EPISODE · Jan 28, 2022 · 57 MIN
Crypto is a Scam
from The Accounting Podcast · host Blake Oliver & David Leary
Sponsorsa2X: https://cloudaccountingpodcast.promo/A2XRelay: https://cloudaccountingpodcast.promo/relaySynder: https://cloudaccountingpodcast.promo/synderNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow Notes01:37 – FBI says crooks are using fake QR codes to steal moneyhttps://www.cnn.com/2022/01/19/politics/fbi-qr-codes-cybercrime/index.html 06:31 – Managers are now quitting during busy season: what is going on? https://www.reddit.com/r/Accounting/comments/s8nq0r/managers_are_now_quitting_during_busy_season_what/ 06:55 – You Quit. I Quit. We All Quit. And It’s Not a Coincidence.https://www.nytimes.com/2022/01/21/business/quitting-contagious.html Great Resignation repositions accountantshttps://www.accountingtoday.com/news/great-resignation-repositions-accountants 08:23 – Blake gets an Oculus! 13:02 – Cryptocurrency Is a Giant Ponzi Scheme https://jacobinmag.com/2022/01/cryptocurrency-scam-blockchain-bitcoin-economy-decentralization 18:45 – Crypto Mystery: Where’s the $69 Billion Backing the Stablecoin Tether? – Bloomberghttps://www.bloomberg.com/news/features/2021-10-07/crypto-mystery-where-s-the-69-billion-backing-the-stablecoin-tether 28:10 – MicroStrategy Plummets as SEC Rejects Its Bitcoin Accounting (3)https://news.bloombergtax.com/financial-accounting/sec-rejects-microstrategys-bitcoin-accounting-strategy 34:00 – Fed opens debate over a U.S. central bank digital currency with long-awaited report.https://www.nytimes.com/2022/01/20/business/fed-digital-currency.html?referringSource=articleShare Crypto firms gear up for battles over new rules in Washington | Accounting Todayhttps://www.accountingtoday.com/articles/crypto-firms-gear-up-for-battles-over-new-rules-in-washington 35:06 – Eric Adams, a Bitcoin Booster, Is Taking First Paycheck in Cryptohttps://www.nytimes.com/2022/01/20/nyregion/eric-adams-bitcoin-cryptocurrency.html 35:51 – IRS begins requiring new ID system for accessing online accounts | Accounting Todayhttps://www.accountingtoday.com/news/irs-begins-requiring-new-id-system-for-accessing-online-accounts IRS will require taxpayers to sign up with ID.me to access their online accountshttps://www.cbsnews.com/news/irs-tax-file-2022-id-me/ 40:37 – H&R Block launches the challenger bank it teased last year | Accounting Todayhttps://www.americanbanker.com/news/h-r-block-launches-the-challenger-bank-it-teased-last-year 41:30 – Digital Bank Chime Looks to Go Public With $40B IPOhttps://www.pymnts.com/news/ipo/2022/digital-bank-chime-looks-to-go-public-with-40b-ipo/ 41:51 – NetSuite Cash 360 Helps Organizations Effectively Manage Cash Flow | NetSuitehttps://www.netsuite.com/portal/company/newsroom/netsuite-cash-360-helps-organizations-effectively-manage-cash-flow.shtml 43:05 – HoneyBook, jaris Team on Managing Client, Cash Flowhttps://www.pymnts.com/partnerships/2022/honeybook-jaris-team-on-managing-client-cash-flow/ 43:42 – AI-powered tax platform April launches after $10M seed round | Accounting Todayhttps://www.accountingtoday.com/news/ai-powered-tax-platform-april-launches-after-10m-seed-round Israeli startup April raises $10 million in Seed funding for U.S tax platformhttps://m.calcalistech.com/Article.aspx?guid=3927452 48:02 – When it comes to billing clients, what is your current process?https://twitter.com/ignitionapp/status/1483481623916351492?s=12 53:10 – Tally Street is now part of Rootworkshttps://tallystreet.com/2022/tally-street-rootworks/Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconfere...
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What this episode covers
Blake divulges the many reasons why he's not at all bullish on Bitcoin, or stablecoins, and then discover why he's been wearing a ballcap lately, and what peeves him most about accounting firm billing practices. In other news, the IRS has adopted a third-party ID tool to add, maybe, an extra layer of security, all the while, the identity thieves are taking advantage of those convenient QR codes on tax bills to do their dirty work. We'll also talk about H&R Block's latest news - the "Block" bank, and how Israeli tax startup April is planning to corner the market with their recent cash infusion. All this, and more, right now!
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Crypto is a Scam
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