Crypto Dygest 20 Feb 2018

Top 5 News For Today - 20 Feb 2018

Summary:

Litecoin Cash for a great start straight on day one; South Korea’s crypto regulator official found dead; Market finds a stable point at $500bln; US state – Wyoming passes bills to make their state a blockchain heaven; Israel outlines drafts for crypto regulations.

BONUS Thread of The Day

Steven Seagal Becomes A Face of ICO

1.Litecoin Cash Successful First Day

Litecoin Cash, now known as LCC, had an amazing start. The hit was just about $9 per coin and at the time of writing is $7,71. Those who was prepared for the fork must have made solid profits. Market cap is roughly $4,2mln which is more than some already well-established coins out there.

https://www.newsbtc.com/2018/02/20/litecoin-cash-lifts-off-on-first-day-of-trading/

2.South Korea’s Crypto Regulator Found Dead

Crypto regulator, who took his seat back in November, to coordinate cryptocurrencies legislations and laws, was found dead this Monday, from an apparent heart attack. No surprise, as the job was very stressful, taking into account all the NY’s action. Was this a heart attack or an inside job, time will show.

https://bitcoinist.com/south-korea-investigating-cryptocurrency-regulators-sudden-death/

3.Market stabilizes at $500bln

An important psychological threshold of $500bln has been passed, which was also accompanied by a more or less steady crypto asset growth. And South Korea, despite all legal concerns, still is a big player.

https://www.ccn.com/cryptocurrency-market-remains-stable-at-500-billion-bitcoin-records-5-gain/

4.Wyoming State Really Wants to Regulate Crypto Space

Various bills are being passed on to Wyoming House of Representatives, with regards to regulating the crypto assets and ICOs. Latest one – an unanimous bill to exempt utility tokens from security laws has been passed onto senate. And if this is not enough, another 4 blockchain bills are racing though.

https://www.ccn.com/wyoming-house-unanimously-passes-bill-exempting-utility-tokens-securities-laws/

5.Israel Outlines Tax Guidelines for Crypto

These outlines are preliminary and do not hold an official status yet. These drafts discuss ICOs, Mining and Taxes. Yet there is still a lot of work to be done, Israel does not want to jump too far ahead. I guess FOMO is applicable to nations as well.

https://www.newsbtc.com/2018/02/19/israeli-tax-authority-outlines-tax-guidelines-for-digital-currencies/

BONUS Thread of The Day

Steven Seagal is now a face of Bitcoiin ICO.

https://www.coindesk.com/actor-steven-seagal-endorses-questionable-bitcoiin-ico/

This is it for today.