So Aurumxchange has gone bang! Surprise surprise!

[bradbrad]

With the large price difference in BTC between MtGox and Bitstamp (and I see this getting much bigger and quickly), I was looking at some ways of transfer BTC to MtGox, Selling it, and getting the USD back to BitStamp so buy back and make a couple of coins, so went to check out Aurumxchange and bang, as of today they are "discontinuing operations"...

Personal opinion... matter of time before MtGox goes bang too. Right now just have to figure out how to take advantage of this massive gap!

[Matthew N. Wright]

AurumXChange didn't exactly have a reputable owner last I checked. Click the link in my signature, CTRL + F search for "AurumXChange".

[N12]

Seems to me the entire Bitcoin infrastructure is going kaboom one by one. There was a big story on bitspend yesterday too.

[empoweoqwj]

Seems to me the entire Bitcoin infrastructure is going kaboom one by one. There was a big story on bitspend yesterday too.

Its a shake-out that had to happen. There were far too many cowboys in the bitcoin wild west.

It will cause uncertainty for the next year or so. But it was inevitable. Hang on to your hats.

[gidi337]

ok it a few service companies may collapse

but bitcoin will still be strong as it is decentralized and therefore there will always be demand for it since government cannot ban it.

it can only block bank accounts and places that store your physical money.

[Nova!]

Others will come up to replace them.

[Looser by Choice]

Does anybody know or care what was the real reason?

[moni3z]

Does anybody know or care what was the real reason?

Probably they lost all their money when Liberty Reserve went under, combined with the strict fincen rules wacky Americans now enforce worldwide, plus banks dropping exchangers and not wanting anything to do with bitcoin = bankrupt

[chufchuf]

nothing to do with mtgox, banks, USSA or bitcoin, they were just exposed to LR and tecnocash. how anyone would want to stay in business after those two crash and you depend on them so much is insurmountable