Coinbase users’ accounts showed a “zero balance” on Wednesday afternoon. Coinbase confirmed the problem on its status page at 12:40 p.m. ET but claims customer cryptocurrency funds are safe.
Bitcoin’s price surged past $63,000 and then receded just a bit under on Wednesday, reaching a level the crypto coin hasn’t seen since November 2021. While it still has a little way to climb to reach an all-time high of $68,000, that level feels comfortably within reach.
This week in trends, Big Tech bros could not stop talking about the woke mind virus. Many Silicon Valley leaders crowed that the ousting of Harvard’s President was the beginning of the end for Diversity, Equity, and Inclusion efforts, which they described as “immoral” and “illegal.”
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Coinbase’s CEO Brian Armstrong reportedly told the Financial Times that the U.S. Securities & Exchange Commission asked him to halt trading in the exchange with all currencies except bitcoin.
Happy Monday, readers. I'm Phil Rosen, reporting from New York City.
In case you missed it, last week Microsoft held an event that had the buzz of a Steve Jobs iPhone launch.
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