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.
Bitcoin derivatives trading platform BTC.sx has secured funding from Seedcoin Fund, BTC.sx Chief Operating Officer George Samman told Reuters on Tuesday.
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.
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.
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.
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.
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.
Subscribe to VCpost newsletter
- Amazon Removes Venmo as Payment Method, Causing PayPal Shares to Drop
- Vladimir Putin: Russia Becoming 'New Global Growth Center' Despite Western Isolation
- AMD Shares Rise After it Unveils New AI Chips to Compete with Nvidia
- Elon Musk Trashes Bob Iger, Says Disney CEO Should Be 'Fired Immediately'
- Uber Shares Jump After the Ride-Hailing Company Picked to Join the S&P 500 Index
- McDonald's First CosMc’s Spinoff Restaurant to Open This Week in Illinois
- Federal Reserve Chair Jerome Powell Downplays Rate Cut Talk, Says More Rate Hikes Still Possible
- Saudi Arabia Offers 30-Year Tax Exemption Package for Foreign Companies