Author: Yeek.io

India could lose over $2 billion in tax revenue from cryptocurrency transactions over the next five years due to its tax policies driving traders to offshore platforms, according to a recent report. The December report from Indian technology think tank Esya Centre reveals that the government has already missed out on collecting over INR 6,000 (roughly $724 million) crore in tax revenue from virtual digital assets since July 2022 as traders migrated to offshore exchanges to avoid compliance burdens and high tax rates. After overturning a 2018 shadow ban, India levied a 30% capital gains tax on cryptocurrency transactions, which…

Bitcoin led a crypto market correction early Monday, taking BTC to the $92,762 level and putting it down over 12% over the last seven days. At the tail end of the weekend, well-known blockchain security expert Taylor Monahan who works for crypto wallet MetaMask reported that several addresses linked to the DPRK were trading on Hyperliquid, a decentralized perpetuals exchange with its own chain. Monahan said the North Koreans were likely testing out the network before considering it as a target for their next attack. In its Discord channel, Hyperliquid disagreed with Monahan’s analysis and said that there was no…

They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved…

Binance Alpha is a new addition to the Binance Wallet. It highlights early-stage crypto projects with potential for future listings. Although many investors were initially excited, the performance of these tokens has been underwhelming.Investor @sankin_eth shared data showing that 12 out of 29 tokens announced last week now have lower Fully Diluted Valuations (FDV) than before. Only four tokens among the top performers doubled in value. At the time of listing, these tokens had market caps between $10 million and $20 million.Binance Alpha aimed to increase transparency in token reviews and help traders identify promising projects. However, the underperformance of…

The Road to Altair edition 🛣⭐️ tl;dr Pyrmont forks, testing in progress After a series of small but very valuable Altair devnets, Pyrmont — a large public testnet — upgraded last week. The transition to Altair went off without a hitch, setting the stage for the next wave of testing and upgrades. This week, Pyrmont is being put through the ringer as we run a number of test scenarios on the soon-to-be-deprecated testnet. Don’t panic! At the time of writing, Pyrmont is already 482 epochs without finality with a large share of validators taken offline for a few days. Such…

Cardano Steady Above Key Support Level Maintaining its position over the 50-day moving average (50DMA) in the low $0.90 range, Cardano (ADA) is demonstrating resistance. Offering hope to investors, the crypto market is trying to recover over a limited holiday trading week. Traditionally, the last trading days of the year bring hope in conventional markets; now, crypto traders are observing a similar trend following last week’s volatility resulting from Federal Reserve actions. ADA dropped dramatically last week to $0.76, its lowest price in recent months. Still lagging 30% behind its December highs of over $1.30, it is now trading above…

Homepage > News > Business > AI predictions for 2025 It’s nearly impossible to go online, read a newspaper, or watch television without hearing about artificial intelligence (AI) in some way, shape, or form. In November 2022, when OpenAI launched ChatGPT and made AI accessible to a general audience that lacked a technical or academic background, for the first time in history, the AI genie left the bottle, and there are no signs of putting it back in. Since then, we’ve seen enormous progress and innovation in the AI industry. From the text-based chatbots that kicked off the wave to generative image and audio AI and advancements in…

At press time, POL seemed to be trading within a broader bullish structure, despite some market pressure Hike in selling activity has heightened bearish momentum, with a potential for further declines Over the past week, POL has dropped by 18.90% on the charts, with bearish sentiment dominating the market. In the last 24 hours alone, the asset recorded a 1.15% decline, further solidifying the bears’ grip on the market.  An analysis by AMBCrypto revealed that POL’s prevailing downtrend may be far from over though. Especially with the asset poised for deeper losses in the near term. Can a bullish pattern…

Chaincode Labs, a privately funded Bitcoin research and development centre based in New York City, has awarded its inaugural Bitcoin Scholarship to 17-year-old Ishaana Misra, the youngest contributor to Bitcoin Core in the technology’s 15-year history.Misra was selected from 232 applicants globally for the scholarship, covering one year’s academic expenses. She can renew it annually to potentially fund her entire undergraduate education.”This scholarship exists to encourage young people to consider a career in Bitcoin open source development,” said Adam Jonas, CEO of Chaincode Labs. “In order to do that, they need experience. This seemed like the right kind of incentive…

Ripple’s XRP has been the subject of recent media attention, and for good reason. The cryptocurrency has experienced a significant increase in 2024, with a gain of over 258% since the start of the year. XRP’s price had risen significantly from its low of $0.22 in early 2021 to approximately $2.30 as of mid-December. XRP has now surpassed stablecoin Tether (USDT) to become the third-largest cryptocurrency by market capitalization, a testament to its extraordinary growth. Related Reading Linda Jones, a well-known wealth mentor, has just lately delivered her most current newsletter, which has generated a great deal of excitement among…