Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Bybit Card Presents Valentine’s Special: 14% Cashback for 24 Hours Only

DUBAI, UAE, Feb. 7, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce an exclusive Valentine’s Day promotion for Bybit Card holders. On Feb. 14, 2025, users can earn 14% cashback or up to 10 USDT on eligible transactions, helping couples make the most of their special day. The promotion aims to provide relief from traditional Valentine’s Day price premiums while rewarding cardholders who plan special experiences on the special day. To participate, users must register for the event in advance: Registration Period: Sign up for the event from Feb. 7 to 14, 2025 Event Period: Tap or swipe the Bybit Card Feb. 14, 2025, from 12:00 AM UTC to 11:59 PM UTC to qualify for 14% cashback. Since its launch in 2024, the Bybit Card has attracted over 1.2 million users globally by offering an innovative payment and rewards solution that seamlessly integrates cryptocurrency into daily spendings and payments. Users also earn competitive APR on their digital assets while maintaining easy access to their funds. The card comes with fun and sweet surprises all year round in diverse forms of rewards. Feature Highlights: Instant Virtual Card : Successful applicants will get to use the virtual card instantly, compatible with Apple Pay and Google Pay on supported devices. Global Spending Freedom: Use crypto or withdraw cash from Mastercard-supported ATMs worldwide with the physical card. No Hidden Charges : No annual fees, 2% cashback in USDT, and up to 8% APY (conditions apply). Supporting multiple digital assets : Flexible spending and rewards in USDT, BTC, ETH, and other major cryptocurrencies. The Valentine’s Day promotion is limited to the first 5,000 eligible transactions. Users may find out more about the event and terms and conditions: It Starts With a Swipe and Ends With 14% Cashback! #Bybit / #TheCryptoArk / #TheBybitCard About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube AMB Crypto

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Kraken’s U.S. crypto tax guide 2025: All you need to know for U.S. crypto tax season

In a recent Kraken survey, 84% of surveyed crypto holders expressed concerns about tax laws affecting their returns. As tax season rolls around, crypto investors in the U.S. need to be aware of their tax obligations. Kraken’s U.S. crypto tax guide 2025 has all the information you need to stay compliant as you file your 2024 tax year taxes. What you’ll find in Kraken’s U.S. crypto tax guide 2025 To help you navigate the complexities of crypto taxation, Kraken has put together a comprehensive guide covering the key topics you need to understand before filing your taxes: 1. How the IRS classifies crypto As far as the IRS is concerned, crypto isn’t cash — it’s property. That means buying, selling and even spending digital assets could result in taxable events. The guide breaks down the difference between taxable and non-taxable transactions so you know what to report. 2. Capital gains vs. Income tax on crypto Whether your crypto is subject to capital gains tax or ordinary income tax depends on how you acquired it. The guide explains how different activities — such as trading, mining, or earning staking rewards — are taxed. 3. Tracking and reporting crypto transactions Keeping accurate records is essential for calculating your tax liability. The guide provides insights into: How to determine your cost basis (the original price of your crypto) What happens when you sell, trade or gift crypto The tax implications of moving crypto between wallets and exchanges 4. Common tax mistakes to avoid Many crypto investors make avoidable mistakes, such as misreporting transactions or overlooking taxable events. Our guide highlights these pitfalls and offers tips to ensure you file correctly. 5. Tax reporting tools and strategies The guide also explores crypto tax software and other tools that can help automate calculations, generate reports, and make filing your taxes easier. Why this matters The IRS treats cryptocurrencies like Bitcoin , Ethereum and even NFTs as property , which means that many transactions – whether you’re trading, staking or receiving an airdrop – can have tax consequences. Failing to report these transactions correctly can lead to substantial penalties, so understanding how crypto is taxed is more important than ever. With tax laws evolving, our U.S. crypto tax guide 2025 can help you understand your obligations, stay on the right side of U.S. crypto tax law and potentially minimize your tax burden. Ready to dive deeper? Click below and get ahead of tax season before the April 15 deadline! Kraken’s U.S. crypto tax guide 2025 These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here . The post Kraken’s U.S. crypto tax guide 2025: All you need to know for U.S. crypto tax season appeared first on Kraken Blog . AMB Crypto