Hodler’s Digest, Aug. 12–18: BTC Premiums, Coinbase Blow, Binance Revival
Thomas Simms's original article for cointelegraph.com reduced by 72%
Interestingly, crypto consumers in some parts of the world have ended up paying a premium for their Bitcoins in recent days. Over in Argentina, where the peso collapsed following the sitting president's shocking defeat in primary elections, consumers on local exchanges were at one point paying out $420 more for their crypto than they would on major platforms. Crypto exchange Poloniex to delist 23 trading pairs due to low volumeMore than 20 trading pairs vanished from Poloniex this week, with the California-based crypto exchange blaming their removal on low trading volumes.
Barclays may be ending work with Coinbase, transactions in GBP to slowIn news that could hit the crypto community hard, British banking giant Barclays has reportedly severed ties with the Coinbase exchange. "So far crypto has focused mostly on retail investors or institutional investors. Half the money in the U.S.
is managed by financial advisors, and right now it's very difficult for them to access that market." The financial institution has been taking an increasing interest in the crypto market of late - exploring the potential of creating a digital currency and ramping up the development of a secret project last month by opening a job vacancy for a digital asset project manager. U.S. crypto holders only have a few days to reply to the IRS 6173 letterHave you received a letter from the Internal Revenue Service? If so, time is running out to reply - and those who don't respond with details of all crypto transactions between 2013 and 2017 run the risk of having their tax accounts audited.
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CN [too long; didn’t read]
Summarised crypto news.