**Coinbase Sues SEC and FDIC Over FOIA Requests** In a significant development within the cryptocurrency industry, Coinbase has initiated legal action against the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). The core issue lies in the Freedom of Information Act (FOIA) requests that Coinbase filed, seeking more transparency and
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Source: CoinOtag
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IRS Reveals Final Draft For Crypto Broker Requirements
The Internal Revenue Service (IRS) did not include decentralized exchanges or self-custodial wallets under its crypto broker reporting requirements. The United States Internal Revenue Service (IRS) revealed its final draft of the new crypto broker reporting requirements on June 28, and clarified the scope of industry participants affected by the new rule changes. According to CoinOtag
Chinese Tech Giant Baidu Launches Ernie 4.0 Turbo Upgraded AI Model
Chinese tech giant Baidu has launched a new large language model (LLM), Ernie 4.0 Turbo, to stay at the forefront of AI development. It’s an upgraded version of the Ernie 4.0 model from October 2023, with faster responses and better performance. Reuters reports that people will get access to Ernie 4.0 Turbo via mobile apps CoinOtag