In a blog post on July 13, GDAX announced it will temporarily suspend Bitcoin transactions if a soft fork is activated on August 1. Tension is ratcheting up as the August 1 deadline for the BIP148 User Activated Soft Fork (UASF) approaches. Prices have already slumped in anticipation of a major market disruption, and most blogs have urged users to start protecting their Bitcoins in private wallets. The soft fork on August 1 may result
Tag Archive: GDAX
Bitcoin, Bitcoin Community, Bitcoin Technology, News, News teaser Ethereum, Markets and Prices, News
GDAX has promised to credit traders for any losses they experienced during the exchange’s Ethereum “flash crash” on June 21, when prices temporarily dropped to as low as $0.10. Last week, GDAX experienced an Ethereum “flash crash” when a multimillion dollar market sell was placed on their order book. Orders ranging from $317.81 to $224.48 were used to complete the trade, resulting in a recorded 29.4% price drop that quickly triggered a cascade of stop loss orders and margin calls.
Bitcoin, Companies, News, News teaser
Troubled exchange and wallet provider Coinbase has announced it is seeking another $1 billion in funding from unnamed investors. Coinbase $1bn Investment Round Bitcoin’s Biggest The Wall Street Journal reported Friday that this latest investment round would likely be the largest venture-backed cash fundraiser in the history of Bitcoin companies. Just this past January, Coinbase had gathered $75 million which coincided with Bitcoin’s dramatic increase in price and user uptake. Investors involved included the New York
Bitcoin, Bitcoin Exchange, Bitcoin Investment, News, News teaser, Online Privacy, Silk Road, Trending
Coinbase undergoes some changes, Bitcoin can’t break it’s drug habit, and Silk Road has a heart of gold. Here’s what you might have missed in this week’s cryptocurrency news: Also read: Industry Report: Bitcoin Hears Thunder, Ethereum’s Biggest Crowdsale, Kaspersky Kills Crime COINBASE Bitcoin exchange Coinbase is changing its name to Global Digital Asset Exchange (GDAX) after announcing support for Ether trading on its platform. Why is Ether suddenly all the rage? Recently, Ethereum has