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.
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.
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