Saturday, Apr 30th, 2011
- Bitcoin’s leading exchange, Mt. Gox, retreats following DDoS attack
- "Temporary shutdown" until the appropriate protections [are in place]".
Service will resume once a new server is operational on a network with defenses against further distributed denial-of-service attacks.
- Exchange Nanaimo Gold offers automated exchange between HD-Money and Bitcoin
HD-Money (HDM) is a private digital currency alternative along the same lines as Liberty Reserve and payments made are irreversible.
- CoinPal exchange ends service following action by PayPal
CoinPal, the primary where PayPal could be used for payment of purchases of bitcoins has closed.
"PayPal’s Acceptable Use Policy specifically states that the service may not be used for a money service business that performs currency exchange activities”.
- Bitcoin service BitcoinLaundry.com reduces fee
The fee for the service to mix bitcoins with those from others has been reduced from 1% to 0.5%.
"Compared to the traditional financial systems this service might be the equivalent of moving funds through banks located in countries that have strict bank-secrecy laws.”
- Archive containing block chain (through block 120,000) released:
Minimizes delay for downloading transaction data when performing a first-time installation. 152MB download file contains all transactions since January 2009 when Bitcoin genesis block was created.
- Article / Blog post:
United States: Virtual Currency -The Legal Issues Are A Reality by Kobus and Schurko of Marshall Dennehey law office.
"An issuer of virtual currency [might be considered] a “financial institution” for the purposes of the PATRIOT ACT by virtue of creating and managing customer virtual currency [eWallet] accounts.”
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