Glitch cryptocurrency
Amid the rising cases of crypto-related hacks, a weird instance left the followers of cryptocurrency website CoinMarketCap scratching their heads. On the eve of Tuesday, December 14, CoinMarketCap, touted as one of the biggest crypto websites globally, began flashing wildly erroneous prices for Bitcoin, Ether, and several altcoins. Relatively unknown cryptocurrencies were also being displayed in the list of top ten crypto coins on the website. The matter emerged to be one of the trending topics of discussions on Twitter, with several people suspecting a hack attack on CoinMarketCap.
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- Eth crypto currency glitch gcon for apps websites vector image
- CoinMarketCap glitch briefly creates fake trillionaires
- Glitch Crypto GIF by ElrondNetwork
- Crypto Exchange Glitch Temporarily Makes Traders Instant Trillionaires
- Crypto exchange glitch causes duplicate purchases, delayed credits
- Major cryptocurrency glitch has traders thinking they’re billionaires
- Who owns any cryptocurrency? Were You swindling to riches of a Price Glitch, to blame?
- This Coinbase glitch led to soaring cryptocurrency prices
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CoinMarketCap glitch briefly creates fake trillionaires
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Glitch Crypto GIF by ElrondNetwork
We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. To learn more or opt-out, read our Cookie Policy. Multiple cryptocurrency prices went soaring Wednesday due to a Coinbase glitch. A glitch on the cryptocurrency trading platform Coinbase led to soaring crypto token prices Tuesday morning, according to Bloomberg News. Prices of crypto coins went wild on both Coinbase and CoinMarketCap. Some of the most popular coins — Ethereum , Tether , Binance Coin , Solana , Cardano , Polkadot and Dogecoin — all soared in value because of the glitch. Multiple reports suggested that the CoinMarketCap. Start your day with the top stories you missed while you were sleeping. Cookie banner We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. By choosing I Accept , you consent to our use of cookies and other tracking technologies.
Crypto Exchange Glitch Temporarily Makes Traders Instant Trillionaires
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Crypto exchange glitch causes duplicate purchases, delayed credits
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Major cryptocurrency glitch has traders thinking they’re billionaires
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Who owns any cryptocurrency? Were You swindling to riches of a Price Glitch, to blame?
The glitch affected both Coinbase and Binance-owned price-tracking website CoinMarketCap on Tuesday before it was fixed and the numbers came down to their legitimate amounts. Unfortunately, those lucky enough to see their balances skyrocket by trillions of dollars were unable to sell their inflated cryptocurrency due to the glitch being merely an error in the display. Coinbase LOL — wtf is going on?
This Coinbase glitch led to soaring cryptocurrency prices
The completely digital, unregulated currencies can ebb and flow based on all kinds of different stimulus. But, as thousands of everyday traders found out this week, they can also be subject to glitches — just like any other piece of computer code. Astronomical gains were being shown for the most popular crypto tokens like Bitcoin, Ethereum and Cardano. Plenty of other traders seemed to enjoy their temporary gains — posting screenshots of the glitch on Twitter.
The extreme drop in prices was due to a glitch on the website, which surfaced during the early hours of Wednesday. The glitch wrongly displayed cryptocurrency trading prices and was solved after nearly an hour. Pricing data has since come back to normal at press time, but data for all-time highs for cryptocurrencies remains faulty. They track pricing and trading data on crypto exchanges in real time — referencing the data against each other for a double-check — before publishing prices on their site. But as with all things technology, mistakes do occur. A bug on CoinMarketCap wrongly displayed the prices of all cryptocurrencies early Wednesday, even as exchange data itself remained accurate. The glitch caused the likes of Chainlink co-founder Sergey Nazarov to recommend decentralized alternatives to provide pricing data.
If you have a currency, you may feel like you won the lottery on Tuesday afternoon. The prices for Bitcoin and other virtual currencies suddenly skyrocketed to insane levels. Instead, a glitch at Coinbase and CoinMarketCap is likely to cause the spike in the cryptocurrency market, deflating the hopes of many cryptocurrency users. At one point the glitch caused the price of a single Bitcoin to reach billion.
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