QUOTE OF THE DAY
“Try to save something while your salary is small; it’s impossible to save after you begin to earn more.”
Cryptocurrency Tax Fairness Act
This is a Bipartisan bill will make it much easier to use Bitcoin to pay for every day goods and services.
According to Coin Center, under the bill, any transaction under $600 would be completely exempt, so you’d neither have to worry about keeping track of gains on all the little purchases you make.
Japan’s Internet Giant GMO Launching Bitcoin Mining
According to Bitcoin News, Japan’s leading internet conglomerate and bitcoin exchange operator GMO has announced that it is expanding into the businesses of bitcoin mining and chip manufacturing. The company revealed plans to produce and sell 7nm semiconductor chips and run a mining facility in Northern Europe.
If you don't know what 7nm chips are, don't worry. For comparison, I think Intel's semiconductor chips are only something like 14nm (in the math world, we call that math).
You can read more about this here.
ConsenSys Launches $50 Million Blockchain Fund
ConsenSys launched a blockchain fund called ConsenSys Ventures. The new fund is being led by investment specialist Kavita Gupta.
ICO via a Regulation D
According to CoinDesk, Protos Cryptocurrency Asset Management announced a plan last week to launch an ICO via a Regulation D placement that would see it collecting funds for a cryptocurrency hedge fund.
(Oh, and here's a definition to help familiarize you with the concept.)
Regulation D (Reg D) - is a Securities and Exchange Commission (SEC) regulation governing private placement exemptions. Reg D allows usually smaller companies to raise capital through the sale of equity or debt securities without having to register their securities with the SEC.
You can read the article here.
THINGS I LIKE
Spending Over $300 Million To Get Into Bitcoin Mining
A Tokyo-listed company is spending over $300 million to get into bitcoin mining. It looks like someone caught a case of bitcoin fever.
You can read the article from Quartz here.
My Current Sentiment: Bullish
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