Incident Post Mortem: November 19, 2021

Summary On November 19, 2021, Coinbase learned that it had erroneously credited some customers transacting in GYEN and POWR either 100x or 1/100th the amount they purchased. Coinbase promptly disabled trading in POWR and GYEN, worked around the clock to resolve the underlying technical issue, and then made adjustments in customer accounts to reflect the amount of GYEN and POWR that customers actually purchased. This incident affected approximately 0.0072% of Coinbase’s total verified users. What happened? On November 19 at approximately 4:00 p.m. EST, Coinbase updated an internal data source related…

3 ways blockchain technology could further mainstream in 2022

2021 was a breakout year for the cryptocurrency sector and this year is expected to see an extension of the “mass adoption” trend. Public awareness of blockchain technology is on the rise and a new cohort of projects designed to fill more niche roles in society are likely to emerge in the coming months. Three sectors that have the potential to see significant growth in 2022 are human resources (HR), employee payment solutions and platforms that serve the gig economy by offering corporate blockchain solutions. HR might pivot toward blockchain…

Coinbase Expands Live Customer Support

By Casper Sorensen, Vice President, Customer Experience The following is the latest update in our series of blog posts describing our commitment to continuously improving our customer experience. In past blog posts we highlighted our ongoing journey to create more value for customers with our support experience. In 2021, we invested in providing improved support experiences by increasing our staffing, accelerating our response times, as well as adding dozens of educational resources to our help pages so customers can get the most accurate information on our products and services. In…

NFT sales and blockchain games continue to grow despite the recent market slump: Report

January 2022 continues to be rough for crypto investors as current markets see turbulent fluctuations in the price of Bitcoin (BTC) and other cryptocurrencies. Some have attributed the slump to recent federal intentions to introduce new rate hikes, and the political turmoil in Kazakhstan, which significantly lowered the hash rate of Bitcoin. On Jan. 14, the price of Bitcoin dipped below $42,000 as traders continued to hold out hope for bullish signals.  Nonfungible token (NFT) trading and blockchain games, on the other hand, seem to have resisted the dip. According to reports from…

Cloudy With A Chance Of Reversal

Bitcoin price is at a pivotal zone, nearing a potential point of no return for bulls. However, the weekend forecast could suggest sunnier skies are in the future, so long as BTCUSD holds above the weekly Ichimoku cloud. Here is a closer look at BTCUSD weekly timeframes “at a glance” using the Ichimoku Kinko Hyo. Bitcoin price is holding above the cloud | Source: BTCUSD on TradingView.com Weekly Bitcoin Price Action At A Glance Using Ichimoku Using nothing more than the naked Ichimoku chart above, BTCUSD weekly has touched and…

Tesla Begins Accepting Dogecoin Payments — Some Merchandise Can Only Be Purchased With DOGE – Altcoins Bitcoin News

Tesla now accepts dogecoin for some merchandise on its website. CEO Elon Musk delivered on the promise he made in December that his electric car company will accept DOGE. Meanwhile, Tesla still has not resumed accepting bitcoin. Dogecoin Now Accepted for Select Tesla Merchandise Elon Musk’s electric car company, Tesla, has begun accepting dogecoin payments for some merchandise. CEO Elon Musk announced early Friday morning on Twitter, “Tesla merch buyable with dogecoin.” He first tweeted in December last year that Tesla will accept DOGE. Following Musk’s tweet, dogecoin immediately surged…

Coinbase Voices: Why I decided on a career in crypto

Coinbase Voices is a collection of employee stories that highlight the expertise of our Coinbase team and share their journeys to crypto. In this post, Carolina Verdelho, Senior Recruiting Manager, discusses her experience as an international recruiter and how she’s using it to help shape the future of Coinbase. Tell us about your journey to becoming a Sr. Recruiting Manager. What does your job entail? I’ve been in Recruiting for more than 15 years now, and have always worked with tech companies. I started my career in Brazil, working in traditional…

Coinbase Cloud Launches a Forum for Web3 Developers

By Larry Kubin, Senior Developer Relations Engineer Last year, Coinbase Cloud announced the launch of our unified developer docs to make it easier and faster for developers to build Web3 applications using Coinbase APIs and services. As part of our commitment to developers and embracing the collaborative spirit of Web3, today Coinbase Cloud is launching a forum for developers to connect with Coinbase engineers, share projects, get feedback, ask questions, and learn how to build with our APIs and services — including Coinbase Wallet, Exchange/Pro, Sign in with Coinbase, Rosetta, and more. The…

Why a Crypto Investor Wants to Educate Latinos About Investing in Web3

Web3 Familia founder Orlando Gomez is a new crypto investor and got inspired to teach others. Gomez, a former investment banker, plans to educate Latinos on how to invest in Web3. So far, Web3 Familia has over 600 members on Discord and hopes to have 1 million by 2023. It was during an internship with Harlem Capital, an early- stage venture capital firm that invests in diverse founders, that Orlando Gomez realized more capital was being deployed into Web3 startups. After completing his internship at the VC firm last November,…

‘AWS for Web3’ Pocket Network Shakes Up Infrastructure of the Internet

TAMPA BAY, Fla., Jan. 14, 2022 /PRNewswire/ — Pocket Network – an infrastructure middleware protocol which facilitates decentralized cloud computing and abundant bandwidth on full nodes interoperable with DApps across all 21+ blockchains, doubles down on its market-based approach to infrastructure by incentivizing a global community of independent node operators and service providers running 21,000+ nodes adding to the network’s resilience. Pocket Network is secured by over $320M worth of network infrastructure distributed globally across 23 countries and reduces the risk of service downtime to near zero for any layer 1…