December 23, 2020 | Issue #149

Editor's Note: It’s the holiday season! Like many of you, we're excited for 2020 to come to a close. We're also excited to take a little break from what we truly believe has been the most eventful, nonstop, hectic year of crypto news the world has ever seen.

That said, this week's issue will be a light one. And next time you'll hear from us will be on Wednesday, January 6th.

In the meantime, catch up on this week's rumblings and reflect on the massive success and progress this asset class had over the past year.

Happy holidays and see you next year,
CoinSnacks

TOP STORIES THIS WEEK

Coinbase Files for Initial Public Offering

Coinbase, the largest U.S.-based cryptocurrency exchange, said Thursday afternoon that it has filed with the SEC for an initial public offering. This will be the first major Bitcoin-focused company to test the public markets.

FinCEN Announces New Crypto Rules

FinCEN, a bureau of the US Treasury, has proposed requiring banks and money service businesses to record transactions to private cryptocurrency wallets. Ari Paul breaks it down.

Musk Pumps Dogecoin Again

Elon Musk pumped Dogecoin (DOGE) again – sending it 20% higher in less than an hour. He also inquired about converting "large transactions" of Tesla's balance sheet into BTC. 👀

SEC Files Lawsuit Against Ripple

The Securities and Exchange Commission has filed a lawsuit against Ripple, CEO Brad Garlinghouse and co-founder Chris Larsen for conducting what the regulator alleged to be a $1.3 billion unregistered securities sale. While XRP's Market Dominance crashes, Bitcoin's surges.

Tweets Are For Sale in a Sign the Future Will be Tokenized

Ethereum-based social network Cent has caught Twitter by storm through its new Valuables feature, allowing users to buy Tweets, minted as scarce, digital assets.

Visa Proposes Method for Offline Digital Currency Payments

The payments giant has released a paper looking at the benefits of Central Bank Digital Currencies (CBDCs) and how they could be used offline.

Tax-Free Crypto Investing

If you're like most people, your IRA or 401(k) is a place where money is blindly stashed away. The tax benefits are undeniable, so year after year, you invest in the usual mix of stocks and mutual funds. But what if you could now invest that money in crypto?

You'd get all the upside that crypto has to offer, plus all the tax benefits of an IRA. Download Bit-IRAs free guide that reveals exactly how to make this move and how to get started.