Time to Get Out of Bitcoin Now?
Bitcoin prices are plunging after the Mt. Gox exchange went offline and closed all transactions. CNBC’s Mary Thompson details the problems plaguing bitcoin.
Mt. Gox, one of the currency’s biggest exchanges, just went offline and took hundreds of millions of USD worth Bitcoin equity with it. Mt. Gox had claimed in the past that it handled about 80% of all global trades for BTC/USD. Issued a statement? Planned downtime? Nope, neither. It just