A group of other Bitcoin exchanges attempted to distance themselves from MtGox, issuing a statement claiming the "tragic violation of the trust of users of MtGox was the result of one company’s actions and does not reflect the resilience or value of Bitcoin and the digital currency industry".
However, the Tokyo-based exchange's problems have weighed on Bitcoin in general. Its price on Coinbase, another platform, fell to $480, having traded above $1,000 three months ago.
Bitcoin was founded in 2009 by a developer known as Satoshi Nakamoto, whose true identity is unknown. It spent years in relative obscurity, used only by a relatively small internet community.
Last year, it rocketed in value, due to a growing interest in alternative currencies, growing acceptance from regulators and a legitimacy stemming from the closure of the online marketplace for illegal goods, the Silk Road, which processed transactions in Bitcoin.
3 comments:
As far as this news goes it's interesting but we are talking about years before the US has the ability to move it and in the mean time Russia has been signing deals new partnerships in the Far East, North and Sub Saharan Africa and South America. That train has left the station for now and Russia still controls 30% of Europes oil needs. I see some foolish European leaders kowtowing to the US by hurting Russian citizens visa chances and not much more. I doesn't look good for Europe especially in light of the shady characters that have overtaken Ukraine. The scenario is similar to when the US cut off Japans oil leading to Pearl harbor except this time the Russians are the ones who can cut off the oil.
All this fuss is about gas and oil business.
The US wants to increase its influence making Europe more dependent on the US for energy and decrease Russian power, eventually having military bases in Ukraine.
American warships are happily on the Black sea as I write these lines. Nothing should pur on risk this incredible strategic and business opportunity
No wonder the American "diplomat" was choosing Ukrainian leader...
Chevron already signed 50 years contract with Ukraine.
http://www.nytimes.com/2013/11/06/business/international/chevron-and-ukraine-sign-deal-on-shale-gas.html?_r=0
Wow, the US is indeed good. They got the business, they got more power, they got the best strategic position between Europe and Middle East/ Asia,
they got the cold war back, and as an extra had Europe to bent.
All these with one strike. Good player. Congratulations
Jennie Pc Chiang
07 March 2014 8:06pm
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“Europe braced for possible battle with Moscow”. How long the EU will or can send gas to Ukraine? The EU is also dependent on Russian gas. The fact of the matter is that Ukraine got itself into this situation due to internal political conflict and strives, though it was strongly instigated by the West.
I don’t think that US President Barack Obama handle Kiev’s crisis well. First mistake, the European Union and the United States is so eager to recognize the new leadership in Kiev whom Russia considers unconstitutional coup. I also know that if the EU and the United States want to curb or to contain Russia, the United States or NATO must first control the Black Sea or the Crimea.
I don’t think that Crimea referendum to decide if Crimea should join Russia or remain in Ukraine is violation of international law. U.S or EU support a referendum took place in Southern Sudan 2011. The only way to resolve the dispute between Russia and Ukraine is to Mr. Yanukovych returned to the President of Ukraine, until new elections in May. I will think that EU and US should back down. EU or US just waste time to make every diplomatic effort to bring Russia and Ukraine in direct contact at the ministerial level since Russia considers the current government in Kiev is not legitimate. It is unrealistic that Mr. Yatsenyuk asked Moscow withdraw its troops, and halt its support for “separatists and terrorists in Crimea.” The question is How legitimate are Kiev new leaders themselves, included Mr. Yatsenyuk, and by which standards of legitimacy?
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