
Mt. Gox Statement Claims it Made Conscious Decision to Halt Transactions
The recent revelations regarding Mt. Gox have been attracting a lot of commentary from everyone other than the exchange itself. However, the troubled exchange has finally issued a brief statement, albeit one which is unlikely to reassure investors. It is now becoming apparent that Mt. Gox is about to make an announcement, and that it might be rebranded. However, a new brand identity is probably the least of its worries: for all intents and purposes, the exchange appears to be insolvent and defunct. Its latest statement reads: Dear MtGox Customers, In the event of recent news reports and....
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As expected, the Bitcoin Foundation has responded to Mt. Gox's claims this morning that a 'bug' in the bitcoin software is responsible for their halt of withdrawals, with a statement titled "Contrary to Mt. Gox's Statement, Bitcoin is not at fault" coming from Gavin Andresen. The statement opens up boldly: The issues that Mt. Gox has been experiencing are due to an unfortunate interaction between Mt. Gox's implementation of their highly customized wallet software, their customer support procedures, and their unpreparedness for transaction malleability, a technical detail that allows....
Following months of uncertainty & customer withdrawal difficulties, Cryptsy has revealed that it can no longer go on, in its current state. The digital currency exchange claimed in a blog post today that it was the target of a bitcoin wallet theft on July 29, 2014. The ‘critical event’, as Cryptsy deemed it, has the exchange alleging that 13,000 BTC, approximately, was stolen. The exchange also claimed a theft of 300,000 LTC, approximately. Cryptsy alleges the developer of Lucky7Coin behind the theft, claiming the developer placed an IRC backdoor with Trojan or command and control....
The Singapore-based cryptocurrency exchange Zipmex is the most recent in a line of crypto businesses to halt user withdrawals and transactions “until further notice.” Zipmex Halts Customer Withdrawals In light of the unstable market conditions, the cryptocurrency exchange Zipmex on Wednesday suspended users from withdrawing their cryptocurrencies. The exchange announced the decision on Twitter on […]
A blockchain and technology company claims its new bitcoin mining pool is embedded with tools that enable the pool to censure transactions in the blocks they mine. According to a statement issued by the DMG, the parent company to Blockseer mining pool, this ability allows the latter to “exceed” the compliance requirements of the U.S. Government’s Office of Foreign Assets Control (OFAC). The mining pool’s ability to filter or censor transactions means “high-risk wallets will not be included in Blockseer’s posted blocks.” Detailing the....
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