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  1. BMK

    Congress demands more oversight in Gary Gensler in SBF connection...

    The SEC's position is that most tokens, including BNB, are securities. If it is a security, then it is unlawful to intentionally manipulate the price. Wash sales, in this context, means buying and selling securities, i.e., tokens, to and from yourself, or to another business entity that you...
  2. BMK

    The billionaire's way to die: 12K feet underwater

    This article from The Guardian offers some interesting insight on why the world was so captivated by this incident. The author briefly addresses the imbalance in media attention when compared to the ship carrying refugees that went down near Greece. While you may not agree with all of his...
  3. BMK

    Congress demands more oversight in Gary Gensler in SBF connection...

    I may have posted this earlier in a different thread, but I don't think so... I've attached a very interesting Bloomberg piece by Matt Levine, in which he offers his opinion about how and why the SEC cases against FTX, Coinbase, Binance, and Bittrex each have very different facts and circumstances.
  4. BMK

    Trader accounting

    If your trading is a "side hustle," then it may not meet the criteria established by the IRS to be a trader for tax purposes. You should start by reading the section of IRS Publication 550 that explains the rules. There is no bright-line test that determines whether you qualify as a trader for...
  5. BMK

    The billionaire's way to die: 12K feet underwater

    Are you smoking something? How would a stablecoin have changed the outcome of this expedition? - - - Okay, wait a minute... Nevermind
  6. BMK

    Dumb Money: Documentary about GameStop

    Interesting Bloomberg article about a film that is slated for release in September
  7. BMK

    Congress demands more oversight in Gary Gensler in SBF connection...

    I got the idea for a crypto version of tulips from those guys at OceanGate If we get it listed, the symbol would be BUBL No, wait... BULB. That's what I meant. That was a typo
  8. BMK

    Congress demands more oversight in Gary Gensler in SBF connection...

    @Tokenz Do you know how to launch a new coin? I got a great idea I want to launch a utility token that can be used to buy rare tulip bulbs
  9. BMK

    I ordered the ultimate office furniture set

    Are you an oak man?
  10. BMK

    Gift tax for non-residents on cash transfer between US brokerage accounts

    I was not an IRS employee. I do hold a license issued by the IRS that allows me to represent taxpayers in adminstrative proceedings such as audits, appeals and collection cases. I am not a CPA. Certified public accountants in the USA are licensed by the states, just like doctors and lawyers...
  11. BMK

    Oxford Lane Capital Baby Bonds

    It isn't expected to go up dramatically. It's a bond, not a stock. That may well be the case. But that's going to happen anytime you buy a bond and then interest rates go up. If you hold to maturity, you get the face value (assuming the issuer does not default). The guy gets good reviews on...
  12. BMK

    Oxford Lane Capital Baby Bonds

    I don't want to trade bonds. I want to hold to maturity. These look like a good yield without a lot of risk. The author of the article thinks they are underpriced. I'm curious what other people think.
  13. BMK

    Oxford Lane Capital Baby Bonds

    Yes, I saw that. The author of the article even points out that the CDOs held by Oxford Lane are often thought of as very risky. But he then lays out various reasons he thinks that these bonds have almost no chance of default. Do you think there is serious risk?
  14. BMK

    Congress demands more oversight in Gary Gensler in SBF connection...

    Yes, but that does not happen often, and when it does, it is completely unrelated to the merits of the underlying case, and has no connection to whether the claims in the lawsuit are true. And when it happens, the person can almost always get out of jail by simply complying with the court...
  15. BMK

    Congress demands more oversight in Gary Gensler in SBF connection...

    Why does Huizenga expect the SEC to produce documents related to "the time of the charges and arrest" of SBF? The criminal charges, and the arrest, were brought by the US Department of Justice--not the SEC. The end of the article notes that the SEC has "filed separate civil suits against SBF."...
  16. BMK

    Oxford Lane Capital Baby Bonds

    Interesting article from Seeking Alpha... Anyone own any of this stuff, or care to offer their thoughts?
  17. BMK

    I ordered the ultimate office furniture set

    That looks like a bed... Do you plan on sleeping in your office? Or is this how you address the question "Can you sleep at night?"
  18. BMK

    SHFE listed Aluminum Oxide Futures

    Wow, did not know about these. This will be a great tool for hedging the supply chain for the industrial light bulb factory we just bought in Taiwan.
  19. BMK

    Crypto Investors Play Rough

    Example #1 Just below the last photo, it says: a piece on Medium saying they had been “illegally obtained” and “spliced out of context,” and he denied being in cahoots with Ava Labs. That's not a complete sentence. It starts with lowercase, lacks a grammatical subject. Something is missing...
  20. BMK

    Crypto Investors Play Rough

    The article is very interesting, but it was not copied and pasted properly. Some important sentences are only fragments.
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