Bitcoin Money – Mt. Gox Exchange To Resume Trading:
[Update3: Customers that have successfully reclaimed their accounts can now access the site and withdraw funds (within limits). Trading has been pushed back another 24 hours, to 15:00 UTC June 26th.]
[Update2: The exchange pushed back the time service would be resumed by another 12 hours. Login enabled at 15:00 UTC June 25th, one hour before trading begins.]
[Update: The exchange pushed back the time service would be resumed by 24 hours to 04:00 UTC June 25th. Also, Dwolla’s payment network will be offline for a few hours and for scheduled maintenance and that downtime happens to coincide with when Mt. Gox reopens.]
The Bitcoin exchange Mt. Gox has been processing account recovery requests and is about to resume trading.
Customer access to accounts will be re-enabled an hour prior to when trading will resume. Specifically, customers will be able to login at 03:00 UTC Friday Saturday [at 11pm on Thursday Friday, eastern U.S. time]. Funds can then be added and withdrawn immediately once logged in.
A post on Bitcoin Money explores possible outcomes and shares additional details disclosed by the exchange.
“There have been fears that many holding bitcoins […] will then cash out for good”.
Countering that pressure is the fact that many accounts were holding Mt. Gox USD funds […] and have no easy way to withdraw those funds except to buy bitcoins and then withdraw”.
“[Some who were waiting on Dwolla funds to arrive] could now represent a ‘pent-up-demand’ [and are now ready for the first time to buy bitcoins]”.
“The exchange will be running on a new trading backend”.
“An SMS-based security authentication feature will be forthcoming”.
– http://www.bitcoinmoney.com/post/6832382294
– https://claim.mtgox.com