Ethereum Price Falls to $250 After Another Coinbase Outage
- The ETH/USD exchange rate fell back to its level from the start of the month before rebounding to $270.
After the popular cryptocurrency Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term Coinbase went down during a time of high traffic, with its app and its website failing to load for many people, the price of Ethereum has tanked again. The ETH/USD exchange rate went as low as $250 per Ethereum token, before rebounding to $270 after the problems were fixed.
The London Summit 2017 is coming, get involved!
Coinbase has been taking the blame in online community forums and social media for the drops in the price of both Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term and Ethereum.
Two weeks ago when the BTC/USD exchange rate crashed to just $2120 per bitcoin, Coinbase suffered another major outage.
Last week an Ethereum flash crash caused ETH to temporarily trade as low as $0.10 on GDAX, the institutional exchange platform of Coinbase. However, that instance was found to be a 'whale' cashing out, probably related to one of the latest massive ICOs.
This time, without other competing negative ETH stories, Coinbase is receiving all the wrath of the community. Some people are calling on traders to switch away from the exchange and thus reduce its impact on the market.
For long term Ethereum holders this should not be seen as a killer moment in itself, as the price only retracted to the record high price it reached only earlier this month, up more than 2,800% year-to-date. And the price did bounce back from the crash to the $320 level, so maybe it will recover another $50 soon this time too.
The real concern should be another massive ICO runner dumping their ETH in exchange for bitcoin or fiat, which could have a more lasting impact than technical difficulties at one venue.
After the popular cryptocurrency Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term Coinbase went down during a time of high traffic, with its app and its website failing to load for many people, the price of Ethereum has tanked again. The ETH/USD exchange rate went as low as $250 per Ethereum token, before rebounding to $270 after the problems were fixed.
The London Summit 2017 is coming, get involved!
Coinbase has been taking the blame in online community forums and social media for the drops in the price of both Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term and Ethereum.
Two weeks ago when the BTC/USD exchange rate crashed to just $2120 per bitcoin, Coinbase suffered another major outage.
Last week an Ethereum flash crash caused ETH to temporarily trade as low as $0.10 on GDAX, the institutional exchange platform of Coinbase. However, that instance was found to be a 'whale' cashing out, probably related to one of the latest massive ICOs.
This time, without other competing negative ETH stories, Coinbase is receiving all the wrath of the community. Some people are calling on traders to switch away from the exchange and thus reduce its impact on the market.
For long term Ethereum holders this should not be seen as a killer moment in itself, as the price only retracted to the record high price it reached only earlier this month, up more than 2,800% year-to-date. And the price did bounce back from the crash to the $320 level, so maybe it will recover another $50 soon this time too.
The real concern should be another massive ICO runner dumping their ETH in exchange for bitcoin or fiat, which could have a more lasting impact than technical difficulties at one venue.