A major bitcoin exchange has apparently gone bust after racking up catastrophic losses. Other companies that trade in the virtual currency said Tuesday that the website of Mt. Gox, a Tokyo-based exchange, had disappeared, possibly causing hundreds of millions of dollars worth of losses.
Bitcoin enthusiasts were quick to call the incident an isolated case, and a variety of retailers have recently said they will accept bitcoin as payment, from Overstock.com to a Long Island bakery.
On bitcoin exchanges, the unregulated currency's value has ranged from $1,200 per bitcoin three months ago to $470 Tuesday.
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