Why the US buying bitcoin is a bad idea
That's the question at the heart of my latest podcast episode, where I sat down with Dr. Jack Castonguay from Hofstra University to discuss the proposed "Strategic Bitcoin Reserve" – a plan that would have the US Treasury buy up 1 million Bitcoin over five years.
Tether's $109 billion question: Where's the audit?
$109 billion. That's the market cap of Tether, the world's largest stablecoin. It's also the amount of money effectively backed by nothing more than a pinky promise.
How you buy crypto shouldn't decide if it's a security
We're talking about Judge Analisa Torres' decision in the SEC v Ripple case in federal court. How does this make any sense?
The Classification of Bitcoin and Cryptocurrency by the IRS
IRS guidance is silent on which section of the tax code cryptocurrency falls into. This has major implications for the tax treatment of transactions involving Bitcoin. Read Craig Smalley's analysis on CPA Practice Advisor.