Exchanges Repeatedly Overloaded During Big Price Movements

The Problems Experienced by Exchanges May Have Contributed to the Intensity of Yesterday’s Crash All eyes have been on bitcoin in recent days, as btc ramped up to establish new highs and test the key area of $3000. When the area failed to hold prices began to retrace – triggering a crash of up to approx. 20 percent in just a few hours. Kraken, Coinbase, Gdax, and Poloniex were all reported to be experiencing technical difficulties during the crash – leaving many traders unable to manage or exit their positions. The problem…

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Coinbase Seeks $1 Billion Valuation From Committed Investors

Coinbase Seeks Investment Pledges of ‘$100 Million or More’ for a $1 Billion Valuation Goal Sources familiar with the matter told the publication Coinbase is currently having discussions with potential investors. Currently, investors that may pledge towards the round are undisclosed, but the source has disclosed it will be one of the biggest funding rounds in the digital currency space. The company has been one of the most well-known startups since Brian Armstrong, and Fred Ehrsam founded the company in 2012. Over the course of the company’s life, it has…

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