Crypto, Taxes and Regulations

Crypto, Taxes and Regulations

You have made some money. So, now what? Boring but important information on how the government expects their share of your earnings.


SEC Has Asked To Regulate The “Wild West” Of Crypto

5 Aug 2021 3 minute read 4 comments SeventyFourSeventyFive

To write this article, I have to admit to being a pretty big nerd. So I will just get it out in the open.  I read a lot about the old west. I have probably read 50 books on the city of Tombstone and the shootout at the OK Corral alone. (And to be hon...

Panic Is Suddenly Spreading Among Bitcoin, Ethereum, BNB, XRP And Dogecoin Traders

2 Aug 2021 2 minute read 2 comments SeventyFourSeventyFive

I wrote a little bit about this before, but I want to revisit it because it is a very big deal and is not showing up in the news as much as it should.  I took the title of this blog from a Forbes article that came out yesterday on the upcoming infras...

Is Amazon Saving Bitcoin? Put On Your Big Boy Pants And Read This

27 Jul 2021 2 minute read 2 comments SeventyFourSeventyFive

The crypto world has been going crazy over the last few days with the news that Amazon will start to accept Bitcoin in 2021. Ethereum and others will reportedly join once the system is perfected. Now, I know there have been a lot of articles written...

Somebody In Congress Wrote A Letter (Spoiler Alert- It Worked Because I Am Talking About It)

10 Jul 2021 1 minute read 7 comments SeventyFourSeventyFive

I have no doubt that there will be an organization that takes over regulating cryptocurrency in the US. My bet is that it will be a newly created organization, as current entities have been not willing to step up and take control, still not sure if c...

Working For The Weekend (Does Crypto Really Crash On Saturday and Sunday?)

8 Jul 2021 2 minute read 2 comments SeventyFourSeventyFive

Well, as with most things, the answer is yes and no.  From January through June, Bitcoin returns have been .29% on weekdays and .17% on weekends. This is not really a crash, it is actually a pretty decent return.  In fact, there is about a 50/50 chan...

Regulatory Clarity In Cryptocurrency

6 Jul 2021 2 minute read 1 comment SeventyFourSeventyFive

It has been a while since I have talked about government regulation in the crypto world. The main reason for this hiatus is that it was a lot of people making statements in an effort to stay relevant, but, no action from the US Federal Government. Do...

Robinhood IPO Put On Hold Due To Crypto

26 Jun 2021 1 minute read 3 comments SeventyFourSeventyFive

Robinhood was hoping to have its IPO in June, but, that does not look like a realistic expectation any longer.  Any #wallstreetbets people out there would be wrong in thinking this has anything to do with the GameStop issues and halting trading earli...

Apparently We Are All Idiots

22 Jun 2021 1 minute read 4 comments SeventyFourSeventyFive

I was looking through the current news cycle on crypto tanking and something I always somewhat noticed became all the more clear to me. Most established media outlets and investment companies think we are morons. This doesn’t mean they won’t try and...

Fred Ehrsam, Coinbase Co-Founder, Says Most Cryptocurrencies Just Won’t Work

21 Jun 2021 1 minute read 3 comments SeventyFourSeventyFive

Now, as bitcoin charts show the price 50-day moving average has fallen below the 200-day moving average—a pattern known as the "death cross"—Coinbase cofounder Fred Ehrsam has warned "most" cryptocurrencies and crypto-assets "won't work" and "90% of...

Police Arrest Three in Pump-and-Dump Scheme Involving Self-Made Cryptocurrency

7 Jun 2021 3 minute read 3 comments SeventyFourSeventyFive

Each morning I check out what is happening in the crypto world with just a general search for Crypto News. Sometimes I will find something that jumps out at me and I will wrote about it. Other mornings nothing special catches my eye and it is just a...