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12-22-2017, 11:53 PM
Largest U.S. Bitcoin exchange halts trading as cryptocurrencies plummet
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Coinbase — the largest Bitcoin market in the U.S. — has disabled all buying and selling as the digital currency Bitcoin dramatically loses value.*
At 11:11 a.m. EST, Coinbase posted that it had temporarally disabled trading:
About 25 minutes later, at 11:35 a.m. EST, the company said it's still monitoring the problem:
This "high traffic" is largely in reference to activity in the Bitcoin market. Bitcoin is the world's highest-valued currency, as one Bitcoin hit nearly $20,000 this December.
SEE ALSO: Bitcoin just made the Winklevoss twins billionaires (http://mashable.com/2017/12/04/tyler-cameron-winklevoss-bitcoin-billionaire/)
But it's lost about a quarter of its value (http://mashable.com/2017/12/22/bitcoin-price-down-13000/) in the last 24 hours and the fickle currency is now trading at around $12,874 — and some exchanges around $11,000. Read more... (http://mashable.com/2017/12/22/coinbase-halts-trading-as-bitcoin-falls/)
More about Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Bitcoin (http://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Coinbase (http://mashable.com/category/coinbase/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cryptocurrency Transactions (http://mashable.com/category/cryptocurrency-transactions/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Cryptocurrencies (http://mashable.com/category/cryptocurrencies/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/XxKYcb4Yn4A
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Coinbase — the largest Bitcoin market in the U.S. — has disabled all buying and selling as the digital currency Bitcoin dramatically loses value.*
At 11:11 a.m. EST, Coinbase posted that it had temporarally disabled trading:
About 25 minutes later, at 11:35 a.m. EST, the company said it's still monitoring the problem:
This "high traffic" is largely in reference to activity in the Bitcoin market. Bitcoin is the world's highest-valued currency, as one Bitcoin hit nearly $20,000 this December.
SEE ALSO: Bitcoin just made the Winklevoss twins billionaires (http://mashable.com/2017/12/04/tyler-cameron-winklevoss-bitcoin-billionaire/)
But it's lost about a quarter of its value (http://mashable.com/2017/12/22/bitcoin-price-down-13000/) in the last 24 hours and the fickle currency is now trading at around $12,874 — and some exchanges around $11,000. Read more... (http://mashable.com/2017/12/22/coinbase-halts-trading-as-bitcoin-falls/)
More about Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Bitcoin (http://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Coinbase (http://mashable.com/category/coinbase/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cryptocurrency Transactions (http://mashable.com/category/cryptocurrency-transactions/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Cryptocurrencies (http://mashable.com/category/cryptocurrencies/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/XxKYcb4Yn4A