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One of the biggest Bitcoin Exchanges, MtGox, has gone offline.
The exchange has been hit by technical issues and recently halted all customer withdrawals of the digital currency after it spotted what it called "unusual activity".
The move is a setback for backers of Bitcoin, who have been pushing for greater adoption of the currency.
Meanwhile, six other major Bitcoin exchanges issued a joint statement distancing themselves from MtGox.Major Bitcoin Exchange, Mt. Gox, Goes Offline [bbc.co.uk]
Ibill, the Dollar is at least backed by the full faith and credit of the U.S. (Such as it us).
Bitcoins are backed by 1's and 0's.
The problem with BitCoin is the government doesn't like it when the people take power away from the government and currency control is a means of controlling the population.
enshrined in law and offer some form of protection from "sorry all your money is gone"
history has proven that most traditional financial institutions TEND to be fairly safe over the long haul.
Flexcoin, famous for making bitcoin banking as easy as regular banking, is no more. The company shut its doors on Tuesday morning after hackers stole 896 bitcoins (nearly $620,000) from its vault on Sunday. And the most unsettling thing? That wasn't even the only bitcoin heist last weekend.