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Who’d have thunk?!

https://news.sky.com/story/crypto-hedge-fund-three-arrows-capital-plunges-into-liquidation-12642402

Apparently some HMRC “guidance” published yesterday is bad news:

https://ambcrypto.com/hmrcs-updated-defi-staking-lending-regulations-are-here-but-wheres-the-clarity/

Also interesting.

https://www.ft.com/content/1aecb2db-8f61-427c-a413-3b929291c8ac

It’s well beyond me but assume this isn’t helpful:

https://www.bloomberg.com/news/articles/2021-05-20/treasury-calls-for-crypto-transfers-over-10-000-reported-to-irs

And another:

Bitcoin: Newport man's plea to find £210m hard drive in tip

https://www.bbc.co.uk/news/uk-wales-55658942

To be fair you have no come back if you buy c**p shares or funds (or watches) that fall in value either.

Cryptoasset investing? Be prepared to lose the lot, warns watchdog
https://www.bbc.co.uk/news/business-55615514

Good opportunity to repeat the definition of crypto currencies:

"Everything you don’t understand about money combined with everything you don’t understand about computers”

https://www.bbc.co.uk/news/world-us-canada-47123371

"It has not been able to locate or secure its cryptocurrency reserves since Gerald Cotten died in December.

Cotten, 30, had sole...

I don’t, and never have, understood cryptocurrencies but this from the BBC coverage did chime with my thinking:

“What nobody seemed to reckon with was that if you could start one cryptocurrency...

Exactly! Hope you didn’t pay too much for that advice!

Not sure case law is required.

I'd be surprised if any court would say that crypto currencies should be treated differently from a traditional currency.

Certainly I think this is something of a...

Today’s news:

https://www.independent.co.uk/life-style/gadgets-and-tech/news/cryptocurrency-market-bitcoin-ethereum-price-crash-a8491001.html

I like this definition of crypto currencies:

Everything you don’t understand about money combined with everything you don’t understand about computers.