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Bitcoin Rally Continues, Price Moves Past $11,200

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Kodak, the maker of outdated photography equipment, is somehow up 1,500% in the last 48 hours.

Mind you, this is the company who in January 2018 announced that they were going to do an initial coin offering (ICO), and missed the peak of the blockchain hype cycle by just a few short weeks.

As we can see, the bump from their blockchain gambit took nearly a year to dissipate. Today’s moves could take a bit longer.

Eastman Kodak index

Unlike Hertz, Nikola, and Tesla, Kodak has a strong headline that it’s gravitating toward, or at least one that is somewhat strong.

Trump announcement article.

So basically, the company’s market value has risen more than $1.6 billion over a loan the company received for less than half that amount. Interesting.

Fed sleeping

Once again, the Federal Reserve is on the stage, but this latest Fed press conference has a much different tone than all of the other ones we’ve seen since the start of this pandemic.

We’ve basically gone from shock and awe to Operation Yawn Factory. See, the Fed has already done all it can to stimulate the markets. It has expanded the balance sheet to its maximum limits, like a balloon holding way too much air, so it’s not adding any more today.

At this point, it’s up to Congress and the president to provide fiscal stimulus. Unlike the Fed, which serves the markets, the government has the power to print money right into peoples pockets.

So, since the money printer is taking a rest, the Fed is doing its best to speak softly (literally) so as not to wake up the markets. Basically, the more boring, the better.

We’ve gone from money printing to boredom. It’s actually an improvement.

Hopefully, things will continue to improve (in other areas) during these most interesting times.

Source: https://www.bitcoinmarketjournal.com/bitcoin-price-moves-past-11200/

Blockchain

U.S. crypto exchanges have a plan for the travel rule. Now they just have to get along


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  • A working group of 25 U.S.-based exchanges released a white paper this week outlining their platform to comply with FATF’s travel rule.
  • The group includes some of the most prominent exchanges stateside, suggesting that the plan has legs.
  • Now, the group has to develop a governance structure.
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U.S. crypto exchanges have a plan for how to deal with FATF’s travel rule














Source: https://www.theblockcrypto.com/daily/82261/us-crypto-exchanges-fatf-travel-rule?utm_source=rss&utm_medium=rss

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Blockchain

Exploring the current state of cryptocurrency taxation in the European Union


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  • By now, guidelines for  taxation of cryptocurrency activities exist in most EU member countries. However, grey areas remain.
  • Highly favorable tax treatments in some, and lack of taxation in other EU member countries enables regulatory arbitrage.
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Exploring the current state of cryptocurrency taxation in the European Union














Source: https://www.theblockcrypto.com/genesis/82157/exploring-the-current-state-of-cryptocurrency-taxation-in-the-european-union?utm_source=rss&utm_medium=rss

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Blockchain

FinCEN proposes lower threshold for transaction data-gathering under FATF’s ‘travel rule’ including those made with crypto

Proposed rule change would mandate financial institutions gather and share data on smaller international transactions by lowering the threshold from $3,000 to $250.

The post FinCEN proposes lower threshold for transaction data-gathering under FATF’s ‘travel rule’ including those made with crypto appeared first on The Block.

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FinCEN proposes lower threshold for transaction data-gathering under FATF’s ‘travel rule’ including those made with crypto














Source: https://www.theblockcrypto.com/linked/82229/fincen-proposes-lower-threshold-for-transaction-data-gathering-under-fatfs-travel-rule-including-those-made-with-crypto?utm_source=rss&utm_medium=rss

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