Author: James Wilson
Users were unable to access accounts or execute trades for more than two hours. Other affected platforms included Snapchat, Reddit, Hulu, Xbox, and Fortnite. Crypto traders expressed frustration as reliability concerns resurfaced. A major internet disruption on Monday briefly brought parts of the digital economy to a halt, as an Amazon Web Services (AWS) outage crippled platforms including Coinbase and Robinhood. The two-hour blackout disrupted trading activities, streaming services, and gaming networks, reminding users of the world’s heavy reliance on cloud-based infrastructure. The outage, which began in the early hours of Monday, affected users across regions, leaving them locked out…
Coinbase paid $25M in USDC for Cobie’s UpOnly NFT. The deal revives the UpOnly podcast for eight new episodes. Cobie joked about returning, calling the sale “too absurd to happen.” Coinbase CEO Brian Armstrong has confirmed the $25 million purchase of the “UpOnly” NFT from renowned trader and podcaster Jordan “Cobie” Fish. The purchase not only marks a major foray by Coinbase into NFT-driven media but also sets the stage for the long-awaited revival of the UpOnly podcast after a three-year hiatus. Armstrong announced the acquisition in a post on X, writing, “The rumours are true, we bought the NFT.…
Citigroup teams up with Coinbase to simplify crypto-to-fiat payments for corporate clients. Citi plans to integrate stablecoin payments, boosting speed and 24/7 transaction access. Coinbase expands institutional reach as Wall Street embraces blockchain innovation. Citigroup Inc. and Coinbase Global Inc. are partnering to enhance digital-asset payment solutions for the bank’s corporate clients, marking another major step by a traditional financial institution toward embracing blockchain technology. The collaboration reflects Wall Street’s growing interest in digital assets after years of regulatory caution and market volatility. The initiative aims to make it easier for Citi’s institutional clients to move funds between cryptocurrencies and…