|
Bitcoin 'Glitch' Sparks 23% Flash CrashZero HedgeMar. 13, 2013 |
Popular 
Bari Weiss' Free Speech Martyr Uri Berliner Wants FBI and Police to Spy on Pro-Palestine Activists
Telegram Founder Changed Mind on Setting Up Shop in San Francisco After Being Robbed Leaving Twitter HQ
America Last: House Bill Provides $26B for Israel, $61B for Ukraine and Zero to Secure U.S. Border
MSNBC's Joy Reid Celebrates Prosecution of Trump as Racial Revenge Against Whitey
Ukraine Tells The U.S. It Wants to Be Treated Like Israel
 While we are used to seeing insta-crashes in our highly-regulated and trustworthy equity markets, the unregulated digital world of Bitcoins suffered another flash-crash last night. According to Ars Technica, the 23% plungefest in the value of the digital currency (the second in a week) was due not to Waddel & Reed, not HFT algos, but 'forking' Cryptographic algos gone wild agreeing on different (legacy) keys as being correct - akin to finding Tungsten in your Gold bars (and hence the drop in the value). Read More 
|
