Bitcoin soared from $16,000 a coin on Coinbase's GDAX exchange to $19,500 in less than three hours Thursday. "Despite the sizable and ongoing increases in our technical infrastructure and engineering staff, we wanted to remind customers that access to Coinbase services may become degraded or unavailable during times of significant volatility or volume", he said.
The bitcoin frenzy of the last week has crashed Coinbase's servers yet again, marking the sixth time in the last six months the largest USA cryptocurrency exchange has gone down as large numbers of investors rush to take advantage of opportunities.
Active Volume Stock: Coca-Cola European Partners Plc (CCE)
The regular trading kicked off at $39.08 but as the trading came to an end, the stock escalated, concluding with a fall of -0.56%. It improved, as 4 investors sold MLVF shares while 5 reduced holdings. 79 funds opened positions while 269 raised stakes.
Nevertheless, Armstrong said that service disruption may still continue.
Needless to say, people want in on the action.
The latest swing higher came as bitcoin topped $12,000 Tuesday night in a rapid recovery from a 20% drop last week.
PL to boost TV games in new deal
The three season deal from the 2016-17 until 2018-19 seasons had a 70% increase on the previous £3 billion deal. That's more than 50% of the league's 380 games and will allow broadcasters to show full midweek matches.
We at Coinbase couldn't be more excited by the explosion of interest in digital currencies.
"While we launched [in the U.S.] just a week ago, bitFlyer has already seen strong interest from institutions looking to gain exposure to bitcoin. We're glad to have expanded to the United States at this time with so much interest due to the impending Bitcoin futures launches", bitFlyer COO Bartek Ringwelski, said in an email.
Session Recap: Viewing Unusual Volume for American Outdoor Brands Corporation (:AOBC)
Teachers Advisors LLC purchased a new stake in American Outdoor Brands in the first quarter valued at approximately $1,938,000. Wedbush set a $20.00 price objective on American Outdoor Brands and gave the company a "buy" rating in a report on Friday.
Cryptocurrency exchanges, which don't have the industrial infrastructure of traditional exchanges such as the New York Stock Exchange or the Nasdaq, are under pressure to handle record trading volumes. Whether its app remains as popular as bitcoin itself will likely depend on whether bitcoin ends up being as valuable as it promises, or a get-rick-quick scheme that's full of nothing but hype. JPMorgan Chase Jamie Dimon has called bitcoin a "fraud". Digital currency investor and former Fortress hedge fund manager Michael Novogratz also said last week that cryptocurrencies like bitcoin are "going to be the biggest bubble of our lifetimes".