In the 'Summary In short', we look into the latest and most important events going on around the crypto space. Here you will find the daily dose regarding what's going on in the crypto space. So without any delay let's get into it!
Insider Trading | Ex-Coinbase Manager Charged
As we all know Coinbase is one of the premium cryptocurrency exchanges in the world and is very widely used. And you might have also heard about the terminology "Coinbase Effect", it is referred to whenever a new token or coin gets listed on Coinbase it is almost sure it will surge in no time because of the amount of exposure it gets after listing on Coinbase, even news or an announcement would play enough role. And now suppose somehow you knew these details about which coin is going to be listed before it gets into the public domain, imagine how much leverage you have against the other traders.
But whatever leverage I have mentioned earlier falls under insider trading, which means using confidential information for trading. And almost everywhere in the world insider is illegal. This is the same thing the Ex-Product manager at Coinbase has been charged with and has been arrested in the morning. The US Attorney's Office has charged three individuals Ishan Wahi, Nikhil Wahi & Sameer Ramani with the charges. Those individuals have used confidential information about the upcoming listing tokens for insider trading and it is estimated they have made around $1.5 Million through these types of illegal trades.
An official announcement from US Attorney's Office: Insider Trading Charges | US Attorney's Office
Crypto.com Integrated Google Pay
Crypto.com is one of the oldest and most popular crypto projects in the crypto space. It has various products through which they provide services like an exchange, staking, discount buying, crypto credit cards, and many more. It also gets limelight in the media outlets for its aggressive integrations with celebrities, athletes, and sports organizations.
This time crypto.com is in the limelight for the integration of Google Pay in their app for Android app. Crypto.com already has a huge userbase and Google Pay is the world's most widely used e-transaction gateway created by Google. And now the integration of these two entities will surely fuel cryptocurrency adoption by making it easier for everyday users to purchase crypto through the Crypto.com app using Google Pay. According to the announcement made by Crypto.com, users first need to add their credit or debit cards to Google Pay and then can purchase crypto through it.
These are the two most highlighted news of the day. If you like to read these types of important cryptocurrency-related news in short then do follow me and share your feedback, and opinion in the comment section. And if you think there is important news that should be on the post then do comment.
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