Bitcoin 'Glitch' Sparks 23% Flash CrashZero Hedge
Mar. 13, 2013
Germany: Migrants Gang-Rape 14yo Girl, Throw Her Out in the Cold - Show Up to Court 'Grinning'
MSNBC Asks Black Man to Watch Hillary Clinton Clip, Shows Him Fried Chicken Commercial Instead
Anthony Weiner Caught With His Pants Down, Once Again - Huma Seeks Divorce
Iceland: PBS News Celebrates Refugees "Diversifying Their Mostly White & Christian Nation"
Barbra Streisand Says She'll Move to an Even Whiter Country if Trump Wins
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).