Berkshire Hathaway Vice Chairman Charlie Munger says bitcoin is beneficial to kidnappers and extortionists.
Because the cryptocurrency rage continues, buying and selling platform Robinhood is having hassle maintaining.
The corporate skilled an outage Tuesday morning as Ethereum and Dogecoin hit recent data, earlier than getting again on-line at 11:14 a.m. ET, in response to an replace on Twitter.
Ethereum, which is the second-largest cryptocurrency behind Bitcoin, with a market worth of $379 billion, rose to the $3,400 stage earlier than pulling again.
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Many Robinhood clients vented on social media as this isn’t the primary time the platform has had points with cryptos. In late April, an analogous sample was reported with “shopping for energy not updating straight away” as detailed in a Twitter replace. FOX Enterprise’ inquires to Robinhood for extra specifics weren’t instantly returned.
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Robinhood crypto clients are rising at a speedy tempo. Robinhood has seen six million new cryptocurrency merchants on its platform within the first two months of 2021.
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On the time, co-founder Vlad Tenev famous, “That is greater than the variety of new crypto merchants at Robinhood throughout the entirety of 2020.”
The corporate final month disclosed it was the No. 1 downloaded free app on the Apple app retailer.
