Coinbase Consider Buying Earn. com

Largest US cryptocurrency platform can be on the verge of its biggest purchase
23 March 2018   1732

The largest US cryptocurrency platform Coinbase, which has already attracted venture investments worth more than $ 225 million, is in talks to acquire the Earn .com start-up, CoinDesk reports.

Earn .com appeared as a result of the rebranding of the startup 21 Inc and the launch of the same paid platform for messaging. According to one source, the minimum deal discussed is about $ 30 million. So, since its foundation in 2013, Earn.com has raised more than $ 120 million in investments in several rounds.

However, it is noted that negotiations on the potential sale of Earn.com are currently conducted immediately with several parties. One of the interlocutors of the publication also added that all applicants are "very famous" in the industry.

Earlier, Coinbase received a license to provide services in the UK and Europe and announced its intention to launch the index fund Coinbase Index Fund, which will allow US-accredited investors to work with all current and future assets in the listing of the GDAX exchange.

Coinbase to Appear in San Francisco District Court

Exchange representatives must appear in court due to issues related to BCH trading launch in 2017
07 August 2019   134

San Francisco District Court judge Vince Chhabria ruled that the latter showed negligence and “clear incompetence generated by haste” when it started trading in Bitcoin Cash (BCH) on Coinbase. Now Coinbase, apparently, will be forced to stand trial, Bloomberg reports.

So, at the end of 2017, the exchange opened BCH trading, but was forced to suspend operations after 2 minutes due to high volatility and suspicious price increases - the coin began to grow rapidly several hours before the announcement of Coinbase.

Then the company was accused of insider trading, later crypto enthusiasts even began to find confirmation of this.

According to the judge, the users who bought VSN at inflated prices were primarily affected. He noted that the suspension of trading was too hasty and disrupted the normal functioning of the market.

BCH buyers claim that Coinbase could have announced a bid in advance to prevent a price spike, but it did not. The judge agreed with this opinion and noted that shortly before the launch of BCH trading on Coinbase, the Chicago Mercantile Exchange opened trading in bitcoin futures, which could become a factor of too much market participants' recovery.

According to the publication, Coinbase has not yet commented on the court decision.

Recall that in March 2018, a class action lawsuit was filed against the company, in which Coinbase was accused of “artificially overpricing” Bitcoin Cash through trading based on insider data.