Subscribers can now buy, sell, send and receive Bitcoin Cash on Coinbase

by Susie Olson December 22, 2017, 0:55
Subscribers can now buy, sell, send and receive Bitcoin Cash on Coinbase

The price of bitcoin swung wildly on Wednesday morning after Coinbase, the largest bitcoin exchange in the United States, announced on Tuesday that it was now offering bitcoin cash, an offshoot of the most popular cryptocurrency that was "born" from a hard fork in August. Now, an investigation is underway.

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".

Charlie Lee denied any connection, stating he only sold for convenience. The Bitcoin Cash markets will most likely sort themselves out as traders decide exactly how much value trading at Coinbase does or does not bring to BCH.

And yet more and more skeptics believe it was the inside information, and not the intrinsic qualities of BCH, that made the price spike possible. Once paused, we cancelled resting orders and cleared all BCH order books. Analysts attributed the plunge to an influx of funds to Bitcoin Cash.

Pence Israel Visit Postponed Yet Again
In October, Pence's office said the vice president was schedule to make a stop in the occupied West Bank during the visit. The leader of Egypt's Coptic Church had already cancelled his meeting with Pence to protest the USA move.

Armstrong notes that Coinbase has strict confidentiality policies and doesn't allow for insider trading.

While Coinbase briefly enabled orders to be posted in U.S. dollars on its platform for more sophisticated traders, it suspended the facility after two minutes due to 'significant volatility, ' the company said in a blog post. "All customers who held a Bitcoin balance on Coinbase at the time of the fork will now see an equal balance of Bitcoin Cash available in their Coinbase account", it wrote in the announcement. Coinbase suspended trading as cryptocurrency market watchers began to voice concerns that company employees could have been behind the price climb.

"I take the confidentiality of material non-public information very seriously as CEO". As smaller miners become overburdened financially, they turn to Bitcoin Cash, or the "second Bitcoin", analysts say.

Four hours into Bitcoin Cash's whirlwind debut on the platform, Coinbase temporarily ceased transactions for the cryptocurrency until around noon, leading to additional indignation on Twitter. This was communicated multiple times via multiple channels to employees. As such, he is taking the investigation into insider trading extremely seriously.


TOP News

Real Madrid reach World Club Cup final
Brazil's Gremio defeated Mexico's Pachuca 1-0 in extra time to advance to the Club World Cup final on Tuesday. The VAR also cancelled what would have given Al Jazira a 2-0 lead before Real Madrid equalised.

Trump judicial nominee pulls out
Kennedy went on to question Petersen on when the last time he read the Federal Rules of Civil Procedure. Kennedy said Trump has also told him that he's counting on senators to reject his bad judicial picks.

Google Assistant Heads to Tablets, Older Android Phones
So make sure all your Google apps are updates and let us know once you receive the Google Assistant on your Lollipop smartphone. Indeed, up to this point Assistant has only been available to Android phone users running Android 6.0 Marshmallow or higher.

Coutinho's commitment to Liverpool not in question, says Oxlade-Chamberlain
They are good - that's why they are at Liverpool - but they need to be consistently good because we are Liverpool . Coutinho's goal was the highlight.

Clement has one doubt for City test; key man available
A minute later some neat footwork gave Raheem Sterling a sight of goal and Swansea defender Mike van der Hoorn had to make an important interception.

Pop Boy Band Singer Jonghyun Dead At 27
Korean pop music - or K-pop - is one of the most notable exports to come out of South Korea in the past decade. SHINee was formed in 2008 by SM Entertainment and had five members: Jonghyun, Onew, Key, Minho and Taemin.

Autopsies underway for pharmaceutical billionaires found dead in their home
Toronto mayor, John Tory, said the he was "shocked and heartbroken" to learn that the two were found dead in their home. Sarah Alvi lives with her family across the road from the Sherman home and has known the couple for four years.

Hanukkah celebration begins in Missoula
Tel Aviv and Jerusalem have a relationship not unlike NY and Los Angeles - fractious siblings who force everyone to take a side. Zev Feldman, a native of Halifax, Nova Scotia, said he came to Tulsa to " celebrate Hanukkah with all Jewish people worldwide".

AC Milan hero Kaka announces his retirement
I spoke to some people very close to me, my parents, my brother, my girlfriend and my brother's wife, five people. The former FIFA World Cup victor with Brazil stated that: "My cycle as a professional player ends here".

'PadMan' trailer: Akshay Kumar emerges as the new Indian superhero
Sonam also tweeted the trailer and wrote, "Great things come of out passion and PAD MAN is a great example of this". PadMan trailer: Akshay Kumar feels the film is for those who are insane enough to change the world.