24 May Sudden Bitcoin Crash Sparks Serious Coinbase Warning
Bitcoin, after rallying to over $10,000 per bitcoin in the last few days, has suddenly crashed back.
The bitcoin price lost more than 10% in a matter of minutes yesterday evening, dropping to lows of $8,100 on the Luxembourg-based Bitstamp exchange before rebounding to settle around $8,600.
However, an outage on major U.S. bitcoin and crypto exchange Coinbase just after bitcoin’s price plummet left many users unable to trade—the second time in less than a month Coinbase has buckled under stress.
Coinbase users were unable to trade bitcoin and other cryptocurrencies for around an hour last … [+]
“How many times do we have to say take your bitcoin off of Coinbase if you want to have access to it,” Rachel Siegel, a bitcoin and cryptocurrency content…