October Roundup | ?? No-Nonsense Crypto Nudge Letters | ?? Product Update
Welcome to the Recap newsletter! ?? With the UK’s autumn budget on the horizon, it’s the perfect time to get ahead with tax planning and we've got some exciting updates to keep your crypto accounting on track! ??
In this month's roundup:
? Product update: One screen to see your entire portfolio value and a breakdown of gains for every asset.
?? Insights: A new era of crypto nudge letters from HM Revenue & Customs
??? Crypto news: Recap becomes a member of Bitcoin Policy UK, the FCA are cracking down and have HBO outed Satoshi’s true identity?
As always, we’re here if you need a hand! Simply reply or drop us a message via in-app support.
The Recap Team
?? PS - don’t forget to register for self-assessment if you’re filing for 2023/24 and aren't already registered!
PRODUCT UPDATE
Understand how much all your assets are worth and have increased in value (??) in one glance! ??
COMING SOON! One screen where you can see all your assets and total portfolio value, with a breakdown of individual balances, fiat value, costs and gain (or loss) for each token. The only way the updated assets page could look any better is if we were in a bull market. #UPTOBER ??
Improvements and repairs
??? Improved performance when loading and saving large datasets.
??? See more clearly and scroll less - we’ve optimised the app for smaller screen sizes.
? Updated support for all integrations including Nexo , Coinbase , Bitfinex , Kraken Digital Asset Exchange , VALR and Luno .
?? Want to use Recap in Firefox or Safari, or not a fan of the Recap Chrome Extension? You can now toggle “Use exchange proxy” in Settings and your exchange data will be fetched via non-logging proxy servers instead.
?? We've added more assets to our database - if you're missing any tokens just drop us a message and we’ll get them mapped.
?? You can take a look at our release notes to see all bug fixes, changes and updates.
INSIGHTS
The latest, no-nonsense, crypto nudge letter
Find out about the latest HMRC crypto nudge letter:
Registering for self assessment!
领英推荐
RECAP NEWS & EVENTS
Partnership with Bitcoin Policy UK
We’re really excited to share that Recap is the first corporate sponsor and Gold member of Bitcoin Policy UK ! ????
Join us at Zebu Live 2024
We'll be at Zebu Live - UK's Web3 Conference live on Friday 11th October where Dan will be talking all things crypto taxes!
IN CASE YOU MISSED IT
A quick roundup of news headlines
?? Autumn Budget! UK taxpayers are bracing for the first budget from Chancellor Rt Hon Rachel Reeves . With a focus on the tax gap and HMRC reform, don’t expect too much good news—though shorter phone call waits might be a win!
???♂? Satoshi Unmasked? A new HBO documentary featuring crypto icons like Adam Back, Roger Ver, and Samson Mow claims to reveal Bitcoin creator Satoshi Nakamoto’s identity. Could the late Len Sassaman be the mystery man?
?? Ripple Back in Court! Ripple is facing yet more SEC challenges over XRP’s non-security status. The saga continues…
?? Privacy at Risk? Telegram Messenger CEO Pavel Durov admits disclosing user data with law enforcement since 2018, raising alarm bells among crypto security experts about privacy threats and undermining decentralisation.
?? Cash Still Rules Crime! Despite crypto’s early shady rep as a hub of illegal activity, a new report by non-profit ISAC, reveals cash is still the top choice for illicit activities.
?? Crypto ATM Crackdown! After Financial Conduct Authority action on illegal crypto ATMs in the UK, Olumide Osunkoya has pleaded guilty to operating unregistered ATMs that processed ￡2.6M in transactions.
?? Sorare in Hot Water! Fantasy sports giant Sorare , which allows users to buy and sell collectible cards using NFTs, faces charges under the Gambling Act. They deny the claims, saying the FCA misunderstood their business wrongly determining gambling laws apply.
?? CZ Released! Binance ’s founder, Changpeng Zhao, has thanked supporters on X after being released from prison. He stepped back from Binance as part of his plea deal but will keep investing in blockchain, AI, biotech, and dedicate time to charity.
???? Ex-Alameda CEO Sentenced! Caroline Ellison, ex-CEO of Alameda Research, gets two years for her role in FTX fraud and must forfeit around $11 billion.
?? New Crypto Bill! The UK is introducing a bill to define the legal status of digital assets like crypto and NFTs within a new personal property category of "thing". It aims to protect owners from scams and clarify ownership in legal disputes, like divorces.
MEME OF THE MONTH
Uptober!
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