Coinbase outage caused crypto purchase issues, not an intentional ban
Coinbase posted an in-depth explanation of its Jan. 29 platform difficulties. On Jan. 29, a number of Coinbase users reported issues with the platform’s buy and sell functions. The Coinbase difficulties arose just a day after Robinhood barred GameStop share purchases following surging prices on the stock. A recent blog post indicates the Coinbase difficulties arose from an outage, not a ban on trading. “Between 4:25am and 9:31am PST on Friday, January 29, api.coinbase.com had an outage,” Coinbase said in a post on Feb. 5. “During this time, many users experienced errors while attempting to....
Related News
Cryptocurrency exchange Coinbase reported experiencing a major outage in the middle of crypto prices plummeting. Users of the exchange complained about difficulties in withdrawing their funds which had caused a wave of panic among investors. Coinbase said that they were working on the issue and that funds were safe. It also added in a tweet, […]
An API outage at Bitcoin exchange Bitstamp is apparently causing a halt of some services at Coinbase, a service that allows its users to easily buy and sell Bitcoin without the need to sign up for an exchange. Coinbase acquires its bitcoins from exchanges like Bitstamp, and when they don't have Bitcoin to buy, you can almost bet they will not have Bitcoin to sell. No word yet on just when the Bitstamp API outage is to be cleared, but when it is, Coinbase purchasing is likely to resume shortly thereafter.
The U.S.-based exchange has told users that they may experience some intermittent delays or errors while transacting. Major United States-based cryptocurrency exchange Coinbase is experiencing “elevated error rates on some backend systems due to an AWS service outage" according to an official post on Nov. 25 shortly after 7:00 pm PST.In an announcement, posted nine hours prior, Coinbase said that trading was not being impacted at the time. The following update removed this statement, stating:"You may encounter intermittent delays or errors while transacting, as well as accessing other....
It most certainly is not just you. Popular bitcoin buying and selling house Coinbase appears to be down at the moment. It's unclear just what the issue is, but users trying to access the website are getting "This webpage is not available" and "bad gateway" messages. A number of users have taken to twitter to express their frustration, and Coinbase is yet to post anything regarding this downtime. The company did not immediately answer a request for more information on the outage from newsBTC. Relax, make a cup of coffee. They'll be back in business before you know it! Update, 4:17PM....
Bitfinex, while still listed on its website as being in the "beta-phase," is the largest USD based bitcoin exchange. Bitfinex is currently experiencing an outage, as they have acknowledged on twitter. Beyond tweets acknowledging the existence of an issue, Bitfinex has not yet released any information concerning the current service interruption. This latest outage follows an outage just four days ago on July 6th. Few details have been released about that outage, though it was addressed quickly. In late may of this year, Bitfinex' hot wallet was hacked to the tune of $5,400,000. No customer....