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Bitcoin price plunges as Mt. Gox says flaw in protocol allows fraud

2014-02-10 13:33:46| InfoWorld: Top News

Bitcoin software has a bug that allows fraud, Tokyo-based bitcoin exchange Mt. Gox said Monday. The news was followed by a new fall in the value of the digital currency. Mt. Gox said it will continue its suspension of bitcoin transfers from wallets it holds to external bitcoin addresses, announced Friday, while it works to resolve the problem. Conversions of bitcoins to conventional currencies and bitcoin transfers to other Mt. Gox addresses are not affected.

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