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Bitcoin Drops Another 20 Percent as Mt Gox Highlights Bug

Customers are still unable to transfer bitcoins out of Mt Gox wallet.

by CNBC

The virtual currency bitcoin suffered further price volatility on Monday as major exchange Mt Gox blamed its ongoing technical issues on a critical flaw in the cryptocurrency which it said affected all exchanges.

Bitcoin withdrawals at the Japan-based exchange were halted over the weekend as its technical team investigated a problem with the way bitcoin withdrawals are processed. In a new statement on Monday Mt Gox said it would resume bitcoin withdrawals to outside wallets once the issue had been properly addressed in a manner that would best serve its customers.

Read the rest of this post on the original site »

This article originally appeared on Recode.net.

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