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China’s Foreign Ministry is pushing back on President Biden calling President Xi Jinping a “dictator,” telling reporters on Thursday it “strongly opposes” the comments without mentioning Biden by name. “This statement is extremely wrong and irresponsible political manipulation,” Chinese Foreign Ministry spokesperson Mao Ning said during a routine briefing on Thursday, according to a Reuters…
Unlock the complexities of cryptocurrency taxation and learn how crypto losses impact your tax liability in the United States, United Kingdom and Canada. Cryptocurrency taxation is a subject of increasing importance, with governments worldwide working diligently to establish clear rules for taxing digital assets. In the United States, the United Kingdom, and Canada, crypto holders…
Over half of musicians surveyed said they’re concerned with how their audience might perceive music created using AI, yet many artists have found it useful in their creative process. As artificial intelligence (AI) continues to be pervasive in global industries, the music industry has been receptive to its transformative capabilities while remaining cautious about the risks…
Sam Bankman-Fried testified in court this week, denying any wrongdoing between FTX and Alameda Research despite admitting “big mistakes.” Sam “SBF” Bankman-Fried took the stand this week to testify in his ongoing criminal trial in the Southern District Court of New York, denying any wrongdoing between FTX and Alameda Research, while acknowledging making “big mistakes”…
It’s unclear if Rep. Emmer will have enough support to win in a full floor vote, but the lack of a Speaker of the House has effectively halted all legislation since Oct. 3. Republican members of the United States House of Representatives have chosen Tom Emmer, current majority whip and crypto proponent, as their nominee…
Bitcoin products took the largest share of inflows, netting 84% of incoming funds, according to CoinShares’ weekly fund flows report. Crypto investment products have recorded four weeks of inflows, as the market eagerly awaits the possible approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States. Asset management firm CoinShares’ Oct. 23…
Thousands of information technology (IT) workers working remotely for U.S. companies have for years sent millions of dollars to North Korea under the radar to fund its weapons program, according to federal prosecutors. The Justice Department (DOJ) in a statement on Wednesday said authorities seized 17 website domains used by North Korean IT workers in…
Ohio Representative Jim Jordan, the Republican Party’s nominee for Speaker, won the support of 200 of his colleagues in an Oct. 17 vote — below the 217 needed to hold the position. North Carolina Representative Patrick McHenry, chair of the United States House Financial Services Committee and crypto proponent in Congress, is still temporarily in…
The lawyer representing Ryder Ripps and Jeremy Cahen struggled to convince a panel of judges that Yuga Labs’ case against his clients should be thrown out under California’s anti-SLAPP statute. Nonfungible token (NFT) artist Ryder Ripps’ most recent attempt to dismiss the Bored Ape Yacht Club-related lawsuit against him appears to have fallen on skeptical…
The bill will mandate cryptocurrency firms to adhere to licensing requirements, maintain financial records, and provide regulators with the authority to conduct audits. California Governor Gavin Newsom has approved a cryptocurrency bill that enforces stricter regulations on businesses conducting crypto operations, set to begin in 18 months. In a statement published on October 13, Newsom…