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10 February 2014updated 05 Oct 2023 8:28am

Here’s why Bitcoin’s value is taking another brief tumble

A fraud issue with one of the largest Bitcoin exchanges has built into a crisis that has knocked hundreds of dollars off its value. Again.

By Ian Steadman

Bitcoin is undergoing another existential crisis, as one of the largest trading exchange – Mt Gox – has told customers that it’s not letting them withdraw their cryptocurrency. It’s blaming an issue with Bitcoin’s underlying architecture, and it wants a development fix to be rolled out across the network.

It’s an announcement that has caused one of Bitcoin’s unfortunate dives in value against fiat currencies. Here’s what bitcointicker.co looks like:

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