Author Topic: BitFloor, Largest U.S. Bitcoin Exchange Shuts Down  (Read 5463 times)

MrTempler

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BitFloor, Largest U.S. Bitcoin Exchange Shuts Down
« on: April 19, 2013, 01:04:32 AM »
The recent Bitcoin rollercoaster ride has come to an end for one exchange.

Bitcoin exchange BitFloor announced Wednesday it is closing its trading operations and plans to return its remaining funds to its users.The New York-based exchange, which specialized in trades of the digital peer-to-peer currency, announced the closure with a note on its home page penned by its founder, Roman Shtylman:
Quote
I am sorry to announce that due to circumstances outside of our control BitFloor must cease all trading operations indefinitely. Unfortunately, our US bank account is scheduled to be closed and we can no longer provide the same level of USD deposits and withdrawals as we have in the past. As such, I have made the decision to halt operations and return all funds.Over the next days we will be working with all clients to ensure that everyone receives their funds. Please be patient as we process your request.
This closure marks the apparent end for the troubled exchange, which temporarily suspended operations last September after the theft of 24,000 BTC. At the time, Bitcoin was trading for $10.40, making the virtual heist's score worth nearly a quarter of a million dollars.

Established in 2009, the decentralized currency has had its ups and downs in recent years. Trading as low as $2 a Bitcoin in late 2011, the virtual currency has experienced meteoric valuation growth and dramatic drops in the past four weeks. After trading as high as $260, Bitcoin experienced a steady streak of daily declines; the currency is currently trading at $90 on the Mt. Gox exchange, off its lows of $50.

The closure also comes a little more than a week after a New York-based startup announced that it had completed a seed round of financing totaling $500,000 to launch a Forex trading platform that will allow investors to short the Bitcoin market.
« Last Edit: January 01, 1970, 01:00:00 AM by Guest »
Bitcoin Mining is now a Real-World Environmental Problem
Swiftcoin is the Best Alternative

mayrick

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Re: BitFloor, Largest U.S. Bitcoin Exchange Shuts Down
« Reply #1 on: April 26, 2013, 05:32:23 PM »
Hello  MrTempler,
Roman Shtylman wrote that "the exchange of U.S. bank account is expected to be closed and we can not offer the same level of USD deposits and withdrawals we have done in the past."
« Last Edit: January 01, 1970, 01:00:00 AM by Guest »

queshadesta

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Re: BitFloor, Largest U.S. Bitcoin Exchange Shuts Down
« Reply #2 on: May 04, 2013, 09:00:00 PM »
this is what happens when an economic shift is introduced where only few benefit. Same thing happened in Russia, and look what happened to their economy.
« Last Edit: January 01, 1970, 01:00:00 AM by Guest »

queshadesta

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Re: BitFloor, Largest U.S. Bitcoin Exchange Shuts Down
« Reply #3 on: May 04, 2013, 09:02:21 PM »
this is what happens when an economic shift is introduced where only few benefit. Same thing happened in Russia, and look what happened to their economy.
« Last Edit: January 01, 1970, 01:00:00 AM by Guest »

andyreynolds

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BitFloor, Largest U.S. Bitcoin Exchange Shuts Down
« Reply #4 on: August 26, 2013, 09:40:32 PM »
Lamentable este tipo de problemas con la Bitcoin, pero esos problemas como con cualquier otra es normal.

andyreynolds

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Re: BitFloor, Largest U.S. Bitcoin Exchange Shuts Down
« Reply #5 on: September 03, 2013, 04:21:10 PM »
That things happens in any place of the world, for bitcoin or swiftcoin its normal, it is not a catastrophe

andyreynolds

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Re: BitFloor, Largest U.S. Bitcoin Exchange Shuts Down
« Reply #6 on: September 04, 2013, 09:50:45 PM »
Its very normal if this appears at the beginin, there are some things to correct like in all new things, I trust in bitcoin and swiftcoin softwares

andyreynolds

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Re: BitFloor, Largest U.S. Bitcoin Exchange Shuts Down
« Reply #7 on: September 05, 2013, 05:10:17 PM »
Each software or application launches new versions enhanced as quick as they can get improvements, swiftcoin and bitcoin goes in an exellent trend

andyreynolds

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Re: BitFloor, Largest U.S. Bitcoin Exchange Shuts Down
« Reply #8 on: September 10, 2013, 01:39:03 AM »
Yes we can eye the way that works these kind of ecurrency, im admired of the progress and work developed by swoftcoin

mayrick

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Re: BitFloor, Largest U.S. Bitcoin Exchange Shuts Down
« Reply #9 on: September 23, 2013, 01:30:12 AM »
Hmm this is why I trust platforms like Swiftcoin and the FNIB. They bring a lot more security.

mayrick

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Re: BitFloor, Largest U.S. Bitcoin Exchange Shuts Down
« Reply #10 on: October 02, 2013, 03:59:07 AM »
Anyways, every platform or company has advantages and disadvantages or ups and donws. We just make sure to use the best for us.