Printed from http://www.electronista.com

Bitcoin exchange Mt. Gox resumes US dollar withdrawals after hiatus

updated 08:29 am EDT, Fri July 5, 2013

Two-week downtime to implement new exchange system completed

Tokyo-based Bitcoin exchange Mt. Gox has re-enabled withdrawals in US dollars, following a two-week hold on payments. The resumption of normal service comes at the same time as the virtual currency exchange announces new relationships with "several new banking partners both in Japan and around the world," with more agreements also in progress

The hiatus of withdrawals took place while a new system underwent testing, After processing over $1 million in transactions in the period, Mt. Gox deemed it suitable for normal use. The two-week pause has also created a large backlog of transactions to overcome, which it says will be rectified within a few weeks. During the downtime, withdrawals and deposits in other currencies continued to operate normally.

The two-week outage has been the latest event in a turbulent year for the exchange. It has previously lost access to the Dwolla payment service after an investigation by the Department of Homeland Security, is being sued by CoinLab for $75 million, and is under various other investigations and attacks.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Samsung SmartCam HD Pro

Keeping an eye on the home while out and about these days is common practice, assisted by modern technology. Internet cameras became p ...

Fugoo Bluetooth speaker

It's rare to find a Bluetooth speaker that can cover a large array of needs. Generally, speakers are wrapped in a desktop-convenient d ...

Epson LW-600P

Label makers are traditionally simple machines that perform a single task which people feel they can either live with or without. In m ...

Sponsor

toggle

Most Commented

 
toggle

Popular News