McFinance Newsletter

 Hello McFinancers! The latest in financial news: A US appeals court rules Treasury Department overstepped with their sanction against using Tornado Cash, Bitcoin miners being delayed because of customs, Brazil creating their own strategic Bitcoin Reserve, and new home prices are falling A Word From Our Sponsor: Ledger is a leading provider of hardware wallets, revolutionizing the way individuals safeguard their cryptocurrencies. As a trusted name in the industry, Ledger offers a secure and user-friendly solution for storing digital assets through its cold wallet technology. By leveraging offline storage, cold wallets ensure that private keys are kept entirely offline, safeguarding against online threats and potential hacking attempts. This fortified protection greatly reduces the risk of theft and unauthorized access to funds, granting users peace of mind and full control over their assets. With Ledger's cold wallet , cryptocurrency enthusiasts can confidently navigate the digita...

 Hello McFinancers! The latest in financial news: taking a look at the latest news about the BRICS organization and their recent meetings. A Word From Our Sponsor: Ledger is a leading provider of hardware wallets, revolutionizing the way individuals safeguard their cryptocurrencies. As a trusted name in the industry, Ledger offers a secure and user-friendly solution for storing digital assets through its cold wallet technology. By leveraging offline storage, cold wallets ensure that private keys are kept entirely offline, safeguarding against online threats and potential hacking attempts. This fortified protection greatly reduces the risk of theft and unauthorized access to funds, granting users peace of mind and full control over their assets. With Ledger's cold wallet , cryptocurrency enthusiasts can confidently navigate the digital realm, knowing their investments are shielded by top-tier security measures. BRICS Summit More Important Than US Presidential Election? A Russian of...

 Hello McFinancers! The latest in financial news: Florida has a second hurricane expected to make landfall later today, the HBO series talks about the identity of Satoshi Nakamoto (the creator of Bitcoin), Jim Rickards discusses saving the US Dollar with gold, and Paypal completes corporate transactions Florida Hurricane Round 2 Hurricane Milton has weakened slightly to a Category 3 storm, with maximum winds of 120 mph, and is currently 35 miles west-southwest of Sarasota, Florida. Despite this weakening, the hurricane is still a significant threat as it approaches landfall later today, bringing heavy rains, destructive winds, and a dangerous storm surge. An "extreme wind warning" is in effect for the Tampa Bay area, where tornado-like conditions are expected, and numerous tornadoes have already been confirmed in southern Florida. The storm surge could reach heights of 9 to 13 feet along parts of the Gulf Coast, posing severe flooding risks. Hurricane warnings cover much of c...

 Hello McFinancers! The latest in financial news: The growing demand for energy with AI, US Treasury looks to stop unregulated stablecoins, Bitcoin wallet hacked, and a strong indicator for Bitcoin’s peak during a bull cycle. AI Requires More Energy The escalating energy demand driven by the increasing use of AI and data centers is straining the power grid. As AI becomes more prevalent across various industries, this energy demand is projected to multiply, potentially doubling by 2030. This surge is already taxing the existing electrical grid infrastructure in the US, which is struggling to keep up with the growth of industrial production and the rising adoption of electric vehicles. Regions with high concentrations of data centers, such as Northern Virginia, are experiencing significant fluctuations in power demand, threatening the stability of the energy infrastructure. As this rising energy demand persists, the US faces increasing pressure to meet its energy needs. The push towa...

Hello McFinancers! This week, we wanted to talk about some new cases that have appeared on the US Supreme Court docket and look at the impact that they could have on investors. The latest in financial news: The US Supreme Court has a case on its docket about what income is taxed under current laws, there is less demand for US treasuries, and then there is a case against the SEC. Supreme Court Case About Your Income As the saying goes, the only guarantees in life are death and taxes. Well, that may change soon as the Supreme Court currently has on its docket a case that could change how investors are taxed. The case, Moore vs. United States (docket number 22-800), is about the authority of Congress to tax unrealized sums on unrealized income. As many seasoned investors know, you don’t pay taxes on any stock gains from capital appreciation unless you sell. Or how real estate investors can limit their capital gains taxes by selling an old house to buy a new house using the 1031-like-kind ...