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http://cbs12.com/news/top-stories/stories/bitcoin-crash-prices-plunge-technical-problems-persist-13145.shtml
Bitcoin Crash: Prices plunge as technical problems persist
Story by Chris Isidore / CNN Money
Bitcoin prices plunged again Monday morning after Mt.Gox, the major exchange for the virtual currency, said technical problems require it to continue its temporary ban on many customer withdrawals.
Mt.Gox said it has discovered a bug that causes problems when customers try to use their account to make a transfer or payment of bitcoins to a third party. It said the problem is not with Mt.Gox software but affects all transfers of bitcoins to third parties. It is allowing transfers to Mt.Gox bitcoin addresses as well as currency withdrawals. Trading in bitcoins also continues.
But the exchange said it was suspending transfers and third-party payments until the problem is fixed. A bug is allowing a third party receiving a bitcoin transfer to make it look as if the transfer did not go through, which can lead to improper multiple transfers, Mt.Gox said.
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But wait a minute....I thought the only websites to have technical issues were government health insurance exchanges, and that private industry did it better.
(Just as an aside, I had to laugh that my spellchecker has yet to recognize "Bitcoin" as an official word.
)
Bitcoin Crash: Prices plunge as technical problems persist
Story by Chris Isidore / CNN Money
Bitcoin prices plunged again Monday morning after Mt.Gox, the major exchange for the virtual currency, said technical problems require it to continue its temporary ban on many customer withdrawals.
Mt.Gox said it has discovered a bug that causes problems when customers try to use their account to make a transfer or payment of bitcoins to a third party. It said the problem is not with Mt.Gox software but affects all transfers of bitcoins to third parties. It is allowing transfers to Mt.Gox bitcoin addresses as well as currency withdrawals. Trading in bitcoins also continues.
But the exchange said it was suspending transfers and third-party payments until the problem is fixed. A bug is allowing a third party receiving a bitcoin transfer to make it look as if the transfer did not go through, which can lead to improper multiple transfers, Mt.Gox said.
______________________________________________________________________________________
But wait a minute....I thought the only websites to have technical issues were government health insurance exchanges, and that private industry did it better.
(Just as an aside, I had to laugh that my spellchecker has yet to recognize "Bitcoin" as an official word.
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