Search results for IRS
Industry
Korean battery makers counterattack in ESS to sweep high-value North American market
South Korea’s three major battery makers are expanding in energy storage systems (ESS) as Chinese companies increase their share of the global EV battery market. The firms are securing multi-year contracts in North America, focusing on data centre demand, high-output products and full-system deliveries. U.S. rules restricting supply chains supported by certain foreign entities are also helping. Companies are widening chemistry options and increasing output, while brokerages see profitability improving as shipments rise and costs stabilise.
Crypto
After Binance hack, CZ says FBI helped limit bitcoin decline
Binance founder Changpeng Zhao said U.S. investigative agencies helped keep bitcoin from falling more after a $6.3 billion security breach at Binance. He said the FBI, IRS Criminal Investigation and the Secret Service supported tracking and freezing stolen funds. His comments came after the FBI publicly identified a North Korean hacking group as behind the theft of more than $6 billion in crypto.
Crypto
Tech group including Amazon, Apple and Google urges U.S. Senate to pass Clarity Act
The U.S. Consumer Technology Association (CTA), whose members include Amazon, Apple and Google, urged the U.S. Senate to quickly pass the Clarity Act, a digital asset market structure bill. Senator Cynthia Lummis publicly backed the measure, saying developers should not need lawyers to determine whether their code is legal. The bill would divide oversight between the SEC and CFTC, set standards for tokens and include protections for open-source developers and self-custody providers.
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Crypto
Bitcoin rebounds after breaking below $60,000; focus on AI funding shift and rate outlook
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Finance
Korea Exchange, Nextrade to close on local election day and Constitution Day
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Crypto
U.S. crypto tax rules hamper everyday bitcoin payments
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Crypto
OpenAI releases US industrial policy for the AI era, five changes crypto investors should watch
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Crypto
U.S. IRS proposes allowing Coinbase, Kraken and other crypto exchanges to use electronic tax filing
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Crypto
Crypto.com launches integrated IRA product for stocks and cryptocurrencies
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Games & Commerce
Coupang self-probe under fire over laptop forensics, government cooperation row