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You are here: Home / Archives for Bitcoin

Bitcoin exchange MtGox hacked 150,000 times per second

March 10, 2014 Posted by Contributor

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...]

Filed Under: Business Tagged With: Bitcoin, Cyber attack, MtGox

Bitcoin prospects in dark after $2.7 million heist

February 16, 2014 Posted by Contributor

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...]

Filed Under: Business, Salt Lake News Tagged With: 2.6 Million, Bitcoin, Bitcoin protocol, decentralized digital currency, Hack, Silk Road, Silk Road 2.0, Theft

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