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Video: Roundup of This Week’s Bitcoin News 11th April 2014

In this week of closures, crashes and Heartbleed, here are three of the biggest stories we covered on CoinDesk.

Apr 11, 2014 at 3:04 p.m. UTC
Updated Sep 11, 2021 at 10:38 a.m. UTC

[youtube id="LWPZccGNG9c" width="620" height="360"]

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In this week of closures, crashes and heartbleed, here are three of the biggest stories we covered on CoinDesk.

Bitcoin price falls below $400: The price of bitcoin hit a low of $344 this week following deposit freezes at Chinese bitcoin exchanges. The initial drop happened after an announcement from Chinese exchange BTCTrade.com, which was then corroborated by similar statements from Huobi and BTC100.org. This is the lowest the price has fallen since November 2013.

National Australia Bank turns back on bitcoin: NAB has decided to disassociate itself from bitcoin and will be closing the accounts of its bitcoin costumers starting next month. NAB was previously Australia's most bitcoin-friendly bank and its representatives were actively seeking to build relationships with bitcoin businesses.

Bitcoin Core Version 0.9.1 fixes Heartbleed vulnerability: Bitcoin Core Version 0.9.1 addressed the massive internet security bug, Heartbleed, also known as CVE-2014-0160. The vulnerability was patched by major bitcoin exchanges in a matter of hours.

Not the greatest week for bitcoin, but hopefully, we'll have some better news next week. Have a good weekend, y'all!

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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