Inflation is real and its coming fast!
The Gentlemen of Crypto is a daily live cryptocurrency podcast that broadcasts on YouTube. Isaiah Jackson and King Bless provide cryptocurrency analysis across a variety of blockchain news stories.
Top 3 Gains and Loses (market update) :45
- XRP (+1.18%)
- Uniswap (+4.11%)
- Shiba Inu (+18.00%)
Bakkt x Mastercard xFiserv 2:51
- Bakkt shares up 120% during Monday’s trading session (link)
- Partnership allows user to spend the crypto they hold on the platform
- Mastercard was opposed to cryptocurrency for years. Seems to had changed their position
Unrealized gains taxable? 12:30
- Janet Yallens proposes to tax unrealized gains
- If your portfolio goes up they can tax before you see the gains.
SEC to head to US stablecoin regulation + enforcement: 14:05
- Report is expected to clarify the jurisdiction of the Treasury Department and CFTF about stable tokens (link)
- Biden building a coalition with 20 other counties to “fight against crypto”
Dubai regulation 19:05
- DFSA defines investment tokens as either a “security token or derivative token”
- Working on plans for unlisted securities not covered by the investment tokens regulatory framework
Elon warns about inflation 26:33
- Musks believes we are seeing strong short term inflationary pressure (link)
- Musk, Saylor, Dorsey all stated that inflation is real
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