Crypto Markets News 

OKEx Becomes First Cryptocurrency Exchange to Create a Bitcoin Cash Market

“Cryptocurrency exchange OKEx created the first bitcoin cash market, enabling users to trade tokens directly against BCH without using BTC or ETH as an intermediary” writes unknown author for cryptocoinsnews.com. First, bitcoin cash proponent Roger Ver made a high-profile appearance on CNBC yesterday, where he promoted bitcoin cash to many viewers who had likely never heard of it.The creation of the first bitcoin cash market was just one of a flurry of developments that OKEx announced this week.Nevertheless, the announcement is likely bullish for bitcoin cash moving forward, especially if…

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Crypto News 

David Marcus, VP of messaging products at Facebook and a former president of PayPal, will be joining Coinbase’s board

“Meanwhile, Coinbase is also scrambling to build new products and features, including a new custodian service for large institutional investors like sovereign wealth funds” reports fortune.com. The unprecedented volume at Coinbase comes as media hype is leading everyone from ordinary investors to hedge funds to jump on the bitcoin bandwagon. Source: fortune.com Share This:

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Crypto News 

South Korea to Allow Bitcoin Exchanges, Under Six Conditions

“Joyce Kim, co-founder of payment network Stellar, announced in a Twitter message that the South Korean government has finally decided not to ban Bitcoin exchanges, citing South Korean news source Daum” reports financemagnates.com. The three biggest exchanges, Bithumb, Korbit and Coinone, are among the largest in the world. Source: financemagnates.com Share This:

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Crypto News 

Indiegogo Goes Where Few Companies Dare: Into Initial Coin Offerings

“Several law firms have already been working on creating legally compliant methods of initial coin offerings” writes Nathaniel Popper for nytimes.com. Initial coin offerings have been so hot — and some say so unhinged — that some companies have found success with them even after failed crowdfunding campaigns.Rubin of Indiegogo said most companies doing coin offerings would probably have to register as securities.For now, he thinks that coin offerings won’t make sense for most companies, given the additional complications.Indiegogo will help coin offerings follow the law by registering them as…

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Crypto News 

I Was Wrong About Bitcoin. Here’s Why.

“I agreed, thinking that the blockchain had real promise, but that Bitcoin would ultimately fade away” writes Kevin Roose for nytimes.com. There are now dozens of cryptocurrency-focused hedge funds, and even Goldman Sachs is clearing Bitcoin futures transactions for some clients.It was easy to think that these problems would lead regulators to take swift action against Bitcoin.I assumed that the blockchain would eclipse Bitcoin itself. Source: nytimes.com Share This:

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Crypto Futures News 

Bitcoin Futures Isn’t Taking Gold’s Shine Away: Goldman Sachs

“As a result, according to the analysts at Goldman Sachs, the digital currency is unlikely to attract investors away from the yellow metal” writes unknown author for cryptocoinsnews.com. However, unlike gold, which is valued $8.3 trillion, bitcoin pales in comparison with a market value worth $282.8 billion.The bitcoin community has recently seen the launch of the Cboe Global Markets futures contract, allowing investors to bet on the price of the digital currency.Yet, despite many seeing the futures contract as a way of pushing bitcoin further into the mainstream, Goldman Sachs…

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Crypto News 

Want to Short Bitcoin Without the Risk? Here’s What to Know

“Short sellers have begun to use these stocks as a bitcoin short proxy instead of outright or futures bitcoin trading,” said S3″ writes Kinsey Grant for thestreet.com. According to S3 Analytics, short sellers looking for bitcoin exposure have turned to shorting bitcoin-related stocks instead of going all in on the cryptocurrency.When bitcoin futures opened on Sunday, Dec. 10, “long sellers dipped their toes into the water while short sellers primarily look at the trading activity from the comfort of their cabanas,” S3 noted. Source: thestreet.com Share This:

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Crypto News 

7 cryptocurrencies to watch in 2018 if you’re on the hunt for the next bitcoin

“The skinny: Bitcoin Cash is among the newest of the cryptocurrencies, developed in August of 2017 as a hard fork of bitcoin” writes Shawn Langlois for marketwatch.com. The philosophical divide between bitcoin and Bitcoin Cash was aptly described by Forbes as “Cypherpunk Vs.Bitcoin Cash was created by a team of people who forked the bitcoin blockchain ledger.In mid-November, Bitcoin Cash briefly topped Ethereum’s market cap to become the second-most valuable crypto, but since then has fallen firmly back into third place. Source: marketwatch.com Share This:

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Crypto News 

Paying taxes on bitcoin isn’t nearly as hard as it sounds

“Disclaimer: This article is not a comprehensive list of how to pay taxes if you bought and sold bitcoin this year” writes Chris Weller for businessinsider.com. The breakdown is as follows: Taking all that into account, consider a sample bitcoin investor who makes $75,000 a year.Short-term gains are taxed like regular income, so the rate is equal to your federal income tax bracket.But as tax season approaches, it may not be immediately clear how the IRS imposes taxes on bitcoin: Are the gains considered income?. With some help from financial…

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Crypto News Reviews 

Bitcoin News Digest Tuesday, December 12, 2017

No Stopping? After New High, Bitcoin Price Eyes $20k Bitcoin bulls look set to push prices as high as $20,000 over the next few days, according to the price chart analysis. As expected, solid dip demand   Why bitcoin is fool’s gold Official site of The Week Magazine, offering commentary and analysis of the day’s breaking news and current events as well as arts, entertainment, people and gossip, and political cartoons.   North Korea may be making a fortune from bitcoin mania Kim Jong Un’s regime is amassing a hoard…

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