"Everything in the world may be endured except continual prosperity."

-Johann Wolfgang von Goethe CoinSheet daily Issue#138 December 1, 2017 COIN BULLETIN Coinbase Ordered to Hand IRS Data of 14,000 Users It looks like Coinbase will be forced to submit details of some 14,000 US-based customers between the period of 2013 to 2015 to the Internal Revenue Service (IRS), as ordered by a US federal court.



Anyone with big transactions - be aware that the IRS may be reconciling your tax records with your Coinbase transactions.



As someone pointed out on Reddit, remember, it was tax evasion that finally landed Al Capone in the lock-up.



TL;DR - If you used Coinbase to withdraw thousands ($20k+) of dollars of illegal crypto gains to your personal bank account between 2013 and 2015, you should probably get a good lawyer + tax guy.



You can read more about this here and on the Coinbase blog, here. A share a day keeps the SEC away... Tweet Share Share Bitcoin Futures Trading is Coming to Nasdaq According to a Wall Street Journal report, Nasdaq and Cantor Fitzgerald & Co. will list bitcoin futures within the first half of 2018.



Now what the hell does that actually mean? So imagine person A and person B enter into a contract in which person B will buy one ounce of gold from person A at $1500 in exactly one year.



So person A is selling gold and person B is buying gold IN THE FUTURE. However, if person B changes his mind about buying gold in the future he may sell the contract to person C. He is no longer obligated to buy gold in the future. Now the gold will be purchased by person C. All parties are happy.



Buying and selling the contract means the person who will be buying or selling the underlying asset in the future changes.



Futures simplify the process of creating contracts.



Futures are basically contracts to buy physical commodities (think oil, eggs, wheat etc.) at a future date at a certain price.



Now what does this mean for Bitcoin? I don't know.



There is no real bitcoin being exchanged with futures contracts, cause like that's how futures work.



There is speculation that futures contracts will ‘tame’ bitcoin’s price volatility, but I've been humbled enough in the past that I don't pretend to know what will happen in the future. What else is going on... NYU plans to launch an undergraduate course in cryptocurrencies (Yo NYU, if you need an instructor for shitcoins, holla at cho' boy).

Fed Vice Chair says "cryptocurrencies threaten financial stability."

finds Report that almost half of ICO funding goes to Europe. THINGS I LIKE You Don’t Understand Bitcoin Because You Think Money Is Real Maria Bustillos very nicely explains how bitcoin is not all that different from the US dollar.



You can read her article here. MARKET SENTIMENT Top 5 Winners Top 5 Losers Markets are so bullish that there are only 3 coin's on Coinmarketcap that were red in the last 24 hours. Dang.



Personally I am still neutral, leaning towards being bearish. These wicks are scary business. Announcements I'll be traveling for the next few days, meeting some more crypto-peeps, and working on finishing up the new site (I might give ya'll a teaser sometime next week). In the meanwhile, I would appreciate any feedback, good or bad. So feel free to send me emails (dmitriy@dmitriys.com), tweets, or just stop by Discord and have a chat. Psst, you can ask me "WhEn tArGeT" on Discord DISCORD But only if you...(see below) Help Raise the Tide of Crypto Invite Your Friends

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