AI safety researchers leave OpenAI over prioritization concerns

Following the recent resignations, OpenAI has opted to dissolve its Superalignment team and integrate its functions into other research projects within the organization.

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Official Committee of Unsecured Creditors of FTX Responds to IRS's $44 Billion Claims

The Official Committee of Unsecured Creditors of FTX, a now-bankrupt cryptocurrency exchange, has publicly responded to the U.S. Internal Revenue Service's (IRS) staggering $44 billion in claims against various debtors affiliated with FTX. (Read More)

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Report: US Revenue Collector IRS to Send Four Crypto Crime Investigation Agents Abroad

The Internal Revenue Service (IRS) is planning to send investigators to four countries where they are expected to tackle the use of crypto and decentralized finance products in global financial and tax crimes. According to the tax collector’s spokesperson, the IRS will be able to determine the success of the pilot program by rating the

The post Report: US Revenue Collector IRS to Send Four Crypto Crime Investigation Agents Abroad appeared first on BTC Ethereum Crypto Currency Blog.

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Federal Reserve Admits Blindsided Oversight of SVB Collapse

The Federal Reserve Chairman has admitted to being blindsided by the sudden collapse of Silicon Valley Bank (SVB) despite being under their supervision. The collapse of SVB has prompted an internal investigation led by the Vice Chairman to look into the failure of the bank and the Fed’s regulation of it. The bank’s collapse has been linked to the Federal Reserve’s successive interest rate hikes and erosion of its long-term bonds. This has led to depositors requesting withdrawals en masse, causing a bank run, and the Federal Deposit Insurance Commission taking possession of SVB. (Read More)

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Argentina Signs Automatic Tax Data Sharing Agreement With the United States

The government of Argentina has signed a data sharing agreement with the U.S. to enhance the cooperation of the countries in the tax arena. The agreement, which was signed by Sergio Massa, minister of economy of Argentina, and U.S. ambassador Marc Stanley, will allow the Argentine national tax authority to receive information from accounts and

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Coinbase Listing: Internal Aventus AMA | by Aventus Network | Feb, 2022

On February 3rd, Aventus Token $AVT listed on Coinbase. On Friday 11th, Aventus CEO Alan Vey participated in a live Telegram AMA with the Aventus community. The following is the transcript from that AMA… Aventus admin: In response to the recent AVT Coinbase listing, Aventus CEO Alan Vey has kindly agreed to join us for […]

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Crypto Chaos: Surge In Tax Evasion Cases Leads to Binance.US Exec Joining IRS

The Internal Revenue Service (IRS) is ramping up efforts in crypto regulation, tapping into industry expertise to navigate the complex terrain of digital assets. Sulolit Raj Mukherjee, former global head of tax at ConsenSys and contributor to Binances US unit, joins forces with Seth Wilks, previously vice president at TaxBit, to bolster the IRSs approach […]

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Gibraltar Court Halts $7M Worth of PLAY Tokens Amid Crypto Gaming Companys Internal Dispute

The Gibraltar Court has recently made the decision to freeze all assets of the crypto gaming company, Internal Biff. This action comes following allegations of fraudulent activities and financial misconduct within the organization. Gibraltar, known for its stringent regulations in the cryptocurrency and gaming industries, is taking a proactive stance to ensure investor protection and [...]

The post Gibraltar Court Halts $7M Worth of PLAY Tokens Amid Crypto Gaming Company’s Internal Dispute appeared first on Crypto Breaking News.

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Celsius Network Considers Legal Action Against Crypto Blogger

Celsius Network is considering taking legal action against crypto blogger Tiffany Fong for leaking internal information regarding the company’s bankruptcy case. Fong has been reporting on the bankruptcy case via YouTube and social media platforms, sharing leaked internal information allegedly provided to her by disgruntled former Celsius employees. (Read More)

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UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents

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 Silicon Valley Bank’s [...]

The post UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents appeared first on Crypto Breaking News.

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Coinbase Cold Wallet Stir: Rumors and Misinformation Surround Significant Ethereum Transfer

On June 13, 2023, several individuals discovered a significant transfer of Ethereum (ETH) that had remained dormant for a few years. While the observers believed the funds were being deposited into Coinbase, they shared this information on social media to highlight the unusual occurrence. However, despite the speculation, it was soon clarified that the transfer [...]

The post Coinbase Cold Wallet Stir: Rumors and Misinformation Surround Significant Ethereum Transfer appeared first on Crypto Breaking News.

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Elon Musk: IRS relies on old computers, cant pass basic audits

The unofficial US head of government efficiency has declared himself a volunteer IT consultant for the Trump administration.

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DeFi has 3 options if IRS rule isn't rolled back Alex Thorn

The United States Treasury Department and the Internal Revenue Service (IRS) received more than 44,000 comments after proposing the rule.

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Crypto Tax Crackdown: IRS Secures First Digital Asset Fraud Conviction

The IRS has registered a major legal achievement in its fight against evasion of taxes through cryptocurrencies. Frank Richard Ahlgren III is facing two years in prison and $1.1 million in fines for hiding income from his crypto trades from the Internal Revenue Service. This conviction is important for the IRS because it is the […]

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Paxful halts operations amidst U.S. regulatory pressures and internal turmoil

After weathering through long-winter bears, Paxful has become the latest victim of the U.S. strict regulation policies. Paxful’s CEO, Ray Youssef, issued a statement early Tuesday on the platform’s webpage, informing its community about halting all its operations indefinitely. The CEO is pessimistic about the platform’s future.  Paxful, a renowned P2P (peer-to-peer) bitcoin trading exchange …

<p>The post Paxful halts operations amidst U.S. regulatory pressures and internal turmoil first appeared on CCNC | Cryptocurrency Newscast.</p>

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DOF Secretary Diokno Backs Online Seller Tax for ‘Fairness’

DOF Secretary Diokno says the creditable withholding tax on online sellers in the Philippines is about making the tax system ‘fair’.

The post DOF Secretary Diokno Backs Online Seller Tax for ‘Fairness’ appeared first on BitPinas.

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‘Stake and Pay’: IRS Declares Staking a Taxable Event

Staking rewards are now classified as gross income.

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