Coinbase goes back online after solving all the technical issues from yesterday that users reported regarding purchases. The exchange is now operating the same way as before, going back to normal as we are reading more in our latest Coinbase news.
Coinbase users reported suffering difficulties on the platform a day ago but the platform has a history of experiencing outages as well as other issues when there’s high-traffic occurring. Although users reported a few problems earlier this morning, the status update from Coinbase indicates that the platform is working normally once again. Coinbase goes back online as the update said:
“All services are back up. We are currently monitoring our systems.”
Morgan Creek Digital co-founder Anthony Pompliano tweeted that “coinbase has disabled buying and selling of some crypto-assets” while a few other users on Twitter posted pictures of their problem when trying to make USD purchases on the exchange. Crypto-Twitter personality Ryan Broderick noted a few other issues when buying BTC via Euro by adding:
“For context, a bunch of big Twitter account have put #Bitcoin in their bios. Elon Musk is the biggest. Now $BTC is up almost 15% in the last 24 hours.”
The GameStop effect has completely upended the crypto market now. There’s a big Twitter-led $btc pump happening today and Coinbase — basically the Robinhood for entry-level crypto trading — has frozen USD purchases. Just tested it myself. pic.twitter.com/xpJCQjA0uh
— Ryan Broderick (@broderick) January 29, 2021
Quite a noise arose over the past few days about the drama in the financial markets and the social media platforms especially after the GameStop Stock under the ticker GME skyrocketed because of Reddit users that poured money into it. The popular trading platform Robinhood suspended buying for plenty of assets including GME. Coinbase suffers platform downtime and technical difficulties plenty of time. There were a lot recorded in 2020 including the BTC price moves in May and April.
Speaking in the previous Coinbase news, The tech giant released the update on its mobile operating system to address the latest security flaw that could threaten the security of mobile crypto wallets so the Coinbase dev says that the users have to update their devices. Apple released the updates to its iPadOS and iOS mobile operating systems after the company confirmed reports of vulnerabilities that will threaten mobile wallets. The vulnerabilities are connected to a remote arbitrary code execution which means that the malicious actors will be able to gain remote administrative access to a target system.
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