Synthetix wants to permanently stop using SNX money printer
If the plan were to be implemented, Synthetix would operate much more like a conventional company by only collecting fees and giving the money to SNX holders. Kain Warwick, the creator of Synthetix’s decentralized finance (DeFi) technology, has proposed a proposal that would stop excessively high yield returns for SNX stakers and set a 300 […]
Cardano hard fork ‘closer’ as 42% of blocks have upgraded SPOs
Before conducting the Vasil hard fork, IOHK wants to see at least 75% of new blocks come from improved nodes in addition to two additional “important signs”. The blockchain business that runs the Cardano network, Input Output Hong Kong (IOHK), has revealed the status of three crucial indications that will launch the mainnet update, claiming […]
Japan may modify taxes to deter crypto startup capital flight
According to industry insiders, the existing plan is preventing domestic innovation in the cryptocurrency space. Prior to the country’s 2023 tax overhaul, Japan’s Financial Services Agency is reportedly considering changing the corporate entity cryptocurrency taxation structure. The proposed amendment would eliminate capital gain liabilities for corporate crypto assets that have not been sold at the […]
Advocate of bitcoin proposes BTC as fix to US student loan crisis
According to Dennis Porter, the government should give debtors $10,000 worth of Bitcoin and lock it away for ten years. Following the announcement by US President Joe Biden of a plan to forgive millions of Americans’ college debts of up to $20,000, a proponent of Bitcoin (BTC) suggested an alternate way to settle the debt. […]
Binance promises security during Philippine senate hearing
Binance is seeking a license to operate in the Philippines before a moratorium and offering instructional tools for traders and blockchain developers. According to a Wednesday report in the regional news, officials of Binance attended a session of the Philippine Senate Banking Committee. Participants at that hearing were the vice governor of the Bangko Sentral […]