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India proposed a draft on Monday to ensure due diligence and allow its online gaming industry to regulate itself.The government of India recently proposed a mechanism for self-regulation in the country’s online gaming industry. This development comes amid rising concerns over gaming addiction and disruptive patchy state laws. The newly-proposed online gaming
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Jared Grey, CEO of the decentralized exchange Sushiswap, has plans to redesign the tokenomics of the SUSHI token, according to a proposal introduced on Dec. 30 in the Sushi's forum.As part of the new proposed tokenomics model, time-lock tiers will be introduced for emission-based rewards, as well as a token
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The team behind the Raydium decentralized exchange (DEX) has announced details as to how the hack of Dec. 16 occurred and offered a proposal to compensate victims.According to an official forum post from the team, the hacker was able to make off with over $2 million in crypto loot by
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Visa, the financial services corporation headquartered in San Francisco, California, published a blog post that talks about leveraging ethereum and the layer two (L2) scaling solution Starknet so people with self-custodial wallets can pay their bills. The blog post notes that while Ethereum doesnt support account abstraction or delegable accounts,
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EOAs can initiate transactions, but CA's cannot. However, by using Account Abstraction, it is possible to create a smart contract that can initiate transactions on behalf of an EOA, enabling the creation of a self-custodial wallet that can make automatic recurring payments, Visa said. Source
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The biggest changes would see Uniswap governance ditch its requirement for off-chain "snapshot votes" that precede on-chain votes. It would drastically raise the barrier for clearing preliminary votes, a move that will "prevent lower quality proposals" from breaking through, according to Walsh's blog. Original Source
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Fabio Panetta, an executive board member of the European Central Bank (ECB), proposed banning crypto assets with a significant environmental impact as part of efforts to address risks.In written remarks for the Insight Summit at the London Business School on Dec. 7, Panetta said harmonizing taxation around crypto between global
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Developers proposed to divert 100% of fees generated on the platform to SushiSwap’s multisig for one year or until new tokenomics are implemented. Source
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Only crypto companies with a BitLicense – a special business license granted by NYDFS that allows firms to business in New York – will be subject to the assessments. Just 22 companies currently hold a BitLicense, which is notoriously difficult to obtain, and only three have been issued this year. Source
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U.S. Fed Chair Jerome Powell’s remarks on Wednesday signaled a likely slowing down in interest rate hikes as soon as the central bank’s mid-December meeting, causing mixed results in equity markets. The S&P 500 index and Dow Jones Industrial Average closed down 0.09% and 0.56%, respectively, while the Nasdaq Composite
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