CoinMarketCap.com Drops South Korean Exchanges and Causes Sell-off
CoinMarketCap dropped three South Korean exchanges from its site data on Jan 7th. This brought the price of all coins down on their platform and it caused a sell-off.
Altcoins Dip as Bitcoin Breaks $16k Again
Many altcoins came down from all time highs between Jan 3rd and 5th as Bitcoin made its way from the $14k to $16k zone. This helps us see some historic patterns. NOTE: A historic pattern doesn’t have to occur again, the past can tell us what to look for in the future, but no one… Read More
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.
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).
Bitcoin’s Stagnation Gave Way to an Altcoin Boom
In general, when Bitcoin stagnates it gives altcoins a chance to run. The Bitcoin stagnation that started in December 2017 set the stage for an altcoin boom like few before it.
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 is Struggling; But Those Who Sell Risk Missing the Forks
Bitcoin has struggled to stay in the $14k range after hitting a high of $20k. Logic might say sell and wait, but those who sell could miss a number of forks.