There have been rumors circulating that Coinbase is issuing Bitcoin IOUs to BlackRock, allowing the financial firm to manipulate the market. This has raised concerns about potential price manipulation. However, Coinbase CEO Brian Armstrong has denied all wrongdoing and stated that all transactions are audited and transparent. Blockchain researchers have also found no evidence to support these claims. The transparency initiatives launched by Coinbase to build trust in their transactions support the view that the rumors are false. Some believe that institutional investors like BlackRock have helped to stabilize the Bitcoin market, while others remain concerned about their impact on price.



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