After wild swings during the past week, prices for virtual currency Bitcoin appear to have stabilized at about $100 per Bitcoin on top exchange Mt. Gox.
Leading Bitcoin exchange Mt. Gox has been knocked offline in another coordinated distributed-denial-of-service (DDoS) attack just hours after the exchange re-opened following a huge price decline.
Editor’s Pick Interest in the virtual currency Bitcoin has surged in recent months, but Mt. Gox — the largest exchange — is (for now) holding back Bitcoin from stability and legitimacy.
Top Bitcoin exchange Mt. Gox, which facilitates more than 70 percent of trades, has halted trading for 12 hours following a gigantic decline in Bitcoin prices.
Virtual currency Bitcoin has hit new highs in value after Mt. Gox, the largest Bitcoin exchange, struck a deal to let startup CoinLab handle its U.S. operations.