Cornell research finds that a $300 tax exemption on personal crypto transactions could increase US Treasury revenue by $860 million by simplifying tax reporting and encouraging more crypto spending. Current IRS rules require capital gains reporting on every crypto purchase, creating a compliance burden that discourages everyday use. The proposed exemption, supported by Senator Cynthia Lummis, would exclude small transactions from capital gains tax reporting, with a $5,000 annual cap to prevent abuse. This change aims to unlock broader crypto adoption and generate more overall tax revenue through increased economic activity. The bill is still under congressional review, with debates ongoing about which digital assets should qualify for the exemption.
Nova Klúbburinn hf. has completed a share buyback program, acquiring 122,699,386 shares at an average price of ISK 3.26 per share. The buyback was part of an inverse offer process with valid bids for 159,526,476 shares. The company accepted bids up t...
The US midterm elections will decide control of Congress, influencing financial markets and government policies. A Democratic win could lead to stricter AI oversight and slower deregulation, potentially increasing market volatility. If Republicans ma...
CrowdStrike introduced a new AI kill switch that allows businesses to terminate rogue AI agents, prevent their restart, and block their network access. This technology, part of the Falcon Guardian platform, addresses growing concerns about AI safety ...
The Bitcoin whitepaper, published on October 31, 2008 by Satoshi Nakamoto, marks its 18th anniversary in 2026. This nine-page document laid out the foundation for a decentralized digital currency system without banks, solving the double-spending prob...
The Ethereum Foundation introduced the Kohaku SDK, an open-source toolkit designed to integrate private transactions directly into wallets, making privacy accessible to all users rather than just experts. Kohaku offers features like private sends, st...
