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Coin Center, a crypto-focused policy nonprofit, has reached out to Congress members, urging for more transparent crypto tax regulations. In a letter to Senate Finance Committee's Ron Wyden and Mike Crapo, Coin Center emphasized the need for guidance on cryptocurrency taxation, especially concerning capital gains. They suggested a threshold for gains below which no tax would be due. Coin Center also stressed the importance of a "de minimis" exemption, without which, every small crypto transaction could become a taxable event. This exemption would simplify the use of cryptocurrencies for daily payments, especially for micropayments. SEC Approval of Bitcoin ETF Won't Shift the Game, Say JPMorgan
In a recent report, JPMorgan expressed a measured outlook on the influence a spot bitcoin exchange-traded fund (ETF) would have on cryptocurrency markets, even if the U.S. Securities and Exchange Commission (SEC) gives it the green light. The financial institution pointed out that while the approval of such an ETF is eagerly awaited, it may not be the market-altering event some anticipate. Android Conductor Makes Debut at National Theatre of Korea
On June 30, a landmark event unfolded at the National Theatre of Korea as a robot named EveR 6 made its public debut, co-conducting the Korean National Symphony Orchestra. This marked the first time a robot has taken on the role of conductor in South Korea. Crypto Regulation and Market Anticipations
The MiCA's ratification has effectively legalized the cryptocurrency market across 27 EU countries. Eight more potential member nations will soon modify their laws to comply with MiCA. This move means the legislation will impact over half a billion people, making it a unique event of unprecedented scale.
Today, key aspects of the summit's agenda were revealed, giving priority to risk management and support strategies.
Leaders from major countries, top tech organizations, academic circles, and civic groups will converge at the event to discuss expedient actions in the cutting-edge arena of AI development.
The UK's representatives are of the opinion that fostering AI investment could significantly benefit society and economic productivity, but only if done within a regulatory framework.
“Without appropriate guardrails, this technology also poses significant risks in ways that do not respect national boundaries. The need to address these risks, including at an international level, is increasingly urgent.“
Atomic Wallet has landed in legal hot waters. This development comes after a hacking event that wiped out more than $100 million.
The claimants assert that the developers neither informed the users about the security vulnerability nor contacted law enforcement after the breach.
Many prosperous investors, some having affiliations with Russia, are included in the court case.
JPMorgan reports that Bitcoin miners are diversifying their operations in anticipation of the upcoming halving event, which will slash their rewards. Miners are now venturing into the booming artificial intelligence (AI) market, offering high-performance computing services. This shift is partly funded by selling newly minted or existing bitcoins. Companies like Applied Digital and Iris Energy are already making strides in AI cloud services. Additionally, post Ethereum's shift from proof-of-work, former Ethereum miners are leveraging GPUs for AI, finding it potentially more profitable than traditional mining. 3AC Co-Founder Plans Unique Recovery Process for Creditors
During a Twitter Spaces event, Kyle Davies, the founder of the bankrupt hedge fund Three Arrows Capital, revealed his plans for a new crypto trading platform called OPNX. Davies expressed his intention to give back to his creditors and explained that the new platform would offer a unique opportunity for early supporters. WhiteBIT Airdrop Alert: Test WB Network, Seize the Opportunity!
The WB Network testnet was launched in March 2023, and ever since, WhiteBIT has been actively gearing up for the mainnet release. This crucial event for Ukrainian crypto enthusiasts appears to be just on the horizon: the company has disclosed the conditions for the airdrop! 









