Business News Roundup, Dec. 21
Cryptocurrency
Coinbase deals
with allegations
Coinbase is investigating allegations of insider trading on its cryptocurrency exchange in the hours before the company announced it would enable purchases of the bitcoin spinoff known as bitcoin cash.
Bitcoin cash surged in the hours before the San Francisco company’s announcement, while bitcoin prices tumbled the most in two months.
“It appears the price of bitcoin cash on other exchanges increased in the hours before our announcement,” Brian Armstrong, chief executive at Coinbase, said in a blog post.