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Here is an interesting part of the Kraken Futures (which apparently is a Singapore subsidiary of Kraken US) Disclaimer "We are not regulated by any regulatory authority, whether in Singapore or otherwise. Accordingly, the deposits in your Account will not be considered “Customer’s Moneys” or...

So what happens if Singapore or whatever country those exchanges are using to run these btc futures markets bans those same markets? Given that Coinbase closed their markets after US pressure, this doesn't seem that unlikely

https://seekingalpha.com/article/4392315-absolute-return-partners-december-2020-letter-zombies-are-coming Zombie firms are on the rise

I'm not sure I would, not at IB. But maybe there is a low-risk way to do this with TradeStation, which I'm in the process of opening an account with

Here is a question for those that use those smaller exchanges. Interactive Brokers is a public company with a lot of capital in excess of regulatory requiments (about $6.5B in excess capital) yet, they are still rated BBB+ by the S&P. These smaller crypto sites, I'd bet all of them would be...

What did you do when the basis inverted? You closed the futures short and rode the BTC with no hedge? Or did you converted the BTC to fiat as well?

Nah, I just wouldn't risk without holding the bitcoin myself and using an exchange with a real history. I dont trust these exchanges, I dont care who backs them, unless its a soverign state. I have seen just too many exchanges dissapear overnight and clients be left holding the bag to pick up...

As a long as the returns are significantly higher than other places one can park cash in. But I'm just exploring the idea, I'm not sure I will follow up on this

I'm referring to the arb of long BTC (stored with the trader, in a hardware wallet or something along those lines) and short CME BTC futures (which typically trades at a premium). My quick calculation shows that this arb would pay 10% a year. The risks that I can think of are: -Hacking risk for...

Yes, this is makes it likely that in the next bear market, GBTC will trade at a discount to bitcoin itself. Especially given that 2% annual fee

The Fed FAILED to do that in the 1930's

Its absurd to argue that the velocity is dropping BECAUSE of the increase in the monetary base (if anything, it helps velocity to move up not down), so I assume that's not what you are saying. So if velocity is dropping for other reasons, then the monetary base can offset that drop if done in...

But yeah, they might come up with an IRS type Form people will need to file in order to send crypto to other people. And they could try to enforce it through chainanalysis as you say, but this will affect more US citizens trying to make transfers with crypto. They can still hodl with no issue...

"Some cryptos owners may be thinking this is the time to send to the exchanges and sell and pay the taxes now, rather than deal with non-kyc'ed coins later trying to explain where they got them." From what I've read about the rule, it will affect more crypto businesses like Coinbase. How are...

“Gold has no intrinsic value,” Roubini said. “If you're really worried about say inflation rising, I would buy Spam.” “You know, you can eat Spam; you cannot eat gold,” he explained. https://www.newsmax.com/jameshirsen/bill-maher-nouriel-roubini/2010/05/24/id/359913/ Roubini is just an...

I dont think this Mnuchin financial patriot act is going to do much against crypto though. People are going to figure out solutions, they can buy their coins at Coinbase/Paypal/etc. Transfer them to their own non-US based hardware wallet or to a software wallet like Electrum. Since they both...

Its funny, reading that rule they used the same reasoning it was used to pass the Patriot Act (its for your own good, terrorism is bad, we need to stop it with more laws). But the Patriot Act has largely expired as congress realized its was a mistake and it went too far. Now Mnuchin is trying to...

New FED FinCEN rule will officialize the US as a financial police state https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20201023a.pdf "The proposed modification would reduce this threshold from $3,000 to $250 for funds transfers and transmittals of funds that begin or end...

US rates are at 0%, the Fed is doing QE. QE is boosting the money suppply (both the monetary base as well as M2) Nominal GDP = M2 * Velocity While the Fed can't control velocity (although they can have some impact on it through their speeches) they have proved that they can control M2. So...

https://www.coindesk.com/coinbase-ceo-trump-administration-may-rush-out-burdensome-crypto-wallet-rules Mnuchin trying hard to bankrupt all the US wallet websites. It is starting to become more and more clear to me that the US is quickly becoming a financial/law enforcement police state. My...