You have made some money. So, now what? Boring but important information on how the government expects their share of your earnings.
6 Jun 2021 2 minute read 1 comment SeventyFourSeventyFive
“Senators Grandstand About Crypto Because They Are Unable To Fix Ransomeware Terror Attacks On Private Companies” There you go Forbes, I fixed your headline for you. Now, it is hard to write about this type of article without it being looked at as an...
3 Jun 2021 2 minute read 7 comments SeventyFourSeventyFive
“Nearly 7,000 people lost more than $80 million between October 2020 and March 2021 -- a 1,000% increase from a year ago” This information comes from a recent article in Yahoo. Funny enough the article was in the yahoo!movies section. I don’t know if...
1 Jun 2021 1 minute read 5 comments SeventyFourSeventyFive
So, if you know all the stories about people losing their crypto, you can just skip to the last sentence and get the point I am making. If you haven’t heard them, sit back and enjoy a little schadenfreude. James Howell loses 7,500 Bitcoin. Mr. Howel...
31 May 2021 2 minute read 2 comments SeventyFourSeventyFive
The news articles continue to pour in and it seems we are getting closer and closer to the US government “protecting” us. I am just going to pull some quotes from some recent articles and add my thoughts in after. From the Financial Times “US financ...
28 May 2021 2 minute read 0 comments SeventyFourSeventyFive
The SEC is currently reviewing multiple Bitcoin ETF applicants right now and with names like Fidelity involved, it looks like it will happen. This is not the first time, though, as the Winklevoss twins tried as early as 2017 to get approval. A sour...
28 May 2021 1 minute read 2 comments SeventyFourSeventyFive
Recent title of an article on the homepage of CNBC:‘Coins like Ethereum are going to be a lot higher way down the road,’ market forecaster Jim Bianco says.To be clear, the parenthesis in my title is meant to denote sarcasm. I guess this is the type o...
26 May 2021 1 minute read 0 comments SeventyFourSeventyFive
Sorry, I am starting with a boring quote, but, it is quick. Randal Quarles, the Vice Chair of Supervision for the Federal Reserve made the statement “We along with the OCC and the FDIC are engaged right now in what we are calling a sprint in seeking...
11 May 2021 1 minute read 0 comments SeventyFourSeventyFive
Now, I am not usually out here promoting other people’s YouTube videos, but, Adam Schiff probably breaks this down in about as simple a way as possible. Even if you do not live in the United States this will be a worthwhile watch. Simply, the idea th...
8 May 2021 1 minute read 8 comments SeventyFourSeventyFive
How to make a million dollars in Crypto: Make sure to jump into a crypto that everyone is talking about and has shot way up recently. You know more than all those people that already made millions. If a crypto is way up, hop on, it can only go highe...
7 May 2021 1 minute read 0 comments SeventyFourSeventyFive
More important news on the tax front as the IRS wins approval to go after Kraken’s customers. The IRS has been given the go ahead to serve Kraken with a John Doe summons. This means they can require Kraken to give the IRS information on all their cu...
