Coinbase will now support Bitcoin Cash
US crypto giant Coinbase made the surprise announcement yesterday that it will support Bitcoin Cash. The fork from Bitcoin hit a record at $2500 ahead of the announcement and went on to jump 40% to $3200 afterwards.
In theory, insider trading in crypto should be the easiest thing to get away with. Since Coinbase isn't yet supporting it, they couldn't have done it on their own exchange. You would need to be pretty stupid to transfer it into your own exchange afterwards.
"If we find evidence of any employee or contractor violating our policies - directly or indirectly - I will not hesitate to terminate the employee immediately," Coinbase Chief Executive Brian Armstrong said.
I mean, you would have to be exceptionally stupid to get caught on this one. Coinbase is a fairly big firm and it would be almost impossible to keep it under wraps that it was supporting Bitcoin Cash starting on Wednesday without a lot of people knowing about it.
So congrats to the people who front-ran the announcement. There are no rules in this mania anyway.
