The #IRS grants businesses a temporary reprieve, halting the $10,000 #crypto transaction reporting rule. Critics cite complexity. #CryptoTax #USA #CryptoRegulations Read More The post IRS Temporarily Suspends $10,000 Crypto Reporting for Businesses appeared first on Crypto News L...

This Scotty the AI price prediction guide forecasts the future price for $SCOTTY - a new AI-based crypto project.

2023 was a landmark year for Deepcoin, a year that saw it cement its position as a major player in the cryptocurrency market.

Once again the social elite gathered in Davos for the World Economic Forum (WEF) – a global event bringing together the most influential players in politics and business to discuss the upcoming trends in business.

IRS and Treasury say businesses do not have to report cryptocurrency receipts until new regulations are issued. In a press release on Jan. 16, the Internal Revenue Service (IRS) said in a joint statement with the U.S. Treasury Department that…

IRS and Treasury say businesses do not have to report cryptocurrency receipts until new regulations are issued

Joseph Bankman and Barbara Fried said the familial relationship is "not actionable" and denied involvement in allegedly fraudulent transfers.

An abandoned EPA probe in Louisiana’s “Cancer Alley” shows why the US needs human rights principles to combat gaping pollution disparities.

Mobile app provider Joint Stock Co. Kaspi.kz’s shareholders are planning to sell 9 million American depositary shares in an initial public offering.

The UK is creating a new panel of business and government representatives to monitor access to vital goods, as part of a long-awaited strategy to protect the economy from supply chain shocks.

Crypto mining firm Core Scientific is ready to emerge from bankruptcy and re-list on Nasdaq, the mining firm said Tuesday.

The Internal Revenue Service said Tuesday that businesses won't have to report digital assets in the same way they do cash until new regulations are …

Banks such as Morgan Stanley (MS) and Goldman Sachs (GS) reported their quarterly earnings Tuesday morning, with mixed results. Many on Wall Street often turn to banks as a sign of things to come for the year. What can investors learn from these reports? Chris McGratty, KBW Head of U.S. Bank Research, joins Yahoo Finance to discuss the recent mixed earnings reports from banks and his outlook for the year. When asked about pricing of bank stocks in current market, McGratty claims: "They're cheap. Banks are always cheap. In my 20-year career they've always been cheap because of the value aspect of the business, the regulation. What's interesting is the speed at which the market re-rated this group. We went from 8 to 9 times earnings to 11 to 12 pretty instantaneously, when the Fed [did] the pivot in December. What we think is fair value for the group right now is around 10, 11 times and there's work we've done with where level of interest rates are in the multiple. We had a big run into the year. It's not surprising we've seen the air come out of it." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

AI is all the buzz—and the world of advertising does not appear to be an exception. Meta has high hopes for the role of artificial intelligence in advertising, with CEO Mark Zuckerberg saying on a recent earnings call that “AI is going to change advertising in a big way.” Meta Head of Global Business Nicola Mendelsohn joins Yahoo Finance Live at the World Economic Forum in Davos, Switzerland to discuss the incorporation of AI in advertising and how the company is leveraging AI for advertisers. Mendelsohn states that current AI tools in its Meta Advantage suite have assisted in “really significant growth for advertisers" who have seen “better targeting and better performance.” Mendelsohn sees a “cautious optimism” from advertisers who utilized internet advertising less in 2023. According to Mendelsohn, access to tools are not limited to size, noting: “It’s always been about the democratization of digital marketing,” with companies of all sizes utilizing features such as reels for advertising.With the upcoming presidential election, Mendelsohn states the company is “constantly working out what our [Meta’s] playbook is,” in terms of political advertising regulations—not just in the US but globally. It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, where our team is speaking to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year. Editor's note: This article was written by Eyek Ntekim.

The tax law would require business-related crypto transactions over $10,000 to be reported like cash, but it's not quite ready yet.

The 2024 election season is well under way. With two very different economic policies from frontrunners President Joe Biden and former President Donald Trump, the outcome is very much on the mind of business leaders around the world. What the video above to see what some of those leaders attending the Wold Economic Forum annual meeting in Davos, Switzerland had to say. See the full interviews below: Stifel Financial CEO Ron Kruszewski (SF): 'Every hard landing starts with a soft landing': Stifel CEO Eurasia Group Founder and President Ian Bremmer: Ian Bremmer on 2024 election, Trump: Yahoo Finance at Davos  Bank of America CEO Brian Moynihan (BAC): Business leaders talk 2024 election in Davos It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year.Watch this full episode of Yahoo Finance Live here. Editor's note: This article was written by Nicholas Jacobino

Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland continues as Yahoo Finance sat down with top leaders to discuss the economic outlook for 2024. Here are some of the highlights. Bank of America CEO Brian Moynihan (00:00:03) Bank of America CEO Brian Moynihan (BAC) explains why he thinks we will see a soft landing. “What a soft landing is, you don’t go negative in GDP growth on a quarterly basis… So now [our team’s] basic view is we drop from the growth rate in the third quarter 4 plus, down to 1 percent annualized GDP growth for the first three quarters. That is a soft landing. It didn’t go negative, but it landed and got near zero… That’s the prediction… And that’s largely due to the consumer,” Moynihan says. Guggenheim Partners Investment Management CIO & Managing Partner Anne Walsh (00:00:43) Guggenheim Partners Investment Management CIO and Managing Partner Anne Walsh discusses why she believes we will see “a mild recession.” “We’ve seen the yield curve being inverted for 300 plus days is a precursor to recession historically. And our view is, is that we are going to see a mild recession… just a good old-fashioned slowdown in business,” Walsh explains. “We’re just a little bit more concerned that the economy will slow down more than that soft landing view.” Walsh adds that she thinks of “the economy as almost two economies now.” “There’s the big companies, the big market participants, they all seem to be doing pretty well. They’re coming into this slowdown cycle with a tailwind... However, the small and midsize businesses in the U.S.,” Walsh explains, “that’s a different story. They’re going to be having to refinance as a refinancing wall in coming with commercial industrial loans, particularly in small and midsize banks.” Stifel Financial CEO Ron Kruszewski (00:02:02) Stifel Financial CEO Ron Kruszewski (SF) discusses expectations for rate cuts from the Federal Reserve in 2024. “The Fed will cut less than the market thinks and not as soon as the market thinks,” Kruszewski notes. “The definition of a soft landing would be that the Fed could cut while the economy’s strong. But the reason I tapped those expectations down a little bit, is that the Fed really was concerned about inflation… And I don’t see the Fed just saying ‘oh we’ve solved the problem’ by March.” Kruszewski adds that “a hard landing starts with a soft landing.” Harvard University Professor of Economics Kenneth Rogoff (00:02:47) Kenneth Rogoff, Maurits C. Boas Chair of International Economics at Harvard University, explains why “the Fed just doesn’t know what it’s looking for.” The Federal Reserve “wants to find a path of interests rates so that inflation’s stable. They don’t know what it is and they’re going to feel it out,” Rogoff says.

Speaking to Yahoo Finance's Julie Hyman and Brian Sozzi at the World Economic Forum in Davos, Switzerland, Honeywell (HON) CEO Vimal Kapur is eyeing the conglomerate's "next chapter" focused on prioritizing growth across the company in 2024. Central to Honeywell's growth strategy, Kapur says there are three macro drivers that "have a huge impact on all of us in our daily life": aviation, automation, and the broader energy transition. While targeting 4-7% annual growth, Kapur notes near-term headwinds still constraining aerospace include supply chain disruptions, which aren't reflective across the entire economy. However, he envisions substantial growth long-term from "electrification" in the aerospace industry. Kapur cits recent moves, like acquiring Carrier Global's (CARR) securities unit, are directly building on existing strengths, generating revenue and margin upside, calling it "an extension" of Honeywell's current business model. In closing, Kapur emphasizes Honeywell's transformation into "a growth-oriented company," reallocating toward key secular trends including automation and sustainable tech. It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year. Watch this full episode of Yahoo Finance Live here. Editor's note: This article was written by Angel Smith.

With the Federal Reserve keeping Interest rates higher for longer and ongoing, escalating geopolitical conflicts, questions around the potential for a global recession are arising. More than half of chief economists surveyed by the World Economic Forum say the global economy will slow down. Kenneth Rogoff, Maurits C. Boas Chair of International Economics at Harvard University, joins Yahoo Finance's Julie Hyman and Brian Sozzi to give insight into the potential for a global recession, what it could look like, and the impact it may have on broader markets. When asked about the potential of multiple interest rate cuts from the Fed, Rogoff affirms: "It sort of depends if you think we're going to have a recession or not. If you think we're going to have a recession, yes, but if we're just having a soft landing, absolutely not. I think in fact, I've been saying this to you for a while, the super low interest rates we saw particularly from 2012 through 2021, the real ten-year interest rate average is zero... Forget it. That's not coming back for a long time." It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year. Editor's note: This article was written by Nicholas Jacobino

How to best incorporate AI models, especially in the workplace, still controls discussions happening around the office and the C-suite. But the more companies lean into adopting artificial intelligence, the risks around this new tech remain blurry. Yahoo Finance’s Julie Hyman and Brian Sozzi sit down with Accenture (ACN) CEO Julie Sweet at the World Economic Forum in Davos, Switzerland to discuss AI risk management and whether CEOs or government regulators should take the lead on addressing this. Sweet states that in recent conversations with CEOs, less than 2% of executives could identify how AI is being used in their companies and its risks. Sweet insists there needs to be a movement from implementing principles to "operationalizing" risk assessment processes. "It starts now and you can’t wait until the regulation.” It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year. Watch this full episode of Yahoo Finance Live here. Editor's note: This article was written by Eyek Ntekim.

Goldman Sachs (GS) beat fourth-quarter earnings results, while simultaneously posting the bank's lowest annual profit since 2019. Morgan Stanley's (MS) reported fixed-income and equities trading revenue fell short of Wall Street expectations, overall beating top-line forecasts. Many on Wall Street look towards bank earnings as an outlook for the remainder of the year and while these results were disappointing for some, is there more to the story? HSBC Head of US Financials Research Saul Martinez, joins Yahoo Finance to discuss what bank earnings indicate for the broader market narratives. Martinez discusses these earnings results: "Goldman's outlook and Goldman's results, I would say would reenforce the turnaround and the transformation that they're seeing where they're looking to reconfigure their asset wealth management business where they're reducing losses in the consumer business and continuing to gain share and position themselves well for a rebound in investment banking, whereas Morgan Stanley showed that wealth management, which is a big driver for them, still faces some challenges..." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

Yahoo Finance Live checks in with Stifel Financial CEO Ron Kruszewski (SF) at the World Economic Forum in Davos, Switzerland to discuss his outlook for the US economy and the potential for a Federal Reserve pivot. While some investors expect rate cuts as soon as March, Kruszewski believes, "the Fed will cut less than the market thinks and not as soon as the market thinks." With inflation still a paramount concern, he believes the Fed won't suddenly declare "‘we’ve solved the problem’" after one lower inflation release. Though recent data has some optimistic the US will see a soft landing, Kruszewski cautions "there's so many variables we don't know" - especially given that global geopolitical events could upend stability. Case in point, he flags concerns about fraying economic partnerships like the Bretton Woods trade system. If coordination unravels and countries "throw sand in the gears", it may impact prices and trade, reversing promising inflation progress, he explains. While "everything is set up" for steady growth on paper, Kruszewski notes too much doubt persists whether from Fed missteps or external shocks. It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year. Watch this full episode of Yahoo Finance Live here. Editor's note: This article was written by Angel Smith

Howard Lutnick, CEO of Cantor Fitzgerald, said Tether has the funds it claims in its reserves. Cantor is a Tether custodian.

The Republican Party showcased a variety of leading names across its 2024 candidate pool, but former President Donald Trump remains a frontrunner for the party nomination in the US presidential election this year. "The media is talking about Nikki Haley, but [Ron] DeSantis has still been far better known nationally, in terms of pooling in second place," Eurasia Group Founder and President Ian Bremmer tells Yahoo Finance's Julie Hyman and Brian Sozzi at the World Economic Forum in Davos, Switzerland. Haley was "trying to make the argument that it's a two-person race — it is not a two-person race, it's a one-person race." Bremmer lays out the economic risks and geopolitical concerns tied to a Trump-Biden rematch in the 2024 election. "Just under the ice is sheer panic on the part of, certainly, every European leader," Bremmer states on global leaders' feelings on a Trump re-election. It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year. Watch Yahoo Finance's full interview with Ian Bremmer here, or you can watch this full episode of Yahoo Finance Live here. Editor's note: This article was written by Luke Carberry Mogan.

Generative AI is one of the key topics at the 2024 World Economic Forum Annual Meeting in Davos, Switzerland, with companies and brands from all over the world sharing innovations and thoughts of the future of the technology. The popularity of generative AI will impact companies like Verizon Communications (VZ), which controls the wireless networks which will transmit so much of this data. Verizon Chairman and CEO Hans Vestberg joins Yahoo Finance's Brian Sozzi and Julie Hyman to discuss how Verizon will implement generative AI into its business, take measures to solidify customer retention, and more. It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year.Watch this full episode of Yahoo Finance Live here. Editor's note: This article was written by Nicholas Jacobino

The use of cryptocurrencies is growing with each change in the time of year. This led to the emergence of specialized services that allow users to

Chainlink has integrated Circle’s cross-chain transfer protocol with its CCIP system — aiming to securely move USDC across networks.

The startup's DIMO network is a decentralized data protocol with a companion app allowing users to view their car data and earn rewards. 

With the Federal Reserve's continued higher for longer interest rates, the economy has slowed to a pace at which it may reach its target inflation goal of 2%, without triggering a recession. Many on Wall Street are now all but sure that this will allow for a soft landing, but is there more at play?  Bank of America CEO Brian Moynihan (BAC) sits down with Yahoo Finance Anchors Brian Sozzi and Julie Hyman from the World Economic Forum in Davos, Switzerland to discuss the potential for a soft landing, factoring in the labor market, the housing market, and more.  It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year. Editor's note: This article was written by Nicholas Jacobino

Climate change, future of work, and geopolitics are among the key topics at the World Economic Forum in Davos, Switzerland. PepsiCo (PEP) is no stranger to sustainability as the company launched PepsiCo Positive, with the goal of reaching net zero carbon emissions by 2040. PepsiCo CEO Ramon Laguarta joins Yahoo Finance Executive Editor Brian Sozzi from the World Economic Forum in Davos, Switzerland to discuss climate change, sustainability, and more. It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year. Editor's note: This article was written by Nicholas Jacobino

Demand for Solana Mobile's Saga phone surged in December amid an arbitrage opportunity presented by the bonk tokens that come with the phone.

Top minds in global business at the World Economic Forum take a shot at estimating the impact to the labor market from the proliferation of AI.

Binance and Gulf Innova have joined forces to launch Binance TH, a cutting-edge crypto exchange tailored for the Thai market. The exchange, which is now open for business, represents a strategic collaboration that prioritizes security, transparency, and local support. CEO Nirun F...

The theme of the 2024 World Economic Forum in Davos, Switzerland is “Rebuilding Trust.” This comes amid escalating geopolitical tensions and rapid technological advancements. The biggest advancement in tech and the word most heard around Davos: AI.In 2023, artificial intelligence began to have an impact on every business and even every individual. From jobs to skills, and regulations and governance, AI came up in every conversation. AI is a driving force at the World Economic Forum this year. Top leaders have not shied away from weighing in on the AI debate. Yahoo Finance had the chance to speak to Microsoft Co-Founder Bill Gates, Nasdaq CEO Adena Friedman and Harvard University Chair of International Economics all about the AI progression.It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year.

Our how to buy Scotty the AI ($SCOTTY) guide shows investors how to invest in the presale of an an AI-powered innovative blockchain tool.

A report was recently released by Nasdaq on the state of the world's financial system, detailing financial fraud and various other activities. Nasdaq (NDAQ) CEO and President Adena Friedman joins Yahoo Finance's Julie Hyman and Brian Sozzi from the World Economic Forum in Davos, Switzerland to discuss the report, spot Bitcoin ETFs, outlook for Nasdaq, AI, and more. Financial fraud (00:00:00) "If you look at the problem that we're dealing with, we're dealing with money laundering and financial fraud. And it is a $3 trillion problem in terms of money that's laundering through the system and about a $500 billion issue with fraud. Those are just staggering statistics," Friedman said. "And then what we did was we broke it down into different types of money laundering activities, whether that's human trafficking or terrorist activity. And then in fraud you look at things like romance scams versus elderly abuse. And so you see these different human tragedies kind of playing out in the data. And that's one of the things that we try to do is bring the data and the analytics as to how big this problem was." Spot Bitcoin ETFs (00:04:16) "I don't think spot ETFs for crypto, for bitcoin necessarily is going to create any sort of new challenges. I think what that's saying is really more that the evolution of the crypto market, and particularly the Bitcoin market, is such that the underlying price formation is to the level that the SEC is willing to allow retail investors to invest in a security that's a layer on top of Bitcoin, right? They don't actually have to invest in Bitcoin itself," Friedman explained. "They can invest in a security that's in a regulated market that allows them to express their views on the future of Bitcoin prices, but they don't actually have to buy the Bitcoin themselves. There's still a lot of friction, I think, in the system around actual buying and selling of Bitcoin, but I also would say that it does make that asset class more accessible to retail. So the need for investor protection is as strong as it always has been." Company outlook (00:05:48) "We really have transformed to be a global technology company that serves the financial system. And of course, our markets are our foundation and they're extremely technologically driven, right? They're very advanced technology in itself. In fact, we have our first SEC approved AI order type that we're launching this quarter," Friedman said. "So what does that mean? It means that it's an order type that factors in like about 150 different factors every second to determine the ... speed at which certain orders should be executed to maximize the fill rate. It's a very esoteric rule, I mean an order type, but it shows that innovation is very, very alive inside the markets." AI (00:07:00) "I think that, well, we hope they (AI companies) come to market via Nasdaq. I do think that AI driven companies, AI enabled companies and AI companies themselves, those companies that can really help transform business. I think that those are the types of companies you'll see more and more of coming out to the public markets," Friedman said. "Very exciting time, I have to say, because every company can benefit from this next generation of technology. I think you can look at every industry and gen AI has applicability. So companies that help unlock that potential are going to be, I think, companies that a lot of investors are looking at." It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year. Editor's note: This article was written by Zach Faulds.

The Bill and Melinda Gates Foundation focuses closely on climate challenges, and 2024 will be a pivotal year for climate change. Former Microsoft (MSFT) President and CEO Bill Gates joins Yahoo Finance's Julie Hyman and Brian Sozzi from the World Economic Forum in Davos, Switzerland to discuss climate challenges and the impact that the 2024 election could have on climate change in the United States. 2024 election and climate impact (00:00:00) "I'm a huge believer in more generosity to poor countries, to help them with their climate challenges," Gates said. "The U.S. government is the biggest player, and getting the group in that maintains generosity, spends that money well for health challenges and climate challenges. I hope we achieve that." Collaboration with current administration (00:01:13) "In both health and climate, they've been very engaged. I'm one voter, you might guess how I'm going to vote, but we've been able to work with every administration," Gates explained. "It's human charity, it's caring, it's creating a stable world. So hopefully we can make the case no matter who's elected." Inflation Reduction Act (00:01:46) "The IRA has helped these early stage companies that my group called Breakthrough Energy has funded over a hundred of those companies," Gates said. "And I'd say about 30 of them are able to go build pilot plants aggressively, because with the tax credit, they get bootstrap." It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year. Editor's note: This article was written by Zach Faulds.

Cryptocurrency exchange Bitget has launched a new initiative dubbed the “Blockchain4Her” group which aims to support female-led businesses. It is no secret that the blockchain and Web3 sector has been historically male-dominated. Blockchain4Her will launch incubation programs tai...

Cryptocurrency exchange Bitget has launched a new initiative dubbed the “Blockchain4Her” group which aims to support female-led businesses. 

The post OKX’s Fintech FZE Wins Dubai Virtual Asset License! appeared first on Coinpedia Fintech News Fintech FZE OKX’s Middle East business division obtained Dubai’s virtual asset license. It will be offering local currency trading pairs AED/BTC, AED/ETH, and more. This will com...

HashKey Group said it plans to use the new capital to expand product offerings for its licensed business in Hong Kong.