26 Apr '13, 9am

Study: 45 percent of Bitcoin exchanges end up closing

Study: 45 percent of Bitcoin exchanges end up closing

One of those is Mt Gox, the largest Bitcoin exchange, with Moore and Christin stating that at its peak it handles more than 40,000 Bitcoin transactions a day, compared to a mean average of 1,716. It has been the victim of a huge number of distributed denial-of-service (DDoS) attacks over the past month during the peak of the Bitcoin bubble (and its subsequent bursting -- though the price now appears to be rising again). Its latest statement , dealing with the attack it suffered on 21 April, is long and comprehensive, seeking to assuage the fears of Bitcoin users who feel that Mt Gox is becoming a weak chain in Bitcoin's infrastructure.

Full article: http://www.wired.co.uk/news/archive/2013-04/26/large-bitc...

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