An infographic shows how to become a Bitcoin trader and get started with trading in the cryptocurrency.
| Getty Images/Business Insider The world’s largest Bitcoin exchange, Mt.
Gox, has announced that it will shut down on Monday after over 300,000 bitcoins were lost to hackers.
The exchange, which operated in Japan, Europe, and the United States for over a year, had been plagued by security issues, and it was not known who was behind the thefts.
It has been a difficult time for many people in the Bitcoin community as the digital currency has fallen by the wayside, with a number of exchanges shutting down.
But now, the loss of the exchange has sent the price of the virtual currency soaring and caused Bitcoin to lose its value.
Gox, a Japanese exchange, reported that it had lost $1.4 billion of its $6.5 billion in assets over the past month.
As of Wednesday, MtGox had $6,400,926 in cash.
MtGoxy, the largest Bitcoin wallet provider, reported the same amount, with $4,800,000 in cash on hand.
Mtgox CEO Mark Karpeles said that he believes the thefts are “part of a broader global trend.”
The company has reported that there are about 3.6 million bitcoins in circulation, which means that about 6 million people use the cryptocurrency on a daily basis.
The majority of the bitcoins are in digital form, but there are also some bitcoins stored in hardware wallets that can be exchanged for bitcoin.
Mt Gox is a Japanese company, so the loss was a blow to its Japanese customers.
MtGOX, the world’s second-largest Bitcoin exchange after MtGos, reported a loss of $1 billion.
The company said that the theft could affect more than 2.5 million users, many of whom are Japanese.
MtGoX was founded in 2013, and was known for being a bitcoin wallet provider.
The platform offers bitcoin trading and storage, and is the world leader in digital currency trading.
MtgoX reported a total loss of about $1,000 million in cash, which is approximately 1.3% of its total assets.
The loss came in just days after Mt.GOX announced a $300 million buyback program.
Bitcoin has fallen dramatically in value in recent weeks, as investors have begun to panic about the possibility of a cyber attack on the currency.
Earlier this month, the price plunged below $300 per bitcoin, and even below $30 in some cases.
The recent losses have led to a surge in demand for the digital coin.
On Tuesday, MtGOx reported that the company sold its $1 million balance on its platform, and also reported that over 5,000 of its customers bought more than $5,000 worth of bitcoins in the past 24 hours.
MtKox, another Bitcoin wallet and exchange, announced that they were suspending operations on Monday.
It also announced a temporary ban on trading for users with deposits over $500.
A few days ago, the exchange also reported a $1-million loss.
The price of Bitcoin is now trading at $9,813, according to CoinMarketCap.
MtGBox, the third-largest exchange, has reported a significant loss.
Its total loss, as of the end of Tuesday, is $2.2 billion, and has raised concerns that the platform could be shut down.
A number of other major Bitcoin exchanges, such as Kraken, BTC-e, and MtGO are also reported to be shuttering soon.
However, Bitcoin has become one of the most popular digital currencies, with the cryptocurrency reaching record highs in June.
The Bitcoin price is up over 10,000% in 2017, according the cryptocurrency website CoinMarketcap.com.