Bitcoin Crash Spurs Race to Create New Exchanges

“The rush to build a more reliable exchange for the virtual currency bitcoin is under way after another price crash on Wednesday disgruntled customers who directed their anger against the alternative currency’s major exchange.  This follows a 20 percent crash last Thursday which Mt.Gox blamed on a type of hacking attack called a distributed denial-of-service attack (DDoS) — which slows down the website — delaying orders and panicking sellers. Another DDoS was again reported by the exchange on Thursday morning, coinciding with another price drop.”

formerly/http://finance.yahoo.com/news/bitcoin-crash-spurs-race-create-141650753.html

The Freedom Watch Staff

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