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Three crypto advocacy groups have launched a campaign in response to proposed legislation that would remove many incentives for miners operating in Texas.In an April 10 announcement, the Texas Blockchain Council, Chamber of Digital Commerce, and Satoshi Action Fund called on Texas residents to reach out to lawmakers in opposition
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As the cryptocurrency market continues to grow, tax authorities worldwide face mounting challenges in ensuring compliance. A recent study by Divly, a crypto-tax platform, reveals that a mere 0.53% of cryptocurrency investors globally declared their crypto activities to local tax authorities in 2022. STUDY: Divly, a tax preparation service in Sweden, conducted
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Sergej Kunz, the co-founder of decentralized finance (DeFi) protocol 1inch Network, sat down with Cryptox reporter Joseph Hall at the Paris Blockchain Week 2023. The duo discussed various topics, including the limitations of investing for normal people, what mass adoption looks like and big companies jumping into the Web3 space. Starting
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The Federal Reserve’s new Bank Term Funding Program is a backstop for banks – but also a license to let interest rates rip. Source
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“I kind of think of the way I frame it is: How do we rotate capital and attention and talent and resources from degenerative projects, which are ‘number go down,’ to regenerative projects,” explained Owocki. “Regen is ‘number go up,’ positive sum games.” In other words, it’s about creating projects
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Powell said there’s a place for stablecoins in the financial sector, if they get “appropriate regulation,” but meanwhile, Powell argued that “there are real concerns about permissionless public blockchains, and the reason is that they've been so susceptible to fraud, to money laundering and all of those things.” Source
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In the aftermath of the FTX collapse, Forbes published an article focused on the recent “shuffling” of funds by the cryptocurrency exchange Binance. However, the following day on Feb. 28, Binance co-founder and CEO Changpeng “CZ” Zhao took to Twitter to tackle the FUD. In response to the article, the CEO said: “They
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While electricity is an integral part of our daily lives, some modern technologies do not require electricity to function. These technologies rely on other energy sources, such as mechanical energy, solar energy, or kinetic energy, to operate. In this article, learn how seven modern technology examples work without electricity.Solar-powered calculatorsOne
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Many DAOs say that decentralization, broadly, is the end goal and, as a result, conflates “system decentralization” with “organizational decentralization.” The former refers to the technological systems DAOs are built on and use, and the latter would include the DAO’s social and cultural attributes. System decentralization should be relentlessly pursued
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