Why the US buying bitcoin is a bad idea
That's the question at the heart of my latest podcast episode, where I sat down with Dr. Jack Castonguay from Hofstra University to discuss the proposed "Strategic Bitcoin Reserve" – a plan that would have the US Treasury buy up 1 million Bitcoin over five years.
The Classification of Bitcoin and Cryptocurrency by the IRS
IRS guidance is silent on which section of the tax code cryptocurrency falls into. This has major implications for the tax treatment of transactions involving Bitcoin. Read Craig Smalley's analysis on CPA Practice Advisor.
Blockchain Solves a Problem from Antiquity
If you want to understand the value of blockchain and cryptocurrency, read this. It has nothing to do with the price of Bitcoin. That’s just a distraction. The true value is that it provides a distributed system for verifying claims of ownership — whatever they may be.