Following are the major Bitcoin news of the day
BitStamp Acknowledges Problems with Its Hot Wallets
BitStamp today mailed his customers to inform them about a persisting issue in their platform, saying that their transaction server is detecting problems with their hot wallet, as a result of which they cannot process withdrawal requests. The Slovenia-based exchange further asked users not to get involved in any inbound or outbound transactions, until the problem is fixed. No coins were stolen, assured BitStamp. You can read the full report here.
Californian Governor Approves Bitcoin for Transactional Purposes
Following ratification in one finance bill, the State of California is now a place where Bitcoin and other cryptocurrency can be used freely as a method of payment. The old bill approved only US Dollar as a mode of transaction, but is now amended particularly to allow other national and digital currencies. You can read the full report here.
New Study Shows Concerns about Increasing Bitcoin Mining Centralization
A new study, titled ‘When Mining Pools Run Dry’, shows concerns about the increasing Bitcoin mining centralization, which ultimately puts power in the hands of a small number of corporate entities to control and drive the cryptocurrency markets. Not only such practices go completely against the concept of decentralization, but also attract the chances of 51% attack. You can read the full report here.
To contact the reporter of the story: Yashu Gola at email@example.com