Current Bitcoin Price: $3576 (as of 8:00 AM PST)
There is continued sideways action in the cryptocurrency market, with Bitcoin, Ethereum, and XRP all shifting less than a third of a percent today. The former of the three is indeed in the green, while the latter two are trading red.
A small handful of coins have taken this quiet market as an opportunity to jump up on the daily; these include Binance Coin, Ethereum Classic, Dogecoin, and Ontology — all up more than 2%.
Top Bitcoin & Crypto News Stories for 25th January 2018
Bakkt reveals details of Bitcoin futures product
Bakkt is the long-awaited solution for institutional investment in cryptocurrencies, with a certain amount of its prestige borrowed from parent company ICE (the Intercontinental Exchange), and although its launch is still uncertain, the team is making sure to keep us antsy!
The Bakkt team has revealed details about one of its core offerings: physically-delivered, daily Bitcoin futures. Bakkt also announced that trading times for the platform will be between 8PM and 6PM the next day!
Coinbase, Gemini to communicate with IRS
Coinbase and Gemini are two of the most popular cryptocurrency exchanges in existence, and both of them give you the option to cash in and out of cryptocurrency with fiat currencies at any time.
These two exchanges are set to communicate with the IRS by means of a 1099-K form for customers whose yearly transactions are more than 200 in number and sum to a value of more than $20,000.
Google AdWords rejects Brave (BAT) campaign
Brave is the crypto-browsing project we’ve covered several times over the last month. There’s no doubt that the unique internet browser plus voluntary advertising project poses a threat to Google’s business model (including both their internet browser and advertising services).
Google AdWords has rejected a Brave campaign, leading users to speculate whether Google was attempting to hinder the project. Several Reddit commenters have said that the rejection process was automatic, however.