[ad_1] Kenya Revenue Authority (KRA) announced its plan to switch its outdated system to a more efficient one as part of its tax system reform. The new system, powered by emerging technologies, is set to track crypto transactions in real time to fight tax evasion and foster a “more transparent” organization. KRA To Track Crypto Transactions In Real-Time On Tuesday, local media outlets reported that Kenya’s revenue authority unveiled its plan to track and tax crypto transactions in the country with its new system. In a document outlining their tax collection strategies for the 2024/2025 financial year, the KRA stated…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. Donald Trump new cryptocurrency initiative, World Liberty Financial (WLF), has encountered significant challenges since its launch. According to a report by CNBC, the project aims to establish a crypto bank and was expected to attract considerable investor interest. However, the token sale, which began on Tuesday, was marred by website outages and technical issues, severely limiting participation. Trump Crypto Venture Faces Setbacks Zachary Folkman, co-founder of WLF, had previously indicated that over 100,000 individuals were on the whitelist for the investment opportunity. Despite this promising start, the reality was starkly different. Related…
[ad_1] Este artículo también está disponible en español. As Bitcoin continues its journey toward recovery, recent market activity has revealed an interesting shift in investor behaviour. According to a CryptoQuant analyst known as caueconomy, institutional investors are quietly accumulating Bitcoin as retail traders reduce their positions. This observation was shared in a post on the CryptoQuant QuickTake platform, highlighting a growing trend where whales—large investors—are buying up Bitcoin from smaller, more “impatient investors.” Related Reading Retail Traders Exit While Whales Accumulate The analyst explained in the post disclosing that, in the past 30 days, institutional wallets, excluding miners and exchanges,…
[ad_1] Bitcoin is trading at September highs, retracing after breaking above $66,000 on October 14. Although the coin is trading lower at spot rates, the path of least resistance appears northwards, and the trend is shifting, aligning with gains of Q1 2024. Bitcoin Open Interest Rising, Approaching $40 Billion After months of lower lows, the world’s most valuable coin is lifting off, and with it, sentiment is improving. The latest market data shows that the Bitcoin open interest across all major derivatives exchanges is approaching all-time high. According to Coinglass, open interest rose to over $39 billion in March 2024.…
[ad_1] Neiro Coin (NEIRO) has captured the attention of the crypto market, experiencing a whopping 4,608% increase in value within a mere 30 days. The memecoin’s extraordinary 48x return in a single month was a result of its precipitous rise from $0.000039 to $0.002. Neiro explodes in price in the last month. Source: Coingecko Despite this dramatic rally, the coin has slowed down its momentum, losing 15% from its peak of $0.0022. Price forecast from CoinCodex still calls for further increases in the future for the cryptocurrency, foreseen to reach 219%, getting up to a price of $0.019284 by November…
[ad_1] Bitcoin is at a critical turning point after the Federal Reserve’s interest rate cut over three weeks ago. The price is above the $65,000 mark, setting the stage for a potential push to new highs. Market sentiment is increasingly optimistic, with many expecting a significant Bitcoin rally in the coming weeks. Key data from CryptoQuant supports this bullish outlook, revealing that new investors are starting to buy BTC again. This influx of fresh capital is a positive sign for the market and could indicate further gains as demand rises. Historically, new investors’ accumulation periods often precede major price surges,…
[ad_1] Litecoin price is gaining pace above the $70.00 level against the US Dollar. LTC could continue to rise if it clears the $72.80 resistance zone. Litecoin is showing positive signs from the $65 support zone against the US Dollar. The price is now trading above $70 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $68.00 on the hourly chart of the LTC/USD pair (data feed from Kraken). The price is up over 10% and might continue to rise if it clears the $72.80 resistance zone. Litecoin Price Gains Bullish Momentum…
[ad_1] Tether Holdings, the issuer of the world’s largest stablecoin, USDT, is reportedly exploring lending options for commodities trading companies as it seeks new ways to deploy this year’s profits amid the broader market recovery. According to Bloomberg, the discussions involve potential US dollar lending opportunities with various firms in the commodities sector, which often grapples with access to credit. Tether Sees New Credit Solutions For Commodity Firms Commodity trading companies that rely heavily on credit lines, such as Trafigura Group, have large networks of lenders, with $77 billion in credit lines from about 150 institutions as of March, according…
[ad_1] XRP price is moving higher above the $0.5400 zone. The price must settle above the $0.5550 resistance to set the pace for a larger increase. XRP price is attempting a fresh increase above the $0.540 zone. The price is now trading above $0.5410 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.5395 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.550 and $0.5550 resistance levels. XRP Price Revisits Resistance XRP price started a downside correction from…
[ad_1] In the 2021 bull run, Dogecoin hitting an $80 billion market cap marked a new all-time high (ATH) for the foremost meme coin. This time would be different if the meme coin reached this market cap, as its price would still be below its current ATH of $0.73. Why Dogecoin Reaching An $80 Billion Market Cap Isn’t A New ATH Dogecoin community member John Carter explained in an X post that DOGE reaching an $80 billion market won’t mark a new ATH for the meme coin primarily due to its inflationary status. The meme coin has an infinite supply,…