Investing

The crypto market has recently seen a sudden surge, with XRP once again climbing above $3.30, garnering widespread attention. This surge stems from two key drivers: first, the momentum behind the XRP Spot ETF application, driven by institutions like CoinShares; and second, the conclusion of Ripple’s long-running legal dispute with the US SEC, with the SEC withdrawing its appeal and boosting market confidence.

Latest Market Forecast

As of August 11, 2025, XRP’s price has risen to $3.13, with significant increases in trading volume and capital inflows, and futures trading volume doubling from the previous day. Having broken through the key resistance of $3.30, the price is expected to rise to $3.50 to $3.70 in the short term, with a year-end target of $5 to $6.50. Institutions generally believe that the resolution of the lawsuit and the return of capital will drive medium-term gains.

As the market heats up, investors are looking to capitalize on rising prices while mitigating volatility risks. Cloud mining, offering a stable cash flow compared to short-term trading, has become a new option for many XRP holders. GoldenMining, a leading multi-currency cloud mining platform, is attracting widespread attention.

Goldenmining is a London-based technology company specializing in providing multi-currency cloud mining services to users worldwide. With over 90 global mining farms and seven years of operational experience, the platform utilizes intelligent algorithms to schedule computing power, ensuring stable and efficient mining output. Furthermore, Goldenmining supports payment in multiple cryptocurrencies, including XRP. Its efficient settlement system and fund management provide users with stable cash flow and secure asset protection.

As XRP rebounds, GoldenMining has improved its XRP support and launched a variety of cloud mining contracts that support XRP payments and profit settlement. The platform has a low threshold and flexible solutions to meet different funding and cycle requirements, providing investors with a stable cash flow.

Some contract products – income recommendations

$100 Investment – 2 Days – Daily Profit $3 – Total Profit: $100 + $6

(Elphapex DG1+)

$1,000 Investment – 10 Days – Daily Profit $13.5 – Total Profit: $1,000 + $135

(AntminerL916G)

$5,000 Investment – 20 Days – Daily Profit $70 – Total Profit: $5,000 + $1,400

(Elphapex DG Hydro1)

$8,000 Investment – 25 Days – Daily Profit $116 – Total Profit: $8,000 + $2,900

(Elphapex DG2 – 25-Day)

$15,000 Investment – 30 Days – Daily Profit $225 – Total Profit: $15,000 + $6,750

(Elphapex DG2+)

More contract details can be found on the GoldenMining official website.

Real user feedback:

“I chose to use XRP to purchase GoldenMining’s ElphaPex DG Hydro1 contract. Watching the numbers grow every day is a wonderful feeling. The entire process was incredibly smooth, and it was my most successful experience yet.”

Sarah Miller, Chicago Investor

Steps to start mining contract using XRP

Steps to start mining XRP contracts

Visit the goldenmining website and register an account to instantly receive $15 in cash.

Securely link your digital wallet.

Choose a mining contract that suits your funds and timeframe.

Start mining and receive automatic daily deposits.

Profit distribution is transparent, and daily income is instantly credited to your account. We offer a variety of payment methods, including Dogecoin (DOGE), Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Litecoin (LTC), and USDT (TRC20 and ERC20).

Fund security is guaranteed.

User funds are held in top-tier banks, protected by SSL encryption. Every investment is insured by AIG.

Environmentally friendly mining:

The mining farm uses renewable energy and is carbon neutral, achieving a win-win situation for both efficient mining and environmental protection.

Cloud mining contracts paid with XRP, planning for the future

Many XRP holders see the current window of opportunity to capitalize on market trends and achieve flexible asset management. By using GoldenMining’s XRP-payable hashrate contracts, they can generate a stable cash flow from their assets without frequent transactions. As market interest continues to heat up, this efficient and robust model may become a more popular choice.

For more information, visit http://Goldenmining.com or email info@Goldenmining.com

 

Disclaimer:

This content has been provided by GoldenMining and is published as received. GoldenMining is solely responsible for the information contained herein, including its accuracy and completeness.

This press release is for informational purposes only and does not constitute financial advice or an endorsement of any product or service. Readers should conduct their own research and consult a licensed financial advisor before making investment decisions.

At the heart of GROK40H lies a pioneering vision melding AI-driven intelligence with decentralized blockchain infrastructure. This isn’t another speculative token; it’s built to empower smart contracts with real-time AI decision-making. Features include AI-Oracles that feed on-chain contracts with dynamic, inference-based data, and autonomous contract optimization that adapts to evolving market conditions. Additionally, contributors supplying datasets or model training power can earn tokens, turning AI development into a participatory reward system. FX Empire

Why the Pre-Sale Bonus Matters

The current Pre-Sale event is structured to reward early adopters substantially—with bonuses stacking up to 200%. While most projects shy away from such high incentives, GROK40H’s tiered bonus model is strategically designed to drive early engagement and lock in long-term community support. GROK40H Pre-Sale For keen investors and innovators, this presents a rare opportunity to maximize value in the earliest phase.

Cutting-Edge Infrastructure & Funding Momentum

What truly sets GROK40H apart is its integration with top-tier hardware infrastructure—powered by NVIDIA technology designed for rapid inference and scalable model deployment across its decentralized network. FX Empire

On the financial front, the project isn’t short on backing. It recently secured $25 million in funding to reinforce its decentralized privacy platform, positioning itself as a trailblazer in quantum-secure AI solutions and privacy-enhanced blockchain. Noteworthy investors include Hack VC, Distributed Global, Hashkey, and strategic figures like Ansem, Arthur Hayes, and Meltem Demirors. With total funding surpassing $50 million, GROK40H is well capitalized to match its ambitious technological roadmap. International: Top News And Analysis

Real-World Utility & Security

Beyond investment hype, GROK40H provides tangible utility. Its AI-Oracles serve smart contracts with real-time, inference-backed insights, enabling functionalities like on-chain licensing, private DeFi analytics, and decentralized marketplaces for AI models. These are not hypothetical features—they target active inefficiencies in today’s blockchain ecosystems. The inclusion of privacy tools like homomorphic encryption and multi-party computation ensures sensitive data remains secure even within decentralized systems. International: Top News And Analysis

Risk Awareness & Strategic Engagement

No groundbreaking project is without risk. As a presale offering, GROK40H exists at an early developmental stage in a high-volatility, speculative environment. Prospective participants should conduct thorough due diligence, understand the token distribution mechanics, and recognize that timeline expectations may shift.

That said, for those aligned with the intersection of AI, chain privacy, and decentralized governance, and willing to take a calculated risk, the current up to 200% bonus Pre-Sale offers unique upside potential.

Final Thoughts

GROK40H offers a forward-looking convergence of AI-infused decision-making and blockchain architecture. From AI-powered oracles and adaptive smart contracts to quantum-enhanced privacy and high-profile funding, it aims to transcend mere token speculation. The current Pre-Sale featuring up to 200% bonus incentives—provides early adopters with a potentially high-value entry point.

If you’re looking to participate in the next wave of AI-blockchain innovation, explore GROK40H now at https://grok40h.cc/ and assess whether this convergence aligns with your vision for decentralized intelligence.

 

Disclaimer:

This content has been provided by GROK40H and is published as received. GROK40H is solely responsible for the information contained herein, including its accuracy and completeness.

This press release is for informational purposes only and does not constitute financial advice or an endorsement of any product or service. Readers should conduct their own research and consult a licensed financial advisor before making investment decisions.

Hockerty presents 3D TRY-ON – the only technology in the world that allows you to virtually try on your personalised shoes.

EXPLORE OUR 3D CONFIGURATOR

Testing technologies are becoming increasingly widespread in different markets, and Google 2D testing is already a reality for some brands in the US.

The future of sneaker shopping is here. Hockerty introduces its groundbreaking 3D VR Try-On — the only technology in the world that lets you virtually try on your personalised sneakers, directly from your smartphone.

With the exclusive 3D Configurator, you can design your sneakers step-by-step: choose from 7 models, mix materials, pick colours, and even add laser-engraved or perforated initials. Then, in one click, see exactly how they’ll look on your feet before you buy.

How it works:

• Create your design – Select styles, materials, and details to make them uniquely yours.

• Activate Virtual Fitting – No downloads needed.

• Point your phone’s camera at your feet – Augmented reality recognises your position and projects a lifelike 3D image of your custom sneakers.
  

This is more than a preview — it’s a real-time AR experience that lets you check proportions, match colours to your wardrobe, and fine-tune your design before ordering.

“Our mission has always been to make clothes and shoes you’ll want to wear every day,” says Alberto Gil, founder of Hockerty. “With this technology, your dream sneakers don’t just live in your imagination — you can see them on your feet before they even exist.”

No headset. No app. No limits.
Just your smartphone, your style, and the freedom to create without guesswork.

Step into the future with Hockerty — where personalisation meets innovation, and your next pair of sneakers is only a glance away.

Disclaimer:

This content has been provided by Hockerty and is published as received. Hockerty is solely responsible for the information contained herein, including its accuracy and completeness.

With the recent legal resolution between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, XRP has seen a notable increase in market sentiment. This settlement provides clear regulatory guidance, attracting institutional investors and driving a steady rise in XRP’s price. However, market volatility remains a significant challenge for cryptocurrency investors. In such an environment, JA Mining offers a stable income opportunity through its advanced cloud mining platform, providing users with consistent returns without the risks of market fluctuations. New users can also enjoy a free $100 registration bonus to kickstart their mining journey.

JA Mining Cloud Mining Platform: Your Path to Stable Returns

JA Mining offers AI-optimized fixed-income contracts, allowing users to deposit major cryptocurrencies like XRP, Bitcoin (BTC), and Ethereum (ETH) into the platform. By participating in cloud mining contracts, users can earn stable, daily returns in USD, ensuring that their income remains unaffected by the volatility of cryptocurrency prices.

Unlike traditional cryptocurrency investments, which depend on asset price fluctuations, JA Mining’s model focuses on consistent cloud mining operations, providing a predictable income stream. This structure allows investors to earn steady returns without requiring technical knowledge or complicated setups.

Key Advantages of JA Mining

• Low Risk, High Return: With JA Mining, users can deposit XRP, BTC, or ETH into cloud mining contracts and earn stable daily returns. The platform guarantees earnings in USD, removing the risks tied to cryptocurrency price volatility.

• AI-Driven Technology: JA Mining uses cutting-edge AI technology and continuously optimized mining algorithms to maximize efficiency and stability, providing a reliable income source for investors.

• Free $100 Registration Bonus: To make it easier for new users to start their journey, JA Mining offers a $100 bonus upon registration, allowing them to begin earning from day one.
  
  

Market Outlook: Expanding Opportunities

As the cryptocurrency market continues to present challenges, JA Mining remains focused on providing a secure, transparent, and sustainable investment model. With the steady growth of XRP and the continued interest from institutional investors, JA Mining is positioned for long-term success. The platform is expanding its market share as more investors realize the benefits of stable cloud mining returns.

Mining Contract Examples (Updated August  2025)

LTC Classic Miner – $200 | 2 Days | $7/day → Total: $14

DOGE Innovative Miner – $2,580 | 3 Days | $92.62/day → Total: $277.87

DOGE Quality Choice – $12,500 | 3 Days | $535/day → Total: $1,605

For more information or to register, visit https://jamining.com

About JA Mining

JA Mining is a leading cloud mining platform dedicated to providing global investors with secure, stable cryptocurrency returns. Using AI-driven technology, JA Mining allows users to participate in cloud mining contracts with major cryptocurrencies, generating predictable passive income. The platform ensures that users can enjoy stable returns, no matter how volatile the market becomes. Additionally, new users can take advantage of the free $100 registration bonus to get started with their cloud mining experience.

Media Contact:

JA Mining

info@jamining.com

www.jamining.com

 

Disclaimer:

This content has been provided by JA Mining and is published as received. JA Mining is solely responsible for the information contained herein, including its accuracy and completeness.

This press release is for informational purposes only and does not constitute financial advice or an endorsement of any product or service. Readers should conduct their own research and consult a licensed financial advisor before making investment decisions.

As landmark regulatory clarity ignites global adoption, XRP is pouring into corporate balance sheets, driving large-scale financial commitments and signaling a powerful shift in institutional crypto strategies. XRP is entering the spotlight as institutional demand accelerates.

This trend is not only driving XRP’s market value but also providing new opportunities for secondary appreciation of digital assets. As the amount of XRP held by businesses and individuals continues to grow, how to generate additional income from these assets has become a new focus.

LET Mining: Directly Start Cloud Mining with XRP

As a leading global cloud computing service platform, LET Mining has responded to market demand and now fully supports users activating cloud mining contracts with XRP, generating $5,880 in daily returns.

This means that businesses and individuals can simply deposit their XRP into the LET Mining platform to instantly start cloud mining services and enjoy daily automatic settlement of profits, without requiring any hardware or technical maintenance.

Low barrier to entry, easy operation

LET Mining’s XRP activation mechanism is very user-friendly:

1. Register an account → Receive a $12 bonus upon completion;
2. Deposit XRP → Use directly to purchase cloud computing power;

• Experience contract: investment amount: $100, contract period: 2 days, daily income of $4, expiration income: $100 + $8
• BTC classic computing power: investment amount: $500, contract period: 5 days, daily income of $6, expiration income: $500 + $30
• DOGE Classic Hash Power: investment amount: $3,000, contract period: 20 days, daily income of $42, expiration income: $3,000 + $840
• BTC Advanced Hash Power: investment amount: $5,000, contract period: 30 days, daily income of $75, expiration income: $5,000 + $2,250
• BTC advanced computing power: investment amount: $10,000, contract period: 44 days, daily income of $174, expiration income: $10,000 + $7,656

(Click here to view more high-yield contract details)

3. Launch the contract with one click → The system runs 24/7 and generates income;
4. Daily deposits → Profits can be withdrawn or reinvested, generating compound interest.

Compared to traditional mining, which requires expensive mining equipment, electricity costs, and maintenance, LET Mining reduces the entry barrier to almost zero.

Dual Advantages: Asset Preservation and Appreciation

For corporate and individual asset allocation, XRP offers high liquidity and fast transaction times. By investing XRP in cloud mining through LET Mining, investors can earn stable passive income without having to sell their assets.

This not only helps investors mitigate market volatility but also realizes additional value during long-term asset holding.

A Trusted Choice of Global Users

To date, LET Mining’s cloud mining services have been launched in multiple countries and regions, attracting a wide range of users, including institutional investors, crypto funds, and individual investors. As XRP continues to expand its use in corporate finance, this model will undoubtedly see even greater growth.

XRP’s breakthroughs in enterprise applications are driving its evolution from a “digital currency” to a “global settlement infrastructure.” LET Mining provides holders with a convenient way to convert their assets into stable returns. Whether you’re a corporate finance manager or an individual investor, now is the perfect time to use XRP to activate cloud mining contracts and embark on an era of passive income.

 

Official Website: https://letmining.com/

Official Email: info@letmining.com

 

Disclaimer:

This content has been provided by LET Mining and is published as received. LET Mining is solely responsible for the information contained herein, including its accuracy and completeness.

This press release is for informational purposes only and does not constitute financial advice or an endorsement of any product or service. Readers should conduct their own research and consult a licensed financial advisor before making investment decisions.

Firefly Aerospace boosts share price range in high-demand IPO, attracting global investor attention as space technology valuations surge and contract pipelines expand

Merifund Capital Management identifies Firefly Aerospace’s heightened initial public offering target as a clear signal of sustained institutional interest in the commercial space technology sector. The Cedar Park, Texas-based launch provider now seeks a valuation of up to $6.04 billion, with a revised share price range of $41 to $43 and projected proceeds of approximately $696.6 million from the sale of 16.2 million shares.

The company’s current trajectory represents a marked rise from its Series D valuation of just over $2 billion and reflects strong investor engagement during pre-IPO roadshows. Market performance indicators suggest early trading could sustain a capitalisation exceeding $8.5 billion, supported by operational momentum in both the Alpha rocket programme and the Blue Ghost lunar lander initiative.

Anthony Saunders, Director of Private Equity at Merifund Capital Management, notes that the valuation increase underscores confidence in Firefly’s “capacity to capture market share in orbital launch services and lunar delivery, while building a contracted revenue base that enhances long-term investment visibility.”

The revised pricing range marks a significant increase from the initial $35 to $39 framework, elevating expected proceeds from approximately $5.25 billion to the current $6 billion target. The shift, driven by institutional demand, further strengthens Firefly’s positioning within a sector experiencing rapid growth and heightened competitive interest.

Firefly reports year-to-date revenue of $55.9 million, up from $8.3 million in the comparable period of the prior year, equating to 573% growth. The $1.1 billion order backlog offers revenue visibility extending beyond the current fiscal cycle, though the net loss of $60.1 million reflects the capital intensity of scaling advanced aerospace programmes. Saunders observes that such losses are “a characteristic of high-growth aerospace ventures where strategic investment in production capacity and technology development is essential to future profitability.”

Merifund Capital Management’s assessment frames Firefly as a sector case study rather than an investment recommendation, noting that execution discipline in launch schedules will be central to sustaining investor confidence. “Public market interest validates the company’s proposition,” Saunders adds, “but consistent delivery against contract commitments will define long-term value creation.”

The IPO’s timing aligns with renewed energy in the technology listings market, evidenced by strong 2025 debuts from Figma, Circle, and Voyager Technologies. Merifund’s analysis places Firefly within this momentum cycle, highlighting how successful public offerings are influencing due diligence thresholds for subsequent space technology fundraising.

Firefly’s public listing strengthens the case for the sector’s inclusion in diversified institutional portfolios, supported by growing government partnerships and commercial demand for payload delivery solutions. Merifund emphasises selective engagement in such opportunities, balancing exposure to the sector’s growth potential with recognition of operational risks and scaling challenges.

About Merifund Capital Management

Established in 2010, Merifund Capital Management Pte. Ltd. (UEN: 201024554E) is a leading hedge fund management firm based in Singapore, specialising in traditional long-only asset management, long/short equity, global macro, event-driven, and systematic trading strategies. The firm strategically employs derivatives to optimise market opportunities while emphasising capital preservation, liquidity, and prudent risk management. Merifund actively integrates ESG considerations, adhering to rigorous global sustainability standards. Merifund serves accredited investors, family offices, foundations, endowments, and is expanding its offerings to retail investors. For further insights, visit https://merifund.com/insights. Media enquiries and additional information can be directed to Tao Yang at media@merifund.com or via https://merifund.com.

Disclaimer:
This content has been provided by Merifund Capital Management Pte. Ltd. (UEN: 201024554E) and is published as received. Merifund Capital Management Pte. Ltd. is solely responsible for the information contained herein, including its accuracy and completeness.

This press release is for informational purposes only and does not constitute financial advice or an endorsement of any product or service. Readers should conduct their own research and consult a licensed financial advisor before making investment decisions.

Luxury in the heart of Manhattan is cash, and nowhere is that more apparent than in the city’s thriving secondhand market for luxury watches and jewelry. Whether selling estate jewelry, brokering a rare Patek Philippe, or simply wanting to sell junk for cash, New York City presents a coveted and profitable place in which to do so.

A City Where Luxury Holds Its Value

New York is a strange marketplace. It’s an international magnet for collectors, investors, and resellers who appreciate first-rate craftsmanship. Unlike typical retailing, NYC’s resale market caters to precision: quick appraisals, educated buyers, and spontaneous sales. For the sellers, that means access to fair, competitive prices, especially when working with experienced professionals who understand the nuances of watch and jewelry value preservation.

Want to sell watches NYC? You’ve come to the right place. With high-end jewelers in Midtown and seasoned horologists in the Diamond District, NYC offers a sophisticated system of professionals who purchase new Swiss chronographs as well as antique dress watches. The best part: In most cases, you can get your watch appraised same-day and leave with cash.

The biggest advantage of selling in New York is access to genuine experts. These people understand how to estimate condition, provenance, and market trends, and not just metal weight. If you’re selling an Audemars Piguet Royal Oak, an Omega Speedmaster, or a Rolex Daytona, NYC’s resale network ensures that you get someone who understands their real value.

The Market for Haute Horology

Reserve horology tourbillons, perpetual calendars, and minute repeaters were not just to behold but sought after. Serious collectors of horology, especially those browsing brands like Patek Philippe, are constantly on the lookout for new models and references. This is to attempt to show the sellers in the best possible light: if you’ve got a best model, especially of an extremely sought-after make, NYC is one of the few places that you can find an old school Patek Philippe buyer who will see its worth.

Instead of trudging through mass-market outlets or risking undervaluation, the majority of sellers opt for personal, one-on-one valuations by watch specialists. Such buyers are able to identify condition issues, verify provenance, and set prices according to current demand in the marketplace, critical with a six-figure timepiece.

Even specialty timepieces from independent watchmakers see strong demand in the NYC market. Branding power is irrelevant; this is all about horological refinement, scarcity, and manual craftsmanship. Sophisticated consumers in the city get this.

Jewelry? There’s a Cash Market for That Too

While watches are receiving a lot of attention, jewelry, signed, vintage, or diamond, is still holding strong resale value. When people look for “cash for jewelry near me,” they’re typically looking for a convenient, low-stress way to trade jewelry for money with minimal wait or hassle. That typically means going to a pro’s office, getting a professional appraisal, and being offered an on-the-spot deal in Manhattan.

Certain kinds of jewelry sell in the secondary market in NYC:

• Items bearing signatures by such companies as Tiffany & Co., Van Cleef & Arpels, and Cartier.
• Jewelry from estates with provenance documentation attached
• Gems that are GIA-rated
• Novelty design-engraved special, antique, or rare gold pieces

The key is to find someone who will evaluate pieces not just for material worth, but for design, rarity, and resale value. 

In Brief

Downsizing, expanding, or divesting a well-preserved gem, New York City boasts one of the most stable, transparent, and profitable resale luxury markets. In a city where information meets opportunity, your jewelry and watches aren’t just worth something— they’re about-to-be-reaped investments.

The crypto market and its rules move fast. While buying, selling, staking, or minting tokens might seem easy to grasp, the behind-the-scenes tax implications are anything but. Every wallet transfer, trade, or NFT flip can create a complicated paper trail that must be accurately reported to stay compliant with tax authorities.

Yet many investors try to handle it all themselves or rely on basic tax software only to find out later that they’ve overpaid, underreported, or missed key deadlines. That’s where a cryptocurrency accountant becomes invaluable. In this article, we’ll explore the top seven mistakes cryptocurrency investors make without the guidance of a crypto CPA and how to avoid them before they cost you.

Mistake #1: Misreporting or Ignoring Capital Gains

One of the most common and costly mistakes crypto investors make is failing to properly report capital gains. Many believe taxes only apply when converting crypto into fiat, but in reality, every trade or swap, even between two cryptocurrencies (like ETH to SOL), is considered a taxable event in most jurisdictions.

Without clear reporting, investors may accidentally underreport income or miss deadlines, triggering audits, penalties, or fines. Others go the opposite route, overreporting or misclassifying short-term gains as long-term, leading to overpayment.

A cryptocurrency accountant helps eliminate these errors by accurately calculating gains and losses, applying the right tax treatment, and ensuring forms like IRS Form 8949 and Schedule D are correctly filed. They can also help you leverage favorable holding periods and optimize for long-term capital gains when possible.

Mistake #2: Not Tracking Cost Basis and Transaction History

With multiple wallets, exchanges, and blockchain networks, keeping track of your crypto transactions can quickly become too much to handle. Many investors neglect to document the cost basis (the original value of a crypto asset at the time of purchase), leading to inaccurate gain or loss calculations down the line.

The problem gets worse when users move assets between wallets, trade frequently, or participate in airdrops and rewards. Without a reliable tracking system, reconstructing your full transaction history at tax time can be nearly impossible.

A crypto CPA uses specialized tools to accurately track your cost basis, manage your holding periods, and reconcile even complicated multi-chain activity. This ensures that your tax reports are based on actual data and not guesswork, minimizing the risk of costly errors or overpayment.

Mistake #3: Overlooking Taxable Events in DeFi and NFTs

Many crypto investors assume that taxes only apply when selling a token for fiat, but that’s far from the truth, especially with DeFi and NFTs. Staking rewards, yield farming, liquidity pool earnings, token airdrops, and even NFT sales or mints can all trigger taxable events.

What complicates matters further is that many of these transactions aren’t clearly flagged as income or capital gains in traditional tax software. For example, receiving staking rewards is usually taxed as ordinary income, while swapping LP tokens or minting an NFT could fall into a gray area, depending on local tax laws.

Without professional help, these nuances are easy to miss. A cryptocurrency accountant ensures that every taxable event, no matter how obscure, is properly classified and reported. They help you avoid surprise liabilities while ensuring compliance with evolving tax regulations that are increasingly focused on DeFi activity.

Mistake #4: Using Unregulated or Anonymous Platforms

In the pursuit of privacy, many crypto investors turn to offshore, non-KYC exchanges or privacy-enhancing tools like mixers and anonymous wallets. While these platforms may seem convenient, they often come with hidden risks. 

Unregulated platforms lack detailed transaction reports or may not offer API access for syncing with tax software. This makes tracking gains, verifying cost basis, and documenting activity incredibly difficult. Worse, using tools designed to obscure funds can raise red flags with regulators and potentially trigger audits or investigations even if your funds are entirely legitimate.

A crypto CPA helps you avoid these pitfalls by recommending compliant platforms, structuring your activity to minimize audit risk, and providing support in case any transactions are flagged. They ensure that your crypto journey stays transparent, traceable, and tax-ready.

Mistake #5: Missing Out on Deductions and Loss Harvesting

Crypto investors often focus so much on gains that they forget about the opportunities that losses can provide. Just like in traditional investing, crypto losses can be used to offset capital gains, potentially saving you thousands in taxes. But without a clear strategy (or professional guidance), most investors either don’t track these losses properly or fail to report them at all.

Another missed opportunity is tax-loss harvesting, which is the strategy of intentionally selling underperforming assets before year-end to reduce your taxable gains. A crypto CPA can time these moves strategically, ensuring you stay compliant while minimizing your tax liability.

Additionally, many investors overlook other deductions, such as trading fees, stolen or unrecoverable funds, or costs associated with mining or running nodes. A cryptocurrency accountant will know what qualifies, how to document it, and how to apply it properly so you’re not leaving money on the table.

Mistake #6: Failing to File Required Crypto Tax Forms

Cryptocurrency investors are often surprised by how many forms are involved in staying tax-compliant. It’s not just about reporting gains and losses; there are specific forms for different types of transactions, income, and international holdings.

For example:

• Form 8949 is used to report capital gains and losses from crypto trades.
• Schedule D summarizes those totals on your tax return.
• Schedule 1 may be needed to report staking rewards or airdrops as income.
• If you hold assets in foreign exchanges or wallets, you may even need to file FBAR or Form 8938, depending on the value and location.

Missing one of these forms can delay your refund, trigger penalties, or flag your return for review. A crypto CPA knows exactly which forms apply to your situation, how to fill them out accurately, and how to avoid costly filing errors.

Mistake #7: Waiting Until the Last Minute

Crypto taxes aren’t something you can figure out in a single weekend. Between tracking thousands of transactions, calculating gains, reporting income from staking or airdrops, and ensuring accurate cost basis across wallets and platforms, the process can be time-consuming, even for relatively simple portfolios.

Yet many investors wait until just before the tax deadline to gather records or seek help, leading to rushed filings, missed deductions, or even the need to file an extension. In the worst cases, errors from last-minute filings can trigger audits or penalties down the line.

A cryptocurrency accountant encourages year-round planning and keeps your records organized, so you’re not scrambling when tax season hits. With proactive guidance, you can make smarter decisions throughout the year and reduce the stress and cost of last-minute compliance.

Conclusion

Cryptocurrency investing offers incredible opportunities, but it also comes with complicated tax and compliance responsibilities that many investors underestimate. 

Working with a qualified crypto CPA or cryptocurrency accountant helps you navigate this complexity with confidence. They ensure accurate reporting, uncover tax-saving strategies, and help you stay compliant with ever-evolving regulations.

Don’t wait for an audit or a surprise tax bill to realize you need professional support. With the right CPA on your side, you can protect your profits, reduce your tax liability, and stay one step ahead.

In the aftermath of a car accident, as the bills start to pile up, it is justifiable for you to look for ways to alleviate your financial burdens, and in the process you might wonder, how much is my case actually worth? Calculating damages is one of the core duties of an auto accident attorney in New York, and there is a lot more to it than just adding up the bills. 

In this post, the team at the Law Office of Eli Schmulik will be breaking down the damages that are considered, how certain damages are quantified, and how having the right legal representation can make a major difference in maximizing your compensation.

What are ‘Damages’? 

“Damages” refers to the monetary compensation that an injured person (the plaintiff) can claim to cover their expenses and return to the financial position prior to the accident and become “whole” again. There are primarily two types of losses that are considered when awarding damages to an injured person—economic and non-economic losses. 

Economic losses are the direct financial losses suffered as a result of the accident. They consist of medical bills, rehabilitation expenses, lost wages, and other expenses connected to the accident. Since economic losses have a set financial value, calculating your economic losses is simply a matter of adding up the bills. 

On the other hand, non-economic losses account for the intangible losses caused by the accident, such as pain and suffering, loss of consortium, and loss of enjoyment of life. These losses do not have a set financial value and are determined on a case-by-case basis. 

Furthermore, if your car accident case has been taken up in court, the judge/jury may sometimes award the plaintiff punitive damages. The principle behind punitive damages is to serve as a punishment and deter any future conduct of a similar nature by the defendant. There is no set value for punitive damages, and how much may be awarded is at the discretion of the judge and jury.

How are damages awarded in insurance and lawsuits? 

When it comes to car accidents in New York, you have the option of claiming compensation for damages via insurance or lawsuit. Since New York is a no-fault state, compensation for economic losses is guaranteed, regardless of your fault in the accident, under personal injury protection insurance (no-fault insurance). However, compensation under insurance is restricted to only economic losses. 

Alternatively, if you file a personal injury lawsuit, you can account for both economic and non-economic losses suffered as a result of the car accident. Furthermore, the judge may even award punitive damages in your favor if your case merits such an award. 

Depending on your case, your auto accident lawyer can advise you on what is the most appropriate route that can be taken to maximize your compensation. But keep in mind that in New York, you are required to go through the insurance claims process before you are allowed to take the matter to court. 

What are the methods used to calculate damages?

Calculating economic losses is a straightforward process. But since non-economic losses do not have a set monetary value, we have to determine a value that will be considered fair and reasonable under the circumstances. To do so, we often rely on two methods—the per diem method and the multiplier method. 

Under the per diem method, we determine a value per day for the pain and suffering and multiply said value by the number of days the pain and suffering persisted. For example, if the daily value was $500 and the pain and suffering lasted for a month, the damages would amount to $15,000. 

Alternatively, we have the more commonly used multiplier method. Under this method, we calculate all the economic losses a person has suffered and multiply the value by a multiplying factor between 1 and 5. To determine the value of multiplying factors, we consider factors such as the seriousness of the injuries and the impact the accident has had on the person’s work, daily life, and relationships. The more impact the accident has had, the higher the multiplying factor will be.

What can I do to prove damages in a car accident case?

When your auto accident attorney presents your claim to court, there will be questions on what basis such an amount was determined—making the presentation of corroborating evidence extremely important for the success of your case. Therefore, make it a point to gather as much evidence as possible; these can include 

• Medical records and bills 
• Police reports 
• Damage and repair estimates
• Expert witness testimony 
• Journal entries that document your pain and suffering 
• Sworn statements from friends, family, and co-workers that detail changes in behavior, actions, and mannerisms following the accident.

Conclusion 

Calculating damages to ensure that you receive the maximum compensation is one of the most important tasks performed by an auto accident lawyer in New York. At the Law Office of Eli Schmulik, our team understands the importance and value of your claim, and we will fight to ensure that every dollar of compensation reflects everything you’ve been through, from medical expenses to emotional distress and even the long-term impact on your quality of life. Don’t delay in your pursuit of justice. Schedule a free consultation with us, and let’s get started right away.

Car accidents can flip your life in the blink of an eye. If you’ve been in an accident in Brooklyn, your first 24 hours are crucial to maintaining your health, your rights, and your right to receive an award. If you reside in Brooklyn, Queens, or the Bronx, this will guide you through the first step following a collision. For additional guidance and legal advice, talk to a Brooklyn car accident lawyer. This is how to do it effectively and smartly.

1. Safety First

Inspect yourself and others for injuries immediately. If you are seriously injured, do not attempt to move and stay put until emergency services arrive. If you can safely move and it is safe, move to a location out of traffic. Flash hazard lights to alert other traffic.

2. Call 911

Even if the crash seems minor, call 911 to report the accident. A police report is required for insurance purposes and legal proceedings. Ensure that you provide the responding officers with an accurate report of the crash. Be objective; do not apologize or speculate about what happened.

3. Get Medical Help

Don’t delay seeking medical treatment. Numerous injuries, including concussions or internal trauma, are not apparent immediately. Go to the ER, urgent care, or have your physician see you soon after the crash. Your medical history will be valuable if you do choose to make a claim through a Brooklyn car accident lawyer down the line, especially if your injuries worsen.

4. Document Everything

Take pictures of the accident scene, vehicle damage, skid marks, signs, and your injuries, if available. Take note of information from the other driver, including name, contact, insurance, and license plate number. If there are witnesses, get their information too.

5. Contact Your Insurance Company

Contact your insurer within 24 hours. Provide them with a basic overview of the accident, focusing on the facts. Avoid giving a recorded statement without speaking to a car accident lawyer first. Insurance companies often look for ways to minimize payouts.

6. Don’t Post on Social Media

It might be tempting to put your experience on the internet, but don’t. Anything you say or do will be used against you by the other driver’s insurance company or attorneys. Do not mention a word on the internet about the accident until your case is closed.

7. Get a Local Car Accident Lawyer ASAP

You may be eligible for compensation for medical bills, lost wages, and pain and suffering, but time is running out. New York personal injury claims have strict filing deadlines. That’s why it is imperative to contact an attorney in the first 24 hours, if at all possible.

If it occurred in Brooklyn, consult a veteran Brooklyn car accident lawyer who understands local traffic law and procedures of the Brooklyn courts. If you are located in another borough, look for a Queens car accident lawyer or a Bronx car accident lawyer who can offer localized services. Having an attorney by your side in the early stages protects your rights and keeps you from saying or doing something that can hurt your claim.

8. Follow Up on Medical Treatment

Continue all recommended treatments and follow up with specialists as needed. Keep track of medical bills, prescriptions, and lost workdays. This documentation will support your injury claim and show that you’re taking recovery seriously.

9. Don’t Sign Anything Without Legal Advice

If the other driver’s insurance company calls you with an offer of a settlement, don’t do it until you have a car accident attorney review it for you. Initial offers are usually much less than what you should get. Your lawyer will go over your case and settle it for a reasonable amount.

Final Thoughts

The first hours following a car accident are frantic, disorienting, and emotionally exhausting, but the correct action can save the day. Put your health first, document all that happens, and seek legal assistance immediately. If you need a Brooklyn car accident attorney, Queens car accident attorney, or Bronx car accident attorney, use someone with a long history of success and extensive local experience.

Be safe, be calm, and protect your future — starting in the first 24 hours.