Coinbase Insider Trading - I fucking called it
https://techcrunch.com/2017/12/19/coinbase-inside-information-bitcoin-cash-launch/ "Coinbase employees can make a killing (Misc.)" https://us.teamblind.com/s/hOaqY2HB
TechCrunch
its not illegal because the laws dont cover bitcoin like stocks. suck it up.
I would argue that they did nothing wrong (you may be able to argue that it is morally wrong). There are no “insiders” in crypto. There is no head.
Hmm, are we thinking there are downsides to a completely unregulated market dominated by one company?
😂
Exactly. I don’t understand how people don’t get it. If it’s not illegal doesn’t mean it’s right.
Can't wait for people to file complaints with the FTC and then learn they don't care. 😂
What legal action could they take?
Oops
Free market brah
Furthermore as coinbase entered into an agreement with other secured asset organizations I think they are not exempt from insider trading. I wouldn't be surprised if we saw some movement from the ranks regarding this
There is no crime here. Insider trading is not an SEC matter since this is an asset NOT a security. It’s merely an HR issue (for the employees) and a PR issue (for the firm).
The question I ask myself regarding this is, “is this a problem?” Crypto has no insiders. If you plan on doing something that is really going to impact the market positively or negatively, you are free to act on that however you wish.
Wut
Makes sense, it’s not like bitcoin is a company where employees know about the revenue/fundamentals etc and can predict whether the valuation will rise/fall