The website and mobile app of U.S. cryptocurrency exchange Coinbase are down as bitcoin is nearing $17,000, within striking distance of its all-time high of $19,665 set in 2017.
Update (Nov. 16, 22:35 UTC): According to the Coinbase status page, the incident was resolved at 22:27 UTC.
According to a company update, a fix has been implemented and the company is "investigating this issue."
Coinbase has suffered a number of outages during busy trading periods this year including most recently on Oct. 27.
The outage comes at a time when bitcoin has been fast approaching new highs not seen since Jan 7, 2018.
At press time, bitcoin was at $16,834, up 6.27% over the last 24 hours.
CNBC reported Tuesday that Musk is discussing a merger between Tesla and SpaceX that would tie his tech empire closer together and instantly create the world’s fifth-largest corporate bitcoin treasury, worth $3.3 billion.
Lo que debes saber:
Elon Musk is exploring a potential merger of Tesla and SpaceX, a move that would deepen operational overlap in areas such as power infrastructure and AI-related computing.
A combined Tesla-SpaceX entity would control about 30,221 bitcoin, worth roughly $3.3 billion, making it the fifth-largest public corporate holder of the cryptocurrency.