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Kenya Proposes Cryptocurrency Tax Bill
Kenya Proposes Cryptocurrency Tax Bill
Kenyan lawmakers are presently debating whether to proceed with a bill that would allow for the taxation of cryptocurrency, according to Business Daily. The Capital Markets (Amendment) Bill, 2022, will tax cryptocurrency exchanges, digital wallets, and transactions. When crypto investors in Kenya sell or use their cryptocurrency in a transaction, they must pay capital gains tax to the Kenya Revenue Authority. The law would also oblige investors to notify the Capital Markets Authority, the gover
What Is A Crypto Airdrop?
What Is A Crypto Airdrop?
With the aim of promoting acceptance, crypto projects distribute free tokens in large quantities to their communities. An airdrop will probably be sent out to cryptocurrency users who utilize new and existing platforms often. As part of a bigger marketing campaign, airdrops involve blockchain-based projects and developers giving away free tokens to members of their communities. Sending newly created tokens to thousands or even hundreds of wallet addresses is the main idea, with the aim that re
What Is A Satoshi?
What Is A Satoshi?
A single bitcoin, like a dollar, is divisible, and the smallest unit is known as a satoshi. One bitcoin contains 100 million satoshis (sats), which means that each satoshi is worth 0.00000001 BTC. 1 BTC must be worth $1 million in order for one satoshi to be worth one cent. The satoshi is not bitcoin's sole subdivision. A millibitcoin is one thousandth of a bitcoin (0.001 BTC). A microbitcoin, or 0.000001 BTC, is one millionth of a bitcoin. It is possible to transact on the Lightning network us
Designer Fashion Brands Accepting Crypto Payment
Designer Fashion Brands Accepting Crypto Payment
Crypto has finally made its way into the fashion industry, with e-commerce sites accepting cryptocurrency as an alternative payment method. While there are over 400 other cryptocurrencies, Bitcoin and Ethereum have gained popularity and are frequently accepted for things that were previously exclusively purchased with fiat cash. Cryptocurrencies may be new, but that doesn't mean they're not important. They represent the future of commerce, making it easier and safer to complete transactions.
The Rise Of Mobile Gaming Shared A Lot In Common With Crypto Gaming
The Rise Of Mobile Gaming Shared A Lot In Common With Crypto Gaming
There were numerous people who were skeptical of mobile gaming in the early day, but now it accounts for 60% of the market. Similar trends can be seen in crypto games. Mobile gaming has developed into a significant pillar of the interactive entertainment industry during the past ten years. Users from all across the world have gained access to smartphones, which has expanded their world of gaming. The introduction of blockchain technology is currently bringing in a paradigm change by giving play
What Are CC0 NFTs?
What Are CC0 NFTs?
A CC0 (creative commons - no rights reserves) NFT is a type of copyright that allows the creator to allow others to own their NFTs.
What Is an IDO?
What Is an IDO?
An initial DEX offering, or IDO, is a new and exciting type of decentralized and permissionless crowdfunding platform that is ushering in a new era of crypto fundraising. When a project launches an IDO, it is launching a coin or token through a decentralized liquidity exchange. This is a type of crypto asset exchange that is based on liquidity pools and allows traders to swap tokens such as crypto coins and stablecoins. USDT/ETH, for example, is a liquidity pair. What makes an IDO unique? ID
What Are The Four Types Of Blockchain?
What Are The Four Types Of Blockchain?
1. Public A public blockchain is permissionless, which means it is completely decentralized and open to everybody. Users with an internet connection can utilize this to view, download, and join the blockchain as an authorized node. All nodes in the blockchain have equal access to and interaction with the network. This type of blockchain is frequently used for bitcoin exchange and mining. Proof-of-work and proof-of-stake are the most common consensus procedures used in public blockchains. Examp
Binance Will Not Take Place in The Genesis’s “Rescue” Plan
Binance Will Not Take Place in The Genesis’s “Rescue” Plan
Major potential supporter Binance declined to make the investment after cryptocurrency lending firm Genesis suspended client redemptions and stated it would look for a $1 billion emergency funding loan. Due to potential "conflicts of interest" with the Genesis business model, Binance decided to pass the opportunity to invest in the startup. Genesis then reduced its rate and cut its fundraising expectations in half to $500 million. Genesis also approached Apollo Global Management for a financia
What Is Blockchain?
What Is Blockchain?
Blockchain, at its core, is a distributed digital ledger that stores data of any kind. A blockchain can keep track of cryptocurrency transactions, NFT ownership, and DeFi smart contracts. Public Blockchains vs Private Blockchains Blockchains can be public or private. Anyone can participate in a public blockchain, which means they can read, write, or audit the data on the blockchain. Notably, because no single authority controls the nodes in a public blockchain, changing transactions is extrem
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