It is becoming impossible to trust any Bitcoin exchange and this will undermine the share price.
Bitcoin mining is environmentally insane when you think about it - huge amounts of electricity spent do generate a number that happens to be worth something........ madness.
This time Flexcoin — which called itself a Bitcoin bank — has announced that it's going out of business after a huge theft that has wiped it clean.This is the announcement. There's no sugarcoating it. Somehow all the Bitcoins were just taken.