The Internal Revenue Service’s new Form 1099-DA, while designed to streamline tax reporting for cryptocurrency users, may inadvertently trigger audits due to incomplete cost basis data provided by exchanges, an expert warns.
The ‘Phantom Gain’ Trap
The Internal Revenue Service (IRS)’s new Form 1099-DA, though well-intentioned, could unfairly target many cryptocurrency users for audits due…
Senator Cynthia Lummis Calls on Senate to Cancel Summer Break Amid Digital Asset Push
Wyoming Senator Cynthia Lummis, often referred to as the “Crypto Queen,” has urged her colleagues in the U.S. Senate to forgo their traditional August recess, insisting that lawmakers…
Mercurity Fintech Secures $200 Million from Solana Ventures for SOL Treasury Expansion
Mercurity Fintech Holding Inc. (Nasdaq: MFH) has secured a $200 million equity line of credit from Solana Ventures Ltd., marking a pivotal milestone in its evolution from a fintech…
This $11,000 Chinese EV with semi-solid state batteries is about to shake up the industry
July 23, 2025
An electric vehicle powered by semi-solid state batteries for around $11,000? Sounds like a game changer. This Chinese automaker claims to be launching the first mass-market EV sold globally with new semi-solid state batteries.
An affordable Chinese EV with solid-state batteries
The new MG4 is set to debut next month, featuring advanced new battery tech. MG’s brand manager, Chen Cui, confirmed…
Inmotion has unveiled its latest high-performance electric scooter, the Jet, and it’s shaping up to be a serious contender for riders who want both speed and commuter utility in one package. With a top speed of 50 mph (80 km/h) and dual 1,200W motors peaking at 2,300W, the…
That high-end luxury vehicles that trade on being new and shiny take massive depreciation hits as soon as they roll off the lot is a lasting truth in the car business. At least one VW buyer is finding that out the hard way, having just watched their 1st Edition 4Motion…
A ChatGPT ‘router’ that automatically selects the right OpenAI model for your job appears imminent
July 22, 2025
In the 2.5 years since OpenAI debuted ChatGPT, the number of large language models (LLMs) that the company has made available as options to power its hit chatbot has steadily grown.
In fact, there are now a total of 7 (!!!) different AI models that paying ChatGPT subscribers (of the $20 Plus tier and more expensive tiers) can choose between when interacting with the trusty chatbot — each with…
Chinese startup Manus challenges ChatGPT in data visualization: which should enterprises use?
July 22, 2025
The promise sounds almost too good to be true: drop a messy comma separated values (CSV) file into an AI agent, wait two minutes, and get back a polished, interactive chart ready for your next board presentation.
But that’s exactly what Chinese startup Manus.im is…
Google DeepMind makes AI history with gold medal win at world’s toughest math competition
July 22, 2025
Google DeepMind announced Monday that an advanced version of its Gemini artificial intelligence model has officially achieved gold medal-level performance at the International Mathematical Olympiad, solving five of six exceptionally difficult problems and earning recognition…
The White House is poised to release its long-awaited comprehensive report on digital assets, marking the Trump administration’s first major crypto policy blueprint, according to a report by Crypto In America’s Eleanor Terrett.
White House Digital Assets Report Due Before Month’s End, Reporter’s Source States
The report, officially due on Tuesday, July 22, will be made public “before the…
