Yuga Laps Announces Restructuring, Plans to Lay off Staff
Yuga Labs announces a restructuring plan, including layoffs, to refocus on core crypto-native projects and streamline operations. Yuga Labs’ co-founder and CEO, Greg Solano, stated: “I am hellbent on transforming Yuga and getting us back to our roots, and that means making hard decisions.” In a note to the group, Solano stated that Yuga Labs had become disoriented […]
Phoenix Wallet to Terminate Services to US Clients
Phoenix Wallet, a Bitcoin (BTC) wallet made for Lightning transactions, stated that it will cease to provide services to citizens of the United States on May 3. Phoenix Wallet’s developer, ACINQ, intends to take the app down from American app stores on the specified date, so American users won’t be able to use it after […]
Indonesia, Australia Tax Offices Sign MoU on Cryptocurrency
On April 22, tax officials from Australia and Indonesia struck a deal in Jakarta to create a framework for exchanging cryptocurrency information. The goal of this agreement, which was announced on April 23, is to make it easier to identify assets that could be subject to tax in either nation. Additionally, it seeks to facilitate […]
Ton Network Slashes Fees, Introduces Precompiled Contracts
Developers of the TON blockchain have reported a 2.5-fold decrease in network transaction charges. The project team states that the amount of the transaction fees will change based on the native token’s dollar value. The commission on the first transaction using Jettons for one Toncoin (TON) will be around $0.06, and on future transactions, $0.04. […]
FTX to Auction Off Remaining Solana (SOL) Tokens
The remaining Solana (SOL) tokens that the now-defunct cryptocurrency exchange FTX holds are intended to be put up for auction. According to insiders who spoke with Bloomberg, a “blind auction” with a deadline of April 24 is scheduled for this week. The next day is when the outcome is expected to be revealed. This comes […]