{"id":18086,"date":"2014-02-09T16:27:27","date_gmt":"2014-02-09T15:27:27","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/18086\/bitcoin-price-falls-over-20-percent-as-japanese-exchange-suspends-withdrawals\/"},"modified":"2014-02-09T16:27:27","modified_gmt":"2014-02-09T15:27:27","slug":"bitcoin-price-falls-over-20-percent-as-japanese-exchange-suspends-withdrawals","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/18086\/bitcoin-price-falls-over-20-percent-as-japanese-exchange-suspends-withdrawals\/","title":{"rendered":"Bitcoin price falls over 20 percent as Japanese exchange suspends withdrawals"},"content":{"rendered":"<p><p>The price of a Bitcoin fell 20 percent on Friday, as Japanese exchange Mt Gox suspends withdrawals to fix technical issues, however the kyrpto-currency clawed back some ground later in the day.<\/p>\n<p>Bitcoin has slumped below $690 (\u00a3423) per coin whilst users of the Tokyo based exchange vented their anger and frustration on the Bitcoin forums, where Mt Gox&#8217;s sluggish withdrawal system has been criticised for some time. One thread questioned if Mt Gox is a scam.<\/p>\n<p><strong>Invalid Bitcoin Address<\/strong><\/p>\n<p>Founder of the Swedish Pirate Party and IT entrepreneur Richard Falkvinge claimed on 4 February that Mt Gox has racked up $38 million in unfulfilled Bitcoin withdrawals, where attempts to get money out of the exchange by users failed and seemingly disappeared.<\/p>\n<p>Many users who tried to make Bitcoin withdrawals from Mt Gox to their own bitcoin wallets were greeted with erroneous &#8220;Invalid Bitcoin Address&#8221; messages, and although the transfers were later confirmed by the exchange, they failed to show up in the public Blockchain, where all Bitcoin transactions are logged.<\/p>\n<p><strong>Bitcoin Regulation Calls<\/strong><\/p>\n<p>The Mt Gox problem has led to renewed calls for regulatory oversight over Bitcoin trading. &#8220;There is a clear need for a US based, regulated, compliant and trustworthy Bitcoin exchange,&#8221; said Barry Silbert, CEO of the trading firm SecondMarket.<\/p>\n<\/p>\n<p>See original here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.liveoilprices.co.uk\/oil\/bitcoin-price\/02\/2014\/bitcoin-price-falls-over-20-percent-as-japanese-exchange-suspends-withdrawals.html?&amp;owa_medium=feed&amp;owa_sid=\" title=\"Bitcoin price falls over 20 percent as Japanese exchange suspends withdrawals\">Bitcoin price falls over 20 percent as Japanese exchange suspends withdrawals<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> The price of a Bitcoin fell 20 percent on Friday, as Japanese exchange Mt Gox suspends withdrawals to fix technical issues, however the kyrpto-currency clawed back some ground later in the day. Bitcoin has slumped below $690 (\u00a3423) per coin whilst users of the Tokyo based exchange vented their anger and frustration on the Bitcoin forums, where Mt Gox&#8217;s sluggish withdrawal system has been criticised for some time. One thread questioned if Mt Gox is a scam. Invalid Bitcoin Address Founder of the Swedish Pirate Party and IT entrepreneur Richard Falkvinge claimed on 4 February that Mt Gox has racked up $38 million in unfulfilled Bitcoin withdrawals, where attempts to get money out of the exchange by users failed and seemingly disappeared. Many users who tried to make Bitcoin withdrawals from Mt Gox to their own bitcoin wallets were greeted with erroneous &#8220;Invalid Bitcoin Address&#8221; messages, and although the transfers were later confirmed by the exchange, they failed to show up in the public Blockchain, where all Bitcoin transactions are logged. Bitcoin Regulation Calls The Mt Gox problem has led to renewed calls for regulatory oversight over Bitcoin trading. &#8220;There is a clear need for a US based, regulated, compliant and trustworthy Bitcoin exchange,&#8221; said Barry Silbert, CEO of the trading firm SecondMarket. <\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18086","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/18086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=18086"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/18086\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=18086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=18086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=18086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}