Page 12 - Coinbase News Today

The cryptocurrency is inching its way to surpassing its all-time high

Bitcoin's rally is turning out to be bad news for Coinbase, the crypto trading app that has just confirmed some of its customers are seeing a zero balance across their Coinbase accounts. Likely, the app's crash has to do with the recent demand for Bitcoin, the popular cryptocurrency that has surged to $60,000 -- close to its all-time high last seen in 2021. The price of Bitcoin climbed in the wake of U.S. bitcoin spot ETFs, driving a 42% price rally this month.

The outage comes after bitcoin hit $60,000 on Wednesday for the first time in more than two years, as a flurry of capital into new US spot bitcoin exchange-traded products fuelled a price rally in February.

Coinbase Global said on Wednesday it was beginning to see improvement in customer trading after an issue caused some users to see zero balance across their accounts and may have led to errors in buying or selling. "We're beginning to see improvement in customer trading. Due to increased traffic, some customers may still see errors in login, sends, receives and with some payment methods," the crypto exchange added in a post on social media platform X, adding that all customer funds...

Coinbase customers started seeing $0 balances on the exchange in error on the same day the price of Bitcoin surged to its highest level since late 2021.

The original cryptocurrency is just over $10,000 away from an all-time high

The ad, which accused Porter of being a "bully" and "a fake," was initially cited for violating YouTube's terms.

Over the past week, Ark Invest sold 93,435 shares of Coinbase (COIN). The shares were worth around $16 million and were sold across three exchange-traded funds (ETFs). Ark sold 54,307 shares worth $9 million from the Innovation ETF (ARKK), 28,222 worth $4.7 million from the Next Generation Internet ETF (ARKW) and 13,906 shares worth $2.3 million from the Fintech Innovation ETF (ARKF). The sale comes after a surprising earnings beat from Coinbase in its fourth-quarter earnings release. The compan

The Web3 startup was founded by former Coinbase and AWS software engineers.

Find out what the latest Street-high price target may mean for this popular crypto-market stock.