Bitcoin Watch – Coinbase faces federal class action lawsuits

Coinbase, one of the world’s top cryptocurrency exchanges, has been slapped with not one but two federal class action lawsuits, which claim it engaged in insider trading during its launch of Bitcoin Cash (BCH) in 2017. The suits have alleged Bitcoin advised many of its employees when BCH trading would be opening ultimately resulting in a flood of trading activity which increased the price of BCH by almost 200%. One of the suits argued that Bitcoin employees inflated the price of BCH illegally which put Coinbase consumers at a disadvantage.

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