[2017-05-26] ToI: Coinbase suffers outages amid bitcoin surge

[polynesia]

Coinbase suffers outages amid bitcoin surge

http://timesofindia.indiatimes.com/business/international-business/coinbase-suffers-outages-amid-bitcoin-surge/articleshow/58847995.cms

Coinbase said on Thursday it suffered outages this week as the bitcoin exchange saw "unprecedented traffic and trading," with the digital currency hitting record levels.

Bitcoin fell as much as 6.5 percent to $2,263.72 at around 1730 GMT on Thursday, but rebounded shortly after to hit a fresh all-time high of $2,760.10.

Bitcoin hit a record on the BitStamp platform on Wednesday, driven by an uptick in demand for crypto-assets, with the creation of new tokens to raise funding for start-ups using blockchain, the underlying technology behind bitcoin.

[polynesia]

Coverage in other publications.

http://www.deccanchronicle.com/technology/in-other-news/270517/coinbase-suffers-outages-amid-bitcoin-surge.html
http://www.news18.com/news/tech/coinbase-suffers-outages-amid-bitcoin-surge-1413231.html