2 links tagged with all of: coinbase + cryptocurrency + market-manipulation
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Coinbase CEO Brian Armstrong mentioned popular crypto terms during an earnings call to pay off bets on prediction markets. This move sparked criticism for potentially manipulating those markets, with industry experts questioning the ethics of such actions. Armstrong later claimed it was a spontaneous decision.
Coinbase announced it will suspend trading of the Movement (MOVE) cryptocurrency on or around May 15, leading to a 20% drop in MOVE's price. The token has faced controversy following a significant token dump and subsequent investigations by exchanges regarding market maker misconduct.