TheCryptoPodcastWithNoName

Just 3 bros wanting to make some casual crypto content for anyone who wants to enjoy or berate... no name yet or sponsors taking suggestions for both!

[TheCryptoPodcastWithNoName @CryptoPodNoName]

https://t.co/tZBVHkOzXk

[Kieran 🥃🎶🐇 @KGeorgee]

Gordon Bennett you are insufferable

You preached for the space , got rejected and turned into the wicked witch of the west, most probably swearing lipstick and high heels too

Just stop, no one is buying your fake as bs attempt at saving yourself

[TheCryptoPodcastWithNoName @CryptoPodNoName]

We're not going to make it are we?

[Inverse Cramer @CramerTracker]

Uh oh💀

[🇬🇧 Jme 🧪 @CryptoTaxJme]

Did you know? 🧐

Negligible value claims can be made for your crypto assets.

This is where you make a claim for an asset where it is of negligible value to create a loss despite not selling it. Maybe the fees are too high. Maybe there’s no liquidity.

#crypto #tax

[🇬🇧 Jme 🧪 @CryptoTaxJme]

Catch me at #DAS23 this Thursday where I will be with @wealth99uk and of course @mynaaccountants where I will be hosting a round table on the benefits you and your organisation can receive by supporting your clients with an outsourcing function.

#crypto #event #speaker

[Udi Wertheimer @udiWertheimer]

- Coinbase on-boarded millions to bitcoin

- Minted many multi-millionaires by giving them trusted access to Bitcoin early on

- Helped onboard institutions such as MicroStrategy

Seeing laser-eye maxis cheering as the SEC tries to take Coinbase down makes me sick to my stomach

[TheCryptoPodcastWithNoName @CryptoPodNoName]

The SEC really going after the whole Crypto industry then...

[U.S. Securities and Exchange Commission @SECGov]

Today we charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency and for failing to register the offer and sale of its crypto asset staking-as-a-service program.

https://t.co/XPG2gDkxtV

[Myna UK @mynaaccountants]

Three reasons why businesses should consider crypto...

1️��� Speed of transaction
2️⃣ Decentralised
3️⃣ Holding your funds in Bitcoin is highly secure

#crypto #cryptocurrency #bitcoin #buisness #businessowner

[Kieran 🥃🎶🐇 @KGeorgee]

This is the 1 hour countdown

https://t.co/ZwlW4bBIwT

[🇬🇧 Jme 🧪 @CryptoTaxJme]

One hour until our space 💪

https://t.co/YH9rthNMpE

[TheCryptoPodcastWithNoName @CryptoPodNoName]

Got to agree here, not worth forcing falling in love, but don't avoid it if it comes to you!

[Kieran 🥃🎶🐇 @KGeorgee]

@kempton_timothy Shit take haha

Wife and kids have pushed me further on self improvement and career aspirations than any weekend drinking and partying twenty something male could have

[TheCryptoPodcastWithNoName @CryptoPodNoName]

First time doing one of these things with some great dudes. @KGeorgee @CryptoTaxJme

Come along and listen in. There will be punch and pie for attendees
https://t.co/tZBVHkOzXk

[TheCryptoPodcastWithNoName @CryptoPodNoName]

Backed to excess and buying Bitcoin with a percentage of profits seems like a sensible move for any stablecoin

[Paolo Ardoino 🤖 @paoloardoino]

Transparency is king.

@tether today has 2.5B+ USD (equivalent) in company own excess reserves.

What company own excess reserves mean?
It means that Tether, on top of the 100% reserves necessary to back issued tokens, has currently 2.5B+ USD (equivalent) more. This accounts to ~3% additional value on top of the minimum 100% reserves.
These excess reserves have been accrued through interest rates on our massive US t-bill portfolio and other investments (gold, ...).

Why does Tether keep excess reserves in the portfolio?
While these excess reserves are part of Tether own shareholder equity, Tether prefers to give priority to ensuring that its stablecoin products as resilient as possible. While banks can do fractional reserve, we believe that's not a viable strategy for a stablecoin, so it's crucial that Tether keeps an additional cushion to further protect its user base.

From the latest attestation (dated 2023-03-31), Tether has confirmed that it held already ~2% of its portfolio in #bitcoin .

Today @tether announces its commitment to use up to 15% of its newly monthly net operating profits (ie. accounting the realized dollarized profits coming from t-bill and similar investments) to purchase #bitcoin as part of its excess reserves.

The total value of Bitcoin kept in the portfolio is currently well below our own excess reserves (~1.5B vs 2.5B), and our aim is to continue in the same direction, since only up to 15% of net operating profits will be used for these continuous Bitcoin purchases.

Why #bitcoin and not something else?
Because Bitcoin is the epitome of a sound and secure monetary system with its decentralized nature and scarcity, Bitcoin is revolutionizing the concept of money and challenging traditional finance.
Bitcoin has defied expectations, shattered boundaries, and provides access to the global financial system to anyone with an internet connection.

[Quit @0xQuit]

I've had some time to digest the ledger news. Probably still need some more to be honest, but thought it'd be good to get some thoughts out now.

1/🧵

[TheCryptoPodcastWithNoName @CryptoPodNoName]

A great thread on the new report coming out of the UK parliament today!

At least if Crypto gets regulated as gambling, a physical shitcoin casino could be opened!

[🇬🇧 Jme 🧪 @CryptoTaxJme]

🚨 MPs: Crypto Is Gambling 🚨

MPs are urging the government to treat retail crypto investments as gambling.

Hooray!… or is this a horror story? A thread below by your favourite Crypto Tax Specialist👇

#crypto #tax #uk #CryptoCommunity #gambling

https://t.co/bMndr1Y7xE

[TheCryptoPodcastWithNoName @CryptoPodNoName]

Our very own resident Crypto Accountant is off to tell people things that hopefully will save them money or prison time... #cryptoaccountant #Crypto

[🇬🇧 Jme 🧪 @CryptoTaxJme]

On my way to @Accountex !

Let me know if you’re around and we can catch up.

#crypto #tax #uk #accountex