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Arbitrum Proposal to Fund Tornado Cash Developers Defense Withdrawn

[Mar 11 4:00 PM] A proposal aiming to contribute to funding the legal defense of the developers of Tornado Cash, the Ethereum-based mixing platform, was removed by the Arbitrum community over apparent legal concerns. Devansh Mehta, lead of the working group of the…

Lido on Solana wind down ‘deemed a necessity’ after low fees, says staking firm

[Oct 16, 2023 6:09 PM] Unsustainable financials and low fees generated by Lido on Solana were two of the main reasons for the sunsetting.

Ethereum staking services agree to 22% limit of all validators

[Aug 31, 2023 9:16 PM] The 22% self-limit rule ensures at least four major staking entities would need to collude in order for the chain to reach finalization.

US Securities Regulator Accepts Valkyrie’s Spot Bitcoin ETF Application

[Jul 19, 2023 3:30 PM] The U.S. Securities and Exchange Commission (SEC) has formally accepted the spot bitcoin ETF application filed by asset manager Valkyrie. The move, which opens the door to an official review process, follows last week’s acknowledgment of…

Crypto memes can be considered financial promotions, says UK watchdog

[Jul 17, 2023 8:26 PM] Memes found to be non-compliant with financial promotion rules could carry up to two years in jail under a proposal from the FCA.

ETH DeFi 'circuit breaker' could cut hack losses by 70% — Developer

[Jul 7, 2023 12:12 AM] Diyahir Campos, a smart contract developer behind the new ERC proposal, sought to take action after becoming a victim of the Euler Finance hack in March.

BarnBridge DAO calls halt to ‘all work’ on DeFi protocol amid SEC probe

[Jul 6, 2023 11:41 PM] Some DAO members joked about the situation while others believed there may be an ulterior motive at play.

Ethereum Core Devs Weigh Pros and Cons of Raising Validator Threshold From 32 ETH to 2,048 ETH

[Jun 19, 2023 3:30 PM] Ethereum’s core developers are engaged in discussions about raising the validator threshold from 32 ETH to 2,048 ETH. This proposal, put forward by Michael Neuder, a researcher from the Ethereum Foundation, aims to address concerns related…

Makerdao Considers Significant DAI Savings Rate Hike: 3.3% on the Horizon, If Vote Passes

[May 28, 2023 12:00 AM] The Makerdao collective is currently immersed in a discussion about the potential rise of the DAI stablecoin’s savings rate to 3.3%. This suggestion was introduced by Block Analitica and revealed to the community on May 26 under the title…

‘War on crypto’ — Newly filed letters lambast proposed SEC custody rules

[May 8, 2023 10:32 PM] Industry representatives have cast doubt on the legality and impact of the United States securities regulator’s proposal to expand custody rules.

Terra Classic Recent Efforts Could Benefit LUNC’s Growth Potential

[Apr 28, 2023 4:30 AM] Terra Classic has been doing extensive clean-up work following the Terraport hack which shook the foundation of the ecosystem. This even led to the de-peg of the ecosystem’s stablecoin, USTC, leading to another catalyst for the bears to exploit. …

MakerDAO Maintains Trust In USDC Despite Depeg Debacle

[Mar 25, 2023 10:15 PM] MakerDAO, the governance community of the popular DeFi lending platform Maker, has decided to keep using USD coin (USDC) as the primary reserve asset for the DAI stablecoin.  Although USDC experienced a temporary depeg earlier this month, an…

Forget HTTP: Ethereum has a new URL standard that can't be blocked

[Mar 15, 2023 4:11 AM] Under a newly rolled out Ethereum standard, DApps and NFTs can be accessed by internet users without the worry of centralized censorship.

Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident

[Mar 11, 2023 12:30 PM] On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC…

LinksDAO likely to put in ‘compelling offer’ to buy Scottish golf course

[Feb 21, 2023 11:43 PM] If the final tally remains in favor of the purchase, the LinksDAO acquisition committee will officially put out a “compelling offer” to purchase the golf course.

SEC to target crypto firms operating as 'qualified custodians' — Report

[Feb 14, 2023 12:40 AM] If a majority of the five-member SEC panel votes in favor of the draft proposal, it will proceed to the next stage, which will be reviewed by other members of the SEC.

Makerdao Co-Founder Proposes $14 Million Fund to Combat Climate Change; Crypto Supporters Mock Idea

[Feb 7, 2023 3:30 AM] Cryptocurrency advocates have been discussing a proposal by the founder of Makerdao, Rune Christensen, to fund a Scientific Sustainability Fund. An idea that aims to combat climate change and misinformation about energy solutions. Christensen is…

Optimism Plans to Enhance L2 Scaling Network With ‘Bedrock’ Upgrade in March 

[Feb 2, 2023 2:30 PM] The Ethereum scaling network Optimism, which operates as a layer two (L2) network, announced plans to upgrade its network in March. The upgrade, named “Bedrock,” aims to increase transfer speed, lower fees, and enhance compatibility…

Ban on Crypto Mining in Residential Areas Proposed in Russia

[Jan 28, 2023 3:30 AM] Advisors to the Kremlin have suggested that home crypto mining should be banned in Russia, or in some of its regions. The stated motive for the proposal is to prevent fires in residential buildings. Amateur miners have been blamed for high loads on…

Lido Protocol Reveals Plans for Withdrawal Feature Ahead of Ethereum’s Shanghai Hard Fork

[Jan 25, 2023 6:30 PM] While the Ethereum community prepares for the upcoming Shanghai hard fork in March, the development team for the liquid staking project Lido revealed plans to create an in-protocol withdrawal feature. Lido’s team is seeking community feedback…

Brussels Wants All Crypto Service Providers to Report Transactions of Europeans

[Dec 9, 2022 6:30 AM] The European Commission has set out to oblige platforms processing crypto transactions for EU residents to share information with tax authorities in the Union. According to the proposal, all crypto service providers, regardless of where they are…

Italy Wants to Tax Crypto Gains at 26% From 2023

[Dec 1, 2022 8:30 AM] The new government of Italy plans to impose a 26% tax on capital gains from crypto trading, according to the draft budget for next year. The center-right coalition in power is also preparing to oblige Italians to declare their digital assets and…

Russia Prepares to Create Government-Controlled Crypto Exchange

[Nov 24, 2022 8:30 AM] Lawmakers in Russia are drafting legislation that would allow the establishment of a “national cryptocurrency exchange,” local media unveiled. Coins now circulate outside of government oversight and the Russian state is losing budget revenues in…