Tech Talk: Bitcoin Breaks into the Offline WorldIBTimes UK <\/p>\n
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. <\/p>\n
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. <\/p>\n
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. <\/p>\n
CoinMarketCap.com <\/p>\n
Bitcoin begins to stabilise after heavy losses in wake of Mt Gox problems. <\/p>\n
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. <\/p>\n
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. <\/p>\n
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. <\/p>\n
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. <\/p>\n
<\/p>\n