📈 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 🔥 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. 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 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. |