Coinbase halts Bitcoin Cash transactions

Coinbase has launched an enclosed probe to spot whether or not its workers engaged in trading of Bitcoin money shortly before the cryptocurrency was formally introduced to the exchange yesterday. inflated commerce LED to a spike in Bitcoin Cash’s valuation, and simply four hours when its introduction, Coinbase suspended commerce of the digital currency.

Coinbase’s ethics policy prevents workers from “trading on ‘material personal info,’ like once a brand new quality is going to be supplemental to our platform,” wrote Coinbase CEO Brian Armstrong in an exceedingly Medium post these days. that has shared that info with friends and family. within the hours before Coinbase supplemental Bitcoin money to its exchange, the worth of the cryptocurrency had already begun to rise. the worth of one Bitcoin money coin soared past $8,000, or quite double its worth every day earlier.