Coinbase Tells Users "Your Assets Are Safe" as Some See $0 Balance
-- Coinbase Global Inc., the biggest US cryptocurrency exchange, experienced a spate of outages Wednesday just as Bitcoin continued its rally above $60,000.Apple to Wind Down Electric Car Effort After Decadelong Odyssey. How Much Wealth You Need to Join the Richest 1% Around the World. Trump Eyes $4 Billion Stock Windfall as His Legal Bills Pile Up. Flawed Valuations Threaten $1.7 Trillion Private Credit Boom. Coinbase reported that some users may see zero balances across their Coinbase accounts and experience errors in buying and selling. The company said it’s investigating the issues, as well as delays in sending and receiving assets on the Ethereum network.“Your assets are safe,” the company said on its website.Coinbase’s shares were up 1.5% at $202.29 as of 1:45 p.m. New York time after earlier rallying as much as 6.5%. The stock is up 16% year-to-date and trading near the highest level since March 2022.