03 Apr '13, 11pm

Surging Bitcoin plunges $30 after exchange outage, hack

Surging Bitcoin plunges $30 after exchange outage, hack

Bitcoin's value is up 500 percent in the past two months (click for larger image). (Credit: Bitcoincharts.com) The value of Bitcoin has been skyrocketing of late, gaining more than 50 percent in the last few days, but two unrelated events today knocked the virtual currency back down a bit. The peer-to-peer currency, which was languishing in the midteens in January, surged past $100 on Monday and was trading as high as $147 today before an hour-long outage at Mt. Gox, the world's largest Bitcoin exchange, pushed its value down to $115. The currency rebounded a bit to close at $123, a 500 percent increase in the past two months. Mt. Gox initially blamed the outage on a surge in trading volume that created a lag in trading and order cancellations. However, in a subsequent tweet , the exchange said it was experiencing a distributed denial-of-service attack. @binarybits @dksdan...

Full article: http://news.cnet.com/8301-1023_3-57577853-93/surging-bitc...

Tweets

Bitcoin Plunges By Nearly $30 As Largest Market Suffers Outage

Bitcoin Plunges By Nearly $30 As Largest Market...

mashable.com 03 Apr '13, 8pm

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businessinsider.com 03 Apr '13, 8pm

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Hack attacks hit Bitcoin value

Hack attacks hit Bitcoin value

bbc.co.uk 04 Apr '13, 11am

4 April 2013 Last updated at 11:28 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Hack...

Hack attacks hit Bitcoin value

bbc.co.uk 04 Apr '13, 11am

4 April 2013 Last updated at 11:28 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Hack...

Hack attacks hit Bitcoin value: Online services...

bbc.co.uk 04 Apr '13, 11am

4 April 2013 Last updated at 11:28 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Hack...

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pcworld.com 04 Apr '13, 12pm

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mukpin.com 05 Apr '13, 11am

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