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Friday, February 7, 2014

Bitcoin Plunges as Exchange Halts Withdrawals Due to Technical Problems by Matt Egan

Bitcoin tumbled as much as 37% on Friday after the crypto currency’s leading exchange temporarily halted all withdrawals due to “technical” problems caused by increased withdrawal requests. The decision by Tokyo-based Mt. Gox to “temporarily pause” all withdrawal requests highlights the uphill battle facing the relatively young digital currency.

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