DAX Gains On Relief At French Election Results

German stocks advanced on Monday as investors reacted positively to the first round of the French election results. French far-right\'s significant win in the first round of parliamentary elections wasn\'t as impressive as expected, leaving the final result dependent on party deals before a second-round next weekend. Meanwhile, investors shrugged off the results of a...

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Gary Gensler Warns about AI's Impact to Financial Systems, Doesn’t Touch on Cryptocurrency

SEC chair Gary Gensler. Source: A video screenshot, YouTube / SECSecurities and Exchange Commission (SEC) Chair Gary Gensler has previously warned that artificial intelligence (AI) could lead to the next financial crisis. Gensler once again elaborated on this topic during a virtual fireside chat hosted by the non-profit advocacy organization Public Citizen on Jan. 17.  ...

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Crypto Investors Beware: IRS Crypto Tax Reporting Rules for $10k+ Transactions Now in Effect

The controversial crypto tax reporting requirements within the bipartisan infrastructure bill signed into law in 2021 are now in effect as of January 1. These new Internal Revenue Service (IRS) rules mandate that cryptocurrency brokers report personal information on digital asset transactions over $10,000, including customers’ names, addresses, and social security numbers, within 15 days....

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