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Cyber Attacks and Falling Prices Just Two Days Into Bitcoin Futures

Written by:
Guest
Published on:
Dec/12/2017

Cboe's Bitcoin futures fell slightly after soaring in their first full trading day Monday.  A number of exchanges were down as a result of apparent cyber attacks as well.


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Trading volume Tuesday afternoon was just over 1,000, versus about 3,000 between Sunday night and Monday morning.

Bitfinex reportedly was under a Denial of Service attack while Coinbase experienced a partial shutdown.

The later resulted in buys and sells for digital currencies ethereum and litecoin being "temporarily disabled."

A spokesperson for Coinbase, one of the leading platforms in the U.S. for buying and selling bitcoin, said in a statement early afternoon Eastern Standard Time "the site is seeing high traffic volume at the moment and some users may be experiencing intermittent service outages.”

Bitfinex had the largest share of U.S. dollar-bitcoin trading volume late Tuesday morning at 33 percent, while Coinbase had about 22 percent, according to CryptoCompare.

- Aaron Goldstein, Gambling911.com

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