I never paid a lot of attention to Bitcoin, but the press lately has been all downhill and today isn’t any better with Bitfloor closing its doors. There is no true reason why but since they admit their bank account was closed one can safely assume last week’s crash put the final nail in Bitfloor’s coffin, to use an ironic virtual metaphor.

The Bitfloor website simply reads:

"I am sorry to announce that due to circumstances outside of our control BitFloor must cease all trading operations indefinitely. Unfortunately, our US bank account is scheduled to be closed and we can no longer provide the same level of USD deposits and withdrawals as we have in the past. As such, I have made the decision to halt operations and return all funds.

Over the next days we will be working with all clients to ensure that everyone receives their funds. Please be patient as we process your request.

- Roman
founder - bitfloor.com"