2024

Bitcoin

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<p class="is-style-lead">Coinbase exchange has crashed amidst the bull markets, as users see a ‘zero’ balance on their accounts.&nbsp;</p> 
<p>Social media has been flooded with rage from crypto enthusiasts as users cannot <a href="https://twitter.com/Ashcryptoreal/status/1762902518558863827" target="_blank" rel="noopener">access</a> funds from the leading U.S. exchange. Some users have also reported errors in buying and selling, leading to further frustrations.</p> 
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   <p lang="en" dir="ltr">I had $3.6 Million on Coinbase <br><br>and now it’s shows $0 lol <br><br>WTF IS HAPPENING ? <a href="https://t.co/BaV4pWjFo6" target="_blank">pic.twitter.com/BaV4pWjFo6</a></p>— Ash Crypto (@Ashcryptoreal) <a href="https://twitter.com/Ashcryptoreal/status/1762902518558863827?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">February 28, 2024</a>
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<p>Coinbase immediately <a href="https://twitter.com/MasonVersluis/status/1762898729038962772" target="_blank" rel="noopener">acknowledged</a> 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.&nbsp;</p> 
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   <p lang="en" dir="ltr">Disappointed in Coinbase for this man.<br><br>It’s 2024, we must have our shit together. <a href="https://t.co/VioBxw8am5" target="_blank">pic.twitter.com/VioBxw8am5</a></p>— MASON VERSLUIS (@MasonVersluis) <a href="https://twitter.com/MasonVersluis/status/1762898729038962772?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">February 28, 2024</a>
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<p> You might also like: <a href="https://crypto.news/bitcoin-price-2024-matrixport/"> Bitcoin’s dash past $62k spurs caution warning from Matrixport veteran </a> </p> 
<p>Several users allege it’s a rather strategic move from the exchange to reduce flash sales, as primary tokens, including <a href="https://crypto.news/price/bitcoin/">Bitcoin</a> and <a href="https://crypto.news/price/ethereum/">Ethereum</a>, have seen significant rallies today. BTC shortly touched $64,000 just an hour ago before crashing down to the $61,000 zone. However, other reports suggest that this crash was primarily due to unprecedented traffic on the exchange due to today’s bull market.<br><br>There are reports about other major exchanges crashing similarly, including Binance and KuCoin. However, these claims are yet to be verified.&nbsp;</p> 
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   <p lang="en" dir="ltr">Coinbase, Binance, and Kucoin all down!! WTF is going on!!</p>— Kyle Chassé (@kyle_chasse) <a href="https://twitter.com/kyle_chasse/status/1762897175191896172?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">February 28, 2024</a>
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<p><a href="https://crypto.news/grayscale-transfers-175-million-bitcoin-coinbase/">Coinbase’s</a> crash is not new, as technical issues occur during every bull market when the platforms fail to cope with increasing buying and selling. As such, crypto community members are furious that platforms like Coinbase lack technical guardrails to manage such issues.<br><br>This is a developing story.&nbsp;</p> 
<p> Read more: <a href="https://crypto.news/binance-expands-vip-program-to-attract-traditional-asset-holders/"> Binance expands VIP program to attract traditional asset holders </a> </p>

Coinbase crashes during Bitcoin rally as users see zeroes

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