Crypto Mining Blog
It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
Search
MtGox Has Announced the Resuming of BTC Withdraws Soon
17 Feb2014
MtGox has released an official statement today that they will be resuming full operations soon as they have apparently implemented a solution that should enable withdrawals and mitigate any issues caused by transaction malleability. MtGox apparently has developed a workaround that will use a unique identifier created by Blockchain to show whether transactions have been modified or not. This is supposed to prevent any fraudulent use of the malleability issue and protect the assets of MtGox customers.
Resuming Withdrawals
With this new system in place, MtGox should be able to resume withdrawals soon. At the beginning we will do so at a moderated pace and with new daily/monthly limits in place to prevent any problems with the new system and to take into account current market conditions.In order to launch the new system, we are going through the following steps:
– Re-indexing the entire Blockchain (approx. 32 million entries)
– Fully deploying the new NTX ID
– Implementing a new bitcoin withdrawal queue that needs to be tested
– We will update everyone again by Thursday at the latest.Additionally, you may have noticed that we have added a new login system that sends you an email when you successfully access your account. This is an additional security layer, but as always we strongly encourage our customers to use the 2-step authorization options available in our Security Center.
Hopefully this will help in stabilizing BTC exchange rate in the next few days, especially after MtGox resumes full trading operations including BTC withdraws and this will calm the situation that has gone crazy. Bitstamp has already restored their automated Bitcoin withdraws, so this announcement from MtGox should also help in restore things back to normal.
- Publihsed in: Crypto News
- Related tags: BitStamp, Blockchain fix, Mtgox, MtGox BTC withdraws, MtGox issue, MtGox problem, MtGox resuming withdraws, MtGox withdraws
Check Some More Similar Crypto Related Publications:
- The Situation with the BTC-e Crypto Exchange Takes Unexpected Turns
- Double Your Hashrate Promotion at GAWMiners
- The Chinese Exchange Bter Has Stopped Accepting Yuan Deposits
- The Real Satoshi Nakamoto Has Been Discovered
- PayPal To Support Bitcoin Payments Through the PayPal Payments Hub
- Nvidia Has Removed the LHR Lock in the Latest Driver 522.25
- Storj Switching from Counterparty to Ethereum for Their SJCX Tokens
- Minebox – A Personal Cloud Storage and Cryptocurrency “Miner”
- KNCMiner Solar, New 16nm ASIC Chips Coming in 2015
- SFARDS Running a Best Miner Design Contest
- Upcoming JASMINER X16-Q High Throughput 3U Quiet Server Ethash Miner
- BitMain Up for Another Scandal With Antbleed Backdoor
- Bitcoin Core 0.14.0 Released with Performance Improvements
- WaveCrest Terminating Prepaid Crypto MasterCards as Well
- You Can Now Pay For Your Games from Steam With Bitcoin
- KnCMiner Titan Scrypt ASIC Miner Status Update
- The DogeCar Back in Nascar and With a Dedicated Website
- Update Your Go Ethereum Client if You Are Using It
- Dual Mining Rewards for LTC at CEX Not So Dual Anymore
- Bitcoin Robot Trading Bot With New Trading Strategy
- Minebox NAS Pre-orders and Now On, Limited Units Available
- Interesting New Features for GAW Miners Hashlet Owners
- Mining Rig Rentals Offering Dagger-Hashimoto Rigs for Ethereum
- AMD Radeon RX 480 (Polaris) is Now Official and Looks Promising
- The BTER Exchange to Resume Operations and Pay Back to Users