17 Feb '14, 11am

Mt. Gox: Bitcoin Withdrawals Will Resume Soon

Mt. Gox: Bitcoin Withdrawals Will Resume Soon

Mt. Gox has issued an official statement saying it has found a workaround for its bitcoin transaction malleability problems, which will see bitcoin withdrawals resume “soon”. This comes after the team worked over the weekend to begin implementation of a new transaction system. It said the workaround was “thanks to our friends at Blockchain.info “, with Blockchain’s Andreas Antonopoulos and Ben Reeves “working like crazy” over the past week to help the company get things stabilized again. While some might regard the two as Mt. Gox’s rivals, it is another example of different interests within the bitcoin economy teaming up for the good of the cause. As expected, when withdrawals recommence they will do so “at a moderated pace and with new daily/monthly limits in place” to prevent a run that could put too much strain on the company’s resources. The statement said: “We apologi...

Full article: http://www.coindesk.com/mt-gox-bitcoin-withdrawals-will-r...

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