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Bipartisan 'Cryptocurrency Fairness Act' Moves to Congress

Bipartisan 'Cryptocurrency Fairness Act' Moves to Congress

Authored by Jerry Brito via CoinCenter.org,

Bipartisan bill will make it much easier to use Bitcoin to pay for every day goods and services.

In April, Coin Center explained how the tax laws affecting digital currency transactions create serious friction for consumers and merchants and discourages the use of Bitcoin (or any cryptocurrency) as an everyday payment method.

Bitcoin Smashes Record After Coinbase Resumes Trading, Futs Arb Spread Tumbles

Bitcoin Smashes Record After Coinbase Resumes Trading, Futs Arb Spread Tumbles

Something just snapped in the cryptosphere...

First, we noted that the spread between Bitcoin spot and futures was tumbling...

Something we would expect to close:

“Arbitrage will close that gap, but it will be days and weeks,” Cboe Chief Executive Officer Ed Tilly said on Bloomberg Television Monday, less than a day after launching the product.

 

China Unveils Plan To Combat Trump Tax Reform: “We’ll Have Tough Battles"

With Donald Trump's historic tax reform on the verge of passage, and with the Fed continuing its rate hiking cycle so far undeterred, and according to the Fed's own dot plot still having another 7-8 rate hikes to go, China is getting nervous because, as the WSJ reports, it fears "a double whammy sapping money out of China by making the U.S. a more attractive place to invest." In other words, those capital outflows which China was confident it had finally bottled up, are about to return. And that's even as the U.S.

The "Exit" Problem

The "Exit" Problem

Authored by Lance Roberts via RealInvestmentAdvice.com,

Last week, I discussed the issue of “bubbles” in the market. To wit:

“Market bubbles have NOTHING to do with valuations or fundamentals.”

 

Hold on…don’t start screaming “heretic” and building gallows just yet. Let me explain.

 

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