Day: February 9, 2020

US Crypto Taxes Are a Nightmare. Could These Proposals Help?

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The best Sundays are for long reads and deep conversations. Earlier this week, the Let’s Talk Bitcoin! Show gathered to discuss the US tax treatment of “Virtual Currencies” and how scams find a home wherever opportunity exists, at least for a while. During our first segment, we’ll discuss: Virtual Currency Tax Fairness Act of 2020: The proposed legislation would exempt capital gains taxes if any individual transaction results in a capital gain of $200 or less.  Previous versions of the bill proposed a $600 cap. If passed, it would take effect…

Wuhan Coronavirus Death Toll Is Over 50,000

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The official coronavirus death toll in China is a little over 800. But an exiled Chinese businessman says crematoriums are leaking the real figure. A billionaire whistleblower alleges Wuhan has crematoriums working 24/7. He claims they’ve cremated some 50,000 coronavirus victims. Guo Wengui is a Chinese billionaire living in exile in the United States. The official coronavirus death toll is some 800 people in China. The current official death toll worldwide, outside of China, is 774. But a Chinese billionaire with a history of blowing the whistle on his former…

Will the Coronavirus Cause a Global Recession?

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The Wuhan coronavirus outbreak continues to intensify. And Chinese authorities may be downplaying its severity. The virus poses a massive risk to the global economy. But U.S markets seem nonchalant. China has grown to become a massive part of the global economy. When it sneezes, the world catches the coronavirus. When America sneezes, the world catches a cold. That’s how the old saying went. And its logic was simple. As the largest and most complex economy in the world, every other economy was so intertwined with the United States that…

Donald Trump’s Impeachment Revenge Has Only Just Begun

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Donald Trump has begun taking revenge on impeachment participants. Trump may struggle getting to lawmakers like Mitt Romney and Adam Schiff. We could see personal data leaked much like Hillary Clinton’s email scandal. Last week Donald Trump was acquitted in his impeachment trial. But that wasn’t enough— emboldened by his acquittal, Trump embarked on a revenge campaign against those who’ve wronged him. On Thursday, Trump remarked that the Democrats who led the campaign against him, “should be held accountable.” When asked what he meant, the president cryptically replied, Well, you’ll…

Donald Trump’s Impeachment Revenge Has Only Just Begun

boss

Donald Trump has begun taking revenge on impeachment participants. Trump may struggle getting to lawmakers like Mitt Romney and Adam Schiff. We could see personal data leaked much like Hillary Clinton’s email scandal. Last week Donald Trump was acquitted in his impeachment trial. But that wasn’t enough— emboldened by his acquittal, Trump embarked on a revenge campaign against those who’ve wronged him. On Thursday, Trump remarked that the Democrats who led the campaign against him, “should be held accountable.” When asked what he meant, the president cryptically replied, Well, you’ll…

Why It’s Not Too Early to Call Patrick Mahomes the Next Tom Brady

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Patrick Mahomes led the Chiefs to their first Super Bowl win in 50 years in Miami. The 24-year-old Chiefs quarterback is the youngest ever to win Super Bowl MVP. It’s not too early to begin comparing him to Tom Brady. As Patrick Mahomes surveyed the scenes around him following the Kansas City Chiefs’ Super Bowl victory in Miami, he looked every inch a player with greatness in his future. The youngest quarterback to ever win Super Bowl MVP. Even the great Tom Brady has to give him his props for…

Why It’s Not Too Early to Call Patrick Mahomes the Next Tom Brady

boss

Patrick Mahomes led the Chiefs to their first Super Bowl win in 50 years in Miami. The 24-year-old Chiefs quarterback is the youngest ever to win Super Bowl MVP. It’s not too early to begin comparing him to Tom Brady. As Patrick Mahomes surveyed the scenes around him following the Kansas City Chiefs’ Super Bowl victory in Miami, he looked every inch a player with greatness in his future. The youngest quarterback to ever win Super Bowl MVP. Even the great Tom Brady has to give him his props for…

Chinese Insurance Firms Use Blockchain to Process Coronavirus Claims

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Insurance firms in China use blockchain to manage coronavirus-related claims amid the outbreak. English-language local news outlet South China Morning Post reported on Feb. 9 that this month Chinese online mutual aid platform Xiang Hu Bao added the coronavirus to the illnesses eligible for the maximum one-time payout of around $14,300 (100,000 yuan). Blockchain used for insurance claim processing Xiang Hu Bao is not an insurance policy, but a blockchain-based collective claim-sharing platform that counts 104 million users. Per the report, blockchain technology is employed by the system to prevent…

Boeing’s CEO will Get a Fat Payday if the 737 MAX Returns

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Boeing’s CEO, David Calhoun, will enjoy a massive payday when the Boeing 737 MAX returns to service. His compensation package includes bonuses that will activate when the plane is ungrounded. Is Boeing incentivizing Mr. Calhoun to rush the 737 MAX back into service and put profits over safety? Despite criticism from U.S lawmakers, Boeing CEO David Calhoun stands to enjoy a massive payday when the grounded 737 MAX returns to service. That’s because of special clauses in the executive’s compensation agreement that give him multi-million dollar bonuses when he achieves…

Bitcoin Breaks Above $10,000 in Spot Market

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For the first time in three months, bitcoin’s price is being quoted in five digits to the left of the decimal.  The top cryptocurrency crossed above $10,000 at 04:10 UTC and printed a high of $10,176 during the early European trading hours. That was the highest level since Oct. 26, according to CoinDesk’s Bitcoin Price Index.  At press time, bitcoin is changing hands at $10,130, representing 3 percent gains on a 24-hour basis.  The move above $10,000 is accompanied by an improvement in the on-chain fundamentals and looks sustainable. “This…