Report: Kenya to Start Levying Tax on Revenue Earned by Crypto Exchanges

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 estimated 4 million local …

Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts

A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to bank accounts abroad. Demand for Dollar, Euro Accounts Expected to Drop Further, Requests for Yuan …

Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves

The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar reserves, involves the disbursement of more than $1 billion in April. Argentina to Settle Bilateral Transactions With China …

Strategist at $1,300,000,000 Crypto Fund Says Bitcoin Primed To Reach New All-Time Highs – Here’s the Timeline

The chief investment officer of Bitwise Asset Management, Matt Hougan, says that he is confident Bitcoin (BTC) will print new all-time highs. In a new interview with Fox Business, Hougan says that Bitcoin will likely cross the $30,000 level in the near term and eventually hit new all-time highs by next year. Hougan says that …

Tencent Cloud to reportedly offer deepfake creation tool at $145

Tencent Cloud’s deepfake creation service can analyze and train itself on three-minute videos and 100 voice clips to produce a convincing deepfake video within 24 hours. News Own this piece of history Collect this article as an NFT Join us on social networks Tencent Cloud — the cloud services provider arm of Chinese tech giant …

OpenAI’s ChatGPT reenters Italy after obliging transparency demands

The revocation of the ban in Italy required ChatGPT to reveal its data processing practices and implement age-gating measures, among other legal requirements. News Own this piece of history Collect this article as an NFT Join us on social networks Popular interactive artificial intelligence (AI) chatbot, ChatGPT, has had its ban on providing services in …

An Interoperable Web 3.0 Without Proper Security Is a Disaster Waiting To Happen

HodlX Guest Post  Submit Your Post   Interoperability is crucial for the development of Web 3.0 technologies and the wider crypto ecosystem. Without interoperability, users are limited to using a single blockchain, preventing them from connecting with other networks and taking advantage of the various benefits that come with a more open and interconnected system. However, …

Mastercard launches Web3 user verification solution to curb bad actors

Mastercard’s new solution revolves around providing “secure transactions between users, verified according to standards” set by the company. News Own this piece of history Collect this article as an NFT Join us on social networks Global financial services giant Mastercard has launched a new Web3 solution aimed at enhancing user verification standards and “reducing the …

Elon Musk introduces Twitter monetization avenues for content creators

The latest user-centric revamp is targeted at improving follower engagement and creating new revenue streams on the social media platform. News Own this piece of history Collect this article as an NFT Join us on social networks Adding to the growing list of radical implementations to improve Twitter’s bottom line and promote citizen journalism, Tesla …

Crypto-Friendly Cross River Bank Is In The FDIC’s Crosshairs

The Federal Deposit Insurance Corp has issued a consent order to Cross River Bank.  The order directed the crypto-friendly bank to take corrective action and address its unsafe banking practices.  The FDIC issued the order on March 8 but it was made public on Friday.  The U.S. Federal Deposit Insurance Corporation (FDIC) has reportedly issued …

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