2024

Bitcoin

<p>Coinbase, a prominent U.S.-based cryptocurrency exchange, faced technical issues that led to some customers seeing their account balances drop to $0. This glitch occurred hours after Bitcoin experienced a notable rally, briefly surpassing the $60,000 mark for the first time since Nov. 2021. The cryptocurrency went on to approach $64,000 before it quickly retreated back to around $60,000. This incident unfolded just as Bitcoin’s all-time high of over $69,000 seemed within reach once more.</p>
<figure class="wp-block-image size-large"><img fetchpriority="high" decoding="async" width="1200" height="532" src="https://www.cryptopolitan.com/wp-content/uploads/2024/02/Coinbase-1200x532.png" alt="" class="wp-image-474620" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/02/Coinbase-1200x532.png 1200w, https://www.cryptopolitan.com/wp-content/uploads/2024/02/Coinbase-300x133.png 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/02/Coinbase-768x341.png 768w, https://www.cryptopolitan.com/wp-content/uploads/2024/02/Coinbase.png 1506w" sizes="(max-width: 1200px) 100vw, 1200px">
 <figcaption class="wp-element-caption"><em>Coinbase outages in the last 24 hours. Source: <a href="https://downdetector.com/status/coinbase/" rel="noopener noreferrer nofollow" target="_blank">Downdectector.com</a></em>
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<h2 class="wp-block-heading" id="immediate-response-from-coinbase">Immediate response from Coinbase</h2>
<p>Coinbase acknowledged the problem, stating on its website that it was aware some users might see a zero balance in their accounts and could encounter errors while attempting to buy or sell. The exchange assured its users that it was investigating the issue and would provide an update soon. Importantly, Coinbase emphasized that despite the display error, users’ assets were safe.</p>
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   <p lang="en" dir="ltr">We are aware that some users may see a zero balance across their Coinbase accounts &amp; may experience errors in buying or selling. Our team is investigating this &amp; will provide an update shortly. Your assets are safe.<br>You can track this incident at <a href="https://t.co/a3pl4WiDhZ" rel="noopener noreferrer nofollow" target="_blank">https://t.co/a3pl4WiDhZ</a></p>— Coinbase Support (@CoinbaseSupport) <a href="https://twitter.com/CoinbaseSupport/status/1762899058060890556?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">February 28, 2024</a>
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<p>The timing of the outage was notable due to its coincidence with a significant uptick in Bitcoin’s price. Coinbase’s prompt acknowledgment of the issue aimed to quell any immediate concerns about asset security among its user base.</p>
<p>Coinbase, listed on NASDAQ under the ticker COIN, has a substantial user base that relies on its platform for cryptocurrency transactions.</p>

BREAKING: Coinbase users experience zero account balances amid Bitcoin surge

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