Coinbase Is Now The Most Popular App On Apple App Store

Coinbase Is Now The Most Popular App On Apple App Store

"Certainly there's more attention to bitcoin right now, and the higher the price goes, there's more attention", said Neha Narula, director of the MIT Media Lab's Digital Currency Initiative.

It was the first time such an incident had transpired.

The massive tear upwards seems to have put pressure on Coinbase's infrastructure, with the exchange saying on Twitter that users were experiencing issues logging into their accounts because of record traffic. At around 1:00 p.m. ET, Coinbase reported that the ID system was failing to complete "for a significant number of customers" because of high traffic.

Coinbase, the largest platform for buying and selling cryptocurrencies in the U.S., has experienced several outages as the price of bitcoin has skyrocketed to new highs. Even Saturday afternoon, Coinbase listed the price of a bitcoin around $15,000, while the CoinDesk hovered around $14,700. 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".

Ryan Reynolds Will Play Pikachu in Live-Action Pokémon Movie
So as you can probably guess, the movie will also feature a talking Pikachu, very likely speaking in Reynolds' voice. He's now going to play another iconic nerd culture character, but it's not someone (or something) you would expect.

The site on the web was in an offline mode and out of order, according to TechCrunch.

Bitcoin, the volatile cryptocurrency, is the new gold rush. "We're glad to have expanded to the USA at this time with so much interest due to the impending Bitcoin futures launches", bitFlyer COO Bartek Ringwelski, said in an email. Subsequently, Coinbase site was down for support for quite a long time.

The news of Coinbase success came as another Bitcoin mining firm suffered a major hack. What that meant was that the rate got magnified by over 20% in the course of a single day.

The rise for Bitcoin over the course of 2017 has been exponential. By September, it was valued at around $3,250 and has risen rapidly in the months that have followed.

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