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Mt.Gox Site Disappears, Bitcoin Future in Doubt

Jose Pagliery: Mt.Gox Site Disappears, Bitcoin Future in Doubt: “What was once the world’s largest trading platform for bitcoins is now a blank page.

The Bitcoin-trading website Mt.Gox was taken offline late Monday…. The exchange also deleted all of its tweets…. Mt. Gox CEO Mark Karpeles resigned from the Bitcoin Foundation’s board of directors on Sunday…. An unverified document called ‘Crisis Strategy Draft’ that is being circulated online claims Mt.Gox has lost 744,408 of its users’ bitcoins, worth nearly $367 million…. Mt.Gox has been mired in problems ever since Feb. 7, when it halted withdrawals from its trading accounts…. By the time trading at Mt. Gox was halted entirely late Monday, the price of a Bitcoin there had dropped significantly, to $130. Meanwhile it was trading for more than four times that on other exchanges. Late on Monday, several other Bitcoin exchanges sought to reassure investors and took a harder line with Mt. Gox. ‘This tragic violation of the trust of users of Mt.Gox was the result of one company’s abhorrent actions and does not reflect the resilience or value of Bitcoin and the digital currency industry’, the groups said in a statement…

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Mt.Gox Site Disappears, Bitcoin Future in Doubt

February 25, 2014

February 25, 2014

U.S. economic mobility trends and outcomes

U.S. income and wealth inequality are no longer increasing, but a return to the equitable levels of the mid-20th century isn’t likely anytime soon