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So far it appears Turbo Tax will first want me to connect Binance.us to Coinledger ($100+ and 4,000 trans limit) and then also to Turbo Tax ($100) just to get the info calculated and reported correctly. Not sure if Tax Act will connect directly with Binance.us and calculate the capital gains correctly yet. If I were you, to avoid this major end of year tax headache, avoid trading until they start sending out consolidated 1099 reports like Robinhood and M1 Finance do. Robinhood really simplifies this trade reporting headache for the average dude.

The identities of the world’s most powerful people, and the corporations and institutions they run, are well known. What’s poorly understood is a key driving force behind elites’ power: their ability to build, and capitalize on, relationships. That’s the hypothesis of $uperhubs: How the Financial Elite and Their Networks Rule the World, by Sandra Navidi. She calls people with the most connections and influence “superhubs,” and explains how these individuals build global financial power networks with themselves at the center. These “superhubs” increase their power through a multi-dimensional process that encompasses financial, political, corporate— as well as p…

Foreigners could still demand gold for Dollars until that date. The US wasn't able to fulfill that promise due to exploding debt caused by the Vietnam war. The French tried and sent warships to New York in order to pick up their gold. If other countries followed suit, the gold reserves would have depleted completely. When Nixon looked in the empty vault he knew the gig was up. As long as you can actually get the physical gold from the party with the printer, then the system can't just run amok, because there is always someone who will call you on your bulls#$%. Clearly it was not 100 % backed, but the system can work, as long as there isn't a run on the bank, li…

According to reports, FTX founder Sam Bankman-Fried cashed out $300 million in personal stakes from a $420 million funding round for FTX that occurred in October 2021. The funds were raised under the premise of using the money to help grow the business, improve user experience and allow it to engage more with regulators. SBF told investors at the time that he was withdrawing the funds to partially reimburse himself for money he’d spent to buy out Binance’s stake in FTX a few months earlier. https://www.wsj.com/articles/ftxs-sam-bankman-fried-cashed-out-300-million-during-funding-spree-11668799774

One of Canada's largest pension funds, Ontario Teachers' Pension Plan (OTPP), is reportedly planning to write down the entirety of its $95 million investment in FTX and FTX US after the firms filed for bankruptcy protection. According to a statement, OTPP invested $75 million in FTX International and its U.S. entity FTX.US in October 2021 and followed with another $20 million in FTX.US in January of this year. The firm stated, "The financial loss from this investment will have limited impact on the Plan, given its size relative to our total net assets and our strong financial position. However, we are disappointed with the outcome of this investment, take all lo…

Hong Kong-based crypto over-the-counter (OTC) trading firm Genesis Block HK reportedly has over $50 million worth of assets stuck in the now-bankrupt crypto exchange FTX. According to an email from Genesis Block sent to its customers and obtained by crypto news firm ‘The Block’, the impact is significant enough that Genesis Block is shutting down its OTC business on Dec. 10. The email stated, "With regret, we will be closing down the genesisblockotc.com portal website on 10 December (Fri) 2022 at 6:00 pm HKT. Withdrawals of user balances are fully functional via the OTC chat group. Please do NOT deposit any crypto assets into the portal." https://www.theblo…

According to a Bloomberg report, the biggest publicly traded hedge fund firm “Man Group” is close to starting a dedicated cryptocurrency hedge fund. The group’s crypto hedge fund strategy led by money manager Andre Rzym has reportedly been in development for several months. It plans to start the fund by the end of this year. Man Group’s computer-led trading unit AHL is already trading cryptocurrency futures. https://www.bloomberg.com/news/articles/2022-11-18/man-group-readies-crypto-hedge-fund-despite-ftx-chaos

The Financial Industry Regulatory Authority (FINRA), an American self-regulatory organisation, has launched an examination into the retail communications practices of crypto firms. This includes "video, social media, mobile applications, and websites” published by crypto firms during the period between the beginning of July and the end of September. Companies will also need to file compliance and training manuals, as well as review and approval processes. The move by the organisation comes in response to the recent FTX meltdown. https://cointelegraph.com/news/ftx-meltdown-triggers-finra-into-probing-crypto-comms

Some nice heritage from the XJ220 & F-Type...with a dash of T1000 style mimetic polyalloy!

Btw, it is just about 10% of BTC held in exchanges. There are still more than 1.8 mil on exchanges. Also, since I'm sure many have withdrawn in a hurry, including those who didn't have any prior self custody experience, I hope not many of those 220 000 got lost due to mistake or stolen in some scam

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Yesterday, I was at Wallkill and Warwick. And it wasn't what you might be thinking. It was to take the grandkids (ages 3 & 6) apple picking. When my own children were young, this was an easy thing to do. Load everyone in a car; drive at least 30 miles outside NYC; watch for signs; take your pick of places; end it with a simple hay-ride, and then take home your pick of apples. Now many of the farms that manage these things only take reservations for picking. They charge $40 for a half-bushel. The have expensive vendor stands creating a makeshift food court, a gift shop, a donut shop, a cider shop. The one we ended up at yesterday had about 500 cars when we arrived (and…

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October 19, 2016 (LifeSiteNews) — Pope Francis called religious proselytism “poison” during a meeting with Lutheran pilgrims in the Vatican’s Paul VI Hall last week. The audience took place before the Pope’s trip to Lund, Sweden, for a commemoration of the Protestant Reformation 500 years ago. The meeting will also celebrate 50 years of official ecumenical dialogue between Catholics and Lutherans. In the Holy Father’s speech to pilgrims he expressed gratitude for the initiative of the ecumenical pilgrimage that made its start in Germany and ended in Rome. He emphasized Baptism as the unifying basis for dialogue between the two Christian confessions and expressed…

The Jones Act strikes again! Simply: if you are shipping something on a boat from one US port to another, it has to be on a US-made boat, staffed by US sailors, and flying under the US flag. For tax, labor, and industrial policy reasons all three of these are extremely rare by themselves and nearly impossible all together. It is far more advantageous for Texas to export oil abroad, and California to import from Saudi Arabia, then to send a boat from Houston to Long Beach. https://www.reuters.com/markets/commodities/oil-companies-work-around-jones-act-supply-us-fuel-markets-2022-08-18/

Yet amid all the economic doom & gloom, the world economy is still projected to grow about 2.5% this year, even amid junk bonds and debt bubbles devastating countless individuals. Is this calculation just some illusion generated by sky-high inflation rates and widespread currency devaluation?