Magic Leap’s Metaverse: towards a more tangible mixed reality
The metaverse, the revolutionary concept that has captured the collective imagination, is about to undergo a major transformation, according to the leaders of Magic Leap, a pioneering company in the field of mixed reality. With nearly $4 billion raised to date, Magic Leap is positioning itself as a thought leader in the metaverse industry, insisting […]
ProShares launches five leveraged and inverse Bitcoin ETFs
Recently, ProShares filed documents for five new bitcoin exchange-traded funds (ETFs). Introducing leveraged and inverse options. This development comes shortly after the SEC approved eleven bitcoin cash ETFs, marking a significant step forward in crypto investing. New ETFs from ProShares ProShares, an innovative leader in the ETF industry, is expanding its range with five new […]
Core Scientific: Bitcoin miner emerges from bankruptcy and returns to the stock market imminently
The ever-evolving cryptocurrency mining sector has just received a new capital. Core Scientific, one of the leading players in Bitcoin mining in the US, has announced a significant breakthrough: the exit from its restructuring process following bankruptcy, scheduled for 23 January 2024. This news marks a turning point for the company and for the cryptocurrency […]
Tether responds to UN accusations of illicit activities
The recent UN report has thrown a spanner in the works of the cryptocurrency world, in particular targeting the stablecoin Tether (USDT). The United Nations Office on Drugs and Crime (UNODC) claims that USDT is involved in illegal activities such as money laundering, particularly in Southeast Asia. This accusation prompted an immediate and vigorous response […]
New IRS Cryptocurrency Tax Rules: Exemption for Transactions over $10,000
The world of cryptocurrencies is experiencing unprecedented growth, influencing tax regulations on a global scale. In a recent announcement, the US Internal Revenue Service (IRS) revealed a major change regarding tax reporting requirements for crypto transactions. Revision of the rules of the Infrastructure Investment and Jobs Act The recent decision by the IRS and Treasury […]