Kenya’s lawmakers are considering the introduction of a 3% tax on cryptocurrency and nonfungible tokens (NFTs) transfers and a 15% tax on monetized online content, according to a newly introduced bill. Introduced to the Kenyan parliament on May 4, The Finance Bill, 2023 would enact a digital asset tax on “income derived from the transfer or exchange of digital assets”…
Iranian President Ebrahim Raisi has condemned the current unipolar world order, emphasizing that Iran plans to join the BRICS group to help create a multipolar world. “Iran wants to have constructive relations with all states on the basis of common interests,” he stressed. Iran Condemns Unipolar World Order Iranian President Ebrahim Raisi said on Tuesday that Iran plans to join…
United States President Joe Biden’s administration reiterated its commitment to help foster responsible artificial intelligence (AI) development on Thursday, as Vice President Kamala Harris met with CEOs from top companies building and researching AI products and tools. The recent surge in AI advancements—driven in large part by the success of OpenAI’s ChatGPT program and subsequent developments—has propelled discussions on ethical…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Decentralized finance (DeFi) platform Hxro announced that a newly-formed studio, Bitblox Games, has been created to develop on-chain, player-versus-player (PvP) gambling games that leverage Hxro’s Solana-based platform. In a blog post Thursday, Hxro said that Bitblox Games is where “OG degens meet crypto degens,” referring to the crypto slang…
Tech startup Fedi has raised $17 million in an effort to make Bitcoin easier for newbies to use and grasp through the use of private and scalable “federations.” “Fedi, as a company, aims to empower communities everywhere by accelerating the adoption of technologies like Bitcoin and Lightning—and rolling out Fedimint federations to communities and companies worldwide is how we intend…
Funds stuck on the platform of bankrupt crypto broker Voyager Digital may begin returning to creditors in “the next few weeks,” according to a committee of Voyager creditors. A May 4 tweet from the Voyager Official Committee of Unsecured Creditors (UCC) said the now-defunct crypto firm is in the final stages of bankruptcy liquidation procedures. The UCC is “hopeful” that…
Just in time to celebrate May 4 (“May the ‘Fourth’ be with you”), the so-called annual “Star Wars Day,” NFT startup Cryptoys announced on Thursday the upcoming launch of digital collectibles based on the massively popular entertainment franchise. Dropping on May 24, the Star Wars NFT collection is the latest in Cryptoys pop culture “digital toys,” following its previous Masters…
Crypto exchange Coinbase managed to significantly narrow its net loss in the first quarter of 2023, due in part to robust earnings from retail investor trading activity. The company’s net loss fell from $557 million in Q4 2022 to $79 million in Q1, partly attributed to a 22% increase in revenue to $736 million. The results beat expectations from some analysts,…
El Salvador’s president, Nayib Bukele, has enacted a law that eliminates all taxes on technology innovations, software and app programming, AI, computer, and communications hardware manufacturing. The law is expected to boost the country’s technology sector, generate more jobs for its population, and attract foreign investment. Bukele Signs Law to Boost Technology Industry in El Salvador The president of El…
Our weekly roundup of news from East Asia curates the industry’s most important developments. SUI rises to glory as Sun sets sights on it On Apr. 30, cryptocurrency exchange Binance unveiled two LaunchPools for the then-up-and-coming listing of Sui tokens. As a Layer-1 blockchain created by Mysten Labs, which in turn was founded by former Meta executives, the Sui project…
