Why Mt. Gox, the World’s First Bitcoin Exchange, is Dying

“Mt. Gox, owned by a company called Tibanne Ltd, was the largest bitcoin-fiat currency exchange from 2010 until last year. It started life in 2009 as a place for players of Magic: The Gathering to trade cards. Tibanne is run by Mark Karpeles, who acquired the exchange from founder Jed McCaleb in 2011.  In its four-year history, the pioneering exchange has suffered hacking attempts, DDOS attacks, and the same regulatory issues that have plagued other bitcoin businesses.  Along with technical issues, the glare of law enforcement’s spotlight since April 2013 has seen Mt. Gox’s US dollar market-share plunge from over 70% in April to about 19% now.”

http://www.coindesk.com/mt-gox-first-bitcoin-exchange-dead/

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