Mt. Gox Announces Temporary Hiatus on U. S. Dollar Withdrawals

Global US dollar withdrawals have fully resumed at Mt. Gox following a two-week testing period of its new transaction processing system. The exchange said it still managed to process over $1 million worth of withdrawals over the past fortnight, despite having announced a temporary hiatus. "As this required a great deal of manpower and was not a perfect solution, we are quite happy with the progress made despite the conditions," reads the statement from Mt. Gox. The company also used the statement to announce it has formed relationships with a number of new banking partners across the....

The largest Bitcoin exchange, MtGox, has announced that they are resuming USD withdrawals around the world, putting an end to two weeks of hiatus. A long backlog of withdrawal requests had been accumulated over the period, so it will take over a month before processing times finally return to normal, but MtGox expects that the main disruptions are now over. "Mt. Gox has now formed relationships with several new banking partners both in Japan and around the world," the press release reads, "and we are still in the process of finalizing even more. This means that we will have increased....

DragonEx is introducing a new withdrawal method in an effort to save its business. Cryptocurrency exchange DragonEx is introducing a stopgap measure to reintroduce withdrawals after some problems last month. According to an official announcement on Nov. 8, DragonEx is introducing a temporary solution to allow crypto withdrawals. The exchange will require its users to acquire so-called “DragonEx Withdraw Quota” tokens. One DWQ will allow the withdrawal of assets worth 1 Tether (USDT). DragonEx executives said that customers can acquire DWQ through trading, mortgage loan, or a deposit. “When....

On July 4th, bitcoin investors let out a collective sigh of relief when Mt. Gox finally resumed USD withdrawals. The reason for the hiatus on withdrawals was so Mt. Gox could test out its new transaction system in the face of increased volume. Yet there was a level of exasperation for those looking to cash out of BTC because of the fact that bitcoin at the time was experiencing a low not seen since April. Despite resuming withdrawals, a number of people have expressed discomfort at the fact that they cannot get their money from Mt. Gox, despite issuing withdrawal requests. I'm also dealing....

CaVirtex, one of the oldest and largest Canadian Bitcoin exchanges, disabled Bitcoin withdrawals yesterday. CaVirtex informed their twitter followers of the inconvenience via tweet. Litecoin withdrawals are still allowed, which leads some to believe that CaVirtex hasn't run with funds and is just experiencing a delay. CaVirtex did not give any specific timeline for when Bitcoin withdrawals would be re-enable, though they did give a reason: Hot wallet top off. Also read: Canada's Largest Bitcoin Exchange Now Accepts Litecoin. An Empty Hot Wallet. @kajjeb Recent volume has resulted in our....