Mt.Gox Bitcoin Exchange Withdrawals to Resume ‘Shortly’

Following a halt to bitcoin withdrawals by one of the anonymous digital currency’s largest exchanges, Mt.Gox, it was announced Monday that these withdrawals should resume “shortly”.

Mt.Gox issued a statement announcing that it had found a workaround for its bitcoin transaction malleability problems.

From CoinDesk.com:

It said the workaround was “thanks to our friends at Blockchain.info“, with Blockchain’s Andreas Antonopoulos and Ben Reeves “working like crazy” over the past week to help the company get things stabilized again. While some might regard the two as Mt. Gox’s rivals, it is another example of different interests within the bitcoin economy teaming up for the good of the cause.

Slovenia-based bitcoin exchange Bitstamp had also stopped withdrawals but resumed them over the weekend.

On Mt. Gox, a bitcoin last traded at $366.48, after hitting a low of $220.29 in recent trading though the average price across all exchanges was hovering around $636.00 Monday morning Eastern Standard Time.

- Aaron Goldstein, Gambling911.com