Category: biden
US Treasury calls for stricter cryptocurrency rules, IRS reporting for transfers over $10K
President Biden’s vision for an empowered, expanded IRS is poised to have a big impact on cryptocurrency trading. According to a new report from the U.S. Treasury Department, the administration wants to put new requirements in place that would make it easier for the government to see how money is…
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Biden’s labor secretary thinks many gig workers should be reclassified as employees
Biden Labor Secretary Marty Walsh charged into the white hot issue of the gig economy Thursday, asserting that many people working without benefits in the gig economy should be classified as employees instead. In an interview with Reuters, Walsh said that the Department of Labor is “looking at” the gig…
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Biden proposes ARPA-H, a health research agency to ‘end cancer’ modeled after DARPA
In a joint address to Congress last night, President Biden updated the nation on vaccination efforts and outlined his administration’s ambitious goals. Biden’s first 100 days have been characterized by sweeping legislative packages that could lift millions of Americans out of poverty and slow the clock on the climate crisis,…
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Crypto market takes a dive with Bitcoin leading the way
Cryptocurrency prices continued to tumble Friday with Bitcoin leading the charge, with prices for the internet currency dipping below $50,000 for the first time since early March. Bitcoin is down roughly 20% week-over-week, around 30% from its all-time-high of nearly $65,000 early last week. The market cap of the coin…
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Biden’s cybersecurity dream team takes shape
President Biden has named two former National Security Agency veterans to senior government cybersecurity positions, including the first national cyber director. The appointments, announced Monday, land after the discovery of two cyberattacks linked to foreign governments earlier this year — the Russian espionage campaign that planed backdoors in U.S. technology…
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The Department of Defense is establishing a working group to focus on climate change
The U.S. Department of Defense is setting up a working group to focus on climate change. The new group will be led by Joe Bryan, who was appointed as a special assistant to the Secretary of Defense focused on climate earlier this year. The move is one of several steps…
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