Fantom wants to cut token burn rate to fund dApp rewards program
This proposal seeks to reduce Fantom’s current burn-rate in order to redirect more network fees directly to dApps building on Fantom. In a fresh proposal dated December 1, the directed acrylic graph network Fantom proposes to introduce a network gas fee-based affiliate program for its dApp developers. The Fantom community has suggested reducing the protocol’s […]
Auros Global misses DeFi payment due to FTX fall
Crypto trading firm Auros Global appears to be suffering from FTX infection after missing a principal repayment. Following the failure to make the required main payment on a 2,400 wrapped ether (wETH) decentralized finance (DeFi) loan, the cryptocurrency trading company Auros Global looks to have an FTX infection. On November 30, institutional credit underwriter M11 […]
Italy Wants To Tax Crypto Gains At 26% From 2023
A provision in Italy’s 2023 budget plan looks to implement a 26% levy on capital gains earned from digital asset sales where the profit exceeds 2,000 euros. According to budget documents made public on December 1, Italy intends to impose stricter rules on digital currencies in 2023 by extending its tax laws to cover cryptocurrency […]
Binance Hires Former Trump Accounting Firm Mazars
Binance is working with accounting firm Mazars as part of its proof-of-reserve (PoR) audits triggered by the fall of FTX. The Wall Street Journal reported on Nov. 30 that Mazars, the accounting firm that worked for the business of former US President Donald Trump, had been chosen as the official auditor to carry out a […]
Coinbase asserts Apple halted wallet app release over gas prices
According to the platform, Apple requested that Coinbase Wallet prohibit NFT transactions in order to introduce new restrictions to safeguard corporate revenues at the expense of user investment in NFTs. According to Coinbase’s self-custody cryptocurrency wallet, Apple’s intervention has made it impossible for customers to send nonfungible tokens or NFTs. On December 1, Coinbase Wallet […]