SCMP’s Bitcoin Morning Report: All eyes on Mt Gox
All eyes will be focused on Japan-based Mt Gox – due to release a trading statement later today. On Friday, it temporarily suspended Bitcoin withdrawals on its exchanges citing “technical issues” related to a surge in customer requests for its BTCs. Global Bitcoin prices plunged some 20 per cent on the news.
Mt Gox to reveal all
On Friday, it temporarily suspended Bitcoin withdrawals on its exchanges citing “technical issues” related to a surge in customer requests for its BTCs. Global Bitcoin prices plunged some 20 per cent on the news.
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Russia’s not-so gold medal winning decision
While all attention was tuned to the opening ceremony of the 22nd Winter Olympics, Russian authorities have banned the use of Bitcoin in the country.
Moscow’s top law enforcement agencies and the central bank are committed to intervening to prevent illegal acts, according to the Prosecutor General's Office. The meeting is seen to head off a credible threat to its currency system and the move aims to shore up consumer rights. After the China crackdown on Bitcoins, Russia has risen to the second most popular market for bitcoin software, knocking Beijing off its perch.
First jail threat for Floridian pair over Bitcoin use
Latest Bitcoin price: US$693.03 at 08:50
Source: Coindesk
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