Today’s episode is based on an article by Fintech News Singapore [1] about the release of tax guidance for crypto assets [2] by the Inland Revenue Authority of Singapore (IRAS). Mostly as expected, but some bad news for ICOs — and good news for STOs!
In this bonus episode we’ll discuss one topic close to my heart: global stable coins. The ECB just published a paper on regulatory and financial stability implications of global stable coins [1]. Whilst the results will come as surprise to noone except the author’s of last year’s v1.0 of the Libra whitepaper it is still worth going through them because they are important for the stable coin market.
This episode covers two articles, one about the crypto segment being in dire straits because of the Corona crisis [1] and the other one about a16z raising a $500m fund to invest into crypto ventures [2], in a time where Silicon Valley valuations seem to go down [3]. Does this mean that crypto and crypto finance in particular is going mainstream?
In this episode, based on an article by CoinDesk [1] we discuss Tether’s recent legal action in the US, trying to get hold of $800m that have allegedly been confiscated by the authorities, and the importance of stable coins more generally. Tether’s transparency page is here [2].
In this episode we discuss the impact of the upcoming halving in the Bitcoin block reward on the chain hash rate and chain security based on an article by Andrew de la Torre, Vice President of Pooling, in CoinTelegraph [1]