{"id":111895,"date":"2021-02-08T23:20:34","date_gmt":"2021-02-08T23:20:34","guid":{"rendered":"https:\/\/precoinnews.com\/?p=111895"},"modified":"2021-02-08T23:20:34","modified_gmt":"2021-02-08T23:20:34","slug":"kraken-users-suffer-connectivity-issues-as-bitcoin-prints-new-highs","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/kraken-users-suffer-connectivity-issues-as-bitcoin-prints-new-highs\/","title":{"rendered":"Kraken Users Suffer Connectivity Issues as Bitcoin Prints New Highs"},"content":{"rendered":"

Kraken, one of the world\u2019s longest-operating cryptocurrency platforms, said on its website that it was experiencing technical issues that locked out clients of their accounts. Until a fix was implemented shortly, Kraken has also temporarily halted the on-boarding of new users amid bitcoin\u2019s parabolic price rally.<\/p>\n

\nCurrently so many exchanges including Kraken and Voyager are dealing with overloads in signups.<\/p>\n

This is exactly like Coinbase overloads in 2017 around April, where everyone was trying to fomo in before the big run up.<\/p>\n

Just imagine if this was just the start \ud83e\udd1d<\/p>\n

\u2014 NekoZ (@CryptoNekoZ) February 8, 2021<\/p>\n<\/blockquote>\n

Kraken\u2019s status page posted an incident report about users suffering disrupted connection to the exchange’s interface at 17:11 UTC.<\/p>\n

\u201cWe are receiving reports of clients having difficulty connecting to the site and while using the Kraken app. The issue appears to be connected to very heavy traffic. Sign-ups are temporarily disabled due to extremely high demand. Our engineers are still working to resolve the issue and we will share any updates as soon as they become available,\u201d per its status page.<\/p>\n

Indeed, this is a reoccurrence of a problem that often plagues the US crypto venues whenever bitcoin\u2019s price and volume spike.<\/p>\n

Offering its apology to disgruntled customers,\u00a0Kraken blamed a sudden surge in usage as the culprit that caused the connection failure.<\/p>\n

Clients also reported slower than normal response times and that the exchange\u2019s application programming interface was down. Other complained from difficulty connecting to the site, API and mobile apps.<\/p>\n

A Gentle Reminder to Crypto Traders<\/h2>\n

After investigating the issue for nearly two hours, the exchange said it had identified the cause of the problems and was implementing a fix.<\/p>\n

Kraken\u00a0attributed the issues to \u2018the very heavy traffic\u2019. It has pointed to an unexpected surge in transaction and user volumes leading to a server outage. The exchange, however, denied any connectivity issues are affecting payments using the\u00a0\u2018Buy Crypto\u2019 tool\u00a0as well as card payments via web and mobile.<\/p>\n

\nHello Andrew,<\/p>\n

Thank you for reaching out. The card payment issues we were experiencing earlier have been resolved. We apologize for any inconvenience caused.<\/p>\n

Please follow https:\/\/t.co\/SiYH5aAlw0 to get real-time updates.<\/p>\n

Best,
\nKraken<\/p>\n

\u2014 Kraken Support (@krakensupport) February 8, 2021<\/p>\n<\/blockquote>\n

Nearly all digital currency exchanges have faced significant growing pains today as Bitcoin price hit a new all-time high after investors reacted to news that Tesla had purchased $1.5 million of the cryptocurrency. All of which led to unprecedented traffic that crippled the exchanges\u2019 servers, akin to a DDoS attack.<\/p>\n

The No.1 digital coin gained over $5600 in just one day, topping out ahead of $45,000.<\/p>\n

Despite the ongoing development in crypto exchanges\u2019 technical infrastructure and engineering staff, the latest incident reminds crypto traders that access to even major platforms may become degraded or unavailable during times of significant volatility or volume.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Kraken, one of the world\u2019s longest-operating cryptocurrency<\/p>\n","protected":false},"author":3,"featured_media":111894,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nKraken Users Suffer Connectivity Issues as Bitcoin Prints New Highs - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/kraken-users-suffer-connectivity-issues-as-bitcoin-prints-new-highs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kraken Users Suffer Connectivity Issues as Bitcoin Prints New Highs - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Kraken, one of the world\u2019s longest-operating cryptocurrency\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/kraken-users-suffer-connectivity-issues-as-bitcoin-prints-new-highs\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-08T23:20:34+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/02\/ccryptafotoJesse-Powell-bloomberg.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/kraken-users-suffer-connectivity-issues-as-bitcoin-prints-new-highs\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/kraken-users-suffer-connectivity-issues-as-bitcoin-prints-new-highs\/\",\"name\":\"Kraken Users Suffer Connectivity Issues as Bitcoin Prints New Highs - 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