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27 May 23

MakerDAO’s new proposal to boost DAI savings rate to 3.33%

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied MakerDAO, an Ethereum-based DeFi protocol, is preparing for a crucial vote on a proposal to increase the Dai stablecoin (DAI) savings rate (DSR) to 3.33%. If implemented, this change would likely have far-reaching effects on borrowing rates across the DeFi sector. […]

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22 May 23

MicroStrategy endorses ‘fair value model’ proposal for reporting crypto holdings

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied MicroStrategy, the largest public holder of bitcoin, has joined the growing list of supporters backing proposed rule changes by the financial accounting standards board (FASB), which seeks to eliminate impairment charges for companies holding cryptocurrencies. As of March 31, MicroStrategy held […]

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20 May 23

BitDAO passes key proposal, to merge with Ethereum layer-2 protocol, Mantle

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A proposal to combine the world’s largest decentralized autonomous organization, BitDAO, with the Ethereum-based layer-2 scaling protocol, Mantle, has been approved. The approval on May 19 sets the stage for BitDAO’s existing products, ecosystem, and native token, BIT, to change its […]

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11 May 23

Texas leaps into digital currency with Bill of Rights amendment proposal

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Texas lawmakers have voted in favor of an amendment to the state’s Bill of Rights, potentially setting the stage for the inclusion of digital currencies as a recognized medium of exchange. Texas lawmakers have made a notable stride in the realm […]

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10 May 23

SEC faces criticism from five investment firms over custody rule proposal

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bain Capital Crypto and other prominent investment firms voice concerns over the proposed SEC custody rule change. Representatives from Bain Capital Crypto, Electric Capital, Haun Ventures, Dragonfly Digital and Ribbit Capital have joined other industry voices in opposing the Securities and […]

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05 May 23

Environmental lawyer weighs in on crypto mining and taxation proposal

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The discussion around mining and taxing cryptocurrencies is still going strong. White House advisors rekindled the conversation, to which a prominent American environmental lawyer called Robert F. Kennedy Jr. responded. Robert spoke about cryptocurrencies and the possible repercussions of a proposed […]

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05 May 23

Montana passes ‘right to mine’ proposal

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied S.B. 178, a pro-cryptocurrency mining measure, has been signed into law by Montana Governor Greg Gianforte. The action effectively preempts municipalities in Montana from banning bitcoin mining. Satoshi Action Fund, a cryptocurrency advocacy organization, has backed pro-mining laws in a few […]

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29 Apr 23

PancakeSwap passes proposal that makes CAKE “ultrasound”

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied PancakeSwap, a leading decentralized exchange (DEX) on the BNB Smart Chain (BSC), has passed the CAKE Tokenomics v2.5 Decision Proposal that makes their native token scarcer. The proposal aimed to transform the tokenomics model of CAKE, the DEX’s utility token. The […]

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16 Apr 23

Uniswap passes proposal to launch on Polygon zkEVM

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Uniswap community has fully supported a proposal to deploy the exchange’s protocol to the Polygon Zero Knowledge Ethereum Virtual Machine rollup (zkEVM). All participating UNI token holders unanimously voted on the proposal to see a large list of projects built […]

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08 Apr 23

Proposal to integrate Chainlink’s low-latency oracles in GMX v2 forwarded

GMX, the decentralized crypto derivatives exchange that supports up to 50X leverage trading of bitcoin (BTC), ethereum (ETH), and other liquid assets, may soon integrate Chainlink’s low latency oracles into v2. GMX DAO proposes to integrate Chainlink’s low-latency oracles In the proposal, a user wants the GMX decentralized autonomous organization (DAO) that manages the cryptocurrency derivatives […]

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