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How Does A Company Based on a Virtual Coin Go Bankrupt?

(Reuters) – Mt. Gox, once the world’s biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system. Clearly, traders didn’t use the bitcoin revolution official site in order to avoid incurring heavy losses. This massive loss has proven to be hugely embarrassing for leading figures in the bitcoin industry. It might be time to go to different providers similar to bitcoin.com.au for those who trade bitcoin! The collapse caps a tumultuous few weeks in which the company has remained virtually silent after halting trades of the crypto-currency, shaking the nascent but burgeoning bitcoin. To find out more about other cryptocurrencies such as ICON and TRX, and the latest news about each, just visit beincrypto.com. Furthermore, If you’re interested in learning about possibly profitable ways of trading bitcoin check out this review at https://cryptoevent.io/review/crypto-revolt/. It can provide you with useful information on bitcoin trading bots and whether or not they are a scam.

Of course this illustrates a simple fact. Since the 1700s “currencies” have not been a material good. The Euro, the Dollar, the Yen, the Rahminmbi are all based n the economic credit of their countries.


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