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Dozens of Israelis who own digital currencies have recently received notification telling them they must fully disclose their assets for taxation purposes.

The investment giant has posted a job vacancy for an NY-based VP blockchain lead to help with the valuation of crypto assets.

The price of ether (ETH) has jumped above $700 to highs not seen since May 2018. 

Data from Coinbase shows the price of the world’s second-largest cryptocurrency by market capitalization has increased by nearly 13% over the past 24 hours to $710.31 at the time of this writing.

Early this month, CME Group announced that it will list an ETH futures product next year. The product is coming to market on February 8, subject to regulatory approval.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

CME Group’s recent announcement that it will launch ether (ETH) futures on Feb. 8, 2021, is the “writing on the wall” that institutions will being buying the cryptocurrency next year, according to a pair of tweets by Ryan Watkins, an analyst at crypto data provider Messari.

Ether is up over 11% in the past 24 hours.

Regulators are no longer standing on the sidelines of distributed ledger innovation, says Gibraltar’s Minister for Digital and Financial Services.

In September, the correlation between S&P 500 companies and bitcoin was near an all-time high. Now, more people think such companies will have bitcoin on their balance sheets by the end of next year, according to The Block’s annual outlook survey.

Out of the 106 participants in the survey, 51.4% said between five and nine S&P 500 companies will have bitcoin on their balance sheets by the end of 2021. About 16% were more optimistic, saying 10 or more companies will hold bitcoin.

Roughly a third, or 29.7%, said one to four of such companies will hold bitcoin, and only 2.7% said one or fewer companies will hold bitcoin. There are currently zero S&P 500 companies that hold bitcoin on their balance sheet. Square, which could be considered for S&P500 inclusion next year, purchased $50M worth of bitcoin in October.

The S&P 500 question and others can be found in The Block Research 2021 Digital Asset Outlook Report.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

After eclipsing $27,000 for the first time ever only a few hours earlier, the price of bitcoin surged past $28,000 Sunday morning as the leading cryptocurrency’s recent meteoric rise continues. BTC’s market value now exceeds $500 billion.

One of the most popular economics and bitcoin YouTube host joins NLW for a conversation about how to make 2021 better.

The crypto industry faces a momentous choice. Does it integrate with the existing financial system’s rules? Or does it choose to fight for its anti-status quo principles?