Questions remain about how to interpret and enact new rules requiring large cryptocurrency payments to be reported to the IRS along with the sender’s personal data.According to Coin Center’s interpretation of the proposed amendments to the U.S. Internal Revenue Code, U.S. cryptocurrency users engaged in trade or business will now be required to report all cryptocurrency transactions over $10,000 to the Internal Revenue Service.Coin Center Executive Director Jerry Brito pointed out the amendments that went into effect on January 1 in a post on Tuesday. Amendments introduced in the Infrastructure Investment and Jobs Act of 2021 would apply the same…
Author: Crypto Flexs
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October 6th What are the runes of Bitcoin? Post time: 19:03h education by admin Bitcoin Runes are unique, fungible tokens that exist on the Bitcoin blockchain. It is designed to represent fungible assets with unique characteristics and metadata. Casey Rodamor, the creator of the Ordinals protocol, recently withdrew his proposed replacement for the BRC-20 fungible token protocol. These replacements are known as Runes. Deciphering the Mystery of Bitcoin Runes In the rapidly growing world of Bitcoin-based tokens, the Runes protocol stands as a disruptive new protocol with the potential to rebalance the existing dynamics of poorly implemented token schemes in…
Recent advances in AI have been greatly influenced by the Transformer architecture, a key component of large models across fields as diverse as language, vision, audio, and biology. However, the complexity of Transformer’s attention mechanism limits its application in processing long sequences. Even sophisticated models such as GPT-4 suffer from this limitation. Breakthrough Advances with StripedHyena To address these issues, Together Research recently open sourced StripedHyena, a language model that boasts a new architecture optimized for long contexts. StripedHyena can handle up to 128,000 tokens and has demonstrated improved performance over the Transformer architecture in both training and inference performance.…
Community and EducationEthereum Cat ShepherdA community group that supports Ethereum core developers through project management, communication, and coordination.Community and EducationEthCCEthereum FranceA developer and community conference was held in Paris, France.Community and EducationEthereum HNA grassroots Ethereum community group that organizes meetups, workshops, and developer events in Honduras.Community and Educationether university Content and Educational ResourcesNathan LeongCommunity building and educational resources for engaged undergraduate students ETH Summer Learning Program.Community and EducationTunisia: ETH spring community developmentScott Moses SunartoBuilding and supporting a community for ETH Spring undergraduate study programs, formatting and migrating content to ETH Spring Website For public consumption.Community and EducationTunisia: ETH SummerTherese Cresalia…
When collecting coins, sometimes the seemingly ordinary coins turn out to be the most valuable. The same cannot be said for the 2015 coins, as many collectors and investors are now discovering. If you have a 2015 coin lying around, you might want to take a closer look because you may be sitting on a gold mine without even realizing it. Rarity of 2015 coins One of the main reasons the 2015 coin has become so valuable is its rarity. Due to various reasons such as mint number and production errors, some 2015 coins are now very difficult to obtain.…
The cryptocurrency market in 2023 was dominated by three key stories. These included artificial intelligence (AI), GameFi, and meme coins. This trio has attracted significant investor attention and sets the stage for altcoins to take note in 2024. While it is important to understand the potential drivers of the cryptocurrency market this year, it is also important to highlight 15 altcoins that could make waves in the industry. AI tokens take the lead According to CoinGecko, the most compelling story in 2023 is AI, with cryptocurrency stories accounting for 11.3% of interest. The surge in AI has been fueled in…
In 2023, the NFT market experienced a notable decline in sales, but transaction volume surged along with the rapid rise of Bitcoin and Solana in the NFT space. This comprehensive analysis explores these contrasting trends, detailing declining sales, increasing transactions, and the evolving dynamics of NFT trading and financing. Declining sales, rapid increase in transactions NFT sales in 2023 totaled $8.7 billion, a sharp decline from $23.74 billion in 2022 and the lowest since 2019. In contrast to this decline, the number of NFT transactions increased significantly from 54,857,850 the previous year to 90,607,554 in 2023. This indicates that participation…
I’m trying to understand how these related reconfigurations and forks work in Bitcoin. I went through all the questions (about 80/90) related to: chain-reorganization I think the tags have given me some insight into how everything works, but there are still some uncertainties. This will be explained below. Let’s start by asking questions, starting with how we understand reorganization and fork. The answer that most helped me understand how it all works (Thank you to these great people!): Merch: Peter Wille: Ava Chow: First, we would like to thank everyone for their understanding and help, and we sincerely apologize for…
Memecoins took the biggest hit in today’s market sell-off, losing nearly double its average market capitalization. Matrixport’s report this morning regarding a possible rejection of a Bitcoin ETF application by the SEC triggered significant liquidations across the market. In four hours, the market lost more than $540 million, with Bitcoin and Ethereum falling nearly 10%. However, the meme coin market appears to have come to the sharp end of liquidation, with all major meme tokens today losing more than 10% of their value. Bonk, the latest and most popular meme coin, is down nearly 16% today, with the token down…
Although this is not approval from the Securities and Exchange Commission, the Fidelity Wise Origin Bitcoin Fund has been approved to list on the CBOE exchange, according to a new SEC filing.Of course, this depends on whether the SEC grants Fidelity the authority to offer a spot Bitcoin ETF to investors. As of now, there is still a week left for the SEC to approve, deny or postpone a decision.Bitcoin ETFs, which have been the white whale of the cryptocurrency market for the past decade, will give traditional investors exposure to Bitcoin without the need to purchase and store the…