NEWS
Coinbase Informs 13K Affected Customers Of Imminent Data Handover To IRS
"US-based cryptocurrency exchange and wallet service Coinbase sent an official notice Friday, Feb. 23 to approximately 13,000 of its customers whose information it is legally required to turn over to the US Internal Revenue Service (IRS). The IRS had initially asked Coinbase in July 2017 to hand over even more detailed information on every one of its then over 500,000 users in an attempt catch those cheating on their taxes. However, another court order in Nov. 2017 reduced this number to around 14,000 “high-transacting” users, which the platform now reports as 13,000, in what Coinbase calls a “partial, but still significant, victory for Coinbase and its customers.”
Regulations And Their Influence On Cryptocurrency Prices
"2017 saw cryptocurrencies swing wildly in valuations daily. Despite a mostly upward trajectory, the market remains susceptible to unpredictable and sometimes extreme fluctuations in prices. While some of this volatility can be attributed to how the current cryptocurrency model was conceived—namely its deflationary nature—and the fact that most coins are still viewed mainly as investment and speculative assets, there have been external factors that drive price momentum as well."
Bitcoin Price Dips Below $10,000 as Next Bearish Wave Materializes
"It has become painfully evident this weekend will not be a good one for the cryptocurrency markets. If the retracing Bitcoin price is any indication, the next 48 hours may very well turn into a major bloodbath. With the Bitcoin price firmly below $10,000 once again, the market volatility only intensified as more time progresses."
Cardano wants to beat Bitcoin and Ethereum by starting from scratch
"On Oct. 1, 2017, an unusual event caused a collective gasp in the world of cryptocurrencies. A little known cryptocurrency called Cardano — or ADA, as its corresponding coin is called — showed up on crypto-tracking sites with a market cap of about $600 million. At the time, it was unusual to see a new coin appear out of thin air with such a high market cap. But Cardano is different. It's an incredibly ambitious product with a strong team and tons of buzz. By year's end, the market cap of Cardano was more than $10 billion, despite the fact that the project was in a fairly early stage. In January, it briefly soared to more than $33 billion before receding back to roughly $10 billion as the overall cryptocurrency market shrunk. It is currently the sixth largest cryptocurrency by market cap, behind Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin."
Ripple (XRP): A Bad Time To Deliver Good News?
"Having been voted among the ten highest performing digital coins last year, Ripple (XRP) is poised to continue extending its tentacles in the new markets by gaining 5 new customers. Ripple has added two Banking institutions and three currency processor service providers of repute who are embracing blockchain technology to give their users near low cost transactions."
Ripple (XRP): The Big Bull is Coming
"Ripple (XRP) – Here I am back again with my new article about Ripple. Time is money so let’s go straight to the chart and I will tell you what exactly is happening with Ripple (XRP) on the market right now."
Coins mentioned in post:
I’m definitely not looking forward to making my taxes even more complicated.
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