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.
DoorDash on Wednesday introduced a new service, called Package Pickup, that allows customers to request a Dasher who will pick up and deliver their prepaid returns to local carriers
Andrew Challenger, senior vice president at executive outplacement service Challenger, Gray & Christmas, Inc., joined Cheddar News to discuss the potential changes to work culture in 2023.
Stocks ended higher on Wall Street as minutes from the Federal Reserve’s last meeting of policymakers underscored how the central bank remains determined to keep rates high to crush inflation.
