BitMEX co-founder and crypto veteran Arthur Hayes is proposing an idea for a new Bitcoin (BTC)-backed stablecoin. In a new blog post, Hayes tells his 67,000 followers that the collapse of crypto-frien...
Tag: Proposes
Ex-BitMEX CEO Proposes Stablecoin Backed By Bitcoin And Exchanges ⋆ ZyCrypto
Advertisement     Former BitMEX CEO Arthur Hayes has proposed a stablecoin that aims to be completely independent of the U.S. dollar. The proposed Satoshi Nakamoto Dol...
Biden Budget Proposes Taxing Crypto Miners
The proposed budget of the Biden administration has a clause that would impose taxes on the electricity usage of cryptocurrency miners. Tax To Discourage Crypto Mining U.S. President Joseph Biden’s p...
Joe Biden’s government proposes 30% crypto mining tax
President Joe Biden has proposed an excise tax on cryptocurrency mining companies that is 30% of the cost of the power they use. Biden’s Fiscal Year 2024 budget included a proposal to implement wash s...
BitMEX Co-founder Arthur Hayes Proposes Bitcoin-backed Stablecoin
22 seconds ago | 2 mins read Exchange News Arthur thinks the crypto community can build a USD equivalent without using the USD. NakaDollar would first include establishing a blockchain-based DAO. Naka...
U.S President Proposes 30% Tax on Electricity Used For Crypto Mining
6 seconds ago | 2 mins read Bitcoin News Biden has proposed a 30% tax on all power used to mine cryptocurrencies. The goal of this plan is to decrease mining activities, as stated by the government. U...
MakerDAO Proposes to Increase Treasury Bond to $1.25 Billion
Decentralized finance (DeFi) protocol and issuer of the DAI stablecoin MakerDAO has proposed to deploy another round of funds to invest in the United States Treasuries to enable it to take advantage o...
Biden budget proposes closing crypto loophole to raise $24 billion in new revenue
Tucked within President Biden’s budget is a proposal to change the tax treatment of cryptocurrency transactions that would eliminate investors’ ability to take advantage of losses to lower...
U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms
“The increase in energy consumption attributable to the growth of digital asset mining has negative environmental effects and can have environmental justice implications as well as increase energy pri...
Biden budget proposes 30% tax on crypto mining electricity usage
A phased-in 30% tax on cryptocurrency mining electricity costs has been proposed by United States president Joe Biden in his administration’s 2024 fiscal year budget. A Department of the Treasur...
BitMEX Co-Founder Proposes Bitcoin-Backed Stablecoin
Even if authorities are increasing their scrutiny of stablecoins, the community’s persistent interest in stablecoins that are not related to the U.S. dollar is illustrated by Hayes’ idea f...
Arthur Hayes Proposes Bitcoin-Backed Stablecoin NakaDollar
Arthur Hayes, the co-founder of cryptocurrency derivative trading platform BitMEX, has proposed a new type of stablecoin, NakaDollar (NUSD), which would be backed by bitcoin (BTC) and bitcoin derivati...
Lido proposes ending liquid staking on Polkadot and Kusama
Decentralized finance (DeFi) protocol Lido Finance is considering ending its liquid staking service on the Polkadot and Kusama ecosystems. According to a proposal posted on Lido’s governance forum, Li...
Biden Budget Plan proposes taxes to reduce crypto wash trades
U.S. President Joe Biden’s proposed budget will be released on March 9, including a stipulation for tax loss loopholes on crypto transactions. The budget blueprint will include a provision to reduce ...
BitMEX co-founder Arthur Hayes proposes Bitcoin-backed stablecoin ‘NakaDollar’
Ad BitMEX co-founder Arthur Hayes has proposed a Bitcoin-backed dollar-pegged stablecoin NakaDollar (NUSD) which would be backed by $1 Bitcoin and one inverse perpetual swap of BTC against USD. In a M...
FTX proposes $4M employee bonus plan; intends to sell $45M stake in Sequoia Capital
Ad Bankrupt FTX proposed a retention plan that would pay the exchange’s employees bonuses of up to 94% of their salary, according to a March 8 court filing. The bonus is capped at $4,027,204 and is de...
Arthur Hayes proposes new stablecoin mechanism
Arthur Hayes, the co-founder of BitMEX, has proposed a new stablecoin mechanism that could replace fiat-based stablecoins and reduce systemic risk in the crypto market. In a recent blog post, Hayes ex...
FTX Proposes $4M Bonus Program as It Seeks to Retain Staff
Bonuses between 17% and 94% will be in the best interest of the FTX group as it seeks to wind up affairs, the Tuesday document said. The overall package is capped at $4,027,204 and targets staff with ...
BitMEX co-founder Arthur Hayes proposes Bitcoin-based stablecoin
Amid the United States regulators increasingly scrutinizing stablecoins, the community continues to pitch new ideas of stablecoins independent from the U.S. dollar. Arthur Hayes, co-founder and former...
White House Proposes New Measures Ensuring Safety in the Crypto Market
In response to the market vulnerability, the White House announces safety plans for the investors. The action comes in light of major frauds exposed over time, including the infamous FTX collapse.&nbs...
MakerDAO proposes additional $750M in U.S Treasury Bond investments
MakerDAO has proposed allocating an additional $750M to invest in U.S Treasury bonds As of January 2023, this investment strategy had generated $2.1 million in lifetime fees MakerDAO, the decentralize...
MakerDAO proposes additional $750m investment in US bonds
MakerDAO is considering investing $750 million in US Treasury bonds to take advantage of the current yield environment, with the proposal expected to increase the ceiling to $1.25 billion. If approved...
Biden Proposes Taxing Higher Income Earners To Help Save Medicare
Topline The White House unveiled a budget proposal Tuesday to extend funding for Medicare at least till the 2050s by raising taxes on high-income individuals and negotiating lower prices for prescript...
Babel Finance Proposes Launching New Stablecoin To Repay Debtors
9 seconds ago | 2 mins read Defi News Babel co-founder Yang Zhou is now the company’s sole director. A completely reserved stablecoin dubbed HOPE is proposed as part of restructuring plan. According t...
BIS proposes new cross-border CBDC payment system
According to research from the Bank of International Settlements (BIS), a transnational system that connects digital currencies issued by central banks would make it possible to make worldwide cheaper...
Babel proposes new stablecoin to repay $766m to creditors
After recording massive losses last year, financial service provider Babel Finance proposed developing a new stablecoin to generate revenue to repay $766 million to its creditors. The plan involves cr...
US proposes new bail conditions for former FTX CEO
The former CEO of cryptocurrency exchange FTX, Sam Bankman-Fried (SBF), is facing new bail conditions proposed by the United States Department of Justice. The proposal was submitted to District Judge ...
US DOJ Proposes Bail Restrictions For Sam Bankman-Fried
FTX News: Former FTX founder Sam Bankman-Fried to get a new phone and a laptop with special features from the U.S. authorities. The mobile will be a flip phone or a “non-smartphone” and a laptop with ...
US State Proposes Bill To Prevent Bitcoin From Being ‘Money’
Dennis Porter, CEO and co-founder of Satoshi Act Fund, shared a shocking breaking news via Twitter today that can be understood as a massive attack on Bitcoin in the United States of America. Porter w...
South Dakota proposes bill to change definition of money to exclude Bitcoin
The state of South Dakota is making moves seeking to redefine what constitutes money, with a keen interest on classifying cryptocurrencies. The bill titled ‘An Act to amend provisions of the Uniform ...
Mantle Core proposes $200M EcoFund on BitDAO’s governance forum
Mantle Core has submitted a proposal for discussion on BitDAO’s governance forum. The proposal seeks to establish a $200 million fund to promote Mantle’s adoption. Mantle Core recently submitted a pro...
Mantle Core Proposes $200M Fund on BitDAO’s Governance Forum
Mantle Core has proposed a $200 million fund on BitDAO’s governance forum. The fund aims to boost Mantle’s adoption among decentralized applications and developers. The proposal laid a 3-year active ...