Crypto Exchange Coinbase 'Free Bitcoin' Super Bowl Ad Commercial Site to Briefly Crash


On February 13, Coinbase followed up the ‘Free
Bitcoin’ super bowl commercial with a message via social media, declaring a $15
Bitcoin giveaway to clients who join on Super Bowl Sunday.
Following the advertisement broadcasted on
Sunday evening, various reports arose via online media that Coinbase's site had
crashed, with the unexpected influx of clients liable to blame. The site is
currently available and usable as of this writing.
The sixty-second commercial is exclusively
made out of a QR code kicking back against the sides of the frame, similar to a
DVD Video logo that seems when a film is stopped for an adequately long time
interval. Set to a tune named "Alupa - Pappa," the QR card moves
around, changing colors before the advertisement finishes up with the Coinbase
logo. Scanning the QR code diverts watchers to Coinbase's official site.
The blackout didn't keep going long as the Coinbase
site was up a couple of moments later, including its homepage page that showed
the giveaway promotion alongside messages like "Less Talk, More
Bitcoin" and "WAGMI."
The faltering in Coinbase servers isn't the
main obstacle that the cryptocurrency exchange has confronted this end of the
week. Coinbase briefly suspended exchanging on its new Advanced Trading platform
on Friday evening after being told of a weakness in its exchanging systems by a
white-hat hacker.
"The issue is sensitive and could
allow malicious users to send all Coinbase order books to arbitrary prices,"
the white-cap programmer, who goes by the pseudonym "Tree of Alpha,"
told CoinDesk via Twitter. The company has since worked together with the hacker
to resolve the issue.
Coinbase's limited scale ad is just the principal
cryptocurrency-related commercial for a Super Bowl broadcast that is relied
upon to air promotions from other cryptocurrency exchanges.

Joyashree Dey
CBW - External Analyst
INDIA