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In another attempt to support the revival of Terra (LUNA), the community voted to burn a large amount of UST from its community pool. Earlier in May, Terra founder Do Kwon explained that a potential solution to the Terra debacle is to absorb the stablecoin supply. In response to this, users
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“The primary challenge the Terra community has against a new fork as proposed by Do Kwon is trust,” shared Dmitry Mishunin, founder of DeFi security firm HashEx, in a Telegram chat. "Should the team choose to proceed with the new fork, there will be a need to increase trust.” Original Source
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Bitcoin proponent and MicroStrategy CEO Michael Saylor has welcomed the U.S. Financial Accounting Standards Board (FASB) vote to review accounting rules for digital assets and commodities. As it stands under current FASB guidelines — which is the source of authoritative Generally Accepted Accounting Principles (GAAP) — companies must report digital
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You’ll never have an excuse to miss another governance vote if the decentralized autonomous organization (DAO) calls or texts to badger you to vote. The Notifi Network is banking on this concept to help improve abysmal participation rates in governance votes. Launching with Solana DAOs, it combines popular centralized methods used
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Quick take: The New York State Assembly is scheduled to vote on a proposed ban on crypto mining activities in the state The vote will be carried out on Monday, April 25th If successful, the Bill proposed under number A7389C will make New York the first state to ban proof-of-work networks such as
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Here’s what happened today in regards to Elon Musk’s effort to buy Twitter. Source
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On Friday, Grant McCarty, the director of policy and public affairs at Bitcoin Magazine, announced the launch of three political efforts aimed at bolstering bitcoin public policy at the Bitcoin 22 conference in Miami. McCarty revealed the Bitcoin Advocacy Project (BAP), the Bitcoin Policy Institute (BPI) and an independent expenditure-only
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The crypto industry has reacted strongly against a EU Parliament committee voting in favor of a regulatory package for tighter know-your-customer (KYC) and anti-money laundering (AML) rules for ”unhosted” private wallets. The new guidelines would require crypto service providers — most commonly exchanges — to verify the identity of every
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Lawmakers don’t appear swayed by crypto industry claims as they consider applying anti-laundering identification rules to the sector, but some argue their plans are unworkable or unlawful. Source
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The European Parliament also wants to curb payments to tax havens and check people’s identity even for payments between unhosted wallets, internal papers reveal. Source
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