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Bitcoin trading volume has plummeted since news broke that the Department of Homeland Security issued a seizure warrant that stopped all activity between Dwolla and the Mt. Gox exchange. As of today, the 5-Day moving average of USD trading volume is at the lowest level in at least a year and a half (the data is a bit spotty beyond that), other than the last week in December 2012. In addition to total market volume declining, Mt. Gox is losing footing as the dominant player in the space. As of May 17, Gox was doing roughly 81% of total USD …
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May 22, 2013
Posted
Economics, General, News, Regulatory, Trading, Uncategorized
Tagged BTC, dhs, USD, volume
Comments 10
Dowlla is a payment system used by many bitcoin enthusiasts to transfer funds into and out of the largest bitcoin exchange, Mt. Gox. Dwolla just sent out the following email to users attempting to transfer funds to or from Mt. Gox: As of 12:13 PM on 5/14/2013: You’re receiving this notice because our systems have indicated that you’ve processed and completed a real-time Dwolla-to-Dwolla payment to Mutum Sigillum LLC (“Mt. Gox”) within the last 24 hours. Due to recent court orders received from the Department of Homeland Security and U.S. District Court for the District of Maryland, Dwolla is no longer …
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May 14, 2013
Posted
Businesses, News, Trading
Tagged Bitcoin, dhs, dwolla, legal, mt Gox, Note Dwolla, PM, Seizure Warrant
Comments 15