3

Bitcoin 'Glitch' Sparks 23% Flash Crash

http://www.zerohedge.com

The unregulated digital world of Bitcoins suffered another flash-crash last night. According to Ars Technica, the 23% plungefest in the value of the digital currency (the second in a week) was due not to Waddel & Reed, not HFT algos, but 'forking' Cryptographic algos gone wild agreeing on different (legacy) keys as being correct - akin to finding Tungsten in your Gold bars (and hence the drop in the value). This latest glitch is different from the problem that caused Bitcoin prices to briefly crash to zero in June of 2011. In that case, the sell-off was caused by the compromise of the exchange itself, whereas this time the glitch occurred in the core Bitcoin software.

Read »
STACKS's picture
Created by STACKS 1 year 32 weeks ago – Made popular 1 year 31 weeks ago
Category: Money   Tags:

Air Times & Contact

LIVE 7 Days a Week!
Mon-Sun: 7pm-10pm Eastern

Call toll-free:
1-855-450-FREE

You can also Skype us.

Join our Email List

Stay up to date with the latest about Free Talk Live, and receive our Weekly Digest email - the most popular stories for the week from our front page and also the week's audio highlights!

See our past emails.


Free Talk Live 2.5

Welcome Free Talk Live 2.5! Now, with Reddit!
 
You'll need a Reddit account before you can vote on and submit show prep. (That is different from your FTL/AMP account.)

The content here is the same as you will see on the FTL Subreddit. Please submit bug reports on the appropriate BBS subforum.

Enjoy the new site and thanks for submitting your content!

Google+

New forum topics

Who's online

There are currently 0 users and 0 guests online.
Free Talk Live Image
Free Talk Live Image
Be your own bank
Free Talk Live Image
Free Talk Live Image
Liberty Stickers
Watch the Ridley Report
Mark Warden - New Hampshire Realtor
Midas Resources
Amazon
Buzzbox Coffee
freedomcam.net
Quantum Vibe from Bighead Press
Free State Project
Free Talk Live Image
Advertise Market Promote with AMP
Free Keene - NH Liberty Activism
shiny badges
Join the Shire Society
Freedom's Phoenix
iHeartRadio
stitcher smartradio
talk stream live
FTL on AudioNow
bitcoin not bombs