Coinbase Outage Map

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Coinbase Issues Reports

Latest outage, problems and issue reports in social media:

• 
  Morpheu5 Stock Watcher (@Morpheu5Watcher) reported 3 minutes ago

  THE WORLD GETS 450 NEW BITCOIN A DAY. STRATEGY $MSTR BOUGHT TEN DAYS' WORTH IN A WEEK: Strategy MSTR at $122.33, -$2.55 / -2.04% today. The Tysons Corner, Virginia company, 1,539 staff, borrows money and sells its own shares to buy bitcoin and hold it. On August 31 it disclosed the week to August 30: 4,603 coins, $369.7M, an average $80,318 each. Set that against what the entire system produces. Bitcoin creates about 450 new coins a day, worldwide, total. One company's week was roughly ten days of everything the network makes. Those coins came out of the pile already circulating, not from miners. The comparison is about scale. WHERE THE COINS ARE - Bitcoin, ticker BTC: $77,113, -0.25% over the past 24 hours - Ethereum, ticker ETH, the second largest: $2,383, -1.43% THE SUPPLY SIDE NEVER ARGUES Roughly every ten minutes, whoever does the computing that keeps bitcoin's ledger honest is handed a batch of new coins. That reward is 3.125 bitcoin, and it is cut in half about every four years. That is the halving: on April 20, 2024 it dropped from 6.25 coins to 3.125, and the next cut, to 1.5625, is scheduled for 2028. The arithmetic is small and completely public: - About 144 batches a day at 3.125 coins each: roughly 450 new bitcoin, worth about $34.7M at today's price - A full year: 164,250 coins, near $12.7B - Already created: about 20 million of the 21 million that will ever exist Compare it with copper. Price doubles, producers dig more, the extra supply eventually pushes back. Bitcoin does none of that. Triple the price tonight and tomorrow still delivers 450 coins; halve it and tomorrow still delivers 450. Supply is written in advance and cannot answer a price, so the whole argument about what a bitcoin is worth lands on the demand side. WHY DEMAND IS SOFT TODAY Bitcoin pays no interest, no dividend and no rent, ever, so it competes with whatever safe money pays - and the 10-year Treasury yield, what the US government pays to borrow for a decade, touched 4.814% today, its highest since November 2023. At 2:00pm ET the Federal Reserve published the Beige Book, its survey of business conditions across the twelve regional Fed districts before each rate meeting. No headline figure, only testimony: the economy grew "modestly," prices "increased moderately." Nothing there argues for cheaper money, and interest-rate futures put the odds of a quarter-point rate INCREASE at the September 15-16 meeting near 70%. Supply did not move today, because it never does. The price of money did the talking. THREE SHARES THAT STAND NEXT TO A COIN A brokerage app will not quote you a bitcoin. It quotes shares, and three sit closest - each a different distance from the coin. THE FUND. iShares Bitcoin Trust, ticker IBIT, at $43.70, -$0.06 / -0.13%. A spot ETF holds the real coin in storage and cuts the pile into shares that trade in an ordinary account - the share stands on actual bitcoin, not on a bet about the price. At $60.2B it is the largest, on roughly 779,840 coins, and its 0.25% annual fee comes out in bitcoin. THE EXCHANGE. Coinbase, ticker COIN, at $176.02, -$0.80 / -0.45%. The New York company, 4,951 staff, runs the largest US crypto exchange. Worth $46.4B - market value, the share price times every share - it collects a fee on trades, and people sell in a panic as busily as they buy in a rally. THE STOCKPILE. Strategy owns 845,050 bitcoin at an average cost of $75,412 a coin, about 2% under this afternoon's price. Those 4,603 coins bought at $80,318 already sit 4.0% below what was paid. Now put both piles beside the meter. Between them they hold about 1.62 million coins - roughly 8% of every bitcoin in existence, and as many as the network will produce in nearly ten more years at 450 a day. WHERE THESE SIT The fund is not something any of the six Len5es can hold a view on. Each of them weighs a business - what it sells, what it keeps, who decides. A fund tracking a coin has no such parts. Coinbase and Strategy are businesses, and neither is on any of the six. One fact does most of it: both ended the last twelve months in a loss. Quality-Value hunts a durable business at a fair price, Deep-Value and Special-Situations one priced under what it looks worth, Growth and Hypergrowth expansion nobody is overpaying for - all four need a profit to measure against, and there is not one. Momentum watches a company climbing on news of its own. Strategy had its own news on August 31 and is down 2.04% today anyway, on 11.7M shares against a 35.5M average - a thin day, and the opposite shape. Neither pays a common dividend, which settles Income. WHAT WOULD CHANGE COINBASE: a profitable year, giving a style something other than the coin to price. WHAT WOULD CHANGE STRATEGY: a full year of reported profit - with a catch, because the profit line here is largely the coin's price written into the accounts, so a value style would still be weighing bitcoin. WHERE THIS BREAKS Crypto is volatile and speculative, and nothing here forecasts a price. A fixed supply settles nothing about what anybody will pay: the same 450 coins arrived every day while the fund fell from $71.82 last October 6 to $32.84 on June 25, and every day of the 33% climb back since. Every share price above is a live mark with minutes left to trade. Friday at 8:30am ET the Bureau of Labor Statistics publishes the August employment report - the government's count of jobs added or lost, plus the unemployment rate - after July LOST 23,000 jobs at 4.1%. US markets are shut Monday, September 7. Almost every other market on a screen has somebody who can answer a high price by making more. Bitcoin has a clock. It handed over about 450 coins today and will hand over 450 tomorrow, with no view at all on what a government bond is paying while it does. All the arguing happens on the other side. Not investment advice.

• 
  The Bitcoin Independent (@btcindependent) reported 4 minutes ago

  Those rewards are frozen by coinbase maturity, the rule that a block reward can't move until 100 later blocks bury it. A Blake2b fork that SHA-256 miners won't touch never produces those blocks, and CONVOY taking over the sharelog only credits miners' past shares, it doesn't reach coins stranded on a chain no one is extending.

• 
  Akuyuki (@Xalrio) reported 5 minutes ago

  @asparagoid It is close to impossible for Coinbase to ever rebuild trust after all the shenanigans they've done with Base. They have betrayed over and over again their users and they never once listened to what was asked for. Coinbase is same like Binance with some extra Temu glitter on top

• 
  Global (@Globalwithitt) reported 8 minutes ago

  @sharpinvestr Fair play but still big *****. Wagwan tho you pattern that 350k coinbase ****? Last time we spoke was when i was telling you to use your emirates ID.

• 
  Hayaku XPR (@HayakuXPR) reported 14 minutes ago

  @MarshallHayner Hello, Since yesterday at 2 PM, I sent USDC to Coinbase, but I never received it. After checking, the address and memo are correctly entered. I don't understand. Can you please help me?

• 
  STYRΞNΞ ✂️ (@sty_defi) reported 17 minutes ago

  Burgz says buying the exact top of solana:DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263 got him hooked on onchain trading: "I was a Coinbase only trader for years... The real entry I would say is January 2024, I was at a bachelor party and me and Swizz have a good mutual real life friend. He just started going crazy to me about BONK... So I basically flipped all of the Bitcoin that I had in Coinbase at the time into BONK." "I was looking back at that chart, that was I think February or March of 2024. It was basically the pico top of BONK and rode that down to whatever that local low was. Sold it all, lost the money, and was hooked. Never left." "By then we were trading **** like Thomas the Dank Engine on whatever the first UI of Raydium was... The **** would bug out and you were jamming refresh on the page to try to get a $50 buy through. I've stuck around since then and hit some good trades, and it's been good."

• 
  Lynn (@NKLinhzk) reported 20 minutes ago

  @Daveweb3space @Wahoopredict Coinbase will block HTX tbh

• 
  CrispyBull (@CrispyBull) reported 22 minutes ago

  Coinbase just launched tokenized stocks on Base. Problem? Competitors already have hundreds of assets and billions in volume. Is entering late enough to matter when you have an entire ecosystem backing you? Link below.

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  EdgeBison (@EdgeBison) reported 26 minutes ago

  @cobie @underwaterwux Cobie, can someone look at the recent BTC deposit bonus thing. It bricked coinbase accounts because if we add new money to our balance with the intention to withdraw only the new money, coinbase deducts the bonus BTC. This will be for two years so is a real problem.

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  Mind Math Money (@MindMathMoney) reported 28 minutes ago

  @MstrTranquility Binance and Coinbase are custodians. Coins moving in their wallets are customer coins, not the exchange selling. A wallet moving is not a decision to sell.

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  XRPMoonshot (@XRPMoonshot589) reported 29 minutes ago

  Another rug pull. **** you @coinbase

• 
  bildo (@WildBullyTheKid) reported 31 minutes ago

  @YUBIT_Exchange But it’s down 98% from its all time high. It’s been on a descending triangle since it’s Coinbase listing. They need a miracle for it to boost its market cap.

• 
  CTM (@CryptoTalkMan) reported 32 minutes ago

  OK THIS $FLORK STORY IS GETTING ******* RIDICULOUS. READ THE TIMELINE. For DAYS I’ve been posting about Binance using FLORK. Once. Twice. Three times. Four times. FIVE ******* TIMES. CZ reposted it. Binance started posting coded messages and I joked they were literally speaking the $FLORK language. Everyone kept saying: “Coincidence.” “Just a meme.” “You’re reaching.” AND THEN TODAY IT ACTUALLY HAPPENED. $FLORK WAS LISTED ON BINANCE ALPHA. FOUR DAYS. From a community believing in a meme… to BINANCE ALPHA. But somehow THAT ISN’T EVEN THE CRAZIEST PART ANYMORE. Because literally after $FLORK gets Binance Alpha… COINBASE STARTS POSTING FLORK ON INSTAGRAM??? WHAT ********? Read that again. $FLORK gets Binance Alpha TODAY… and suddenly Coinbase is posting the SAME ******* MEME. BINANCE 🤝 FLORK 🤝 COINBASE Now I need everyone to understand something: I AM NOT SAYING COINBASE IS LISTING $FLORK. I’m saying the TIMING is absolutely ******* insane. Out of every meme on the internet… Out of every character they could use… Out of every possible day they could post it… Coinbase starts using FLORK right after $FLORK gets Binance Alpha? COME ON. This is exactly why I obsess over narratives. The biggest opportunities usually look like random coincidences BEFORE the entire market connects the dots. Then suddenly everyone sees it. And by the time everyone agrees… YOU’RE BUYING HIGHER. I’ve watched this movie and eat popcorn before. $PNUT. $BRETT. $CASHCAT. $BASECAT. The crowd laughs at the connections early. Then the narrative becomes obvious. Then suddenly everyone wishes they positioned when it still sounded crazy. And now we have $FLORK. A globally recognizable meme. A community that refused to die. A token that literally rewards holders in BTCB. Binance repeatedly posting the character. CZ amplifying it. BINANCE ALPHA IN FOUR DAYS. And HOURS LATER… COINBASE IS POSTING FLORK. You can call it coincidence. I call it something worth paying VERY ******* CLOSE ATTENTION TO. Because if FLORK is becoming the meme that BOTH Binance and Coinbase social teams are playing with at the exact same time… this story might be WAY bigger than people realize. Yesterday we were connecting dots. Today one of those dots turned into a Binance Alpha listing. Now Coinbase just added another one. I’M WATCHING VERY ******* CLOSELY. $FLORK @Flork_memes DREAM BIGGER.

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  Memeo (@WelcometoMemeO) reported 33 minutes ago

  @roinujnotrya I have both and cannot add new networks on either. I also cannot change the network and see the error "This method is unsupported We do not currently support wallet_switchEthereumChain for target chainID XXXXX." This was a coinbase wallet that migrated to a Base app wallet as I can add networks in the coinbase extension but not for this particular wallet.

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  Luna 🌸 (@CryptoDLuna) reported 36 minutes ago

  @Overdose_AI Even with the support from Bonk guy, is Coinbase a curse?