Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls
The bitcoin exchange Mt. Gox, once the industry's largest, has gone offline: its website is no longer loading and users believe their deposits, nominally worth hundreds of millions of dollars, have been totally wiped out. Mt. Gox, based in Tokyo
The bitcoin exchange Mt. Gox, once the industry's largest, has gone offline: its website is no longer loading and users believe their deposits, nominally worth hundreds of millions of dollars, have been totally wiped out. Mt. Gox, based in Tokyo
Mt.Gox CEO Mark Karpeles was one of three elected industry members who held seats on the board. The Bitcoin Foundation said that would release more details, including information about election procedures, soon.
Bitcoin prices broke below $500 for the first time since November on the apparent insolvency of MtGox.
Bitcoin virtual currency is on verge of collapse
