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CoinGape

Coinbase Refutes BlackRock IOU Rumors, Experts & CEO Armstrong Weigh In

CoinGape
Summary
Nutrition label

61% Informative

Analyst Tyler Durden , a well-known critic over the weekend accused Coinbase of allowing the company managing the largest spot bitcoin ETF, BlackRock , to borrow the cryptocurrency without posting any collateral.

Durden went on to say that would be an easy case of market manipulation and also lead to profits from price fluctuations.

The accusations followed a post from Tron founder Justin Sun , in which he criticized Coinbase ’s new wrapped bitcoin product, cbBTC, as lacking any Proof of Reserves or audits.

Bloomberg ETF analyst James Seyffart called them baseless rumors and conspiracy theories.

VR Score

37

Informative language

23

Neutral language

33

Article tone

formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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