Coinbase Temporarily Halts Payments and Withdrawals From US Bank Accounts

Today's News

Today's headlines cover a variety of topics including the outages on Coinbase, the freezing of customer accounts by Celsius, and the launch of Sutu's Circuit Breaker.


  • Coinbase users were unable to withdraw funds to US bank accounts for six hours: After six hours of being unable to withdraw funds from Coinbase to US bank accounts, the exchange resolved the issue.

  • Tumblr Is Never Going Back To Porn: In the wake of the recent Tumblr NSFW ban, the company has confirmed that it will never allow pornography on its platform again.

  • Bengaluru-based Juno, which works with US payroll services to offer checking accounts that give users their paychecks in digital tokens, raised an $18M Series A (Manish Singh/TechCrunch): Bengaluru-based crypto startup Juno has raised an $18 million Series A from a number of high-profile investors, including Green Visor Capital and Polychain Capital. The company offers checking accounts that give users their paychecks in digital tokens, and is currently working with US payroll services to offer the accounts to employees.

  • Sources: Celsius founder Alex Mashinsky withdrew $10M from the crypto lender weeks before freezing customer accounts; one source says $8M was used to pay taxes (Kadhim Shubber/Financial Times): Celsius founder Alex Mashinsky withdrew $10 million from the crypto lending platform weeks before the company froze customer accounts, according to sources. One source says that $8 million of the funds were used to pay taxes.

  • Bloomberg Best: Ian, Housing, Fed, Crypto (Podcast): In this episode of Bloomberg Best, host Bloomberg's Matt Miller sits down with Ian Bremmer, President of Eurasia Group, to discuss the state of the housing market, the Fed's monetary policy, and the cryptocurrency market.

  • Is Now the Time to Buy Ethereum After The Merge?: Analysts are divided on whether or not now is the time to buy Ethereum after the recent hard fork that created Ethereum and Ethereum Classic. Some say that the price is still too volatile, while others believe that the long-term prospects for the currency are strong.

  • Can Shiba Inu Reach $1?: Shiba Inu, the much-hyped "joke" cryptocurrency, has seen its price surge in recent weeks. Some analysts believe that the currency has the potential to reach $1, but others are skeptical.

  • It Could ‘Double In Price’—Crypto Braced For A Surprise $350 Billion Earthquake Amid Bitcoin, Ethereum, BNB, XRP, Solana, Cardano And Dogecoin Crash: The cryptocurrency market is bracing for a possible $350 billion "earthquake" amid a sharp sell-off in Bitcoin, Ethereum, Binance Coin, XRP, Solana, Cardano, and Dogecoin.

  • Sutu’s Circuit Breaker Launches Today: Sutu's Circuit Breaker, a tool that allows users to set price limits for their cryptocurrency investments, launches today.

  • ‘My husband died of brain cancer and then a crypto conman seduced me to steal £53,000’: A woman in the UK has revealed how she was conned out of £53,000 by a man who promised to invest her money in cryptocurrency. The man, who claimed to be a widower with brain cancer, seduced the woman and then disappeared with her money.

  • Crypto Futures Exchange BitMEX CEO: Expect an Exchange Token ‘This Year’: BitMEX CEO Arthur Hayes has said that the crypto futures exchange is likely to launch its own exchange token this year. The token would be used to reward users for their trading activity on the platform.

  • Battered Investors Now Find Thrills in T-Bills: With the stock market in a tailspin, investors are turning to safe-haven investments like T-bills.

  • These people have the inside take on Boston's tech scene: Get the inside scoop on Boston's tech scene from the people who know it best.

  • You weren’t supposed to see that: We take a look at some of the most sensitive, private, and potentially embarrassing data that has been leaked online.

  • Sorry, Ether: Sound Money Doesn’t Exist and Neither Does 'Ultra' Sound Money: Ether, the native currency of the Ethereum blockchain, is often touted as being a "sound money" or "ultra sound money." However, a new analysis argues that neither of these things actually exist.

  • Crypto Exchange Coinbase Temporarily Halts Payments and Withdrawals From US Bank Accounts: In response to issues with US bank transfers, Coinbase has temporarily halted payments and withdrawals from US bank accounts.

  • Crypto Futures Exchange BitMEX CEO: Expect an Exchange Token ‘This Year’: BitMEX CEO Arthur Hayes has