Tuesday, October 4, 2022
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Binance burns $1.8M in LUNC trading fees following community proposal

Cryptocurrency exchange Binance has announced it completed the first burn of Terra Classic tokens’ trading fees in response to a community proposal from September.In an Oct. 3 update, Binance CEO Changpeng Zhao said the exchange had burned roughly $1.8 million worth of Terra Classic (LUNC) — formerly Terra (LUNA) —

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Stanford Proposal for Reversible Ethereum Transactions Divides Crypto Community

Regarding criticism around corruptible judges, Daniel Goldman, an engineer at Ethereum scaling company Offchain Labs, noted, “Those outcrying against this seem unaware of how many widely used ERC-20 tokens today have centralized admins with *complete* power to arbitrarily rug its holders (mint, burn, freeze, etc.) and get little-to-no pushback for

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Coinflex plans give 65% of company to creditors as part of restructuring proposal

Cryptocurrency exchange CoinFlex announced a structuring proposal in response to user feedback following the platform experiencing liquidity issues.In a Wednesday blog post, CoinFlex said under the proposal — which will be subject to a vote and then court approval— creditors will own 65% of the company, while its team members

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CFTC and SEC open comments for proposal to amend crypto reporting rules for large hedge funds

The United States Securities and Exchange Commission, or SEC, and the Commodity Futures Trading Commission, or CFTC, have called for comments on a proposal which would require large advisers to certain hedge funds to report exposure to crypto.In a joint proposed rule published to the Federal Register on Sept. 1,

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Uniswap Foundation proposal gets mixed reaction over $74M price tag

The Uniswap Labs community has already begun mulling over a new proposal that would form a Uniswap Foundation based in the United States, but first, it’s going to cost $74 million.The proposal has garnered mixed feedback from the community so far, with many praising the foundation’s plans to support and

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Japan may see a reduced 20% tax on crypto earnings with new proposal

The Japan Crypto-Asset Business Association (JCBA) and the Japan Crypto-Asset Exchange Association (JVCEA), the two prominent crypto advocacy groups in Japan, released a tax reform request that calls for lowering taxes for individual investors on crypto earnings. The fiscal 2023 tax reform request addressed key issues that the advocacy groups believe

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