The Federal Reserve announced on Wednesday, July 31, that it would leave rates unchanged. However, it signaled rate cuts could be coming soon. In the […]
Category: U.S. Government
US Prosecutors Seek Lengthy Prison Sentence for Binance Founder Changpeng Zhao
Last year, Binance and its then-CEO, Changpeng Zhao, pleaded guilty to money laundering and unlicensed money transfers and agreed to pay a $4 billion fine. […]
IRS Releases Preliminary New Crypto Tax Form for Reporting Transactions
The IRS (Internal Revenue Service) is the agency responsible for collecting U.S. federal taxes and enforcing compliance with US tax laws. On April 19, The […]
Crypto Exchange Gemini Settles With NYDFS – Agrees To Return $1.1 Billion to Customers
Gemini Trust Company, founded in 2014 by entrepreneurs Cameron and Tyler Winklevoss, is a crypto exchange and custodian bank that allows customers to trade, store, […]
Market Tumbles As Fed Holds Rates – Signals Hold For Longer
US stocks tumbled after the Fed Open Market Committee convened on Wednesday, January 31, 2024, at 2 P.M. After the meeting, the committee announced it […]
IRS Kicks Off 2024 Tax Season with Systems Upgrade
The Internal Revenue Service (IRS) started accepting and processing 2023 federal income tax returns on Monday, January 29, 2024. Taxpayers have until April 15 to […]