New regulations in Kenya aim to create tax policy for cryptocurrencies

KRA Proposes Laws for Crypto Regulations The Kenyan National Assembly received a bill calling for the regulation and taxation of cryptocurrency trading in Kenya today, November 21, 2022. According to a report by Business Daily Africa, the bill, if passed, will allow the Kenya Revenue Authority (KRA), the Kenyan government’s revenue collection agency, to collect…

US House Committee to Investigate, Hold Bipartisan Hearing on FTX Collapse

The US House Financial Services Committee plans to investigate the FTX collapse, according to a joint press release issued by committee chair Maxine Waters and Representative Patrick McHenry. In addition, a congressional hearing is scheduled for December, according to the joint statement. Bipartisan congressional hearing to be held in December on fallout from FTX On…

Football star Lionel Messi joins NFT Game Sorare as investor and brand ambassador

Lionel Messi, one of the biggest stars in Argentine football, announced his involvement as an investor and brand ambassador in Sorare, an NFT (non-fungible token) game. Sorare hopes that Messi’s presence will improve the way the company interacts with users, setting new standards in this regard. Financial details of the deal were not disclosed. Lionel…

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Bitcoin ATM locations increase 28% in Canada

While downward trends in cryptocurrency prices have affected the growth of the industry, cryptocurrency-related developments continue to make headlines almost daily. This time, the North American country Canada has seen a huge increase in the installation of Bitcoin ATMs. According to statistics provided by Coin ATM Radar, Bitcoin ATM locations in Canada have increased by…

Stablecoin Issuing Circle Transfers Reserves from USDC to Fund Managed by BlackRock

U.S. peer-to-peer payments firm Circle has transferred some of its USD Coin (USDC) stablecoin reserves to a fund controlled by $10 trillion asset management firm BlackRock. In a blog post written by Circle CFO Jeremy Fox-Geen, the stablecoin issuer says it is working to minimize liquidity, counterparty, operational and reputational risks to ensure USDC holders…

Revolut Introduces Crypto Card, Customers Can Earn Dogecoin Rebates

Revolut, which is a British fintech and banking company, has decided to launch a new feature called “spend with cryptocurrencies”. This feature helps convert customers’ crypto balance into fiat money. This will essentially make it faster for Revolut cardholders to sell their crypto assets and funnel money to their credentials in real time to pay…

Retail Giant Walmart Outlines Crypto Strategy: Exec Predicts Many Payment Option Disruptions

Walmart’s global chief technology officer has revealed the role of cryptocurrencies in the retail giant’s future. “Cryptocurrency will become an important part of the way customers transact,” the executive said. “We want to make sure there is no friction for customers to be able to transact.” Executive talks about cryptocurrencies in the future of Walmart…

French and Nigerian Central banks to join Hyperledger Foundation

The Banque de France and the Central Bank of Nigeria were among eight new members announced by the Hyperledger Foundation on 12 September. Other names include CasperLabs and DSR Corp. The Banque de France had previously completed a trial for a wholesale CBDC in partnership with Hyperledger, IBM, and nine other organizations.