Insidered trading?
Not really sure how to react to this, let alone if they find out that it is true, what effect this will take on coinbase.com let alone bitcoin cash value. Could be very interesting to see what comes from it if they do follow through with an investigation.
This also could just be some news companies trying to get a good story out of this and hurt bitcoin cash and coinbase.com to make people give up on the cyrptocurrency that is expanding ever so rapidly. Like a previous article I posted said, a bunch of "experts" and newspapers and reports tried to say bitcoin is going to pop in the upcomming months, and came to a group consensus that since ignoring bitcoin wasn't working, they are trying to say its just a fad, now saying insider trading is going on could be another tactic they are trying to hurt it.
https://www.theverge.com/2017/12/20/16800940/coinbase-bitcoin-cash-fork-insider-trading-probe
@b85scottish couldn't agree more - if this does turn out to be true MASSIVE negative crypto PR on the way - gotta love the 24 hr news cycle. I'm expecting this investigation to be a big story through new years especially since media is slow right now otherwise...well, besides Tax Reform.
It will be just what it is: a case of possible insider trading. Crypto has nothing special to do with this. And I expect Coinbase to sort this out to the bottom. They have too much to lose here to let this slip by.
It's not directly related to crypto itself. But it will have an impacted on the market indirectly