April 25, 2013
Bitcoin Risk: An Empirical Study
Online exchanges that trade hard currency for the cyber money Bitcoin have a 45 percent chance of failing — often taking customer money with them. A new empirical study into the closure of Bitcoin currency exchanges found that exchanges that buy and sell a high volume of Bitcoins are less likely to shut down but more likely to suffer security breaches. The study analyzed 40 exchanges, said co-author Tyler Moore, Southern Methodist University, Dallas.