Biden strikes a blow to the cryptocurrency industry
The Biden Administration endorsed a tax amendment that appears to be directed at the DeFi industry. In an unexpected move, the Biden Administration endorsed an amendment to a major Senate bill that would subject a large segment of the cryptocurrency industry to onerous or even impossible tax reporting requirements. Senators Rob Portman (R-Ohio) and Mark […]
Ethereum: 90-year NYSE-listed company changes ticker from ETH to ETD
Ethan Allen Interiors Inc., a New York Stock Exchange (NYSE)-listed company, has changed its ticker symbol from “ETH” to “ETD” to avoid confusion with Ethereum and to acknowledge crypto’s ascendancy. Apart from the London hard fork, Ethereum reached another milestone this week, with a 90-year-old New York Stock Exchange (NYSE) listed company changing its ticker […]
Vitalik Buterin applauds the success of the London hard fork
Vitalik Buterin, co-founder of Ethereum stated that the success of the London hard fork has given him more confidence in the upcoming merge to the Ethereum 2.0 chain. The EIP-1559 district, according to Buterin, is “definitely the most important part of London.” according to Bloomberg News from Singapore. As a result of the upgrade, which was completed approximately 15 […]
White House only supports minor changes to crypto tax proposal
The crypto community is protesting a US infrastructure plan amendment that keeps strict reporting requirements for developers and validators but exempts miners. In response to proposed amendments to the White House infrastructure plan’s crypto provisions, the crypto community has mobilized to oppose the plan, which seeks to raise $28 billion for infrastructure funding through increased […]
Aftermath of the London upgrade: Ethereum network burns $395K ETH per hour
A total of 2.3 Ethereum per minute or $6,600 is being consumed at the current rate. By using the new transaction fee mechanism, which was implemented as part of Ethereum’s London upgrade on August 5, approximately 2.3 ETH is burned every minute. Last week, the much-anticipated London hard fork went live, ushering in the EIP-1559 […]