Coinbase undergoing major issues

Website of Coinbase digital asset platform has been down for some time and the users are still not able to log in and make transactions
29 November 2017   2427

Coinbase, a digital asset broker headquartered in San Francisco, California, is currently undergoing performance issues which was noticed by a huge amount of customers using the platform, who were not able to use the website, to log in to the system or to make transations.

This is the message which was displayed to the users while they were trying to log in to the website:

Coinbase system errorCoinbase website error

The company published an update on Coinbase Status page stating that they are investigating performance issues on Coinbase.com and are working to resolve them and promising to update the users of any news concerning the issues.

Coinbase status towards performance issuesCoinbase Status message towards performance issues

Half an hour later another message was published on Coinbase Status page, where it was claimed that the reason for performance issues was identified and the team is working on fixing the problem.

Coinbase service unavailable screenshotCoinbase service unavailable screenshot

In the meantime, Coinbase website still does not work showing the message that service is unavailable and is being maintained at the moment, and the users remain worried about the safety of their cryptoassets.

Coinbase to be Ranked 1st at New CryptoCompare's Rate

New exchange's benchmark is designed to combat fake trading volume on unregulated exchanges
13 June 2019   199

Analytical service CryptoCompare has launched a rating system for more than 100 platforms for the spot cryptocurrency trading. According to service representatives, it should be a comprehensive, detailed and reliable source of information, and meet the industry’s demand for data transparency.

CryptoCompare combined methods of quantitative and qualitative analysis. The system does not take into account the total trading volume, but the ratio of volume and volatility in combination with the standard deviation of volumes based on more than 30 metrics. In theory, this will help to deal with the problem of fake trading volume on unregulated exchanges.

After analyzing the data for May, the service assigned the first place to the Coinbase, and the top three were closed by Poloniex and Bitstamp. Top 10 also includes BitFlyer, Liquid, itBit, Kraken, Binance, Gemini and Bithumb.

It is noteworthy that this rating is somewhat different from the list of trusted exchanges of Bitwise Asset Management, which in March reported to the US Securities and Exchange Commission (SEC) about the problem of fake trades. Thus, Bitwise considers Bittrex and Bitfinex to be reliable, but they are not in the top ten from CryptoCompare - instead of them, South Korean Bithumb, which was hacked twice during the year, and Liquid, which announced the upcoming listing of tokens Gram, which supposedly don't know anything about in Telegram .