Bitcoin Network Suffering Major Transactions Backlog

By July 11, 2015Bitcoin Business

Due to the sudden rise in bitcoin transactions over the past few days, the bitcoin network is currently undergoing a major backlog. This increase has mostly be due to the ongoing Greek debt crisis , which prompted the implementation of capital controls in the country and funds being moved to other currencies.

Banks are closed and the stock market has halted trading in Greece while the European Central Bank has declined to increase its emergency […]

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