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Snook, a multiplayer game, is launching on Arbitrum, an Ethereum layer-2. The move is aimed at expanding its player base and introducing USDC, a stablecoin, to complement its native token, SNK. Snook deploys on Arbitrum, enhance gaming experience Snook is a fast-paced blockchain game focused on rewarding gamers based on their skill
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Decentralized exchange (DEX) platform dYdX will unlock $14.02 million worth of DYDX (DYDX) tokens dedicated to the community treasury and rewards for traders and liquidity providers.On Aug. 29, dYdX will release 6.52 million in-house tokens, representing 3.76% of the DYDX circulating supply. Out of the lot, 2.49 million DYDX tokens
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The Curve Finance lending protocol has terminated governance token rewards for select liquidity pools affected by the July 30 Curve exploit and July 6 Multichain exploit, according to an Aug. 2 social media post from a member of the protocol’s governing body. The ending of rewards was carried out by the
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United States crypto investors must report crypto staking rewards as gross income in the year it was received, according to a new ruling from the country’s top tax authority.On July 31, the Internal Revenue Service (IRS) issued Revenue Ruling 2023-14, giving clarification about how income earned from staking digital assets should
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“The fair market value of the validation rewards received is included in the taxpayer's gross income in the taxable year in which the taxpayer gains dominion and control over the validation rewards,” according to the legal analysis, which says that value should be figured as of the moment the U.S.
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On July 30, over 6,000 ETH ($11M worth) in so-called Maximal Extractable Value rewards were paid out to Ethereum validators, the most ever for a single day. Original Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Ethereum network recently witnessed some of the highest Maximal Extractable Value (MEV) reward blocks in history, following a vulnerability on the Curve Finance platform. This event significantly rewarded MEV bots that front-ran transactions during the defi
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"Brands can tap into our APIs to deliver these experiences without understanding Web3 or how to deploy smart contracts," she said. "Similarly, from the fan’s perspective, the Web3 elements, such as spinning up a wallet, seed phrases and paying gas fees, are all kept under the hood – offering an
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied French fashion brand Lacoste has announced the expansion of its non-fungible token (NFT) ecosystem by introducing a rewards and co-creation feature for its UNDW3 community. Lacoste made its initial foray into the world of web3 in
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The latest expansion of the Lacoste Web3 universe grants holders access to "creative sessions, contests, video games and interactive conversations." Source
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