Crazy Crypto Week

January 12, 2018
Updated 2mo ago

South Korea bans Crypto, Ethereum hit an all time high. MoneyGram and Ripple team up. Arizona considers letting residents pay taxes with digital currency. John Detrixhe, future of finance reporter at Quartz weighs in on all the latest headlines.

South Korea is planning to put a ban on trading virtual currency in the nation. The new causing Bitcoin to drop.

A new bill submitted to the Arizona Senate could allow people to pay taxes with crypto. The bill, introduced Tuesday, has been referred to the Arizona Senate Rules Committee for further deliberation. A similar effort was undertaken in New Hampshire in 2016. But concern over bitcoin's volatile price ultimately led to the bill's failure.

John Detrixhe, future of finance reporter at Quartz takes a look at the top hubs for cryptocurrency. Including Moscow, Silicon Valley, New York and London.