Some part of the cryptocurrency trading community might have thought that $10,000 per coin is the absolute maximum Bitcoin can ever reach, and thus sold their Bitcoins lately, leading to a massive drop of the cryptocurrency price. Digital exchanges and services were not ready for such changes, and this is why the biggest and quite respected sites — Coinbase, Gemini, Bitstamp and others — stopped their work somewhere around 21:40 UTC.

In the case with Coinbase, for example, people could not enter their accounts, but the site itself worked and the team posted a link on a log that was often updated with assurances that the problem is going to be fixed soon. And in line with the...Read more BTC