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Why Coinbase, CoinMarketCap DataBases Showed Inflated Prices For Some Time

The issues with data errors have been fixed, according to Coinmarketcap.com and Coinbase.

Why Coinbase, CoinMarketCap DataBases Showed Inflated Prices For Some Time
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Following apparent faults on their respective platforms on Tuesday, popular data provider CoinMarketCap and crypto exchange Coinbase briefly displayed dramatically inflated cryptocurrency prices, prompting some users to assume they made significant gains off their holdings on December 14.바카라 웹사이트

바카라 웹사이트The price of Bitcoin (BTC) displayed on바카라 웹사이트coinmarketcap.com바카라 웹사이트on Tuesday evening was a whopping $789,432,690,634, whereas Ethereum (ETH) was shown바카라 웹사이트to be at바카라 웹사이트$38,884,629,258, according to NDTV.com.

바카라 웹사이트On both바카라 웹사이트the바카라 웹사이트platforms, crypto values appeared to be back to normal on Thursday, with바카라 웹사이트Bitcoin trading바카라 웹사이트around바카라 웹사이트$48,750.91.

바카라 웹사이트CoinMarketCap users were perplexed by this strange occurrence, and the바카라 웹사이트subject became one of the most talked-about topics on Twitter, with numerous people speculating that CoinMarketCap had been hacked, various media reports stated.바카라 웹사이트바카라 웹사이트

바카라 웹사이트A recent report on DarkWebLink revealed that cryptocurrency-related crimes in 2020 have amounted to around $10.52 billion, which has led to바카라 웹사이트the fears of rising cases of바카라 웹사이트hacking, NDTV reported.바카라 웹사이트

바카라 웹사이트Soon after, CoinMarketCap followers opened floodgates of “I am a millionaire” jokes and hack attack conspiracy theories on Twitter. A bunch of hashtags including #CoinMarketCap, #CoinMarketCapGlitch, and #CoinMarketCapHacked has been trending on Twitter since.

바카라 웹사이트Coinmarketcap.com addressed the situation on Twitter with a funny angle and tweeted, "How did it feel to be a trillionaire for a couple of hours?"

바카라 웹사이트However,바카라 웹사이트coinmarketcap.com바카라 웹사이트was concerned about this issue and tweeted, "Our website is currently undergoing바카라 웹사이트price바카라 웹사이트issues. The바카라 웹사이트engineering team is aware of바카라 웹사이트the바카라 웹사이트incorrect price information appearing on (the website). We are currently investigating and will update this status when we have more information."

바카라 웹사이트Later, the data provider made바카라 웹사이트it바카라 웹사이트clear that the "problem has been resolved”, although it did not say whether its servers had detected any kind of breach attempt.

바카라 웹사이트In addition, CEO of Crypto.com Kris Marszalek blamed CoinMarketCap.com and said it was working to remove the “unreliable price feed” from its site. Coinbase Global Inc.바카라 웹사이트president and바카라 웹사이트chief바카라 웹사이트operating바카라 웹사이트officer Emilie Choi also mentioned bad pricing data from CoinMarketCap.com, which is owned by rival exchange Binance, Bloomberg reported.바카라 웹사이트

바카라 웹사이트While giving the interview at the Bloomberg Technology Summit on Wednesday,바카라 웹사이트Choi said that바카라 웹사이트the incident was “indicative of an emerging industry".바카라 웹사이트

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