🗞 Daily Crypto News, February 2nd 💰

vlemon (76)in #bitcoin • 6 years ago (edited)

Tezos Has a New Board, But What Does It Mean for the Money?;
Coinbase Sends American Clients IRS Tax Form 1099-K ;
The Tax Man is Finally Catching Up On the Crypto Market;
AMD Increases GPU Production to Match Crypto Mining Demand;
BitFury Group Officially Unveils Crystal, a Blockchain Analysis Tool
📑 Daily Crypto Calendar, February 2nd 💰
STEEM Trading Update by @cryptopassion

🗞 Tezos Has a New Board, But What Does It Mean for the Money?

The on-chain governance protocol Tezos, long stalled by its own crisis of governance, lurched forward in several notable ways this week.

To begin, Johann Gevers, president of the Swiss-based Tezos Foundation kicked off events by publishing a blog post outlining his intent to use the project's proceeds to hire operational staff (before later deleting it). Then on Wednesday, the foundation announced it had named a new board member, Lars Haussmann, to replace a seat left vacant in December.

🗞 Coinbase Sends American Clients IRS Tax Form 1099-K

If you are an American client of Coinbase and made plenty of transactions during 2017, you better check your email. The company sent out tax forms for 2017 to many clients who were not necessarily expecting it.

🗞 The Tax Man is Finally Catching Up On the Crypto Market

When Bitcoin was still deeply buried underground in the world of unknown technology and the dark web, it was hardly seen as a threat, or even legitimate by those in power. However, it soon proved many in the mainstream wrong as it’s popularity and price skyrocketed.

Both of these factors have caused regulators and governmental institutions to sit up and take notice. But more than that, they have been forced to take action in response. Regulators are indeed catching up to Bitcoin, as more and more hard-nosed approaches begin to make the news. It now looks as if the taxation authorities of some countries are also starting to get to grips with this fast moving, and mostly anonymous, monetary system/growing asset.

🗞 AMD Increases GPU Production to Match Crypto Mining Demand

Responding to strong market demand, AMD is planning to increase production of graphics cards which are currently in short supply. The recently launched RX Vega GPUs have virtually disappeared from shelves, with crypto mining gaining popularity among investors and enthusiasts. The revenue from the company’s Graphics Division has reached almost a billion dollars in the last quarter of 2017. Recognizing the shortages, AMD is trying to satisfy both gamers and miners.

🗞 BitFury Group Officially Unveils Crystal, a Blockchain Analysis Tool

Most cryptocurrency users know that BitFury is working on a blockchain analysis tool. Until now, we never heard much about this project, other than how it helped identify a few hundred Bitcoin users with relative ease. In a recent blog post, the company explained that its new service will be known as Crystal. It is a blockchain investigative tool for law enforcement and financial institutions alike. Tools like these will only force more users to look at privacy-oriented coins rather than public currencies.

Daily Crypto Calendar, February, 2nd

TRON (TRX)

Support withdraw on peiwoo wallet.

Qtum (QTUM)

QTUM will be first blockchain network with a full node in space by Feb 2, 2018.

Substratum (SUB)

First of many weekly progress updates from the Substratum team.

DECENT (DCT)

On February 2 we will have the presence of MATEJ MICHALKO, founder and CEO of Decent, to carry out the AMA with the Spanish Community.

Request Network (REQ)

Our project updates are published every two weeks on Friday. The next update will go out on February 2nd.

STEEM Trading Update by @cryptopassion

So yesterday we were breaking of the support line :

The market decided to continue the drop and we should now go test the next support line in read :

We should test it in the same time that the BTC will test his downtrend line so I expect a reaction of the market also on the STEEM.

Please notice that we don't have many other support lines after that line in red except the previous low around 2.70$. If we break also that line, it is possible that we go back to the 1$ that we were holding during many months so I hope that scenario won't happen...