Be Careful With Crypto in the Short Term
2018 has real potential to be a big year for Cryptocurrency. However in the short term the markets are volatile and tricky to navigate. Here is some basic insight.
How Coinbase Approaches Forks and Airdrops
Coinbase has stated how they will treat forks and airdrops for Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Essentially, they will support stable quality forks and airdrops that meet their criteria.
Coinbase / GDAX Adding ERC20 Support (Does this Mean New Coins?)
Coinbase / GDAX announced that they will be adding support for ERC20 tokens (a common token type of the Ethereum Network). They haven’t announced specific coins, but they are eluding to it.
IRS Reminds Taxpayers to Report Virtual Currency Transactions
The IRS has put out a reminder on tax responsibilities for cryptocurrency. In summary, you have to report transactions and pay taxes on selling, trading, or using cryptocurrency.
The Mood of the Bitcoin Market Has Changed
The mood of the Bitcoin market changed since falling from $11.6k. Mood changes are common in crypto, and thus understanding them is important.
The Fight For $9k
There is a battle of bears vs. bulls in crypto land this weekend, and the prize is $9k. Bulls want to charge past it; the bears do not. It is TENSE!
Crypto Has Been Rather Volatile Lately, Which is Saying a lot
Cryptocurrency has been a little bit more volatile than usual lately, big upward and downward price movements are coming quickly and with little warning. That isn’t good or bad, it just is.
Binance Released a Mac Version of Their Desktop App
Binance, a popular exchange, has release a Mac version of their desktop app after only having a PC version up until this point.
Minor FUD and Minor Pullback For Crypto After a Few Days of Recovery
After a pretty epic crypto run, Bitcoin pulled back a bit at $9.1k and took other cryptos with it. This was magnified by some news which spread Fear, Uncertainty, and Doubt. Otherwise, there is some good news.
The Loopring (LRC) Airdrops Explained
Loopring is doing some airdrops for LRC holders starting in May. The details are complex (as frankly Loopring is complex), but the gist is LRC holders will get the LRx cross-chain token. LRx is also available for purchase via a pre-sale.