THE PRUDENT INVESTOR: Why I’m ditching lousy fund managers who can’t even beat a robot! Why are banks making it most traded currencies forex factory easy for fraudsters to open accounts?
Revealed: The most viewed overseas homes for sale including a Majorcan villa once featured on hit TV show Love Island – which exotic pad would you pick? REBECCA GOODMAN: Victory for This is Money as Ofcom FINALLY says Virgin Media’s exit fee is too high – so why is it still getting away with charging it? Is it the beginning of the end for Bitcoin? Read this: Is it the beginning of the end for Bitcoin? 375m of the virtual currency closed one of the major exchanges through which it is traded. Gox – which allows Bitcoin to be traded for US dollars – was shut down today after it had already halted cash withdrawals in the wake of rumours that hackers had managed to steal 745,000 Bitcoin.
Gox will raise questions over the future of Bitcoin, which had surged in value last year and attracted the global attention of mainstream businesses and investors. 500 – according to an average price index across exchanges. Gox had effectively made Bitcoin held there worth less than currency held at other exchanges, so that the price of Mt. 232 last night before the exchange closed. Six other Bitcoin exchanges have distanced themselves from Mt. Gox in an effort to shore up the credibility of Bitcoin.
This tragic violation of the trust of users of Mt. Gox was the result of one company’s actions and does not reflect the resilience or value of Bitcoin and the digital currency industry,’ the companies – Coinbase, Kraken, Bitstamp, BTC China, Blockchain and Circle – said in the statement. How the price of Bitcoin shot up late last year. As with any new industry, there are certain bad actors that need to be weeded out, and that is what we are seeing today.