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This week, it looks like the IRS is again sending out educational letters to some crypto traders, a cryptocurrency city is being built, and a crypto-political update. More info @ Talk.Bitcoin.Tax Full Show Notes: (00:28) First up, the IRS educational letters are seemingly being sent out to more cryptocurrency users and traders. For reference, in July 2019 the IRS send out “educational letters” to more than 10,000 cryptocurrency users reminding them that they need to be including their crypto capital gains and losses on their tax forms. The letters were referenced as 6173, 6174 or 6174-A. According to a number of independent reports, a new round of these letters are currently on their way out. Last year, we spoke with Alex Kugelman, a tax controversy lawyer, about these letters. Alex explained what these letters are and the difference between each of them: “The basic thrust is that the IRS has information that the recipient had some cryptocurrency account and may not have fully reported gains or losses from the activity. So essentially the 6174, 6174-A, and 6173 are essentially predicated on that. The 6174 is what's been termed, or people have described as, a ‘soft notice' – just putting people on notice of what the tax reporting obligations are. The 6174-A is a little bit more direct. The 6173 from my perspective is the letter to be taken more seriously by recipient because it requires a response. It has a response date, from what I can tell, of one month from the date of the letter.” You can listen to the entire interview with Alex Kugelman by going to talk.bitcoin.tax. — (01:52) Next up, a city that's runs on cryptocurrency is in the works. It's being spearheaded by the entertainer/entrepreneur Akon and is appropriately dubbed Akon City. The city is currently being built in Senegal, a country in which Akon spent much of his childhood in. Cryptocurrency plays a vital role in Akon's plan for the city – according to Bitcoin.com: “At the heart of Akon City is the Stellar-based Akoin cryptocurrency. Akon aims for the coin to be used as a common method of payment allowing for easy exchange between Africa's 54 countries so that citizens and entrepreneurs can engage in the digital economy with only a mobile phone.” The Akoin whitepaper states that the currency, and its accompanying multi-currency wallet is powered by a “…proprietary Atomic Swap technology [that] enables immediate trade between major cryptocurrencies, our partners' alternative currencies, and fiat currencies; both on the platform and in the local market.” One of the main use cases of cryptocurrency is arguably the ability to transcend and overcome the imbalances and inequities associated with traditional financial systems. According to the Bitcoin.com report, this is one of Akon's primary reasons for constructing the one-of-a kind city – he claims that crypto could “…overcome key hurdles, such as high inflation, government mismanagement of funds, and corruption.” Additionally, the report illustrates Akon's belief that the Akoin ecosystem will alleviate the difficulty converting African currencies and the “rampant inflation” that exists. The first phase of Akon City is planned to begin in early 2021, and will reportedly be completed by 2023. The entire Akon City is planned to be fully functional within 10 years. Of course, this seems like a lofty goal that is likely to encounter a number of hurdles – but, the funding is certainly there, and cryptocurrency could be harnessed to alleviate some of the issues associated with traditional fiat currencies. Only time will tell if this will be everything it sets out to be, or if it will be plagued by the same issues we see many crypto projects plagued by. — (03:43) Finally, some brief political cryptocurrency news updates… A cryptocurrency advocate and former US representative named Cynthia Lummis, has won the GOP Senate primary in Wyoming. According to a report from NASDAQ, Lummis is favored to win in the general election against her Democrat opponent, and “should Lummis win, she may become one of the most crypto-friendly lawmakers in the legislative body”. US congressman Tom Emmer will reportedly be accepting crypto donations for his re-election campaign. This isn't too much of a surprise as the congressman is a chair of the Congressional Blockchain Caucus. According to Coindesk: “Emmer is not the first politician to accept crypto contributions. In 2015, U.S. Sen. Rand Paul (R-Ky) accepted bitcoin to fund his presidential campaign. Last year, Democrats Rep. Eric Salwell of California and Andrew Yang both accepted crypto donations for their presidential campaigns as well.” The congressman will be utilizing the popular cryptocurrency payment processor BitPay to process the donations. — That's it for this week's episode of The Cryptocurrency Informer. Don't forget – if you want to read more about each of these stories, go to talk.bitcoin.tax and click on The Cryptocurrency Informer link. Every episode is accompanied by a number of relevant links for each story, so you can do your own in-depth research on the topics that interest you. Check out our first interview-style episode of the Cryptocurrency Informer too! This week we spoke with Edward Kelso, CEO of Coinspice. Kelso gives us his perspective of the cryptocurrency world as a long-time crypto journalist turned CEO of his own crypto-news outlet. It's a great conversation – one of many we will be sharing in the coming weeks. Make sure you subscribe on Apple Music, Spotify, and Google Play Music so you can catch every new episode we release. Have a great weekend everyone – stay informed and stay safe!
On this episode, we learn about C. Edward Kelso's economic and political awakening. We ask about writing for FEE and Bitcoin.com. We get his take on the BTC/BCH/BSV forks and a whole bunch of other Crypto topics. Listen to the Coinspice host (and writer/editor) be on the receiving end of the questions. One of our longer interviews, but it goes fast. Hit play to start orbiting the Darkside of the HODL Moon. You can find Kelso here: https://twitter.com/CryptoKelso https://coinspice.io/ bitchute/youtube/Insta only: #crypto #coinspice #btc #bch #bsv #craigwright #dash #dsothm #writing #podcast "” You can also follow DSOTHM here: https://www.bitchute.com/channel/darkside_of_the_hodl_moon/ You can follow BlocKade here: https://twitter.com/kadeblock https://www.instagram.com/block.kade/
Filmmaker, researcher, and cryptocurrency advocate Peter Ryan talks about growth marketing for Bitcoin Cash. He started at NYU and then went to THE media establishment of the industry: CoinDesk. Now, Peter has rolled the dice and joined media upstart CoinSpice. What excites him about CoinSpice? How can Bitcoin Cash become a "winning culture"?
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In the final instalment of this two part series on the Great Crypto Divide we chat again with Lien Truong of Huobi Australia, and Lucas Cullen: blockchain developer and CTO of Civic Ledger, about the Great Crypto Divide between Bitcoin, Bitcoin Cash, Lightning Network, BSV, Bitcoin ABC and the wars within the crypto community. Lien explains the history of Bitcoin Cash and the subsequent forks leading to SV and ABC while Lucas explains the necessary need for adoption and the fact that the banks are likely laughing at the squabbling crypto community. Both Lien and Lucas agree that whoever will win the great scaling race will need to take a crack at some pretty good marketing if they want to succeed. We also chat with our first-ever guest on the Clothesline, JP Parker, about how to solve the issues within the community. JP discusses with Abheeti the messages from Joshua Vial, founder of Enspiral who talks about 'Escalating the Bandwidth' in order to solve conflict. We also hear from Hayden Otto, voice of Bitcoin Cash in Australia and Executive Editor of CoinSpice, where he emphasises the importance not wasting time on changing people's minds but rather focusing on crypto adoption. This episode is an attempt to shed some light on the ever increasing divide within the crypto community and to perhaps offer some tips on how to resolve the drama. Check out all our interviews on the Crypto Clothesline Podcast HERE.
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Join the Beards & Bitcoins dudes, as we are joined by Hayden with CoinSpice and Matt aka Lil Chains to discuss the QuadrigaCX debacle, and the video Hayden put together detailing all the shady stuff around this case. Hope you enjoy, we sure had a great time talking to these two guys!
On today’s show, Matt sat down with Linzerd to talk about the current situation in Venezuela. Linzerd provides a unique perspective because he’s a Venezuelan resident who is on the ground experiencing what’s happening on a day to day basis. His background is in computer science, but he didn’t actually discover crypto until 2018. He was definitely not an early adopter, and his story is a reminder that it’s never too late to get involved in the space and make an impact. The Current Situation Things are a little chaotic in Venezuela right now. There are two presidents, Nicholas Maduro and Juan Guaido both fighting for power. Not only are the citizens divided, but the rest of the globe is divided on who to support as well. Maduro still has control of the military which has given him an edge over Guiado thus far. From an economic perspective, necessities like food and water are available but very expensive. The main reason Guiado is calling for foreign aid is because things like medicine are still inaccessible. Tensions are high as everyone is still taking sides. Linzerd provides his thoughts on Maduro stepping down and the likelihood of foreign intervention. He also comments on whether or not he believes Maduro will use violence to take out his opposition for good. If you’d like to stay updated as the story unfolds, be sure to follow Linzerd’s blog posts on CoinSpice.com. Remittance Payments Remittance payments have been flowing into Venezuela from all over Latin America and even from the US. But popular services like Paypal take exorbitant fees, sometimes upward of 90%. This is a perfect opportunity for crypto to disrupt the status quo. Websites like “Local Bitcoins” have stepped in to provide an alternative solution, and they’ve done so in a record breaking fashion. Over 6 million dollars worth of bitcoin were exchanged in one week alone. However, people still aren’t well versed on the technology. Matt & Linzerd discuss how to make it easier for people to understand and adopt crypto as both a remittance system and a medium of exchange. As the popularity of crypto rises, you can be sure that a Maduro backed government will have something to say about it. Linzerd explains how the government could intervene and make the internet a state owned entity just like oil. Venezuela is clearly in a state of turmoil. It’s fascinating to hear first-hand accounts of the situation. It’s also a way to see clear cut examples of how crypto can help those affected by these totalitarian regimes. We appreciate Linzerd coming on the show and look forward to helping the Venezuelan people as much as we can over the coming months and years.
Latest episode of CoinSpice.io Milk: Soothing Crypto's Burn
Latest episode of CoinSpice.io Milk: Soothing Crypto's Burn
Latest episode of CoinSpice.io Milk: Soothing Crypto's Burn
Latest episode of CoinSpice.io Milk: Soothing Crypto's Burn
Latest episode of CoinSpice.io Milk: Soothing Crypto's Burn
Latest episode of CoinSpice.io Milk: Soothing Crypto's Burn
Latest episode of CoinSpice.io Milk: Soothing Crypto's Burn
Naomi Brockwell is the first guest for CoinSpice.io 's podcast, Milk, and its second season. Brockwell is one of the most insightful personalities in the space: she knows everyone, and if you want to get a sense of where the ecosystem is at, she would be the person to ask.
Naomi Brockwell is the first guest for CoinSpice.io 's podcast, Milk, and its second season. Brockwell is one of the most insightful personalities in the space: she knows everyone, and if you want to get a sense of where the ecosystem is at, she would be the person to ask.
Trevor Jones is an augmented reality artist and imp. Frustrated, he snuck into the Scottish National Portrait Gallery and created his own crypto exhibition. He joins C. Edward Kelso for a great episode of Milk, flagship podcast of CoinSpice.io
He's a most interesting man in crypto. He's CEO of Shitcoin.com, one of funniest and best read sites on the web. He's also guest for this special episode of Milk, the CoinSpice.io flagship podcast, with C. Edward Kelso.
Founder and CEO Semyon Germanovich, and Head of Growth Jamahl McMurran, both from the new BCH base pair exchange Voltaire.cash join C. Edward Kelso for another important episode of Milk, CoinSpice.io 's flagship podcast. They're the future of the space, and they have a lot to say about the contentious fork turned hash war. Don't miss this.
Just hours from the Bitcoin Cash Hard Fork, and everyone seems terrified about this new era the ecosystem is entering: hash wars, etc. Jeffrey Tucker, longtime crypto philosopher and economist, evangelist, respected voice in the space, joins C. Edward Kelso for a special edition of Milk, CoinSpice.io 's flagship podcast. Listen, and get calm.
Derek Magill of tryPathly.com and the Nakamoto Studies Institute is special guest on this episode of CoinSpice.io 's flagship podcast, Milk. He discusses his love of money from a young age, along with being famous in the ecosystem for taking down ugly trolls -- so effective, he was dubbed The Troll Hunter.
The writings of Satoshi Nakamoto go well beyond the vaunted Bitcoin White Paper. There are emails and chats, along with commentaries from early players in the space that need to be preserved. Thankfully, they are. Derek Magill is founder, archivist of the Nakamoto Studies Institute, and he's guest for this fun episode of CoinSpice.io 's flagship podcast, Milk: Soothing Crypto's Burn with C. Edward Kelso, Editor-in-Chief.
Derek Magill of tryPathly.com joins C. Edward Kelso again for a penetrating CoinSpice.io podcast episode of Milk. Magill is a bit of sage in the ecosystem. He hovers around the space, writes highly cited essays, and defends his position well. He is of the belief that money deserves a mind to match it. In other words, if cryptocurrency such as Bitcoin Cash (BCH) cannot survive a silly fork debate, then it deserves to fade away -- and he's very, very pro BCH!
Emperor of Bitcoin, Daniel Krawisz, returns for another episode of the podcast Milk, from CoinSpice.io . This time, he explains his thinking behind creating one of the most influential YouTube shows in the ecosystem, Bitcoin Stuff. He and C. Edward Kelso discuss his mind-blowing take on how to navigate the murky waters of crypto.
Happy anniversary, baby! The 31st of October of this year marks the tenth anniversary of the Bitcoin White Paper. CoinSpice gets views from four considerate figures in the space: Bitcoin's Emperor Daniel Krawisz, Derek Magill from tryPathly.com and the Nakamoto Studies Institute, founder and Editor-in-Chief of The Anti-Media, Nick Bernabe, and Vin Armani from CoinText and Countermarkets share their insights on what 10 years means, and what we might expect in the future.
Bitcoin Emperor Daniel Krawisz is on fire in this episode of Milk, Soothing Crypto's Burn, flagship podcast for CoinSpice. Krawisz (pronounced Cray-Wits) describes his transition into supporting Bitcoin Cash (BCH), which he found a more vibrant, creative community after he was chastised by BTC cult members for even discussing BCH.