Kenya Proposes New Bill for Crypto, NFT Transaction Tax
The Kenyan government is reportedly considering new tax measures affecting cryptocurrency transactions, online advertisement, and NFT transfers. On May 4, The Finance Bill 2023 was brought to the Kenyan parliament with a proposal to enact a tax on “income obtained from the exchange or transfer of digital assets,” with a particular provision for non-fungible tokens […]
Gemini launches derivatives platform outside U.S amid regulation
A platform for non-US derivatives has been launched by the crypto exchange Gemini to serve customers in 29 countries and territories. Gemini’s move to relocate its business outside of the US market is a continuation of a trend among cryptocurrency businesses to look for more hospitable regulatory settings abroad. Gemini has launched Gemini Foundation, a […]
Coinbase to Stop Issuing New Loans Via Coinbase Borrow
The Coinbase Borrow service will no longer offer new loans from the US-based cryptocurrency exchange. Users in a few US jurisdictions can borrow up to $1 million in fiat money with Coinbase Borrow without having their credit checked. With an annual interest rate of 8.7%, users could pledge up to 40% of the bitcoin in […]
Fuse Blockchain pledges $10 million for ecosystem growth
Layer-1 blockchain Fuse stated that it would commit $10 million to “reinvigorate the Fuse ecosystem and drive growth in multiple areas”. The “Fuse Ignite” program is divided into grants and liquid incentives. According to developers: Depending on the focus of their idea or service, teams may apply for grants of $5,000 to $25,000. When deploying […]
Flare Integrates its API Portal on Google Cloud Marketplace
Flare has integrated its API Portal on Google Cloud Marketplace, launching some of the first blockchain APIs to be available on Google Cloud Marketplace. With the integration of its API portal with Google Cloud Marketplace, Flare, a layer-1 Ethereum Virtual Machine (EVM)-compatible platform, brought a number of well-known blockchain APIs, including Bitcoin and Ethereum, to […]