Bitcoin Cash price (BCH/USD) skyrockets on surprise Coinbase listing

Are Bitcoin Traders Being Taught an Age Old Wall Street Game

Are Bitcoin Traders Being Taught an Age Old Wall Street Game

"Given the price increase in the hours leading up the announcement, we will be conducting an investigation into this matter", Armstrong said.

Insider trading claimsCoinbase began allowing users to buy and sell Bitcoin Cash on Tuesday evening.

At the time of writing, the last quoted price on GDAX was listed at $9,500, almost $6,000 above Bitcoin Cash's new all-time high price average.

There are usually some differences in price for most cyrptocurrencies from exchange to exchange, as the length of time it takes to transfer cryptocurrencies makes arbitrage trades hard.

Compounding the day of bad news in the crypto world, a South Korean exchange on Tuesday said it was shutting down and filing for bankruptcy after being hacked for the second time this year, highlighting concerns about security as trade in bitcoin and other virtual currencies boom.

A blast of winter predicted for Wednesday
Drivers should be prepared for reduced visibilities at times, the NWS said: "Roads will become snow-covered and hazardous". Temperatures start chilly in the 20s Saturday and rise closer to, if not a bit above normal by the end of the weekend.

In a follow up post on Wednesday, Coinbase CEO Brian Armstrong acknowledged that the price of Bitcoin Cash had increased before the announcement that the platform would allow trading.

Reacting to the suspicion of fishiness, Armstrong said on the company blog: "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".

Coinbase stated: "Coinbase maintains a strict trading policy and internal guidelines for employees". The second coin has been implemented to better handle some of the shortcomings of Bitcoin such as ever-growing transaction fees and confirmation times.

Coinbase is a trading site popular with digital currencies like ethereum and litecoin as well as bitcoin, the original cryptocurrency which was trading at about $17,000 on Wednesday. The policy prohibits employees and contractors from trading on "material non-public information", such as when a new asset will be added to our platform. Owners of Bitcoins at the time of the fork were rewarded with an equal sum of Bitcoin Cash. Coinbase tends to drive up prices for cryptocurrencies, like bitcoin, when it includes them in its exchange.

Trading was halted abruptly last night after bitcoin cash, which broke away from the main bitcoin blockchain last month, was listed on GDAX. But, only two minutes later, the exchange paused BCH/USD trading "due to significant volatility".

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.