On Wednesday, bitcoin’s value ascended to the vicinity of $64,000, during which time users of Coinbase and Robinhood reported disruptions in service. As of Feb. 28, 2024, Coinbase’s status page indicated the platform was suffering from “degraded performance,” while Robinhood’s clientele voiced their grievances to the platform’s support team. Technical Troubles Shadow Bitcoin’s Climb to […] Original
Coinbase exchange has crashed amidst the bull markets, as users see a ‘zero’ balance on their accounts. Social media has been flooded with rage from crypto enthusiasts as users cannot access funds from the leading U.S. exchange. Some users have also reported errors in buying and selling, leading to further frustrations. Coinbase immediately acknowledged this error and said it was being investigated. The exchange also clarified that there have been severe delays in transferring funds over the Ethereum ERC-20 network. Several users allege it’s a rather strategic move from the…
CryptoX – Cryptocurrency Analysis and News Portal 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 distributed network – to help reduce dependence on the dominant Geth software. Source The post Coinbase Moves to Improve Ethereum's 'Client Diversity' by Adding Nethermind, Erigon appeared first on CryptoX. CryptoX Portal
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 distributed network – to help reduce dependence on the dominant Geth software. Source
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USDC’s increase in liquidity reflects the “overall pickup in both retail and institutional demand as crypto has moved into a new phase of its market cycle after the launch of spot bitcoin ETFs in the U.S., contributing to fresh capital inflows,” the authors wrote. A stablecoin is a type of cryptocurrency that’s typically pegged to the U.S. dollar, though some other currencies and assets such as gold are also used. Source
Coinbase, a major U.S.-based crypto exchange, has found that Texas voters are interested in the crypto subject and presidential candidates’ postures on the issue. 21% of all Texan adults (4.7 million people) own crypto, with 74% of these owners likely to support candidates who recognize the significance of the national crypto industry. Coinbase Reveals Texas […] Source CryptoX Portal
Crypto asset manager Grayscale has made a strategic move by transferring 3,443.1 Bitcoin, amounting to over $175 million, to an address associated with the Coinbase exchange. The latest move was executed in five separate transactions to Coinbase Prime, a platform designed to cater to the liquidity needs of institutions. According to Arkham, at 22:12 UTC+8 on February 23, Grayscale transferred 2,669.31 BTC to the address of Coinbase Prime Deposit, worth approximately US$136 million；it transferred 773.79 BTC to a new address, which is suspected to be Grayscale’s new custody address.… —…
Coinbase has answered the SEC request for comments on the proposed rule change to list the ETH Grayscale Fund as a spot ETF. Coinbase stated that ether was a commodity, and its status has been publicly recognized in a variety of circumstances by U.S. agencies and courts. Coinbase Supports Ethereum Grayscale Fund Conversion as a […] Source CryptoX Portal
Multiple outlets have reported other platforms such as Kraken and Binance have also been blocked under government orders. Source