📈 30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $8,611
Bitcoin has fluctuated around the mid $8,000 range today, returning to $8,600.
Top-20 altcoins have once again remained flat, with only a few coins having 1% moves or greater within the last 24 hours. Cosmos is up 3%, while Litecoin and EOS are up 1.5% each.
Top Stories for November 15, 2019 🔥
👉 Crypto Exchanges Before 2018 Are Not “Like-Kind”, According to IRS Official
An attorney in the IRS Office of the Associate Chief Counsel has claimed that crypto-to-crypto trades before 2018 cannot be treated as tax-deferred “like-kind” transactions.
It was made clear that like-kind exchanges could not be used for cryptocurrency trades made in 2018 and onward, however trades before this time have been a point of contention.
A decision also looms surrounding airdrops, where it is undecided if promotional airdrops should be treated as taxable.
👉 New Law in Wyoming Creates NY BitLicense Workaround
A new crypto-banking law in the state of Wyoming may present a way around the troublesome New York BitLicense, according to sources.
A special structure called a Special Purpose Depository Institutions (SPDI) may allow crypto exchanges to operate in New York without going through the state’s complicated licensing procedures.
👉 Compound Finance Secures $25m in Funding
Compound Finance have landed USD$25 million in Series A funding, led by Andreessen Horowitz.
The funding will be used to bring Compound Finance to the ordinary person, via integration with a range of exchanges and wallets.