25 Apr '13, 6am

Mt. Gox delays plan to support virtual currency litecoin: Bitcoin exchange Mt. Gox has temporarily shelved p...

Bitcoin exchange Mt. Gox has temporarily shelved plans to support a competing currency, litecoin, the company said Thursday.Mt. Gox, which is the largest bitcoin exchange, has been battling ongoing distributed denial-of-service (DDoS) attacks that caused it to delay launching an exchange for litecoin, a lesser known virtual currency designed to improve on some of bitcoin's weaknesses.The Tokyo-based exchange said in a news release it was planning to support litecoin two weeks ago "but events derailed that plan. Right now we are focused on overall stability of the exchange and will launch LTC [litecoin] when we are ready. Otherwise we could be further complicating things."Bitcoin's price has seen dramatic swings since January, in part due to continued attacks that Mt. Gox believes are intended to manipulate its price. Attackers have conducted DDoS strikes on Layer 7, which ...

Full article: http://www.pcworld.com/article/2036340/mt-gox-delays-plan...

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