IRS Uses AI to Detect Crypto Tax Fraud
The Internal Revenue Service (IRS) is enhancing its oversight of cryptocurrency transactions through the use of artificial intelligence (AI).
In a groundbreaking move, the IRS released a draft of F...
High Bitcoin fees push active addresses down to 3-year low
On April 20, the day of the Bitcoin halving, total transaction fees paid to miners jumped to 1,257.71 BTC, the highest since December 2017.
The high amounts starkly contrasted with fees from the prev...
Western Union’s Digital Transactions Surge 13%
Western Union’s first quarter results took note of continued shifts to digital channels to send money across borders.
Branded digital transactions grew by 13% year over year (YoY), the company detai...
Meta Earnings Announcement Goes Big on AI
If anyone had any doubts about Meta’s long-term commitment to artificial intelligence (AI), they were erased in the first minute of the company’s earnings call on Wednesday (April 24).
While an...