Bitcoin continued to hover around $8,200 on Wednesday, the level where it’s traded for much of the past week. The flat trading pattern is a bit of surprise, given that Tuesday’s tax deadline (later extended to Wednesday because of IRS tech troubles) has now come and gone. ILLUSTRATION: BLOOMBERG NEWS Bitcoin bulls have argued that tax season was a bummer for the digital coin, because owners were forced to sell their coins for cash and hand it over to the government. The IRS views bitcoin as an asset, so
In the wild west of the future economy, some say bitcoin is the gold of the future. It is cryptocurrency in the blockchain ecosystem that was recently traded at a high of $11,599, according to CoinDesk’s Bitcoin Price Index. Trading volume was recently at $7.28 billion in a 24-hour period, according to Coin Desk. “This is the most important technology since the commercialization of the Internet and we have a chance to make an impact,” says Sheri Kaiserman, at the forefront of the future’s financial univer
Two weeks prior to the Senate hearing, six leading ICO attorneys led by Maco.la delivered a presentation on the “Present State of Blockchain and ICOs” to 21 members from the SEC including the divisions of trading and markets, corporate finance, investment management and the Office of the Chairman.
Maco.la Management has made it’s first investment into Silvergate Capital Corporation as part of its strategy to pursue investing in business and services that enable the adoption of blockchain and cryptocurrencies into the mainstream market.
Silvergate Capital Corporation (“Silvergate”), the holding company for Silvergate Bank, a California chartered commercial bank (the “Bank”), today announced it completed a private placement of 9.5 million shares of Silvergate common stock, generating gross proceeds of $114 million.