Problem 

Create a working prototype to fetch the bit-coin related information from MtGOX using its http API.  The prototype will then be integrated in an eCommerce application which will use bitcoins as a form of payment currency for its transactions.

Solution Provided 

The MTGOX query needs a nonce generated along with the key and secret key as part of the headers. The data is posted on the API url via curl in PHP and it generates a JSON response.  Some of the methods experimented with the API were getTrades, withdraw, info,ticker, bitcoin_tx.  The success and failure endpoint URLS were defined which captured the status of the transaction done while integrating the API.