Bcash Bottleneck

❄️ ❄️ December 20, 2017 ❄️ ❄️

"The first principle is that you must not fool yourself and you are the easiest person to fool." 
― Richard P. Feynman

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THE FEATURE

Coinbase to Probe for Insider Trading Breach in Bitcoin Cash Listing

Cryptocurrency exchange startup Coinbase has announced it will commence an investigation into whether any employees may have violated its insider trading rules in the run-up to its surprise listing of bitcoin cash yesterday.

The news follows widespread social media accusations that suggest employees may have moved to tip off others in advance of the news. As profiled by CoinDesk, bitcoin cash set a new record of $2,500 earlier in the day's trading, rising 21 percent by the early morning hours before hitting an all-time high above $3,700.

In a blog post, CEO Brian Armstrong addressed allegations head on, making public an exchange policy indicating that employees are barred from trading ahead of listings that may influence cryptocurrency markets.
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Wait, there's more:

Litecoin Creator Sells Stake Citing 'Conflict of Interest'
The creator of litecoin is no longer an investor in the cryptocurrency, according to a post he authored on Reddit Wednesday.

Coinbase to Probe for Breach in Bitcoin Cash Listing
Exchange startup Coinbase is taking steps to ensure its policies were followed over allegations employees may be trading on preferential information.

How Low Can Bitcoin Go? Charts Hint $11k in Play
How low can bitcoin go? A look at the charts suggest a bearish price reversal could extend through the weekend.

Singapore Central Bank Urges 'Extreme Caution' on Bitcoin Investment
The Monetary Authority of Singapore has become the latest financial watchdog to issue a warning on the risks of investing in cryptocurrencies.

Morgan Stanley: Hedge Funds Poured $2 Billion into Cryptos in 2017
Banking giant Morgan Stanley has estimated that hedge funds invested $2 billion in cryptocurrencies this year.

Bitcoin No Threat to Financial Stability, Say European Economists
A group of university economists believe bitcoin is no threat to the financial stability, though regulatory oversight needs to be increased.

The 2017 Tapscott Blockchain Prediction Scorecard
How did the pundits fare in 2017? Author Don Tapscott reviews his own predictions, taking stock of where he went wrong and where he was on the money.

Chain Moves to Simplify Smart Contracts on Bitcoin Blockchain
The startup released an open-source compiler that translates between Ivy, Chain's high-level smart contract language, and low-level Bitcoin Script.

Bring on the FUD: 2017 Was The Year Bitcoin Became Anti-Fragile
What happened after all the fear, uncertainty and doubt of 2017? Bitcoin became stronger than ever, according to developer Jimmy Song.

Coinbase Halts Bitcoin Cash Trading Abruptly After Launch
Coinbase launched bitcoin cash exchange trading Tuesday, but operations were anything but smooth. The feature was abruptly pulled after going live.

$300 Million Lockup: Storj Clarifies Token Economics in Surprise Reveal
Not many tokens are taking steps to clarify how they're handling their own funds. Storj, however, did just that with a surprise announcement Tuesday.

Decentralized Token Exchange Radar Relay Raises $3 Million
The team behind Radar Relay, a decentralized token exchange built on top of the 0x protocol, has raised $3 million in venture funding.

$17k Breached: Bitcoin Down 15% from All-Time High
Bitcoin's price has dipped below $18,000, marking a decline of more than $1,300 since the start of the day's trading.

Augur's App Token Doubles in Price to Top $100
The price of the digital token underlying Augur's ethereum-based prediction market has risen sharply in the past day, market data shows.
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BTC: $17,140.01 -2.66% 
ETH: $826.12 -0.41%

@8:52 EST - More price details
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