Coinbase suspends trading amid cryptocurrency rout

Bitcoin Cash Price Rebounds Strongly and Eyes $3,000 Target					            JP Buntinx

The world's largest and best-known digital currency was priced at $12,900 just after noon EST, down approximately 17.6% since Thursday, according to data at Coinbase, one of the largest bitcoin markets.

Back in August, bitcoin split into two, creating Bitcoin Cash, in what's called a "hard fork".

Bitcoin plunged at the end of a rocky week, taking the digital currency below $12,000 and down more than 40 percent from its record high hit Sunday.

Bitcoin was trading at $11,910 U.S. just before 10 a.m. Friday, according to cryptocurrency tracker, sending the currency down 27 per cent since Thursday.

Coinbase announced the news on its site Friday morning. Take Thursday, December 21 for example: after Bitcoin dropped more than 5% in 24 hours, shares of both Bitcoin Trust (OTCMKTS:GBTC) and Riot Blockchain (NASDAQ:RIOT) dropped more than 15%.

Thursday Apple Rumors: Apple May Be Developing Better Batteries
We have now extended this feature to the iPhone 7 with iOS 11.2 and we plan to add this feature to other products in the future. On Slate, technology writer Will Oremus said Apple's secrecy allowed conspiracy theories about planned obsolescence to thrive.

Toys R Us faces collapse with loss of all 3200 United Kingdom jobs
The parent company filed for Chapter 11, the USA version of administration, in September after running up $5bn (£3.7bn) of debts. Mr Weir added that: "Whatever the outcome of the CVA the pension scheme members can be reassured that they remain protected".

Facebook's New Facial Recognition Feature Finds You in Untagged Photos
In conjunction with the new facial recognition tools, Facebook put out another post in its " Hard Questions " series. According to Sherman, this option will "completely turn off face recognition technology" for a user's account.

Former Goldman Sachs Group Inc (NYSE:GS) macro trader, Michael Novogratz, said that he is halting his plans of starting a cryptocurrency hedge fund and has a bad feeling that Bitcoin could hit $8,000 soon.

It was only a month ago that it was disclosed that Coinbase had more users than stock brokerage Charles Schwab, and for those reasons and many more, it is surprising to realize that this isn't the first issue the exchange has faced in recent months.

Buys and sells on Coinbase, the largest cryptocurrency exchange in the USA, were disabled for a little over two hours Friday amid a massive cryptocurrency sell-off.

Coinbase has struggled to fully function under high-traffic and volatile moments in the crypto-market. As the Bitcoin bears and sharks begin to circle, these new Bitcoin futures may give them a place to strike.

Bitcoin has risen more than 1,000 per cent this year. Oldenburg goes on saying that investing in Bitcoin now would be the "riskiest" investment someone could make.

Related news:

Hot News

isis-killer-beheading-video-story-top Khloé Kardashian Confirms Her Pregnancy Will Be Documented On KUWTK
Dec 23, 2017 - 01:46
KHLOE Kardashian has revealed that her baby announcement WILL be aired on her reality show, Keeping up with the Kardashians . Kylie Jenner is still not showing us her baby bump, but it might not be because she doesn't want to.

isis-killer-beheading-video-story-top Princess Michael Sorry for Racist Brooch ... I'm Going to Retire It
Dec 23, 2017 - 01:38
The princess strongly denied the allegations, claiming she said that she would be "ready to go back to the colonies ". No word yet on a response from Princess Michael , or if Markle was even offended by the brooch.

isis-killer-beheading-video-story-top FBI Thwarts Man Allegedly Planning Christmas Terror Attack At Pier 39
Dec 23, 2017 - 01:22
He wanted to use explosives to "funnel" people into an area where he could then fire upon the crowd, investigators said . Jameson also signed the letter "Abdallah abu Everitt ibn Gordon al-Amriki", an Arabicized version of his name.

isis-killer-beheading-video-story-top For Christmas, Ohio teachers get wine bottles with student's face on labels
Dec 23, 2017 - 01:15
At the time of this writing, the photos were liked more than 36,000 times and were retweeted more than 5,000 times. My parents always get our elementary school teachers a present around Christmas.

isis-killer-beheading-video-story-top Christmas Kettle Campaign issues urgent plea
Dec 23, 2017 - 01:13
The Salvation Army's Christmas Family Feast is on Christmas Day. "We want to thank all the organizations that helped us this year".

isis-killer-beheading-video-story-top Uber suffers new blow as European Union court rules it's a taxi service
Dec 22, 2017 - 01:32
According to the company, Uber already follows the transportation law of most European Union countries where they operate. Aside from hiring Dara Khosrowshahi, the company doesn't have much to show for itself, other than a slew of scandals.

isis-killer-beheading-video-story-top Facebook, Universal Music strike multi-year licensing deal
Dec 22, 2017 - 01:22
Earlier this month, Facebook released its own collections of songs and song effects. The move will soon bring UMG's music catalog to Facebook , Instagram, and Oculus .

Chances slight for a white Christmas
Dec 22, 2017 - 01:11
As of Wednesday, the average daily temperature in Grand Island has been 9 degrees higher than the 30-year average. Plus, there is a second cold front coming right behind the first one, which should help cool temperatures down.

isis-killer-beheading-video-story-top Flu not hitting area as hard as other counties
Dec 22, 2017 - 01:09
Burton has been in nursing since 1989; and has worked in infection prevention for the past seven and a half years. Howard, acting commissioner of the state Department for Public Health, said there's still time to get a flu shot.

Diddy wants to buy the Panthers, vows to hire Colin Kaepernick
Dec 21, 2017 - 01:14
Panthers spokesman Steven Drummond said Sunday the team requested the league take over the investigation. Two-time NBA MVP Curry, who is from North Carolina and a huge Panthers fan, responded: " I want in! ".

isis-killer-beheading-video-story-top Customer charged $350 after leaving negative review of Indiana hotel, lawsuit alleges
Dec 21, 2017 - 01:13
Mrs Arthur said the letter frightened her so she took the review down. "I was very angry they had done that". The Office of the Attorney General is suing the management company that operates the hotel.

isis-killer-beheading-video-story-top Blake Shelton Takes Home Sixth Win on 'The Voice'
Dec 21, 2017 - 01:13
Prior to her win, Kohanski rocked the studio as she performed a duet with rock legend Billy Idol , singing "White Wedding". After a night packed with performances, Chloe Kohanski on Tuesday was named the victor of The Voice season 13 on NBC.

isis-killer-beheading-video-story-top PUBG Patch #1 for Xbox One Download Available Now
Dec 21, 2017 - 01:11
Digital download codes will apparently be given to buyers at most retail outlets, not just at official Microsoft Store locations. According to Eurogamer , it's believed that the desert map will hit the Xbox version of PUBG sometime in early 2018.

isis-killer-beheading-video-story-top Former Piston Villanueva Goes Off On Twitter After Thieves Steal His Toilet
Dec 21, 2017 - 01:11
He described the break-in as "mind-blowing" and the "shock" carried over into Wednesday morning as Villanueva continued to tweet. Burglars broke into Charlie Villanueva's home, but they allegedly weren't interested in cash or jewelry.

isis-killer-beheading-video-story-top House passes GOP tax overhaul
Dec 20, 2017 - 01:25
The bill would almost double the standard deduction used by most taxpayers, while those who itemize would lose some deductions. Ryan was wrapping up debate on the House floor on Tuesday ahead of the vote on the $1.5 trillion tax package.