Coinbase exchange falters as bitcoin price fluctuates wildly
One of the world’s most popular bitcoin exchanges is struggling to keep up with soaring demand as the global mania for the cryptocurrency drives wild swings in valuation. Over the course of one hour today, the value of a single bitcoin on Coinbase jumped from above $16,000, to more than $19,000, before once again falling back down below $16,000.
For some users, Coinbase service was extremely slow; for others, it was impossible to log in or complete transactions at all. The company posted a statement just after noon explaining that it was “currently experiencing record high traffic. This is resulting in some customers having slow performance or issues logging into their Coinbase accounts. We are actively working to resolve this as...