Money 'The platform is under extreme load:' Cyber attack brings major cryptocurrency exchange to its knees

11:50  06 june  2018
11:50  06 june  2018 Source:   msn.com

'Crypto addicts' treatment centre opens

  'Crypto addicts' treatment centre opens A treatment centre is opening in the Scottish Borders to treat people who are addicted to trading cryptocurrencies. The residential treatment course for "crypto addicts" is based in Castle Craig Hospital in Peeblesshire.The medical facility already runs treatment programmes for drug and alcohol addiction and hopes to treat people addicted to trading cryptocurrencies with techniques developed for gambling addicts.According to experts, cryptocurrency trading addicts show the same kind of behavioural addictions as problem gamblers.

One of the largest cryptocurrency exchanges shut Tuesday morning because of a cyber attack . " The platform is under extreme load ," Bitfinex said at 9:39 a.m. ET. Bitcoin was trading slightly lower at ,421 a coin, according to Markets Insider data.

One of the largest cryptocurrency exchanges shut Tuesday morning because of a cyber attack . « The platform is under extreme load ,» Bitfinex said at 9:39 a.m. ET.

Photo illustration of Bitfinex cryptocurrency exchange website taken September 27, 2017. Picture taken September 27, 2017. © Provided by Business Insider Photo illustration of Bitfinex cryptocurrency exchange website taken September 27, 2017. Picture taken September 27, 2017. Bitfinex, one of the largest cryptocurrency exchanges by trading volumes, was down Tuesday morning after it experienced a cyber attack. 

According to its incident page, the exchange shut early Tuesday morning after it experienced problems with its trading engine. For a short period the exchange was back online after the issue was addressed. But the exchange was then hit with a so-called denial-of-service attack, which is when a network of virus-infected computers overwhelm websites with massive amounts of data. 

Google brings its ARCore technology to China in partnership with Xiaomi

  Google brings its ARCore technology to China in partnership with Xiaomi Google is ramping up its efforts to return to China. Initially the technology will be available for Xiaomi's Mix 2S devices via an app in the Xiaomi App Store, but Google has plans to add more partners in Mainland China over time. Huawei and Samsung are two confirmed names that have signed up to distribute ARCore apps on Chinese soil, Google said previously.

‘ The platform is under extreme load :’ Cyber attack brings major cryptocurrency exchange to its knees businessinsider.com on 05.06.2018 17:4405.06.2018 19:57. One of the largest cryptocurrency exchanges shut Tuesday morning because of a cyber attack .

Next article ‘ The platform is under extreme load :’ Cyber attack brings major cryptocurrency exchange to its knees .

"The platform is under extreme load," the exchange said at 9:39 a.m. ET. "We are investigating. Seems a DDoS attack was launched soon after we relaunched the platform."

KRAKOW, POLAND - 2018/05/28: A bitcoin is seen at Bitcoin exchange shop in Wielopole Street in Krakow. (Photo by Omar Marques/SOPA Images/LightRocket via Getty Images) © Getty KRAKOW, POLAND - 2018/05/28: A bitcoin is seen at Bitcoin exchange shop in Wielopole Street in Krakow. (Photo by Omar Marques/SOPA Images/LightRocket via Getty Images) Crypto exchange outages were common at the end of 2017 as bitcoin soared to all-time highs near $20,000, but have been less common in 2018 as prices and volumes across the digital coin market have fallen back to earth.

In 2017, the breakneck growth of the market forced some exchanges to stop onboarding new users altogether. A flash crash at Bitfinex in December left customers demanding answers and refunds.

Hospital opens rehab program for cryptocurrency ‘addicts’

  Hospital opens rehab program for cryptocurrency ‘addicts’ Is trading bitcoin gambling? As mainstream adoption of cryptocurrencies grows, proponents continue to argue that buying bitcoin and other digital currencies is a bet on the future, the future of decentralized technology that could dethrone current payment systems and fiat currencies.Cryptocurrency trading may be dangerously addictive.

' The platform is under extreme load :' Cyber attack brings major cryptocurrency exchange to its knees . Continue Reading. Previous article IMF Releases Report on Cryptocurrencies : Highly Regards the Technology’s Benefits and Use Cases.

' The platform is under extreme load :' Cyber attack brings major cryptocurrency exchange to its knees . Previous article Crypto Exchange Bitfinex Suspects It ’ s Being Attacked Again.

Hacks and cyber attacks have long been a problem for the crypto space. Notably, Mt. Gox, which was the world's largest bitcoin exchange, witnessed a massive DDoS attack in 2013. It shut in 2014 after a $450 million hack. JPMorgan estimates that a third of bitcoin exchanges have been hacked. 

2018's less volatile trading environment has given exchanges an opportunity to catch their breath. Bitfinex didn't experience any technical incidents in the entire month of May. 

Bitcoin was trading lower in the aftermath of the DDos attack. The cryptocurrency was down 1.04% at $7,421 a coin, according to Markets Insider data. 

Related: Don't believe the bitcoin bears, says Fundstrat's Tom Lee (CNBC)


Bitcoin price tumbles to a 2018 low: Speculators who bought in at last December's peak are sitting on a 66% loss .
The price of bitcoin has tumbled to its 2018 low today and means that those who invested in December now may face an anxious wait to see if it can reach previous peaks.Bitcoin has fallen below $6,500, down to its lowest level since early November 2017, at which point a surge in interest saw its value dramatically increase. At its peak, the cryptocurrency raced to beyond $19,300 a coin as excitement over it reached fever pitch.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!