Although digital assets in the United Arab Emirates (UAE) are thriving, PwC thinks the asset class can flourish even more and has identified a three-stage facilitative model for regulators. PwC believ...
Tag: Proposes
Vitalik Buterin proposes stealth addresses for anonymous NFT ownership
Ethereum co-founder Vitalik Buterin has suggested there may be a “low-tech approach” to incorporating privacy features into nonfungible token, or NFT, transactions. In a Monday post on the Ethereum re...
Vitalik proposes private NFTs using ‘stealth addresses’ to hide owner’s identity
Ethereum Founder Vitalik Buterin suggests the idea of private NFTs whereby the owner would not be known through blockchain data. The concept was added to an Ethereum Research post focused on adding an...
Aave community proposes suspending Fantom-based integration
The past month has seen a series of hacks in the crypto sector. The latest hack was on hardware wallets, where 15,000 Solana wallets were affected, resulting in a loss of around $4.6 million. Aave pro...
Community members react as Uniswap proposes a $74 million initiative
A new proposal from a leading Decentralize Exchange, Uniswap, has been greeted with mixed reactions by community members. As revealed, the proposal would see a Uniswap Foundation established in the US...
Uniswap Labs alum proposes Uniswap Foundation to boost exchange
Two Uniswap community members have submitted a governance proposal to create the Uniswap Foundation, an entity tasked with growing the decentralized crypto exchange’s ecosystem. The Uniswap Foundation...
Senator Warren proposes reducing Wall Street’s involvement in crypto
The United States Senator Elizabeth Warren is continuing her anti-crypto campaign, this time proposing legislation that would effectively shut down bank-provided cryptocurrency services, according to ...
US Senate Bill Proposes to Empower CFTC to Oversight Tokens & Digital Assets
On Wednesday, a group of Democratic and Republican members on the Senate Agriculture Committee introduced a bill that aims to give the Commodity Futures Trading Commission (CFTC) authority over the ma...
Transportation Department proposes stricter rules for airline refunds after complaints surge
Travelers at LaGuardia Airport in New York on June 30, 2022. Leslie Josephs | CNBC The Transportation Department on Wednesday proposed stricter rules on when airlines would have to compensate passenge...
U.K. Law Commission Proposes to Legally Defin…
The Law Commission of England and Wales today published a proposal to reform the law relating to digital assets, including cryptocurrencies and non-fungible tokens (NFTs), and has put forth the idea t...
Law Commission for England and Wales proposes reforms for digital assets
The Law Commission of England and Wales is proposing a number of law reforms to provide wider recognition and legal protections for cryptocurrency and digital asset users. The institution is reviewing...
Harmony proposes minting billions of ONE tokens to pay back hack victims
Harmony’s core team has proposed a hard fork to mint billions of new harmony (ONE) tokens. The proposal is part of the plan to reimburse victims of its bridge hack last month. Harmony is a proof-of-st...
UK proposes extending property laws to ‘recognise and protect’ crypto
The United Kingdom continues to ramp up its efforts to establish a cryptocurrency regulatory framework, with various proposals being fronted. In this line, the region’s Law Commission has published a ...
Harmony (ONE) Proposes Minting New Tokens to Reimburse Hack Victims
The team behind the Harmony protocol has announced a potential reimbursement plan for victims of the Horizon bridge hack that includes minting over 2 billion ONE tokens. The community has presented tw...
Backlash as Harmony proposes minting 4.97B tokens to reimburse victims
The team behind the Harmony blockchain project has proposed the minting of up to 4.97 billion worth of its native token ONE to compensate victims of the $100 million Horizon Bridge hack in June. The ...
Harmony Proposes Issuing ONE Tokens to Reimburse Victims of $100M Hack
“The Horizon bridge incident resulted in the loss of $99,340,030.00 worth of digital assets across approximately 65,000 wallets and 14 different asset types,” the developers said Wednesday in a propos...
FTX proposes bailout plan for Voyager Digital customers
In the wake of Voyager Digital’s declared bankruptcy, FTX is proposing a comeback plan for customers who were burned by the bankruptcy. It is yet another attempt by the exchange to rush to the aid of ...
FTX proposes a deal to Voyager clients to receive early reimbursements
FTX and Alameda Research are stepping in to rescue the troubled Voyager Digital exchange customers. The companies plan to give Voyager Digital customers a new FTX account with a cash balance reflectin...
FTX proposes a way to give Voyager Digital clients some of their digital assets back early
FTX and Alameda Ventures want to offer Voyager Digital customers a chance to start a new FTX account with an opening cash balance funded by an early distribution on a portion of their bankruptcy claim...
FTX Proposes Joint Proposal to Bailout Bankrupt Voyager’s Customers
FTX crypto exchange announced on Friday that its plans to give Voyager Digital’s customers access to some of their funds. According to a joint proposal between FTX and Alameda Ventures, a trading firm...
Voyager Seeks to Reopen Withdrawals as FTX Proposes Joint Plan
Key Takeaways Bankrupt crypto firm Voyager Digital says that it is requesting court permission to allow users to access their balances. In an unrelated development, FTX has offered to allow Voyager cu...
South Korea Proposes to Defer Planned Crypto Tax Until 2025 South Korea Defers Crypto Tax Plans Until 2025
In a tax reform introduced on Thursday, the South Korean government proposed to postpone the planned 20% tax on crypto earnings for two years. If accepted, crypto earnings in South Korea will be taxed...
New UK Treasury Minister Proposes New Regulations for Stablecoins
U.K. Chancellor of the Exchequer Nadhim Zahawi laid out plans in the Financial Services and Markets bill to regulate stablecoins. The bill, presented at Parliament on July 20, 2022, gives the Bank of ...
Lido Finance Proposes Selling 20M LDO Tokens for DAI – crypto.news
Crypto Staking Service Provider Lido Finance has begun discussions on a governance proposal to sell 20 million Lido DAO (LDO) tokens and diversify its treasury into stablecoins to fund its operating n...
Ripple proposes narrowly tailored redactions in its case with SEC
Ripple was sued by the Securities and Exchange Commission (SEC) in December last year. The outcome of this lawsuit will be a turning point for the global crypto economy, with the results expected to s...
Ripple Proposes “Narrowly Tailored Redactions” Against SEC
The U.S SEC vs Ripple lawsuit has reached a crucial point where the court has denied the commission’s claims over the Hinman speech related documents. Meanwhile, the defendants have filed another requ...
Peter Todd Proposes Turning Bitcoin Into Dogecoin – Trustnodes
The joke currency is apparently not a joke at all according to Peter Todd, a bitcoin developer, who has suggested that bitcoin should follow the Dogecoin approach of endless inflation with no more hal...
Russian Banking Association Head Proposes Crypto Exchange Under MOEX
Aksakov emphasised that MOEX is entirely complying with the central bank laws. As a result of the penalties, MOEX’s activities were put on hold for a month. It was recommended by the Head of state of ...
Aave Proposes to Launch an USD-Pegged Stablecoin Called GHO
DeFi protocol Aave proposed to its community to create a USD-pegged stablecoin, GHO. The project would allow users to mint GHO against their supplied collaterals, with all the interest payments being ...
Aave proposes stablecoin to rival MakerDAO’s DAI
Aave Companies, the firm behind decentralized finance (DeFi) protocol Aave, introduced a proposal to create a native decentralized USD-pegged stablecoin GHO on July 7. The proposal is up for discussio...