Coinbase suffers outages amid bitcoin surge
The virtual currency hit a fresh all-time high of $2,760.10
The virtual currency has more than doubled this year. PHOTO: REUTERS
Coinbase said on Thursday it suffered outages this week as the bitcoin exchange saw "unprecedented traffic and trading," with the digital currency hitting record levels.
Bitcoin fell as much as 6.5 per cent to $2,263.72 at around 1730 GMT on Thursday, but rebounded shortly after to hit a fresh all-time high of $2,760.10.
Bitcoin now worth more than gold as price reaches all-time high
Bitcoin hit a record on the BitStamp platform on Wednesday, driven by an uptick in demand for crypto-assets, with the creation of new tokens to raise funding for start-ups using blockchain, the underlying technology behind bitcoin.
So far this year, the price of bitcoin has more than doubled.
New virtual currency tied to oil takes aim at bitcoin
Coinbase, the world's largest bitcoin company with operations in 32 countries, said the heavy traffic had caused outages at its website as well. The exchange said it was working to resolve the issues.
Problems that Coinbase's platform experienced earlier this week, including card verification failures and slow load times, were resolved, its status page showed.
Bitcoin fell as much as 6.5 per cent to $2,263.72 at around 1730 GMT on Thursday, but rebounded shortly after to hit a fresh all-time high of $2,760.10.
Bitcoin now worth more than gold as price reaches all-time high
Bitcoin hit a record on the BitStamp platform on Wednesday, driven by an uptick in demand for crypto-assets, with the creation of new tokens to raise funding for start-ups using blockchain, the underlying technology behind bitcoin.
So far this year, the price of bitcoin has more than doubled.
New virtual currency tied to oil takes aim at bitcoin
Coinbase, the world's largest bitcoin company with operations in 32 countries, said the heavy traffic had caused outages at its website as well. The exchange said it was working to resolve the issues.
Problems that Coinbase's platform experienced earlier this week, including card verification failures and slow load times, were resolved, its status page showed.