Coinbase suffers 'system-wide outage'

The U.S.-based cryptocurrency exchange Coinbase has reported a "system-wide outage," according to Cointelegraph. The outage began at 4:15 a.m. UTC on May 14. The exchange announced that users' funds are securely protected, saying "Your funds are safe." Its official website currently shows a “503 Service Temporarily Unavailable” error message. Details about the cause of the outage are yet to be released.