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Edwin Poots has resigned as leader of the DUP after less than a month in the post.

Mr Poots is standing down following an internal revolt against him but will stay in post until a successor is elected.

Speaking on Thursday evening Mr Poots said: “I have asked the Party Chairman to commence an electoral process within the Party to allow for a new leader of the Democratic Unionist Party to be elected.

“The Party has asked me to remain in post until my successor is elected.

“This has been a difficult period for the Party and the country and I have conveyed to the Chairman my determination to do everything I can to ensure both Unionism and Northern Ireland is able to move forward to a stronger place.”

On Thursday, a meeting of DUP party officers was held in Belfast following speculation that a revolt to oust Mr Poots could be on the cards with him potentially facing a vote of no confidence.

Earlier, Mr Poots formally nominated Lagan Valley MLA Paul Givan as Northern Ireland’s new first minister at a special sitting of the Stormont Assembly.

But a significant majority of the DUP representatives opposed the decision.

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SEC will classify Ether as security, deny spot Ether ETFs — Michael Saylor

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SEC will classify Ether as security, deny spot Ether ETFs — Michael Saylor

The MicroStrategy executive speculated that the SEC would consider Ether, BNB, Solana, XRP, and Cardano unregistered crypto asset securities.

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CFTC Commissioner wants to create AI Fraud Task Force

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CFTC Commissioner wants to create AI Fraud Task Force

Commissioner Kristin Johnson’s remarks came just a day after the CFTC appointed its first chief AI officer.

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How to determine crypto cost basis for accurate tax filings

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How to determine crypto cost basis for accurate tax filings

Calculating the cost basis of cryptocurrency for tax purposes involves considering purchase prices, transaction fees and events such as hard forks or staking rewards.

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