Bitcoin stock exchange BitFunder announces closure
Yet another bitcoin stock exchange is about to bite the dust. BitFunder has announced it is closing down. The site, which launched in December 2012 and held around $16m in assets in July, will cease trading on 14th November and transfer out any leftover bitcoins held by users on 2nd December. BitFunder owner Ukyo, aka Jon Montroll, made the announcement in a post on the BitFunder website and on the Bitcoin Talk forum, saying: "As of November 14, 2013, no BitFunder user will be able to enter into any new positions or sell positions on the BitFunder website. "... As of the date of this....
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Asset exchange marketplace BitFunder today announced they are ceasing operations in the next month or so due to unmentioned reasons. In a quoted statement posted on Reddit, the following explanation is mostly what we have to work with: "I will be making a detailed post explaining more later on. I know this will be hard for some of you, but please try to hold off on the conspiracy theories until then. Thank You, Ukyo". The shut down may or may not have something to do with the SEC dropping the hammer on BitFunder, but until we get an official explanation, consider our hands in the air - and....
Gox BTC, a bitcoin exchange based in Mainland China, announced over the weekend that it will cease its operations on 18th January. The company cited "increasing operational costs and legal uncertainty" as key catalysts for its closure. In a statement published on its website, the exchange said: "Due to reasons well-known, the operating costs and legal uncertainty for running bitcoin [businesses] have increased in China. As such, we decided, albeit unwillingly, to close the platform that we built from scratch. No words can describe our sadness at the moment. We firmly believe that bitcoin....
Following an alleged December breach, the trading platform now says it will close and repay users any remaining funds.
On Monday, Overstock CEO Patrick Byrne announced the online retailer had hired two Counterparty developers to build a decentralized stock exchange to issue corporate stock for Overstock and other companies. Byrne confirmed the exchange, code-named "Medici," would operate atop the Counterparty platform. This news caused the XCP price to soar (XCP is the native currency for the Counterparty platform). Also Read: Overstock to Donate 4% of Bitcoin Revenue to Organizations Promoting Bitcoin Adoption. Overstock Announces Decentralized Stock Exchange. Overstock CEO Patrick Byrne's announcement of....
This article has been updated with additional comment and information from Cavirtex regarding the exchange closure. Canadian bitcoin exchange Cavirtex has announced that it will shut down operations next month following the compromise of sensitive security information, including password hashes and two-factor authentication secrets. The company announced the closure in a 17th February post on its website, citing the risks of continued operation due to damage done to the exchange's reputation. The post stated that Cavirtex remains solvent and that client funds were unaffected during the....