Payments Awards

Crypto-currency under investigation

Written by Mark Evans
20/12/2017

Coinbase, a major US crypto-currency exchange is under investigation for insider trading.

The exchange has suspicions that its employees might have illegally exploited its recent entry into Bitcoin Cash and its own chief executive suspended activity after accusations appeared on social media.

Bitcoin Cash was released earlier this as a response to the long transaction times of Bitcoin. However, some exchanges did not support the move, and when finally these exchanges relented there was a significant price rise.