Coinbase

2024 - 2 - 28

Coinbase Chaos: Outages, Glitches, and $0 Balances

Bitcoin - Bitcoin Price - Coinbase - Crypto Exchange - Cryptocurrency

Crypto exchange Coinbase faces technical issues, leaving users with zero balances amid Bitcoin rally. Find out more here!

Crypto exchange Coinbase found itself in hot water as users experienced outages and glitches during Bitcoin's rapid surge in value. Reports flooded social media showing Coinbase users facing $0 balances and trading difficulties. The chaos intensified as the platform struggled to keep up with the soaring demand for cryptocurrency trading. Despite efforts to resolve the issues, frustration mounted among customers left in the dark with empty digital wallets.

In the midst of the Bitcoin frenzy, Coinbase's stock soared by over 4% as investors scrambled to capitalize on the cryptocurrency boom. The sudden surge in interest led to an influx of new users, further straining the already overwhelmed exchange. Coinbase's CEO cited a 'large surge' as the cause of the platform crash, highlighting the immense market interest in Bitcoin and other digital assets.

As Coinbase grappled with the fallout, the US Supreme Court weighed in on a separate arbitration case involving cryptocurrency customers. The court's decision could have significant implications for the industry, signaling a potential shift in legal proceedings for crypto exchanges and their users. Despite the challenges faced by Coinbase, industry experts continue to monitor the situation closely, anticipating further developments in the crypto market.

In an unexpected turn of events, Coinbase announced the addition of software programs for Ethereum staking, expanding its services to meet the growing demand for alternative cryptocurrencies. The move reflects Coinbase's commitment to staying ahead of the curve in the ever-evolving digital asset landscape. As the saga unfolds, Coinbase remains at the center of attention, navigating through turbulent waters while striving to meet the needs of its diverse user base.

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Image courtesy of "The Hill"

Crypto exchange Coinbase suffers outages amid bitcoin rally (The Hill)

Cryptocurrency exchange Coinbase experienced technical issues Wednesday as bitcoin, the world's largest cryptocurrency, soared to its highest price in more ...

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Image courtesy of "CNBC"

Coinbase users see $0 balance after crypto-trading app suffers glitch (CNBC)

Coinbase users took to social media platform X on Wednesday screenshots showing that their accounts appeared to have no money in them.

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Image courtesy of "The Wall Street Journal"

Stock Market Today: Dow, Nasdaq Fall; Coinbase, Beyond Meat ... (The Wall Street Journal)

Coinbase Global (COIN): The crypto exchange's shares leapt more than 4% in early trading amid ongoing Bitcoin fervor. The cryptocurrency recently [traded ...

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Image courtesy of "Investopedia"

Some Coinbase Users Unable To Trade, See Zero Balance Due to ... (Investopedia)

A Coinbase outage impacted some users during intraday trading Wednesday as bitcoin surged to its highest price in years. · The cryptocurrency exchange platform ...

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Image courtesy of "Coindesk"

Amid Ferocious Bitcoin Rally, a Coinbase Snafu Shows $0 Balances ... (Coindesk)

Coinbase users reported that their account balances showed $0 after bitcoin saw significant gains prior on Wednesday. The exchange said it was investigating the ...

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Image courtesy of "Bloomberg Law"

Frustrated Justices Likely to Side With Coinbase on Arbitration (Bloomberg Law)

The US Supreme Court appeared likely to rule against cryptocurrency customers seeking to avoid arbitration even while it was clear several justices thought ...

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Image courtesy of "CBS News"

Coinbase customers are seeing $0 in their accounts. The crypto ... (CBS News)

Some Coinbase customers are opening their digital wallets to find zero dollar balances in their accounts, an issue the cryptocurrency exchange platform ...

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Image courtesy of "Nasdaq"

Coinbase Crashes Following Bitcoin Pump, CEO Cites 'Large Surge ... (Nasdaq)

Coinbase, one of the leading Bitcoin and cryptocurrency exchanges, experienced a significant outage today as Bitcoin's price soared, leaving many users ...

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Image courtesy of "Coindesk"

Coinbase Adds 2 Software Programs for Ethereum Staking, to ... (Coindesk)

The publicly traded U.S. crypto exchange said it would add support for the additional Ethereum "clients" – computer programs used to access and run the ...

Coinbase to Participate in the Morgan Stanley Technology, Media ... (The Coinbase Blog)

Coinbase Global, Inc. announced today that Brian Armstrong, Co-Founder and CEO, and Alesia Haas, Chief Financial Officer, will participate in a fireside ...

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Image courtesy of "The Wall Street Journal"

Stock Market Today: Dow, Nasdaq Fall; Coinbase, Beyond Meat ... (The Wall Street Journal)

Users of crypto exchange Coinbase Global were having issues with the service Wednesday after bitcoin surged as high as $63000. Some Coinbase users reported ...

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Image courtesy of "Coindesk"

Coinbase Made an Arbitration Case to the U.S. Supreme Court ... (Coindesk)

In a second case involving a legal argument over arbitration, the U.S. crypto exchange again appeared in the high court to argue about these agreements that ...

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Image courtesy of "Reuters India"

Coinbase says outage affecting trading accounts beginning to improve (Reuters India)

Coinbase Global said on Wednesday it was beginning to see improvement in customer trading after an issue caused some users to see zero balance across their ...

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Image courtesy of "Forbes"

Coinbase Fixing 'Outages' After Users Report Seeing $0 Account ... (Forbes)

Coinbase, the largest cryptocurrency exchange in the U.S., experienced significant outages and errors that caused some user accounts to show a $0 balance ...

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Image courtesy of "Axios"

Coinbase investigating issue impacting trading, customer balances (Axios)

The issues on the centralized crypto exchange come on a heavy day of volatility for bitcoin.

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Image courtesy of "Yahoo Finance"

Insider Sell: Coinbase Global Inc's Chief Accounting Officer Jennifer ... (Yahoo Finance)

Coinbase Global Inc (NASDAQ:COIN), a leading provider of financial infrastructure and technology for the crypto-economy, has reported an insider sell ...

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Coinbase Adds 'Smart Wallet' Feature, So Lengthy Seed Phrases ... (Coindesk)

The smart wallet will be an addition to Coinbase Wallet SDK, and the embedded wallets feature will be powered by "wallet as a service."

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Prominent short-seller Citron targets Coinbase stock after exchange ... (Cointelegraph)

Coinbase's brief outage on Feb. 28 has now attracted the attention of short-sellers betting against the firm's outlook.

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Coinbase says $0 balance error is 'resolved' and platform is ... (MarketWatch)

The error for some Coinbase users comes during a massive crypto rally that has bitcoin's price trading at nearly $63000.

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Image courtesy of "TechCrunch"

Bitcoin jumped and Coinbase's app crashed, while Aptos eyes Hong ... (TechCrunch)

Welcome to TechCrunch Crypto. Here's the biggest news this week: bitcoin's price jumped and Coinbase's app crashed, Telegram rolled out a plan to pay out ...

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