Taggox

Mt. Gox Announces Civil Rehabilitation Proceedings: What To Expect Next

  Mt. Gox has broken their 3 day silence with a new plain text update to their website. The English text of which reads: ANNOUNCEMENT REGARDING AN APPLICATION FOR COMMENCEMENT OF A PROCEDURE OF CIVIL REHABILITATION An overview of the situation should be published here shortly (probably on March 3, 2014 (Japan time)). Contact information A call center has been established to respond to all...

Mt.Gox Weekend Trade: News, Analysis

mtgox coyote crash bitcoin

At 07h00 UTC Mt.Gox BTCUSD price skirted below $100 once more, continuing the relentless decline since the break of $250 on Thursday. Volatility is increasing as traders take advantage of low weekend liquidity to chase price for profits. Questions about where this crash is going to find a bottom abound, since a rout in Mt.Gox's exchange price negatively affects other exchange prices. At the time...

MtGox Trading Below $100. Now What?

bitcoin mtgox btc 12h35

MtGox BTCUSD dropped below the psychologically significant $100 mark. Continuing our blow-by-blow coverage of the spectacular MtGox crash, we'll be keeping users updated with the latest news and price analysis going into the weekend. Brief Leading up to an eagerly anticipated Mt.Gox announcement yesterday, the exchange's BTCUSD price crashed through $200 until settling on $110 prior to the open...

Mt.Gox: No BTC Withdrawals Until Transaction Maleability Fixed

Mt.Gox wallet issues

In a draft release made available via IRC freenode/#mtgox just now, Mt.Gox states that it will not resume BTC withdrawals to outside addresses until a flaw in the Bitcoin protocol that makes "transaction maleability" possible has been fixed. [edit: official release here] The news announcement outlines the Transaction Maleability issue and concludes: To put things in perspective, it's important to...

Mt.Gox: Bitcoin Developer Explains Transaction Woes, Dismisses Rumours

Mt.Gox wallet issues

In a candid discussion on Reddit, Bitcoin Developer Gregory Maxwell has provided some insight into the technical difficulties being faced by Mt.Gox and dismisses rumours of insolvency. His musings point to practical obstacles posed by Mt.Gox's use of the Bitcoin protocol and their custom wallet implementation. Insolvency - "just hysteria" First of all, it is noteworthy that Maxwell dismisses...

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