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Wednesday, February 12, 2014

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The perfect storm of Bitcoin



Bitcoin , the most popular of the criptomonedas in circulation, has been attacked on multiple fronts during the last week .

The first blow was struck when Apple removed all iOS apps intended for virtual currency , caused the spread as many videos Bitcoin enthusiasts destroying their Iphones .

Soon after, Russia entered the ring and delivered a painful uppercut when the Attorney General ruled that anonymous payment systems criptomonedas not be used by individuals or legal entities.

Then came the most publicized episode of recent times . According to Andreas Antonopoulos, Blockchain.info security chief and one of the biggest promoters of Bitcoin since its inception , said several bags criptomonedas were victims of a massive and concerted cyber attack .

The initiative, which mainly affected the Mt Gox and Bitstamp sites , produced a series of transactions for each real operation apocryphal in order to " create a fog of confusion across the network ." Fortunately , there were no reports of lost sums.

This accumulation of uncertainties contributed to its price down from $ 700 to $ 540, but eventually recovered and currency trading at about $ 650.

Bitcoin survived , as it did in the past after battles with the Chinese government . Its value became stabilized . However, their technical vulnerabilities were visible . The next few weeks will be critical to assess how criptomoneda takes the path of popular adoption.

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