Hey guys, I am new so be nice 
So yesterday, the co-founder of Bitcoin said that he is selling his BTCs and then maybe moving to bitcoin cash! In less than 24 hours, coinbase add this to its wallet and then price were pumped up by a few small transactions to 8500$!
In a trade world, this is illegal, isn't it?
Shouldn't Bitcoin have some sort of self regulation to prevent people from doing this kinda stuff?
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EDIT-24/12/2017: Here are a few updates, to prevent people from making wrong assumptions from my original post:
1. I meant co-founder of bitcoin.com, and I made it clear a few post later!
2. bitcoin cash reach to 8500$ even 9000$ for 2 hours, in coinbase.com. The reason was inside trading (google it,plz)
https://news.google.com/news/story/dhnUeN81Wdz8iqMSC9oylCpY84TAM?hl=en
3. The whole topics of this discussion was started about the banaza move that basecoin.com and co-founder of bitcoin.com pull off! This move not only made some people lose their money, but also it caused the price of BTC go down by 30 to 50% over a few days!
So yesterday, the co-founder of Bitcoin said that he is selling his BTCs and then maybe moving to bitcoin cash! In less than 24 hours, coinbase add this to its wallet and then price were pumped up by a few small transactions to 8500$!
In a trade world, this is illegal, isn't it?
Shouldn't Bitcoin have some sort of self regulation to prevent people from doing this kinda stuff?
-------------------
EDIT-24/12/2017: Here are a few updates, to prevent people from making wrong assumptions from my original post:
1. I meant co-founder of bitcoin.com, and I made it clear a few post later!
2. bitcoin cash reach to 8500$ even 9000$ for 2 hours, in coinbase.com. The reason was inside trading (google it,plz)
https://news.google.com/news/story/dhnUeN81Wdz8iqMSC9oylCpY84TAM?hl=en
3. The whole topics of this discussion was started about the banaza move that basecoin.com and co-founder of bitcoin.com pull off! This move not only made some people lose their money, but also it caused the price of BTC go down by 30 to 50% over a few days!