A Bitcoin Exchange Suspends Operations
Earlier today, Btstamp, the second largest bitcoin exchange, suspended operations, citing a security lapse, as reported by CNBC. These kinds of inciidents do not build confidence in the currency or the underlying tech platforms. In fact, one source in the artiicle suggests that a liquidity problem could be the reason and not a hacker.
The price of bitcoin has dropped to $250 from the mid-$300s, and was $ 269 today.
Venture capitailist Mark Andreeson went on a 26 tweet tirade defending the crypto currency. What do you think is causing the price volatiity if the mining and blockchain process is secure?