Author: Yeek.io

The Income Tax Appellate Tribunal (ITAT) in Jodhpur, India, has today clarified the taxation of crypto transactions conducted before the financial year (FY) 2022-2023. According to the ruling, profits from all such transactions will be treated as capital gains. ITAT Gives Clarity On Pre-2022 Crypto Taxation In what is considered a landmark ruling for India’s digital assets ecosystem, the ITAT declared that cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and others, were capital assets before April 1, 2022. Consequently, any profits earned from their sale during that period should be categorized as capital gains rather than income from other sources. For…

Este artículo también está disponible en español. As we approach the end of the year, Bitcoin (BTC) continues flying to new highs, setting bullish expectations for the rest of the cycle. Bitfinex’s latest reports suggest when BTC’s peak could come and how much climbing might be left for the flagship crypto. Related Reading Bitcoin’s ‘Unique’ Cycle In its latest Alpha Report, Bitfinex highlighted the crypto industry’s big strides in adoption and mainstream recognition this year, which have differentiated this cycle from previous ones. Notably, the launch and increasing institutional demand of Bitcoin and Ethereum spot exchange-traded funds (ETFs) have surpassed…

On-chain data shows the most massive Ethereum whales control most of the supply, with their holdings only continuing to grow. Ethereum Mega Whales Own More Than 57% Of All Tokens In Existence In a new post on X, the on-chain analytics firm Santiment has discussed how the ETH supply held by the different segments of the user base has looked recently. The indicator of relevance here is the “Supply Distribution,” which keeps track of the percentage of the Ethereum circulating supply that a given wallet group is holding right now. Addresses or investors are divided into these cohorts based on…

Introduction The Binance Launchpool has become a cornerstone for discovering and supporting innovative blockchain projects. By offering users the chance to farm tokens by staking cryptocurrencies, Binance continues to enable its community to access the most promising digital assets. One such standout project is Usual (USUAL), a token that has captivated crypto enthusiasts for its potential and utility. In this article, we explore how Usual integrates with Binance Launchpool and why it’s worth your attention. What is Binance Launchpool? Binance Launchpool is a platform that allows users to stake their existing crypto assets and earn rewards in the form of…

Homepage > News > Finance > Russian lawmaker proposes strategic BTC reserve A Russian legislator has proposed establishing a strategic BTC reserve for the country, which continues to struggle under the weight of thousands of sanctions. Anton Tkachev, a deputy in Russia’s lower house, the State Duma, urged Finance Minister Anton Siluanov to explore whether the country can hold BTC as a strategic reserve. “I ask you, dear Anton Germanovich, to assess the feasibility of creating a strategic reserve of BTC in Russia by analogy with state reserves in traditional currencies. If this initiative is approved, I ask you to submit…

PENGU Crypto – All you need to know The launch of the PENGU token by Pudgy Penguins is set to create waves in the cryptocurrency and NFT communities. Making its debut on 17 December, PENGU will be available for trading against popular pairs such as USDT, BNB, FDUSD, and TRY. With a total supply of 88.88 billion tokens, PENGU aims to cater to its vast ecosystem, including the Pudgy Penguins NFT collection, which has been seeing a surge in interest. Of the total supply, 25.9% is allocated to the NFT community and 24.12% is dedicated to other popular NFT projects…

Layer3 is excited to announce our newest partnership with Verse Network. Verse is a L2 solution built for optimizing DAOs. In their current form on L1 blockchains like Ethereum, DAOs often run into challenges like high transaction fees, slow transaction speeds, and friction with DApps. Verse tackles these roadblocks by creating a censorship-resistant and interconnected cloud for next-gen DAOs and DeFi. “DAOs cannot reach their full potential without the help of L2 and other scaling solutions for blockchains like Ethereum. Verse is a promising solution to the widespread problems that DAOs often face.” — Brandon Kumar, Layer3 Co-Founder Unlike ZK…

Crypto.com CEO Kris Marszalek has met with US President-elect Donald Trump to discuss the future of the industry ahead of the new administration’s entry into the White House. According to a new Bloomberg report, Marszalek and Trump recently met at Mar-a-Lago to discuss the possibility of a national Bitcoin (BTC) reserve, among other things. The exchange’s native token Cronos (CRO) shot up over 25% as news of the CEO’s meeting with Trump. Says a Crypto.com representative of the meeting, “We look forward to working with the new administration to develop and advance clear regulations for the crypto industry so the…

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful…