Thanks to the exit of e - wallet service Paxum , and a $ 100,000 fraud incident , trading has been suspendedat TradeHill , a Bitcoin exchange site that mostly played 2d - fiddle to the more salient Mt. Gox .
In a blog post , the Chile - based society sketch their reasons for stop trading and returning funds to customers , fundamentally saying that in summation to the other factor , ordinance has made the toll of transaction licensing too pricey . As for the fraud :
Everyone at TradeHill has also been working without pay for several month after one of our defrayment processors move out over $ 100,000 dollar from our account without placard . We decided to spread over this going for now instead of passing it on to our customer and are hire effectual natural process against the CPU .
Bitcoin , of course of instruction , was being defend around the net last yr as the future tense of currentness ; one that was n’t tied to any nation , or government , or corporation , or physical object . After trading at a price over 30 USD , security outlet began to protrude up , highlighted by the hacking of Mt. Gox , which leave the site to freeze all trading and ramble back the timeline of events . The Leontyne Price of Bitcoin eventual fell to a much lower Mary Leontyne Price , which severely stifle the amusing small experiement .
TradeHill says it ’s not completely down for the count , and promise to relaunch with Bitcoin.com , but forgive me if I stay a turn skeptical of that ever happening . [ TradeHillviaBetaBeatviaThe Verge ]
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