Crypto

New regulations finalized by the IRS and U.S. Department of Treasury will have significant implications for the cryptocurrency industry. Starting in 2026, crypto platforms will be required to report transactions to the IRS, simplifying tax payments and cracking down on tax evasion. However, the regulations only apply to custodial platforms, while decentralized brokers will be addressed separately. These regulations aim to bring clarity and accountability to the taxation of cryptocurrency transactions, adapting to the evolving landscape of digital assets.

Discover the latest update on Worldcoin's iris-scanning operations in Kenya. After a year-long investigation, the crypto startup has received approval to resume its activities. However, regulatory issues and the need for official registration and licenses remain. Learn about the challenges faced by Worldcoin and its commitment to working with the Kenyan government. Find out how this situation sheds light on the complexities of introducing new technologies in different jurisdictions.

Discover the inspiring journey of Urvashi Barooah, from rejection to success as a venture capitalist at Redpoint. Learn how she overcame obstacles, developed her investment portfolio, and became a partner at a prestigious firm. This story exemplifies the power of perseverance and determination in achieving your dreams.

President Biden defends SEC's approach to banks and crypto, vetoing a resolution that sought to overturn it. The resolution targeted the SEC's guidance on how banks should handle customers' crypto assets. While regulators argue it protects investors, banking groups criticize it as too expensive. Biden emphasizes his administration's commitment to consumer and investor well-being. Ongoing discussions aim to establish a comprehensive and balanced regulatory framework for digital assets, promoting innovation while safeguarding investors.

Improve weather forecasts with WeatherXM - a startup utilizing blockchain technology and community-monitored weather stations. Learn how they are making data open source and revolutionizing weather monitoring.

"FTX Cryptocurrency Exchange Offers Hope to Customers After Major Crash: Bankruptcy Lawyers Announce Recovery and Compensation. Find out how FTX's new management team and bankruptcy lawyers have worked to recover funds for victims of the crash. Discover the estimated cash distribution and the potential resolution of ongoing disputes. Learn about the importance of audits and transparent financial practices in the cryptocurrency industry."