Bitwisdom coinbase bitcoin
Posted On 10.11.1962
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The company is looking into whether an employee profited off inside information Tuesday when the platform saw a dramatic rise in the value of Bitcoin Cash. Coinbase, the largest cryptocurrency trading platform, had just allowed live trading on Bitcoin Cash for the first time earlier that evening. 8,500 a coin within an hour. I will not hesitate to terminate the employee immediately and take appropriate legal action. Coinbase is the largest and most-accessed digital currency trading platform in the world. Other cryptocurrency exchanges have higher barriers to entry and lack many of the easy-to-use features on Coinbase, making access to the platform valuable to currencies.
Knowing when Coinbase would begin trading in Bitcoin Cash, which was expected to spike in value, would give a trader an advantage. Trading cryptocurrency based on insider information would violate Coinbase’s own internal policies, but its unclear what, if any, laws were broken. Peter Van Valkenburgh, research director at Coin Center, a cryptocurrency research and advocacy organization based in Washington, D. That doesn’t mean that this isn’t something that could violate laws however. Sign up for our daily email.
Receive all Bitcoinist news in Telegram! However, it’s worth noting that donations are still open but the site would have to find another way to get them converted into conventional cash. Interestingly enough, Coinbase has refrained from providing any specific reason for its decision. Financial Crimes Enforcement Network, under which the platform is regulated. Of course, the lack of any reasonable explanation on behalf of the trading platform does raise a few eyebrows. Do you think Coinbase’s actions are provoked by a hidden influence?
Please let us know in the comments below! The announcement coincided with the project’s much anticipated mainnet launch. Last year, it seemed like everyone was preoccupied with the popularity of cryptocurrencies. Most people could neither believe that they were so valuable and they were overwhelmed by the sheer breadth of the industry. For nearly twelve months, crypto retained the world’s attention, and they gave it quite a show.