G-7 Summit Highlights: Global Order, AI Regulation, and Regional Crises in Focus

by Александр Пирогов | Jan 4, 2024 | Blog News

The G-7 summit, under Italy’s presidency, has identified key priorities, including restoring respect for the international order amid crises in Ukraine and the Middle East. Italy aims to play a pivotal role in the Indo-Pacific region to strengthen political,...

exaBITS Launches Accelerated Decentralized Computing Network for Affordable AI

by Александр Пирогов | Jan 4, 2024 | Blog News

exaBITS has introduced the world’s first accelerated decentralized computing network, aiming to revolutionize affordable AI. The platform pools global GPU resources, optimizing their usage to significantly reduce the cost of training and deploying large AI...

South Korea Excludes Crypto Assets in Decentralized wallet from Reporting

by Александр Пирогов | Jan 4, 2024 | Blog News

South Korean tax authorities have clarified that crypto assets stored in non-custodial and decentralized wallets are excluded from overseas financial account reporting. This exemption applies to virtual assets held in wallets like Metamask and Ledger. The...

European Banking Authority to Test Impact of Cryptocurrencies on Lenders

by Александр Пирогов | Jan 4, 2024 | Blog News

The European Banking Authority (EBA) is proposing tests to assess whether tensions in non-bank financial institutions (NBFIs), including cryptocurrency-related entities, could impact traditional lenders. The EBA has already taken steps to address potential stress from...

Crypto market in red, bitcoin retreats after a big surge

by Александр Пирогов | Jan 3, 2024 | Blog News

Bitcoin’s price experienced a dip, slipping 0.36% to $45,256 after reaching a 21-month high, impacting the global crypto market cap, which fell to $1.73 trillion. This decline raised concerns among investors, but anticipation of the US Securities and Exchange...

Crypto Reporting Requirements Under Scrutiny in the U.S.

by Александр Пирогов | Jan 3, 2024 | Blog News

The bipartisan infrastructure bill, with its new amendment effective from 31 december 2023, expanded crypto reporting requirements for brokers, making it mandatory for exchanges to report transactions over $10,000 to the IRS. Lawmakers have since expressed concerns...