The ETCG Premium Hits Low While GBTC Nears 2018 Lows
The ETCG premium is at its lowest point ever, meanwhile the GBTC premium is near its 2018 low (it was lower in February for a day).
Cryptos and Equities Enter Correction Mode
For whatever reason, cryptocurrencies and equities both went into correction mode today after both being on a bit of a bull run the past few weeks.
Is Ethereum Dead?
Ethereum is stuck under $300 at 2017 prices and losing value against Bitcoin and most alts here in early Sept 2018. Thus it begs the question, “is Ethereum Dead?”
Zclassic Twitter Deletes Bearish Statement and Embraces Forks
Zclassic (ZCL) Twitter had an ominous tweet back in April in which it essentially pronounced itself dead, but that Tweet has been removed. Zclassic now seems to support itself and ZCL forks such as Bitcoin Private and Anonymous Bitcoin.
ZCL / BTC Fork Anonymous Bitcoin (ANON) Snapshot is Sept 10th
Zclassic (ZCL) and Bitcoin (BTC) are forking to create Anonymous Bitcoin (ANON). The snapshot block will occur on Sept. 10th. Anyone holding either coin during the snapshot will get 2:1 ANON for each ZCL and 1:! ANON for each BTC they hold.
OPINION: The Wash Sale Rule Should Be Applied to Crypto
In my opinion the wash sale rule for securities should be applied to cryptocurrency trading. This rule would help smaller investors avoid potential traps, and would keep those with more money from exploiting loopholes.
OPINION: If the IRS Has Software For Tallying Crypto Profits and Losses… They Should Share it
The average crypto trader who traded crypto with any frequency is likely to fail at properly reporting their crypto profits and losses because the task of calculating everything is overly complex. For the IRS to fine the trader, they will have to tally their profits and losses. If the IRS has software that does this…. they should share it.
OPINION: Crypto Exchanges Should Have Reporting Requirements
In my opinion cryptocurrency exchanges should have reporting requirements. Tallying profits and losses in crypto trading is too complex for the average taxpayer, exchanges should provide this service.
OPINION: Like-Kind Property Exchange Should Apply to Crypto
In my opinion like-kind property rules for real estate should be applied to cryptocurrency trading. This rule would help smaller investors avoid potential traps, and would still require traders to pay taxes on profits.
Dogecoin Rallies over Dogethereum; but also Doge could be a Canary in the Coal Mine
Dogecoin rallied last week almost touching BTC high from January 2017. No other top crypto has done that yet. This is likely a response to the upcoming Dogethereum. But one has to wonder if it Doge isn’t acting as a canary in an altcoin gold mine.