According to the fiscal year 2023 report, the IRS unit investigated failures to disclose crypto holdings and report on capital gains for transactions. The Criminal Investigation (CI) Unit of the United Internal Revenue Service (IRS) reported an increase in the number of investigations around digital asset reporting. In its annual report released on Dec. 4,...Continue Reading

If approved, this third version of the plan will go into effect on Jan. 5, 2024, and see the company add 372 MW in capacity by 2027. Bitcoin (BTC) miner Core Scientific has released a presentation outlining its plans to emerge from bankruptcy in early January 2024. The presentation is based on the third amended...Continue Reading

The man who introduced the Winklevoss twins to crypto ended up in prison. He expressed no regrets to Cointelegraph. Charlie Shrem paid a steep price for his place in crypto history. Major figures in the crypto world were part of his story, and his personal life was transformed as he went from online retailer to...Continue Reading

Spain and Brazil are chasing cryptocurrency stored abroad, while the U.K. wants taxes paid for crypto assets that weren’t previously declared. Last week, His Majesty’s Revenue and Customs (HMRC) presented an unpleasant Christmas surprise to hodlers in the United Kingdom, demanding they declare any crypto holdings they failed to report in the last four, six...Continue Reading

Big Blue’s roadmap says it’s on pace to execute 100 million gates over 200 qubits in 2029 before a 10x improvement by 2033. IBM announced the unveiling of its 1,121-qubit “Condor” quantum computing processor on Dec. Alongside the new chip, IBM delivered an updated roadmap and a trove of information on the company’s planned endeavors...Continue Reading

Altcoins show compelling technical setups after Bitcoin price blew past $42,000 on December 4. Bitcoin (BTC) and Ether (ETH) surged above their respective overhead resistance levels on Dec. Cryptocurrency exchange Bybit said in its 4th quarter report that institutional traders held 35% of their assets in Bitcoin, 15% in Ether and a large portion kept 45%...Continue Reading

Presidential candidates Asa Hutchinson, Vivek Ramaswamy and Dean Phillips will discuss blockchain and crypto ahead of the New Hampshire Primary. The ‘Stand With Crypto’ campaign launched by cryptocurrency exchange Coinbase plans to bring candidates for the 2024 United States Presidential Election together to discuss blockchain technology and digital assets. According to its website as of...Continue Reading

Bitcoin futures data counters the assumption that BTC’s rally to $42,000 was primarily propelled by shorts liquidations. What is next for BTC? In the past seven days, Bitcoin (BTC) experienced a whopping 14.5% surge, hitting a 20-month high at $41,130 by Dec. BTC liquidation map Enough shorts to run it up all the way to...Continue Reading

The outspoken executive also said that Meta isn’t pursuing quantum computing because it isn’t currently useful. Meta AI boss Yann LeCun sounded off on the industry-wide state of artificial intelligence and quantum computing during a recent event to celebrate the 10 year anniversary of the founding of Meta’s Fundamental Artificial Intelligence Research (FAIR) team.  During...Continue Reading

The protocol will expand to liquid staking and layer-2 solutions while retaining its NFT lending services. Despite rebranding to Parallel Finance for a greater focus on the decentralized finance (DeFi) ecosystem, the nonfungible token (NFT) lending protocol ParaSpace will continue to focus on its core product amid sector woes.  In a conversation with Cointelegraph, Yubo...Continue Reading