30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $10,135
Bitcoin price has rocketed back through the $10,000 mark today, bouncing strongly from recent lows at $9,600.
Top Stories for February 19, 2020
US presidential candidate Michael Bloomberg has included cryptocurrency regulation in a financial reform plan, to avoid another financial crash.
Bloomberg highlighted the “hype, fraud and criminal activity” associated with cryptocurrencies, and suggested that the hundred-billion dollar industry should be clearly regulated.
Coinbase has released a new fee structure on its staking service, which includes a bold 25% commission on all staking rewards generated for its users.
The cryptocurrency community has criticized the size of the commission on social media, with one user outright calling the move “robbery”.
A report by Bloomberg has stated that the IRS has decided to invite cryptocurrency companies and advocates to its March Summit in Washington DC.
The summit aims to “balance taxpayer service with regulatory enforcement”, and appears to have a distinct focus on virtual assets.
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