The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Today

Hi73° Mostly Sunny

Tonight

Lo50° Partly Cloudy and Breezy then Partly Cloudy

Friday

Hi67° Mostly Sunny

Friday Night

Lo49° Partly Cloudy

Saturday

Hi69° Slight Chance Showers

Saturday Night

Lo51° Mostly Cloudy

Sunday

Hi72° Partly Sunny

Sunday Night

Lo53° Partly Cloudy

Memorial Day

Hi75° Mostly Sunny

Monday Night

Lo53° Mostly Clear

Bitcoin exchange’s fall could doom new currency

Send to Kindle
Print This

TOKYO — A major bitcoin exchange has gone bust after secretly racking up catastrophic losses, other virtual currency companies said today — a potentially fatal blow for the exotic new form of money.

The website of Tokyo-based Mt. Gox was returning a blank page today. The disappearance of the site follows the resignation Sunday of Mt. Gox CEO Mark Karpeles from the board of the Bitcoin Foundation, a group seeking legitimacy for the currency, and a withdrawal ban imposed at the exchange earlier this month.

View my options or Sign in