The occasion was the news Armstrong received from Stacks blockchain company co-founder Muneeb Ali.
A business colleague reported that his personal bank account at Bank of America, which Ali had used for more than 15 years, had been blocked without any explanation from the clerks. Muniba Ali suggested that transactions related to Coinbase could have been the reason for the blocking of the scholar’s record.
As of Thursday, July 12, more than 10,000 Twitter users had given their responses to Armstrong, with about 9% of them confirming the exchange chief’s assumption and 19% giving a negative response.
Against the backdrop of a report
of a possible merger between Coinbase and the Chicago Mercantile Exchange management company ARK Invest sold $12 million worth of shares of the largest U.S. cryptocurrency exchange.