• June 30, 2024

AI FinFlare Market Outlook for July 1, 2024

Welcome to the Artificial Intelligence Outlook for Forex trading. https://www.youtube.com/watch?v=92m3AS_er7o VIDEO TRANSCRIPT Okay, hello everyone, and welcome back. My name is Greg Firman, and this is the Vantage Point AI ...

  • June 30, 2024

3 ETFs to Buy for Nvidia Stock Dominance

Nvidia (NASDAQ:NVDA) has grown to become quite a dominant holding in a number of tech-focused exchange-traded funds (ETFs) amid its glorious ascent. Though NVDA stock is no longer the world’s largest company after its latest correction, bringing the market cap to $3 trillion flat, I still think it’s a bad idea to think the firm can’t continue its growth just because of its behemoth size. Indeed, a firm’s sheer size alone doesn’t seem to act as a limitation on growth, especially for firms, like N

  • June 29, 2024

US Treasury and IRS Finalize New Tax Regulations for Cryptocurrency

According to Foresight News, the US Internal Revenue Service (IRS) and the Treasury Department have finalized new tax regulations for cryptocurrency. From 2026, cryptocurrency trading platforms will be required to report transactions to the IRS. This regulation essentially implements a provision of the Infrastructure Investment and Jobs Act passed by the Biden administration in 2021. Even without these new rules, cryptocurrency holders are required to pay taxes. However, there has been no real standardization on how to report these holdings to the government and individual investors. Starting from 2026, covering transactions from 2025, cryptocurrency platforms must provide a standard 1099 form, similar to the forms sent by banks and traditional brokerage firms. This move is aimed at bringing more transparency and regulation to the rapidly growing cryptocurrency market. The new rules are expected to provide a clearer framework for both the government and individual investors in the cryptocurrency market.

  • June 29, 2024

US District Court In Columbia Rejects SEC's Claim That BNB Secondary Sales Are Securities

According to PANews, the US District Court in the District of Columbia has dismissed the claim by the US Securities and Exchange Commission (SEC) that secondary sales of BNB are securities. The court's decision marks a significant development in the ongoing debate over the classification of digital assets. The SEC's claim was based on the assertion that BNB secondary sales fell under the category of securities, a classification that carries specific regulatory implications. However, the court rejected this claim, providing a potential precedent for future cases involving digital assets and their classification. This decision could have far-reaching implications for the digital asset industry, potentially influencing future regulatory decisions and the legal status of various digital assets. The court's decision is a significant development in the ongoing debate over the classification of digital assets.