@Today 29 January 2021 more from that month

Kraken, Coinbase Suffer Outages Amid Market Volatility Some of the largest U.S.-based cryptocurrency exchanges are having trouble handing Friday’s market volatility. Kraken put its entire site in "maintenance mode" per the exchange's status page as the exchange battles a second day of severe connectivity issues. Thursday saw an outage of the exchange's trading API, although the web interface was still operational. Coinbase also reported "performance degradation," per its status page. The team is "looking into it" and the open issue message promised an update around 16:30 UTC (11:30 ET). The update simply read: "We are continuing to investigate this issue." As Coinbase works on a fix, reports of the exchange disabling USD buys circulated on Twitter. A Coinbase spokesperson confirmed to CoinDesk that USD buys were down, saying it was related to the outage issues. Bitcoin's price shot up nearly 20% early Friday morning to over $38,000.