Report suggests transaction malleability did not bankrupt MtGox Did MtGox truly fall due to transaction malleability? According to a report by researchers at ETH Zurich University in Switzerland, transaction malleability may only account for an insignificant 386 bitcoins lost by MtGox. Christian Decker and Professor Roger Wattenhofer, both from the university’s Distributed Computing Group (DCG) Continue reading “Report suggests transaction malleability did not bankrupt MtGox”
Tag Archives: bitcoin
Micro transactions or Bitcoin Dust
Micro transactions or Bitcoin Dust Dust transactions are bitcoin transfers which deliver very tiny amounts of bitcoin to their receiver. These micro transactions are considered as uneconomic dust. Bitcoins are divisible Bitcoins are divisible up to eight decimal points with the lowest value known as a satoshi. This is indeed true, and will remain Continue reading “Micro transactions or Bitcoin Dust”
Vircurex halts withdrawals and freezes accounts
Vircurex halts withdrawals and freezes accounts Beijing-based Bitcoin and altcoin exchange Vircurex has made an announcement that they have stopped withdrawals for Bitcoin (BTC), Litecoin (LTC), Feathercoin (FTC) and Terracoin (TRC). All incoming deposits will also not be credited at the time being. On March 24th the exchange will freeze the current BTC, LTC, FTC Continue reading “Vircurex halts withdrawals and freezes accounts”
US lawyers not convinced with MtGox wallet discovery
US lawyers not convinced with MtGox wallet discovery Tokyo-based now-defunct exchange MtGox announced yesterday that it has found an old format Bitcoin wallet containing 200,000 Bitcoins ($111 million at press time) presumably lost due to a security flaw in their software. This amounts to roughly 23 percent of total Bitcoins reportedly lost. However, Chris Continue reading “US lawyers not convinced with MtGox wallet discovery”
BTC-e allows fund withdrawals to Visa or MasterCard from any country
BTC-e allows fund withdrawals to Visa or MasterCard from any country BTC-e has just announced on their site that they are allowing withdrawal of funds to Visa and MasterCard issued debit and credit cards with immediate effect. The news update indicated that the new withdrawal option would be available to customers “in any country Continue reading “BTC-e allows fund withdrawals to Visa or MasterCard from any country”
MtGox still in possession of 200,000 Bitcoins
MtGox still in possession of 200,000 Bitcoins Troubled and now-defunct Japan-based exchange MtGox released a PDF in Japanese and English indicating that 200,000 Bitcoins were recovered. The 200,000 Bitcoins would roughly sum to around 23 percent of the total fund presumably lost by the company as claimed in their civil rehabilitation proceedings. As reported Continue reading “MtGox still in possession of 200,000 Bitcoins”
Huobi exchange in China starts Litecoin trading on 19th March
Huobi exchange in China starts Litecoin trading on 19th March With Huobi getting ready to accept Litecoin on 19th March, the price of Litecoin took a sudden leap on BTC-e today. A company user survey has shown that there is an estimation of 20 percent of Bitcoin investors in Huobi also holding funds in Continue reading “Huobi exchange in China starts Litecoin trading on 19th March”
Japanese Bank Mizuho added as defendant in MtGox lawsuits
Japanese Bank Mizuho added as defendant in MtGox lawsuits U.S. lawsuits against now-defunct Bitcoin exchange, MtGox has added one of Japan’s three largest banks, Mizuho Bank Ltd as a defendant. The suit accused MtGox for defrauding customers and Mizuho has aided by providing banking services and allowing the troubled exchange to continue defrauding its customers. Continue reading “Japanese Bank Mizuho added as defendant in MtGox lawsuits”
Bitcoin ATM launched in Hong Kong
Bitcoin ATM launched in Hong Kong Just one week after Singapore launched its first Bitcoin ATM, Hong Kong has finally gotten its first few Bitcoin ATMs as well. The first ATM has been installed at Mr Bing, a Chinese pancake restaurant in the central part of the city. The ATM which functions more like Continue reading “Bitcoin ATM launched in Hong Kong”
Xapo raises $20 million for secure Bitcoin cold storage
Xapo raises $20 million for secure Bitcoin cold storage With the dust settling after one of the largest trading platform for Bitcoin, MtGox closed, losing over $400 million, startups like Xapo still back the currency. Xapo which is a California-based Bitcoin security company has raised $20 million in funding led by venture-capital firm Benchmark, Continue reading “Xapo raises $20 million for secure Bitcoin cold storage”