COINFEED HEADLINES OF THE DAY
Today is the tenth anniversary of the Bitcoin whitepaper! Our little guy is a quite a big boy at $6300 dollars.
Movers and Shakers
Winners: Pundi X ignores the bears and bounces up by over 4%.
Losers: Ravencoin continues its weekly decline falling by 8% on the daily time frame.
Overall, market holding steady. Nothing to see here.
So let’s move on to the headlines of the day.
Not an IPO
Coinbase President and COO Asiff Hirji announced that Coinbase added $300M of funding in a Series E round. When Coinbase makes the final push to go public, this will be bigger than a Bitcoin ETF moment. Institutions could have exposure to crypto right away in a business model that is easy for traditional finance to understand. As 50 cent would say, get the strap.
Ron Paul says cryptocurrencies should not be taxed. Bullish as fuck.
Money Transmitter Criminals
Not so bullish however, a man plead guilty for operating an unlicensed money transmitter business through LocalBitcoins.com. He could face five years in prison. That’s the thing about crypto, if you sell it, you have to do KYC. The government does not want you participating in what could be a money laundering scheme. These laws were of course created out of best intentions. They are antiquated however, and require modern review. Money deserves to move freely. Help us Ron.
Oyster PRL Exit scam
Finally, for Can’t Handle That Scandal. Bruno Blocks, a pseudonym for the creator of Oyster PRL, used a trap door to generate extra coins. Bruno dumped $300,000 dollars worth of coins on Kucoin which tanked the price of Oyster by 65%. Which is why I say stay away from low liquidity coins guys.
I'm Coinfeed TV. This is not your daddy's Bloomberg. We tell it like it is and we may hurt your feelings. But we do it because cause we love you. Now bring it in.
This show is slightly advanced. If you're just getting into crypto much of this will go over your head. But that's okay, we have a home for you too. Download the Coinfeed app and say hello. Someone there would be happy to help you.
We'll use this show to discuss cryptocurrencies (or as we prefer to call them: cryptoassets) such as Bitcoin. We'll also cover some alt coins from time to time. We likely won't mention any assets that have low liquidity since those assets are more prone to manipulation. Coins in our system include: Ethereum ETH, NEO, GAS, Litecoin LTC, Ripple XRP, Dogecoin, Pied Piper Coin PPI, Tether USDT, Stellar XLM, Nem XEM, Binance BNB, Kucoin KCS, ZCash ZEC, Monero XMR, Cardano ADA, Nano
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