Bitcoin Price Rebounds: Reports of Bitstamp Processing Withdrawals
Bitstamp customers on Reddit and bitcointalk are reporting that they are now able to make Bitcoin withdrawals. The price almost instantly recovered back to the $700+ level that was normal before the transaction malleability problems first began. As we reported yesterday, it seems the transaction malleability problem may have been overblown, especially when it came to the troubles at MtGox. This rally is proving that Bitcoin really is the "honey badger of money". Hourly Bitstamp chart, showing a potential double bottom around 530 - 540. Are We Back to Normal? There were a large number of....
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Bitcoin exchange BTC-e has confirmed it is processing bitcoin withdrawals. Bitstamp has revealed it plans to start processing its customers' bitcoin withdrawals again later today. The exchange halted bitcoin withdrawals earlier this week after it was discovered a bot had launched a massive DDoS attack on a number of bitcoin exchanges. A tweet from the BitStamp this morning read: Bitstamp & Bitcoin core developers have implemented a solution that passes our preliminary tests and audits. News: http://t.co/azGqiX4hqL. - Bitstamp (@Bitstamp) February 14, 2014. Bitstamp issued the following....
Bitcoin exchange Bitstamp has posted a follow-up to a news update Friday that announced that withdrawals were once again being processed. Saturday's news indicates that withdrawals are now fully automated, as they were before they were halted this week due to a distributed denial of service attack that took advantage of a transaction malleability flaw in the bitcoin software that also brought down withdrawals at Mt. Gox - a highly talked about event. When Bitstamp opened withdrawals Friday, the exchange exercised maximum caution by processing each request manually. "After rigorous testing,....
Andreas Antonopoulos notes on Twitter that Bitstamp withdrawals have resumed. He also expects Mt. Gox to resume withdrawals soon. Bitcoin exchange Bitstamp is today resuming withdrawals, days after announcing they would be stopped temporarily due to a DDOS attack affecting multiple exchanges that took advantage of a known transaction malleability issue known to developers since 2011. "A denial-of-service attack caused us to suspend the processing of Bitcoin withdrawals. Bitstamp, with help from the Bitcoin core developers, has implemented a solution that passes our preliminary tests and....
Bitcoin exchange Bitstamp has temporarily halted withdrawals and emailed users a warning about using old deposit addresses. Earlier today, Bitstamp noticed an issue with their hot wallet and stopped processing withdrawals and is not honoring deposits made to old Bitcoin deposit addresses. According to Bitstamp, the private keys to old deposit addresses may have been lost. Bitstamp users have been unable to withdraw bitcoins for over 24 hours and though Bitstamp has confirmed the issue, the extent of the damage has yet to be officially revealed. UPDATE: Wallet Breach Causes Bitcoin Exchange....
BitStamp, one of the world's leading Bitcoin exchange platform, recently informed its users about suspending its services temporarily in the wake of a security malfunction. According to the available sources, the Slovenia-based exchange allegedly suffered an RNG attack following which its hot wallets stopped processing deposits and withdrawals. It is the same attack which impacted Blockchain. INFO last month. As per BitStamp informed its users, no coins were lost in the incidence. However, the private keys to old addresses might have been lost, or stolen. The notice said: Dear customer,....