laurishin is a crypto journalist and hosts the crypto podcast unchained formally a senior editor at forbes. she was the first mainstream journalist to cover crypto full-time. and is the author of tonight's featured book. joining laura in conversation is christine lee christine lee anchors and produces first mover at 9 am eastern standard time in nyc every weekday live coin desk tvs flagship show and first look at the day's global crypto news headlines. she also hosts all about bitcoin at 3pm eastern standard time for markets analysis and all things. btc coin desk is the leading news event and data provider for the blockchain. and digital assets industry previously christine worked at thomson reuters, bloomberg and propublica her research and writing on nuance abatement laws contributed to an investigative series. that was awarded the 2017 pulitzer prize for public service and led the new york city council to pass sweeping changes to the law. you can follow her on twitter at christine news. so without further ado, please join me in welcoming laura and christine to the stage. hi. i did such

laura shin is a crypto journalist and hosts the crypto podcast unchanged. formerly a senior editor at ht forbes she was the first mainstream journalists to cover crypto full-time and isra the author of tonight's featured book . joining laura in conversation is christine lee. christine lee anchors and produces first mover 9 am eastern standard time in nyc s every weekday live . f joining the flagship show first look at today's global crypto news headlines. she also was all about that point at first p.m. eastern standard time for markets and all things bpc. klein desk is the leading news event provider for the block chain and digital asset industry. previously christine worked at reuters, bloomberg and pro-public. her research and writing on a nuanced statement lost contributed to an investigative series was awarded the 2017 point surprised in public service and led the new york city ci council sto enact sweeping changes to law. you can follow her on twitter at christine news. so without further ado please join me in welcoming laura and christine to the stage

for crypto trades. when i show x r p in exchange for a theory. and they won't tax that wait till someone receives traditional fee on currency, which is just like o fray, a term referring to cash. so 30 percent of the net gain or the with you. if you buy it asked for a 100, you saw what per 7 or 80 i have 20 again. so applying 30 percent the tax is similar to what many countries do. i would say that what is more than what some countries do is many countries will give you a reduction where if you lose money on a sale, there will be a deduction, a capital loss that you can use against similar types of gauge in the, in the proposal you're not allowed to do that. so i think that is a departure from some other countries where they also approach. and then i would say the one percent tax deduction source is also a departure from what you see in other countries. so that in effect, but it is creditable against the 30 percent again, but that is a different increase. so the one percent of tax deductible at the sour

laura shin is a crypto journalist and hosts the crypto podcast, unchained. formerly a senior editor at forbes, she was the first mainstream journalist to cover crypto full-time. joining lore is a christine lee, first mover at 9 a.m. eastern standard time at nyc every weekday live. the flagship show and first look at the day's global crypto news headlines. she also hosts all about bitcoin at 3 p.m. eastern standard time for markets analysis and all things bct. coin desk is the leading news and provider for the block chain and digital assets industry. previously christine worked at thompson reuters, bloomberg and pro publica. >> and the abatement laws, on a pulitzer prize for public service and sweeping changes to the law. follow her on twitter at christine news. without further ado, please welcome me in joining christine and laura to the stage. [applause] >> hi. >> hi. >> hi, this is such a pleasure and an honor to be here with you all and to be a moderator for laura's and your new book. i've been a fan of laura's since you were forbes senior editor. >> well,

laurishin is a crypto journalist and hosts the crypto podcast unchained formally a senior editor at forbes. she was the first mainstream journalist to cover crypto full-time. and is the author of tonight's featured book. joining laura in conversation is christine lee christine lee anchors and produces first mover at 9 am eastern standard time in nyc every weekday live coin desk tvs flagship show and first look at the days global crypto news headlines. she also hosts all about bitcoin at 3pm eastern standard time for markets analysis and all things. btc coin desk is the leading news event and data provider for the blockchain. digital assets industry previously christine worked at thomson reuters, bloomberg and propublica her research and writing on nuance abatement laws contributed to an investigative series that was awarded the 2017 pulitzer prize for public service and led the new york city council to pass sweeping changes to the law. you can follow her on twitter at christine news. so without further ado, please join me in welcoming laura and christine to the stage. hi. i did such a plea

normally you would buy an end of t with crypto currency. so let's say one of our viewers wants to go buy an an a t 1st. you would go and take your fia currency, whether it's dollars or euros or rupees, and go to a crypto currency exchange and convert it into crypto currency that you would put in your digital wallet. then you would go to an, an f t market place that's online. something like open sea is a really popular one. you'd connect your wallet into there, and then you would be able to browse through all the different collections and select the and if you want to bid on it. now anyone in the world can still see that on a t. they could even take a screenshot of it, make a print out, put it on their wall, they could tweeted out and say this is mine, but in theory you are the one true owner of it because you have a digital certificate that stored on block chain, which is that public digitalized ledger that exists on a network of decentralized computers around the world and any changes to it can be easily detected. it sounds like a lot of s

normally you would by and and of t with crypto currency. so let's say one of our viewers wants to go by an, an a t 1st. you would go and take your fia currency, whether it's dollars or euros, or repeat, and go to a crypto currency exchange and convert it into crypto currency that you would put in your digital wallet. then you would go to an, an f t market place that's online. something like open sea is a really popular one. you'd connect your wallet into there, and then you would be able to browse through all the different collections and select the and if you want and bid on it. now anyone in the world can still see that on a t. they could even take a screenshot of it, make a print out, put it on their wall, they could tweet it out and say this is mine, but in theory, you are the one true owner of it because you have a digital certificate that's stored on block chain which is that public digitalized ledger that exists on a network of decentralized computers around the world. and any changes to it can be easily detected. it sounds like a lo

crypto currencies for the most part in the green today. crypto, crypto. i don't think so. if you are not sure what it is. or what you are supposed to do with it. in the next seven minutes, you will learn everything there's to know about crypto. if it's possible to learn in seven minutes. it's as easy as one, two, three. four, five, six, seven, eight, nine. number one, bitcoin was only the first crypto. crypto is short for crypto currency, bitcoin was the original one and it's still by far the most popular. there's 10,000 different crypto currencies. anyone can start one up. they are purely digital currencies. if you go to google images and type in bitcoin, you get thousands and thousands of pictures of physical metal coins. don't be fooled the only place you can see it is on the phone or computer screen, the only cash register is the internet. and number three, crypto is not easy to spend. this is another reason why bitcoin is not a regular currency. for now, you will have a hard time spending it. >> it will be $9.79. >> do you take bitcoin? >> unfortunately we don't. >> d

lor is a crypto colonels and hosey crypto podcasts unchain formerly a f senior editor she s the first mainstream journalists to cover crypto full-time and is the author tonight's featured book joining lauren conversation kristine anchors and produces first mover at 9:00 a.m. standard time nyc every weekday live coin tvs a flagship show and first looked at the days of global crypto news headline she also posts all about bitcoin at 3:00 p.m. eastern standard time market analysis and all thingsne bbc. coin desk is the leading news event data provider for the block chain and digital asset industry. previously kristine worked at thomson reuters, bloomberg and pro public. her research and writing on nuance abatement laws contributed to an investigative series that was awarded the 2017 pulitzer prize for public service. and lead the new york city council to pass sweeping changes to the law. you can follow her on twitter at kristine news. so without further ado please join me in welcoming laura and kristine to the stage. [applause] [applause] >> hi. >> hi it is such a pleasure and honor to be

i just know that when i have a lot of random friend to know it is easy to make money in crypto, crypto made a lot of money in it. this stuff is real. you might see a drawdown of 80 or 90%. i think it is here to stay. it is really volatile. when i saw tesla was enabling you to do bitcoin. i thought that was super cool. you can take a currency and use it for an exchange of goods and services. the reason they got rid of it is these currencies are just too volatile. the biggest u.s. dollar move ever is 1.5%. things are too volatile right now. >> interesting monologue there. we will see how you put your money to work. once the fed takes a pause, bitcoin could take off again. or in his words, bitcoin goes to the moon. noah leads galaxy digital holdings in miami. bitcoin will eventually hit a price of $1 million. coming up, bitcoin 2022 is in full swing in miami. we will catch up on what is going on. more on that next. this is bloomberg. ♪ >> he really truly understands the value of cryptocurrency. whether it be bitcoin or dogecoin. he knows the value of open source network. but i will thin

for crypto trades. when i show x r p in exchange for a theory and they won't tax that. they'll wait till someone receives traditional fee on currency, which is just a phrase, a term referring to cash. so 30 percent of the net gain or the with you, if you buy it asks for a 100. you saw what per 7 or 80? i have 20 again, so applying 30 percent the tax is similar to what many countries do. i would say that what is more than what some countries do is many countries will give you a reduction where if you lose money on a sale, there will be a deduction, a capital loss that you can use against similar types of gauge in the, in the proposal you're not allowed to do that. so i think that is a departure from some other countries where they also approach. and then i would say the one percent tax deduction source is also a departure from what you see in other countries. so that in effect, but it is creditable against the 30 percent again, but that is a different increase. so the one percent of tax deductible at the

for crypto trades. when i show x r p exchange for a theory and they won't tax that, they'll wait till someone receives traditional fee on currency, which is just like o fray a term referring to cash. so 30 percent of the net gain or that with you. if you buy it asked for a 100, you saw what for 70 or 80? i have 20 again. so applying 30 percent the tax is similar to what many countries do. i would say that what is more than what some countries do is many countries will give you a reduction where if you lose money on a sale, there will be a deduction, a capital loss that you can use against similar types of gains in the, in the proposal you're not allowed to do that. so i think that is a departure from some other countries where they also approach. and then i would say the one percent tax deduction and source is also a departure from what you see in other countries. so that in effect, but it is creditable against the 30 percent of again, but that is a different increase. so the one percent of tax deductib

for crypto trades. when i show x r p exchange for a theory and they won't tax that, they'll wait till someone receives traditional fee on currency, which is just like o fray a term referring to cash. so 30 percent of the net gain or that with you. if you buy it asked for a 100, you saw what for 70 or 80? i have 20 again. so applying 30 percent the tax is similar to what many countries do. i would say that what is more than what some countries do is many countries will give you a reduction where if you lose money on a sale, there will be a deduction, a capital loss that you can use against similar types of gains in the, in the proposal you're not allowed to do that. so i think that is a departure from some other countries where they also approach. and then i would say the one percent tax deduction source is also a departure from what you see in other countries. so that in effect, but it is creditable against the 30 percent of again, but that is a different increase. so the one percent of tax deductible a

seen around crypto? >> great to be back on the show. thank you for having me on to discuss the global report and all things crypto. there has been so much buzz about crypto over the past year. we were really excited to dig into the action data. our survey looked at 30,000 respondents. first, increased adoption globally. 2021 was a big year. about half of the people bought their first crypto in 2021. second and interestingly we saw that in addition to increased ownership we saw orville broadening of the base on crypto investors with more women and diverse investors coming into the space. finally, consumers worldwide continue to seek out more education and regulatory problems concerning digital assets. >> it looks like they had some big uptick. where are you seeing the most adoption right now? >> we are seeing the most interest in developing countries where there is historical currency and instability. our theory is that where your currency is stable, crypto may be something to help diversify your portfoli

normally you would by and and of t with crypto currency. so let's say one of our viewers wants to go by an, an a t 1st. you would go and take your fia currency, whether it's dollars or euros or rupees, and go to a crypto currency exchange and convert it into crypto currency that you would put in your digital wallet. then you would go to an, an f t market place that's online. something like open sea is a really popular one. you'd connect your wallet into there, and then you would be able to browse through all the different collections and select that. and if you want to bid on it, now anyone in the world can still see that on a t. they could even take a screenshot of it, make a print out, put it on their wall, they could tweet it out and say this is mine. but in theory, you are the one true owner of it because you have a digital certificate that stored on block chain, which is that public digitalized ledger that exists on a network of decentralized computers around the world. and any changes to it can be easily detected. it sounds like a lot

crypto indexing region, the in the really rank top. so india is a major section for bo and, and it will have a material impact that we're seeing test reports now that some exchanges are seeing 30 to 70 percent drops in volume. i would say that unlike other asset classes, the market for trading crypto is global. so if somebody has a choice between jurisdiction a trade and jurisdiction be and the tax is different, then they'll go for that other jurisdiction. right? there is concern about the asian writer. i mean, will it be easy to track given the nature of the transactions? so there are technologies that one can determine where some, where trading occurs. the 30 percent tax assuming that the tax applied at the individual level in india will tax indian taxpayer. but the taxing that was whether they're trading was your exit or which or trading coin base, say us or coin, which is not indian. this attaching the same, the person would, may choose, may choose to chick tray or the foreign exchange is not in the exchange. if the terms of invasi

for crypto trades. when i show x r p in exchange for a theory and they won't tax that. they'll wait till someone receives traditional fee on currency, which is just like o fray a term referring to cash. so 30 percent of the net gain or the with you divide asset for a 100, you saw what for 7 or 80, i have 20 again. so applying 30 percent a tax is similar to what many countries do. i would say that what is more than what some countries do is many countries will give you a reduction where if you lose money on a sale, there will be a deduction, a capital loss that you can use to get similar types of gauge in the, in the proposal you're not allowed to do that. so i think that is a departure from some other countries where they also approach. and then i would say the one percent tax deduction source is also a departure from what you see in other countries. so that in effect, but it is creditable against the 30 percent of again, but that is a different increase. so the one percent of tax deductible at the sour

they could drive down prices. crypto is global. so if somebody can get other prices in the jurisdictions in the use of major market, it could have a depression or reducing a depressing price on, on, on crypto. indeed, i would say that you could have non indian traders come in and, and see that the one percent is acceptable and they'll come in and perhaps drive up the price of that goes to be determined. thank you so much for talking to us about this sponsor of raja brown joining us from new york. thank you for your insight. thank you. and that is our show for this week and get in touch with us by tweeting neat at for you by a j e. and do use a hash tag, a j ctc. when you do or drop us an e mail counting, the calls that aren't 0 dot met is on track. but there's more for you online at al jazeera dot com slash ctc that will take you straight to our page, which has individual reports, links, and entire episodes for you to catch up on. that's it for this edition of counting the cost some fully back to go from me and the whole team heari

jo ling kent now on the women of crypto >> reporter: sarah monson is the opposite of a crypto bro. >> so many people think to get into crypto that you have to be an expert. do you understand it all? >> no. not at all and i still don't. and i never will >> reporter: she's a 44-year-old mom, an unlikely player in the fast-moving world of cryptocurrency >> my sister and her husband were super into it and i didn't understand it. so i happened to have a little money to give to her and said just invest it, i trust you. >> reporter: today she says her stakes in bitcoin and ethereum, the two most popular digital currencies, are up 50%, and monson is hooked now she spends ten hours a day immersed in crypto, listening to podcasts, reading articles, and messaging with other crypto enthusiasts on social media. >> i started to understand the blockchain and crypto more when i got into nfts. >> reporter: she's come to los angeles from her home in hawaii to attend a conference meeting and collaborating with other moms in crypto >> i'm a mom mom, mom >> she's my new bestie but we met on sunday. >> rep

we call it crypto twitter. crypto topics are trending on crypto twitter because of the volume of users there. kristen: crypto twitter is a real thing. twitter enables developers all across the globe to debate whether or not they should make technological changes to open source networks. it's a forum for this kind of debate. it's a public commons for exchanging ideas and a way for people that have targeted and narrow interests to find one another and build a community. the crypto community uses twitter perhaps more so than any other community or ecosystem out there. it's an incredibly powerful tool for the crypto community. if you look back to last summer in august, we had over 40,000 phone calls generated to the u.s. senate over the course of five days because they shared a link on twitter and it went viral, and you had crypto twitter influencers, members of the house and senate tweeting these links and celebrity influencers and business leaders, this is a tool for political activism and a tool for sharing and

emily: i want to turn to crypto because you have back some of the biggest crypto names out there, why do you think we are seeing such hesitance on the part of investors amid this downturn? there was a thought that cryptocurrencies could be decoupled from traditional equities on the but we are not seeing that. >> i actually, i guess it depends on the day. emily, we caught up december last year, and i actually predicted for the last five years that three crypto winters, and i swear to god, every january, there is a downturn in but particular with bitcoin, but i have not said that in the past few days as the crypto market rallied again. so there are a few things come in 2021, it has been record high in terms of early-stage crypto venture, and just look at ftx loan, the revenue has been insane, and in some sense, i think the biden administration, you certainly, the white house can't say i won certain things to happen to they really have, give their blessing in some sense. we still need to wait for all the agencies to give the official to regulators, but at the same time, i do think we are

there is no doubt, crypto is hot. in the scenes that black and brown feel are fueling some of the heat. a harris poll last year say a quarter of black adults own some crypto currency compared to 11 pars of white people. what is behind historically marginalized communities, black and brown once kept out of wealth-building financial systems. it's happening in upstart digital currencies. >> the thing about freedom is it spreads quickly. when people realize how they can get free. people will do things to get more free. even if that means getting into something that might be a little more risky. >> reporter: on a chilly day in d.c., a small enthusiasts and entrepreneurs of crypto came together to raise the awareness as a means of financial freedom for black and latino communities. niga roberts the founder and ceo of crypto black club, one of a few brick and mortar crypto exchanges in the country. she is traveling to 41 cities in 45 days, hitting non-white communities to educate them about crypto. >> i found myself young ha

coming up, 2021, it was crypto's breakout year. we're going to talk with gemini coo noah perlman about their new report on global crypto trends, and what is to come in 2022. this is bloomberg. ♪ s is bloomberg. ♪ emily: time for our crypto report now. with bitcoin not being the lead here. a sign of a broadening rally in digital tokens. while bitcoin over the same period remains a little changed and still trading within a tight range. i want to talk about this much more with noah perlman, chief operating officer of the crypto platform gemini. great to have you with us. what is your take on what is happening in crypto markets at the moment, given all of the buzz and activity we have seen around crypto specific to the war on ukraine? noah: emily, great to be back on the show and thank you so much for having me on to discuss gemini's global report and all things crypto. you are right, there has been so much buzz about crypto over the past year, and we were really excited to dig into the actual data to dig into trends and adoption,

emily: time now for our crypto report. she was saying it's a good thing for twitter that elon musk is on board. i want to dig into the story with sonali basak. once you hear how the cryptocurrency is digesting elon musk joining the board of twitter, he has been such a loud figure in the community. there's a huge crypto community on twitter and the future of twitter could be more decentralized. >> it was interesting to hear her talk about it from the decentralized social network standpoint. you can also think about it from a commerce standpoint. twitter has already started to integrate pieces of the lightning network to make things possible through the network which is very popular when it comes to bitcoin and payment transfers. the idea of decentralizing social media, there are a lot of projects out there that people try to use when it comes to media and decentralization. there is still -- they are still in early days. emily: stay with us, i want to bring in our next guest live from miami. the ceo and chairman of ledger. g

we call it crypto twitter. crypto topics are trending on twitter because of the volume of these users there. kristin: crypto twitter is a real thing and it is interesting because what you have, twitter enables developers across the globe to debate whether or not they should make technological changes to open source networks. it is a forum for this kind of debate and it is a public comment for changing -- exchanging ideas and people that have very targeted interests to find one another and build community. i think the crypto community uses twitter more than any other community out there. it is also a powerful tool for the crypto community. we think back to summer last august and we had over 40,000 phone calls generated to the u.s. senate over the course of five days because they shared a link on twitter and it went viral and you have crypto twitter influencers, members of the house and senate tweeting these links, celebrity influencers, business leaders. this is a tool for political activism and a tool for shari

crypto holders didn't know that using crypto to buy something could also trigger attacks. >> good news is the i.r.s. really can't keep track yet. >> there was legislation require those forms to be sent to the government, but that doesn't take effect until at least 2023. >> so, kellie, still a lot of time to investors to learn this, but you've got to know the disposal rule. >>> we'll be right back. >>> welcome back to "power lunch. i'm seema mody with your cnbc news update. in michigan, a mistrial has been declared in the case of two men leading a plot to kidnap governor whitmer two others have been acquitted >>> a top u.s. defense official says they're not buying denials from the kremlin for responsibility for a deadly attack on a train station in ukraine. the official says russia used a short-range missile in the attack that killed at least 50 people. >>> food prices jumping to their highest levels going back to 1990s, according to the united nations. much of the increase was driven by rising costs of grains. >>> and lebron james will miss the last two games of the season the lakers s

our crypto and remitter sonali basak here for more. sonali: defi here is supposed to be the big bank killer, the big wafer appeared to pure transactions to happen outside of the normal financial system. it was also the big trade that mike novick read said would be the big trade for this year. but it has been down quite a bit. if you look at the defi index we have between bloomberg galaxy, it is down almost 72% on the year. it tracks bitcoin to some degree, although the moves are much more volatile. bitcoin is up 2%. you also have a rise in other defi assets. so it's time now to dive deeper into how defi is changing among the asset classes. emily: stay with us. we will move into a defi exchange infrastructure provider that just raised $70 million. here to join us, a greylock partner joining us from the crypto conference in the bahamas. what is the mood in the bahamas in the crypto community? >> it's great to be here. there is a lot of innovation happening. what has been interesting is seeing the confluence of crypto entrepreneurs, inves

overnight and into your thursday >>> the bitcoin boom is leading the charge as miami pushes to become the crypto currency capital of america >>> and along with major league baseball's opening day we're also live in augusta where tiger woods will tee off in just a few hours at the masters a busy thursday ahead. "early today" starts right now good morning i'm steven romo >> glad you're with us i'm frances rivera in just a few hours the u.n. will hold another emergency session over russia's war in ukraine. the united states is among the countries leading the push for moskow to be removed >> well, overnight ukraine's president volodymyr zuzelensky accused russia of trying to hide evidence of war crimes he said as an effort to interfere with international investigations the evidence of russia's brutality is, unfortunately, growing each and every day >> reporter: steven, that's right. the mariupol city council saying the conservative estimate -- the conservative estimate is 5,000 people have been killed in that city along with 200 children but given the size of mariupol it's very possible that the rea

the adoption of crypto, this is bloomberg. ♪ caroline: time for our crypto report, the ethereum merge will be completed after june. let us bring in our contributor for more on this. talk to us about how this might be done in a few month's time. >> this is highly anticipated and we have one of the leading software developers tweeting that this will likely be a few months after june. no firm date yet but that we are in the final chapter of proof of work on ethereum. bitcoin evangelists have concern about group roadwork and the debate around energy consumption here. this could be a game changer for ethereum that also has more than 100 projects the art contingent on this merge -- are contingent on this merge. caroline: we brace ourselves to have it in the sun again? >> we were talking about how alternative coins were selling more than bitcoin. we see bitcoin rise again, we are saying that on the others. there are some alternative coins that are rising at an even faster pace than bitcoin and if you track the group of 100 alternative coins, the group of 100 is actually also rising at a fast

there is an enormous amount of revenue that is being garnered through crypto currency. so a, as part of this action, the department of justice going after the crypto currency market place is seizing this illegal marketplace that exists on the dark web. not going into a lot of detail of how that occurs. but saying that this a does account for about 80 percent of the traffic that occurs on the dark web in this crypto currency market place is. so this is obviously significant. we also know and this is not new, this has been going on for some time. and you heard the deputy attorney general lisa monaco talking about this is that the u. s. government is continuing to seize the assets inside the united states, our russian oligarchy. this includes property, this includes yachts, this includes fancy cars and apartments and real estate. so that is still ongoing. so get a clear picture of what this effort looks like, what the u. s. government is doing, and they're promised to continue doing this. why? because they are horrified as the world is of these latest images that are conti

at a bar he said there was demand to pay in crypto. he said the group tends to be younger and he said they tend to spend more >> i think it's a cutting edge thing. just like ten years ago when somebody would pay with a black am >> people in south florida are buying more expense itch items in crypto as well. a man who sells yachts said he has sold more than a dozen in bitcoin, half last year. >> there are more let's get out there and do things with the crypto crowd we have we love to see people take a yacht and go places exciting than hanging out at a marina >> so risk takers? >> yes, younger, more adventurous and doing things that haven't been done before. >> and this might look like your average pickium basketball game, but you have to own a certain crypto currency to get in. the sunday game is where networking and deal making happens. when it started the price was $200, but it is now $1200. people have compared this to silicon valley a couple decades ago. one investor likened it to freshman year of college there is excitement and peo

during the last crypto ico boom, we saw crypto's waking out. they restricted a lot of crypto ads. because there has been such a boom during covid, regulators are once again knocking on the door of social media platforms. in the u.k., there is new legislation being extended to social media platforms to make them responsible for ads. in europe, the ecb was talking about social media more generally as a feeder of hype and the fear of missing out and taking advantage of unsophisticated people. there is clearly a lot of her regulators to worry about and a lot for platforms to get ahead of in terms of responsibility before it gets out of hand. francine: is there regulation coming? how will it affect twitter overall? >> i think this is the question. regulators are behind the curve or they feel they are behind the curve on crib no more generally. if you look at their share price of twitter next to a lot of the meme stocks and the stocks that benefited during covid, there is a section of addiction into social media. elon musk may want to change the model. the more he moves into this market

also, taxman in india goes off to crypto curses. ah, richard, he has begun the, the full world copies on its way to catherine book. your travel package to day. oh hello there. they've been sweating it out in india and here's the proof. it was the hardest march across the country in a 122 years. the average temperature of $33.00, the heat wave continuing to bake in it, not only for northern areas, but also central areas as well. with this, that poor up to 42 degrees, we do have to talk about some what, whether siding across from indo china through southern areas of the bay have been gall. this is all going to run into sherlock, i mean, it's already settled, unsettled to begin was so, colombo, some thunder downpours for you at really, for the next several days. okay. focusing on indo china right now. it's been a washout for vietnam, denying a $185.00 millimeters brain over 24 hours, all of that to say that that's 5 times above the average april rainfall. so most of that wet weather again now siding toward the south. we've got a batch

but all of his earnings are invested in crypto currencies. he's not happy about the high taxes but relieved. the government isn't bad in crypto currency after it indicated last year that it would, i think they're an important 1st step. ah, am i happy about them? no, i'm obviously not like happy with some of the particular things by these. we should like recall back in december, every one was dead shorter. this is going right. they're going to force liquidation from all exchanges and they're just going to banish. and that didn't happen. many others agree with the rock evans say the taxes are too high and could push investors and businesses and to moving their assets to countries with more favorable tax laws. but they also agree they're better than an outright ban. elizabeth per annum al jazeera new delhi. ah, it is good to have you with us. hello, adrian, for the good here in doha, the headlines on al jazeera, pakistan's prime minister in bron carlos, asked the president to dissolve parliament and hold new elections. the move follows a motion

own crypto. something is wrong with crypto. they made this big leap. >> exactly. you could do the average person in the population that same percentage either owns crypto or wants to own crypto. charles: right. >> there were people in the study, narcissistic, sadists, what not, they want to own crypto but so does a lot of normal people. charles: you're in town because yesterday you were master of ceremonies at the 2022 spring blockchain event. what caught my eyes, i saw on social media said it should have been called, it will get worse before it get the better. that sounds very ominous, what do you mean? >> that actually was the name of it. their angle was the regulations in trying to figure out how to navigate regulations around crypto will get worse before it gets better but i think actually crypto itself, i've been a bitcoin owner nine, 10 years, since 2013, i've been a long-time believer in crypto, i think out of 18,000 cryptos out there, 17,000 plus are fraudulent, silly or stupid. they're g

and trading and crypto currency over the past 4 years. but the 24 year old is selling at least half of all has digital assets before new taxes on them come into effect. from april, investors will have to pay 30 percent tax on sales of crypto currencies and won't be able to offset any losses from one against profits from another. so that's how i would be managing, introducing exposure, getting more interest often for the couldn't using the volume of trades that i am doing daily. and probably we will be seeing that increased to extend that india we will be seeing or decrease in volume because the part bosses is pretty soon the same introduction of the century. governance has a major increase in crypto currency. transactions has made it essential to impulse taxes. there are around $25000000.00 india to own crypto currency with up to $10000000000.00 worth of assets being traded every month. the average investor is just 24 years old and must have a portfolio of $650.00 to $1300.00. on the founder of india's largest trading exchange says it doe

some crypto occurrences has come into effect. and india country has one of the highest number of crypto currency investors in the world. but now many say future investors may not be cynthia austic is with parent reports from your daily liquidity has made tens of thousands of dollars investing and trading and crypto currency over the past 4 years. but the 24 year old is selling at least half of all his digital assets before new taxes on them come into effect. from april, investors will have to pay 30 percent tax on sales of crypto currencies and won't be able to offset any losses from one against profits from another. so that's how i will be managing reducing exposure, getting more into dogs and 40 reducing the volume of trades that i am doing daily. and probably we will be seeing that in to extend the india we will be seeing or decrease the balloon because the part causes this pretty soon. same introduction of the central governance has a major increase in crypto currency. transactions has made it essential to impulse taxes. ther

a tax on crypto currencies has come into effect in india. it has a huge number of crypto investors, although initial enthusiasm may be in decline. he is elizabeth her on him and you, denny need qu, cliffy has made tens of thousands of dollars investing and trading and crypto currency over the past 4 years. but the 24 year old is selling, at least half of all has digital assets before new taxes on them come into effect. from april, investors will have to pay 30 percent tax on sales of crypto currencies and won't be able to offset any losses from one against profits from another. so that's how i will be managing reducing exposure, getting more into the dolphin 40. but i do think the volume of trade that i am doing daily. i'm probably we will be seeing that in to extend that india we will be seeing a degree in balloon because the part part is, is pretty soon. same introduction of the central governance has a major increase in crypto currency. transactions has made it essential to impulse taxes. there are around $25000000.00 india to own crypto

let's bring in our crypto expert on this. the much-anticipated wave as we go from proof of work and stake. talk to us about how this might be done in a few months time. >> very interesting. this has been highly anticipated. we have one of the leading software developers tweeting that this will likely be a few months after june. no firm date yet. we are in the final chapter of proof of work on the cerium. bitcoin evangelists have confirmed about proof of stake. the debates around energy consumption here. this could be a game changer for a theory him. that has more than 100 billion worth contingent on this merge. caroline: talk about some of the projects that spin off of this. we now brace ourselves to have that moment in the sun again. >> altcoins selling off more than bitcoin. going emerging again. you are seeing that on the others. there are some coins that are rising at an even faster pace in the last 24 hours. if you track a group of 100 altcoins, you see that group of 100 is actually also rising at a faster pace. bitcoin

thousands set to attend the crypto conference. miami set to be the crypto capital of the world, but does it have what it takes? >>> no charges against the officer who shot and killed amir locke during a no-knock warrant. his family's emotional response to the decision and renewed pressure against no-knock warrants plus a warning from the treasury secretary the war in ukraine could deliver a serious blow to the global economy and for the first time a major bank says the u.s. is headed right for recession the argument as we approach the bottom of the hour and the top of the news on cnbc. >>> the biggest crypto conference in all the world is happening now on miami beach they're calling it bitcoin 2022. it's expected to draw more than 35,000 people, some big names headlining, too. the tennis star serena williams, the paypal co-founder peter thiel, mvp aaron rodgers and the former presidential candidate andrew yang. today the miami mayor francis suarez unveiled the crypto version of the wall street bull. it's part of his plan to make m

. >> if you haven't heard of crypto, you clearly have not been watching tv. >> crypto. >> crypto. >> i don't think so. >> reporter: if you're not quite sure what qipt cryptois, in the next seven minutes you'll learn everything there is to know about crypto that is possible to learn in seven minutes. it's at easy as one, two, three, four, five, six, seven, eight, nine. number one, bitcoin was only the first crypto. crypto is short for cryptocurrencies. bitcoin was the original one and it is still by far the most popular. but there are over 10,000 different cr cryptocurrencies. anyone can start one up. number two, they're digit. if you go to google and type in bitcoin, you get thousands and thousands of pictures of physical metal coins. don't be fooled. the only place you could see cryptocurrencies is on your phone or computer screen. the only cash register is the internet. and crypto is not easy to spend. it may not strike you as a regular currency. ffofor now, you'll have a really hard time spending it. >> do you take bitcoins? >> unfortunately, no. >> do you take bitcoins? >> no, no

i began investing in crypto currency when he was at university in 2016. the 23 year olds day job is running his family's carpet business, but all of his earnings are invested in crypto currencies. he's not happy about the high taxes but relieved. the government isn't too bad in crypto currency after it indicated last year that it would, i think they're an important 1st step. i'm not happy about them. no, i'm obviously not happy with some of the particular things by these. we should like recall back in december, everyone with debt show that this is going right. they're going to force liquidation from all exchanges and they're just going to ban it. and that didn't happen. many others agree with rog and say the taxes are too high and could push investors and businesses into moving the assets to countries with more favorable tax laws. but they also agree they're better than an outright ban. elizabeth koran and al jazeera new delhi.