Coinbase Suffers ‘Connectivity Issues’ Again as Bitcoin Hits Another Record

Coinbase Suffers ‘Connectivity Issues’ Again as Bitcoin Hits Another Record

Leading U.S.-based cryptocurrency exchange Coinbase is suffering connectivity issues for the second consecutive day amid bitcoin’s parabolic price rally. The story is developing and will be updated as more information is available.


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Binance and Coinbase suffer outages as Bitcoin's price soars

Bitcoin’s much-anticipated break past $20,000 caused a spike in crypto exchange traffic. Both Binance and Coinbase suffered technological issues on Wednesday — the same day Bitcoin (BTC) crossed the $20,000 price threshold for the first time. Binance related its issues to the number of people surfing the exchange. Changpeng Zhao, or CZ, Binance’s CEO, tweeted on Wednesday at 2:13 pm UTC: “#Bitcoin just popped. Experienced some scaling issues. Should be fixed for now. Underestimated demand. Adding A LOT more ‘servers’ still.” An update from CZ came about half an hour later, revealing....