Cardano (ADA) Currently Disabled on Coinbase
Coinbase is facing issues with transactions. The major crypto exchange platform has disabled customers from sending and receiving ADA since the 7th of January and is actively working on solving the problem.
The investigation of the problem took two days, and Coinbase (NASDAQ:) developers have been looking for the cause as of January 9 at 8 pm PST.
Cardano has recently updated the trezor-connect dependency. This might have caused problems in the Coinbase system. Cardano announced the following updates:
“The team […] worked on receiver address validation to prevent users from sending ada to rewards addresses, performed a cardano-node and wallet backend version update, and upgraded packages.”
At this moment, Cardano looks bearish at $1.16, yet experts predict “a swift recovery will lead to a 20% gain, propelling ADA to $1.42.”
On The Flipside
- All funds are kept secure on Coinbase, even when transactions are disabled.
- Due to the technical issues on Coinbase, customers are turning away from the platform and seeking other cryptocurrency exchange platforms.
Join to get the flipside of crypto
Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.
You can always unsubscribe with just 1 click.
Continue reading on DailyCoin
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Credit: Source link