BTCT Update – Trading Halted, website shutting down.

BTCT.co has completed halting trading and has begun their website shutdown. From BTCT.co IMPORTANT NOTICE TO ALL BTC TRADING CORP WEBSITE PARTICIPANTS Trading has been halted according to the winding down plan. We will update the site code shortly to allow transfers to and from asset issuers on a per-issue basis where necessary. And the announcement…

BTC prices in China exceed MtGox

For the first time since volume on the Chinese exchanges really picked up, the price per bitcoin on the Chinese markets has exceeded the price at MtGox (despite all of MtGox’s withdraw issues). This happened last night, and lasted only for a few hours, since the price has been hovering just about the same.  …

MtGox 5% Manual Withdraw Queue is now in over 2 weeks

I have been waiting over a week now for a manual wire transfer from MtGox for the extra 5% (the only way to currently get a SWIFT transfer processed…). There are also reports on BitcoinTalk that others have been waiting 2 weeks. In addition there’s been reports over the past few days of BTC withdraws…

MtGox Press Release Regarding Recent Downtime

Dear Customers, As we have announced yesterday on October 10th, we had made server maintenance that was aimed at fixing the issues we had with our database which was causing it to lag (occasionally) for up to 10~15 minutes at a time (causing the site to be down for that duration). Since May 2013 we…

Using BitFinex for the Stop-Loss Feature

BitFinex is one of the only platforms that has adequate volume, easy withdraws and deposits, and a stop loss function built right in. I highly recommend using Stop Losses when trading in any market, especially one that has huge swings like the bitcoin market. Also don’t worry that the volume on BitFinex seems small, they…

MtGox Offline for “Scheduled Maintenance”

MtGox was offline for a couple of hours last night for “Scheduled Maintenance.” When asked if midas were being implemented, Karples replied that while this isn’t midas itself, but that some  upgrades were being done that are required by midas. The upgrade took around 4 hours last night, completing a little later than planned.

Silk Road Founder, Ulbricht, Found and Arrested in USA

Here you can see the criminal complaint – UlbrichtCriminalComplaint Bitcoin Tanked for a few hours but is back to the pre-shutdown levels, so I guess it may not have as big an effect on the bitcoin economy as predicted. However I wouldn’t underestimate the volume of bitcoin that was related directly to Silk Road.   Here’s…