The Tokyo-based exchange, MtGox, is under severe cyber attack with hackers assessing its data 150,000 times per second. The bitcoin exchange has filed for bankruptcy protection in February. Reports say, it was hit with crippling distributed denial-of-service (DDoS) attacks. The hackers take control of multiple computers during the DDoS attacks and send a flood of data to the target through … [Read more...]
Bitcoin prospects in dark after $2.7 million heist
The last few days have been tough for Bitcoin as it suffered three setbacks one after another. The three top exchanges halted its withdrawals, a reported heist of $2.7 million and the exploitation of a flaw in the Bitcoin protocol all leading to a common question- Are the end-times coming to Bitcoin? Bitcoin is an experimental decentralized digital currency that enables instant payments to … [Read more...]
