Today we're witnessing a perfect storm of FUD that's driving the price of crypto down across the board. We'll dive into:
- BTC Price action
- Binance "hack" and its impact
- The Tokyo Whale who sold $400M in BTC
- SEC and CFTC Announcements
- Coinbase's New Index Fund
Links:
Coinbase Index Fund: https://blog.coinbase.com/announcing-coinbase-index-fund-3925fbf548db
Index Methodology: https://am.coinbase.com/documents/cbi-methodology.pdf
Tokyo Whale: https://www.bloomberg.com/news/articles/2018-03-07/bitcoin-s-tokyo-whale-sold-400-million-and-he-s-not-done-yet
SEC Statement: https://www.sec.gov/news/public-statement/enforcement-tm-statement-potentially-unlawful-online-platforms-trading
CFTC Crypto Commodities: https://www.coindesk.com/us-judge-rules-cryptocurrencies-are-commodities-in-cftc-case/
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*NOT Professional advice, this is all just my own opinion and experience. Consult professionals for any tax, accounting or legal related questions you have.
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