The Best in Crypto – 6/4/18

John McAfee Announces 2020 Presidential Bid to Serve Crypto Community

John McAfee, founder of McAfee Antivirus Software and prominent crypto enthusiast, tweeted, “In spite of past refusals, I have decided to again run for POTUS in 2020. If asked again by the Libertarian party, I will run with them. If not, I will create my own party. I believe this will best serve the crypto community by providing the ultimate campaign platform for us” (Cointelegraph).

Supplemental IRS Guidance on Taxation of Cryptocurrencies is Needed: Expert Take

“Annette Nellen, CPA, CGMA, Esq., chair of the AICPA Tax Executive Committee said, ‘We recommend the IRS release immediate guidance regarding the tax treatment of virtual currency transactions, similar to that of Notice 2014-21 so that authoritative guidance exists'”(Cointelegraph).

The University Blockchain Research Initiative has payments distributed to 17 global universities to boost academic research within the industry, and Ripple will put over $50 million, as well as its own “technical resources,” into funding the initiative’s first partners (Coindesk).

All major cryptocurrencies struggled to hold on to this weekend’s gains by Monday: After hitting a 10-day high of $7,768.93 on Sunday, Bitcoin, fell back toward $7,500 (Market Watch).

A partnership between Brisbane Airport and TravelByBit is allowing travelers to pay for trips using cryptocurrencies. With 30 retails stores in Brisbane Airport, Bitcoin (and multiple other cryptocurrencies) can be used to pay for goods (Cnet).

Fundstrat strategist Robert Sluymer’s research as to why believes Bitcoin already bottomed out and the worst is behind us (ME).

The Korean Supreme Court ruled $2.3 million worth of BTC to be confiscated from the proprietor of a child pornography website, overturning a 2017 ruling that deemed such confiscation to be illegal (Cryptoslate).

Economist: If Bitcoin is a Bubble, Final Stage of ‘Panic’ on the Horizon

In-depth comparison of the supposed Bitcoin bubble and the Tulip Mania, and how it is not the same (NewsBTC).

Japanese Crypto Center Launches Investment Course for Seniors

The Japanese Cryptocurrency Support Center has an intensive course in cryptocurrency investment, designed to help older folks (Bitcoin.com)

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