Earlier this week, Mt.Gox suspended all Bitcoin withdrawals from the site, citing vulnerabilities to the “transaction malleability” glitch, preventing customers from removing their funds from the site. Today, the Tokyo-based exchange took things a step further, blocking all deposits and internal transfers for a “short site maintenance update.” From the Mt.Gox press release: In order…
Not all that long ago, Mt.Gox was the center of the Bitcoin world. It was the first major exchange to handle the virtual currency, and the largest by volume until last year. After a year-long series of blunders and one massive recent catastrophe, however, the users are fleeing the site in droves. The tech press…
It’s been a bad week for Mt.Gox. Once the largest and best-known Bitcoin exchange, the Tokyo-based trading center has been besieged by complaints and criticism following the exposure of a weakness in their code that fails to properly compensate for the “transaction malleability” bug, first revealed in 2011. Shortly after that revelation, Mt.Gox suspended currency…
Following an already rough week of falling prices, Forbes reports that Bitcoin suffered another blow yesterday after the detection of a “massive and concerted” distributed denial of service (DDoS) attack on the block chain and related software. The attack focuses on a vulnerability known as “transaction malleability,” which allows records of transactions to be changed,…
The price of Bitcoin is still recovering this week after BTC China, the country’s largest Bitcoin exchange, stopped accepting deposits in Chinese yuan. The drop in the currency piggybacked on the downward trend seen after the People’s Bank of China issued a partial ban on the virtual currency on December 5, prohibiting financial institutions from…