Breaking: Crypto exchange Coinbase is down

The US crypto exchange Coinbase is down. The exchange is down because of the server provider Cloudfare the company utilizes, reported Metro. Cloudflare gives server assistance to more than twelve million websites.

Last week, Coinbase had some difficulties too. The exchange’s website was down for more than one hour and at that time the Bitcoin price was declined by more than $2,000.

Matthew Prince, Cloudflare CEO, tweeted:

https://twitter.com/eastdakota/status/1146057946494713858

The blackout created problems for many cryptocurrency websites. The cryptocurrency website Coindesk tweeted: ‘ Due to a Cloudflare outage, we’re getting bad data from our providers, which is showing incorrect crypto prices.

According to coinmarketcap, the current Bitcoin price is $10,494.32. The cryptocurrency exchange Poloniex also faced the outage but clarified that no funds were lost. The Poloniex tweeted:

Due to technical issues with our of our partners, Poloniex is currently unavailable for trading. We are working with our partner to resolve these issues as quickly as possible. All funds are safe, and we will keep you updated here.
— Poloniex Exchange (@Poloniex) July 2, 2019

Disclaimer: This information should not be interpreted as an endorsement of any cryptocurrency. It is not a recommendation to trade. The crypto market is full of surprises and overhyped assets. Do your research before buying anything. Do not invest more than you can afford to lose.

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