Nikhil Wahi and Ramani then allegedly used ethereum blockchain wallets to acquire the assets and traded at least 14 times before Coinbase announcements in June 2021 and April 2022. Those announcements typically caused the assets to rise in value and generated at least $1.5 million in gains, prosecutors said.
Is the Coinbase effect taking hold on Shib?
Investors banking on the Coinbase effect taking hold have been dismayed, voting with their wallets. However, today SHIB has seen strong gains of around 6% on a relatively green day in the crypto world. This move appears to be more than a sympathy rally along with the sector.
Is Shiba Inu (Shib-USD) listed on Coinbase?
In mid-June, it was announced that Shiba Inu (CCC: SHIB-USD) would be listed on Coinbase’s (NASDAQ: COIN) Coinbase Pro platform. However, since then, a number of challenges have made this difficult.
