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Solana-powered AMM Raydium proposes SushiSwap integration to reduce fees

Major decentralized exchange SushiSwap is the latest to consider action to mitigate Ethereum’s extreme transaction fees, and it involves a potential port to the Solana blockchain.A proposal, which was posted to the SushiSwap forum on Feb. 22 under the codename ‘Bonsai,’ suggests building out the platform on the Solana ecosystem. The

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Uber Proposes New Laws for Gig Economy Employment to European Regulators

In the new proposed law, Uber envisions an ecosystem that offers an “industry-wide level playing field” and sets a “consistent earnings baseline” for workers across different platforms.Uber Technologies Inc (NYSE: UBER) has shared a regulatory draft with the European Union urging it to introduce a new framework for the gig

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Treasury proposes rule to monitor crypto going to self-hosted wallets

The Treasury has released its long-awaited proposal to restrict money services businesses, including U.S.-registered crypto exchanges, from dealing with self-hosted wallets.In a Friday evening announcement, the Treasury's Financial Crimes Enforcement Network, or FinCEN, announced proposed rules requiring registered crypto exchanges to verify the "identity of their customers, if a counterparty

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Russian prime minister proposes legal steps to bring order to crypto market

Russian prime minister Mikhail Mishustin has appeared to express support for the further development of the local cryptocurrency market.At a recent governmental meeting held on Nov. 26, Mishustin proposed the introduction of legal protections for crypto holders in the country in order to contribute to the growth of the new

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Ketsal Proposes Toolkit for Measuring ‘Decentralization’

A New York law firm is trying to test blockchain projects’ decentralization claims against their perhaps not-quite-so-distributed realities.Called the “Ketsal Open Standards” rubric, the toolkit, developed by the Ketsal law firm and revealed exclusively to CryptoX, proposes using hard, measurable data points to either bolster or burst a blockchain’s decentralized

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Bill Proposes National Crypto Regulatory Framework

A new bill could bring cryptocurrency exchanges under a single federal framework.The Digital Commodity Exchange Act of 2020, introduced Thursday by Rep. Michael Conaway (R-Texas), seeks to create a federal definition of “digital commodity exchanges,” putting them in their own legal category and charging the Commodity Futures Trading Commission (CFTC)

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Leaked EU Draft Proposes All-Encompassing Laws for Crypto Assets

A leaked version of rules to be issued later this month by the European Commission proposes an all-encompassing set of regulations covering the trading or issuance of digital assets across the 27-nation bloc.  Europe’s Markets in Crypto-Assets (MiCA) draft legislation provides legal certainty around crypto assets – cryptocurrencies, security tokens and

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