MtGox Acquires Bitomat.pl Bitcoin Exchange

Hacking seems to be a big problem in the Bitcoin community.  The Mt.Gox currency exchange was hacked earlier this year, resulting in the theft of thousands of Bitcoins, and a subsequent crash in the price of Bitcoins.  Recently the third largest Bitcoin exchange in the world, Bitomat.pl, was hacked.

 

Now there is news that Mt.Gox, the world’s largest Bitcoin exchange, <a href=”https://www.mtgox.com/press_release_20110811.html”>is acquiring Bitomat.pl.</a>  It’s interesting that one hacked market is acquiring another.  Hopefully Mt.Gox has learned a lot about security, and can apply this learning to the operation of the Polish Bitomat.pl exchange.

This transaction does show the global nature of Bitcoin, and how it is truly becoming a global currency.

 

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About Dave

I have been into financial cryptography and alternative electronic currencies since the mid 1990s. I have attended the Financial Cryptography conference, and have invented patents in the fields of cryptography and security. I've built systems for Visa, the US Federal Reserve, NASD, and hundreds of banks around the world.

Posted on August 12, 2011, in Uncategorized. Bookmark the permalink. Leave a comment.

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