@cryptocracy 5 February 2022 more from that month

Coinbase, Taxes, NFTs, and Tether's Tongue Bitcoin broke the **$40,000 barrier** again. But is that any consolation when payment processing time is still **10 minutes**? If you still want to buy bitcoin on one of your mobile apps, CoinDesk will **make sure you know how**. https://www.forbes.com/sites/cbovaird/2022/02/04/bitcoin-breaks-free-of-its-malaise-to-surpass-the-40000-level/?sh=1c7fb05a56ac https://www.pymnts.com/blockchain/bitcoin/2022/bitcoin-10-minute-block-time-batches-fluctuating-transaction-fees-real-time-payments/ https://www.coindesk.com/learn/how-to-buy-crypto-on-the-apps-you-already-have/ CoinBase is giving users an opportunity to receive cryptocurrencies as tax refunds through a **partnership with TurboTax**. In unrelated news, they also have a **content moderation policy**—just in case Joe Rogan shows up. https://www.engadget.com/coinbase-turbotax-tax-refunds-cryptocurrency-115551748.html?src=rss&guccounter=1 https://www.protocol.com/bulletins/coinbase-content-moderation-crypto The latest development with Tether involves Coinbase. The stablecoin responded to Coinbase’s involvement. **It goes like this**: “Our reserves are a secret, so NNNNNggh!” (with tongue sticking out). So far, there’s been no response from the more mature people in the room. https://www.coindesk.com/policy/2022/02/04/tether-responds-to-coindesks-intervention-in-legal-proceedings/ MasterCard and Coinbase are **holding hands** as they stroll through the NFT marketplace, hoping to make it easier for people to buy overpriced artwork. https://www.paymentsjournal.com/mastercard-coinbase-make-nft-purchases-easier-thoughts/ Myanmar is planning to **launch a digital currency**. https://www.bloomberg.com/news/articles/2022-02-04/myanmar-plans-its-own-digital-currency-this-year-to-lift-economy China’s digital yuan shows **why we still need bitcoin**. And one U.S. senator wants to monitor China’s digital yuan **during the Beijing Winter Olympics**. After all, the roll out could be a **useful blueprint** for the West’s own digital currencies. That will undoubtedly prove useful should the Boston Reserve **share its solution** to technical challenges involving a digital dollar. https://www.cnn.com/2022/02/04/perspectives/china-digital-yuan-cryptocurrency-bitcoin/index.html https://www.reuters.com/article/marketsNews/idUSL1N2UF15J?il=0 https://www.itpro.co.uk/technology/digital-currency/362143/china-digital-yuan-cbdc-blueprint-for-west https://www.engadget.com/boston-federal-reserve-says-it-has-solved-technical-challenges-of-a-digital-dollar-111209132.html An Indian couple have a **blockchain wedding** that includes a “digital priest” and NFT vows. Is that true love or inviting future trouble? https://theprint.in/features/an-indian-couple-just-had-a-blockchain-wedding-with-vows-in-nft-and-digital-priest/821430/ The SEC has introduced crypto regulation as a trojan horse. While the **654 pages of gobbledy-gook** doesn’t mention crypto, U.S. Securities and Exchange Commissioner Hester Pierce says the legislation could be used to regulate crypto due to its expansive language. https://www.forbes.com/sites/danrunkevicius/2022/02/04/the-sec-introduces-a-trojan-horse-crypto-regulation-as-the-price-of-bitcoin-ethereum-bnb-solana-cardano-xrp-rebounds/?sh=3a70587252e8 JPMorgan Chase CEO Jamie Dimon has **quit using the word** “cryptocurrency.” He also doesn’t say “Voldemort.” https://qz.com/2122643/jamie-dimon-is-no-longer-using-the-word-cryptocurrency/ GFX Labs is accusing Tron Founder Justin Sun of a **governance attack**. https://www.coindesk.com/tech/2022/02/04/trons-justin-sun-accused-of-governance-attack-on-defi-lender-compound/ The IRS has **refunded the gains on Tezos tokens** of one couple who staked them. Going forward, the taxing agency may not tax any staked tokens. We’ll just have to see about that. https://www.marca.com/en/lifestyle/us-news/2022/02/04/61fd5999ca47416e538b4612.html Public radio and television stations are beginning to **accept donations in cryptocurrencies**. Unless they can be streamed on Netflix, I don’t see the point. https://current.org/2022/02/stations-look-to-cryptocurrency-as-new-option-for-donors/ Binance CEO CZ sent a warning to exchange users of a **massive SMS phishing scam**. He told them not to click on SMS links. Meanwhile, in Germany, Binance has **shared information** on customers with the police. The customers are suspects in a murder investigation. https://cointelegraph.com/news/scam-alert-binance-ceo-warns-users-of-massive-sms-phishing-scam https://www.taipeitimes.com/News/biz/archives/2022/02/05/2003772581 Inquiring minds ask: What constitutes **NFT theft**? https://fortune.com/2022/02/04/nft-theft-stealing-copying-right-click-save-law-lawyer/ What you need for **mining monero**. Because you know you really want to know. https://coinpedia.org/guest-post/a-checklist-to-start-mining-monero/ Phantom, a digital wallet company, has **raised $109 million**. Time for a party! https://cryptonewsbtc.org/2022/02/04/crypto-wallet-company-phantom-raises-109-million/ First published at Cryptocracy. Not financial advice. https://cryptocracy.substack.com/p/coinbase-taxes-nfts-and-tethers-tongue **Image credit:** ThePrint