Bitstamp - buy and sell bitcoins Login Area Friday, August 5th, 2011 From the desk of Tom Williams, operator of MyBitcoin.com For immediate release. After careful analysis of the intrusion we have concluded that the software that waited for Bitcoin confirmations was far too lenient. It appears to be human error combined with a misunderstanding of how Bitcoin secures transactions into the next block. In hindsight we should have credited deposits after one confirmation so they would show up in the transaction history, and held the deposit until it reached at least 3 confirmations. We are in the process of building a claim procedure for the remainder of the holdings now. The claim process will consist of a online form where the claimant will be required to enter their MyBitcoin username and password. Each online claim will be written to a ledger and will be manually approved within 48 hours of being filed online. Tom Williams
After Crackdown, a New Bitcoin King Emerges in China | Wired Enterprise BTC China CEO Bobby Lee. Photo: BTC China Back in October, we marveled that a then-unknown company named BTC-China had suddenly become the world’s most popular Bitcoin exchange, helping to push the value of the digital currency over $200. But less than three months later, Bitcoin prices have quadrupled, and there’s a new top dog in China: another virtually unknown company called Huobi. At the moment, Bitcoin is the Wild West of international finance — an international peer-to-peer network of computers that, as a whole, lies out of the reach of any one country’s regulation. Big Chinese businesses that were warming up to Bitcoin, such as search giant Baidu, suddenly dropped it. It appeared that the government was going to make it tricky, if not impossible, to fund Bitcoin exchange accounts. While the Central Bank guidelines made things more difficult for Bitcoin businesses, they did not outlaw the currency altogether. How long Huobi will be able to stay on top, however, is unclear.
flexcoin | the bitcoin bank - Bitcoin Bank - Access Bitcoins from Anywhere Mt. Gox Mt. Gox was a bitcoin exchange based in Tokyo, Japan. It was launched in July 2010, and by 2013 was handling 70% of all bitcoin transactions. In February 2014, the Mt. Founding In July 2010, McCaleb read about bitcoin on Slashdot, and decided that the bitcoin community needed an exchange for trading bitcoin and regular currencies after writing an exchange website, he launched it while reusing the spare mtgox.com domain name. Logarithmic scaled bitcoin price history in USD on the Mt. He sold the site to Mark Karpeles in March 2011, saying "to really make mtgox what it has the potential to be would require more time than I have right now. 2011 On 19 June 2011, a security breach of the Mt. In October 2011, about two dozen transactions appeared in the block chain (Block 150951) that sent a total of 2,609 BTC to invalid addresses. 2013 By April 2013 the site had grown to handle 70% of the world's bitcoin trades. With prices increasing rapidly, Mt. Mt. Mt.
Bitcoin Armory | Bitcoin Monitor BTC.re - Regarding Bitcoin, BTC/USD Arbitrage, BTC Investment, Trading Hints, Mining profit calculator China's Google Is Now Accepting Bitcoin China's largest search service, Baidu, announced it would now accept bitcoin for its Jaisule service from the 14th of October. Jaisule is the firm's firewall and DDOS protection service. The service essentially protects websites from malicious attacks that attempt to crash it by overloading it with external communications requests so that it cannot respond to legitimate traffic. A similar US-based service is Cloudflare. With a market cap of over $50 billion, the company may be the largest one yet to accept payments in bitcoin. The crypto currency has made impressive recent strides toward going mainstream, with bitcoin ATMs and grilled cheese trucks popping up in Canada and content management system Wordpress accepting payments in Bitcoin. And it comes as law enforcement ramps up crackdowns on illicit Bitcoin-based groups like Silk Road. Bitcoin has basically made up the value it lost in the wake of Silk Road's seizure and now stands at about $150 on the Mt.