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Stock indexes opened slightly lower on Wall Street on Monday as losses in banks and healthcare stocks outweighed gains in other sectors.
Drugmaker AbbVie was down 1.9% in early trading, one of the biggest losses in the Standard & Poor’s 500 index. Bank of America was down about 1%.
Las Vegas gunman Stephen Paddock reportedly encountered hotel employees several times in days prior to shootingJanuary 6, 2018 | dailybusinessnews
Las Vegas gunman Stephen Paddock reportedly encountered employees at the Mandalay Bay Hotel and Casino “more than 10” times in the days prior to the deadly concert shooting ambush in October, MGM Resorts International said.
A suicide bombing and a separate explosion from a roadside mine combined to kill at least 25 and left at least 32 wounded in Kabul, Afghan police said.
A massive influx of new clients begging you to take their money is the best kind of problem any business could dream of having. Nevertheless, bitcoin exchanges are now having to cope with such a situation by finding ways to reduce the load. As a result new traders are left with fewer options as, one by one, venues have been closing their doors to clients.
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Whether you are trying to get into the bitcoin world for the first time or are a veteran investor attempting to diversify your trading venues, you have likely noticed it isn’t easy to open an account with many exchanges these days. These companies are bombarded with applications and support teams are failing to maintain a timely service. A number of them have already given up on accepting new clients for the time being, so as to be able to handle existing business.
Bittrex acknowledged previously reported users’ complaints and explained its decision to halt new registrations by writing that: “We are excited to have so many new users who want to join the Bittrex community. Unfortunately, we have to make a few upgrades to our support and backend systems to handle the increased traffic and load.”
CEX.IO explains its suspension of new registrations in a similar way: “Every day, an enormous number of users registers on our exchange…this has been putting additional pressure on our support and verification teams. Currently, we’ve come to a point when the number of tickets submitted to our support team became critical.”
And Bitfinex has this message to anyone trying to sign up: “The reason we have decided to temporarily stop accepting new accounts is that we cannot undermine the quality of our services for our existing traders by flooding the system with new, small accounts.”
Other exchanges might not have announced an explicit decision to stop accepting new clients, but many people are complaining that this is what is happening in effect as their applications are simply not being handled. If you are waiting in line forever while the price of bitcoin is going up, the feeling can be agonizing.
Meanwhile, having to rapidly onboard so many new clients has made providing normal service much more challenging for exchanges. Kraken for example acknowledged that: “Performance is extremely degraded and unreliable. Clients can expect severe latency and difficulty interacting with all web and API services. Requests will frequently timeout and fail. At the moment, the only solution is to wait and try again later.”
What recent exchange issues have affected your trading? Let us know in the comments section below.
Images courtesy of Shutterstock.
The post Several Bitcoin Exchanges Are Closing Their Doors to New Traders appeared first on Bitcoin News.
Several people were reportedly wounded when a person opened fire at a northern New Mexico school Thursday morning.
A U.S. drone strike killed “several militants” with al-Shabab in Somalia, the military said, as the Trump administration increasingly targets what has become the deadliest Islamic extremist group in Africa.
A Pennsylvania State Police trooper who was shot several times during a traffic stop likely saved his own life by applying a tourniquet to his leg before help arrived, per the AP . Cpl. Seth Kelly, 39, remained hospitalized in critical condition after suffering gunshot wounds to his neck and shoulder…
The US military for the first time has conducted two airstrikes against Islamic State group fighters in Somalia, where the extremists are a growing presence in a country long threatened by the al-Qaeda-linked al-Shabab. The US Africa Command said the two drone strikes killed “several terrorists” in northeastern Somalia, the…
JetBlue Airways is removing its fares and schedules from 11 online travel booking sites, saying the move will cut costs and help keep fares low.
The decision follows the lead of Southwest Airlines, which has long kept its booking information from some of the most popular online travel sites. Delta…