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ubuntu

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Posts posted by ubuntu

  1. This made me laugh at the absurdity of it all.

    Quote

    A managing director is said to have quit Goldman Sachs in London after making millions at Dogecoin.

    Sources say that Aziz McMahon, a managing director and head of emerging market sales at Goldman Sachs in London, has resigned, allegedly after making money on Dogecoin the cryptocurrency championed by Elon Musk whose value rose 72 times between the start of January and late last week

    https://www.efinancialcareers.com/news/2021/05/goldman-sachs-london-md-dogecoin

  2. Image

    Amazing how cycles repeat, last bull run you can see ETH (orange line)making a massive move against BTC at  roughly the same stage we are at now (Blue & Red lines). ETH yet to break ATH against BTC which it may well do then it will crash against BTC. So in this bull run this next week or so could be Alt Peak 1 before BTC does its thing and then we have another Alt peak later in the cycle.

  3. 7 hours ago, warpig said:

    Gold is about to do quite well... I think diversification is really important at the moment... I think we're going to face a 2008 crash < 12 months probably this year.

    agree with that, some say US govt/fed trying to engineer the crypto top with stock market top for around Sep before markets start crashing in Q4.

  4. Accountancy firm UHY Hacker Young creating FUD yesterday

    https://londonlovesbusiness.com/hmrc-to-demand-crypto-holdings-data-from-taxpayers-under-investigation/

    Quote

    HMRC is to begin demanding data on holdings of cryptocurrencies from taxpayers it suspects of tax evasion and avoidance, says UHY Hacker Young, the national accountancy group.

    UHY Hacker Young explains that HMRC’s ‘statement of assets’ form (used to demand a complete accounting of all a taxpayer’s assets in an investigation) will now include explicit demands for information on cryptos and other assets including those commonly used by organised crime, including:

     
    • Cryptoassets such as Bitcoin and Ethereum
    • Assets in ‘value transfer’ systems, such as:
    • Black Market Pesos, a system commonly used by Mexican and Colombian drug cartels, which converts drug sale revenues in the US and Europe to local currencies without the money having to cross a border
    • Hundi, an Indian system of credit notes that has existed since the 12th century and is still used by merchants and Hawala, a similar money transfer system common in the Middle East and Africa
    • Fei ch’ien, trust-based money transfer system commonly used in China’s hidden financial system
    • Assets in E-money wallets like PayPal

    UHY Hacker Young says that there has been increasing concern at HMRC over recent years that the tax authority has not been able to identify cryptoassets used by tax evaders. This new demand for data on these assets is a further step in its attempt to get to grips with the problem.

    Those who are found to have lied to HMRC about their assets can expect to be prosecuted, says UHY Hacker Young.

    David Jones, Director at UHY Hacker Young said, “HMRC suspects that an increasing amount of hidden wealth is slipping through its fingers thanks to the rise of cryptocurrencies and other unsanctioned money transfer systems. This demand for information is an important step in HMRC’s fightback against that.”

     

    “The initiative comes hand in hand with HMRC’s publication of its new Cryptoassets Manual. A defence of ignorance of the law in this booming sector will no longer wash with the taxman.”

    “Some assets like Black Market Pesos are almost exclusively used by organised crime but criminal proceeds flow through relatively mainstream assets like Bitcoin at a rate that some find alarming. For example, cybercriminals overseas take virtually all of their ransom payments in Bitcoin to avoid detection.”

    Obviously Jones is talking through his backside when talking about crime proceeds through Bitcoin as he doesn't understand blockchain. Funny thing is HMRC have come out today to dispel UHY's scaremongering

    https://www.cityam.com/hmrc-were-not-clamping-down-on-crypto/

    Quote

    However, bemused senior officials at HMRC said they were baffled by the claims of a ‘crackdown’.

    A spokesman told City AM that a statement of assets form requires complete accounting of all of a taxpayer’s assets and it has always included cryptocurrency. New forms, they explained, simply list ‘crypto assets’ as an example of an asset that should be declared.

     

  5. 1 hour ago, RoShad said:

    Sorry to be a pain, any ideas?

    I've pretty much been gifted some BTC from an excellent sibling who managed to get in at $80.

    I've been set up with the Wirex card, all verified and id checks done but everything is at a standstill with them due to FCA regulations. They hope to have this sorted soon but who actually knows?

    I'd like to take out some of the profits to get my shopping etc so I'd really appreciate any help.

    I see I have over 900 pages to read over to try to get up to speed on this!

     

    Thanks

    crypto.com or binance.com debit card? or cryptopay.me

    or look here

    https://bitcourier.co.uk/blog/bitcoin-debit-cards-uk

  6.  

    The full list of holdings:

    SQ US
    Square Inc
    BBG0018SLC07
    568
    Stock 146,771 8.87
    GLXY CN
    Galaxy Digital Holdings Ltd
    BBG000BL1PC0
    5,038
    Stock 142,445 8.61
    MARA US
    Marathon Digital Holdings Inc
    BBG001K7WBT8
    2,736
    Stock 117,566 7.11
    VYGR CN
    Voyager Digital Ltd
    BBG000BTQTY4
    5,298
    Stock 117,217 7.09
    SI US
    Silvergate Capital Corp
    BBG00MMM95S7
    790
    Stock 111,643 6.75
    RIOT US
    Riot Blockchain Inc
    BBG000BQ4512
    1,992
    Stock 99,919 6.04
    NVDA US
    Nvidia Corp
    BBG000BBJQV0
    146
    Stock 89,218 5.39
    NB2 GR
    Northern Data Ag
    BBG008FDD379
    624
    Stock 87,451 5.29
    MSTR US
    Microstrategy Inc
    BBG000GQJPZ0
    116
    Stock 85,318 5.16
    PYPL US
    Paypal Holdings Inc
    BBG0077VNXV6
    298
    Stock 79,629 4.81
    TSM US
    Taiwan Semiconductor Manufacturing Co L
    BBG000BD8ZK0
    636
    Stock 76,854 4.65
    HIVE CN
    Hive Blockchain Technologies Ltd
    BBG000HSPX81
    18,146
    Stock 62,957 3.81
    CAN US
    Canaan Inc
    BBG00QQ10GB3
    4,596
    Stock 62,368 3.77
    ARB LN
    Argo Blockchain Plc
    BBG00L4G09H5
    18,738
    Stock 51,259 3.10
    EBON US
    Ebang International Holdings Inc
    BBG00TGMG413
    10,406
    Stock 48,596 2.94
    BTBT US
    Bit Digital Inc
    BBG00JM2HVP5
    3,302
    Stock 47,054 2.84
    HUT CN
    Hut 8 Mining Corp
    BBG00390LHM8
    6,588
    Stock 43,139 2.61
    BITF CN
    Bitfarms Ltd/Canada
    BBG00PGMZVL8
    7,962
    Stock 34,863 2.11
    863 HK
    Bc Technology Group Ltd
    BBG002WJ3406
    13,000
    Stock 30,483 1.84
    BIGG CN
    Bigg Digital Assets Inc
    BBG0074JV192
    10,810
    Stock 29,400 1.78
    1611 HK
    Huobi Technology Holdings Ltd
    BBG00F8149K9
    8,000
    Stock 27,675 1.67
    EQOS US
    Diginex Ltd
    BBG00QZ8KHD2
    2,898
    Stock 26,778 1.62
    DMGI CN
    Dmg Blockchain Solutions Inc
    BBG0033445R6
    9,670
    Stock 13,883 0.84
    FTFT US
    Future Fintech Group Inc
    BBG000F57BQ1
    3,294
    Stock 13,802 0.83
    ADE GR
    Bitcoin Group Se
    BBG004MP4382
    112
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