Month: April 2023

Kenya to Start Levying Tax on Revenue Earned by Crypto Exchanges – Bitcoin News

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According to regulations published by the country’s treasury secretary, global crypto exchanges used by Kenya’s estimated 4 million users will start paying a 1.5% tax on revenues earned. Tax-Avoiding Digital Asset Platforms The Kenyan Treasury has said it will start levying taxes on revenues earned by cryptocurrency exchanges used by an estimated 4 million local residents. According to a report by Business Daily Africa, Kenyan authorities will rely on the 1.5% digital tax service that became effective on Jan.1, 2021. Initially proposed in 2020, the digital tax is the Kenyan…

RNDR up more than 12% in 24 hours as crypto market cools

Over the past week, RNDR has been one of the top-performing projects with another day in the top gainer leaderboards, according to CoinMarketCap. In the last 24 hours, the render token (RNDR) increased another 12.62% with a total trading volume of $280,949,445. RNDR 24-hour chart | Source: CoinMarketCap Moving to Solana Over the last week, RNDR, the native token of Render, a decentralized cloud computing platform, experienced a surge of over 62%. This spike was attributed to the successful completion of the RNP-002 and RNP-003 votes by Render’s community.  RNP-002…

Venom rolls out public testnet for blockchain testing

Venom, a layer-1 blockchain licensed in Abu Dhabi Global Market (ADGM), has announced the launch of its public testnet.  Experience Venom’s testnet ecosystem The testnet allows developers and users to test and debug dapps and blockchain protocols, helping to foster innovation and community building within the ecosystem. The Venom testnet ecosystem comes with a range of in-house features and applications, which includes the Venom Wallet, Venom Scan, VenomPools, Venom Bridge, and others, for users to test out. It aims to encourage developers to build innovative dapps, while providing users with…

Tencent Cloud to reportedly offer deepfake creation tool at $145

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Tencent Cloud — the cloud services provider arm of Chinese tech giant Tencent — has launched a new digital human production platform allowing users to create deepfakes of any individual based on a three-minute video clip and 100 sentences of voice material. Tencent Cloud’s deepfake generator uses Tencent’s in-house artificial intelligence (AI) capabilities to recreate fake videos of an individual. Scammers have widely adopted deepfake videos to mislead investors by impersonating prominent figures. In 2022, Tesla CEO Elon Musk warned against the rising number of deepfakes impersonating him to promote…

Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts – Finance Bitcoin News

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A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to bank accounts abroad. Demand for Dollar, Euro Accounts Expected to Drop Further, Requests for Yuan Deposits Surge in Russia Fewer Russians want to open local bank accounts in major Western currencies amid restrictions on what they can do with their money. Data from the Bank of Russia shows that about…

OpenAI’s ChatGPT re-enters Italy after obliging transparency demands

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Popular interactive artificial intelligence (AI) chatbot, ChatGPT, has been reallowed to provide services in Italy after addressing the privacy concerns raised by the region’s data protection agency, Garante. On March 31, OpenAI’s ChatGPT was placed on a temporary ban in Italy after a watchdog suspected the AI chatbot of violating the European Union’s General Data Protection Regulation (GDPR) requirement. Exactly 29 days after the ban, on April 29, OpenAI CEO Sam Altman announced that ChatGPT was “available in Italy again” without revealing the steps taken by the company to comply…

Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves – Economics Bitcoin News

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The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar reserves, involves the disbursement of more than $1 billion in April. Argentina to Settle Bilateral Transactions With China in Chinese Yuan Argentina, one of the big three economies in Latin America, will use the Chinese yuan to pay for certain imports. According to statements from Argentine Economy Minister Sergio Massa, the country will…

Mastercard launches Web3 user verification solution to curb bad actors

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Global financial services giant Mastercard has launched a new Web3 solution aimed at enhancing user verification standards and “reducing the opportunities for bad actors” in the digital asset space. The solution is dubbed the “Mastercard Crypto Credential” and its launch was announced on April 29. In an accompanying explainer video shared to Twitter, the firm outlined that its “building a way for Web3 and blockchain service providers to help secure transactions between users, verified according to standards set by Mastercard.” At #Consensus23, we announced how we are instilling trust in…

Brazil Bans Telegram Temporarily Due to Alleged Lack of Collaboration in Fight Against School Violence – Regulation Bitcoin News

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A federal judge in Brazil has ordered the temporary suspension of Telegram in the country and established hefty fines due to the supposed lack of collaboration of the company in a national crusade against school violence. Telegram failed to deliver information regarding the actions it is taking against neo-Nazi groups, and now it has been blocked by most internet providers in Brazil. Brazil Blocks Access to Telegram Apps A federal judge ordered a nationwide ban on Telegram, the popular messaging app, on April 26, due to its perceived lack of…

Elon Musk introduces Twitter monetization avenues for content creators

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Adding to the growing list of radical implementations to improve Twitter’s bottom line and promote citizen journalism, Tesla CEO Elon Musk announced that creators on the social media platform can now monetize their content. Ever since Musk’s takeover of Twitter, the company has taken several drastic measures to turn itself into a profitable business, which include mass layoffs and introducing Twitter Blue subscriptions. While many previously-verified individuals retaliated the ask for a monthly fee to get a ‘Blue checkmark’ on Twitter, Musk saw it as a much-needed revenue stream for…