The Short STOry

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!

[1] https://fintechnews.sg/40085/blockchain/a-look-at-singapores-updated-income-tax-guide-for-digital-tokens/

[2] https://www.iras.gov.sg/irashome/uploadedFiles/IRASHome/e-Tax_Guides/etaxguide_CIT_Income%20Tax%20Treatment%20of%20Digital%20Tokens.pdf

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?

[1] https://beincrypto.com/90-percent-cryptocurrency-firms-bankrupt-six-months-swiss-blockchain-federation/

[2] https://beincrypto.com/will-this-515-million-vc-megafund-boost-cryptocurrency-markets-again/

[3] https://www.ft.com/content/0a4a651e-8057-44f8-92e2-f23a89cd632a ($)

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].

[1] https://www.coindesk.com/bitfinex-tether-seek-subpoenas-across-us-in-hunt-for-missing-800m

[2] https://wallet.tether.to/transparency

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]

[1] https://cointelegraph.com/news/miner-survivability-post-halving-a-hash-rate-comparison