Due to the unique position of Coinbase as a leader in cryptocurrency trade, there has been outcry over whether insider trading has occurred leading up to the introduction of Bitcoin Cash.
At about the same time as Bitcoin's plunge, the price of Bitcoin Cash surged above $3,000 for the first time shortly after 9 a.m.
Compounding the day of bad news in the crypto world, a South Korean exchange on Tuesday said it was shutting down and filing for bankruptcy after being hacked for the second time this year, highlighting concerns about security as trade in bitcoin and other virtual currencies boom.
Armstrong said he "will not hesitate" to fire any employee found to have violated Coinbase policies, which bar them from trading on material non-public information - such as when an asset will be added to the platform.
While it's unclear whether any Coinbase or GDAX employees actually acted on this information, the company explained via Twitter, "Coinbase maintains a strict trading policy and internal guidelines for employees".
Bitcoin Cash is the creation from a fork in the Bitcoin blockchain that took place on August 1, 2017. The second coin has been implemented to better handle some of the shortcomings of Bitcoin such as ever-growing transaction fees and confirmation times.
However the core Bitcoin developers disagreed with the proposed changes, so a group made a decision to copy and modify Bitcoin's code to create Bitcoin cash.
San Francisco-based bitcoin exchange Coinbase said on Tuesday it would allow customers to buy, sell, send and receive Bitcoin Cash, a clone of the original cryptocurrency.
Knowing when Coinbase would begin trading in Bitcoin Cash, which was expected to spike in value, would give a trader an advantage. Bitcoin Cash is now the third largest cryptocurrency in terms of market capitalization, sitting at more than $29 billion compared to bitcoin's more than $294 billion. According to cryptocurrency tracker Coinmarketcap, at roughly 01:55 GMT, the Bitcoin price hit a record level of $3,813.70.
Users who had Bitcoin in Coinbase at the moment of the fork will now see their Bitcoin Cash in their Coinbaseaccount.
Defense Minister Avigdor Liberman hailed the IDF as the "most humane army that exhibits moral values that do not exist elsewhere". It is known among pro-Palestinian activists for the weekly march, since 2010, against the Israeli confiscation of village lands.
Singer and pioneer of mid-20th-century music Sister Rosetta Tharpe will also be given the Early Influence Award. Musical artists become eligible for induction when 25 years have elapsed since their first release.
Light snow (with potential large impact due to sub-freezing road temperatures) is POSSIBLE between 1pm and 5pm Friday afternoon. The Centre Region could see its first measurable snowfall of the winter Wednesday night into Thursday morning.
Boise's drive started at the OR 32-yard line after Jabril Frazier recovered a fumble by Tony Brooks-James. OR did get itself back into the game, thanks to some help from the defensive side of the ball.
Sales of the hybrid-console, which lets gamers play on their television or on the road, have been brisk this holiday season. Even Sony, their biggest competitor thinks that Nintendo Switch is not a console that should be overlooked sales-wise.
Police believe strongly that Wright-Robinson and co-conspirator Billy Turner previously tried to kill Wright . After a pause, she responded, "At first, I'm a wife, then I'm a mother, and then thirdly I'm an author".
Results of a postmortem examination will indicate whether the Shermans' deaths will be investigated as a homicide, Hopkinson said. Toronto billionaire and philanthropist Barry Sherman and his wife Honey Sherman have been found dead in their mansion.
Earlier, Al Jazira produced a scintillating performance to give Spanish giants Real Madrid a scare in the second semi-final. Substitutes: Khaled Al Senaani (for Khaseif, 51) 7, Eissa Mohamed (for Khalifa, 60) 6, Ahmed Rabia (for Al Hosani, 72) 6.
Pence was expected to travel to Egypt on Wednesday to meet Egyptian President Abdel Fattah el-Sisi before travelling to Israel. The leader of Egypt's Coptic Church had already cancelled his meeting with Pence to protest the U.S. move.
The event celebrates the recapture of the temple of Jerusalem by a small band of Jewish rebels lead by Judah Maccabee. One candle is lit on the first night, two on the second night, until all eight candles are lit on the eighth night.
Google also integrated the assistant on its Pixel Buds and opened it up to some third-party hardware, like GE appliances. The Assistant on tablets will be rolling out over the coming week to users with the language set to English in the U.S.
Former Brazil Midfielder Kaka Retires from Football
I would like to work at a club as a manager, a sporting director or in a role that combines things on the pitch and the club. I wanted to thank you so much for your football, for our 17 years of friendship and for joining me in Orlando.
Harry interviews Obama for BBC radio
They bonded during this year's Invictus Games , where they watched a bunch of events together and just bro'd on down. Michelle and I are delighted to congratulate Prince Harry and Meghan Markle on their engagement.
Facebook will now let you temporarily mute a friend's posts
Facebook Inc. launched a Snooze feature today that lets users hide annoying friends and pages from their news feed for 30 days. In the last few weeks, two of its former executives voiced their concerns about the company's impact on children's brains.
Happening Tonight: Geminid Meteor Shower
For the best view, look at the eastern sky just after midnight and get away from urban areas to avoid light pollution. Expect to see meteors at a rate of about one per minute, says Bill Cooke of NASA's Meteoroid Environment Office.