{"id":125670,"date":"2021-05-19T16:18:04","date_gmt":"2021-05-19T16:18:04","guid":{"rendered":"https:\/\/precoinnews.com\/?p=125670"},"modified":"2021-05-19T16:18:04","modified_gmt":"2021-05-19T16:18:04","slug":"coinbase-suffers-outages-as-cryptos-plummet-in-massive-sell-off","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/economy\/coinbase-suffers-outages-as-cryptos-plummet-in-massive-sell-off\/","title":{"rendered":"Coinbase suffers outages as cryptos plummet in massive sell-off"},"content":{"rendered":"<h4>More On:<\/h4>\n<h3>\n<p>cryptocurrency<br \/>\n<\/h3>\n<h2>\n<p>Pres has spoken: Barstool boss weighs in on massive crypto crash<br \/>\n<\/h2>\n<h2>\n<p>In a &#8216;bit&#8217; of trouble: Crypto market takes a staggering dive<br \/>\n<\/h2>\n<h2>\n<p>How Elon Musk impersonators scammed over $2M in crypto<br \/>\n<\/h2>\n<h2>\n<p>What are NFTs? The booming blockchain-based movement, explained<br \/>\n<\/h2>\n<p>Crypto trading platform Coinbase said Wednesday that it\u2019s experiencing outages for some users as Bitcoin and other digital coins tanked in a massive sell-off.&nbsp;<\/p>\n<p>\u201cWe\u2019re seeing some issues on Coinbase and Coinbase Pro and we\u2019re aware some features may not be functioning completely normal,\u201d the company said in a statement. \u201cWe\u2019re investigating what\u2019s going on right now, and as soon as we know more we\u2019ll let you know.\u201d<\/p>\n<p>The company added that some users are unable to log in, see their balances, and trade. Data from DownDetector shows that the issues started around 8:45 a.m.<\/p>\n<p>Shares of Coinbase dropped almost 8 percent.&nbsp;<\/p>\n<p>And Binance, another popular crypto trading platform, also announced it was experiencing issues due to a surge in traffic and said it was pausing some crypto withdrawals.&nbsp;<\/p>\n<p>\u2033$ETH and ERC20 withdrawals are temporarily disabled due to network congestion. Thank you for your patience and apologies for any inconvenience caused,\u201d the company said in a tweet.<\/p>\n<p>Those issues were resolved around 10:30 a.m., Binance said in a follow-up statement.<\/p>\n<p><img class=\"aligncenter\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/05\/coinbase-30-1.jpg?quality=90&amp;strip=all&amp;w=300 \"><\/p>\n<p>The outages came at a brutal time for those who had crypto holdings on either platform. Wednesday morning saw a massive sell-off across cryptos that wiped almost $400 billion off of the entire market.&nbsp;<\/p>\n<p>Bitcoin was down almost 20 percent as of 10:50 a.m. while ether, the native currency of the Ethereum blockchain, and Dogecoin were both down over 24 percent.&nbsp;<\/p>\n<p>Investors took to social media to express their frustration. Some lamented that the outages has cost them money while others implied foul play.<\/p>\n<p>Others threatened to pull their money from the platforms when they can. <\/p>\n<h3>Share this article:<\/h3>\n<p>Source: <a href=\"https:\/\/nypost.com\/2021\/05\/19\/coinbase-suffers-outages-as-cryptos-plummet-in-massive-sell-off\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>More On: cryptocurrency Pres has spoken: Barstool<\/p>\n","protected":false},"author":3,"featured_media":125669,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23052],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase suffers outages as cryptos plummet in massive sell-off - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/economy\/coinbase-suffers-outages-as-cryptos-plummet-in-massive-sell-off\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase suffers outages as cryptos plummet in massive sell-off - 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