Bitcoin Price at Mt. Gox Sinks Below $300 as Community Awaits Monday's News Update
The price of bitcoin at Mt. Gox hit a low of $220 (nearly a 60 percent drop in the last week) this weekend as a seemingly never-ending drama surrounding the exchange continues to unfold. By comparison, the price per bitcoin at the time of this writing at Bitstamp is going for $624 - highlighting the extreme lack of community confidence in the world's oldest bitcoin trading platform. All eyes are still very much on the Tokyo-based exchange, expected to come forth with yet another update on the status of withdrawals on Monday morning. A scan of the Bitcoin page on social sharing website....
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With all of the drama surrounding Tokyo-based Mt. Gox, users of the service and bitcoin community members alike are eagerly awaiting to see what the company says next on the status of withdrawals. Just a reminder: thursday is the day, according to a news update provided Monday by the exchange, who said they are expecting to resume withdrawals "soon", albeit with daily and monthly limits in place. These limits are likely designed to prevent the exchange from crashing completely. With the bitcoin community running out of patience (and confidence) in the service's ability to run reliably, it....
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