Huobi Global Will Freeze US Accounts on Nov 13
Huobi Global is following most major non-US exchanges in banning US customers. US accounts will be frozen Nov 13.
News
Cryptocurrency news from around the world and beyond. We cover what happening with cryptocurrency today. We cover things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new projects, upcoming forks, etc.
Stellar Foundation Burns Over 50% of Total XLM Supply
The Stellar Development Foundation, the foundation behind XLM, burned 55 billion XLM (over 50% of the total supply).
Grayscale Digital Large Cap Fund (GDLCF) To Trade OTC
The Grayscale Digital Large Cap Fund (GDLCF) will begin trading soon according to a recent announcement and FINRA approval.
Many Libra Founding Members Leave After Letter From Congress
A number of founding Libra members have dropped out following a letter from Congress.
CFTC says ETH is a Commodity, and ETH Futures are Coming Soon
CFTC Chairman Heath Tarbert stated that he believes Ether (ETH), better known as Ethereum, is a commodity. He also thinks that ETH futures will come soon.
Bitwise ETF Rejected in 122 Page Order
The SEC rejected the Bitwise ETF. This is par for course. However, they also took the opportunity to write a 122 order on the matter.
IRS Releases Tax Guidance on Cryptocurrency Forks and Airdrops
The IRS has released new tax guidance on cryptocurrency. Rev. Rul. 2019-24 covers forks and airdrops. The gist is both count as gross income when you claim or receive them.
SC To Get Listed on Kraken After SEC Lawsuit Implies SC Not a Security
Kraken will list Siacoin (SC). This news follows an SC lawsuit which Siacoin settled and which implied SC was not a security.
Siacoin Settles with the SEC over 2014 ICO
Siacoin has settled with the SEC over their 2014 ICO. Like with Block.One and EOS, the fine paid seems to be a comment on fundraising practices, and not on the current SC token or cryptocurrencies as securities.
SEC Fines EOS’s Block.One $24 Million
Block.one has agreed to pay a $24 million dollar fine to the SEC for its EOS ICO.