Bitcoin Cash (BCH) Price Hits Record High, Resuming Action On Coinbase Post-Insider Trading Probe - KDTV6 CYPTO NEWS

Wednesday, December 20, 2017

Bitcoin Cash (BCH) Price Hits Record High, Resuming Action On Coinbase Post-Insider Trading Probe

Bitcoin Cash is back in action on Coinbase—and moving.
Yesterday, San Francisco-based cryptocurrency brokerage Coinbase announced that it would support buying, selling, and trading Bitcoin Cash (BCH) on its platform, following speculation that had been mounting since the August fork.
The news resulted in a near-instantaneous spike in prices, leaping well over $3K, while Bitcoin Core prices (BTC) dropped 10 percent—with further drops and volatility throughout the night.
This news also came after widespread accusations that Coinbase employees had alerted those outside the company to the move, citing major growth spurts that took place that day (hitting a then-record high of $3,700) and the day prior, including one 24 percent spike in 90 minutes.

Twitter: @IamNomad
Social media outcry over Bitcoin Cash movement pre-announcement.
In a follow-up blog post, Coinbase CEO Brian Armstrong expressed the company's strong anti-insider trading policy (emphasis his):
I take the confidentiality of material non-public information very seriously as CEO. Given the price increase in the hours leading up the announcement, we will be conducting an investigation into this matter. If we find evidence of any employee or contractor violating our policies — directly or indirectly — I will not hesitate to terminate the employee immediately and take appropriate legal action.
Shortly thereafter, BCH trading was suspended on Coinbase until 9am PST Dec. 20. Ramping up to the re-launch, prices began to tick up again, with a listed price of $4,300.04 on CoinMarketCap. The price at 9:01am PST was $4,355.62—an increase of over 30 percent since last night.


BTC: 1oj2fx1nBsRVyvgVaNpzYRgHtwtpdokar
LTC: 0xe2f3d016e0740c279d8521d04f63c1f9be4fe71e
ETH: Ldx5gmhVPkfUaq9mpV4KiMyF7KagHhLDbq
BCH: 1K6PmYwpLhsP8ubEYni5SksMuXoimoDYRv



Bitcoin Rollercoaster: What Happened, and Why?

It’s been a turbulent week on the cryptocurrency market, where the spectacular gains made over the last month have evaporated in the sp...