Latest in Bitcoin

Image credit:

Mt.Gox Bitcoin exchange freezes US dollar withdrawals for two weeks

Jon Fingas, @jonfingas
June 20, 2013
Share
Tweet
Share

Sponsored Links

It's easy to see that the Bitcoin market is under stress when there's rising overall activity and tighter oversight. However, it's now so hectic that the Mt. Gox exchange has trouble fulfilling even basic transactions -- and the institution is freezing US dollar withdrawals for two weeks to keep things in check. Mt. Gox's team will use the downtime to upgrade its trading system and (hopefully) address the heavy workload. Deposits and transfers in American currency should still be good to go. Let's just hope that Mt. Gox manages smoother transitions in the future -- after all, not everyone can afford to leave their money in limbo during a tech refresh.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

Apple may bring 'real' home screen widgets to iOS 14

Apple may bring 'real' home screen widgets to iOS 14

View
School districts ban Zoom over security concerns

School districts ban Zoom over security concerns

View
Apple TV Channels offers free Epix until May 2nd without signing up

Apple TV Channels offers free Epix until May 2nd without signing up

View
Google's COVID-19 reports show where people are obeying stay-at-home orders

Google's COVID-19 reports show where people are obeying stay-at-home orders

View
Honeywell says it built the world's most powerful quantum computer

Honeywell says it built the world's most powerful quantum computer

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr