Penny Stocks Author Warns About Bitcoin

Penny Stocks Author Warns About Bitcoin

Feb 28, 2014

Leeds is yet another misinformed “expert” spouting off why Bitcoin is doomed. His babbling shows his limited knowledge of the subject matter.  It befuddles me on how so many financial exports are so off base with their opinions on Bitcoin.  Perhaps he has a counter agenda?  Penny stocks, maybe?  Good grief what a racket the pennies are!  I always...

See what we found on Mt. Gox’s Website…

Seems the webmaster for MtGox knows something we don’t.  Bitcoin Coach Brett Combs inspected the source code of the blank page currently displayed on www.mtgox.com.  He found a comment that the webmaster left in code that provides an important clue on their next step perhaps… <html> <head> <title>MtGox.com</title>...

MtGox shuts down amid rumors of massive $300 million hack

MtGox shuts down amid rumors of massive $300 million hack

Feb 25, 2014

It is very difficult to believe that a $300 million dollar hack actually went unnoticed by MtGox and its customers.  With proper controls in place this sort of movement of currency should have set off all sorts of alerts and customer complaints even if the hack occurred over a long period of time.  Customers would have been clamoring loudly on the user forums...

Mt. Gox Has Halted Trading… Right In The Middle Of An Unconfirmed Crisis

Mt. Gox Has Halted Trading… Right In The Middle Of An Unconfirmed Crisis

Feb 24, 2014

We have been quietly discussing and debating that MtGox might be insolvent and the continued withdrawal delays were created by them scrambling to find a potential buyer or accumulate Bitcoin to meet withdrawal demand that will occur when and if they allow withdrawals to commence.  It appears we might be right and the next 24 hours will be telling.  Others are...

Bitcoin Prices Spike Over 150% at MtGox on Withdrawal Rumors

Bitcoin Prices Spike Over 150% at MtGox on Withdrawal Rumors

Feb 22, 2014

The old adage of buy the rumor and sell the news is alive and well with Mt Gox.  Bitcoin Coach Brett Combs believes the  activity was possibly insider trading as there was no news our announcements from Mt. Gox to really explain the 30 minute price spike. See a recent post for ForexNews that explains the theories behind the price movement today… Bitcoin...