Traders Complain About Exchange Issues and Downtime During Bitcoin’s Volatile...
As bitcoin and a number of digital assets saw deep losses on Monday, a few crypto-asset exchanges had difficulties. Traders have been complaining about issues with exchanges like Coinbase, Kraken, and other trading platforms during the volatile price swings. Bitcoin (BTC) and many other cryptocurrencies have suffered a dip in value during the course of the day on Monday. While all the action happened, members of the crypto community and traders started complaining about exchange issues. “Coinbase couldn’t really couldn’t be performing any worse during these high....
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Earlier this week it was reported that bitcoin's main forum had experienced some unexpected downtime. As we've gotten accustomed to from other incidents with bitcointalk, the discussion was taken to the bitcoin subreddit where theymos, the forum's administrator, confirmed that there were some issues with the storage disks. After he claimed to have fixed the problems and brought the forum back online, users are unable to access the forum once again. Bitcointalk's downtime and data loss. Theymos finally posted an update on the situation hours after users had started complaining about the....
Bitcoin exchange Mt. Gox announced on Saturday that they would be having a six-hour planned downtime on all bitcoin deposits and internal transfers. The temporarily halt on the deposits and transfers are taking place now (6PM-12AM JST). According to the Tokyo-based exchange, the downtime will allow for the implementation of fix to the transaction malleability flaw that brought down customers' ability to withdraw funds out of the exchange. Gox notes that the downtime window is only an approximation, and perhaps more importantly, makes note of the fact that it will be another stretch of time....
Coinbase has suffered multiple outages since March, often coinciding with volatile Bitcoin trading days. Coinbase appears to have a capacity problem. Users have pointed out for years that when Bitcoin and other crypto assets are especially volatile, the exchange sometimes goes offline without warning. These outages can prevent customers from buying or selling their crypto assets, and are generally viewed unfavorably by traders.Between March and November 2020, the exchange recorded nine different issues leading to various types of outages or connectivity problems, although direct customer....
Mt. Gox has stopped bitcoin deposits and all internal bitcoin transfers for a short site maintenance update, roughly from 6pm to 12am Japan time on 15th February. According to a notice posted on Gox's News page, the downtime is part of its implementation of a solution to the 'transaction malleability' issue that has seen the exchange halt all external bitcoin withdrawals and face criticism from some sectors of the bitcoin economy. The downtime probably won't affect too many users. With Mt. Gox's bitcoin price now hovering around the $342 mark (at least $300 below the CoinDesk BPI) and the....
European bitcoin exchange BTC-e was offline for several hours today after the site said that it was the target of a distributed denial-of service (DDoS) attack. The site is intermittently available at press time, though according to data produced on the exchange’s front page, trades are being executed amid the user connectivity problems. Posts on social media suggest that the downtime lasted as many as four hours. The exchange previously reported that it was being attacked, and the downtime sparked concerns that the exchange had been compromised. The exchange, believed to be located....