Menu
Kim Kardashian Leaked Photos Backlash

Kim Kardashian Leaked Photos Backlash

Benedict Cumberbatch is Alan Turing in The Imitation Game

Benedict Cumberbatch is Alan Turing in The Imitation Game

Amber Heard Topless Photo Leaked

Amber Heard Topless Photo Leaked

The Sexiest Halloween Costumes of 2014

The Sexiest Halloween Costumes of 2014

Oculus Unveils Crescent Bay, its New Virtual Reality Headset Prototype

Oculus Unveils Crescent Bay, its New Virtual Reality Headset Prototype

Mt. Gox Beefs up Security with One-Time Password Card, Now Offers No Fee Trade Untill Cyber Monday

Nov 29 2013, 3:26am CST | by , in News | Technology News

The Bitcoin exchange, Mt. Gox has beefed up its security with a one-time password card. The Japanese agency has updated several features including MtGox OTP card, modified trading interface and increased SEPA withdrawal limits. It is also fee free trade from Bitcoin Black Friday through Cyber Monday.

Mt. Gox Beefs up Security with One-Time Password Card
Image Credit: Mt. Gox
 
 

YouTube Videos Comments

Full Story

Mt. Gox Beefs up Security with One-Time Password Card, Now Offers No Fee Trade Untill Cyber Monday

Mt. Gox happens to be the one of the largest Bitcoin exchange agencies. It has finally decided to address safety concerns. It is now offering its users a no fee trade from Bitcoin Black Friday through Cyber Monday. Among the steps that have been taken for the sake of protection is the introduction of a new OTP card. The battery-containing password creator easily hooks up with a customer’s account. It may even be employed for further security purposes such as keeping a password in its memory bank. 

"With Bitcoin prices at record highs you can never be too careful with maintaining account security. Malicious parties can compromise your login information if you aren’t careful, but by using a one-time password (OTP) you can prevent anyone from being able to use that information to access your account," Tokyo-based exchange states in a press release.

Besides this it may be used to create a novel password each time the user employs it for his daily transactions. It has a cost price of almost $40 and is currently undergoing shipments for delivery. Meanwhile, Mt. Gox has also increased limits for SEPA withdrawls from Poland. 

A transformed trading interface has been issued by Mt. Gox too. At the beginning of 2013, Mt. Gox announced that it was teaming up with Akamai to make its functions a faster phenomenon. Meanwhile, the new revamping that has taken place is more superficial in nature. Indicators of different hues signify purchases made and items sold. Furthermore, cash nexus fees that occur at the time of a transaction are recorded too. Additionally, all BTC transfers will be liable to pay 0.001 network charges. 

This was a necessary step for the quicker relay of transaction times. On the other hand, it is common knowledge that Mt. Gox has its share of serious issues. From DDoS forays to banking procrastinations, it is facing a time of troubles. Even the US government grabbed some if its funds. This has caused Mt. Gox to back down from its #1 spot. That position now goes to BTC China.

Source: Mt. Gox via Coindesk

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

Comments

blog comments powered by Disqus

Latest stories

Joe Philbin Declines to Say If Ryan Tannehill Starts on Saturday
Joe Philbin Declines to Say If Ryan Tannehill Starts on Sunday
The Miami Dolphins Head Coach Avoids Reporters Questions on The Subject Four Times.
 
 
Erica Mena Announces Engagement to Shad Moss
Erica Mena Announces Engagement to Shad Moss
The couple had been dating for a little under six-months before he proposed.
 
 
The Big Bang Theory Season 8 Premieres Today
The Big Bang Theory Season 8 Premieres Today
The Big Bang Theory Season 8 premieres with the first two episodes today at 8 p.m. on CBS. Watch the newest The Big Bang Theory Season 8 teasers below. And, yes. Kaley Cuoco has short hair.
 
 
Roger Moore Knows more about Star Wars VII Than You
Roger Moore Knows more about Star Wars VII Than You
Sir Roger Moore, the Bond actor with the most missions has visited the Star Wars VII set.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.