In today's Crypto Digest, the crypto exchanges have waged an offensive. They've topped Bitcoin, and the SEC is making a cameo. But you might want to pay very close attention because you're going to learn something very important about using crypto to buy your next prophylactic.
Crypto News
First in the batting order is #Coinbase. As most other crypto exchanges are flipping the middle finger at Japan, the largest U.S. exchange is cozying up for a hug. In fact, not only have they announced that they're setting up shop in Japan, but they've already chosen the CEO of the Japanese Coinbase subsidiary.
#Ripple is giving away money--to universities. The number is $50 million, because they want to encourage #crypto and #blockchain research.
This one sounds like it could be a nasty rumor, but it appears that the SEC is getting its first digital currency chief. Think about the ramifications of that. How long will it be before we see guidance on ICO and cryptocurrency regulation coming from the SEC?
#Binance listed #QuarkChain, but then issued a warning. Danger, Will Robinson!
Speaking of Binance, the exchange's venture fund leader can't wait for the ICO bubble to burst. And if you read close enough, you'll be able to hear her giggles through the words on the page. Quite frankly, I'm with her.
Photo by Maxime Bhm on Unsplash
In China, Qulian Technology raised $234 million in a funding round. That's pretty impressive!
Another China entry, OKEx is launching a cryptocurrency index fund. Makes me want to go buy sneakers.
Crypto Analysis
Everyone's been talking about Bitcoin like she's the fat girl at the pool party. You think she'll lose weight? Buy a new bikini? Dive in? Turns out, one analyst is saying there's plenty of reasons to believe she's already dived in--and hit bottom.
Meanwhile, Google searches for the fat girl have declined 75%. Not to worry, though. The prom was last week.
If you plan to spend crypto for your personal use, you might want to seek tax advice. Otherwise, you could be paying capital gains on that box of ribbed condoms.
From Pixabay
For those of you who think understanding cryptocurrency is hard, try decentralizing it.
And now for the main thing everyone is talking about these days: Regulation. If you haven't figured it out yet, some crypto investors get the jitters when they hear that word. For good reason. Regulation is likely to change how they invest in crypto.
So there's the rollup for today. There's plenty more crypto and blockchain news at Blockchain Times. I'm the #editor of that digital rag, and I promise, cross my heart, and hope not to die--I get no compensation from mentioning the companies in this post. You can bet your last #Monero on that.