Menu
Three Breast Woman Jasmine Tridevil is a Hoax

Three Breast Woman Jasmine Tridevil is a Hoax

iPhone 6 Plus Has Not the Best Smartphone Screen

iPhone 6 Plus Has Not the Best Smartphone Screen

Amber Heard Topless Photo Leaked

Amber Heard Topless Photo Leaked

Kim Kardashian Leaked Photos Backlash

Kim Kardashian Leaked Photos Backlash

Stephanie Beaudoin Dubbed Worlds Hottest Criminal

Stephanie Beaudoin Dubbed Worlds Hottest Criminal

Once Mighty Bitcoin Exchange Mt. Gox Is Offline, Likely Dead

Feb 24 2014, 10:56pm CST | by , in News | Technology News

Once Mighty Bitcoin Exchange Mt. Gox Is Offline, Likely Dead
 
 

YouTube Videos Comments

Full Story

Once Mighty Bitcoin Exchange Mt. Gox Is Offline, Likely Dead

Mt. Gox, the one-time monarch of the Bitcoin kingdom, appears to be dead, or at least in a very serious coma. The troubled exchange for the volatile crypto-currency has been offline since at least 10:30 p.m. Eastern time on Monday. Earlier in the evening, the site was online but logins appeared to be disabled.

Mt. Gox not long ago claimed to be the largest of the online Bitcoin exchanges, but began to run into problems in the fall of last year when customers started to report long delays being able to withdraw funds from accounts. Earlier today, Mt. Gox CEO Mark Karpelès resigned his seat on the board of the Bitcoin Foundation and all tweets on the Mt. Gox Twitter account have been mysteriously erased.

Bitcoin prices on Mt. Gox had been hovering well below that of other Bitcoin exchanges, likely due to suspicions that it was nearing insolvency. Now it appears that the lights have finally gone out atop what was once one of the tallest peaks in the virtual crypto-currency range.

Business Insider also has posted a joint statement from the leaders of other Bitcoin exchanges about the situation.

I’ll continue to look into this story and update this post as I learn more. Please share any experiences you’ve had with the exchange today in the comments.

UPDATE:  This might not be the last we hear of Karpelès and his Gox-related doings. It’s being reported that he purchased the domain name Gox.com this week, which could indicate that the Bitcoin mountain will rise again under a different but similar brand.

To jack in to my brain and get more on the latest in science, tech and innovation, follow me here on Forbes, as well as on Twitter @ericcmack and on Google+.

Source: Forbes

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

 

Comments

blog comments powered by Disqus

Latest stories

Tracee Ellis Ross Talks About Her New Comedy &quot;Black-Ish&quot;
Tracee Ellis Ross Talks About Her New Comedy "Black-Ish"
A new comedy premiering on Wednesday.
 
 
Lauryn Hill&#039;s Performance in London Booed By Fans
Lauryn Hill's Performance in London Booed By Fans
After a 90 Minute Wait an Angry Audience Takes to Social Media to Complain.
 
 
Kate Upton Makes Shoe Commercials Sexy
Kate Upton Makes Shoe Commercials Sexy
Kate Upton got hacked and very private photos leaked on 4Chan. The show must go on though. Kate Upton stars in a new shoe ad.
 
 
Eva Mendes In Business Despite Baby
Eva Mendes In Business Despite Baby
While Eva Mendes recovers from giving birth to her baby daughter, her Fall fashion gets strutted on the runway.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.