Bitcoin 'Glitch' Sparks 23% Flash CrashZero Hedge
Mar. 13, 2013
Fmr CIA Director John Brennan Calls For Coup If Trump Fires Robert Mueller
The Purge: White House Edition
NY Times Reporter Accuses White Women of Having 'Racist' Walking Habits
Assange: 'CIA Not Only Armed Syria's Insurgents--It Paid Their Salaries'
FBI 'Seized Smashed Hard Drives' From Wasserman Schultz's Pakistani IT Guy's Home
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).