Coinbase Crashes Twice in One Week amid Heightened Crypto Demand
Coinbase announced that it had registered 10x higher traffic than previously anticipated thus making some customers see zero balances but the issue had since been resolved.
Brian Armstrong, Coinbase co-founder, revealed his view on the future of bitcoin at the TechCrunch Disrupt Europe conference in the UK.
Coinbase announced that it had registered 10x higher traffic than previously anticipated thus making some customers see zero balances but the issue had since been resolved.
Yesterday, when Coinbase faced outage, the stock price level dropped from $205 to $195, causing a downfall of approximately 5%.
It was a controversial year for the crypto indutrsy. Let’s have a closer look at the major crypto-related events that too place in 2023.
CZ is not the only popular crypto figure that made it to Bloomberg’s world’s 500 richest people in 2023. Brian Armstrong had a net worth of $7.25 billion.
Coinbase-backed Project Diamond will leverage the Base L2 network and the Coinbase technology stack to enable institutional investors to tokenize and trade real-world assets.
Coinbase CEO Brian Armstrong voiced frustration over the charges. He mentioned how his company has provided a lot of clarity to the SEC but the commission on the other hand is not making matters easier.
The Forbes Under 30 List, including all categories and individual profiles are available on the Ethereum blockchain for permanence.
Brian Armstrong said that although there are bad actors in the market, it’s wrong to say that crypto is predominantly used for illicit activities such as fraud, money laundering, and terrorist financing.
COIN is presently trading at $119 after closing at $115 on November 27, which is the highest close since May 2022. The price now has minimal resistance ahead as it is moving toward $130, the May 2022 high.
Armstrong touted Coinbase’s efforts at remaining in line with US compliance, while calling for regulatory clarity in the sector.