Bitcoin 'Glitch' Sparks 23% Flash CrashZero Hedge
Mar. 13, 2013
FACT CHECK: Hillary Said 90% of Clinton Foundation Donations go to Charity. Actual Number? 5.7%
Jorge Ramos: "The Future of this Country Will be Composed Solely by Minorities," It's "Beautiful"
John Podesta Wasn't 'Hacked,' He Fell For An Email Phishing Scam
Illegal Immigrant Child Molester Flees Guatemala for U.S., Goes on Molestation Spree
Dem Rep. Sheila Jackson Lee Denounces 'Wikipedia' for Publishing Leaked Emails!
While we are used to seeing insta-crashes in our highly-regulated and trustworthy equity markets, the unregulated digital world of Bitcoins suffered another flash-crash last night. According to Ars Technica, the 23% plungefest in the value of the digital currency (the second in a week) was due not to Waddel & Reed, not HFT algos, but 'forking' Cryptographic algos gone wild agreeing on different (legacy) keys as being correct - akin to finding Tungsten in your Gold bars (and hence the drop in the value).