Thursday, 12 Dec, 2024

European Union

Over $170 billion wiped off cryptocurrencies as market tanks on Mt. Gox bitcoin payout fears

<p><strong>Cryptocurrencies plunged on Friday as investors focused on the payout of nearly $9 billion to users of collapsed bitcoin exchange Mt. Gox.</strong></p> <p>As of 10:50 a.m. London time, bitcoin&rsquo;s price slumped nearly 6% in 24 hours to hit $54,500.53, marking the first time it&rsquo;s traded