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IRS team reports rise in crypto tax investigations


According to the fiscal year 2023 report, the IRS unit investigated failures to disclose crypto holdings and report on capital gains for transactions.
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Cryptocurrency
4 Dec 2023

: GitLab’s stock shoots up 15% on earnings, sales beats

GitLab Inc.’s stock GTLB surged 15% in extended trading Monday after the software company reported quarterly results that surpassed analyst revenue and earnings estimates. GitLab reported a fiscal third-quarter net loss of $285.2 million, or $1.84 a sh...
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News
4 Dec 2023

: Dow pulls back from 2023 highs as small caps outperform

U.S. stocks finished lower on Monday with the Dow pulling back from its 2023 highs, while a catch-up rally in small caps stretched to a fourth day. The S&P 500 SPX fell by 24.85 points, or 0.5%, to 4,569.78, according to preliminary closing data from F...
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News
4 Dec 2023

: Five9 is considering a sale two years after failed Zoom deal: report

Shares of Five9 Inc. FIVN popped nearly 10% Monday following a report the call-center software provider is mulling a sale, more than two years after it scrapped a multibillion-dollar acquisition by Zoom Video Communications Inc. ZM. Five9 is in talks w...
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News
4 Dec 2023

GBP/USD Price Forecast: Mixed Technical Signals and a Stronger US Dollar Weigh on Cable

Cable faced selling pressure today thanks to a revival in the US Dollars haven appeal. Looking ahead and developments around the US Dollar is likely to be the major driving force of GBPUSD for the rest of the week.
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Forex
4 Dec 2023

Crypto Stories Part 2: Bitcoin led Charlie Shrem into a tumultuous life


The man who introduced the Winklevoss twins to crypto ended up in prison. He expressed no regrets to Cointelegraph.
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Cryptocurrency
4 Dec 2023

Tax services are getting pushy to have crypto declared: Law Decoded, Nov. 27–Dec. 4


Spain and Brazil are chasing cryptocurrency stored abroad, while the U.K. wants taxes paid for crypto assets that weren’t previously declared.
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Cryptocurrency
4 Dec 2023

: U.S. oil futures settle at lowest since mid-November

Oil futures on Monday posted a third-straight session decline, with U.S. prices settling at their lowest since mid-November. Oil prices have remained under pressure on concerns over slowing demand, as well as some skepticism that the OPEC+ output cuts ...
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News
4 Dec 2023

: Lululemon’s stock down 2% after Wells Fargo downgrade with Nike gaining as new top defensive pick

Lululemon Athletica Inc.’s stock LULU fell 2% Monday, after Wells Fargo downgraded the yoga gear maker’s stock to equal weight from overweight, and said it’s taking its chips off the table following a strong year-to-date run. The stock has gained 42.6%...
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News
4 Dec 2023

IBM says it will have hit a quantum computing ‘inflection point’ by 2029


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.
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Cryptocurrency
4 Dec 2023

Coinbase initiative announces crypto-themed US presidential forum


Presidential candidates Asa Hutchinson, Vivek Ramaswamy and Dean Phillips will discuss blockchain and crypto ahead of the New Hampshire Primary.
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Cryptocurrency
4 Dec 2023

Price analysis 12/4: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK


Altcoins show compelling technical setups after Bitcoin price blew past $42,000 on December 4.
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Cryptocurrency
4 Dec 2023

US Dollar Flies as US Yields Spring Back to Life, Setups on USD/JPY, AUD/USD

In this article, we analyze the technical outlook for USD/JPY and AUD/USD, taking into account market sentiment and price action dynamics. We also examine key levels that may act as support or resistance later this week.
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Forex
4 Dec 2023

Meta’s AI boss says there’s an ‘AI war’ underway, and Nvidia is ‘supplying the weapons’


The outspoken executive also said that Meta isn’t pursuing quantum computing because it isn’t currently useful.
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Cryptocurrency
4 Dec 2023

Bitcoin price rally to $42K driven by spot volumes, not BTC futures liquidations


Bitcoin futures data counters the assumption that BTC’s rally to $42,000 was primarily propelled by shorts liquidations. What is next for BTC?
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Cryptocurrency
4 Dec 2023

ParaSpace to continue NFT lending as it rebrands to Parallel Finance


The protocol will expand to liquid staking and layer-2 solutions while retaining its NFT lending services.
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Cryptocurrency
4 Dec 2023

How to prepare for the next crypto bull market: 5 simple steps


The latest Cointelegraph Report explains how to prepare for the next crypto bull run in five simple steps.
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Cryptocurrency
4 Dec 2023

: Tesla EVs to be phased out at car-rental company Sixt, which cites low resale value: report

Car-rental company Sixt XE:SIX2 is phasing out Tesla Inc.’s EVs from its fleet due to lower resale value, Bloomberg reported Monday, citing an email to customers from the German company that it had viewed. Tesla’s price cuts hit residual values and hig...
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News
4 Dec 2023

Oil Price Forecast: WTI Prints Double Bottom Pattern. Recovery Incoming?

Oil prices continued to slide for the majority of the Asian and European sessions before finding support at recent lows. Geopolitical risks and technicals hint at recovery in price.
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Forex
4 Dec 2023

: Twilio’s stock slides 2% after company announces to cut 5% of workforce

Twilio Inc.’s stock TWLO fell 2% early Monday, after the cloud computing company said it plans to cut 5% of its global workforce and book $25 million to $35 million in severance charges. The company’s most recent filing with the Securities and Exchang...
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News
4 Dec 2023

Euro Update: EUR/USD Meets Support, While EUR/GBP Looks to Halt Major Sell-off

The Euro has encountered great difficulty as the currency surrenders ground against a number of G7 currencies as the economic outlook worsens, expected rate cuts accumulate
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Forex
4 Dec 2023

Cosmos-based networks Umee and Osmosis to merge, creating ‘DeFi Hub’


Through a software upgrade, Umee UX Chain code will be implemented on Osmosis, combining the two networks.
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Cryptocurrency
4 Dec 2023

El Salvador’s Bitcoin portfolio swings to profit


The country’s Bitcoin investment has returned to profit after a devastating crypto winter.
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Cryptocurrency
4 Dec 2023

: U.S. stocks open lower after rallying five straight weeks

The U.S. stock market opened lower Monday, with investors appearing to take a breather after all three major benchmarks rose for five straight weeks. The Dow Jones Industrial Average DJIA was trading 0.4% lower soon after the opening bell, while the S&...
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News
4 Dec 2023

Envision partners with HBAR and UN on new digitization platform for carbon markets


Envision Blockchain and the HBAR Foundation have teamed up with the UN to create a new suite of decentralized tech to streamline the complex carbon markets.
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Cryptocurrency
4 Dec 2023

BTC price levels to watch as Bitcoin whales ‘lure’ market to $42K


Bitcoin analysis is getting more and more suspicious of the “up only” BTC price action in recent days.
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Cryptocurrency
4 Dec 2023

Bitcoin maxis vs. multichains: Two opposing visions of crypto’s future


Many Bitcoin maximalists are even hesitant to apply the term “crypto” to their preferred asset, as it brooks association with more centralized coins.
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Cryptocurrency
4 Dec 2023

Bybit sees BTC, ETH ‘flight’ of institutional investors to stablecoins, but not for long


Cryptocurrency exchange Bybit has released its latest quarterly report, revealing the trading and holding trends of its institutional traders heavy in positive Bitcoin sentiment.
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Cryptocurrency
4 Dec 2023

: Southwest Gas plans Centuri Holdings spinoff IPO by summer of 2024

Southwest Gas Holdings Inc. SWX said Monday it plans to pursue an initial public offering of of Centuri Holdings Inc. to separate it from the company by the spring or summer or 2024 once it finds a chief executive for the utility infrastructure company...
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News
4 Dec 2023

: Uber’s stock up 4.2% after being added to S&P 500; Oppenheimer raises price target to $75 from $65

Uber Technologies Inc.’s stock UBER soared 4.2% early Monday, after the ride-sharing company’s stock was added to the S&P 500, prompting Oppenheimer to raise its price target to $75 from $65 and reiterate its outperform rating, the equivalent of buy. ...
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News
4 Dec 2023

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