Several American lawmakers voiced their concerns to the U.S. Treasury regarding a proposed taxation scheme for digital assets in a Nov. 15 letter, citing its potential to stifle innovation and adversely affect the digital asset ecosystem. The letter specifically concerns taxation rules advanced by the Treasury on Aug. 25. In today’s letter, lawmakers called the […]
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Microsoft has unveiled a new chip that is intended for use in artificial intelligence (AI) applications in a news post published on Nov. 15. The company said that it unveiled the chip, named the Azure Maia 100 AI Accelerator, at its Microsoft Ignite conference on the same day. It said that the Maia 100 chip […]
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Several U.S. lawmakers have approached the Biden administration, requesting an investigation into the alleged use of cryptocurrency by terrorist groups. This request came in the form of a letter dated Nov. 15. The letter refers to earlier reports alleging that crypto wallets linked to Hamas and the Palestinian Islamic Jihad have received upwards of $41 […]
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The U.S. House Subcommittee on Digital Assets, Financial Technology, and Inclusion heard testimony today from a panel of experts in a hearing titled “Crypto Crime in Context: Breaking Down Illicit Activity in Digital Assets. The hearing aims to examine the nature and extent of criminal activities within the digital asset ecosystem, with testimonies from experts […]
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