Good News and Bad News — Bitcoin Exchanges Hacked, Closed and Vanished, Oh My

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November 13, 2013 — The Philippines — MadBitcoins: The Choice Is Yours. Here are Today’s MadBits: Bitcoin prices continue to climb with Coindesk BPI reporting a Last of 3, a High of 3, and a Low of 9. — Mt. Gox prices have broken 0 with a high of 9. Litecoin is down slightly to and 78 cents.

Today’s episode is about Good News and Bad News. The Bad News as I’m sure you’ve already heard is the destruction caused by the Typhoon in the Philippines. The Good News is that you can help. Bitcoin to the rescue! Fr33aid.com has partnered with Bitcoin Not Bombs and has agreed to match all donations at a 1:1 level until we reach our goal of 10 Bitcoins. When the Bitcoin Aid to the Philippines project started yesterday they had about 13 donors who had raised about 3 bitcoins. Now those numbers have more than doubled, thanks to your help, with over 44 donors raising a massive 6.3 bitcoins (now thanks to Bitcoin breaking 0 worth over ,500 dollars!) — Please donate to help the people of the Philippines. Even a little bit helps. And if you can’t donate, please spread the link to the campaign on facebook and twitter and ask your friends to help. Together, we can do great things.

And now more bad news….

1.) A Bitcoin Exchange Holding .1 Million Dollars for more than 1,000 Customers Has Simply Vanished
http://www.businessinsider.com/bitcoin-exchange-gbl-holding-41-billion-vanishes-2013-11

2.) Bitcoin stock exchange BitFunder announces closure
http://www.coindesk.com/bitcoin-stock-exchange-bitfunder-announces-closure/

3.) Czech bitcoin exchange Bitcash.cz hacked and up to 4,000 user wallets emptied
http://www.coindesk.com/czech-bitcoin-exchange-bitcash-cz-hacked-4000-user-wallets-emptied/

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8 COMMENTS

  1. I understand Business Insider getting it wrong, but I really thought you would have known that the Bitcoin bank was not called "TradeFortress"… The Bitcoin bank was Inputs.io and it was run by TradeFortress. Shame on you! (:P)

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