Coinbase has been ordered by a San Francisco Judge to turn over user records of purchases, sells, and transfers from 2013-2015 for users who transacted over $20,000 in a calendar year. Some of you may say well I'm a small user I'm not affected. It's $20,000 in combined transactions so if you bought $5,000 worth of Bitcoin, sent that $5,000 to a Trezor, then sent it back to Coinbase, and then sold those Bitcoin you are affected and you did transact over $20,000 with Coinbase. You may not have even seen a penny in gains but your records will be turned over. This battle has been going on for over a year. This was pretty much expected this was going to happen but Coinbase does say they fought for their customers privacy and narrowed the scope of the summons. Coinbase says this only affects 1% or less of their users and that they narrowed the scope of what they will eventually have to give the IRS. You can read the full TechCrunch article here... http://tcrn.ch/2zS52tn As well as Coinbases blog response here... http://ift.tt/2ioeEoc I'm thinking Privacy coins are going to get a surge following this news as a few months back last time this story was in the news Monero and other Privacy coins like ZCash, Dash, Pivx, NAV and others saw a surge in price and more interest in them. What are your thoughts about this news? Drop a comment below and let us know...