The second largest Bitcoin exchange is shutting down (possibly to reopen elsewhere).
Bitcoin experienced a rough night on Monday as TradeHill, the second-largest Bitcoin exchange, announced that it was closing its doors. In a statement, CEO Jered Kenna cited regulatory problems and the loss of $100,000 in a dispute with one of its payment processors as major factors in the decision. He has pledged to open a new site once these issues have been resolved.
So apart from the problems with Bitcoins, it turns out the security and marginal attractions of the construct are a little tarnished too.
Makes on feel all warm and fuzzy inside, nè?