CBX Newsletter // 06 March 2019

Bitcoin price at key support

#DeleteCoinbase

DogeCoin is Live on CBX

Image from CBX

Bitcoin price at key support

Bitcoin (BTC) has been trading on a tight range for more than a week, holding support at £3,700 after testing and rejecting the $4,200 resistance. If the BTC can’t hold support at those levels it will most likely test the recent lows from this year; the next level the market should be looking at is $3,500 and then $3,170.

For now, there is no clear trend, and the Crypto market is still following the steps of Bitcoin. The Market cap for all cryptocurrencies is at $127 billion and BTC dominance is still around 52%.

Bitcoin is trading at $3,720 on CBX at the time of writing.

Image from Twitter

#DeleteCoinbase

Cryptocurrency traders have been using the hashtag #DeleteCoinbase to protest against a controversial acquisition made by Coinbase.

Coinbase acquired Neutrino which is a company that provides solutions for monitoring, analyzing, and tracking multiple blockchains. The company also sold espionage software to governments known for human right abuses.

According to the Washington Post, the team that worked at Neutrino collaborated with the Saudi Arabian government and it’s believed that they helped the group that allegedly murdered dissident journalist Jamal Khashoggi.

Image from Twitter

This is why many users decided to terminate their relationship with Coinbase prompting the use of social networks to express their concerns and raise awareness about the situation. However, Coinbase didn’t lose any time following the criticism and decided to let go most of their staff associated with the Neutrino scandal.

Brian Armstrong, Coinbase CEO said: “We had a gap in our diligence process. While we looked hard at the technology and security of the Neutrino product, we did not properly evaluate everything from the perspective of our mission and values as a crypto company.”

What do you think? Will you delete your trading account if a company acts in a dishonest way?

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