Coinbase New FUD

[Imran232]

Coinbase now facing multiple class-action lawsuits from some of the largest U.S law firms that allege the company offered false & deceptive materials, and committed securities fraud. Fud is now become a common topic in crypto world. Everyday comes a new fud. Now its soo much frustrating some days ago binance Malaysia ban and this type of news now try to ruin the crypto market bur remember they will be fail at their work.

Now i want to know from you guys is this type of Fud will gain a negative effect in peoples mind about bitcoin? Please share your opinion.


Source: Click here

[mk4]

Fud is now become a common topic in crypto world. Everyday comes a new fud.

Not sure about you, but the Bitcoin and cryptocurrency space has always been filled with FUD ever since I became interested in this industry(2016). As for this one, most likely a nothing burger as it seems to be a target towards Coinbase(the company) rather than Bitcoin. It's not like U.S. people are not going to have any exchange alternative if it's the case that Coinbase shuts down(which is very unlikely in itself).

[Yogee]

It may be an attempt to extort money from Coinbase but I wouldn't dismiss this as mere FUD. It's as real as it gets unless those who filed are fake people or doesn't have substantial evidence to pursue the case. Those bans on Binance issued by local authorities in UK and Malaysia aren't FUDs either.

[Beparanf]

Coinbase now facing multiple class-action lawsuits from some of the largest U.S law firms that allege the company offered false & deceptive materials, and committed securities fraud. Fud is now become a common topic in crypto world. Everyday comes a new fud. Now its soo much frustrating some days ago binance Malaysia ban and this type of news now try to ruin the crypto market bur remember they will be fail at their work.

Now i want to know from you guys is this type of Fud will gain a negative effect in peoples mind about bitcoin? Please share your opinion.


Source: Click here

Well this not new since many people really loss money on cryptocurrency and there last resort is filling a lawsuit against the easy target operator. But I wonder how this case will gonna develop considering there's a T&C for all coin base participants indicating all the risk involve in using and investing on crypto. If this kind of case will gonna succeed then crypto business in US will gonna be affected badly and might force them to close because they might be the next target for easy money.

[BitMaxz]

It's just a telegram link I can't find this on other news blogs and even on cryptopanic.com so this is false news about Coinbase.
The big reason why they want to FUD it's because they want Bitcoin to drop in price so that they can buy bitcoin at a cheaper price. Since the movement price of Bitcoin is different from the old cycle of every block halving we don't know if this is the dip price. That's is why they make some FUD out there and make it trending to push the price down to get an advantage and buy at cheap price.

[royalfestus]

It's just a telegram link I can't find this on other news blogs and even on cryptopanic.com so this is false news about Coinbase.

You can also find it here https://coingeek.com/coinbase-faces-a-class-action-lawsuit/  but I know the veracity of the information ATM

Not sure about you, but the Bitcoin and cryptocurrency space has always been filled with FUD ever since I became interested in this industry(2016). As for this one, most likely a nothing burger as it seems to be a target towards Coinbase(the company) rather than Bitcoin. It's not like U.S. people are not going to have any exchange alternative if it's the case that Coinbase shuts down(which is very unlikely in itself).

The exchange may not shut down but their usual settling out of court is very expensive, I believe they are culprit to most of the offenses. More so , they are responsible for the struggling of exchanges coming out of USA even Binance

[MinoRaiola]

These negative messages are like annoying google reviews = every second one is written out of envy. I don't want to write about the negative news, but to note something positive.

Coinbase is the first company ever to receive permission from BaFin for crypto custody business in Germany. Since Coinbase was listed on the Nasdaq exchange, it has become popular and at best easier to grab by the authorities. Coinbase is leading the way for other providers. In Germany, you can buy bitcoin on Coinbase for long time, but now there is an official approval from the BaFin.

"The granting of the licenses is the culmination of months of hard work by the Coinbase team, in close cooperation with BaFin," says Sascha Rangoonwala, Country Manager for Coinbase in Germany.

[bL4nkcode]

This is more like negative news for coinbase, well, it's their own move to do that, and it doesn't and will not affect bitcoin price now and in the future.
Probably will have a huge effect to their stocks but not bitcoin.

[dothebeats]

This will only affect Coinbase and not much on bitcoin. They have been receiving lots of these types of request and cases in the past and so far nothing has been successful into bringing them down. Well, if this new lawsuit gains traction and actually attracted lots of backers and testimonials against the scammy behavior of Coinbase, it will not be the end of the world. Bitcoin will still function perfectly well and would not really harm the network in any way, though some effects on the market can be felt that's for sure.

[n0ne]

This is more like negative news for coinbase, well, it's their own move to do that, and it doesn't and will not affect bitcoin price now and in the future.
Probably will have a huge effect to their stocks but not bitcoin.

Quite often coinbase encounters some issues compared to other crypto service providers. We don't know the level of truth, but we can see more news associated with coinbase often. As said in the quote it can be a self made one or it can be an ongoing issue faced by the coinbase firm. For this reason they're going to be affected and not the bitcoin. It was in the past, such news to create panic and affect the market.

[Hydrogen]

It is possible coinbase has had one class action lawsuit or another filed against it since its founding.

Coinbase Hit by Lawsuit Over Alleged Insider Trading

Mar 5, 2018

According to a court document dated last Thursday, the case has been brought by Jeffery Berk, representing a group of investors that placed trading orders on Coinbase or its order book trading platform GDAX from Dec. 19–21, 2017.

Based on the complaint, the case takes aim at Coinbase’s launch of bitcoin cash (BCH) trading in the same month, with the plaintiffs accusing the company of tipping off insiders ahead of the formal launch. As such, the group accuses the firm of negligence, and is seeking damages, the amount of which will be decided at trial.

As previously reported, San Francisco-based Coinbase first announced in August that it would support bitcoin cash – a new crypto asset that was forked from the bitcoin blockchain in November. At the time, the exchange said the new service would go live by Jan. 1, after which investors would be able to withdraw bitcoin cash.

When Coinbase launched BCH trading on Dec. 20, BCH prices spiked just prior to the announcement and accusations soon appeared on social media suggesting that employees of the firm might have tipped off others in advance. The company responded to the claims by announcing it would conduct an investigation into whether any staff members may have violated its insider trading rules.

https://www.coindesk.com/coinbase-hit-lawsuit-alleged-insider-trading

....


The above seemed like a damning case against coinbase from 2017 where the value of bitcoin cash began to climb on exchanges, even before coinbase had officially released the announcement of listing it.

There was another class action lawsuit filed against coinbase, that I remember from years ago. Coinbase accepted orders and money from clients trying to buy crypto. Weeks, or in some cases months passed, without clients receiving the crypto they paid for. That was another class action lawsuit filed against coinbase years ago. I would post a link. Unfortunately search engines are mostly listing the most recent class action lawsuit filed against coinbase. It doesn't seem like I will have an easy chance finding a source for it.

Long story short, there have been so many lawsuits filed against corporations like coinbase its hard to keep track of them all.

[Oceat]

New fud yet the market doesn't care with this one and it seems that it's not really connected to Bitcoin after all, but if the News says coinbase has been hacked then that would probably make the market to start dumping. I don't know about this News why there's a lawsuit against them it seems that they have some unfinished business in the past that just now showed up.

Anyway, let's just move on but if you are using this exchange you might want to do something about your funds inside just in case. We never know if the exchange would continue to operate if one of their lawsuit pinned them down that might cripple Coinbase itself.

[Ziskinberg]

We found out that spreading FUDs is a winning game for those who want to manipulate the market before but for now, people are already aware and simply they just ignore it. They will just fail.

But anyways, it seems not to worry about if the lawsuit is true or it was just a FUD, a lot of fake news around, honestly. I'd never use Coinbase exchange since before and I never keep my cryptos to any exchanges, so I'm still safe.

[just_Alice]

Seems like false news to me. Not many sources are talking about it, though maybe it’s too fresh and in days we’ll see this information in more media. But I wouldn’t believe it for now.

Besides, wasn’t there news about a class action lawsuit against Coinbase just recently? Here, from Doge trader: https://cryptobriefing.com/coinbase-sued-for-over-deceptive-dogecoin-campaign/

At least that article has the link to the real document so that one, I believe, is true. This one looks more like an attempt to advertise someone’s firm on a false hype.

[dansus021]

new day new fud, bad news to bitcoin it already exist from beggining of this coin was created but targeting coinbase i thing the lawsit will fail like the xrp or the usdt

We found out that spreading FUDs is a winning game for those who want to manipulate the market before but for now, people are already aware and simply they just ignore it. They will just fail.

But anyways, it seems not to worry about if the lawsuit is true or it was just a FUD, a lot of fake news around, honestly. I'd never use Coinbase exchange since before and I never keep my cryptos to any exchanges, so I'm still safe.

yep people like us usually not care, but all new people out there need to be learned from the pas fud  so they can ignore it

[Wexnident]

There's been a few articles about it but most of it was last announced in the last week or so, No news yet if the case actually got through or not. Definitely looks fake, but the few news portal sites reporting about it make it unlikely tbh. It's basically Coinbase being an ass of a company and not doing their job properly, I hardly think this is a FUD for the crypto scene. Coinbase closing down doesn't seem like it would, nor should, affect the market.

[dimonstration]

Coinbase closing down doesn't seem like it would, nor should, affect the market.

Seriously? Coinbase is the highest volume exchange on US and so far the most trust trusted Centralized wallet & exchange out there. Closing Coinbase means losing lots of volume on crypto market and this will create a FUD that will strongly affect the current market especially right now that Bitcoin is still trying to find the clear trend. One major FUD will gonna rekt the momentum right now.

[pooya87]

Now i want to know from you guys is this type of Fud ~

You are confusing negative news with FUD, not everything negative is FUD.
In simple terms FUD is the lies or false news that is being spread to cause Fear, Uncertainty and Doubt among bitcoin owners to fool them into making a bad decision and sell their bitcoins to the market manipulators.
Assuming this news is not a lie, it is simply a negative news and not a big one at that.

[leea-1334]

It's only breaking because they paid media to publish this,,, I bet you every exchange before has had many multiple class action lawsuits against them from various places. But most are badly done they get thrown away or not even the media attention:)

This could be interesting but I always feel investors with losses on trading have no say.

[davis196]

Now i want to know from you guys is this type of Fud will gain a negative effect in peoples mind about bitcoin? Please share your opinion.

This FUD is pointed towards Coinbase,not towards Bitcoin.The fact that some crypto company has problems and/or committed some kind of fraud doesn't mean that Bitcoin is a scam,fraud,ponzi scheme,bla bla...
The people aren't that stupid and they can distinguish a company from a cryptocurrency.
Every big company is dealing with lots of lawsuits.How many lawsuits do companies like Apple,Amazon and Microsoft have?I'm sure that the number is quite big.Can you mention a lawsuit,which had negative impact over the stock prices of those corporations?

Fud is now become a common topic in crypto world.

FUD exists since day 1 of the crypto world.Don't you know this?Are you some kind of crypto newbie?