A bill defining crypto assets as securities and imposing capital gains tax on them has made it through a Kenyan parliamentary committee. It will be introduced to the lower chamber of parliament next. According to the Kenyan newspaper Business Daily on Dec. 4, the Capital Markets (Amendment) Bill, 2023, has been approved by the National Assembly’s Finance and National Planning […]

The world’s largest asset manager, BlackRock, received $100,000 in seed funding from an unknown investor for its spot Bitcoin (BTC) exchange-traded fund (ETF) in October 2023, according to its latest United States Securities and Exchange Commission (SEC) filing. The SEC filing revealed that the investor agreed to purchase $100,000 in shares on October 27, 2023, in exchange for 4,000 shares at […]

Smart contract development firm Thirdweb reported a security vulnerability that potentially “impacts a variety of smart contracts across the Web3 ecosystem.” On Dec. 4, Thirdweb reported a vulnerability in a commonly used open-source library that could impact certain pre-built smart contracts, including some of its own. However, Thirdweb’s investigations concluded that the smart contract vulnerability has not yet been exploited, allowing […]

Last week, His Majesty’s Revenue and Customs (HMRC) presented an unpleasant Christmas surprise to hodlers in the United Kingdom, demanding they declare any crypto holdings they failed to report in the last four, six or even 20 years. The tax authority also reminded taxpayers of the interest, charged daily from the date tax is due until it is paid. As […]

Binance’s reputation has been a top concern for the exchange’s user base and cryptocurrency market. Although it has maintained its position as one of the most valued exchanges in the world, recent developments have stirred criticism amongst users. Despite the ongoing chaos, its newest CEO is laying down its long-term plans.  In an official announcement, Richard Teng, the new CEO […]

Over the weekend, Bitcoin surprised everyone by jumping past $40,000 and hitting $41,500 on Monday. Ethereum also joined the party, going over $2,260 in a wider rally across the crypto market. But what’s the factor driving up the price of this cryptocurrency? Top Reason Behind Market Rise December has brought good vibes to the crypto world, making various digital currencies […]

Behind the wave of companies moving or deploying initiatives in the UAE is regulation. The country has introduced regulatory frameworks for decentralized autonomous organizations (DAOs), virtual asset providers, metaverses and other Web3-related entities. By offering regulatory clarity and a clear path to compliance — amid a crackdown in the United States — the UAE is moving closer to fulfilling what […]

Blockchain analysis firm Lookonchain reported that cryptocurrency powerhouses FTX and Alameda Research are actively engaged in a substantial transfer of digital assets, amounting to an impressive $22 million. The diverse cryptocurrency mix comprises $IMX, $GMT, $ETH, UNI, $SHIB, $BAL, $LOOKS, and $WOO. Following their bankruptcy declaration, FTX and Alameda Research have actively maneuvered in cryptocurrency, another bouquet of digital assets, […]

Gold On The Brink of a Historic Breakout: Analysts Weigh In In a series of insights and predictions from notable financial analysts, gold has been highlighted as a key player in the upcoming economic shifts. The precious metal is not only hitting record highs but is also positioned for potential future gains amid global economic changes. Peter Schiff’s Bold Prediction […]