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Crypto Update with Shehan Chandrasekera & Dr. Sean Stein Smith

Crypto Update with Shehan Chandrasekera & Dr. Sean Stein Smith

BonusReleased Wednesday, 17th February 2021
 1 person rated this episode
Crypto Update with Shehan Chandrasekera & Dr. Sean Stein Smith

Crypto Update with Shehan Chandrasekera & Dr. Sean Stein Smith

Crypto Update with Shehan Chandrasekera & Dr. Sean Stein Smith

Crypto Update with Shehan Chandrasekera & Dr. Sean Stein Smith

BonusWednesday, 17th February 2021
 1 person rated this episode
Rate Episode

Guests

Shehan Chandrasekera, CPA
https://www.linkedin.com/in/shehanc/

  • CPA Practice Advisor 40 Under 40 honoree
  • Head of Strategy for Tax at CoinTracker

Dr. Sean Stein Smith, CPA
https://www.linkedin.com/in/dr-sean-stein-smith-dba-cpa-63307444/

  • Assistant Professor at Lehman College (CUNY)
  • Founder at Company NameInstitute for Blockchain & Cryptoasset Research

Show Notes

2:55 - Bitcoin to Come to America’s Oldest Bank, BNY Mellon
https://www.wsj.com/articles/bitcoin-to-come-to-america-s-oldest-bank-bny-mellon-11613044810 

4:49 - Tesla Buys $1.5 Billion in Bitcoin: What Could Possibly Go Wrong?
https://www.wsj.com/articles/tesla-and-bitcoin-what-could-possibly-go-wrong-11612797620 
 

5:47 - What Do Bitcoin and Tulip Mania Have in Common?
https://interestingengineering.com/what-do-bitcoin-and-tulip-mania-have-in-common

 

5:50 - The underlying value of cryptocurrency 

 

7:00 - Store of value, or more?  


8:18 - Exiting Robinhood Could Create A Tax Nightmare For Crypto Users
https://www.forbes.com/sites/shehanchandrasekera/2021/01/28/exiting-robinhood-could-create-a-tax-nightmare-for-crypto-users/?sh=7a02ea1b4ad6

11:07 - Five taxable events regarding crypto 

14:42 - Four types of cryptocurrency holders in the U.S.

16:18 - If your clients hold crypto, what risks do you face, as an accountant, or tax preparer? 


21:39 - Asking About Crypto on An Organizer? It's Not Enough

https://www.boomer.com/post/asking-about-crypto-on-an-organizer-it-s-not-enough?vgo_ee=76sfxqcZn66PFl4np71OpQ%3D%3D

By Gary Boomer

 

22:00 - Is Bitcoin a bubble? 

 

33:27 - What does the future hold for Bitcoin? 

 

38:53 - What are the business use cases for blockchain? 

 

41:10 - Smart contracts in the blockchain

 

Additional Crypto Reading: 

 

Mastercard to Support Some Cryptocurrencies on Its Network
https://www.wsj.com/articles/mastercard-to-support-some-cryptocurrencies-on-its-network-11613004823?mod=article_inline

Intent On Ban, India To Give Transition Time To Crypto Investors
https://www.bloombergquint.com/business/intent-on-ban-india-to-give-transition-time-to-crypto-investors-bq-exclusive
 
As Bitcoin Soars Toward $50,000, Data Reveals Tesla Billionaire Elon Musk Triggered A $1.2 Billion Price Short-Squeeze

https://www.forbes.com/sites/billybambrough/2021/02/12/as-bitcoin-soars-toward-50000-data-reveals-tesla-billionaire-elon-musk-triggered-a-12-billion-bitcoin-price-short-squeeze/?sh=98368a2219ed

 

Bitcoin Is an Incredibly Dirty Business
https://www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost

 
Bitcoin's wild ride renews worries about its massive carbon footprint

https://www.cnbc.com/2021/02/05/bitcoin-btc-surge-renews-worries-about-its-massive-carbon-footprint.html

What is dogecoin? Elon Musk has sent the meme cryptocurrency soaring
https://finance.yahoo.com/news/what-is-dogecoin-the-meme-cryptocurrency-elon-musk-has-sent-soaring-170244933.html



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