Kenya Introduces Digital Tax for Users of Cryptocurrency Marketplace

Kenya Digital Tax for Cryptocurrency Marketplace

Authority in Kenya has introduced Digital Service Tax payable for by those who derive income from services through cryptocurrency market place.

In a tweet, the Kenya Revenue Authority (KRA) says, “Introduction of Digital Service Tax (DST) Payable by a person who derives or accrues income from services through a digital market place at the rate of 1.5% of the gross transaction value.” read more

VIDEO: ETH 2.0 Medalla Testnet Launched With 20, 000 Validators

The much-anticipated ethereum 2.0 Medalla testnet has been launched, according to the Ethereum Foundation in a video clip posted on its official YouTube Channel on Tuesday, August 4, 2020

Medalla is the final testnet before the launch of the Eth 2.0 network, which is tentatively expected by year’s end, Ethereum Foundation’s Hudson Jameson said in several tweets. read more

Latest 90% of Ethereum Profit Excites Anthony Sassano, Kelvin Koh

Anthony Sassano and Kelvin Koh are some of the cryptocurrency analysts who are excited by the recent surge in the value of ethereum as more than 90% of ETH’s circulating supply is now in profit.

According to Research and analytics firm Glassnode, the crypto world witnessed this kind of ETH surge in profit in early 2018, that was when the price of the cryptocurrency was $925. read more

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