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VIEW EVENT INFORMATION: Bitcoin |
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Bitcoin Is The New PayPal |
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About the organization Bitcoin: Type: Business Sub-Types: Website, Money Transferring Agent, Computer Software, Digital Currency, Cryptocurrency |
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Notable Organizations: Bitcoin, Techcrunch |
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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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