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Buy, sell, send and receive Bitcoin Cash on Coinbase

blog.coinbase.com

61–70 of 304 posts

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#61

I suspect they have some fixing to do yet... common prices listed on indexes are ~$3,539.82 USD at the moment. Coinbase UI has the UI pegged at $8,499.03 .. with console errors, and ssl to be distrusted errors.

Must be fun to do testing for api failure modes with this...

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#63
post #44
post #5

I wonder how much money Coinbase employees, friends and family made by insider trading on this announcement. Gotta love unregulated markets!

This was announced on Aug 3rd: https://blog.coinbase.com/update-on-bitcoin-cash-8a67a7e8dbd... At that time the price was just under $500 so the public had plenty of time to get in. Also note that the price could very well drop as Coinbase customers sell their "free" BCH.

Yeah, but the exact timing was not announced, and it was known to some insiders. Knowledge of that timing would be worth a very large amount of money.

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#64
post #5

I wonder how much money Coinbase employees, friends and family made by insider trading on this announcement. Gotta love unregulated markets!

Exactly the first thought that came to my mind. BCH up 30%. I wonder how many Coinbase employees bought BCH throughout this past month. Also. it's easily predictable that introducing a new currency will temporarily affect the other currencies negatively. Very gray area.

FTFA:

Coinbase maintains a strict trading policy and internal guidelines for employees. Coinbase employees have been prohibited from trading in Bitcoin Cash for several weeks.

Now, how would Coinbase know if an employee traded BCH on another exchange?

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#65
post #5

I wonder how much money Coinbase employees, friends and family made by insider trading on this announcement. Gotta love unregulated markets!

I think it would be pretty cool to see Coinbase employees go to prison for insider trading. Not out of any sort of vengeance, I just think it would be a huge paradigm shift in cryptoland. Continuing saga between regulation and pure greed/manipulation of cryptos. I assume most country's (especially the US's) federal regulations are way too slow to verify this is in fact true illegal insider trading though?

[deleted]

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#66
post #64

Earlier quoted context omitted.

Exactly the first thought that came to my mind. BCH up 30%. I wonder how many Coinbase employees bought BCH throughout this past month. Also. it's easily predictable that introducing a new currency will temporarily affect the other currencies negatively. Very gray area.

FTFA: Coinbase maintains a strict trading policy and internal guidelines for employees. Coinbase employees have been prohibited from trading in Bitcoin Cash for several weeks. Now, how would Coinbase know if an employee traded BCH on another exchange?

Also it doesn't speak about board members

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#69
post #5

I wonder how much money Coinbase employees, friends and family made by insider trading on this announcement. Gotta love unregulated markets!

Exactly the first thought that came to my mind. BCH up 30%. I wonder how many Coinbase employees bought BCH throughout this past month. Also. it's easily predictable that introducing a new currency will temporarily affect the other currencies negatively. Very gray area.

Thought experiment: Just say Citibank adds the Mexican pesos to their products, USA & international, side by side to all their USD products. If citibank bought pesos before the announcement, would they be engaging in insider trading? (Pesos are just for illustrative purposes, replace with your local currency)

If so, would every bank need to halt trading in a currency before adding it?

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#70
post #64

Earlier quoted context omitted.

Exactly the first thought that came to my mind. BCH up 30%. I wonder how many Coinbase employees bought BCH throughout this past month. Also. it's easily predictable that introducing a new currency will temporarily affect the other currencies negatively. Very gray area.

FTFA: Coinbase maintains a strict trading policy and internal guidelines for employees. Coinbase employees have been prohibited from trading in Bitcoin Cash for several weeks. Now, how would Coinbase know if an employee traded BCH on another exchange?

They wouldn't know of course, but that's not the point. The point is to cover their own ass if they get in legal trouble, by saying "well, we told them it was prohibited, and made them sign stuff".

It's the same reason companies make all their employees go through sexual harassment training. Not because they actually believe such training reduces sexual harassment, but rather because they want to eliminate liability.

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