Bitcoin Channel: MtGox Market Looks Rigged
The chart pointing out artificial price floors on MtGox via The Bitcoin Channel. In the Bitcoin Channel's latest episode of The Bitcoin Report, the possibility of MtGox having a rigged market is heavily discussed. While the episode steers clear of claiming MtGox is insolvent, it definitely insinuates that there is some form of price fixing going on behind the scenes. When looking at the recent charts for BTC/USD trades on MtGox, you can clearly see an artificial floor on the price of bitcoins. This has happened multiple times over the past week or so, and it clearly indicates that someone....
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The chart pointing out artificial price floors on MtGox via The Bitcoin Channel. It turns out that the extreme rise in the bitcoin price near the end of the 2013 may not have had much to do with China, Silk Road, or government hearings in the United States. Although those three factors are often cited as the reason the price skyrocketed to over $1000 near the end of the year, a new report suggests that there was some price manipulation going on behind the scenes at MtGox. Although the report falls short of placing guilt upon Mark Karpeles or anyone else at MtGox, fraud is definitely an....
Bitcoins are selling for under $500 on MtGox for the first time since November. Prices on the other exchanges seem to be holding steady for now, but MtGox simply cannot catch a break. People are already selling their MtGox bitcoins for “real bitcoins” at a discount, and Roger Ver has publicly stated that he’s one of the buyers on the other end of that trade. If you discount a small blip during December, this is actually the first time MtGox has dropped below $500 since the middle of November. People have been talking about the “end of MtGox” for almost a year now, but the exchange is still....
This altered photo of Mark Karpeles uploaded by /u/MorXpe on /r/bitcoin shows how some MtGox customers feel right now. A large chunk of the Bitcoin community has been ready to give up on MtGox for more than a few months, but the question still remains as to whether they are insolvent, incompetent, or just bad at public relations. While there is no need for a debate over whether or not this exchange has had problems in the past, there is little proof that Mark Karpeles and the rest of the staff over at MtGox are actually fraudsters. Although MtGox bitcoins are still being sold at a....
MtGox is left playing by themselves. Photo via unicefiran. It's not clear as to whether or not MtGox was expecting others to agree with them on transaction malleability, but yesterday's announcement proved they pretty much have zero friends in the Bitcoin world. After releasing their announcement in the morning, it seemed that every other big player in the Bitcoin space decided to basically take Bitcoin's side over MtGox. After all, MtGox was blaming all of their problems on an issue that has been known about for years, so it's not clear what their true intentions were with their press....
Roger Ver speaking at LeWeb 2013. Photo via LeWeb13. Roger Ver, also known as Bitcoin Jesus, is looking to buy MtGox bitcoins from people who believe the Bitcoin exchange may be insolvent. As reported yesterday, people are already selling their MtGox bitcoins at discounted rates on a new exchange that popped up overnight. Ver made a post on the bitcointalk forum where he stated his interesting in purchasing at least 100 bitcoins from other MtGox users. It's interesting to see this bid of confidence from Ver after so many people in the Bitcoin community have been bashing MtGox for the past....