{"id":7867,"date":"2022-02-14T07:15:34","date_gmt":"2022-02-14T07:15:34","guid":{"rendered":"http:\/\/egrowonline.com\/?p=7867"},"modified":"2022-02-14T07:15:34","modified_gmt":"2022-02-14T07:15:34","slug":"why-edward-snowden-is-criticizing-coinbase-over-super-bowl-ad-bitcoin-united-states-dollar-btc-converted-organics-coin","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=7867","title":{"rendered":"Why Edward Snowden Is Criticizing Coinbase Over Super Bowl Ad &#8211; Bitcoin &#8211; United States Dollar ($BTC), Converted Organics (COIN)"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"article-25591184\">\n<p>Former CIA agent and whistleblower <strong>Edward Snowden<\/strong> has criticized\u00a0at <strong>Coinbase Global Inc.<\/strong> (NASDAQ:<a target=\"_blank\" class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/COIN#NASDAQ\" rel=\"noopener\">COIN<\/a>) after the cryptocurrency trading platform\u2019s website crashed immediately after its Super Bowl ad was aired.<\/p>\n<p><strong>What Happened: <\/strong>Snowden noted on Twitter that Coinbase spending zero dollars to ensure its website does not crash even as it spends millions on the SuperBowl ad is\u00a0\u201cso very internet.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p>Coinbase spending $16,000,000 on a Superbowl ad to direct people to their website and $0 to make sure that website doesn&#8217;t crash 10 seconds after the ad starts is so very internet.<\/p>\n<p>\u2014 Edward Snowden (@Snowden) <a target=\"_blank\" href=\"https:\/\/twitter.com\/Snowden\/status\/1493044881534640131?ref_src=twsrc%5Etfw\" rel=\"noopener\">February 14, 2022<\/a><\/p>\n<\/blockquote>\n<p>The Coinbase ad \u2014 which featured a bouncing QR code placed in front of a black background \u2014 quickly went viral and was trending on Twitter.<\/p>\n<p>The bouncing QR code ad, which was\u00a0linked to Coinbase\u2019s \u201cless talk, more Bitcoin\u201d campaign,\u00a0<a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/02\/25590947\/how-coinbases-superbowl-ad-went-viral-unwittingly\" rel=\"noopener\">crashed the company\u2019s application<\/a>.<\/p>\n<p><em>See Also: <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/money\/how-to-buy-bitcoin\/\" rel=\"noopener\">How To Buy Bitcoin (BTC)<\/a><\/em><\/p>\n<p><strong>Why It Matters<\/strong>: Super Bowl LVI was labeled the \u201cCrypto Bowl\u201d by several publications since it <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/02\/25569962\/super-bowl-lvi-becomes-crypto-bowl-with-commercials-ad-campaigns-for-big-game\" rel=\"noopener\">featured commercials<\/a> from several companies to promote their cryptocurrency exchanges and platforms.<\/p>\n<p>Coinbase enables users to trade in cryptocurrencies like <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/money\/is-bitcoin-a-good-investment\/\" rel=\"noopener\"><strong>Bitcoin<\/strong><\/a> (CRYPTO: <a target=\"_blank\" class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\" rel=\"noopener\">BTC<\/a>), <strong>Ethereum<\/strong> (CRYPTO: <a target=\"_blank\" class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\" rel=\"noopener\">ETH<\/a>) and <strong>Dogecoin<\/strong> (CRYPTO: <a target=\"_blank\" class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/doge\/usd\" rel=\"noopener\">DOGE<\/a>) among other offerings.<\/p>\n<p>An anonymous white-hat hacker had managed to suspend trading on Coinbase by <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/02\/25587199\/coinbase-trading-vulnerability-exposed-by-white-hat-hacker-service-now-restored\" rel=\"noopener\">hacking its advanced trading platform<\/a> on Friday. The company later said it had \u201cre-enabled full service for retail advanced trading.\u201d<\/p>\n<p><strong>Price Action<\/strong>: Coinbase shares closed 5.0% lower in Friday\u2019s regular trading session at $194.53 and further lost almost 0.3% in the after-hours session to $194.00.<\/p>\n<p><em>Read Next: <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/02\/25591091\/coinbase-extends-bitcoin-giveaway-to-existing-users-after-superbowl-fame-how-to-enter\" rel=\"noopener\">Coinbase Extends Bitcoin Giveaway To Existing Users After Superbowl Fame: How To Enter<\/a><\/em><\/p>\n<p><em>Photo: Courtesy of Gage Skidmore via <a target=\"_blank\" href=\"https:\/\/commons.wikimedia.org\/wiki\/File:Edward_Snowden_(15904840434).jpg\" rel=\"noopener\">Wikimedia<\/a><\/em><\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/02\/25591184\/why-edward-snowden-is-criticizing-coinbase-over-super-bowl-ad\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former CIA agent and whistleblower Edward Snowden has criticized\u00a0at Coinbase Global Inc. (NASDAQ:COIN) after the cryptocurrency trading platform\u2019s website crashed immediately after its Super Bowl ad was aired. What Happened: Snowden noted on Twitter that Coinbase spending zero dollars to ensure its website does not crash even as it spends millions on the SuperBowl ad [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7868,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[50,2657,194,268,315,1754,5063,579,5061,1755,5062,578,1108,577],"class_list":["post-7867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-bitcoin","tag-bowl","tag-btc","tag-coin","tag-coinbase","tag-converted","tag-criticizing","tag-dollar","tag-edward","tag-organics","tag-snowden","tag-states","tag-super","tag-united"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/02\/edward_snowden_15904840434_0.jpeg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7867"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7867\/revisions"}],"predecessor-version":[{"id":7869,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7867\/revisions\/7869"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/7868"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7867"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}