In addition to the recent actions taken by Portugal, another European country intends to raise taxes on cryptocurrency trading. The proposed budget for 2023 in Italy includes a provision that would tax capital gains from cryptocurrency at a whopping 26%.…
Kenya Seeks to Tax Crypto Owners and Recognize Cryptos As Securities In Proposed Law
Kenya is attempting to tax more than 4 million owners of digital assets through a new bill that, if passed, will put this quickly expanding sector under regulatory scrutiny for the first time ever in the East African nation’s history.…
Blockchain Based Insurance Platform Seeks to Cover Smallholder Kenyan Farmers
The Blockchain is becoming a big industry disrupter that cannot be ignored by even the staunchest of critics. One of the industries being impacted by the Blockchain in a major way is agriculture. A November 15 announcement by the Chainlink…
Akon’s Akoin Begins Testing Phase in Kenya
Akon has been in the news for the last few months and it hasn’t been about his music career. Off late, Akon has been all about crypto with his Akoin cryptocurrency making headlines. His plans of setting up a crypto…
UN Advises East Africa’s Largest Economy to Employ Blockchain Against Corruption
An official from the United Nations’ drugs and crime agency is advising East Africa’s largest economy Kenya, to explore Blockchain technology in its fight against corruption. According to David Robinson, the regional anti-graft advisor at the UN drug and crime…
Kenyan Metropolis to adopt Akon’s Akoin
Akon’s cryptocurrency company, Akoin has secured an agreement to become the main currency in Mwale Medical and Technology City MMTC in Western Kenya. Mwale Medical and Technology City is a $2 Billion metropolis with a medical and technology complex in…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
