LensLinks: Issue 271

Fake BlackRock XRP Filing Spoofs ETF Watchers, Crypto Traders, brought to you by Regiment LLC

Author

Len Pacek
November 15, 2023

Today in LensLinks:

  • What the IRS Gets Wrong About DeFi and Crypto in Its Latest Tax Reporting Proposal

  • Virtual Reality: Redefining the Business World Game

  • Australia Updates Its Capital Gains Tax Guidance to Include Wrapped Tokens and DeFi

  • Fake BlackRock XRP Filing Spoofs ETF Watchers, Crypto Traders

  • New Apple XR Headset “Vision Pro” Could Replace Pc's And iPhones

  • Google Pays Apple HOW Much?

  • Why a martech company is launching an all-in-one tool to simplify, measure the gaming advertising landscape

  • DeFi vulnerability leading to $6.7M exploit ‘not detected’ by auditors

  • $27 Million in Crypto Swiped From Binance-Linked Wallet

  • Blockchain Association Warns IRS: Proposed Tax Rule Could Devastate U.S. DeFi Sector

  • Alphabet Sheds Entire Stake in Trading App Robinhood

  • Decline in Bitcoin margined futures signals market shift towards stable collateral

  • Singularity: There Is No Cure for Your Cognitive Dissonance

  • And Much, Much, More…

#regimentco #

QUOTABLE

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“The Treasury Department should take additional time to understand how damaging and impractical the expanded broker definition would be to developers of decentralized technology in the U.S. Not only that, but Treasury’s proposal constitutes an infringement on the privacy rights of individuals using decentralized technology.”

- BA CEO Kristin Smith

NOTABLE

What the IRS Gets Wrong About DeFi and Crypto in Its Latest Tax Reporting Proposal

Given the negative impacts of the so-called "broker rule" for many non-custodial and open platforms, clear congressional authorization is required before the Treasury could expand the tax agency's remit, Marisa Coppel argued at a hearing.

www.coindesk.com/consensus-magazine/2023/11/14/what-the-irs-gets-wrong-about-defi-and-crypto-in-its-latest-tax-reporting-proposal

Metaverse & Gaming

Virtual Reality: Redefining the Business World Game

Explore how VR is reshaping the business landscape, enhancing training, customer service, and marketing strategies effectively.

yourstory.com/2023/11/virtual-reality-transforming-business-world

Blockchain, Tokens & DeFi

Australia Updates Its Capital Gains Tax Guidance to Include Wrapped Tokens and DeFi

Last year, the Australian Taxation Office (ATO) warned cryptocurrency investors that capital gains and losses must be reported every time a digital asset is sold.

www.coindesk.com/policy/2023/11/14/australia-updates-its-capital-gains-tax-guidance-to-include-wrapped-tokens-and-defi

Crypto Trading

Fake BlackRock XRP Filing Spoofs ETF Watchers, Crypto Traders

A fake filing that suggested asset manager BlackRock was attempting to launch an XRP ETF on Monday sent the price of XRP higher by more than 10% before the token gave back those gains. The asset manager confirmed it is not attempting to launch an XRP ETF.

www.coindesk.com/video/fake-blackrock-xrp-filing-spoofs-etf-watchers-crypto-traders

Metaverse & Gaming - a little more…

New Apple XR Headset “Vision Pro” Could Replace Pc's And iPhones. - Tech Business News

Apple's Vision Pro is a Paradigm Shift in XR replacing iPhone and Pc's. Apple’s XR headset “Vision Pro” will come with a $3,500 USD price tag

www.techbusinessnews.com.au/news/new-apple-xr-headset-vision-pro-could-replace-pcs-and-iphones

Google Pays Apple HOW Much?

Two different trials reveal some details of Google’s various deals with various platforms that they probably wish didn’t become public. Why aren’t the Fe…

www.ridehome.info/show/techmeme-ride-home/tue-1114-google-pays-apple-how-much

Why a martech company is launching an all-in-one tool to simplify, measure the gaming advertising landscape

Livewire’s Gameview product could appeal to marketers who are confused by the sheer number of available formats in the world of gaming advertising.

digiday.com/marketing/why-a-martech-company-is-launching-an-all-in-one-tool-to-simplify-measure-the-gaming-advertising-landscape/?utm_campaign=digidaydis&utm_medium=rss&utm_source=general-rss

Blockchain, Tokens & DeFi - a little more…

DeFi vulnerability leading to $6.7M exploit ‘not detected’ by auditors

Raft’s smart contracts remain suspended for the time being.

cointelegraph.com/news/de-fi-vulnerability-leading-6-7-m-exploit-stablecoin-not-detected-by-auditors

$27 Million in Crypto Swiped From Binance-Linked Wallet

A hacker stole $27 million in crypto from a Binance-connected wallet. DeFi platforms suffered the largest breaches in 2022, making up 82.1% of all stolen assets.

www.pymnts.com/news/security-and-risk/2023/27-million-dollars-cryptocurrency-swiped-binance-linked-wallet

Blockchain Association Warns IRS: Proposed Tax Rule Could Devastate U.S. DeFi Sector | UseTheBitcoin

The Blockchain Association, a prominent crypto lobbying group, has issued a stern warning to the U.S. Treasury and the Internal Revenue Service (IRS)

usethebitcoin.com/blockchain-association-warns-irs-proposed-tax-rule-could-devastate-u-s-defi-sector

Crypto Trading - a little more…

Alphabet Sheds Entire Stake in Trading App Robinhood

Google parent Alphabet has sold off all of its shares in trading app Robinhood, which has struggled amid rocky macroeconomic conditions.

www.pymnts.com/business/2023/alphabet-sheds-entire-stake-in-trading-app-robinhood

Decline in Bitcoin margined futures signals market shift towards stable collateral

Cboe Digital to debut Bitcoin and Ethereum margin futures as traders pivot to stablecoin collateral.

cryptoslate.com/insights/decline-in-bitcoin-margined-futures-signals-market-shift-towards-stable-collateral

Crypto advocacy group pushes back against proposed IRS rules on brokers

First proposed in August, the IRS proposed rules to address crypto taxes could be improved upon, according to the Blockchain Association.

cointelegraph.com/news/crypto-advocates-proposed-irs-rule-brokers

The Singularity:
AI, Quantum Computing, Robotics, Bio-engineering & Other Stuff on the way

There Is No Cure for Your Cognitive Dissonance

Progress? What progress?

www.psychologytoday.com/us/blog/the-romance-of-work/202311/there-is-no-cure-for-your-cognitive-dissonance

ESG (Environmental, Social & Governance)

Dr. Doom Embraces What He Once Scorned: Nouriel Roubini's Firm Rolls Out Crypto Amidst Criticism – Bitcoin News

It appears that Atlas Capital, under Roubini's leadership, is confidently introducing a new crypto asset known as atlas (ACT).

news.bitcoin.com/dr-doom-embraces-what-he-once-scorned-nouriel-roubinis-firm-rolls-out-crypto-amidst-criticism

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Disclaimer: This note is distributed by Regiment, LLC for informational purposes only and is sourced from publicly available media reports. It is not an investment recommendation or solicitation for any investment. The information is current as of date and subject to change. In such case Regiment, LLC does not undertake to provide any updates. Recipients must be aware that any private, alternative investments discussed are speculative in nature, often illiquid, and subject to loss of capital.