Coinbase system crashes and famed GameStop analyst Roaring Kitty is back
Coinbase, still the largest crypto platform in the United States, saw a lot of bad PR online when their platform crashed on Tuesday (for four hours) and afterward several users reported that they could not access their funds. Several American influencers compared the situation to what happened at FTX back in 2022.
After years of absence, legendary analyst Roaring Kitty returns to X. Many hope he will recommend some stocks or even talk about Bitcoin.
System crash
During the crypto bull run of 2020 and 2021, system crashes at Coinbase, FTX and Binance were very common. Users screamed bloody murder every time they wanted to sell Bitcoin or Ether reaching a new top but were unable to do so because the servers of major crypto platforms could not handle the volume during those short price surges.
guys coinbase is completely down & america won’t realize for 6 more hours
do with this what you will pic.twitter.com/tjmRrIU5Z8
— CryptoFinally (@CryptoFinally) May 14, 2024
During Asian trading hours on Tuesday, May 14, Coinbase experienced an outage that many crypto traders flagged as suspicious and annoying. The jokes about Coinbase’s outage were everywhere and some even compared the situation to what happened in the last trading days of FTX in November 2022. Back then, Sam Bankman-Fried’s platform went offline after several days of crashes and restarts in order to try and stop the withdrawal of customer funds (to no avail).
Coinbase goes down more often than my wife does on her boyfriend pic.twitter.com/Mb0YEm7yM0
— Gordon (@AltcoinGordon) May 14, 2024
As Coinbase now partners with BlackRock (for their Bitcoin ETF, among other things) and is listed as an American stock, no one expects Coinbase to go bankrupt anytime soon (I personally also believe that Brian Armstrong is more trustworthy than SBF ever was, but you of course never know).
GameStop
Roaring Kitty (the man responsible for the epic Gamestop Short Squeeze – played by Paul Dano in the film Dumb Money) is back on X after years of absence.
— Roaring Kitty (@TheRoaringKitty) May 15, 2024
Hopefully he has something nice to say about Bitcoin soon. Right now it’s mostly memes and videos. Quite a funny distraction during these ‘boring’ Bitcoin days of course.
Not financial advice. CryptoTips We are not a financial advisor and the content on this website is not financial advice. All information on this website is informative and not a recommendation to buy or sell anything. Consult an expert when making financial decisions and only invest money you can afford. You are responsible for your own investments. We use affiliate referrals and may receive commissions for these. Read our full disclaimer.
Affiliate disclosure. Some links on this site are partner/affiliate links. If you sign up with a partner through such a link, we may receive a commission at no extra cost to you. This never influences our reporting. Read our editorial guidelines.
More News
More news ›
