Kraken Offering Equity / BSV Surged 200% / IEOs are ICOs / Crypto Tax Laws

Inside Bitcoin presented by IBM Watson.

Presented by Subscribe | View in browser $BTC (3:43 p.m. EST): $8,026.40 (1.46%) // 90-day high: $8,320.82 // 90-day low: $3,733.75 / / More… $ETH (3:43 p.m. EST): $258.12 (2.88%) // 90-day high: $275.39 // 90-day low: $125.40 // More…       1. U.S. based crypto exchange Kraken is offering retail investors the chance to buy equity in the platform during a $10 million fundraise. As of Tuesday morning, Kraken raised just north of $6.76 million from 300 investors. Kraken offered equity to accredited investors with a $1,000 minimum commitment. Kraken officials stated, "We are always looking for ways to democratize access to our equity, allowing more of our valued clients to become valued investors." -COIN TELEGRAPH       2. Bitcoin SV surged 200% as Craig Wright was granted a U.S. patent for bitcoin's whitepaper and original code. BSV reached as high as $195 BSV/USDT on the Singapore based exchange Huobi. Wright intends to assign the copyright rights to "Bitcoin Association," the organization that supports Bitcoin SV and owns the Bitcoin SV software. Five weeks ago BSV was removed from multiple exchanges including Binance as the crypto community renounced Craig Wrights claims that he was the real Satoshi Nakamoto. -COIN DESK       A MESSAGE FROM IBM WATSON Join us to build your AI plan. Bring your team (and your lunch) to a one-of-a-kind, interactive online workshop with IBM Watson experts on Wednesday, May 29, from 1 to 2 pm ET. Join us to identify your top pain points, brainstorm your AI use cases, and walk away with an actionable plan to accelerate AI deployment across your business. Save your spot 3. From The Forums: Twitter user @JChervinsky tweeted a statement that caused agreement throughout his mentions regarding Initial Exchange Offerings.  "IEOs are just ICOs administered by exchanges. End of story. Please don't be fooled into thinking this makes IEOs somehow more legitimate than ICOs. Exchanges have gladly listed worthless tokens for years to earn fees. Their involvement is *not* a meaningful stamp of approval." Crypto Twitter influencer @BullyEsq quoted the tweet and said, "Unregistered securities brokers conducting unregistered securities offerings. What could possibly go wrong?!" Binance's Launchpad has been the leader in IEOs with all four of its listed projects having positive gains since their listing.       4. The IRS will soon release in-depth guidance on cryptocurrency tax reporting for the first time since 2014. The move comes in a response to Rep. Tom Emmer's request for further guidance on reporting cryptocurrencies. IRS Commissioner Charles P. Rettig wrote in a response to Emmer, "I share your belief that taxpayers deserve clarity on basic issues related to the taxation of virtual currency transactions and have made it a priority of the IRS to issue guidance." Emmer is part of the Congressional Blockchain Caucus who aim to solidify reporting and legal requirements associated with cryptocurrencies. -THE TOKENIST       A MESSAGE FROM LINODE Need a server up and running today? Have your choice of Linux distro, resources, and node location and instantly deploy an SSD server in the Linode Cloud. Now offering Dedicated CPU instances, designed for all high performance computing needs.  Here's $20 worth of hosting on us to get you started. 5. The NY Post released an article titled, "Bitcoin will soon be worth zero." -NY POST 6. The SEC obtained an emergency order halting the ICO of Argyle Coin in an apparent Ponzi scheme involving 300 investors. -SEC 7. Youtube influencer PewDiePie helped grow blockchain-based live streaming service DLive's userbase to over 5 million users after signing an exclusive live streaming deal with the company last month. -COIN DESK 8. Assemblymen Clyde Vanel introduced a smart contract bill to the New York State legislature. -CITY AND STATE NY 9. TD Ameritrade invested in ErisX, a regulated cryptocurrency exchange. -TD AMERITRADE 10. The SEC delayed the ruling on the VanEck Bitcoin ETF until the end of the summer at the earliest. -DECRYPT MEDIA       Written and curated by Darren Webb. He created Currencylists and has worked in marketing roles for a multitude of cryptocurrency and blockchain projects since 2014. Based in NYC, Darren loves to read and continue to learn about cryptocurrency and emerging technology in his spare time. You can find him on Twitter @Dwebbny. Editing team: Kim Lyons (Pittsburgh-based journalist and managing editor at Inside) and David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).

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