The Block Reports “Binance’s Shanghai Office is Shut Down in Raid”
The Block has reported that sources tell it Binance’s Shanghai office has been shut down following a police raid.
News
CryptoCurrency News from around the World and beyond. This section focuses on what is happening with cryptocurrency now. So that is things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new ICOs, upcoming forks, etc.
CME Options Are Coming
CME Group announced options on its Bitcoin futures contracts will be available for trading starting Jan. 13, 2020, pending regulatory review.
Coinbase Now Offers Tezos (XTZ) Staking
Coinbase now offers Tezos (XTZ) staking. That means you can now earn XTZ by keeping your XTZ on Coinbase!
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.
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.