Crypto exchange Coinbase hit by connection, latency problems as bitcoin plummets

FILE PHOTO: Illumination of the stock graph is seen on the representations of virtual currency Bitcoin in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

LONDON (Reuters) – Cryptocurrency exchange Coinbase said on Thursday its retail and professional-focused platforms were hit by tech problems, with users reporting difficulty trading as bitcoin plunged towards its biggest one-day drop since September.

California-based Coinbase said on its website at 14:14 GMT it was investigating connectivity problems, adding at 14:42 GMT that it had identified the problem and implemented a solution.

In a separate post at 15:21 GMT on its Coinbase Pro site it said “increased latencies impacting order entry and settlement” for its Coinbase Pro service, adding it was investigating the problem.

A spokesman for Coinbase, one of the biggest cryptocurrency exchanges, declined to comment.

Coinbase users on Twitter reported problems trading.

One Coinbase Pro user told Reuters by message:

Read More

MobiCard Offers Digital Business Card Platform Exchange to Encourage Networking Despite Pandemic

CAMBRIDGE, Mass. – November 23, 2020 – ( Newswire.com )

COVID-19 has brought many restrictions, forcing companies to seek novel solutions in many areas. One of the most substantial areas of change is technology, which is now sufficiently robust to put networking and other vital business activities online. In this age of restrictions, MobiCard, a digital business card platform, is leading to new freedoms.

“Companies are seeing that technology done right offers numerous breakthroughs and refinements,” says Joshua Sodaitis, MobiCard’s Chairman and CEO. “On the client-side, as more and more customer interactions become digital in nature, we will only see an increasing demand for faster solutions. On the company side, creating a culture of digitization will help businesses remain relevant and ready for the next challenge.”

​The COVID-19 pandemic has expedited change, and according to a new McKinsey Global Survey of executives, companies are adopting a digitized approach to their

Read More

GoDaddy staff fall prey to social engineering scam in cryptocurrency exchange attack wave

GoDaddy employees were exploited to facilitate attacks on multiple cryptocurrency exchanges through social engineering and phishing. 

Staff at the domain name registrar were subject to a social engineering scam that duped them into changing email and registration records, used to conduct attacks on other organizations. 

As reported by security expert Brian Krebs last week, GoDaddy confirmed that the scam led to a “small number” of customer domain names being ‘modified” earlier this month.

Starting in mid-November, fraudsters ensured that email and web traffic intended for cryptocurrency exchanges was redirected. Liquid.com and the NiceHash cryptocurrency trading posts were impacted, and it is suspected that other exchanges may also have been affected. 

See also: Cryptocurrency platform dangles ‘bug bounty’ carrot to hacker who stole $2 million

According to Liquid CEO Mike Kayamori, a security incident on November 13 was caused by GoDaddy incorrectly transferring control of an account related to the firm’s

Read More

Mayweather Vs. Paul Exhibition Match Gains Ground Following Heated Social Media Exchange

KEY POINTS

  • Mayweather vs. Paul fight could happen in December
  • Logan claims he can lay out Mayweather with one good punch
  • Mayweather may fight Paul before the Japan exhibition fight in 2021

Floyd Mayweather Jr. plans to do an exhibition fight in February next year, but there could be one happening before that.

For some time now, a bout against internet personality Logan Paul has been in the air and it appears that an unusual face-off will be happening soon. It could happen as early as December.

Paul may have hit a nerve on the usually composed Mayweather when he ranted that he could lay out the undefeated boxer with one good punch in a video via TMZ Sports.

“If I caught Floyd with one punch—one punch—I would snap this f**ker in half,” Paul said on the video.

Initially, it appeared he was referring to a street fight. However, Paul 

Read More

Australia’s stock exchange shuts down for a day after a software glitch

The Australian Stock Exchange closed early on Monday following a glitch after upgrades went live, in the bourse’s worst outage since 2016.

Shortly after trading commenced at 10 a.m. local time, the exchange said it became aware of a market data issue. At 10:24 a.m., trading was paused. Before the stoppage, the S&P/ASX 200 index had been up 1.2 percent, its highest level since Feb. 27.

In the afternoon, the market said it would close for the rest of the day. In a statement, it said the issue had been identified and would be resolved overnight in time for normal trading on Tuesday.

“ASX is very disappointed with today’s outage and sorry for the disruption caused to investors, customers and other market users,” Dominic Stevens, the exchange’s managing director and chief executive, said in the statement.

ASX said a software issue related to the trading of multiple securities in a

Read More

Software glitch halts trading on Australia’s stock exchange, to reopen Tuesday

FILE PHOTO: A board displaying stock prices is adorned with the Australian Securities Exchange (ASX) logo in central Sydney, Australia, February 13, 2018. REUTERS/David Gray

(Reuters) – A software problem forced Australia’s stock exchange to halt trading 20 minutes after opening on Monday and it plans to reopen on Tuesday, the bourse operator ASX Ltd ASX.AX said.

The issue affected trading of multiple securities in a single order and led to inaccurate market data, ASX said.

“ASX and its technology provider Nasdaq have identified the root cause and a resolution path to fix it,” it said in a statement, adding that the issue wouild be resolved overnight.

The market will re-open as usual on Tuesday at 10 a.m. (2300 GMT Monday), it said.

The problem came to light as the ASX’s new equity market trading platform went live on Monday, despite more than a year of testing by customers, third

Read More

Technical glitch closes Australian Stock Exchange

Man in front of ASX market board.
Man in front of ASX market board.

The Australian share market was closed for most of Monday due to a technical glitch.

The Australian Securities Exchange (ASX) said the problem was a software issue that created inaccurate market data.

The markets had a strong opening before the ASX announced trading had been paused mid-morning.

The shutdown is the most serious since the exchange experienced a hardware failure in 2016.

Australia was one of 15 countries that signed a new Asian trade deal on Sunday – the world’s biggest trade pact.

ASX was introducing a new trading system for its equity market, which it has been testing for over a year.

“What happened today does not meet the high standards of operations and system reliability that we set ourselves, and that our customers should rightly expect of us. We apologise for the disruption,” ASX said in a statement.

The problem is

Read More

Australian Exchange Halted for Most of Monday on Software Issue

(Bloomberg) — Australia’s stock exchange opened for less than half an hour before a data issue forced it to close for the rest of Monday’s session, marring the debut day for an updated trading system.

ASX Ltd. and its technology provider Nasdaq have identified the cause and a plan to fix it, the exchange said in an emailed statement. “A software issue limited to the trading of multiple securities in a single order (combination trading) created inaccurate market data,” it said.

ASX said the issue will be resolved overnight with the market re-opening at 10 a.m. on Tuesday, adding that Monday was the “go-live” day for the refreshed trading system for ASX’s equity market after over a year of testing. The S&P/ASX 200 Index was up 1.2% before trading was suspended at 10:24 a.m.



ASX suspends trading soon after start of Monday session


© Bloomberg
ASX suspends trading soon after start of Monday session

“We are aiming to be

Read More