Bitcoin Trading Platform BitQuick down 2 to 4 Weeks after Cyber Attack
In light of the recent Cryptsy debacle where millions of dollars worth of Bitcoin and other cryptocurrencies went missing after a malicious attack, another cryptocurrency exchange in BitQuick has become victim to hackers. In a blog post published on their website on March 17th, 2016, Founder and CEO as well as Customer Service Rep. (respectively) Jad Mubaslat & Chad Davis posted that the BitQuick servers were breached on March 14th, 2016. Unlike Cryptsy, the team at BitQuick hasn’t kept this breach a secret from its users for long and is updating publicly on their progress in dealing....
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Bitcoin trading platform BitQuick was the target of a cyberattack this week that temporarily resulted in unauthorized access to its server. The startup said on Tuesday that the platform had been taken offline due to a security incident. In a statement published today, BitQuick said that the attack, which took place on Monday, did not result in the loss of customer funds or sensitive information. The company explained: “The breach was immediately noticed, and the server was shutdown to prevent any further damage. We are still performing a formal investigation to determine the attack vector,....
Thursday, BitQuick.co, a peer-to-peer Bitcoin trading platform which processes around US$1.4 million worth of bitcoin transactions every month, announced the integration of BitGo Instant. The company aims at securing zero-confirmation payments that will improve user experience and overall security of the trading platform. Instant Mechanism to accept Bitcoin. Using BitGo’s prominent multi-signature technology, the company ensures protection against double spending. The service fee for BitGo Instant is free of charge for transactions that are less than 1 BTC. For payments that are worth more....
The bitcoin peer to peer exchange, BitQuick is currently offline after it was accessed by unauthorised user. Security is one of the major concerns when it comes to the bitcoin industry. There have been so many instances where the security of bitcoin platforms was breached by hackers, making away with loads of bitcoin. The history has taught bitcoin businesses not to compromise on the security of their products, as it may end up causing some serious damage to their reputation. Even with bitcoin exchanges and wallet providers implementing the best security features, they still face the....
Bitcoin buying and selling platform BitQuick took to social media on Wednesday, posting that they have launched a trading platform for the Middle East, allowing enthusiasts in the region to buy and sell bitcoin. While details weren't abundant, BitQuick says they've launched support for six currencies (including the USD), making the buying and selling of the digital currency available in: Jordan, Palestine, Egypt, Lebanon, Kuwait, United Arab Emirates, Qatar and more. BitQuick is one of the few companies in the bitcoin sector to focus their attention on the Middle East at a time when many....
This week, BitQuick announced the launch of its trading platform BitQuick.me in the Middle East. While there haven’t been more details on the topic, we reached out to its founder and CEO Jad Mubaslat, for enlightenment. Jad Mubaslat is a senior student in biomedical engineering and avid entrepreneur based in Colombus, Ohio. He founded BitQuick, an over-the-counter (OTC) Bitcoin trading platform in February 2013, and hasn't stopped working on the startup since. Today, BitQuick offers its services to customers across the world including North America, Europe, Asia, and most recently, the....