Coinbase Is Getting Sued for Insider Trading

On December 19, Coinbase made a surprise announcement that it had started to trade a cryptocurrency called Bitcoin Cash. Coinbase has more customers than the mainstream finance company Charles Schwab, so its decision on whether to support a cryptocurrency has a big impact on that cryptocurrency’s value. Indeed, within minutes of Coinbase’s announcement, the price of Bitcoin Cash shot up by nearly $1,000 and all further Bitcoin Cash trades were cancelled.

Source: vice.com