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Kenya Expects to Earn $46 Million as New Tax Targeting Crypto Exchanges Comes Into Force
7.1.2021
The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45.5 million) during the first half of 2020 from a new tax that targets cryptocurrency exchanges and other online services, according to a top KRA official. First proposed in August 2020, the digital service...
Localbitcoins Trader Facing up to 40 Years in Prison Over Bitcoin Fraud Schemes
24.12.2020
A trader on Localbitcoins and Paxful has pleaded guilty to charges in connection with a couple of bitcoin scams. The U.S. Department of Justice alleges that the trader knowingly sold bitcoin to victims of fraudulent schemes. Bitcoin Trader Facing Jail Time The U.S. Department of Justice (DOJ)...
Nigeria Is Paxful’s Second Biggest P2P Bitcoin Market, Trades Top $566 Million in Five Years
17.12.2020
Nigeria, Africa’s biggest economy and most populous nation, traded more than $566 million worth of bitcoin between 2015 and 2020, making it the world’s second-largest peer-to-peer (P2P) bitcoin market after the U.S., which traded $3.75 billion in the period under review. According to...
Kenyans Can Now Buy and sell Crypto Through Paxful’s P2P Marketplace
10.12.2020
Paxful has partnered with Kenya-based remittance network BitLipa to allow users to buy and sell bitcoin and the tether stablecoin
Paxful to Roll Out Crypto Debit Card for US Customers
2.11.2020
The peer-to-peer digital asset marketplace is launching a Visa card, starting in the U.S. market
Google searches for Bitcoin are on the rise in Cuba
2.11.2020
Cubans are interested in Bitcoin as other major digital payment options like PayPal are unavailable
Paxful launches crypto debit card in Mexico
29.10.2020
The debit card was made possible thanks to an alliance with a Spanish neobank
Attack of the bots! Paxful fights off thousands of automated threats
24.10.2020
Bad actors allegedly tried to brute force their way into accounts belonging to Paxful's users in an ongoing series of attacks
Traders on Paxful sell $16.2M of Bitcoin for discounted gift cards each week
23.10.2020
A new report has found almost half of all Bitcoin traded on the P2P exchange Paxful is exchanged for gift cards
Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations
16.10.2020
The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency announced new rules for the taxation of what it calls “digital...
Paxful, Turkey-Based BiLira, Cointral to Expand Crypto Offerings in Eastern Europe
12.10.2020
Paxful said the partnerships will allow users to trade bitcoin and tether using a lira-backed stablecoin
Paxful breaks ground on Nigerian school in #BuiltWithBitcoin initiative
17.9.2020
The P2P marketplace continues its push to highlight the benevolence and positive nature of the Bitcoin community
P2P Bitcoin Exchange Paxful Shuts Down Venezuela Operations to Comply With US Sanctions
16.9.2020
Peer-to-peer (P2P) crypto exchange Paxful is shutting down its operations in Venezuela, apparently, to comply with U.S. economic sanctions against the leftist government of disputed president Nicolas Maduro. On Tuesday, a Paxful spokesperson told news.Bitcoin.com that the exchange will now start...
Blockchain Bites: MicroStrategy’s BTC Buy, Bitmain’s Power Struggle, Paxful’s Goodbye
15.9.2020
MicroStrategy has bought even more bitcoin, Paxful is pulling out of Venezuela and the Bitmain power struggle appears to have found a short-term solution
Paxful, Citing Regulations and Its Own ‘Risk Tolerance,’ Exits Venezuela’s P2P Bitcoin Market
14.9.2020
The exit deprives Venezuela's crypto scene of its second-largest P2P exchange
Russia's crypto law is a mixed bag, according to industry execs
11.9.2020
Crypto businesses are unsure how to react to new regulations in the Russian Federation
73% of Argentines Say Cryptocurrency Best for Saving in Economic Crisis: Survey
29.8.2020
A survey of Argentina’s citizens shows that 73% believe cryptocurrency is the most effective saving method in the current economic crisis, such as to hedge against high inflation. Strong Crypto Sentiment in Argentina Global peer-to-peer (P2P) bitcoin marketplace Paxful released the results...
Indian crypto P2P market size triples despite regulatory uncertainty
26.8.2020
In addition to the Indian P2P market surging in recent months, the country’s DeFi sector has been gaining momentum
P2P Cryptocurrency Exchanges in Africa Pivot: Nigeria and Kenya the Target Markets
25.8.2020
Leading cryptocurrency exchanges are bullish about Africa’s growth prospects as evidenced by their ongoing forays into the continent. During the month of August, Kucoin crypto exchange announced the addition of Nigeria’s naira currency as a payment option on its peer-to-peer platform....
Journeys in Blockchain: Ray Youssef of Paxful
20.8.2020
“How advanced would the United States be if you couldn’t send money from New York to Florida? From New York to California? From Oregon to Washington? It wouldn’t be the United States! It would be a mess of all these squabbling little city-states that can barely get it together.”