Author: Yeek.io

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Seasoned trader sees XRP strongly above $1 as ADA and LCAI look to steal the spotlight. A seasoned trader has declared XRP’s price is now firmly anchored above $1, signaling strong momentum for the token. While XRP celebrates this milestone, the spotlight is shifting toward Cardano (ADA) and Lightchain AI (LCAI), two projects poised for explosive growth. Cardano’s consistent development and robust ecosystem continue to attract attention, but it’s Lightchain AI, priced at just $0.003 during its presale, that’s…

Bitcoin price started a recovery wave above the $95,000 level. BTC might continue to rise if it clears the $100,00 resistance zone. Bitcoin started a decent upward move above the $95,000 zone. The price is trading above $95,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $95,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $96,000 support zone. Bitcoin Price Starts Recovery Bitcoin price remained supported near $92,500 and started a recovery wave.…

Steady progress tl;dr Altair progress Altair, the first planned upgrade of the Beacon Chain, continues to make steady progress. Last week, we released Beacon Chain spec v1.1.0-alpha.6 — Protostellar Evolution. While this is an alpha release, barring a security or practical engineering concern, the spec is unlikely to change from here on in. Client teams are busy as they pass consensus test vectors and stand up short-lived testnets. Teams will make timeline decisions in the next few weeks as Altair code changes stablize and initial multi-client interop is performed. If you want to learn more about the upgrades coming to…

If you’re curious about crypto tax in India, you’re not alone. With so many people getting into digital assets, questions like “Is crypto taxable in India?” are more common than ever. The short answer? Yes, it is! Understanding Indian cryptocurrency taxes is now a must if you want to stay on the right side of the law.  In this guide, we’ll walk you through how to pay crypto taxes in India, covering the basics of reporting your crypto gains and losses. So, let’s dive into what you need to know about crypto tax India. Key Takeaways: India taxes crypto profits…

A widely followed crypto analyst is identifying the downside price target for smart contract platform Cardano (ADA) if it undergoes another correction. In a new video update, crypto strategist Benjamin Cowen tells his 849,000 YouTube subscribers that if the Federal Reserve doesn’t bring back quantitative easing (QE), then ADA could continue to slip. “There’s also a chance [ADA] could go lower, especially if it follows what it did last cycle… If it were to drop 56%, that would actually put you below $0.60, which is right where it went last time… There’s always a chance that it comes back down…

The US tax regulator, the Internal Revenue Service (IRS), has restated its stance on cryptocurrency staking, clarifying that rewards generated from staking activities are taxable as soon as they are received. The IRS added that staking rewards do not constitute new property, and are therefore subject to immediate taxation upon generation. IRS Confirms Crypto Staking Taxable On Receipt According to a recent Bloomberg report, the IRS reiterated its position that digital asset staking rewards should be taxed as income as soon as they are generated and made available to the recipient. This outcome of the case is expected to have…

Toncoin (TON) appears to have now entered a notable phase in its market cycle, presenting potential opportunities for investors. A recent analysis by CryptoQuant analyst Joao Wedson highlights that TON has moved into a favorable risk zone for accumulation, as indicated by the Normalized Risk Metric (NMR). This metric evaluates an asset’s price risk relative to historical data, providing a clearer picture of whether the current price levels are suitable for investment or if caution is warranted. Toncoin Current Market Outlook The NMR uses moving averages such as the 50-day and 374-day simple moving averages (SMA) along with logarithmic differences…

It’s always fun to hear about new grants as they’re awarded, but what happens after the announcement? In this series, we’ll check in on a couple of projects that are well underway – or already at the finish line. Read on to learn about some recent milestones and achievements by grantees! GSN GSN (Gas Station Network) provides a decentralized infrastructure for dapp builders to decrease friction in their UX by abstracting away transaction costs. A network of relayers make “collect calls” to paymaster contracts which can implement any logic for gas payment conditions. A dapp developer could choose to cover…

Exploring the NFT world can be tricky, with many projects lacking authenticity. At NFT Droppers, we offer reliable ratings by examining over 70 detailed factors. We dive into NFT features, structure, roadmaps, technical details, and token utility. We also look at media presence, website traffic, and community engagement. Our team checks the whitepaper, investment timeline, market potential, and existing user base to gauge the project’s vision. We thoroughly verify team members to ensure authenticity and provide all essential information for investors. Our ratings are frequently updated, and we continuously improve our methods. Trust NFT Droppers for insightful and current NFT…

Journalist Posted: December 25, 2024 High relative strength for VIRTUAL against the rest of the market was a sign. Prices could target $5.4 in the coming weeks. Virtuals Protocol [VIRTUAL] has gained 28.68% in the past 24 hours and there was no stopping the AI token. Its trading volume was up by 102% at press time and was at $402 million in the past 24 hours, data from CoinMarketCap showed. Many altcoins performed well on Monday the 23rd of December, but VIRTUAL was one of the popular ones that was close to price discovery despite the volatility of the past…