NoTeaPartyPleez
Gold Member
- Dec 2, 2012
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Ooops.....You righties really ought to follow the liberal media more often.
Bitcoin's Mt. Gox Goes Offline, Loses $409M -- Recovery Steps and Taking Your Tax Losses
Mt. Gox’s recent troubles are circulating like wildfire. Its repercussions are being felt throughout the world. Mt. Gox was the most public and well-known brand that represented Bitcoin’s exchange market. The company’s shutdown is rumored to be caused by a “hack” or “security breach” that resulted in a loss up to 744,000 BTC or $409,200,000. (Based on the approximate value just hours ago from Coindesk.com) This is truly an unfortunate event that has caused the international community to shake its trust in Bitcoin as evidenced by the massive price drop. This is par for the course, when a pillar in the community falls in such a funeral pyre. The best parallel would be the Bear Stearns’ failure during the 2008 global financial crisis. Hopefully, Bitcoin won’t follow in the financial system’s footsteps post-Bear Stearns.
Bitcoin's Mt. Gox Goes Offline, Loses $409M -- Recovery Steps and Taking Your Tax Losses - Forbes
BITCOIN EXCHANGE MTGOX DISAPPEARS
MtGox, once the world's largest Bitcoin exchange, has gone offline.
Sites tracking trading on the Bitcoin exchange are reporting no trading activity there.
Bitcoin prices were down as much as 14% to $465, a level not seen since mid-November.
Read more: http://www.businessinsider.com/reports-mtgox-halts-all-trading-2014-2#ixzz2uR6pMSYW
Bitcoin's Mt. Gox Goes Offline, Loses $409M -- Recovery Steps and Taking Your Tax Losses
Mt. Gox’s recent troubles are circulating like wildfire. Its repercussions are being felt throughout the world. Mt. Gox was the most public and well-known brand that represented Bitcoin’s exchange market. The company’s shutdown is rumored to be caused by a “hack” or “security breach” that resulted in a loss up to 744,000 BTC or $409,200,000. (Based on the approximate value just hours ago from Coindesk.com) This is truly an unfortunate event that has caused the international community to shake its trust in Bitcoin as evidenced by the massive price drop. This is par for the course, when a pillar in the community falls in such a funeral pyre. The best parallel would be the Bear Stearns’ failure during the 2008 global financial crisis. Hopefully, Bitcoin won’t follow in the financial system’s footsteps post-Bear Stearns.
Bitcoin's Mt. Gox Goes Offline, Loses $409M -- Recovery Steps and Taking Your Tax Losses - Forbes
BITCOIN EXCHANGE MTGOX DISAPPEARS
MtGox, once the world's largest Bitcoin exchange, has gone offline.
Sites tracking trading on the Bitcoin exchange are reporting no trading activity there.
Bitcoin prices were down as much as 14% to $465, a level not seen since mid-November.
Read more: http://www.businessinsider.com/reports-mtgox-halts-all-trading-2014-2#ixzz2uR6pMSYW
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