{BREAKING NEWS} Coinbase Offline Due To 'Unprecedented Demand'

[Minecache]

This is a hot fast breaking story as I type.

More updates to follow...

[abasinkanga]

This is not a new thing coming from coinbase, they have been dealing with intermittent operational issues for many months now...

From my observation, it seems all eyes are on coinbase to bring them down... Heat from IRS and all. Hmmmm

[LLec]

So is this their exit scam?

[mzforfree]

yep, good thing i pulled out a LONG time ago

[xhomerx10]

This is a hot fast breaking story as I type.

More updates to follow...

 Wow!  How is it that the Russians had this breaking news 20 hours ago?!
https://www.rt.com/usa/392019-bitcoin-3k-coinbase-outages/

 This article says they also experienced the same problem on May 25th.  I hate to sound like a shill but maybe it really is due to unprecedented demand?  ETH and BTC are pretty damn hot commodities currencies right now.

[franky1]

when exchanges dont have the coin/fiat at hand to cover the fake trades they played prior, and suddenly there is an influx of new trade that causes an exchange to worry about too many people trying to withdraw. many exchanges 'coincidently' go offline while they cough do maintenance.

if the rates of coin/fiat change too drastically the exchange then explain the maintenance is due to a cough hack cough.
if the rates of coin/fiat change settle to a level that an exchange can handle then they pretend its business as usual

this has happened many many times

i do find it funny how coinbase invents GDax but pretends it 'cant cope' with demand.. even when demand/activity is less than the days of mtgox in 2011-2013

[DOGE12321]

This is a hot fast breaking story as I type.

More updates to follow...

It is not only Coinbase. Every single exchange is facing such difficulty. It is caused by Bitcoins unprecedented price rise. 'On Sunday, Bitcoin climbed to a record high of $3,041.36, according to CNBC. Then, on Monday, Bitcoin experienced its largest crash since January 2015, falling more than 16 percent to $2,532.87'. 'Several exchanges for Bitcoin suffered outages during the price fluctuation, leaving many customers unable to buy or sell for hours'.

It would be a miracle if Coinbase had stayed online.

[ImHash]

I don't know what happens if some day google comes out and says we're no longer operational because a few billion people searched the web using our search engine at the same time so now we are going offline
Don't keep your coins on web wallets/ exchanges if you can't afford to lose them, when will anyone listens? I don't know.
So many so called major wallet/exchange out there already why everyone using coinbase?

[richardsNY]

Don't exaggerate this whole situation. It's well known that exchanges in general are struggling with the current demand. Another aspect is that the global markets are so active, that people basically demolish the refresh button -- this results in platforms being temporary unavailable. Exchanges that suffer the most from these refresh outages are BTC-E and Poloniex. Other exchanges struggle as well, but not as severe....

[xhomerx10]

I don't know what happens if some day google comes out and says we're no longer operational because a few billion people searched the web using our search engine at the same time so now we are going offline
Don't keep your coins on web wallets/ exchanges if you can't afford to lose them, when will anyone listens? I don't know.
So many so called major wallet/exchange out there already why everyone using coinbase?

 It already happened with Google in 2013 except they didn't announce it beforehand.  Anyway, nobody died because of it.

[buenav]

Well I got all excited over this title but seems its just normal behaviour over the past few weeks 

I mean the price isn't even at its all time high or anything right now.

[gentlemand]

This has happened so many times in the past that I cannae believe they didn't have some type of plan for it. Where have all their VC millions gone other than up their noses? You can't be crypto's unicorn if you carry on crapping out.

[Jalum]

It’s been a while since I’ve used Coinbase so I don’t really care so much for it.
It weird that they are having server issues because they kicked a bunch of people from the United States out for using their website by not having the right jurisdiction in the area or something like that.

And the OP is telling the truth, the link to the Coinbase status webpage is:

https://status.coinbase.com/

[Pursuer]

I think franky's answer is the closest answer to reality. Coinbase had some problems very recently regarding ethereum that they also recently added. they didn't have enough funds to pay for withdrawals!! they didn't go down that time so there has been many complaints about their ETH withdrawals being stuck because of lack of funds on coinbase. you'd think a coin with so called 90+ million coins has enough to go around

[LLec]

So that is what this was about in the first place?

Them not having enough in their ethereum holdings to pay out withdrawals?
Sheesh what a major F-Up by a big exchange and wallet for the bitcoin and now ethereum clients they hold.