Tuesday, August 21Always On-point

Zim Bitcoin exchange, Golix, goes down for hours

Golix, Zimbabwe’s only cryptocurrencies exchange went down for several hours today. It was down since early hours today (we found out at 5AM) and has just been restored.

We’ve reached out to Golix CEO, Tawanda Kembo and he’s told us they were having an issue with their hosting provider. “We were offline because we had a problem with our hosting provider earlier but it’s now resolved now.”

Kembo added:

In a startup with a fail-fast culture such as ourselves, disruptions will happen here and there. Some of our customers will note that this is not the first disruption, but the time it takes to come back online is getting shorter each time. We’re not there yet, but we’re getting there.

The platform has suffered a few service disruptions the past several weeks, with majors ones (lasting several hours) around 7 December and 23 January.

Golix recently disclosed it now has some 45,000 customers. The platform so far enables customers to trade USD with Bitcoin, Bitcoin Gold, Bitcoin Cash, Litecoin, Dash and Ethereum (as well as trading cryptos with cryptos).

The current price of Bitcoin on Golix is $14,000 a decent rise from around $11,000 two weeks ago. Internationally, the Bitcoin price is currently about $10,000, also on a recovery trend.–techzim

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