GoldnBoy replied the topic: Shall we start discussing V.BLOC Global Blockchain tech
Wednesday, November 15, 2017
This is exactly what the bitcoin futures naysayers have been warning about: One of the exchanges which CME Group Inc. would use to price the contracts is having serious issues.
Clients of San Francisco-based Kraken are seeing slow responses from the website, connection timeouts, and delays in withdrawals, the cryptocurrency exchange said in a statement late Tuesday. "We are investigating these issues and working to resolve as quickly as possible," the statement said.
Problems in the fifth-biggest exchange by bitcoin trading volume come just three days after Seoul-based Bithumb's servers crashed as a sudden surge in usage caused a connection failure. The issues raise concerns about whether largely unregulated exchanges, without the safeguards of securities bourses, will be able to reliably provide prices for indexes tied to futures and exchange traded funds, and cope with higher trading volume that could come if institutional investors start buying cryptos. ...
The eye-popping surge in bitcoin this week is paying dividends for one of the biggest U.S. online cryptocurrency exchanges.
Coinbase Inc. added more than 100,000 users in the last 24 hours in the wake of the CME Group Inc.'s announcement Tuesday that it plans to introduce bitcoin futures by the end of the year. That's according to data collected by Alistair Milne, a portfolio manager at the Altana Digital Currency Fund. The number of users of the online wallet function offered by Coinbase has more than doubled since the beginning of the year, according to stats on the companys website.
As with the more than sevenfold increase in the price of bitcoin to more than $7,000 this year, new customers may be wise to proceed with caution. Coinbase's GDAX platform drew scrutiny from the Commodity Futures Trading Commission last month over the June 21 flash crash that erased most of the value of ether, the second-largest cryptocurrency, in a matter of milliseconds.