ResearchCoin (RSC), a token associated with the scientific publishing platform ResearchHub, increased by 15% following the announcement of its listing on Coinbase.
Price Surge After Announcement
The token RSC jumped from $0.67 to a high of $0.77 following Coinbase's announcement on Wednesday evening. Currently, RSC is up nearly 100% since it was added to Coinbase’s listing roadmap on July 25 and is trading around $0.76 on Thursday morning.
Link Between ResearchHub and Coinbase
ResearchHub was co-founded in 2019 by Coinbase CEO Brian Armstrong and scientist Patrick Joyce. The platform rewards users with RSC for sharing and reviewing academic content.
Debate Over Conflicts of Interest
The listing raised concerns regarding Armstrong's dual roles. Coinbase clarified that RSC is not affiliated with the company and that Armstrong is not part of the Digital Asset Support Group. He indicated that RSC's price might be volatile due to limited supply.
The listing of ResearchCoin (RSC) on Coinbase not only triggered a price increase but also sparked discussions about conflicts of interest and the asset approval processes on crypto exchanges.
