Bitcoin exchange Bitstamp suspends service after security breach

Bitstamp, one of the largest exchanges for trading the digital bitcoin currency, said it has temporarily suspended service after "some" of its "operational wallets were compromised" on Sunday, resulting in loss of about 19,000 bitcoins.

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Bitcoin derivatives platform BTC gets funding from Seedcoin

Bitcoin derivatives trading platform has secured funding from Seedcoin Fund, Chief Operating Officer George Samman told Reuters on Tuesday.

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Mt Gox remains closed while rival Bitcoin exchanges resume withdrawals

Bitstamp and BTC-E paused Bitcoin withdrawal from their exchanges starting last week because of a potential glitch but have already resumed withdrawals while Mt Gox, the biggest Bitcoin exchange, still remains closed until now.

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New German digital currency XNF is backed by gold and silver

Germany-based new digital currency NoFiatCoin (XNF) is backed by gold and silver bullion to give digital currency the added security of the value of precious metals, in case the everything goes down.

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Protocol flaw, exchange shutdown, and $2.7M heist prompt speculations about Bitcoin's end

With Bitcoin encountering a series of problems lately, including withdrawal halting of exchanges, a $2.7 million heist, and a flaw in the Bitcoin protocol, speculations abound that the Bitcoin is coming to an end soon.

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Bitstamp suspends processing withdrawals after denial-of-service attack

The biggest Bitcoin exchange Bitstamp has temporarily halted processing withdrawals because of a denial-of-service attack but assured users that no funds have been compromised, TechCrunch reported.

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Bitcoin's USD1000 mark on Mt Gox signals windfall for early investors

A report by the Washington Post noted that Bitcoin's increasing trade value would benefit early investors like Bitcoin lead developer Gavin Andresen and the Winklevoss brothers.

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