The Cato Institute argues that current US tax rules treating bitcoin as property create excessive paperwork and discourage its use as everyday money. Each bitcoin transaction, even small purchases like coffee, requires detailed capital gains reporting, leading to burdensome tax filings. This complexity pushes users to hoard bitcoin rather than spend it, limiting its role as a currency. Cato proposes eliminating capital gains on crypto payments or raising the exemption threshold to better support typical consumer behavior amid inflation. This call for reform comes as the IRS expands crypto reporting and lawmakers debate tax relief measures for digital assets.
The global autoimmune disease therapeutics market is projected to grow from $80.54 billion in 2025 to $137.85 billion by 2035, at a CAGR of 5.52%. Growth is fueled by rising autoimmune disease prevalence, advances in biologics, JAK inhibitors, monocl...
The Vancouver Chinatown Foundation and RBC are hosting Light Up Chinatown! 2026, a free two-day festival on August 8-9 along Columbia Street in Vancouver’s Chinatown. The event features exclusive food collaborations, live music performances, family a...
New research from iSeatz reveals that U.S. travelers are increasingly strategic about travel rewards programs, with 40% treating them as financial optimization tools and 60% belonging to multiple programs. Despite high enrollment, many travelers find...
BlackRock reported quarterly earnings per share of $13.91, surpassing analyst estimates of $12.69, and revenue of $7.08 billion, exceeding expectations of $6.73 billion. The company’s assets under management reached a record $15.3 trillion, a 22% inc...
A regional nonprofit health plan reduced its Transparency in Coverage machine-readable file (MRF) production time from 45 days to less than 24 hours by integrating TALON's platform directly with its claims administration system. This eliminated a com...
