• If you have Bitcoin, better give this service outage warning from Coinbase a thorough look

    Posted on December 7, 2017 at 11:39 CST by • Comment in the Forums

    I don’t comment about Bitcoin very often. After all, anything I say today will be off by 20% or 40% by tomorrow. Suffice it to say that Bitcoin’s been going through a roller coaster ride seldom experienced in the real world.

    Coinbase, a big Bitcoin trading market, issued an official notification on Dec 7 at 8:18 am PST:

    Identified – Identity verification is failing to complete for a significant number of customers due to high traffic. We are working on restoring services as soon as possible.

    Check out the Coinbase outage map at downdetector.com — which, if anything, probably understates the situation.

    Good overview from Coindesk.

    The world’s largest bitcoin exchanges by trade volume are reporting significantly varying prices as the cryptocurrency’s price soars to new all-time highs, market data shows. In some cases, the differences amount to more than $2,000 in value, particularly among some of the most voluminous exchanges.

    With an official launch of Bitcoin futures coming on Sunday, starting with CBOE Global Markets then quickly moving on to the CME Group exchange, heaven only knows what’ll happen

    The Guardian is staying on top of it all, in real time.

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