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Bitcoin Under Siege As Bug Halts Withdrawals, Russian Legal Woes

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Mark Melin
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A technical glitch in a Bitcoin system, forcing one payment processing firm to halt withdrawals, is cited as a reason for a recent price drop in the digital currency.  This computer bug comes on the heels of news that Russia is preparing a crackdown on the digital currency and news from Florida of two men arrested in what is said to be the first criminal charges under state law for using the digital currency in a money laundering scheme.

Bitcoin Under Siege As Bug Halts Withdrawals, Russian Legal Woes

Bitcoin, which had been trading near $1,000 per...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.