Coinbase

2024 - 3 - 5

Coinbase Chaos: Zero Balances and Market Volatility

Algorithmic Trading - Bitcoin - Coinbase - Crypto ETFs - Cryptocurrency - Market Volatility - SEC - Warren Buffett

Coinbase faces glitches and market turmoil as Bitcoin surges. Will the chaos continue for the cryptocurrency exchange?

Coinbase, the largest US cryptocurrency exchange, experienced a second outage, leaving users with zero balances as Bitcoin nears record highs. This coincided with Warren Buffett's warning about market volatility, impacting not only stock markets but also causing turbulence in the crypto market. The approval of spot Bitcoin ETFs and a recent BTC rally led investors to question whether this news is good or bad for Coinbase's future.

As Bitcoin soared to new highs, Coinbase faced another zero-balance glitch, highlighting the challenges in managing high trading volumes during market rallies. The exchange struggled to cope as Bitcoin prices surged above $67,000 per unit. Additionally, Coinbase halted services as the crypto market saw exponential growth, signaling potential difficulties ahead.

Despite the turmoil, Coinbase shares climbed after-hours, reaching a two-year high and surpassing $237. The exchange's resilience in fixing site issues amidst a crypto market rally boosted investor confidence. However, legal challenges loomed as a US judge ruled certain cryptos as securities in an insider trading case involving a former Coinbase insider.

In a related development, a default ruling was entered against an ex-Coinbase insider in an insider trading case. The court supported SEC's securities claim, shedding light on the regulatory scrutiny faced by individuals involved in crypto trading. These legal battles emphasize the complexities and risks associated with the rapidly evolving cryptocurrency market.

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Image courtesy of "Bloomberg"

Coinbase Users See Zero Balances Again as Bitcoin Nears Record (Bloomberg)

Coinbase Global Inc., the biggest US cryptocurrency exchange, said some individual investors saw zero balances in their accounts, the second such outage in ...

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Warren Buffett Warns Of 'Casinolike' Behavior In Markets As ... (Yahoo Finance)

While he might've been talking about stock markets, even more volatility in the crypto markets caused Coinbase Global Inc. (NASDAQ:COIN) to be temporarily ...

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Are crypto ETF approvals good or bad news for Coinbase? (The Armchair Trader)

Approval of spot Bitcoin ETFs and the recent BTC rally has many investors buying Coinbase stock, but will it be smooth sailing for COIN?

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Coinbase Faces Repeat Zero Balance Glitch Amid Crypto Trading ... (Bitcoin News)

While bitcoin reached a 2024 high on Monday, rising above the $67000 per unit range, Coinbase suffered an issue again.

Coinbase Users Saw Zero Balances Again as Bitcoin Rallies (1) (Bloomberg Law)

Coinbase Global Inc., the biggest US cryptocurrency exchange, said some individual investors saw zero balances in their accounts, the second such outage in ...

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Zero Balance? Coinbase Crashes Again as Bitcoin Surges (Decrypt)

Coinbase crashed again on Monday as the cryptocurrency market continued its frenetic Monday—marking the second time the U.S.-based exchange buckled under a ...

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Coinbase experiences second zero-balance bug in five days (CryptoSlate)

Coinbase users were unable to see their account balances for around three hours on March 4 as Bitcoin saw another rally to new yearly highs.

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Image courtesy of "Cyprus Mail"

Coinbase crashed following Bitcoin (BTC) rally; Optimism (OP ... (Cyprus Mail)

TLDR Coinbase temporarily halted service amid the crypto market's rise and Bitcoin's explosive growth. Optimism gears up to blow past its ATH following a ...

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Coinbase At It Again: Crypto Exchange Dims When Bitcoin Sparkles ... (Investing.com UK)

Benzinga - by Khyathi Dalal, Benzinga Staff Writer. Coinbase (NASDAQ: COIN) is struggling with connectivity again, as users report zero balances.

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Image courtesy of "Cointelegraph"

Coinbase shares climb after-hours as exchange fixes site jitters (Cointelegraph)

Coinbase (COIN) closed at a two-year high of $229.15 and climbed over $237 after hours as the crypto exchange's shares are buoyed by a crypto market rally.

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Image courtesy of "Yahoo Finance"

Court rules 'certain' crypto as securities in Coinbase insider trading ... (Yahoo Finance)

A U.S. judge has ruled that “certain crypto assets” traded on secondary markets are securities. This ruling emerged from an insider trading case involving ...

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Image courtesy of "Blockworks"

Coinbase's Paul Grewal 'doesn't think much of' default judgment in ... (Blockworks)

Sameer Ramani, accused of selling tokens in the Wahi brothers case, faces a default judgment after allegedly leaving the country.

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Image courtesy of "Cointelegraph"

Judge supports SEC securities claim in default order in Coinbase ... (Cointelegraph)

A default judgment in the insider trading case involving a former Coinbase manager left unchallenged SEC claims about the nature of the assets.

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Image courtesy of "Yahoo Finance Australia"

U.S. Judge Enters Default Ruling Against Ex-Coinbase Insider, Says ... (Yahoo Finance Australia)

In an insider trading case involving Coinbase's former product manager Ishan Wahi, his brother Nikhil Wahi and their friend Sameer Ramani, a U.S. court ...

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Coinbase glitch shows $0 balances again amid soaring bitcoin ... (The Block - Crypto News)

Top U.S. crypto trading platform reported technical issues amid heavy trading for the second time in less than a week.

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Coinbase Crashes Twice in One Week amid Heightened Crypto ... (Coinspeaker)

Amid the ongoing crypto bullish outlook, Coinbase Global Inc has registered significant volume and traffic in the past few days.

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Coinbase notes 'excitement' in crypto as exchange hit with second ... (DL News)

Crypto exchange Coinbase was hit by another outage this week as traders rushed to the platform amid more bullish activity in the market.

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Binance and Coinbase crashes caused by algorithmic trading firms ... (Cointelegraph)

The increased retail interest, paired with growing workloads from algorithmic trading firms, was the main reason behind the recent exchange outages, ...

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Image courtesy of "Coindesk"

Bitcoin/Euro Suffers Flash Crash on Coinbase (Coindesk)

Bitcoin took 10 minutes to return to parity with euro trading pairs on other exchanges. · Flash crashes are typically attributed to a lack of liquidity or a "fat ...

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Coinbase surges into Apple App Store top 100 for first time in two ... (The Block - Crypto News)

The crypto exchange app jumped from rank 163rd on Sunday to 98th yesterday and 49th today as bitcoin's price approaches all-time highs. Crypto exchange Coinbase ...

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Coinbase admits outage AGAIN - as customers cannot buy and sell ... (Daily Mail)

Furious Coinbase users have slammed the trading app after it went down AGAIN - on the day Bitcoin hit an all-time high after a two-year wait.

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Coinbase Crashed Again—Why Does It Happen So Often During ... (Decrypt)

The major crypto exchange had reported a prior problem resolved just minutes before the latest outage.

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