Blockchain

Welcome to Blockstars Web3 Weekly Podcast

We will be talking about everything Web3 and Blockchain. Apart from the weekly Podcast, we will also use this platform to include keynote speeches our team presents. We will keep this light and fun, and easy to listen to. We will dive deep into the technology from time to time, but our goal is to educate and bring all of you on the Web3 journey with us.

We will talk about popular technologies such as Blockchain, Development, NFTs and Crypto, and please be advised whatever is spoken about here is not financial advice.

In this episode we speak with Nicholas who is the founder of Countdown Sheep a crypto taxation expert. This episode covers Nicholas’s transition from being a digital marketing professional to founding Countdown Sheep: a company that assists people and enterprises in the management of their cryptocurrencies and tax optimisation in the US, Europe, and Australia. Nicholas explains the complexities of the crypto taxation, how the big global firms are not equipped to deal with crypto taxes, and why a tailored made approach like Countdown Sheep is needed.

00:00 – Introduction to & What is Countdown Sheep?

03:40 – Global Crypto Tax Challenges

05:50 – Nicholas’s Journey from Digital Marketing to Crypto Taxation

07:30 – Crypto Taxation and the Role of Compliance

09:15 – Personal Crypto Investment Experiences

12:00 – The Importance of Digital Asset Reconciliation

14:30 – Tax Strategies: Minimising Liabilities Legally

16:40 – Navigating Cross-Border Crypto Taxes (US, Europe, Australia)

19:30 – Professional Crypto Accounting vs DIY Software

23:00 – Challenges Faced by Crypto Investors

26:00 – B2B Crypto Accounting for Businesses

29:15 – Nicholas’s Entrepreneurial Journey

32:40 – Crypto Tax Strategies: Tax-Loss Harvesting

37:20 – Shoutouts and Final Thoughts from Nicholas

41:00 – Conclusion and Takeaways from the Episode

Key Topics:

Comparing Do-It-Yourself Crypto Tax Software and Professional Service

Knowing the life story of Nicholas who has switched from digital marketing to crypto tax solutions.

This covers tax efficiency techniques such as cost-basis models as well as tax-loss harvesting.

How crypto accounting has to be different as a discipline for businesses and individual investors.

Nicholas is the founder of Countdown Sheep which focuses on providing solutions on crypto taxes.

Why crypto portfolio managers must pay attention to digital asset reconciliation.

Experienced accountants’ versus DIY cryptocurrency tax software for handling complicated tax situations.

Nicholas story of moving from digital marketing into the world of crypto accounting.

Topics such as tax loss selling and the right cost basis method of taxation.

Thought-Provoking Questions:

What can the global crypto investors do to ensure that they are on the right side of the law as regards tax compliance in different countries?

This paper aims at identifying the following: how does digital asset reconciliation contribute to accurate and compliant crypto tax reporting?

What strategies can the crypto investors use to ensure that they are making the most returns while at the same time being tax compliant?

Blockstars Technology is a blockchain development company with over 70+ people based in Australia Gold Coast

Blockstars can help you develop your Blockchain/AI project from idea to going live no matter what stage you’re in! With a team of experts in many different blockchains and a commitment to providing nothing but top quality services, Blockstars is your one stop shop for those seeking to launch a successful Web3, blockchain or AI projects.

Hope you guys Enjoy this light hearted episode! Tell us what else you would like us to cover on Blockstars Web3 Weekly.

Make sure to go check out our website for more info! https://blockstars.com.au

Also you can Tweet us on at X @blockstars_tech

Or drop us an email at: hello@blockstars.com.au

Blockstars Web3 Weekly Podcast Ep.86 Mastering Crypto Tax Strategies with Nicholas Slettengren

In this episode, Will Knottenbelt, Professor at Imperial College London, and Catherine Mulligan, Research Fellow at Imperial College London, both co-directors of the Imperial College Centre of Cryptocurrency Research and Engineering, describe key developments in Blockchain that will influence economic and social digital transactions and structures.

David Sønstebø, co-founder of IOTA, discusses this next-generation post-blockchain platform designed to serve as the backbone for the Internet-of-Things (IoT).

IOTA is a groundbreaking new open-source distributed ledger that does not use a blockchain. Its innovative new quantum-proof protocol, known as the Tangle, gives rise to unique new features like zero fees, infinite scalability, fast transactions, secure data transfer and many others.

Because the Tangle uses a Directed Acyclic Graph (DAG) instead of a blockchain, users automatically act as validators, allowing transaction validation to become an intrinsic property of utilising the network. Each transaction requires the sender to verify two previous transactions, resulting in infinite scalability while avoiding the validation centralization that is common with existing consensus mechanisms.

IOTA is also developing a novel standard for embedding minuscule ASIC chips in all IoT devices. These chips perform nominal proof-of-work hashes in order to prevent spam and Sybil attacks, and because the network is partition-tolerant and only eventually consistent, brute force hashing attacks are prevented.

With a transaction volume limited only by the speed of light, IOTA is a promising new solution to the limitations presented by blockchains.


iota.org
twitter.com/iotatoken
twitter.com/davidsonstebo

consensys.net
consensysmedia.net
etherreview.info
https://itunes.apple.com//podcast/the-ether-review/id899090462?mt=2

IOTA white paper: iota.org/IOTA_Whitepaper.pdf
Directed Acyclic Graph: https://cdn-images-1.medium.com/max/800/1*F-rjJqQ1PyF8dOnjOaiLFg.png

Ether Review #69 — IOTA & the Post-Blockchain Era

Ether Review #69 - IOTA & the Post-Blockchain Era

Before becoming the CEO of Block.io, Atif Nazir talks about building the #2 application on Facebook and his major success after challenges being a Bitcoin “believer” before the crypto-craze. Among speaking on society's  acceptance of technological advancements, Nazir shares advice on taking the complexity out of crypto and simplifying it as an entrepreneur to reach success.

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We Sit Down With Early BlockChain Entrepreneur and Founder of the #2 Facebook Application

Welcome to Web3 Weekly by Blockstars, hosted by the Blockstars team. We will be talking about everything Web3 and Blockchain. Apart from the weekly Podcast, we will also use this platform to include keynote speeches our team presents. We will keep this light and fun, and easy to listen to. We will dive deep into the technology from time to time, but our goal is to educate and bring all of you on the Web3 journey with us. We will talk about popular technologies such as NFTs and Crypto, and please be advised whatever is spoken about here is not financial advice.

Blockstars Web3 Weekly Podcast Ep.86 Mastering Crypto Tax Strategies with Nicholas Slettengren

Blockstars Technology

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