Bitcoin News Mash-Up: BitStamp Got Issues; California Approves Bitcoin; and More


Bitcoin News Mash-Up

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

Previous articleApple Shares Testing Major Support Again – Jan 5, 2015
Next articleEUR/USD and GBP/USD Spiking to New Lows
With an upbringing rooted in deep ethical values, Yashu Gola knows how to put honesty and dedication into his articles. This young and dynamic financial analyst has done his graduation in IT engineering. His interests in financial writing have once brought him to our digital doorsteps. Since then, he has been an integral part of and writes the most captivating news-articles on the foreign exchange industry, cryptocurrencies, and medical marijuana trading.