Crypto Asset Classification: CFTC Chair vs. Former Commissioner
On crypto classification, ex-CFTC Commissioner Dan Berkowitz speaks on cryptocurrency community Asset Status. Gary Gensler, chairman of the Securities and Exchange Commission, believes all are securities with investment contracts. Using Ethereum as an example, he stated there is a “special case” where something can be both. “It can be a commodity under the CEA [Commodity […]
Crypto Taxes 101: A Guide To Filing Your Cryptocurrency Taxes
Given the rapid increase in value and prevalence of cryptocurrencies, it’s essential to grasp the tax consequences of trading in crypto. With our guide to filing your cryptocurrency taxes, you’ll know what to do when filing your cryptocurrency taxes. This article will help you understand your tax responsibilities and how to record your crypto transactions […]
The Role Of Cryptocurrency In Developing Countries
Cryptocurrencies have the potential to spur sustainable development, empower individuals, and alter the socioeconomic climate in developing nations with careful design and implementation. What is a Cryptocurrency? Cryptocurrency is a digital or virtual currency that uses cryptography to protect transactions. Cryptocurrencies don’t have tangible counterparts like coins or banknotes because they only exist in digital […]
Crypto Fuels Fentanyl Ingredient Trade In China
An Elliptic report revealed that Chinese chemical manufacturers accept cryptocurrencies for fentanyl precursors and have received over $27 million in crypto payments. Doctors legally prescribe fentanyl for severe pain, but illegal producers and sellers also offer it as a recreational drug. Fentanyl is highly addictive and can cause fatal overdoses. Most of the fentanyl trafficked […]
White House Officials Explore Use of AI Surveillance on Workers
Officials in Washington, D.C. United States are planning to hold a session with workers to discuss the use of artificial intelligence (AI) surveillance in workplaces. According to a report by Reuters, White House officials stated on May 23 that they would ask employees how their employers use AI for monitoring purposes. This is the result […]