Coinbase Merchant Error Causes Major Exploit on Overstock

overstock logoRecently, it was made public that retail giant Overstock.com had fallen victim to a huge exploit involving Coinbase’s merchant API. This is another issue on top of many others that customers and businesses have made apparent affecting the leading Bitcoin exchange. On January 5, independent researchers discovered a massive exploit in Overstock’s cryptocurrency payment gateway, which is offered through Coinbase’s merchant functionality. This exploit allowed Overstock customers to purchase items with Bitcoin Cash (BCH) instead of Bitcoin, which effectively resulted in an almost 85% discount. The even greater issue that emerged was the ability to return purchases made with the discounted BCH and

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GDAX on Its Botched Bitcoin Cash Launch; “Heavy Buy Demand Resulted in Insufficient Liquidity”

GDAX on Its Botched Bitcoin Cash Launch; "Heavy Buy Demand Resulted in Insufficient Liquidity"On January 9, Adam White, the general manager of the GDAX exchange, a subsidiary of Coinbase, gave his “retrospective” on the recent and controversial bitcoin cash (BCH) launch on the platform. White details that despite the company’s best efforts things didn’t go as planned, and the executive gives a transparent timeline of events. Also read: […]

The post GDAX on Its Botched Bitcoin Cash Launch; “Heavy Buy Demand Resulted in Insufficient Liquidity” appeared first on Bitcoin News.

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Coinbase Withdrawal Delays Leave Users Frustrated, Crying Foul

Coinbase Withdrawal Delays Leave Users Frustrated, Crying FoulWhen you are dealing with platforms that are supposed to be the on-ramps to the money of the future it’s hard to accept worse performance than the systems of the past. Unfortunately, this an issue plaguing all major cryptocurrency exchanges at the moment with Coinbase being one of the leading examples right now. Also Read: […]

The post Coinbase Withdrawal Delays Leave Users Frustrated, Crying Foul appeared first on Bitcoin News.

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Lingering Degraded Performance Affects Users of Coinbase

coinbase logoIt is evident that a lot of cryptocurrency exchanges had some issues throughout 2017. Scaling such centralized platforms will always remain a major challenge. That’s especially the case when these companies have to deal with a major influx of new users on a daily basis. It seems these problems will remain present during the first few days and weeks of 2018. Coinbase is still experiencing major issues with most cryptocurrencies, US wires, and ID verification. It is evident something will need to change sooner or later. More Coinbase Woes to Kick off 2018 Being one of the world’s most popular cryptocurrency exchanges

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Ripple Dips After Coinbase Rejects Rumors of Adding New Assets

Ripple Dips after Coinbase Rejects Rumors of a New AssetRipple has taken a hit by a move to end rumors that Bitcoin’s centralized competitor might be introduced to the leading trading platforms in the US. No decision to add new assets to either GDAX or Coinbase has been made, the exchange said in a blog post dismissing any statements to the contrary. Ripple lost […]

The post Ripple Dips After Coinbase Rejects Rumors of Adding New Assets appeared first on Bitcoin News.

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