Biggest Crypto Exchanges Hit by Delays With Demand Surging

Stiglitz Says Bitcoin 'Ought to Be Outlawed'
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Investors fearful of missing out on the frenzy in digital currencies are being greeted with service outages and delays on some of the largest online exchanges.

Coinbase tweeted that traffic on its platform was at an all-time high with bitcoin surging past $11,000 earlier today, eight times the peak demand experienced in June. Gemini said it addressed performance issues after receiving complaints. GDAX said it resolved log-in problems, while Bitstamp tweeted that it resolved an issue with users not receiving confirmation emails. The latter tweeted that a delay on the bitcoin network may be to blame.