bitcoinvancouver

The GoTo Site for all things Bitcoin in Beautiful Vancouver British Columbia Canada

Bitcoin is under siege

Bitcoin is under siege

bitcoins

Bitcoin has been taking a beating with lawsuits, arrests, regulators, apps taken away and now a withdrawal glitch that sent the price tumbling.

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NEW YORK (CNNMoney)

Right now, Bitcoin is a hard sell for people who are accustomed to old-fashioned cash or credit.

The stateless, digital currency can’t shake off the image that it’s unstable, unproven and largely still an experiment. Recent news doesn’t help.

Last week, Russia’s top prosecutor declared that Bitcoin and all anonymous payment systems are illegal. One of the largest Bitcoin exchanges in the world, Mt.Gox, prevented investors from pulling out their bitcoins, citing a technical glitch. Apple yanked the last remaining Bitcoin digital walletfrom its app store. And earlier, a Bitcoin exchange CEO was arrested for money laundering.

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This entry was posted on February 10, 2014 by and tagged , .

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bitcoinvancouver2013@gmail.com

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