Coinbase Reportedly Blocks Bitcoin Buys

Earlier we reported that Elon Musk had added Bitcoin to his twitter profile, and thus exposing his 49 million followers to the cryptocurrency.

The price of Bitcoin jumped by $4000 right after being added to Musk’s twitter profile.

Apparently, somebody was caught off guard, in what appears to be a response to the quick jump in the Bitcoin price, Coinbase has temporarily halted the buying of Bitcoin on its platform.

A screenshot from Coinbase was tweeted by Documenting Bitcoin.

Twitter user Prof. Dr. Benjamin F. Schaarschmidt replied to the tweet stating the Binance exchange had also temporarily halted Bitcoin buying.

Story developing…