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One event this week shows why digital currency markets still have a long way to go before they’re safe enough for large-scale trading.
On Wednesday afternoon, a “multimillion dollar” sell order was placed on the GDAX exchange for the digital currency ethereum. That triggered a chain of events that resulted in ethereum briefly plunging to 10 cents on the exchange, according to a blog post by the exchange’s vice president, Adam White.
https://www.cnbc.com/2017/06/22/buyers-beware-lessons-from-the-ethereum-flash-crash.html