Sentences with phrase «on mtgox»

The November record of $ 1,277 on MtGox — which was probably artificially high due, in part, to market manipulation — was breached across exchanges on April 26 of this year.

At midnight on Thursday the median price on MtGox was just shy of $ 900.

In the event of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users.

Since then, the price dropped to $ 530 when the news about transaction malleability leaked, quickly picked back up once the community realized it was MtGox's fault, and dropped again and again as the situation on MtGox grew progressively worse.

Currently trading at $ 145 on BitStamp and $ 160 on MtGox, bitcoin prices are now more than 10 % above their pre-Silk Road seizure levels.

In light of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users.

The price on MtGox reached US$ 0.50 / BTC.

Clark Moody's Bitcoin chart project is a slightly more interactive chart showing trading on MtGox.

At the time Bitcoin was trading on MtGox for around $ 93.39 USD.

At the time of purchase the value of Bitcoin on the BitcoinStore site was roughly $ 117, more or less inline with the price on MtGox.

Not exact matches

Consequently, r / MtGox is focused on discussion about Bitcoin trading.

On April 22, 2015, the bankruptcy trustee created a system that enabled MtGox users to file claims against the exchange regarding their lost funds.

Kraken CEO Jesse Powell joins CEOs from other leading Bitcoin companies to issue a joint statement on the demise of MtGox.

Trace Mayer and Jesse Powell discuss Kraken's role in distributing funds to MtGox creditors, Kraken's proof - of - reserves audit in spring 2014, advanced security features available on Kraken and the risks for many exchanges that accept customers illegally.

Earlier this week, Mt. Gox also posted a notice on their user support page under the title «MtGox Co., Ltd Location and Address Change — February 19 ″ with the one - line message «MtGox Co., Ltd. (Japan) has moved to the address below».

«Bet on future profit to refill the lost coins - Long term, low leverage: Regardless of malleability and regulatory issues, MtGox's main problems are massive robbery and poor bitcoin accounting.

UPDATE (25th February, 09:28 GMT): The source code on Mt. Gox's website now reads «put announce for mtgox acq here» leading some to speculate on the motives behind the document leak:

Bitcoin reached US$ 1.00 / BTC at MtGox, bringing it on par with the US dollar for the first time.

MtGox, a Bitcoin exchange that used to have over 90 % market share in the industry and still remains one of the top three Bitcoin exchanges today, announced on Friday that they would be halting BTC withdrawals as a result of unspecified...

This could work, joined with a solution similar to what Bitfinex did, where liabilities are covered with tokens issued to creditors, and can be cashed out anytime based on current liabilities status while said status progressively improves over time as MtGox makes money and / or coins are recovered (could take years just to maybe see Vinnik get his ticket to the USA, so no need to hold your breath there).

Aside from the brief maintennance and DDOS on April 11, MtGox's network - facing servers generally performed well, and it was clear that processing orders was the bottleneck.

In th eyes of many Bitcoin users, perhaps grieving at the sudden disappearance at their hope of instant riches, but also legitimately angry at the exchange's failure to perform up to the Bitcoin community's expectations, the message amounted to little more than rubbing salt on their wounds, gloating that while the rest of the Bitcoin economy, and even MtGox's actual service, was in disarray the exchange's usage volumes and profits were higher than ever.

Seeking to make up for their poor performance in the eyes of the Bitcoin community, MtGox temporarily lifted all trading fees on the exchange.

At first glance, this appears to be an act of niceness, but an understanding of basic economics would have quickly revealed the folly of the scheme: once fees were taken off, trade volume spiked up massively, and trading lag once again hit over 45 minutes on April 13, requiring MtGox to shut down once again for five minutes.

The sheer volume of bitcoins traded on the exchange, combined with the prime importance of exchanges to the Bitcoin economy, gives MtGox the power to, whether through malice, incompetence or simple human error, significantly manipulate the Bitcoin price in either direction unilaterally.

«For several weeks MtGox customers have been affected by bitcoin withdrawal issues that compounded on themselves.

18k of MtGox's BTC transferred the day before we hit $ 6000 on Feb 6th pic.twitter.com / nluQpexhoM

As Bitconnect shut down its doors this week, it makes sense to relive the MtGox hack and closure as it was a milestone event with a big impact on the cryptoworld.

Finally, worst of all, MtGox, once by far the largest exchange in the Bitcoin economy, has disabled all withdrawals, and prices on the exchange have tumbled more than 85 % amid fears that the exchange is insolvent.