Tuesday, February 25, 2014

Problem with Bitcoin Again; MtGox website Down

MtGox, Bitcoin

Bitcoin has encounter another major problem as Tokyo based MtGox website is shutdown because of reported theft claim that is worth hundreds of millions of dollars.

As of press time (Feb. 25, 2014), if you visit their website you will only see a blank page. Weeks ago, they suspended cash withdrawals due to a bug that allows fraud. 

Sunday, February 16, 2014

Good news for Bitcoin Investors, Bitstamp restores service

Bitstamp the largest exchange service of Bitcoin has reinstated their automated customer withdrawals following a problematic closure of their exchanges for 4 days that have affected the value of Bitcoin. The closure is due to a hacking attacked and malware.

Bitstamp  is based in Slovenia, they have stated:

"after rigorous testing, we have restored fully automated processing for Bitcoin withdrawals."

Bitstamp declared last Friday that they have a software solution to fix the issues, it resulted to a 9.7% rise in Bitcoin's price, the price jumped from $580 early Friday to $670.

Tuesday, February 4, 2014

World Shares Dip as US slowdown joins emerging-market Gloom

World Shares, world economy, finance, world finance

World shares sink to almost a four-month low last Tuesday as signs of a downturn in economy of the United States worsen the jitters caused by a sell-off in emerging markets.

A statistics that shows a weaker U.S. factory activity than they have expected had

A report showing U.S. factory activity was weaker than expected had provoked both the dollar and global equities to slump on Monday. European investors remained anxious on Tuesday after another session of sustained selling in Asia.

Futures prices gained a 0.3% rebound for Wall Street later, but a mid-morning attempt at a stabilization failed in Europe. The benchmark FTSEurofirst index .FTEU3 fell 0.4% and headed for a third day of declines. And Europe looked almost rosy compared with Asia.

Tokyo's Nikkei .N225 dropped by 4% in its worst day since June, cementing its position as the worst performer in developed markets in 2014. MSCI's emerging-market index .MSCIEF plunge 1.4%, accumulating since late October at almost 12%.