Crypto exchange Coinbase hit by tech trouble as bitcoin breaks $20,000 for first time
By Tom Wilson LONDON (Reuters) - Major U.S. cryptocurrency exchange Coinbase said on Wednesday its retail and professional-focused platforms were hit by connection problems and network congestion, as bitcoin smashed through $20,000 to its highest level ever. California-based Coinbase said on its website at 15:41 GMT it had 'implemented a fix' to address 'congestion issues' on its retail platform Coinbase.com and was monitoring the situation
By Tom Wilson
LONDON (Reuters) - Major U.S. cryptocurrency exchange Coinbase said on Wednesday its retail and professional-focused platforms were hit by connection problems and network congestion, as bitcoin smashed through $20,000 to its highest level ever.
California-based Coinbase said on its website at 15:41 GMT it had "implemented a fix" to address "congestion issues" on its retail platform Coinbase.com and was monitoring the situation.
Network congestion was also delaying the sending of ethereum - the second biggest cryptocurrency after bitcoin, and related tokens, it said. Its Coinbase Pro platform was also hit by the network congestion problems, it said.
Bitcoin earlier soared to $20,800, its highest ever, amid increased institutional and corporate interest. It has gained more than 170% this year as larger investors seek it for its purported resistance to inflation.
Ethereum, which often moves in tandem with bitcoin, also jumped more than 6%.
Last month Coinbase was hit by tech problems during a sharp correction for bitcoin, with users reporting difficulty trading.
(Reporting by Tom Wilson, Editing by Iain Withers)
This story has not been edited by Firstpost staff and is generated by auto-feed.
By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.