US seizes 2.9 million dollar venture to compete in the world's largest bitcoin exchange

Sina Science and Technology http://www.aliyun.com/zixun/aggregation/17197.html "> Beijing time August 21 Morning News, the U.S. federal Court revealed the latest documents, The U.S. Department of Homeland Security seized more than $2.9 million trillion this year when it seized an account in the world's largest Bitcoin trading market, Mt.Gox, in May.

The account is controlled by a Third-party payment platform called Dwolla, which functions like PayPal. The total amount of 2,915,507.40 funds belongs to the U.S. subsidiary of Tokyo Mt.Gox Company Mutum Sigillum. This matter to the development of the bitcoin industry far-reaching, although the seizure of information has been exposed before, but the specific amount is disclosed after the court documents are known to the outside world.

It is not clear what the financial situation will be. The attorney general's office and Mt.Gox in Maryland did not respond.

The US government decided to seize the account because Mt.Gox's boss, Mark Karpeles, concealed the fact that he had opened the account to operate the transfer business. Mark Capelles Capelles later said Mt.Gox complied with federal and state financial regulations.

At the same time, this action also has a very significant impact, because through Dwolla to Mt.Gox payment is the most convenient way for us to buy and sell Bitcoin. Although Mt.Gox continues to deal with the Americans after the account has been seized, the pace has slowed and often stops halfway.

Mt.Gox said the slowdown was due to technical reasons and the company had adopted new technologies to improve performance. But in recent months, the company's position as the world's largest bitcoin exchange is facing a challenge from its new rival, Bitstamp.

Other startups have also been exposed, promising to provide users with a more friendly bit-currency trading experience. For example, venture capitalists Frede Wilson (Fred Wilson) supports Coinbase.

While it is still argued that Bitcoin is a fad, entrepreneurs have started to develop new businesses through the virtual currency, including ATM machines that can cash in banknotes directly.

Bitcoin's unit value has stabilized at around 110 dollars in recent months.