WSJ: $100 Billion Lost Because of 31-Year-Old Programmer (Day 25: 2018-01-25)

in blockchain •  7 years ago 

https://www.wsj.com/
By Paul Vigna and Jim Oberman
Jan. 23, 2018 7:00 a.m. ET

The drop was swift: Prices for bitcoin and dozens of other digital currencies on Jan. 8 fell sharply, lopping more than $100 billion off their collective market value.

The globe-rattling move can be traced to one address: An apartment in a new residential building across the street from a local union headquarters in a gentrifying section of Long Island City, Queens.

It is the workplace of Brandon Chez, the 31-year-old computer programmer behind coinmarketcap.com, a website that is a top source for data on bitcoin and hundreds of other cryptocurrencies. Mr. Chez’s site, which went live in 2013, has become one of the most heavily trafficked websites in the world.

https://www.wsj.com/articles/the-programmer-at-the-center-of-a-100-billion-crypto-storm-1516708800


Statistics from www.coinmarketcap.com:

Jan 25 2018 00:02:00 UTC
$558,180,000 USD: Total Market Capitalization
$29,847,900,000 USD: 24-Hour Volume
34.43%: Bitcoin Dominance

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