Author: Yeek.io

Knowing what to expect when it comes to crypto taxes is important for anyone entering the crypto space. As cryptocurrencies and digital assets grow in popularity, tax authorities worldwide are updating regulations to ensure individuals pay their fair share. Failing to properly report cryptocurrency transactions can result in penalties and additional tax liability. That’s why we’re going to give you a full breakdown of how cryptocurrency taxes work, how you end up owing, and how much you may need to pay. Then we’ll get into what kind of paperwork and recordkeeping you should expect, before giving you some actionable strategies…

Asian equities were broadly lower as investors exercised caution ahead of the US nonfarm payrolls data, which is expected to shape the Federal Reserve’s monetary policy outlook. Global financial markets have experienced volatility at the start of the year, with rising Treasury yields reflecting moderated expectations for Fed rate cuts. Concerns over a slowdown in Chinese economic growth further exacerbate the cautious sentiment in Asia. Nikkei extends losses to third day The Nikkei 225 Index in Japan also faced losses, declining 0.49%, to 39,411.76. Weakness was observed across most sectors, with index heavyweights and financial stocks leading the decline, while…

One savvy crypto trader and deep-pocketed investor is drawing attention for making huge profits trading meme token Pepe (PEPE). Blockchain tracking firm Lookonchain says an anonymous trader moved 427 billion Pepe tokens worth $8.5 million at the time of the transfer to US-based crypto exchange Kraken where the crypto trove could potentially be sold on the open market. Meanwhile, the whale continues to hold one trillion PEPE worth $18.4 million at the time, showing a profit of about $2 million. According to Lookonchain, the same trader just last month gained millions of dollars in profit by selling all his Pepe…

XRP has displayed unusual price action, standing out as the broader crypto market faces aggressive retracements. Despite the widespread downturn, XRP has managed to hold above critical demand levels, signaling relative strength in the face of uncertainty. This resilience has piqued the interest of analysts and investors, who are starting to see the potential for a significant move in the coming weeks. Top analyst CrediBull shared a detailed technical analysis on X, highlighting XRP’s current trajectory. According to CrediBull, while the price may dip slightly in the short term, this movement could serve as a precursor to the next major…

Bitcoin price extended losses and traded below the $93,500 zone. BTC is correcting gains and might struggle to recover above the $95,000 level. Bitcoin started a fresh decline from the $95,500 resistance zone. The price is trading below $95,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $93,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $91,200 support zone. Bitcoin Price Turns Red Below $95K Bitcoin price failed to start a recovery wave above the…

From mecha suits for the mind to agentic interfaces, the Ethereum visionary weighs in. Ethereum (ETH) co-founder Vitalik Buterin has lately expressed both hope and caution on artificial intelligence. He highlighted the dual potential of AI in a series of tweets on X: as an existential threat due to the unfettered growth of autonomous systems, or as a revolutionary instrument to improve human skills. AI done wrong is making new forms of independent self-replicating intelligent lifeAI done right is mecha suits for the human mindIf we do the former without the latter, we risk permanent human disempowerment. If we do…

Several major tech companies and executives are making donations to President-elect Donald Trump’s inauguration fund, signaling a shift in tone as his second term approaches. Microsoft Corp., Alphabet Inc.’s Google, and Adobe Inc. have each pledged $1 million, joining other industry giants like Amazon.com Inc., Meta Platforms Inc., and OpenAI CEO Sam Altman in contributing to the fund. Boeing, Toyota, and Uber are also among the companies donating $1 million each. These contributions have helped Trump’s inaugural committee amass a record-breaking $170 million, dwarfing the $63 million raised for Joe Biden’s inauguration in 2021 and the $53 million raised for…

Recent data shows a significant increase in active addresses and transaction volumes, indicating heightened activity on the network. On the technical front, APT exhibits the potential for a breakout, as both derivative and spot traders place bullish bets on the token. Despite some signs of recovery, Aptos [APT] has struggled in the short term. At press time, the token was down 6.27% in the past 24 hours, reflecting the broader market downturn. Over longer timeframes, APT’s performance has remained under pressure, with a 27.20% decline over the past month and a 7.23% drop in the last week. However, certain market…

Este artículo también está disponible en español. Despite the recent Bitcoin price crash, crypto analyst TradingShot has suggested that this is not the end of the road for the flagship crypto. This came as he revealed why BTC could still rally to as high as $200,000 in this market cycle.  Bitcoin Price Set To Rally To $200,000 Despite Recent Crash In a TradingView post, TradingShot predicted that the Bitcoin price could rally to $200,000 despite the recent market crash. The analyst noted that Bitcoin has started this new year with high volatility amid geopolitical and economic news input. He added…

Este artículo también está disponible en español. Bitcoin has faced intense selling pressure since Tuesday, following a strong breakout above the $100K mark. The rally, which many investors hoped would solidify Bitcoin’s bullish structure, quickly reversed, driving the price down to a low of $92,500. The sudden downturn has rattled market sentiment, leaving investors cautious about the immediate direction of the crypto market leader. Related Reading Top analyst Axel Adler has shared crucial data on X, highlighting Bitcoin’s nearest support levels. According to Adler, the key levels to watch are between $86.8K and $89.7K, representing the short-term holders’ realized price.…