MakerDAO is set to introduce some changes to its Compound V2 D3M. MKR has seen a decline in buying pressure in the last week. In a new proposal, the Open Market Committee of leading decentralized finance platform (DeFi) MakerDAO has sought community approval to increase the maximum debt ceiling on its Compound DAI Direct Deposit […]
White House Publishes ‘Roadmap’ to Mitigate Cryptocurrency Risks
The White House has published a “roadmap to mitigate cryptocurrencies’ risks.” The roadmap calls for authorities to “ramp up enforcement where appropriate” and Congress “to step up its efforts” to regulate the crypto sector. It also notes that legislation should not greenlight mainstream institutions “to dive headlong into cryptocurrency markets.” ‘The Administration’s Roadmap to Mitigate […]
Shibarium beta is about to launch- Here’s everything SHIB holders should know
The proposed launch of Shibarium contributed to improved sentiment toward SHIB. Investors, however, might be running out of patience. The proposed launch of the much-awaited layer-2 blockchain Shibarium and the ongoing bull run in the general market has led to a growth in Shiba Inu’s [SHIB] price and has resulted in an improved sentiment since […]
New York Considers Bill to Establish Cryptocurrency as a Form of Payment for State Agencies
A bill has been introduced in the U.S. state of New York to allow state agencies to accept cryptocurrency payments, including bitcoin, ether, litecoin, and bitcoin cash. The legislation proposes allowing crypto to be used as “a means of payment of fines, civil penalties, rent, rates, taxes, fees, charges,” and more. Bill to Allow State […]
Sam Bankman-Fried denies he tried to sway witness, awaits possible contact restrictions
Former FTX CEO Sam Bankman-Fried has denied that he tried to influence a potential witness. Previously, government officials suggested that Bankman-Fried attempted to do so and requested restrictions on his communications in a Jan. 27 court filing. SBF tried to contact FTX US General Counsel Damian Williams, U.S. attorney for the Southern District of New […]
IRS Lists Requirements to Report Crypto Income
The Internal Revenue Service (IRS) has reminded taxpayers that they must report their crypto income when filing their 2022 federal income tax return. The Internal Revenue Service (IRS) has issued a reminder for taxpayers to disclose all digital asset-related income on their 2022 federal income tax return, similar to the process in 2021. The term […]
Gala Price Prediction for Today, January 28: GALA/USD Trades Above $0.060 as a Retracement May Follow
The Gala price prediction shows that GALA is moving higher and could break above the resistance of $0.060 as the coin stays higher. Gala Prediction […]
Stablecoin Economy Sheds Another $3 Billion in 44 Days
The stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has risen by 2% over the last 30 days, usd coin’s market cap slid by 2.9%, BUSD valuation shed 7.2% over the last month […]
Crypto Mining in Residential Areas of Russia Might Face Ban Soon
Members of the group think the change would make the community safer from fires. Anton Tkachev thinks it’s a good idea to prohibit mining in residential areas. Russian presidential advisors on the Energy Committee of the State Council have proposed a ban on cryptocurrency mining in residential zones. Local media have stated that members of […]
Bitcoin: Euphoria ravages the market; bullish trend remains strong
BTC’s social dominance has grown tremendously since the year began. Its price might increase even more as bullish sentiment lingers in the market. The growth in the general cryptocurrency market since the commencement of the 2023 trading year has led to a rally in Bitcoin’s [BTC] dominance in the market. At 44.18% at press time, […]