The government of Kenya plans to impose a 3% tax on cryptocurrency transfers to narrow the fiscal deficit of the country and boost its domestic revenues. Kenya is among the leaders on the African continent in terms of crypto adoption. Patrick Njoroge – Governor of the Central Bank – has previously suggested that bitcoin could...Read More
Payment giant Stripe announced the launch of a fiat-to-crypto onramp to streamline process the for Web3 companies to enable US-based customers to purchase crypto. The company will also be opening the onramp to all Web3 users, in addition to the ones who joined the waitlist over the last few months. The onramp, whether embedded on...Read More
A US court has ordered the Securities and Exchange Commission to respond to Coinbase’s complaint about clarity on whether the securities regulator would allow the industry to be regulated using existing frameworks. The latest development emerges amidst escalating tensions between the SEC and Coinbase, with the former ramping up enforcement actions and warnings against crypto...Read More
Republican Senator John Kennedy of Louisiana called banks “sophisticated Ponzi schemes” while discussing the US banking crisis that’s claimed multiple crypto-supportive financial institutions in the past two months. The politician also spoke on the state of inflation, which he believes the Federal Reserve will need to bring to at least 8% to cool down. Banks...Read More
The authorities of Israel have reportedly seized around 190 cryptocurrency accounts at Binance since 2021, saying some of those were tied to the terrorist groups – Hamas and Islamic State. The exchange claimed that Reuters (the media outlet that informed about the confiscation) is “deliberately leaving out critical facts to fit their narrative.” It asserted...Read More
Popular analyst Altcoin Sherpa took to his Twitter handle on Thursday and issued a warning for the traders who are currently accumulating PEPE coins. The analyst explained that the price boosts will be short-lived and advised traders not to lose their money. Instead, he told his followers to buy Ethereum and wait for the bull...Read More
The saga surrounding tech entrepreneur Do Kwon has taken a dramatic turn as South Korean regulators push for his extradition to face charges in his home country. If convicted, Kwon could face a staggering 40-year prison sentence, highlighting the severity of the allegations against him. In an impassioned plea for justice, the South Korean prosecutor...Read More
In recent weeks, the Ethereum community has been grappling with an issue causing concern for many users – the rapidly increasing gas consumption on the network. Gas fees are charged for processing transactions on the Ethereum blockchain, and they have been rising at an alarming rate. Ethereum Gas Fee Hits 12-Month High According to data...Read More
Across the traditional financial space, many banks have begun to collapse, and investors and traders are now looking for ways in which they can diversify their holdings. The key way in which they have begun to diversify is through making investments in precious metals, as well as within cryptocurrencies. While well-established altcoins such as Stacks...Read More
On May 4, Coinbase Global reported a fifth consecutive quarter of losses. The results show that customers and investors have fallen out of favor with the company despite a recovery for crypto markets during the first quarter. The company posted a loss of $79 million, which is much lower than the $430 million it lost...Read More
