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Arbitrum Foundation, the Ethereum layer 2 network, has introduced two new proposals with significant changes after its initial governance proposal faced backlash from the community. The Foundation plans to keep 700 million ARB tokens, which were left in the administrative budget wallet until the DAO approves an appropriate spending plan. 1/10 With
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Ethereum layer 2 solutions provider Arbitrum has backtracked on its governance voting system following community backlash from token holders.On April 2, the Arbitrum Foundation tweeted that its first governance proposal, AIP-1, “likely will not pass” and added its “committed to addressing the feedback received from the community.”The move will break
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“The question remains whether the regulator would go after all staking programs, even if they provide specific disclosures around yield, allow users to actively stake and un-stake their crypto and operate on a pass-through basis, both on returns and costs,” analysts Gautam Chhugani and Manas Agrawal wrote. Source
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The launch of the exchange project backed by the bankrupt hedge fund Three Arrows Capital (3AC) attracted a mob of angry community members who took to Twitter, expressing their disappointment with the state of the crypto space. Open Exchange, a crypto exchange project that was initially proposed by 3AC and Coinflex,
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Of the 7,500 tokens available, only 1,818 were minted at the time of writing. The project fared worse on secondary marketplaces such as OpenSea, with NFTs selling for below the mint price – meaning, it was cheaper to buy the NFT at resale than mint an original. Source
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Amid mounting criticism on social media, crypto investment firm CoinFLEX has attempted to clarify its plans to build a new crypto exchange with Three Arrows Capital (3AC).A leaked pitch deck on Jan. 16 revealed it was collaborating with the now-bankrupt hedge fund to build a proposed crypto exchange called "GTX" — which
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Yosuke Matsuda, the president of Square Enix Holdings Co., Ltd., has reaffirmed the gaming company’s commitment to fusing blockchain technology with video games, in spite of continued disapproval from its fanbase.See related article: Japan game maker Gumi strikes US$52 mln metaverse deal with Square Enix, SBIFast facts“We are [focused] on
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Consensys warned, though, that users may need to take extra precautions should they wish to retain their privacy by bypassing Infura: "From a privacy perspective, we caution that these alternatives may not actually provide more privacy," ConsenSys said in its statement. "Alternate RPC providers have different privacy policies and data
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Decentralized exchange (DEX) Uniswap's recently updated privacy policy appears to have attracted the ire of some members of the community, with concerns that collecting and storing user data works against crypto's core values. In recent responses to a November blog post regarding its updated privacy policy, some vocal members of the community
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"Our goal when we designed the tokenomics was to create something that fairly represents the community," Aptos CEO Mo Shaikh told CryptoX in an interview. "If you look at our tokenomics distribution, we have among the lowest across any blockchain for investors. ... It's among the most fair that we
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