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Current Bitcoin Price: $8,611
Bitcoin has fluctuated around the mid $8,000 range today, returning to $8,600.
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.
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