???? Insolvency to Crypto Community: Ran's Journey
The Crypto Illuminati by M6 Labs
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This Week’s Recap: Guests from Crypto Banter & Koinly
Gm degens,
We interview top experts in crypto every week to capture alpha for our community. This digest summarizes the key takeaways of recent conversations.
Let’s dive right in ??
1?? Insolvency to Crypto Community: Ran's Journey
Find out how?Ran Neuner?built a 24/7 live-streaming show, created a loving community, and his views on the future of crypto media.
Key takeaways:
1. Ran studied the success of big booming businesses and learned about the network effect.
2. He ran the first-ever CNBC crypto talk show and built a 24/7 365 crypto live streaming show called Crypto Banter.
3. Crypto Banter has a mission to change as many lives as possible by creating the most prosperous community in the world.
??? Here’s an audio clip from this Space:
He cautions :
1. Mainstream media only covers crypto at a surface level with a lack of more profound knowledge and perspective.
2. Big influencers in the space are judged differently from normal crypto users.
Listen and keep reading???:
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2?? Decoding Crypto Taxes - Expert Advice Inside!
Danny, the head of tax at?Koinly, shares insights on crypto tax space, international tax background, and how to explore the nature of crypto tax during the current market cycle.
Key takeaways:
1. Wash sale rules do not apply to crypto as it has not yet been classified.
2. Biden's stance is to put crypto within the same category as securities.
3. Gifting rules in crypto are separate from capital gains and income tax.
4. Tax authorities are not yet accepting of taking crypto as payment.
5. Gifting crypto requires a qualified appraisal to make it tax-exempt.
??? Here’s an audio clip about the impact of Biden’s new tax laws on crypto taxes:
Listen and keep reading???:
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