According to a new proposal dated Dec. 1, directed acrylic graph network Fantom seeks to implement an affiliate program for its decentralized application, or dApp, developers with network gas fees. To fund this venture, the Fantom community has proposed slashing the protocol’s current FTM token burn rate from 20% to 5%. In supporting the proposal, Fantom developers wrote: “We take…
As a crypto CEO, I know how often our sector is misunderstood and criticized. Sometimes, the criticism is deserved because we have not always done our part to shine a light on the utility and use cases powering positive change. But other times, it’s based on the assumption that all players in this industry are the same, which is just…
According to a new filing with the U.S. Securities and Exchange Commission on Dec. 1, crypto ATM operator Bitcoin Depot said it “remains on track to complete its previously announced business combination with GSR II Meteora Acquisition Corp.” The merger with the special purpose acquisition vehicle, or SPAC, is scheduled to occur in the first quarter of 2023, subject to…
Coinbase’s Wallet iOS application no longer supports NFT transactions because of Apple’s strict new policies on NFTs, which were announced in October. “You might have noticed you can’t send NFTs on Coinbase Wallet iOS anymore. This is because Apple blocked our last app release until we disabled the feature,” the Coinbase Wallet account shared on Twitter Thursday. While NFTs aren’t…
Cryptocurrency may be a threat to America’s national security and more regulation is needed in the space now, Commodities Futures Trading Commission Chair Rostin Behnam said today. Senators on Thursday grilled Behnam on lack of regulation in space at the first congressional oversight hearing following the crash of crypto exchange FTX and the fall of its disgraced founder Sam Bankman-Fried. …
In brief Magic Eden has launched the Open Creator Protocol, which it says can enforce creator royalties on Solana NFTs that use the tool. In October, the leading Solana NFT marketplace made creator royalties optional for buyers to pay. That’s still true for existing collections. Creator royalties are at threat in the NFT space, especially on Solana, where effectively all…
Italy is planning to tighten regulations on digital currencies by expanding its tax laws to include cryptocurrency trading in 2023, according to budget documentation released on Dec. 1. Included in its 2023 budget are plans to impose a 26% levy on profits larger than 2000 euros ( $2,062.3) made on cryptocurrency trading, according to Bloomberg. Prior to this proposal, digital currencies…
Former FTX CEO Sam Bankman-Fried (SBF) has been talking a lot more since his exchange collapsed a few weeks ago, as he’s spoken at the New York Times Dealbook Summit, sat down with Good Morning America host George Stephanopoulos, and recently conducted an interview with New York Magazine. While doing all of these interviews, SBF has revealed very little and…
The self-custody crypto wallet from Coinbase said users can no longer send nonfungible tokens, or NFTs, due to interference from Apple. In a Dec. 1 Twitter thread, Coinbase Wallet said the tech company with a more than $2 trillion market capitalization had blocked the latest release of its app in an effort to “collect 30% of the gas fee” through…
Bitcoin (BTC) has been stuck below the $18,600 resistance for the past 19 days and while bears successfully breached the $16,000 support on Nov. 21, the 8% range is pretty narrow for an asset class with 60% annualized volatility. This gives investors good reason to doubt that BTC price will hold its current gains leading into the $430 million BTC…
