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Mt. Gox Announces Downtime for Bitcoin Deposits

Mt. Gox is currently performing system maintenance to prepare for implementation and testing of a new bitcoin transaction system.

Na-update Abr 10, 2024, 3:01 a.m. Nailathala Peb 15, 2014, 11:15 a.m. Isinalin ng AI
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Mt. Gox has stopped bitcoin deposits and all internal bitcoin transfers for a short site maintenance update, roughly from 6pm to 12am Japan time on 15th February.

According to a notice posted on Gox's News page, the downtime is part of its implementation of a solution to the 'transaction malleability' issue that has seen the exchange halt all external bitcoin withdrawals and face criticism from some sectors of the bitcoin economy.

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The downtime probably won't affect too many users. With Mt. Gox's bitcoin price now hovering around the $342 mark (at least $300 below the CoinDesk BPI) and the exact situation regarding bitcoin withdrawals still unknown, it's not very likely people are trying to move coins into the exchange right now. Internal transfers can probably also wait a short while.

The announcement continued that the 6-hour timeframe was approximate only, and could be shortened or lengthened if required. It also said the new system would need to have "extensive testing" before bitcoin withdrawals could begin again, and that a further update would be published on Monday (17th February).

It also mentioned that other exchanges have taken their own steps to address the transaction malleability issue, which CEO Mark Karpeles claims is a serious flaw in the bitcoin protocol. The issue was first noticed in 2011 but was not considered a high priority by bitcoin's core developers - at least until Mt. Gox's current problems began.

"BlockChain.info have implemented changes to address the malleability issue. Our solution should work in the short term, while a longer-term solution is being discussed with the Bitcoin Core Dev team and the Bitcoin Foundation. We are also discussing this with other exchanges and businesses."

Other exchanges have posted statements saying they are not affected by transaction malleability, though Bitstamp, one of the world's most popular exchanges, also briefly halted bitcoin withdrawals after a "massive and concerted" DDoS attack affected it and numerous others. It has since resumed regular operations.

Image: Mt. Gox logo

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

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  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Bitcoin dips, but quickly recovers as U.S. captures Venezuela's Maduro

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The U.S. overnight launched a military strike against Venezuela, capturing President Nicolas Maduro and his wife and extracting them from the country.

Ano ang dapat malaman:

  • The U.S. captured Venezuelan President Nicolas Maduro and his wife after a brief military operation Saturday morning, according to President Trump.
  • Crypto prices suffered a brief, modest drop on the first reports of the military action, but have since recovered.