The US Treasury finalizes tax rules for crypto

Welcome to the primary day of July. Summer time is right here in earnest, however let me maintain you, briefly, indoors with tales of finalized guidelines for crypto within the US, and the way Lego is making bricks from stardust.

A brand new rule finalized by the US Treasury Division will make sure that folks that dipped their toes into crypto (and crypto buying and selling) are paying the correct quantity on their gross sales. The brand new rule would require cryptocurrency platforms like exchanges and cost processors to report their customers’ transactions to the IRS. Brokers must begin reporting gross sales proceeds on digital property in 2026 for all transactions completed in 2025, which suggests crypto merchants are nonetheless on their very own for now.

The rule will make simpler for folks to declare their earnings as a result of their brokers will now have to supply them with a 1099 type. The shape has a threshold of $10,000 to report on transactions involving stablecoin, that are cryptocurrencies that observe fiat cash just like the US greenback.

— Mat Smith

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Officers insisted in a press convention Friday afternoon that astronauts Butch Wilmore and Suni Williams are usually not “stranded” on the Worldwide House Station. “We’re not in a rush to come back dwelling,” mentioned Steve Stich, supervisor of NASA’s Business Crew Program. Boeing’s Starliner has been docked with the ISS since June 6 for what was meant to be a 10-day flight check. Nonetheless, throughout method, the craft skilled issues with 5 of its thrusters, and a identified helium leak appeared to worsen.

It was initially said that Starliner might solely keep docked on the ISS for a most of 45 days as a consequence of limitations with its batteries, however Stich mentioned throughout the convention that these batteries are being recharged by the house station, so this may be prolonged.

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The US has the next incarceration price per 100,000 folks in its inhabitants than another NATO nation. Hashem Al-Ghaili, a molecular biologist and science communicator, claims he’s obtained the answer. In an interview with Wired, he outlined how a digital jail might work. As a substitute of locking prisoners up for lengthy intervals of time, prisoners can be subjected to synthetic reminiscences in a digital atmosphere. The system creates custom-made AI-generated content material that’s transformed to visible data and delivered to the prisoner’s mind in addition to the components of their DNA and RNA linked to reminiscence formation to determine a long run reminiscence sample. There are a variety of wrinkles and street bumps, however the largest could also be that such know-how simply doesn’t exist.

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Image of a lego brick made with moondustImage of a lego brick made with moondust

Lego

Lego has teamed up with the European House Company (ESA) to make Lego items from precise meteorite mud. They’re on show at a number of Lego retailer places till September 20, though all of it isn’t only for giggles, or Lego equipment upsell. It’s a proof of idea to indicate how astronauts might use moondust to construct lunar constructions.

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