Nextblock Weekly Update – January 20th 2018 – January 27th 2018

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🔥 Top News This Week

  1. New details have surfaced about the bitcoin exchange-traded fund (ETF) proposed by Bitwise and NYSE Arca. Bitwise Asset Management announced its intention to launch the ETF earlier this month. If approved, it would be the first bitcoin ETF to make it to market in the U.S. At the time, the company said NYSE Arca would file the 19b-4 rule change proposal in the near future. NYSE Arca indeed filed the form the same day, but it does not appear to be listed on any SEC website, possibly due to the ongoing U.S. government shutdown. As a result, the document went largely unnoticed, despite being posted on NYSE Arca’s own website. https://goo.gl/fiJRgz

2.American cryptocurrency exchange and wallet service Coinbase has added resources for customers in the United States to claim crypto trades on their taxes, according to an official blog post on Jan. 24. In addition to adding an educational guide on crypto and taxes, Coinbase has also integrated with popular tax software TurboTax. According to the blog post, users of Coinbase.com and Coinbase Pro will be able to automatically import transactions into a new, crypto-specific section of TurboTax Premier. Coinbase says that it provided the new resources in order to make the platform easier to use after hearing confusion from the community regarding crypto transactions on their taxes. https://goo.gl/kfijk1

  1. Overstock.com’s much-anticipated security token trading platform, tZERO, officially began trading Thursday afternoon. The company announced in a press release that its secondary market for tZERO’s own security tokens had gone live, marking the first step toward trading other digital assets on the platform. Accredited investors can sign up to trade tZERO tokens through Dinosaur Financial Group, LLC, which is acting as the “introducing,” or customer-facing, broker-dealer. TZERO subsidiary Pro Securities LLC is providing the alternative trading system (ATS) to trade the tokens. https://goo.gl/8k6Ajr

This Week’s Stats:
Top Coins: Bitcoin -0.67% , Ethereum -3.92% , Ripple -3.69%
Top Mover: Holo (+109.88%)
Top Shaker: TenX (-34.81%)

(Based on the Top 100 Cryptocurrencies by Market Cap)

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