Cryptocurrency markets have started this week with unclear development. The major exchange in the USA, Coinbase, is said to pass the data about its customers to the Internal Revenue Service, which brought certain concerns to the market.
The prices for main cryptocurrencies showed differently directed trends. Specifically, bitcoin, the leading digital coin in terms of the market value, dropped to some $9,607.4 (0.36% down d-o-d) on the Bitfinex, while the second major currency – Ethereum – posted gains on this exchange coming to $848.02 (1.14% up) over the same period.
Ripple coin also weakened to $0.88910 (1.85% down) on the Poloniex, whereas Litecoin hiked to $222.83.
At the end of last week, the US exchange reportedly notified 13,000 of its clients that their personal data (taxpayer number, date of birth, transaction history) would be passed to the IRS. This step is based on the request that Coinbase received in 2017 under which it had to report quite detailed information about its clients to the IRS and the latter was striving to detect tax-dodgers.
It is worth mentioning, that Litecoin that is actively gaining grounds in the market, increased by more than 8% on the back of the hawkish message of Charlie Lee. Specifically, this Sunday he stated that this coin might leave bitcoin behind in terms of the price in the course of 2018.
Moreover, Litecoin will receive its own payment platform Litepay later on Monday. As it was reported earlier, Litepay will provide users with faster and cheaper payment means against bitcoin.