bitcoin
Bitcoin (BTC) $ 70,448.88 2.68%
ethereum
Ethereum (ETH) $ 2,519.27 5.32%
tether
Tether (USDT) $ 0.999036 0.27%
bnb
BNB (BNB) $ 575.83 3.50%
solana
Solana (SOL) $ 169.26 3.46%
staked-ether
Lido Staked Ether (STETH) $ 2,516.98 5.49%
usd-coin
USDC (USDC) $ 1.00 0.02%
dogecoin
Dogecoin (DOGE) $ 0.161672 4.46%
xrp
XRP (XRP) $ 0.510344 2.62%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 3.63%
cardano
Cardano (ADA) $ 0.342482 3.59%
avalanche-2
Avalanche (AVAX) $ 25.01 4.89%
the-open-network
Toncoin (TON) $ 4.83 3.35%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 70,250.82 3.00%
bitcoin-cash
Bitcoin Cash (BCH) $ 357.77 3.44%
tron
TRON (TRX) $ 0.168209 0.78%
pepe
Pepe (PEPE) $ 0.000009 6.13%
litecoin
Litecoin (LTC) $ 69.24 3.90%
internet-computer
Internet Computer (ICP) $ 7.83 3.71%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.29 1.05%

Coinbase outage hampers Bitcoin trading amid price swings


The largest U.S. cryptocurrency exchange Coinbase experienced a system-wide outage on Tuesday, disrupting user access amid fluctuating Bitcoin prices.

The outage, impacting both the website and mobile app, presented users with a “503 Service Temporarily Unavailable” error.

Coinbase announced a full recovery after around four hours.

The timing of the outage was particularly problematic for traders, coinciding with notable Bitcoin price changes and raising concerns about Coinbase’s capacity to manage surges in user activity.

This is not the first time Coinbase has faced such issues; previous outages have occurred during high trading volumes.

In addition to technical difficulties, Coinbase has faced other challenges, including legal scrutiny.

A U.S. District Court Judge recently ruled that the Securities and Exchange Commission’s (SEC) lawsuit against Coinbase, which alleges the exchange operates as an unregistered securities exchange, broker, and clearing agency, has sufficient merit to proceed.





Read More: Coinbase outage hampers Bitcoin trading amid price swings

Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Leave A Reply

Your email address will not be published.