Bitstamp’s Ongoing Outage Echoes Through Bitcoin Economy

BitstampFollowing news that Bitstamp has suffered what now appears to be an enormous security breach, the effects of the surprise interruption at one of the biggest cryptocurrency exchanges have actually spread quickly through the bigger bitcoin economy.

From payment processors serving billion-dollar merchants to bitcoin ATMs and advanced trading platforms, Bitstamp’s stoppage caused priced quote rates in bitcoin to become inaccurate, some products to be suspended and choose services to be retailored because of the disruption.

The extensive ripple underscores the still-somewhat vulnerable nature of the bitcoin ecosystem and one that, 10 months eliminated from the failure of once-dominant Mt Gox, is still aiming to eliminate vulnerabilities from its network.Continue reading at CoinDesk CoinDesk

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