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A proposal seeking to create a $200 million fund dedicated to early-stage Web3 startups was submitted on Feb. 26 by Mantle Core on BitDAO’s governance forum. The ecosystem fund aims to boost the adoption of Mantle’s network among developers and Dapps. Mantle is an Ethereum layer-2 network developed by the BitDAO
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The proposal defines how changes to an account's transaction sequence can be made on the XRP Ledger to ensure the movement of tokens between XRP Ledger and associated sidechains. Source
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Besides the deflationary approach to increase the value of KLAY, the protocol also revealed that it is committed to increasing the utility of the digital currency beyond its use as a gas fee. The Klaytn Foundation, the blockchain startup in charge of maintaining the Klaytn Blockchain’s code, has proposed cutting the
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The recommendations target consumer protection, risk management and prudential requirements, the Bank of Israel said. Original Source
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The proposal suggests an initial burning of 73% of the reserve supply, amounting to 5.28 billion KLAY tokens or approximately 48% of the total token supply. Source
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Service platforms that do not plan to apply for a license should start preparing for closure in the jurisdiction, Hong Kong's securities regulator said. Source
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MEV represents the profits made by validators and blockbuilders as a result of reordering or including certain transactions in certain data blocks. Initially seen as an abusive extra tax on users imposed by opportunistic traders wedging themselves into the blockchain process, the practice has become ubiquitous. Original Source
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Köppelmann cited bridge risks as a key factor in his proposal. “Currently, the bridge has the right to mint unlimited GNO tokens on Gnosis,” he wrote. “Of course, it is only supposed to mint GNO tokens on Gnosis if an equivalent amount has been locked on Ethereum (and that should
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A five-member panel of the United States Securities Exchange Commission (SEC) has voted 4-1 in favor of a proposal that may make it more difficult for cryptocurrency firms to serve as digital asset custodians in the future.The proposal, which is yet to be officially approved by the SEC, recommends amendments to
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U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lending platforms may claim to custody investors’ crypto, that does not mean they are qualified custodians.” Gary Gensler Proposes Including Crypto in
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