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Following Openai’s release of GPT-4, a deep learning and artificial intelligence product, crypto assets focused on AI have spiked in value. The AGIX token of the Singularitynet project has risen 25.63% in the last 24 hours. Over the last seven days, four out of the top five AI-centric digital currencies
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Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos in the banking sector following the collapse of
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SVB collapsed last week following a $42 billion bank run after it announced plans to sell $2.24 billion in new shares. Original Source
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Christine Okike said BlockFi remains safe and looked to access significant cash held with Silicon Valley Bank yesterday. Despite the Silicon Bank exposure, a BlockFi bankruptcy lawyer maintains that the digital asset lender is safe and in no immediate danger. The lawyer, Christine Okike, stated that the embattled New Jersey-based company also
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The United States Treasury has announced deputies of the multilateral Russian Elites, Proxies, and Oligarchs, or REPO, Task Force have targeted crypto in Russian entities’ attempts to evade sanctions.In a March 9 announcement, the U.S. Treasury said the task force had blocked or frozen more than $58 billion worth of
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Tech powerhouse Amazon plans to launch NFTs granting ownership of physical goods to improve customer experience and draw more shoppers. Amazon (NASDAQ: AMZN) is developing an initiative centered around its non-fungible tokens (NFTs) that would enhance customer experience. According to reports, the e-commerce giant seeks to tie NFT ownership to
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"If the government wants to litigate that" Voyager's sale of VGX tokens was an offering of securities, it should have done so, he said, referring to an SEC attorney's statement that the proposed sale may have securities law tie-ups. However, the regulators did not choose to do so; based on
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Economist and gold enthusiast Peter Schiff has said that the U.S. Fed may have to fight a “complete economic collapse” and be faced with more to worry about than the current battle against inflation. In other news, artificial intelligence (AI) crypto assets have seen a recent surge, and SEC Chairman
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The value of digital assets under management (AUM) for digital asset investment products in February rose to $28.3 billion, the highest number recorded since May 2022, according to Cryptocompare stats. The increase came against the background of rising U.S. Securities and Exchange Commission (SEC) enforcement actions against crypto industry players.
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