The price of growth

Customer complaints targeted at Coinbase have grown with the rise in bitcoin

CoinDesk Weekly is sponsored by  February 16, 2018 "Sometimes growing pains are by fits and starts."    ― Anne Northup Got this from a friend? SUBSCRIBE HERE THE FEATURE As Bitcoin Soars, So Do Coinbase Customer Complaints It was around midnight, January 31, when K. received an email from Coinbase containing a 1099 tax form. That was strange enough - K. certainly didn't expect a cryptocurrency exchange to be a conduit for government documents. Then K. looked at how much Coinbase said he owed money on: $2.4 million. "I initially freaked out, considering I've probably put in a max of $8,000 into Coinbase and somehow I may be liable for millions?" K. said in an online chat with CoinDesk. The next business day, K. called Coinbase customer support, only to have a representative tell him he couldn't answer the details on the phone, and to email the company instead. Which he did, only to get a formulaic response showing the IRS guidance to Coinbase. Read the whole story Tweet Share ⭐ COINDESK SPONSOR ⭐ At Cryptolobal, we mine a diverse portfolio of cryptocurrencies from one of Canada's largest and most efficient mining operations. CryptoGlobal. We Power the Blockchain. CryptoGlobal is listed on the TSX Venture exchange under the symbol CPTO. Learn More Wait, there's more: Bitcoin Cash Hits $1.5K Amid Short-Term Bull Reversal Bitcoin cash has rallied sharply from recent lows, but still remains trapped inside a bearish pattern, price charts indicate. Japan's Finance Watchdog to Inspect 15 Unlicensed Crypto Exchanges The Japanese government said today that inspections will take place at 15 unlicensed cryptocurrency exchanges in light of a recent major hack. Pullback on Hand? Bitcoin Shows Weakness Above $10K Having found weak hands above the $10,200 mark in Asian hours, bitcoin has slipped back into four figures. 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