Mt.Gox Site Disappears, Bitcoin Future in Doubt

Tuesday, February 25, 2014

The Bitcoin-trading website Mt.Gox was taken offline late Monday, putting at risk millions of dollars put there by investors who gambled on the digital currency. The exchange also deleted all of its tweets, and Mt.Gox CEO Mark Karpeles resigned from the Bitcoin Foundation’s board of directors on Sunday.

The news frightened Bitcoin investors elsewhere, knocking the price down about 3% to $490 — its lowest level since November.

Source: CNN Money (link opens in a new window)

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bitcoin, digital currency, digital payments, financial innovation