White House Links Crypto to Crime and Terrorism – February 11

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$9,787

Bitcoin price has cooled off from its recent run, falling just under 1% today.

Top-20 altcoins also appear to have reached a decision point, as XRP, Ethereum, and Bitcoin Cash all lose less than 1%. Bitcoin SV is the day’s best performer, gaining 3.7%.

Top Stories for February 11, 2020 🔥

👉 White House Links Crypto to Crime and Terrorism

The White House’s new 2021 budget proposal has recommended having the Secret Service operating underneath the Treasury, in an effort to investigate crime relating to cryptocurrency.

Both references to cryptocurrency in the proposal link it to crime, namely money laundering and terrorism.

The implications of the move for the wider cryptocurrency market are unclear, but will be closely watched in the coming year.

👉 iTrustCapital to Enable Users to Trade Crypto in Personal IRA

iTrustCapital has announced a new platform, which will enable individual retirement account (IRA) users to trade cryptocurrency with their funds.

They also claim that users will be able to trade precious metals, all while remaining compliant with IRS regulations.

👉 Analysts Estimate Four Firms Will Control Entire Mining Industry EOY

A report by Tokensight has estimated that four firms – Bitmain, MicroBT, Canaan, and Ebang – will eclipse 98% of the Bitcoin mining market share, by the end of 2020.

The increase in market share is said to be attributed to a network effect, which will build upon an already dominant position by the companies.