Crypto Update with Shehan Chandrasekera & Dr. Sean Stein Smith

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 Get in Touch Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary . Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes , or Podchaser . Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus , and NOW, you can see our smiling faces on Instagram ! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040 Need Accounting Conference Info? Check out our new website - accountingconferences.com Limited edition shirts, stickers, and other necessities TeePublic Store: http://cloudacctpod.link/merch Subscribe Apple Podcasts: http://cloudacctpod.link/ApplePodcasts Podchaser: http://cloudacctpod.link/podchaser Spotify: http://cloudacctpod.link/Spotify Google Play: http://cloudacctpod.link/GooglePlay Stitcher: http://cloudacctpod.link/Stitcher Overcast: http://cloudacctpod.link/Overcast Classifieds Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the show notes for the link to get more info and be sure to check out our special stimulus pricing of four episodes for just $100. Full Transcript Available Upon Request - ...