The company opened its doors to bitcoin cash trading on Tuesday, December 19, but the currency's skyrocketing pre-Coinbase launch value indicated that someone related to the online exchange spilled the beans early to make a profit. Some businesses, hoping to seize on the bitcoin mania, have changed their names to include the word blockchain, the technology that undergirds the virtual currency.
The company's chief executive intervened after several market watchers posted allegations of illegal activity on social media sites.
Bitcoin's price has climbed back up to around $12,800 as of the time of publishing, and Coinbase noted that buying and selling may still be blocked. "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". Bitcoin was down more than 20% on Coinbase's GDAX exchange at the time of writing.
Bitcoin, the cryptocurrency that has soared in value this year, plunged below $11,000 Friday morning, sinking by almost half from a record high it hit less than a week ago.
Largest US Bitcoin exchange halts trading as cryptocurrencies plummet
Buys and sells on Coinbase, the largest cryptocurrency exchange in the U.S., were disabled for a little over two hours Friday amid a massive cryptocurrency sell-off.
Claims of insider dealing were not the only hitch that Coinbase experienced when it finally added support for the new asset.
So then why would the man behind one of the most influential voices in Bitcoin right now sell off his share? Coupled with Bitcoin Cash's incredibly fast processing speeds, it is the obvious choice when seeking out the most functional currency that harbors the highest potential for the future. It remains unclear whether or not this was a software glitch or if deals were really being made at this level. Perhaps it is these qualities that have lead Bitcoin Cash to give the second largest cryptocurrency in the world some though competition in terms of market capitalisation.
Amazon Acquires Smart Camera And Video Doorbell Company Blink
The weird thing is that Blink actually delivered the goods in 2016, and the company has since expanded into smart doorbells . In October, Amazon introduced the Amazon Cloud Cam as part of the Amazon Key in-home delivery service.
- Mets hire former GM Omar Minaya as Special Assistant to Alderson
- Cold front brings another round of snow
- Par soucis d'image, une députée LREM va revendre sa décapotable
- MISSILE ACTIVITIES: New & tougher sanctions underway for defiant North Korea
- Des gardes-côtes libèrent une tortue piégée par 800 kilos de cocaïne
- Celebrity chef Nick Nairn battered by men in city centre
- Canada: un animateur télé tue un puma et suscite la controverse
- Cara Delevingne and Jimmy Choo blasted for 'tone deaf' advert
- Un couple d'artistes franco chinois porté disparu après avoir été censuré — Chine
- Des spectacles de Yassine Belattar annulés des suites d'un article mensonger