Update - Ethereum transactions continue to remain backlogged. We're steadily processing sends and receives from the past day and will continue to monitor for further issues. We do not have an estimate on full resolution at this time.
I mean what exactly is their fucking problem? (Lol, too many sell orders)
If the beanie baby store relies on a robust market to stay in business....
This just has a bad aroma. There are huge Ethereum market sell orders and Coinbase throws a trading circuit breaker.... fresh off trotting out their GDAX product. Cause that's what this looks like - a trading halt
There is absolutely no regulatory apparatus surrounding the internals of this exchange. Or any other for that matter. I'm generally big fan of laissez-faire capitalism but exchanges and those who run them are fraught with temptation and shit 100% has happened in other markets. HFT, dark pools etc are recent examples. But even then there was/is more transparency and liquidity (thin markets are a pirates cove)
We saw the games run by the Chinese. Outright fake transactions to name one.
Yeah, the IRS was on a fishing expedition with Coinbase last year. The scent is strong.
Is there a clean exchange - something other than Coinbase? Like run by some libertarian Mormons? Doubt it.
Or you want to tell me Coinbase is under attack by some ultra anarchist Bitcoiners who see Coinbase as a bank.
Good luck gentlemen. Euphoria can blind you.