Major Exchanges Experience Technical Issues as Bitcoin Price Drives in Massiv...
Bitcoin has finally broken the $20k resistance level. The record-breaking price caused massive traffic on a myriad of crypto exchange platforms like Binance and Coinbase. Bitcoin All-Time Price High Causes Issues on Binance For weeks now, many crypto enthusiasts have been hoping that the price of bitcoin would scale the $20k resistance barrier. That record was broken recently, as bitcoin (BTC) not only broke the $20k resistance but also got as high as over $23k within the last 24 hours. As a result of this all-time high (ATH) price, crypto exchanges around the globe witnessed a massive....
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A recent security experiment conducted at the University of Illinois Urbana-Champaign goes to show how insecure freely distributed USB drives can be. Almost one in two drives were taken and plugged into a computer right away, regardless of possible consequences. Please Refrain From Using Unknown USB Drives. There is something very appealing about goodies, especially if they come in the form of an item everybody can use. USB Drives present an excellent example of how dangerous these goodies can be, though, as users will plug them into their computer without giving it a second thought. That....
The price of bitcoin on the CoinDesk USD Bitcoin Price Index (BPI) fell below $400 for the first time since November 2013 on 10th April, as major China-based bitcoin exchanges began reporting that they had received notice that their bank accounts would be shut down by banking partners. The initial drop occurred following an announcement from Chinese exchange BTCTrade.com, which was then corroborated by similar statements from Huobi and BTC100.org. The price of bitcoin has fallen rapidly in recent weeks, after rumors surfaced on 27th March that suggested the PBOC, China's central bank,....
Most merchants who adopt Bitcoin do not keep the bitcoins they earn but instead sell them for dollars on exchanges immediately using payment processing services such as BitPay. Consequently, the merchant creates selling pressure at the exchange, which drives the price down. So far this effect has been relatively mild, but there is a real possibility that the “merchant adoption” effect could spiral out of control if the selling pressure from new merchants is so great as to induce other people to dump their bitcoins. Once this happens, the price of Bitcoin could drop to zero in minutes. This....
With major issues going on at Tokyo-based Mt. Gox with regard to users getting their funds out, some are turning to to Japan's Financial Services Agency (FSA) with the hope the banking watchdog can possibly help in some manner. Unfortunately, it doesn't seem like it's going to happen. A Wall Street Journal report indicates the FSA is declining to get involved in the drama. "Bitcoin isn't a currency; it works as an alternative to currencies, like gold," said a spokesperson for the agency. "The FSA is in charge of currency-based services. Therefore, bitcoin exchanges are not a subject to our....
Huobi made an announcement to their website on 4/17/14. Dear Valued Huobi customers: In order to resolve the current issues with recharges during off hours, and as a result of Huobi negotiations with recharge card dealers, today at 17:00 we will be resuming our recharge card services. It's supported at all major banks, and is fully functional 24/7. We welcome you to come experience our coins. Bitcoin in China is all business as usual, with individual Chinese Bitcoin Exchanges adapting quickly to changing regulatory environments. What we are seeing is one Exchange experimenting with a new....