Coinbase Suffers Major Outage on May 14
Coinbase has experienced a significant system-wide outage that has left its services inaccessible to both desktop and mobile users. Since its inception at 4:15 am UTC on May 14, the disruption has engendered extensive discontent among users endeavoring to gain entry to their accounts or perform transactions. Presently, patrons of the Coinbase website are met with an error […]
Nana Murugesan Former Coinbase Exec joins Matter Labs
Nana Murugesan, ex-Coinbase executive, joins Matter Labs as president, to enhance scaling of marketing, legal, and policy operations. Nana Murugesan, former vice president of international and business development at Coinbase, has been appointed president of Matter Labs and the developer of zkSync. Matter Labs’s chief executive officer, Alex Gluchowski, remarked, “It’s going to be like […]
Coinbase (COIN) Target Price Increased to $300
JMP Securities forecasts $220 billion in inflows into spot Bitcoin ETFs, which raises the target price of Coinbase to $300. Coinbase shares have staged a phenomenal ascent amid a euphoric cryptocurrency and Bitcoin market. In the wake of Goldman Sachs and other prominent financial institutions, JMP Securities, an investment banking and asset management firm, has […]
Coinbase’s Bitcoin Market Share Rises to 60% Post ETF Approval
After the approval of Spot Bitcoin ETFs , Coinbase has seen a surge in dominance within the U.S. market with respect to BTC share. This increase may be attributable to Coinbase’s decision to act as a custodian for eight of the eleven recently authorized Bitcoin ETFs. Coinbase’s market share of Bitcoin has increased dramatically from 47% […]
Coinbase Faces Technical Issue Due to High Demand For Bitcoin
Due to the increased demand for Bitcoin subsequent to its price surge, Coinbase was impacted by a technical issue on Wednesday. Coinbase encountered a technical issue on Wednesday due to the substantial demand generated by the surge in Bitcoin prices. Numerous Coinbase app users reported seeing an empty balance in their accounts. Coinbase responded to […]