13 seconds ago | 2 mins read Bitcoin News The new definition gives “digital assets” their own distinct category from cash. Tokens, coins, and virtual currencies are all in this category. Consistent ru...
Tag: Proposes
Compounding a disastrous year for Bitcoin and other cryptocurrency: IRS proposes controversial new question about digital assets
The Internal Revenue Service could have a potential head-scratcher of a question about your crypto investments and what’s taxable, according to a major accountants’ association. For two years, the IRS...
5G Wireless Network Helium Proposes Migration to Solana Blockchain
Decentralized peer-to-peer (P2P) 5G wireless network Helium is proposing to migrate its own network, officially known as HIP 70, to Solana in search of more efficient operations. Founded in 2013, Heli...
MakerDAO Co-founder Proposes “Endgame Plan” to Protect DAI From Attack – crypto.news
Rune Christensen, the co-founder of MakerDAO, has laid out his plan to convert the DAI stablecoin into a free-floating asset if the protocol fails to attain a 75% decentralized collateral level within...
CFTC & SEC Proposes New Category For Digital Assets In Form PF
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are proposing amendments to Form PF. The amendment proposes that the categories of “cash and cash equiv...
Japan Proposes Tax Break for Crypto Investors
Arman Shirinyan Japan looking forward to providing more breaks for cryptocurrency investors and traders to incentivize country’s economy The country’s financial regulator proposed a tempor...
Japan’s financial regulator proposes tax reforms for cryptos
The Financial Services Agency, Japan’s financial regulator, has formally proposed to ease the corporate tax burden on crypto-assets. The move resonates with Prime Minister Fumio Kishida’s recent effo...
A16z proposes a set of licenses especially for NFTs, based on Creative Commons model
Venture capital firm Andreessen Horowitz (A16z) announced Wednesday that it had devised a set of six licenses tailored to nonfungible tokens (NFTs) that are based on the model pioneered by Creative Co...
Helium Proposes Shifting its Entire Network to Solana Blockchain Months After $200M Raise
The developers propose shifting all Helium-based tokens, governance, and economics around the network’s native HNT, DC, IOT and MOBILE tokens onto Solana. The move would help scale the Helium network,...
Japan proposes crypto tax breaks to invigorate economy
In an effort to reinvigorate the Japanese economy, regulators are proposing to ease tax rules on cryptocurrencies. Japanese regulator’s proposal Prime Minister Fumio Kishida wants to boost the third-l...
MakerDAO CEO Proposes “Endgame Plan,” Suggests Free-Floating DAI
MakerDAO co-founder Rune Christensen outlined his vision for the DAI stablecoin, outlining the importance of a free-floating DAI and limited RWA (Real World Asset) exposure. Christensen suggested tur...
Japan proposes easing crypto taxes in a bid to strengthen the economy
Japan’s regulator, the Financial Services Agency (FSA), is proposing easing the corporate crypto tax in the country to strengthen the economy in line with Prime Minister Fumio Kishida’s vision. Under ...
Aave community proposes to temporarily suspend ETH lending before the Merge
With the Ethereum Merge on the way, the risk research and analysis team Block Analitica proposed a temporary pause in Ether (ETH) borrowing to mitigate the risks that may lead to a decentralized finan...
Synthetix (SNX) Founder Proposes Ending High Yield Returns With 300M Capped Supply
Synthetix founder Kain Warwick has submitted a proposal to turn off SNX’s high yield returns and cap its supply at 300 million tokens. According to Warwick, the just proposed Synthetix Improvement Pro...
Celsius Community Member Proposes Tokenization Plan; #CELshortsqueeze Campaign Fights Super-Whale – crypto.news
The Celsius community has been in disarray since the crypto lender halted all withdrawals from the platform and filed for chapter 11 bankruptcy. It’s estimated that Celsius went under with more than $...
Telegram Founder Proposes NFT-Based Username System for Its 700,000,000 Users
The founder and CEO of multi-platform messaging service Telegram is proposing a blockchain-based marketplace for usernames and addresses used on the messaging app. Pavel Durov says on his Telegram cha...
Telegram founder proposes utilizing NFT-like smart contracts to auction usernames
The founder of the Telegram messaging app, Pavel Durov, has proposed creating a marketplace that will use “NFT-like smart contracts” to auction popular usernames in high demand. Telegram to use NFT-li...
Telegram CEO Proposes Auctioning Usernames, Links As NFTs
Telegram CEO Pavel Durov has proposed bringing its platform usernames and channel links to market as NFTs. In a Monday post to his personal Telegram channel, which has 651,000 subscribers, Durov sugge...
Bend DAO Proposes Emergency Measures As Credit Crisis Escalates
NFT-collateralized crypto loans platform BendDAO initiated measures to course correct itself as a liquidity crisis over the weekend threatened to spiral out of control. The unfolding situation at Bend...
BendDAO Proposes Emergency Changes During Liquidity Crisis
A proposal with emergency changes has passed quorum with 97.13% votes. “We are sorry that we underestimated how illiquid NFTs could be in a bear market when setting the initial parameters,” DendDAO co...
NFT Lending Protocol Bend DAO Proposes New Measures against Bankruptcy Crisis
Subject to the bankruptcy crisis caused by depleted Ethereum reserves, NFT lending protocol Bend DAO has proposed new emergency measures pending a governance vote. The NFT lending protocol provides as...
Telegram founder proposes NFT-like auctions. Telegram to go Web3?
Telegram founder Pavel Durov has announced that he is currently considering the idea of a marketplace on the platform. The messaging platform has been one of the most sought-after in the last few year...
NFT lending protocol Bend DAO proposes emergency changes amid credit crisis
On Monday, developers of decentralized nonfungible tokens (NFTs) borrowing and lending protocol Bend DAO proposed new emergency measures in an attempt to stabilize the ecosystem. The same day, it was ...
Tribe DAO proposes a $157 million redemption for token holders, Rari hack victims
Tribe DAO is moving to close its doors and has outlined a multi-million dollar redemption plan that will see it distribute crypto assets to token holders as well as those impacted by the $80 million R...
TRIBE DAO Proposes $157 Million Redemption for Rari Hack Victims
Prologue – The Rari Hack In may 2022, two crypto lending organizations were attacked by hackers stealing approximately 90 Million USD. One of the two companies was Rari Capital which was attacked via ...
Fei Protocol founder proposes ghosting Tribe DAO following hack repayment
An attack in April 2022, which drained off nearly $80 million from various Rari Fuse pools, required the decentralized finance (DeFi) platform Fei Protocol to come up with a solution that minimizes da...
US Catawba Digital Economic Zone Proposes Recognizing DAOs As Non-Profits or LLCs
A United States Tribal Nation Economic Zone has drafted new regulation for DAOs. The draft proposes recognizing DAOs as unincorporated non-profit associations or limited liability companies. A United ...
Gold tokenized in Brazil: Legislative official proposes crypto project
Recently a member of the legislature in Brazil requested gold tokenization. According to reports, the official proposed that the link with crypto will address the problem of irregular mining carried o...
MakerDAO Founder Proposes USDC Fund Transfer to ETH
2 hours ago | 2 mins read Altcoin News Circle’s USDC stablecoin is used to collateralize the vast majority of MakerDAO’s DAI. The DeFi protocol has a total locked value of approximately $11 billion. M...
MakerDAO founder proposes converting $3.5B USDC reserve to Ethereum
MakerDAO (MKR) founder Rune Christensen has asked DAO members to consider converting its $3.5 billion USDC reserves to Ethereum (ETH) because of the extent of the Tornado Cash sanctions. MakerDAO is c...
CFTC proposes new crypto reporting rule for large hedge funds
The US Commodity Futures Trading Commission (CFTC) has voted to propose a joint rule with the Securities and Exchange Commission (SEC) that would require hedge funds to report cryptocurrency exposure....
MakerDAO Co-Founder Proposes Dumping $3.5 Billion USDC Reserves for ETH
MakerDAO co-founder Rune Christensen recently proposed removing all USDC from the DAI stablecoin’s peg-stability module. He suggested that the USDC within, worth $3.5 billion, could be used to buy ETH...