Contact: Margaret Allen
Southern Methodist University
Caption: 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. Higher resolution video at http://bit.ly/17ioGXf.
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Related news release: High-volume Bitcoin exchanges less likely to fail, but more likely breached, says study