Published inInsiderFinance Wire·Sep 18How to Invest in MexicoWhat country is America’s biggest trading partner? If your answer is China you are wrong. Mexico has passed China as the biggest trading partner of the USA. Tensions with China have caused American companies to back off from years of offshoring to Communist China. Reshoring and investments in America are…Mexico3 min readMexico3 min read
Sep 17Bitcoin Fog Social Media DefenseBitcoin mixing is a way to gain a little privacy for your blockchain transactions. To make it more difficult to see who sent Bitcoin to whom tokens are sent through a “tumbler” or Bitcoin mixer. This is a set of private crypto pools. The resulting tokens are then taken out…Bitcoin3 min readBitcoin3 min read
Sep 1620 Years for OneCoin Ponzi SchemeWe used to think that the Madoff Ponzi scheme where billions were lost was the worst investment scam ever. That was until the OneCoin Ponzi scheme was taken down. We were reminded of the OneCoin scheme because an article in Bloomberg reported the sentencing of the “cryptoqueen” sidekick, Karl Greenwood…Onecoin3 min readOnecoin3 min read
Published inCoinmonks·Sep 15Can FTX Rise from the Ashes?As 2022 came to an end we were writing about crypto winter and whether the FTX collapse was failed business or fraud. Nearly a year later Sam Bankman-Fried is in jail awaiting trial. FTX is going through bankruptcy proceedings. Things like who gets paid and who gets stiffed are getting…Ftx3 min readFtx3 min read
Published inBlockchain Biz·Sep 13Risks for Bitcoin Futures ETFsWe have written recently about spot Bitcoin ETFs. The odds seem to be getting better that this way of holding and trading Bitcoin may become a reality. This is good news for the several companies that want to provide ETFs that track the spot price of Bitcoin. It may not…Bitcoin3 min readBitcoin3 min read
Published inInsiderFinance Wire·Sep 12Is Mattel a Good Investment?A movie box office surprise in 2023 was the movie, Barbie. The movie about a doll that escapes to and has to deal with the real world grossed $1.38 billion in theaters in the first six weeks after its premier. It is the highest grossing Warner Brothers picture ever. While…Mattel4 min readMattel4 min read
Sep 11How Safe Is Liquid Staking?While crypto has seen marginal relief from the depths of crypto winter, one corner of the of the crypto world is back to record highs. That corner belongs to liquid crypto staking. Anyone who followed the hype and jumped into crypto at the 2021 $60,000+ Bitcoin peak should not be…Liquid Staking4 min readLiquid Staking4 min read
Sep 10How Do You Report Your Crypto Taxes?If you invest in or trade cryptocurrencies, your goal is to make a profit. When you take that profit by converting your crypto back into dollars, you owe the IRS taxes on your capital gains. Whether you pay short term capital gains or long term capital gains depends on how…Crypto Taxes3 min readCrypto Taxes3 min read
Published inCoinmonks·Sep 9How Safe Is a Stablecoin Savings Account?Stablecoins are cryptocurrencies with stable prices. The most stable are those that are pegged to a major currency like the US dollar and have one to one reserves of that currency. Because these cryptocurrencies have a predictable value over time they are used for decentralized finance contracts, to transfer money…Stable Coin3 min readStable Coin3 min read
Published inBlockchain Biz·Sep 7Spot Bitcoin ETF FeesGrayscale just won a case in appeals court against the SEC. The Securities and Exchange Commission had denied their application to start a spot Bitcoin ETF. In everyone’s mind these folks have moved to the front of the line for starting an EFT that tracks the spot price of Bitcoin…Spot Bitcoin3 min readSpot Bitcoin3 min read