The Bitcoin correction we wrote about yesterday was not caused by a DDOS attack on one of the largest Bitcoin exchanges, Mt.Gox, but rather by a massive spike in interest in the crypto currency, according to Mt.Gox. During trading yesterday the value of Bitcoin plummet by 60%, dropping from a high of $265 to around $150 (it has since climbed back up slightly, to around $180).

Topics:  gox   tradehill   bitstamp   but mt   facebook   earlier   tokyo-based   ddos   panic sale   april   due   bitcoin   mt   march    the   caused   rush   interest   exchange   accounts   day   improve   system   opened   lag   infrastructure   working   trading   result   added   started   number   coming   performance   updates   catch   attack   hours   clock   week   continue   team   busy   servers   target   demand   improving   update   existing   situation   victim   high   users   volume   month   created   release   sell   currency   resulting   add   close   night   

 

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