Crypto Exchange Coinbase Fails To Stay Operating During Explosive Bitcoin Volatility

The popular crypto exchange Coinbase has come under scrutiny recently by the greater cryptocurrency community, after widespread frustration over system outages during peak Bitcoin volatility has boiled over. What’s causing the issues and why can’t Coinbase keep up with the meager crypto demand currently, and what does this mean for the next bull market if and when it happens? Coinbase Can’t Seem To Keep Their Platform Stable During Bitcoin Volatility Last night, Bitcoin price jumped by over $600 in less than an hour, just ahead of the first daily close…

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Ripple’s ODL Network Records ATH for XRP/AUD on BTC Markets Exchange

On-Demand Liquidity (ODL) for XRP paired with the Australian dollar reached a new all-time high of 15,640,530 AUD on the exchange BTC Markets. According to a recent tweet from the Liquidity Index Bot, the liquidity index for BTC Markets for XRP/AUD climbed to 15,640,530 AUD — approximately 10.6 million USD — on June 2, exceeding the previous ATH value. The XRP liquidity in Australian markets has seen a fairly steady rise since the beginning of 2020, despite the price remaining close to 0.20 USD since May 10.  Source: LiquidityB ODL…

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OKCoin Grants BTCPay Server $100,000 – Bitcoin Magazine

Today, San Francisco-based cryptocurrency exchange OKCoin announced a $100,000 donation to open-source bitcoin payment processor project BTCPay Server. The funding comes as part of the OKCoin Independent Developer Grant, which was launched last year. BTCPay Server’s product is free to use and its dependent on such contributions to continue operations. “Supporting infrastructure projects is key to our mission at OKCoin [and] we believe that the most impactful way to do this is by backing independent open-source developers; the ground troops and projects dedicated to creating and improving the core infrastructure…

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Bitcoin Closes May Candle Above Crucial Resistance, and That’s Big for the Bull Case

Just over an hour ago as of this article’s writing, Bitcoin closed the price candle for the month of May. This was a very important technical event for the cryptocurrency, analysts have said. And fortunately for bulls, BTC closed above a crucial region of resistance that would have otherwise restricted the asset’s potential upside. Bitcoin Closes Above $9,360, a Key Level Prior to the monthly close, there were analysts pointing to the low-$9,000s as a crucial region to watch. One “full-time scalper” shared the analysis below hours out from the…

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Crypto Set For a Major Recovery as Threat of Negative Rates Hang Over Fragile US Economy

Crypto is set to benefit immensely over the coming years as the wheels begin falling off the fiat system. While stimulus efforts may have delayed the social and economic impact of the situation we face, it is becoming more apparent that kicking the can down the road only proliferates the problem. A mass awakening to this is sweeping across the planet, as more people come to the realization that there is something deeply wrong with the current fiat system. With that, the search for alternative ways to exchange value has…

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Ransomware Attack Kidnaps Austrian City

Malware team, NetWalker, launched a ransomware attack against the Austrian village of Weiz. This attack affected the public service system and leaked some of the stolen data from building applications and inspections. According to the cybersecurity firm, Panda Security, hackers managed to penetrate the village’s public network through phishing emails related to the COVID-19 crisis. COVID-19 as bait to deploy the ransomware The subject of the emails — “information about the coronavirus,” — was used to bait employees of Weiz’s public infrastructure into clicking on malicious links, thus triggering the…

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Hyperbitconization at the Third Halving – Bitcoin Magazine

Though the applications and adoption rate have a long way to go if Bitcoin is going to achieve its maximum potential, the third-ever subsidy Halving was an opportunity for Bitcoiners to celebrate its more than 11 years of life. In addition to hosting technical demonstrations, discussions with leaders of Bitcoin’s premier Layer 2 protocol and high-level presentations, Bitcoin Magazine’s BitcoinHalving.com live stream was a chance to focus on one of the community’s favorite topics: hyperbitcoinization. Further Reading: What Is The Bitcoin Halving? Fundamental Bullishness and the Bitcoin Halving In one…

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Bitcoin Market Structure Looks Very Similar to $10,500 February High

Since bottoming at $8,600 over five days ago, Bitcoin has performed extremely well. The asset rallied as high as $9,650 on Thursday, liquidating dozens of millions of dollars worth of shorts in the process. Simultaneously, Ethereum saw a massive breakout past a crucial level, suggesting that BTC has room to the upside. Even still, a top trader has suggested that Bitcoin’s recent price action is looking much like the price action seen at the February year-to-date top. Bitcoin Looks Much Like It Did at 2020’s Feb. Peak A crypto trader…

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