The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Tonight

Lo57° Partly Cloudy

Tuesday

Hi77° Chance Showers

Tuesday Night

Lo58° Chance Showers

Wednesday

Hi82° Slight Chc Thunderstorms

Wednesday Night

Lo60° Slight Chc Thunderstorms

Thursday

Hi87° Mostly Sunny

Thursday Night

Lo62° Partly Cloudy

Friday

Hi89° Mostly Sunny

Friday Night

Lo62° Partly Cloudy

Saturday

Hi89° Mostly Sunny

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