Coinbase Down as Bitcoin Price Falls 20%

Written by :

Aaron Goldstein

Published on :

19 May, 2021

The digital currency exchange Coinbase, which recently went public, confirmed they were having access issues Wednesday morning.

"We’re seeing some issues on Coinbase and Coinbase Pro and we’re aware some features may not be functioning completely normal. We’re investigating what’s going on right now, and as soon as we know more we’ll let you know."

Coinbase was trending on Twitter throughout Wednesday morning.

That company's stock price fell 10% during the course of the last few hours.

It is advised that those in the gaming world looking to make withdrawals hold off doing so until this matter is resolved, especially with the price of Bitcoin sliding rapidly.

As of 10:22 am ET, Bitcoin was down 20% or $34763. Much of the decline has been attributed to China cracking down on Bitcoin transactions.

- Aaron Goldstein, Gambling911.com

Washington State Congressman Wants End to Wildfire Betting on Kalshi, Polymarket as Spokane Area Still Reeling

Rep. Michael Baumgartner, R-Spokane, introduced the bill this week. Critics say betting on wildfires is, at best, grotesque and could incentivize arson and other illegal acts.

UNLV Researcher Looks at the Growing Connection Between Social Media and Online Gambling

The study was presented at the 19th International Conference on Gambling & Risk Taking, where researchers and public health experts gathered to discuss the latest work in the field.

Delta to Focus on Premium Flyers Between Atlanta and Las Vegas

A one way flight between Atlanta and Las Vegas for Wednesday December 7. As of August 20, fight class was a mere $609 with just three seats booked. If you think that's expensive, consider that nearly all the other nonstop first class one way flights out of Atlanta were going for $2000!

Can Prediction Markets Be Manipulated by One Huge Trader?

A prediction market can change fast. One minute, an outcome is trading around 45%. A few large orders come in, and suddenly the market is sitting at 55% or even higher.