Last month the owner of Bitcoin arbitrage service Bitcoin Trader, John Carley, suddenly announced the service would be closed down, after which he disappeared into the ether.
Category: Investing & Trading
Last week Digiconomist featured an article on cryptocurrency exchange mcxNOW, which had lost 350 million Dogecoin due to failing to update to Dogecoin 1.8.
On October 20, 2014, cryptocurrency exchange mcxNOW announced that it had lost 350 million Dogecoins, worth about $85,000 today.
Compared to one week ago a single Bitcoin has lost around 14 percent of its value, allegedly due to the Alibaba IPO.
Among financial derivatives there are several instruments that may seem similar, but can potentially result in significant losses if not properly distinguished from each other.