The largest cryptocurrency exchange, Binance, is struggling with a massive wave of incoming traffic as Tesla announced purchasing a mammoth $1.5 billion worth of Bitcoin to add to its balance sheet.
The company's chief, CZ, took to Twitter to announce: "certain lags observed in some regions." Looks like Elon Musk and Tesla are to blame again.
This has already happened earlier this month, when Elon Musk announced that he is a Bitcoin supporter and that Bitcoin might be in for a massive adoption spread in the near future in the corporate world.
On that day, CZ tweeted that Binance was facing all-time highs in all directions: new accounts, new deposits, trades, etc.
Yuri MolchanThis is the second time Elon Musk has disrupted Binance operations this year.
Earlier this hour, Bitcoin responded to Tesla's purchase by soaring to a new all-time high of $44,800.
Vladislav Sopov
Dan Burgin