Is Facebook about to launch its own cryptocurrency? 8,000 for the first time since March following a dramatic price spike. We use this information to enhance the content, advertising and other services available on the site. I accept’ to consent to the use of this technology by The Independent bitcoin investigation its partners.
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Coinbase has launched an internal probe to identify whether its employees engaged in insider trading of Bitcoin Cash shortly before the cryptocurrency was officially introduced to the exchange yesterday. Increased trading led to a spike in Bitcoin Cash’s valuation, and just four hours after its introduction, Coinbase suspended trading of the digital currency. Coinbase CEO Brian Armstrong in a Medium post today. That includes sharing that information with friends and family. Coinbase maintains a strict trading policy and internal guidelines for employees. Coinbase employees have been prohibited from trading in Bitcoin Cash for several weeks. I will not hesitate to terminate the employee immediately and take appropriate legal action.
Coinbase’s swift shutdown of Bitcoin Cash support came in the midst of many on Twitter raising suspicions last night about the unusual spike of Bitcoin Cash prices. I dont care how you slice it, this is INSIDER TRADING! Whoever you are you are your making crypto look like wall st. If I didn’t know better, I’d think that was potential insider trading activity. The fork was backed by one bitcoin group that wanted to combat bitcoin’s high transaction fees and the size limit that made mining larger blocks of data invalid.
When the fork occurred, several trading platforms like CEX. Now, Coinbase has decided to enable support for Bitcoin Cash, which has become the third largest cryptocurrency after Bitcoin and Ether in terms of market cap. 15,000 per coin this month, Bitcoin Cash’s value has steadily risen. We’ve reached out to Coinbase for clarification and will update this story when we hear back.
Police in Kenya arrest three Bitcoin traders on charges of money laundering by using stolen money to purchase cryptocurrency. There are some definite advantages to using cryptocurrencies like Bitcoin, such as anonymity and ease of use. Of course, one of the main benefits of digital currency is that anybody, no matter where they are in the world, can be an active participant in the crypto economy. The internet allows for instantaneous communication between people from all corners of the globe, not to mention the joy of watching funny cat videos. The three Kenyan Bitcoin traders found out that being able to easily buy digital currency can come with a cost. M Bank and a Safaricom Pay Bill account.