Bitcoin Exchange Coinbase Suffers Amid Trading Frenzy, Record Highs

Major bitcoin exchange Coinbase is currently seeing a service outage due to ‘maintenance’ at a time when bitcoin prices are soaring to new all-time highs. The soaring interest and demand for bitcoin has seemingly crippled prominent bitcoin exchange Coinbase yet again (and again). San Francisco-based Coinbase, one of the world’s largest and most prominent bitcoin trading platforms with operations in over 30 countries, is presumably feeling the stress of heightened traffic and/or trading, forcing the operator to suspend operations temporarily to undergo maintenance. Users are currently greeted with the following…

Japan’s BitFlyer Opens Bitcoin Exchange in the United States

Tokyo-based bitcoin exchange bitFlyer has announced its official expansion into the United States and has also been granted a BitLicense to operate in New York.Announced today, the official launch of bitflyer USA follows a closed beta where 2,000 select traders bought and sold bitcoin through the newly launched platform. bitFlyer, Japan’s largest bitcoin exchange by trading volume, established an office in San Francisco in August and notably revealed it had already obtained regulatory approval to operate in 34 states, at the time.Coinciding with its launch today, bitFlyer confirmed its formal…

$10,000 Bitcoin Price is “Cheap, Highly Undervalued”: Gatecoin Executive

Hong Kong-based cryptocurrency exchange Gatecoin’s marketing chief has stated that bitcoin price, despite these boom times, is “undervalued.” In a televised interview with Bloomberg today, Gatecoin’s marketing chief and head of business development for Asia Pacific Thomas Glucksmann was led onto the subject of bitcoin’s “fair value”, at a time when prices are nearing $10,000 – a remarkable 10x gain since the turn of the year. The bitcoin executive professed the market remains relatively “illogical” compared to traditional financial assets where price predictions are analyzed over usual valuation metrics. Asked…

Coinbase Becomes #1 Trending Apple App Amid Record-Setting Bitcoin Price Rally

In the latest sign that bitcoin is becoming a mainstream financial asset, the iOS app for bitcoin exchange Coinbase is now the top trending search in the App Store. Last week, friends and families across the U.S. gathered together to celebrate Thanksgiving. As in previous years, the subject of bitcoin was likely broached around many tables. However, unlike in previous years, the subject was not necessarily introduced by the resident bitcoin investor, and — perhaps for the first time — the other people at the table truly listened when he…

Cryptocurrencies Surpass Market Cap of Visa

The market valuation of all of the cryptocurrencies combined has surpassed the market cap of leading financial service provider Visa, by $30 billion. At the time of reporting, the market cap of Visa remains just above $254 billion, while the market valuation of the entire cryptocurrency market is $285.9 billion. Visa vs Cryptocurrency Market by Numbers According to the Visa 2016 annual report, the Visa network processes around $5.8 trillion worth of transactions per year, mostly from the 3.1 billion visa debit and credit card issued globally. More than 83.2…

Ethereum Price Moves Closer to $500, as New All-Time Highs Achieved

The Ethereum price achieved $483 for the first time in history, moving closer to the $500 mark. Billionaire investor Mike Novogratz expects the price of Ether to surge throughout 2017. Optimism Around Development The Ethereum network remains as the only public blockchain that process more transactions than the Bitcoin network on a daily basis. In fact, the Ethereum process more transactions than all of the cryptocurrencies in existence combined, including bitcoin, Bitcoin Cash, Ripple, and Litecoin. Over the past few months, the Ethereum Foundation and the open-source development community of…

Bitcoin Gold Price Soars Past $400 After Bithumb and Bitfinex Add BTG Trading Pairs

The bitcoin gold price has been surging this week, in part due to the addition of BTG trading pairs to cryptocurrency exchange giants Bithumb and Bitfinex. As CCN reported, bitcoin gold got off to a rocky start after forking away from the main bitcoin blockchain in early November. Beset by DDoS attacks, a third-party wallet scam, and questions about its developer premine, the bitcoin gold price languished below $200 for most of November. However, on November 20, the bitcoin gold price began to surge. Within six hours, the bitcoin gold…

Behind the Coin: Enjin (ENJ)

This is the second post in the Behind the Coin series. We are bringing you information that may not be currently known to the public, asking questions of the company leadership to get you inside information, and today is no different. First of all, what is Enjin Coin?Enjin is a decentralized platform that allows users to create, manage, distribute, and trade virtual goods. Have you ever played a game and spent hours earning a rare item? What if when you finish the game, you could sell that rare item for…

Ethereum Price Achieves New All-Time High at $415

On November 23, the price of Ether, the native cryptocurrency of the Ethereum network, achieved a new all-time high at $415. With its recent surge in price, the market valuation of Ethereum has moved closer to the $40 billion mark, a market cap that is larger than seven of the 10 largest cryptocurrencies in the market combined, with the exception of bitcoin and Bitcoin Cash. The demand for Ether has been evenly distributed across two major markets, South Korea and the US. South Korea’s Bithumb, the largest cryptocurrency exchange in…

Bitstamp to Launch Bitcoin Cash Trading Pairs in December

Bitcoin exchange Bitstamp has announced that it will launch bitcoin cash trading pairs during the first week of December. When bitcoin cash forked away from the main bitcoin blockchain at the beginning of August, many people were skeptical that it could garner enough support to remain viable. Consequently, quite a few cryptocurrency exchanges and services — including Bitstamp — took a wait-and-see approach to the fork. However, nearly four months after the fork, bitcoin cash retains the third spot in the market cap rankings and is currently trading near $1,200…