Merrill Lynch Bans Clients From Trading GBTC and Bitcoin Futures
Merrill Lynch has banned clients from trading the Bitcoin Investment Trust (GBTC) and Bitcoin futures due to concerns about these Bitcoin related investments.
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.
ETH Breaks $1k As Casper Testnet Launches
ETH broke $1k on some exchanges, in part due to news about an update called “Casper” which will move ETH from Proof of Work (PoW) to Proof of Stake (PoS).
South Korea Enacts Sensible Cryptocurrency Regulations
Cryptocurrency is a big deal in South Korea, they are a major force in the market. For this and other reasons South Korea has enacted some sensible regulations on crypto trading.
Bittrex Not Accepting New Users Temporarily
Bittrex hasn’t been accepting new users since December 15, 2017. They are currently upgrading their systems to meet the increased demand for crypto.
Ripple Becomes the #2 Crypto By Market Cap
Ripple surpassed Ether to become the #2 cryptocurrency by market cap in the last week of December reaching a market cap of more than $90 billion.
The Tax Rules for Crypto in the U.S. Simplified
To summarize the tax rules for cryptocurrency in the United States, cryptocurrency is an investment property and you owe taxes when you sell, trade, or use it.
Bitcoin Private Fork (Zclassic + Bitcoin Fork)
Zclassic (ZCL) plans to fork Bitcoin (BTC) to create Bitcoin Private (BTCP). Holders of both Zclassic and Bitcoin will qualify for the Bitcoin Private fork. The snapshot date is February 28th, 2018.
John McAfee’s Twitter Hacked Leading to Fake “Coin of the Day” Tweets
John McAfee’s Twitter was hacked (somewhat ironically). The result was that some fake “coin of the day” Tweets that were quickly deleted.
20 McAfee Coins – John McAfee’s Cryptocurrency Picks
John McAfee was touting a cryptocurrency every day for 20 days, he switched to Tweeting about a coin a week. We list all his picks here.
Hello Correction; Crypto Went on Sale in Time for the Holidays
Sometimes the cryptocurrency market corrects by 25% or more. Dec. 21 – 22, was one such time. From a positive frame, crypto just went on sale for the Holidays.