Featured Posts

The Problem with Fidelity’s Crypto Trading Platform

October 16, 2018

Please reload

Recent Posts

Democratic Lawmaker Bought Crypto as Market Peak Turned to Selloff

August 23, 2018

Rep. Tulsi Gabbard Photographer: Win McNamee/Getty Images


Democratic Representative Tulsi Gabbard invested in cryptocurrencies late last year, around the same time the virtual market soared to a record high and then plummeted into a downward spiral, the congresswoman’s financial disclosure form shows.


Gabbard of Hawaii bought between $1,001 and $15,000 of Ether and Litecoin in December 2017, according to the filing with the U.S. House of Representatives. The three-term lawmaker’s office didn’t immediately respond to a request for comment on precisely how much virtual currency was purchased, and when in December.


Gabbard’s financial disclosure was filed Aug. 14, around eight months after Bitcoin hit its all-time high. The top digital token has since tumbled, bringing other crypto coins along with it. One Ether token is now worth around $270, compared with more than $1,000 in January, according to CoinDesk’s price index. The overall crypto market is worth just over $200 billion, down from about $800 billion at the start of the year, according to Coinmarketcap.com.


The lowest price in December for Ether was $414, and $83 for Litecoin, Coinmarketcap.com data shows. The digital coins hit $278 and $54.56, respectively, on Aug. 14.


Business Insider reported on Gabbard’s crypto investments earlier.


Other House lawmakers who have joined the crypto trend include House Judiciary Committee Chairman Bob Goodlatte, who has owned between $17,000 to $80,000 in Bitcoin, Bitcoin cash and Ether, according to the Virginia Republican’s annual financial disclosures filed in May.


Goodlatte’s son, Bobby - who has backed cryptocurrency exchange Coinbase - sent a tweet earlier this month, including a thumbs-up emoji, announcing his dad’s virtual holdings.



— With assistance by Vivek Shankar


Share on Facebook
Share on Twitter
Please reload

Recent News
Please reload

About Bitcoin Global News

Our platform consist of everything bitcoin. We provide          bitcoin global news, press release distribution, and                bitcoin information.