The Capital Markets (Amendment) Bill, 2022 would allow for the taxation of crypto exchanges, digital wallets and transactions. Crypto investors in Kenya would have to pay capital gains tax to the Kenya Revenue Authority when they sell or use their crypto in a transaction, and the bill would also require investors to inform the Capital Markets Authority – the government’s financial regulator – on the details of their crypto ownership. Source
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io There is a new cryptocurrency mining rig that is one of the most profitable miners you can buy right now, most miners don’t even know about it! This miner earns $59 per day and only costs $5 per day to run when you are mining out of your house earning passive income! Subscribe! Buy better mining rigs here – You would earn over $59 a day mining Ethereum with the Antminer E9 and that’s after paying a residential electricity bill. But is…
Ethereum has seen a decline over the past 24 hours. Being hit with new selling pressure, the world’s second-largest crypto asset has plummeted by over 8%. Despite its recent pressure, the whales have become more intense on ETH. The crypto market is still red, with most crypto assets declining. The bearish trend from the collapse of the FTX crypto exchange is getting more intense. Most of the prominent crypto tokens have seen a drop in their performance. Notably, the broader crypto market is passing through some corrections. The cumulative market…
On-chain data shows signs of dumping from the Bitcoin whales as the price of the crypto dips below $16k. Bitcoin Exchange Inflow CDD Has Spiked Up In Recent Days As pointed out by an analyst in a CryptoQuant post, a large amount of dormant coins seem to have moved recently. The relevant indicator here is “Coin Days Destroyed” (CDD). A coin day is the amount that 1 BTC accumulates after staying still in a single address for 1 day. Whenever a coin that’s carrying some number of coin days finally…
The rapid implosion of FTX has led general investors and crypto believers alike to question the validity of crypto and, indeed, predict its end. But, an understanding of history points not to crypto’s demise but rather a move toward new technology and growth. Financial markets move, as Willie Nelson once said, in phases and stages, circles and cycles. Companies develop ideas, grow quickly, ignite unwarranted investor euphoria and then implode — only to seed the ground for the next company, the next idea and the next growth phase. Crypto is…
Some cryptocurrencies, including Avalanche (AVAX), saw modest gains even as the overall market suffered from a prolonged downturn. To date, AVAX TVL has gone up from 120.11 million to 123.7 million, an increase of approximately 3% as of press time. AVAX Daily, a Twitter account that monitors the Avalanche protocol, also posted this. An increase of 270,611,568 AVAX was reported in the latest update for TVL. The same was also supported by a chart created by DeFiLlama (chart below). It’s good that AVAX is making progress, but is it safe…
Just before the FTX collapse, bitcoin was trading above the $20K zone and after the problems started to show and the company filed for bankruptcy, bitcoin’s price dropped close to 19% lower than it was days before the fiasco. According to the official Bitcoin Obituaries list, the sliding crypto prices added another two bitcoin obituaries to the list of so-called bitcoin deaths over the years. 2 More Notice of Death Calls Added to the Bitcoin Obituaries List Following FTX’s Demise It’s safe to say that the FTX collapse brought cryptocurrency…
Serum, a “decentralized exchange” on the Solana blockchain, has performed exceptionally well in terms of its SRM token price, despite it ties to the defunct FTX exchange. SRM price up 140% in one week On the daily chart, the SRM/USD pair has gained 140% in the last seven days, hitting $0.319 on Nov. 21 versus $0.177 on Nov. 14. This pushed the circulating market cap to about $73 million and “fully diluted market cap,” the market cap if the maximum supply was in circulation, to nearly $2.8 billion. SRM/USD daily price…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cryptocurrency sell-off continues, the global market cap going below $1tn. Manisha gives more details. Listen in. #cryptocurrency #crypto #cryptonews #binance #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday About CNBC-TV18: India’s leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. #n18oc_business Catch all your favourite shows, exclusive videos, big-ticket interviews and more here. You can also connect with CNBC-TV18 News Online Catch the latest news: Follow CNBC-TV18 round the clock: Stay updated with all the market…
ETH’s price lost its demand zone as the price struggled to break above $1,250. ETH’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. ETH’s price looks weak as the price struggles to hold above $1,100, with the possibility of reclaiming the daily 50 Exponential Moving Average (EMA) remaining bleak. The price action displayed by Ethereum (ETH) has remained disheartening, with the FTX effect affecting small crypto projects like Genesis as the market continues to look weaker with each passing…