Mt. Gox temporarily suspends USD withdrawals
Mt. Gox has just announced it is temporarily suspending withdrawals of US dollars. It states it has had to take this measure in response to a growing volume of deposits and withdrawals from what it calls "established and upcoming markets interested in Bitcoin". In turn, it says this has made it difficult for its bank to process the corresponding transactions in a timely manner. The announcement from the bitcoin exchange goes on to say improvements are being made to the way USD transactions are processed and that the current suspension will last for just two weeks. Furthermore, the company....
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Users with bitcoin withdrawals in limbo have reported that the amounts are being returned to their Mt. Gox wallet balances. Japan-based bitcoin exchange Mt. Gox, the third-largest for trading the US dollar for bitcoin by 30-day volume, has announced it is temporarily pausing bitcoin withdrawals. The company has released a statement on its website that says the following: Dear MtGox Customers, During our efforts to resolve the issue being encountered by some bitcoin withdrawals it was determined that the increase in withdrawal traffic is hindering our efforts on a technical level. As to....