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 … Read more
A large illegal bitcoin mining farm has been found at Free Economic Zone “Bishkek” , State Service for Combating Economic Crimes in Kyrgyzstan said. It was gathered that the authorities found the illegal cryptocurrency mining farm on the territory of a local free economic zone (FEZ). Kyrgyz authorities posted a video of the facility on … Read more
From Switzerland is the report that Basler Kantonal Bank (BKB), is planning to launch cryptocurrency services. BKB is Switzerland’s eighth-largest bank with total assets of approximately $49 billion. It’s gathered that the Swiss government-owned commercial bank will be offering cryptocurrency services through Bank Cler, reported Citywire Switzerland Monday. Also known as Basel Cantonal Bank, Basler Kantonalbank was founded in … Read more
Today, Tuesday, August 4, 2020, another cryptocurrency news came out of India as information from the country says cryptocurrency bill has been forwarded to the relevant ministry to look into the legal framework. It’s unknown if the legal framework would be in favour of cryptocurrency trading or place a total ban on it in India. … Read more
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
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 … Read more
On Friday, Coinbase, a San Francisco-based exchange company announced it’s considering adding 19 additional cryptocurrencies which include Ocean Protocol, Paxos Gold, Reserve Rights, tBTC, The Graph, THETA, UMA and Ampleforth on its exchange platform. Others being considered for listing are Curve, Helium, Melon, Band Protocol, Balancer, Blockstack, Fetch.ai, Flexacoin, Hedera Hashgraph, Kava, and WBTC. The announcement … Read more
It’s another good news for advocates of cryptocurrencies as Iranian authorities have given go-ahead to power plants in Iran to mine bitcoin and other cryptocurrencies. Mostafa Rajabi Mashhadi, deputy head of the country’s Power Generation, Distribution, and Transmission Company (Tavanir) has confirmed to IRNA. Electricity tariff as an impetus for bitcoin mining Cryptocurrency mining companies are … Read more
About 2,500 stolen bitcoins (28 million US dollars) from the 2016 Bitfinex breach have been transferred from the hacker’s wallet, reported Whale Alert, an advanced blockchain tracker and analytics system reporting large and interesting transactions. In August 2016, there was a security breach on Bitfinex, leading to 120, 000BTC to the hacker, the largest breach in cryptocurrency … Read more
Austria-based telecom giant A1 Telekom Austria Group has started accepting cryptocurrencies from its millions of merchants. Operating in seven countries-Austria, Bulgaria, Croatia, Belarus, Slovenia, North Macedonia, and Serbia-the company disclosed that retailers would receive the purchase price in euros whenever customers pay with cryptocurrencies like bitcoin. The integration of crypto into its payment service is geared … Read more