Tech Today w/ Ken May

On Wednesday evening, Bitfloor , the number four Bitcoin-based exchange (behind Mt. Gox, BTC-E, and Bitstamp) announced that it is closing its doors “indefinitely.” “Unfortunately, our US bank account is scheduled to be closed and we can no longer provide the same level of [US dollar] deposits and withdrawals as we have in the past,” wrote Roman Shtylman , the exchange’s founder. “As such, I have made the decision to halt operations and return all funds. Over the next days we will be working with all clients to ensure that everyone receives their funds. Please be patient as we process your request.” Ars reached out to Shtylman to find out more details, but he did not immediately respond. Read 2 remaining paragraphs | Comments

See the article here:
Bitfloor, number four Bitcoin-based exchange, shuts down for good

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