Chart explosion at Bitcoin, Ether and Ripple: Exchanges Coinbase and Bitfinex break down

The onslaught on cryptocurrencies like Bitcoin, Ether, Litecoin or Ripple as well as DDoS attacks led to failures on the Coinbase and Bitfinex crypto exchanges on Tuesday evening.

Coinbase and Bitfinex: collapse due to Bitcoin buyers

The chart of Bitcoin, Ether, Ripple or Litecoin move in dizzying heights. No wonder, then, that owners of cryptocurrencies want to silver their shares and start new investors in the race - and in large numbers. However, the huge onslaught on cryptocurrencies and the increasing DDoS attacks have made trading on the two big crypto exchanges Coinbase and Bitfinex on Tuesday night impossible. The stock markets collapsed, Reuters reports. Meanwhile, trade should be possible again.

Litecoin and Ether / Ethereum's stock price explosion on Tuesday and the ensuing rush to trading venues had forced crypto startup Coinbase to disrupt trading in the two crypto currencies. The associated stock exchange GDAX had to announce at least a "partial default" in the payment of Litecoins. On Tuesday alone, Coinmarketcap reported $ 1.8 billion worth of litecoins on GDAX, Coindesk.com writes. Litecoin briefly ranked fourth in terms of market capitalization in the crypto ranking - behind Bitcoin, Ether and Bitcoin Cash.

In Bitfinex not only the high onslaught, but especially a DDoS attack for the large-scale failure on Tuesday have worried. The stock exchange operator announced via Twitter that Bitfinex was under attack and that the API was down as well. However, users doubted this and - partly with a wink - made enormous numbers of users responsible for their failure and their constant refreshing of the courses on the site. Already last Thursday, Bitfinex had announced that it would be plagued by DDoS attacks.

Bitcoin is becoming more attractive, hacker attacks are increasing

In any case, the hacker attacks would not be unusual. With rising prices and ever-increasing trading volumes, cybercrime crypto and wallet providers are becoming increasingly interesting. In recent years, at least three dozen successful thefts of cryptocurrencies have become known, according to Reuters. One of them led to the collapse of Mt. Gox, the largest bitcoin marketplace, in 2014. Just last Thursday, the Slovenian crypto-mining platform Nicehash announced that it had been stolen from a hacking bitcoin worth about $ 70 million.

Source: http://t3n.de/news/bitcoin-boersen-brechen-zusammen-885612/

Peace love and crypto, HarimbadL