While we don’t have a strong view on crypto here at Equity Mates, we are fascinated to watch the story unfold. Read on for some of the most interesting Tweets, articles and memes from the past week below.
Prices of Top Cryptocurrencies
Tweets & Charts of the week
Articles & Videos
In the days following the release of higher-than-expected inflation data, cryptocurrencies have bounced back. Bitcoin and ether rallied about 10% and 45%, respectively. This article outlines some reasons why.
Opinion: Maybe one day a fundamental principle of Bitcoin will be that people don’t care where it trades. If its main use is as a medium of commerce, it won’t matter whether it goes for a penny or a million bucks — “a Bitcoin will be worth a Bitcoin,” to paraphrase the faithful.
Crypto exchange network Gemini has made a second round of lay-offs in as little as seven weeks. 7 per cent of the company’s staff were cut, based on the reduction in the platform’s company-wide Slack channel on Monday morning.
From Stranger Things releasing NFTs ahead of the latest season to Coachella unveiling NFTs as entry passes this year, the entertainment world is exploring what NFTs can do in a big way. Here’s what we can expect from the future.
Celsius Network has detailed new recovery plans today during its bankruptcy hearing and in a related court document. In the hearing and a related document, the firm detailed plans that will allow customers to recover their balances.
In an effort to avoid more layoffs while struggling to adjust to market conditions, BlockFi has initiated a “voluntary separation program” for employees. They cut staff last month in an effort to tighten their budget.
A 1,157-page affidavit published by Three Arrows Capital’s (3AC) restructuring firm Teneo reveals several details about the embattled crypto hedge fund. Co-founders Su Zhu and Kyle Davies made a down payment on a yacht worth $50 million, the document shows. The co-founders are believed to have made the payment using borrowed funds while ignoring creditors’ attempts to contact them.
BNP Paribas, one of the largest banking groups in the world, is reportedly considering partnering with a digital asset custody firm. The French bank currently has almost $13 trillion in assets under custody.
In Focus: Crypto tax tips
Crypto investors and traders sitting on big losses from the recent crypto crash will be under scrutiny from the Australian Taxation Office to make sure they are making lawful deductions. Here are 10 tax tips you need to know before submitting your report.
[Read the article here]
This second article also shares tips for tax time if you’re invested in crypto.
[Read the article here]
This week Trace and Blake simplify the seemingly complex intersection of crypto and tax with the help of Danny Talwar who is Head of Tax at Koinly. As a crypto enthusiast, his experience as a chartered accountant and chartered tax adviser across Australia and Europe places him as a thought leader within the rapidly growing crypto taxation space.
[Listen to the episode here]
Some of our favourite content
This is an excerpt from our Crypto Newsletter email. Once a week, for those investing in crypto or interested in learning more about this corner of the market, we’re featuring some of the most interesting content we’ve come across in this weekly email. No spam, we guarantee.