Bitcoin Plunges 20% On Big Japan-Based Exchange As Withdrawals Halted

by **Purpleskyz** Sat Feb 08, 2014 8:00 am

Bitcoin Plunges 20% On Big Japan-Based Exchange As Withdrawals Halted – 8 February 2014
Posted on February 8, 2014 by lucas2012infos | Leave a comment

Bitcoin Plunges 20% On Big Japan-Based Exchange As Withdrawals Halted Rtl-ogo

The value of the bitcoin cryptocurrency has dropped below $690 per unit on one of the world’s biggest exchanges Mt. Gox, after the Japanese trader temporarily stopped withdrawals to fix technical problems.
“In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a technical level. To understand the issue thoroughly, the system needs to be in a static state,” according to a statement released Friday, February 7.
“In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a clear technical view of the current processes,” the MT Gox team said, promising to provide an update for their customers on Monday, February 10.
Read the full story at : www.rt.com / link to original article

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