Michael Bloomberg Proposes Regulation Framework for Crypto – February 19

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$10,135

Bitcoin price has rocketed back through the $10,000 mark today, bouncing strongly from recent lows at $9,600.

Top-20 altcoins have responded well, with Ethereum up 5%, and XRP up almost 3%. Tezos continues to move strongly, up 14% today.

Top Stories for February 19, 2020 🔥

👉 Michael Bloomberg Proposes Regulation Framework for Crypto

US presidential candidate Michael Bloomberg has included cryptocurrency regulation in a financial reform plan, to avoid another financial crash.

Bloomberg highlighted the “hype, fraud and criminal activity” associated with cryptocurrencies, and suggested that the hundred-billion dollar industry should be clearly regulated.

👉 Coinbase to Take 25% Commission on Tezos Staking Rewards

Coinbase has released a new fee structure on its staking service, which includes a bold 25% commission on all staking rewards generated for its users.

The cryptocurrency community has criticized the size of the commission on social media, with one user outright calling the move “robbery”.

👉 IRS Invites Crypto Companies and Advocates to Summit

A report by Bloomberg has stated that the IRS has decided to invite cryptocurrency companies and advocates to its March Summit in Washington DC.

The summit aims to “balance taxpayer service with regulatory enforcement”, and appears to have a distinct focus on virtual assets.