Tag Archives: Mt. Gox
Bitcoin Exchange Mt. Gox Reaches Across the Table at G8 Summit
“Come and Join Us!” says Mt. Gox
As the 2013 G8 summit kicked off last week, global leaders were discussing broad economic issues.
The Mt. Gox team bought a full page ad for Bitcoin in the middle of the G8 Research Group’s official magazine with a link to a special landing page.
The full publication is available here (Mt. Gox is on page 8).
Mt. Gox commented on their goals of placing this ad:
We want to convey a bold message as global opinion on Bitcoin is very diverse. Especially for G8 members it’s important to highlight what’s really important for Bitcoin to change the world. Bitcoin has the potential to bring together global citizens by enabling worldwide commerce with low costs and ease of entry for all social strata. Rather than dilute, Bitcoin enhances. Mt. Gox is looking forward to a positive outcome from the G8, and to being a part of the dialogue going forward.
Top Bitcoin News: CA v Foundation, Mt. Gox Halts Withdrawals, and More
Bitcoin News
A roundup of the top Bitcoin news from June 17 to June 23.
Tuesday, June 18
Saturday, June 22
Sunday, June 23
Mt. Gox Halts US Dollar Withdrawals at Bitcoin Exchange
Mt. Gox Halts Withdrawals
Bitcoin exchange Mt. Gox has announced a temporary hiatus on U.S. Dollar withdrawals.
In a statement by the Tokyo-based company, the following explanation was given:
Over the past weeks Mt. Gox has experienced rising volumes of deposits and withdrawals from established and upcoming markets interested in Bitcoin. This increased volume has made it difficult for our bank to process the transactions smoothly and within a timely manner, which has created unnecessary delays for our global customers. This is especially so for those in the United States who are requesting wire transfer withdrawals from their accounts. We are currently making improvements to process withdrawals of United States Dollar (USD) denominations, and as a result are temporarily suspending cash withdrawals of USD for the next two weeks. Please be reassured that USD deposits and transfers to Mt. Gox will remain unaffected, as will deposits and withdrawals in other currencies, and we will be resuming USD withdrawals once the process is completed. We apologize for any inconvenience this causes our U.S. customers in the meantime, and look forward to resuming withdrawal service as well as debuting a dramatically improved trading engine which will be launching very soon.
Regards
Mt.Gox Co. Ltd Team.
Top Bitcoin News Last Week: Liberty Reserve, Seattle Mayor, Mt. Gox, and More
Bitcoin News
A roundup of the top Bitcoin news from May 27 to June 1:
Monday, May 27
Wednesday, May 29
Thursday, May 30
Friday, May 31
Saturday, June 1
Mt. Gox Forces Users to Verify Accounts After Government Crackdown
Mt. Gox Changes the Rules
Part of the excitement about Bitcoin is the enabling of anonymous transactions. But this capability also has caused some concerns amidst government crackdown on other anonymous exchanges, namely Liberty Reserve that has been accused of massive money laundering.
So Mt. Gox is Changing the rules. Going forward, all users must have verified accounts. Here’s the announcement.
Statement Regarding Account Verifications
The Bitcoin market continues to evolve, as do regulations and conditions of compliance for Mt. Gox to continue bringing secure services to our customers. It our responsibility to provide a trusted and legal exchange, and that includes making sure that we are operating within strict anti-money laundering rules and preventing other malicious activity.
As a result, beginning May 30th, 2013 all Mt. Gox user accounts are required to be verified in order to perform any currency deposits and withdrawals. Bitcoin deposits do not need verification, and at this time we are not requiring verification for Bitcoin withdrawals.
In the past two months Mt. Gox has invested in more than doubling our verification support staff, and we are currently able to process most verifications within 24~48 hours.
We apologize for any inconvenience this may cause. Please visit the Security Center in your Mt. Gox account if you are not already verified, and keep in mind that being careful to submit the proper documents will result in a much faster processing time.
Regards
Mt.Gox Co. Ltd Team.
