Coinbases

Cryptocurrency Surge Leads to Coinbase App Crash, Aptos Sets Sights on Hong Kong, and Telegram Introduces TON Incentive Program

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Bitcoin jumped and Coinbase’s app crashed, while Aptos eyes Hong Kong and Telegram rolls out rewards with TONWelcome to TechCrunch Crypto, formerly known as Chain Reaction. This week in web3Crunching numbersThis week the crypto market was very hyped up as the two biggest cryptocurrencies by market capitalization, bitcoin and ether, both jumped about 23.6% and 18%, respectively, on the week, according to CoinMarketCap data. The total crypto market cap increased 19.4% over a seven-day period to $2.34 trillion. Our favorite ‘Crypto Twitter’ postICYMI, last week a lot of crypto people were tweeting about emails from Satoshi Nakamoto, the creator of Bitcoin. In June 2022, Magic Eden raised $130 million in a Series B round that granted it unicorn status.

Coinbase App Displays Zero Balance as Bitcoin Soars

Coinbase Phone
Bitcoin’s rally is turning out to be bad news for Coinbase, the crypto trading app that has just confirmed some of its customers are seeing a zero balance across their Coinbase accounts. The price of Bitcoin climbed in the wake of U.S. spot Bitcoin ETFs, driving a 42% price rally this month. Users of the Coinbase app grew concerned on Wednesday as they logged in to find their accounts showing a zero balance, despite owning crypto assets. We are aware that some users may see a zero balance across their Coinbase accounts & may experience errors in buying or selling. Remarked one user on X, who shared a picture of a zero balance, “My mom called and asked me and mine was at zero also,” they said.