NFT startup Immutable submitted a proposal to the ApeCoin DAO on May 27 to have the Otherside metaverse built on its network: Immutable X. Immutable’s proposal notes that the cost to integrate, mint a...
Tag: Proposes
UK Finance Ministry Proposes Safety Net Measures against Stalling Stablecoins
Britain’s finance ministry has announced plans for adapting existing regulations to mitigate any collapse of major stablecoins, like the case of TerraUSD that happened two weeks ago. In a consultation...
UK government proposes additional safeguards against stablecoin failure risks
In a new consultation paper published on Tuesday, the Treasury of the United Kingdom proposed a new set of regulatory changes for the stablecoin industry. In its report, the Treasury highlighted the ...
UK Government Proposes Amends to Manage Risks Associated With Failed Stablecoin Projects
The catastrophic event sparked renewed effort from the global regulators to address key inefficiencies in the stablecoin market that many consider could potentially jeopardize financial stability. The...
UK proposes legislation amendments to regulate stablecoin issuers
? Want to work with us? CryptoSlate is hiring for a handful of positions! The collapse of TerraUSD (UST) and its sister token Luna Classic (LUNC) has created an urgency for governments across the glob...
India proposes a graded approach for its CBDC: RBI report
On Friday, the Reserve Bank of India (RBI) announced that it was considering a graded approach to the rollout of central bank digital currency (CBDC), the much-anticipated alternative to cryptocurrenc...
Vitalik Proposes Soulbound NFTs That Are Not Tradeable – crypto.news
Vitalik Buterin has published a research paper that explains how non-transferable Soulbound Tokens (SBTs) can create an ecosystem within Ethereum named ”Decentralized Society” (DeSoc). Vitalik believe...
South Korea’s FSC Proposes Stricter Rules for Crypto Market Participants – crypto.news
South Korea’s Financial Services Commission (FSC) has introduced stricter guidelines to govern the nation’s crypto ecosystem. Dubbed the ‘Comparative Analysis of the Virtual Property Industry Act, the...
South Korea proposes a new framework for crypto firms 1
South Korea has announced that firms involved in digital assets and related products might soon be migrated to a brand new regulatory framework. According to the report, which claims a source from the...
BaFin executive proposes innovative DeFi regulation in Europe 1
BaFin, the agency charged with the supervision of financial activity across Germany, has called for establishing a direct and innovative DeFi regulation across Europe. The agency’s statement was reite...
Terra Chief Do Kwon Proposes Hardfork of Terra Blockchain to Restore Ecosystem
Terra chief Do Kwon has proposed the idea of forking the Terra blockchain and distributing the new LUNA tokens among wallet holders, LUNA holders, developers, UST holders, etc. Last week, the monument...
Terra Founder Proposes An Airdrop For Affected LUNA and UST Holders, Binance CEO Says ‘This Won’t Work’
– Advertisement – Terra Founder Wants An Airdrop For Affected LUNA and UST Holders, But the community doesn’t think it’s a good idea. The ghosts of failure are still battering Terra Luna...
Do Kwon Proposes New Plan to Revive Terra
Alex Dovbnya Terra’s Do Kwon has introduced yet another plan to revive the embattled blockchain project Do Kwon, the controversial co-founder of Terra, has come up with yet another rescue plan for the...
Indian Regulator SEBI Proposes Banning Public Figures From Endorsing Crypto Products – Regulation Bitcoin News
The Securities and Exchange Board of India (SEBI) has reportedly proposed banning public figures, including celebrities and sportsmen, from advertising and endorsing crypto products. The regulator als...
Do Kwon Officially Proposes Hard Forking Terra to Revive Ecosystem
Terra co-founder Do Kwon has unveiled a detailed plan to hard fork Terra and revive the network’s ecosystem. It will involve abandoning its algorithmic stablecoin, and launching a new cryptocurrency t...
Do Kwon proposes Terra hard fork to save ecosystem
On Monday, Do Kwon, co-founder of the troubled Terra Luna blockchain, announced a revised plan to restore the ecosystem after a combination of significant market volatility and inherent protocol desig...
Kwon Proposes Forking Terra, Nixing UST Stablecoin in ‘Revival Plan 2’
In what may have marked the largest token collapse in crypto history, Terra’s $40 billion stablecoin juggernaut crashed last week. Terra’s UST stablecoin, which is supposed to stay “pegged” to the pri...
Terra Founder Proposes Revival Plan But LUNA 2.0 Shall Be An Uphill Task, Here’s Why
Finally breaking his silence after the recent collapse of the Terra ecosystem, founder Do Kwon came up with a revival plan for the Terra blockchain network. Besides, the founder also said that they sh...
Pro-Crypto Congressman Tom Emmer Slams FSOC, Proposes Radical Reform: Here’s Why
Vladislav Sopov “The future of crypto will be decided by the American people,” Sen. Emmer (R-MN) stressed Contents Sen. Emmer claims FSOC fails to represent Americans when it comes to cryp...
Do Kwon proposes Terra revival, including token redistribution plan
Terraform Labs co-founder Do Kwon has tabled a proposal to preserve the Terra ecosystem following the historic depegging of its algorithmic stablecoin, UST, and the resulting death spiral that plunged...
Terra Founder Proposes Resetting Terra’s Ownership To 1 Billion Tokens
Few hours after the Terra Blockchain came back up, Terra’s Founder, Dokwon proposed a revival plan to resolve Terra’s ownership. Terra’s founder stated that protecting Terra’s ecosystem was the first ...
Terraform Labs Founder Do Kwon proposes a Terra Rescue Plan
Terra has been at the receiving end of one of the most disastrous downfalls in the history of crypto and blockchain. Terra’s stablecoin project, UST, and its native token, LUNA, crashed in the past fe...
Terra (LUNA) Founder Breaks Silence, Proposes New Revival Plan for Ecosystem
Terra co-founder and CEO of Terra Labs, Do Kwon, has finally spoken on the crash of its network. He has submitted a proposal on how the embattled Terra ecosystem can be salvaged from its current ruins...
Do Kwon Proposes Revival Plan for Terra Ecosystem
Terra co-founder Do Kwon has unveiled a revival plan for the Terra community, which will involve abandoning the UST stablecoin entirely. Instead, he suggests that validators reset network ownership un...
Luna CEO Do Kwon proposes forking LUNA, UST to reimburse hodlers
Luna Foundation Guard CEO, Do Kwon, has written a proposal that suggests forking LUNA to a new chain using a snapshot from before the attack. He details a recovery plan that includes giving the new bl...
UST’s Creator States Way Forward as Anchor Proposes Reduction in the Stablecoin’s Yield – crypto.news
UST developer Do Kwon has posted a series of tweets explaining the way forward for the stablecoin after recent events. He mentioned some plans to ensure UST recovers after dropping to merely 50% of it...
TFL Proposes Emergency Response to Counter Recent Collapse of Terra Ecosystem
Terra and its ecosystem have had a pretty rough ride the past few days. With UST losing its peg and LUNA in freefall, Terra is under pressure to quickly resolve the “bad debt” and restore community tr...
TerraForm Labs proposes to burn $1.3B in UST to save LUNA
Terraform Labs proposed to burn a total of $1.3 billion worth of UST to save LUNA to combat the current crisis. A three-step emergency plan was posted on the project’s Twitter account, which included ...
FSB financial watchdog, proposes to write a crypto rulebook
The current cryptocurrency market is in free fall, and financial regulators haven’t ignored it. With the crypto sector as the tip, a significant margin has taken down global markets. Fears about Ameri...
Indian GST Council Wants to Treat Crypto Like Casinos and Online Betting, Proposes 28% Tax
The Goods and Service Tax (GST) Council, the body in charge of making laws and regulating goods and services tax in India, is planning on treating cryptocurrencies like casinos and online betting. Cur...