One of the world's largest Bitcoin exchanges, MtGox, has gone offline. Trade with the virtual currency, Bitcoins, is being halted on the site and customers are asking : What will happen with our money?
According to Business Insider about 744,408 of the so-called Bitcoins is thus permanently out of circulation. This corresponds to approx. six percent of all the world's virtual “coins” in circulation has disappeared.
It also means that billions of "real" man money vanished without a trace.
Rumors already swirled on MtGox located in Japan before the server went offline. According to the New York Times rumored was that the virtual stock market had already been drained of money and virtual money stolen. Other rumors is that an error in the system meant that money was led astray and ended up in the wrong pockets.
Rumors had already been Bitcoin exchange rate to plummet and in November last year the “price” on a Bitcoin fell tol less than $ 500. The currency peaked at a value of $ 1,200.
Already before the stock market went offline, MtGox had closed all transactions. According to the Japanese- owned company the reason for the closure was that it experienced software problems. According to Business Insider the reason was more likely that the company is insolvent - the registrar was empty.
As recently as yesterday the Japanese authorities dismissed to help the many users who have money at stake. The Bank of Japan has no intention of saving Bitcoin stock market, according to The Wall Street Journal.
The currency is still alive on the other exchanges, and six other companies that deal in Bitcoins are now fighting to restore the currency's credibility.
No comments:
Post a Comment