Wednesday, April 29, 2015   

Bitcoin investor smells blood on the streets
(02-26 08:57)

As Tokyo-based Mt Gox went down, a new bitcoin exchange was to be launched by SecondMarket Holdings, a US firm specializing in alternative investments, The New York Times reported.
Bitcoin values steadied after the exchange posted a note several hours after going offline, saying “a decision was taken to close all transactions for the time being in order to protect the site and our users.''
Some reports highlighted a line in the Mt Gox computer code hinting at a new owner and a document purported to be from Mt Gox and circulated online said the exchange would reopen as early as April, rebranded as “Gox.''
Fred Wilson, a venture capitalist who has invested in Bitcoin, said he bought more of the virtual currency when the price dropped Tuesday.
“The wonderful thing about a globally distributed financial network is that if one of the nodes goes down, it doesn't take the system down,'' he wrote on his blog.
“I always feel good buying when there is blood in the streets in any market. It is my favorite time to buy.''—AFP
   
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US securities regulator pressed to investigate undisclosed risks of Shell drilling for Arctic oil (04-28 18:23)
StanChart pre-tax profit tumbles by 22pc, loan impairments rise (04-28 17:54)
UK reports economic slowdown (04-28 17:26)
China Telecom earnings and revenues fall (04-28 16:35)
Auto parts lift Panasonic income to US$1.5b (04-28 16:24)
Hang Seng inches up at close, Shanghai down by 1pc (04-28 16:21)
European equities tumble (04-28 16:15)
Nikkei closes higher (04-28 16:13)

More breaking news >>

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