Cryptocurrency News Round-Up: Protests at Mt Gox as …

Tech Talk: Bitcoin Breaks into the Offline WorldIBTimes UK

Uncertainty over the fate of the Mt Gox bitcoin exchange led to a volatile weekend for the cryptocurrency, which fell from relative stability around the $925 (565) mark, to less than $650 for the first time since mid-December.

The slump in bitcoin's value comes in the wake of an announcement by Tokyo-based MT Gox that it has temporarily blocked all withdrawal requestsby its users.

Unable to get their money out as either bitcoins or real-world currency, users are angry and some believe the exchange has become insolvent, unable to meet withdrawal demands.

CoinMarketCap.com

Bitcoin begins to stabilise after heavy losses in wake of Mt Gox problems.

At the time of publication, bitcoin had recovered slightly to $681, while litecoin was at $18.16, down marginally on its price from last week. Meanwhile dogecoin had gained more than 26% in the last 24 hours, up to $0.0014 per coin.

Vertcoin, which showed regular triple-digit gains a week ago, has fallen significantly over the last five days, down from a high of more than $9 to its current level of $3.50.

The highest 24-hour gain was seen by bitgem, which soared more than 56% to $6.26 per coin, closely followed by devcoin, up more than 51% to $0.0006.

After causing a stir when it entered the market at $800,000, 42 Coin has remained stable in recent days and is currently at $118,665 per coin.

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Cryptocurrency News Round-Up: Protests at Mt Gox as ...