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.
Crypto search trends are finally trending up again after a “search term correction” started in the winter as crypto prices started to drop. Although its too early to say for sure, this is potentially a very bullish sign when considered alongside the price and volume data.
Cash App customers can now buy and sell Bitcoin in New York. Square has been getting into the crypto space allowing Cash App users in most states access to Bitcoin, but New York was excluded from that list until now.
The SEC’s Bill Hinman officially announced that Bitcoin and Ethereum are not securities. That hints that Ripple and other top coins like TRON and NEO may not be securities either. However, Hinman noted that many ICOs are securities.
Coinbase (and Coinbase Pro / GDAX) added support for Ethereum Classic (ETC). This doesn’t mean ETC will start trading right away, it means they plan on implementing ETC trading in the coming months.
A somewhat obscure crypto exchange called Coinrail was hacked Sunday. The Media generally reported that this caused the $1k drop in Bitcoin this weekend… but many in the crypto community beg to differ.
As we have essentially known for sometime, ICOs are almost certainly going to be treated as securities by the SEC. This means about 1/2 of the top coins are likely to be considered securities by the SEC.
Coinbase is on track to operate as a regulated broker-dealer, meaning they are acquiring the proper licenses and waiting approval by federal authorities.
The SEC has appointed their first “Crypto Czar” (a Cryptocurrency specialist who will coordinate efforts across all SEC Divisions and Offices regarding the application of U.S. securities laws to ICOs, cryptocurrencies, and digital assets in general.
Bittrex will start to allow US Dollar trading AKA fiat trading for corporate customers and plans to expand these services over time to include all qualified customers.
Coinbase has launched Coinbase Pro. Coinbase Pro replaces GDAX. It is effectively the same as GDAX with a few improvements to the user interface.
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