The minimum wage for 2025 is set at 22,104 TL. Cryptocurrency purchasing power has significantly declined for minimum wage earners. Continue Reading: Government Sets Minimum Wage for 2025 at 22,104 TL The post Government Sets Minimum Wage for 2025 at 22,104 TL appeared first on COINTURK NEWS .
Artificial intelligence is quietly taking over Formula 1 (F1). Not in a flashy, futuristic way, but as a cold, calculated tool completely changing how teams approach the world’s most intense motorsport. At McLaren’s headquarters in Woking, England, AI doesn’t scream for attention, but its influence is undeniable. The 60-year-old racing giant has reportedly made AI the backbone of its operations, fine-tuning everything from race-day strategies to commercial growth. Dan Keyworth, McLaren’s director of business technology, revealed how the team is using machine learning to sharpen its edge. By simulating probabilities, they’re training AI models to predict everything, down to the finest details of pit stop efficiency and tire performance. “We’re an organization that’s used traditional machine learning for a long time,” Keyworth said. Now, they’re taking it to the next level with real-time data analysis and digital twins—3D digital replicas of their cars—that recreate track conditions in frighteningly accurate detail. AI simulations sharpen race-day decisions The competition in Formula 1 isn’t limited to the track. Off-track, it’s a battle of brains, servers, and algorithms. McLaren’s digital twins are just one weapon in their arsenal. These virtual models allow teams to simulate and tweak the performance of their cars based on real-world conditions. It’s all part of the broader AI strategy, which Keyworth said focuses on three pillars: car performance, daily operations, and fan engagement. During a race, every second counts. McLaren uses generative AI to predict what might happen on the track, from the best time to make a pit stop to the optimal tire choice for shifting conditions. “What AI allows us to do is game out actual scenarios and go, ‘What will happen?’” Keyworth explained. The models are so precise that the results often border on the “almost scary.” But McLaren isn’t alone in this AI arms race. Aston Martin Aramco has its own data-driven playbook. Clare Lansley, the team’s chief information officer, explained that machine learning helps predict patterns by analyzing vast amounts of data on tires, weather, and track conditions. Their “data lakes” store enormous volumes of information, which their algorithms crunch to improve decision-making. “The speed of these developments is really impressive,” Lansley said. The ultimate goal? Free up engineers to focus on car performance instead of drowning in repetitive tasks. Red Bull Racing has also embraced AI with a vengeance. Guillaume Dezoteux, head of vehicle performance at the Italian team, said the technology trims down the need for hundreds of simulations. AI-powered insights let teams make decisions faster and with precision, shaving off milliseconds that could mean the difference between winning and losing. Connectivity fuels F1’s AI revolution Formula 1’s AI transformation would fall apart without one key ingredient: connectivity. It’s the backbone that holds the sport together. Every race, McLaren reportedly packs up mobile data centers—mini server rooms—and flies them around the world. These units process data in real-time, ensuring that engineers at the track and back in Woking can communicate seamlessly. These portable data hubs enable McLaren to process vast amounts of information, from real-time car telemetry to live race strategies. He also uses AI to personalize fan experiences, particularly in emerging markets like the U.S., where the sport is exploding in popularity. By tailoring content to fans’ preferences and delivering it at the right times, McLaren is deepening its connection with its audience. Keyworth said the team is working to make fans “feel more connected” through targeted, AI-driven engagement. On the business side, AI is helping streamline operations. Keyworth described it as a tool for replacing “laborious” tasks, not human workers. The goal is to make workflows faster and more efficient, allowing employees to focus on high-value activities rather than mundane administrative work. “You want to unlock your team to do the things that you hired them for,” he said. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
Donald Saves Crypto could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Donald Saves Crypto (DONALCRY), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because DONALCRY is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Donald Saves Crypto can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Donald Saves Crypto could become the next viral memecoin. Donald Saves Crypto launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Donald Saves Crypto on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Donald Saves Crypto by entering its contract address – Gyy3ss5Yj2ioZWuz6BNbDPGUGUxhwoCskRuU2cGo9k2Q – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DONALCRY. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Memecoin influencer Murad has revealed new data showing PEPE as the leading memecoin community in terms of users with over $1,000 worth of tokens. According to Murad, this metric serves as a strong indicator of community belief and activity in the memecoin space. The chart shared by Murad highlights that 77,145 PEPE holders have assets exceeding $1,000, representing 21.5% of the entire PEPE community. This figure puts PEPE at the top of all memecoin communities. Following behind PEPE, WIF comes in second with 24,147 users holding more than $1,000. Other notable memecoins on the list include SPX6900, POPCAT, and MOG, which rounds out the top five. Related News: Veteran Analyst il Capo Finally Reveals the Altcoins in His Portfolio Murad notes that the number of significant holders reflects the vitality and engagement of a memecoin community and is a useful metric for gauging the health and long-term potential of these projects. PEPE price has remained almost unchanged over the past month and is trading 31% lower than its all-time high at the time of writing. *This is not investment advice. Continue Reading: Data Revealed: This Memecoin Has the Strongest Community
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Cryptocurrencies are becoming increasingly integrated into the modern financial reality, and like any other asset, they are subject to taxes. As a relatively new and rapidly growing asset class, cryptocurrencies attract increasing interest from investors and governments. As the global economy adapts to this digital innovation, countries take different cryptocurrency regulation and taxation approaches. How do cryptocurrency tax policies work around the world? Table of Contents Which countries require you to pay taxes on cryptocurrencies? Why do some countries not have to pay taxes on cryptocurrencies? Countries where cryptocurrencies are banned Why do some countries not pay taxes on cryptocurrency? What’s next for cryptocurrency taxation? Which countries require you to pay taxes on cryptocurrencies? In the United States, it is simply impossible not to pay taxes — the authorities are very strict about this and tax almost everything, including digital assets. Crypto is treated as property, not currency. This means taxpayers must pay capital gains taxes when selling cryptocurrencies. The profit is subject to either short-term or long-term capital gains tax rates depending on how long the asset is held (less than one year or more). Crypto taxes in the U.S. | Source: Kraken In the UK , the picture is much the same — cryptocurrencies are taxed like other assets. Capital Gains Tax (CGT) applies to income above a tax threshold. If the revenue from cryptocurrency trading exceeds a certain amount, the taxpayer must file a tax return and pay tax. The Australian Tax Office also classifies cryptocurrencies as assets. Investors must pay capital gains tax if they sell their tokens at a profit. However, there is a minor clarification — in some cases, cryptocurrencies used to purchase goods and services may be exempt from tax if the transaction amount does not exceed $10,000. Overall, Europe is leading, with Switzerland taking the lead: some residents of that country can not only pay for their purchases with cryptocurrency but also their taxes, the Federal Tax Administration (FTA) explains : “If the salary or ancillary salary benefits are paid to the employee in the form of payment tokens, these are taxable as income from gainful employment 5 and must be shown on the salary certificate.” You might also like: Why the U.S. doesn’t need a tax on mining: Senator Lummis explains Why do some countries not have to pay taxes on cryptocurrencies? Several countries encourage the use of cryptocurrencies due to the absence of mandatory taxation — this is how the authorities try to attract investors and create cryptocurrency startups. Portugal became one of the few countries where citizens are exempt from paying taxes on income received from cryptocurrency trading . There are exceptions when cryptocurrency is used in professional activities or business. In Germany , cryptocurrencies held for over a year are not subject to taxation when sold. This creates an incentive for long-term investment in crypto assets. However, the profit will be subject to capital gains tax if the crypto is sold before this period. Malta is actively developing its crypto industry and offers favorable taxation conditions. Cryptocurrencies are only taxed if they are sold or exchanged for fiat currency; otherwise, the tax does not apply. Crypto taxes in EU | Source: Protos However, there are countries where there is no need to pay taxes on cryptocurrencies simply because they are banned. Countries where cryptocurrencies are banned China is one of the most famous countries that ban cryptocurrencies. All cryptocurrency transactions were banned in 2021, and regulators were actively cracking down on mining. This has created significant problems for investors and crypto companies in the country. In Algeria, the use of cryptocurrencies, including trading and mining , is strictly prohibited. The African country does not allow cryptocurrency transactions, including exchange and sale, making it impossible to carry out such transactions in the country. Cryptocurrencies are also banned in several other countries, most of which are in the MENA and Asia regions, such as Morocco, Pakistan, and Indonesia . Why do some countries not pay taxes on cryptocurrency? In addition to the ban and investment attractiveness, some countries do not pay taxes on cryptocurrency for a straightforward reason: the authorities have not yet developed regulations for digital assets. For example, although Japan has recognized Bitcoin ( BTC ) and other cryptocurrencies as a legal means of exchange, many aspects of their regulation are being developed. Although the country has several rules regulating crypto exchanges, there are many gaps in the legislation regarding specific taxation factors. In Nepal, cryptocurrencies are still not clearly regulated, but they are de facto banned. Since the government has not developed legislation to regulate this class of assets, cryptocurrencies remain in a legal void. You might also like: Japan’s Democratic Party leader vows crypto tax cut to 20% if elected What’s next for cryptocurrency taxation? Cryptocurrency taxation varies from country to country, leading to different approaches to regulating and taxing these digital assets. While some countries actively develop tax policies and regulations for handling cryptocurrencies, others remain in legal limbo, and some altogether prohibit their use. However, according to Chainalysis, cryptocurrency adoption continues to grow globally. Source: Chainalysis Cryptocurrency taxation is, therefore, likely to continue to evolve towards greater clarity and regulation, providing stability for investors and market participants. However, changes may occur unevenly depending on the region and political environment. You might also like: Crypto tax calculators to consider in 2024