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posted by Dopefish on Tuesday February 25 2014, @06:00PM   Printer-friendly
from the that-didn't-end-well dept.
lennier writes "Has Magic the Gathering Online Exchange tapped all its mana? MtGox, the first and best known Bitcoin exchange, has abruptly shut down, and CEO Mark Karpeles has resigned from the Bitcoin Foundation after rumors of ongoing theft related to the transaction malleability issue reported several weeks ago. According to the latest news reports, Bitcoin has hit a three-month low of $465 USD per coin."
 
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  • (Score: 1) by basecase on Wednesday February 26 2014, @02:16AM

    by basecase (1952) on Wednesday February 26 2014, @02:16AM (#7058)

    Bitcoin insurance. I'll be a millionaire!

  • (Score: 1) by Mykl on Wednesday February 26 2014, @05:16AM

    by Mykl (1112) on Wednesday February 26 2014, @05:16AM (#7125)

    Actually, I'm surprised that someone on Wall St didn't come up with this, then purchase a bunch of it themselves!

    Just like the pre-GFC Naked Credit Default Swaps, someone could have made a mint out of this crash:
    http://en.wikipedia.org/wiki/Credit_default_swap#N aked_credit_default_swaps [wikipedia.org]

    Ahhh, unbridled capitalism...