Bitfinex Resumes Trading After Unexpected 2-Hour Outage as Crypto Markets Surge

Hong Kong-based cryptocurrency exchange Bitfinex notified users in a tweet Saturday, Feb. 9, that it had temporarily gone offline for all users, as crypto markets saw major gains. Initially, the company wrote that the platform was unavailable only “to some users” and apologized for the inconvenience, without specifying a cause for the outage. However, about thirty minutes later, Bitfinex clarified that it had gone offline for all of its users, citing a “poor […] choice of wording” as the reason for the misinformation. The full statement reads: “We apologise for…

Wells Fargo Outage Makes the Case for Bitcoin (BTC) and Crypto

The Wells Fargo outage is spilling over into its second day as more and more customers of the bank’s electronic services have little to no access to them. Many customers of the American bank who rely on convenient services such as online and mobile banking, direct deposits from wages and basic ATM services, have had to go for another 24 hours without knowing the fate of their bank accounts. Systems Shutdown due To Smoke Wells Fargo has since issued statements stating that it is working on solving the problem that…

Crypto Community Responds to Mastercard Outage

Crypto community responds to Mastercard outage: Global payment giant Mastercard suffered a huge outage last week that led to a substantial hold-up in users’ transactions. Mastercard down – users report card payments failing due to glitch https://t.co/UxaCec5vhQ pic.twitter.com/XsSlIlqaLQ — Frédérique FP (@Frederique_FP) July 16, 2018 First reported by the Financial Times on July 12th, the outage had a global impact that sparked major complaints from consumers. Mastercard suffered outages across the US and most of Europe. Some issues? We were unable to get our rental car and now we’re losing half…