anuseems Posted March 1, 2014 Share Posted March 1, 2014 Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system. The collapse caps a tumultuous few weeks in which the company has remained virtually silent after halting trades of the crypto-currency, shaking the nascent but burgeoning bitcoin community. At the current bitcoin price of about $565, that would total some $480 million - representing about 7 percent of the estimated global total of bitcoins http://www.reuters.com/article/2014/02/28/us-bitcoin-mtgox-bankruptcy-idUSBREA1R0FX20140228 Link to comment Share on other sites More sharing options...
AlexCross Posted March 1, 2014 Share Posted March 1, 2014 So, why do we need bitcoins? What's the purpose for it? Link to comment Share on other sites More sharing options...
jackieo Posted March 2, 2014 Share Posted March 2, 2014 Good. :pos: Link to comment Share on other sites More sharing options...
davmil Posted March 2, 2014 Share Posted March 2, 2014 So, why do we need bitcoins? What's the purpose for it?Oh what a tangled web we weave.... Link to comment Share on other sites More sharing options...
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