Coinbase users took to social media and Reddit to complain about glitches on the platform. Coinbase says the root of the problem is credit card processing managed by Visa. But, Visa says they didn't cause the problem. Russell Brandom, Reporter at The Verge, explains the implications of these problems on the platform.
"This was going on for three weeks, and we're talking about thousands of dollars disappearing from people's accounts. That's kind of the worst thing that could happen for a service," said Brandom. "Coinbase has to take a lot of blame for this."
Bitcoin rebounded this week, trading above $10,000 for a short time. It still remains far from its all-time high of $19,000.
Brandom says Coinbase is getting most of the pie right now, but it should expect more and more competitors to emerge as this market continues to grow.
Be Well: Teaching Kids to Become Financially Literate
Fox is facing another lawsuit related to the 2020 election coverage.
Apple announced several new products at an event on Tuesday, including the iPhone 15.
Top tech leaders will meet privately with Senators on Capitol Hill and discuss artificial intelligence.
Lucas Jensen, senior manager of company-operated locations, and Gabi Picinic, general manager, both of 'The Melting Pot,' joined Cheddar News to demonstrate how to go about a chocolate fondue at home, explaining the process and ingredients needed to do so.
Stocks ticked up higher as investors digested the latest gauge on inflation
Apple held its latest event, unveiled two new products and launched a new iPhone. Michelle Castillo broke down what products and features were included at the 'Wonderlust' event on Tuesday.
Netflix released a trailer for a new series called "The Fall of the House of Usher."
Lyft is rolling out a new feature to increase the safety of women and non-binary riders.
Taco Bell is marking Taco Tuesday with some deals.
