Well... https://zycrypto.com/is-crypto-exchange-coinbase-the-next-to-go-under-heres-whats-going-on/
Update #1: Users reporting unable to withdraw funds on r/Coinbase
I could not resist... https://www.reddit.com/r/CoinBase/comments/w0xkxc/sticky_coinbase_cannot_withdraw_funds_please_be/
Update #2: After reading r/Coinbase a number of users are reporting withdrawal issues.
Worse is the automatic advice by coinbase is to deposit more funds as it may be a fees issue.
Please help highlight/upvote these.
Additional please Google Coinbase and click on liquidity articles, this will help the Google algorithm bring them to the top.
This entire sub Reddit is to help educate users away from crypto issues. I hope we can save a number of people from losing funds, but I fear we might be too late
Update #3: 15th July major outflow event. https://www.google.com/amp/s/cryptoslate.com/248m-stablecoins-flow-out-of-coinbase-as-community-refutes-exchange-liquidity-issues/%3famp=1
Update #4: Three year old explanation - See https://www.google.com/amp/s/simplywall.st/stocks/us/diversified-financials/nasdaq-coin/coinbase-global/news/how-declining-liquidity-may-further-pressure-coinbase-global/amp
Update #5: "ICE has a license to use Coinbase Tracer (the rebranded Coinbase Analytics) for (among other things) tracking multi-hop incoming/outgoing transactions in BTC, ETH and USDT (Tether), ‘transaction demixing and shielded transaction analysis’ and ‘historical geo tracking data.’"
The US government are calling out shady Coinbase users, they now have access: https://coingeek.com/coinbase-conflation-of-in-house-stablecoin-us-dollar-sparks-liquidity-concerns/
Same article "The exchange previously solicited similar arrangements with both the Internal Revenue Service (IRS) and the Drug Enforcement Administration (DEA)."
Before you say it. This is good for Bitcoin.
No comments:
Post a Comment