Coinbase Manager Pleads Guilty to Insider Trading on Tokens

Coinbase Manager Pleads Guilty to Insider Trading on Tokens

From bnnbloomberg.ca

A former Coinbase Global Inc. manager admitted participating in a scheme to trade on confidential information about when the exchange was going to list new tokens. Ishan Wahi pleaded guilty to two counts of conspiracy to commit wire fraud Tuesday before US District Judge Loretta Preska. His plea came just a little less than a month after his brother, Nikhil Wahi, was sentenced to 10 months in prison for trading on tips given to him by his sibling. “I’m very sorry for what I did and I deeply apologize,” Ishan Wahi said in court Tuesday. Prosecutors agreed to federal guidelines that call for him to serve 36 to 47 ... (full story)

- Older Stories
Bitcoin Favored Over Ether by CME Traders So Far This Year, Arcane Research Report Shows
From coindesk.com|Feb 7, 2023
Institutional traders are prioritizing bitcoin over ether exposure so far in 2023, according to a report from digital asset analysis firm Arcane Research. Open interest in bitcoin ...
Should Dogecoin buyers wait for a breakout past this psychological level before bidding?
From ambcrypto.com|Feb 7, 2023
Bitcoin [BTC] continued to trade beneath the $23k mark. While it hasn’t retested the $22.3k support zone, it hasn’t broken above $24.2k either. This phase of consolidation has ...
US financial regulators warn against crypto exposure in retirement accounts
From cointelegraph.com|Feb 7, 2023
Three financial watchdogs in the United States have issued a warning to investors considering certain individual retirement accounts with exposure to cryptocurrencies. In a Feb. 7 ...

- Newer Stories
ConsenSys Backs Lawsuit Against IRS Over Taxing Staked Crypto
From decrypt.co|Feb 7, 2023
Crypto software giant ConsenSys will financially support an ongoing lawsuit challenging the IRS’ ability to tax staking rewards, the company announced Tuesday. In 2021, Joshua and ...
Cutting Costs and Joining Forces, Bitcoin Miners Hoping for Rebound
From blockworks.co|Feb 7, 2023
After a rocky 2022, bitcoin miners could be in for a lucrative year, at least if past market cycle patterns repeat. The largest cryptocurrency posted a 64% loss last year, coupled ...
President Biden's State of the Union Address
From youtube.com/whitehouse|Feb 7, 2023
On February 7, President Biden will speak directly to the American people about the historic progress we've made, the work that lies ahead, and his optimism for the future.

Related Stories