VIEW EVENT INFORMATION: Bitcoin
Bitcoin Is The New PayPal
FEB
20
Status: Available Now!
Type: News
Date: Thursday 20 February 2014, 12:00 AM
Media: Techcrunch

SOURCE
About the organization Bitcoin:
Type: Business
Sub-Types: Website, Money Transferring Agent, Computer Software, Digital Currency, Cryptocurrency
Notable Organizations: Bitcoin, Techcrunch
It’s been a bad month for Bitcoin. On February 7, Mt.Gox — the once-popular exchange that hosted 80 percent of the world’s Bitcoin trades — informed users that they were temporarily halting withdrawals of the popular electronic currency from their service due to a technical problem called transaction malleability. This technical flaw allowed fraudsters to manipulate the unique ID of a Bitcoin transaction. They could make it appear as if the withdrawal never happened even though they would still receive the funds.
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