SEC’s Custody & Manipulation Concerns Still Plague Bitcoin ETF

August 21st, 2019   |   Finance Magnates The US SEC has delayed its decision on several Bitcoin ETF applications yet again–are we any closer to an approval? When Tyler and Cameron Winklevoss, the twin-brother founders of the Gemini cryptocurrency exchange, submitted an application for a Bitcoin-based ETF just over one year ago, the excitement […]

Bakkt May Not Be the Big Bang Crypto’s Been Waiting For

August 20th, 2019   |   Finance Magnates How will changes in the crypto ecosystem over the last year affect the launch of ICE’s Bakkt platform? More than a year has passed in between the time that the Intercontinental Exchange (ICE) announced that it would be launching Bakkt, its new bitcoin futures exchange, and digital […]

The IRS May Release Stricter Crypto Tax Reporting Requirements

August 19th, 2019   |   Coin Tracking The IRS is on the verge of issuing cryptocurrency guidance for the first time since 2014. If a recent warning letter is any indication of what the guidance update will entail, cryptocurrency users will most likely need to use a stricter accounting method for determining cost basis […]

A Kik in the Pants: SEC’s Kik Case Will Form Important Precedents

August 16th, 2019   |   Finance Magnates When it comes to reputation, where should the SEC draw the line? Because the cryptocurrency industry is still so new, there have been a lot of ‘firsts’ over the last several years: the dawn of token sales (in all of their varieties), the first entry of big […]

Facebook’s Libra Hearings Pose a Threat to Mass Crypto Adoption

August 11th, 2019   |   BlockPublisher Crypto-related hearings starting with Libra have brought the attention of the lawmakers in the U.S. towards the broader cryptocurrency space. After Facebook’s blockchain lead explained the workflow of its crypto Libra to the lawmakers, United States Congress also called in a hearing specifically dedicated to cryptocurrency world that included […]