Cryptocurrency Analysis and News Portal
Wolrdcoin, which was co-founded by Sam Altman, CEO of ChatGPT developer OpenAI, is an identity and cryptocurrency protocol that uses iris scans to verify users. The company has designed its own hardware, known as the Orb, to do so, and claims that the biometric data doesn't leave the device and
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Kenya has suspended all Worldcoin project activities in the country until it can be confident that there are no risks to the public. The Ministry of the Interior and National Administration in Kenya announced on Aug.
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The new cryptocurrency and digital identity project, Worldcoin, is facing a rough start in Kenya, with the government halting all local activity associated with it.Kenya’s minister of internal security took to Facebook on Aug. 2 to announce that the country has suspended the activities of Worldcoin until relevant public agencies
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The allure of the CBDC is fading and issuing one "may not be a compelling priority," the bank said. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Paxful, the popular crypto peer-to-peer (P2P) trading platform supporting the trading of, among other assets, bitcoin (BTC) and USDT, a stablecoin, has released data showing which payment methods its clients prefer. U.S., Kenya, and Ghana traders
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The partnership will attempt to contribute to driving blockchain innovation in the continent’s key sectors, including finance, supply chain, agriculture, business and cross-border trade, the May 10 announcement said.The planned blockchain and Web3 hub will serve as a central platform for African technology companies and government entities, fostering knowledge exchange
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Kenya's lawmakers are considering the introduction of a 3% tax on cryptocurrency and nonfungible token (NFT) transfers and a 15% tax on monetized online content, according to a newly introduced bill.Introduced to the Kenyan parliament on May 4, The Finance Bill, 2023 would enact a digital asset tax on “income
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According to regulations published by the country’s treasury secretary, global crypto exchanges used by Kenya’s estimated 4 million users will start paying a 1.5% tax on revenues earned. Tax-Avoiding Digital Asset Platforms The Kenyan Treasury has said it will start levying taxes on revenues earned by cryptocurrency exchanges used by an
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A hydro-powered crypto mining project based in Africa released an update on its efforts to bring energy developments to rural communities via Bitcoin (BTC).On Dec. 9, Gridless Compute tweeted photos and commentary on how their hydro-power BTC mining rigs are powering an entire rural settlement while also lowering energy rates
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The Capital Markets (Amendment) Bill, 2022 would allow for the taxation of crypto exchanges, digital wallets and transactions. Crypto investors in Kenya would have to pay capital gains tax to the Kenya Revenue Authority when they sell or use their crypto in a transaction, and the bill would also require
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