• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Breaking News: Tether Announces Strategic Partnership To Combat Stablecoin Misuse
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Bitcoinist.com
No Result
View All Result
Breaking News: Tether Announces Strategic Partnership To Combat Stablecoin Misuse
Coinbase

Coinbase Accused of Insider Trading After Botched BCash Launch

Wilma Woo
by Wilma Woo
7 years ago
·
Posted in News, Altcoin Price, Altcoins, Bitcoin, Bitcoin Exchange, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Traders are accusing Coinbase and its GDAX trading platform of “insider trading” after Bitcoin Cash (BCH) appeared to reach $9000 in a failed launch.


Industry Cries Foul Over Coinbase/ GDAX BCash ‘Trading’

Significant price volatility in BCH, also known as BCash, accompanied a botched release on GDAX, which then saw activity tantamount to market manipulation, critics are saying.

Trading of the altcoin stopped completely in the hours after launch, due to recommence December 20 at 09:00 pacific time.

BCash is currently mired in an increasingly wide scandal involving unlikely alleged “colluders” including news network CNBC.

More Altcoins Coming to Coinbase Says CEO Brian Armstrong

The altcoin’s huge price uptick across major exchanges to in excess of $3400 came as a CNBC Twitter account suddenly began posting BCash advertising, publicly calling out any responses critical of its tone.

Coinbase, which is part of the product index for CME Group after it launched Bitcoin futures trading Sunday, is facing pressure.

“…By being part of a product index for (CMEGroup) you agreed to certain rules,” one popular commentary on the situation reads.

“Since bch news was clearly leaked around 2:30pm CST to certain parties. this qualifies as insider trading. Hope you enjoy the incoming complaints.”

https://twitter.com/IamNomad/status/943278311509233664

Armstrong: We’ll Conduct ‘Investigation’

The exchange is allegedly “investigating” the insider trading claims, Quartz reports, while posting official announcements defending its practices.

“Given the price increase in the hours leading up the announcement, we will be conducting an investigation into this matter,” CEO Brian Armstrong wrote in a dedicated blog post.

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.

Other sources have been more vocal in their suspicion, meanwhile.

Coinbase’s recent roadmap has become a further focus, its “projected” plans to implement partial BCash support contrasting strongly with this week’s reality.

This was #Coinbase Roadmap published 4 days ago. this was totally a misleading practice. No announcement, fake roadmap. You just lost a shit ton of trust. Time to change exchanger. pic.twitter.com/6GapqvYJr1

— A.D. (@Andrea_Disp) December 20, 2017

BitFury CEO George Kikvadze accused organizers of a “pump and dump” scheme.

“The only thing the Pumpers forgot all of this is happening on… US (soil) on a USA Exchange with Billions of People’s Assets,” he added.

What do you think about Coinbase/ GDAX’s interaction with BCash? Let us know in the comments below!


Images courtesy of Twitter, Shutterstock

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Wilma Woo

Wilma Woo

Follow

Full Profile

Related Posts

Bitcoin

Analyst Predicts Bitcoin Price Breakdown — Here’s The Best Time To Buy

11 hours ago
Metaplanet

Metaplanet Moves On Digital Bank Acquisition As It Scales Bitcoin Strategy

19 hours ago
Altcoins

Altcoin Season Index Points To Possible Bottom Despite Bitcoin Dominance

1 day ago
Will 600K Bitcoin Be The Tipping Point? Saylor’s Strategy Sparks Institutional Wave

Will 600K Bitcoin Be The Tipping Point? Saylor’s Strategy Sparks Institutional Wave

1 day ago
Bitcoin

Corporate Bitcoin Craze: 54 Companies Dump $500M Into BTC Treasuries

2 days ago
Altcoins

Altcoin Season Brewing? Index At Levels That Historically Spark Massive Rallies

2 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Ripple (XRP) and Dogecoin (DOGE) Holders Flock to ALL4...

    5 minutes ago
  • [Exchange Background] Kraken certified ETHRANSACTION cloud...

    4 hours ago
  • MiningToken Becomes the Most Profitable Bitcoin Cloud...

    6 hours ago
  • Crypto ETFs promote the development of cloud mining...

    6 hours ago
  • XRP Mining teaches you how to turn your cryptocurrencies...

    7 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.