New York Attorney General Alleges Ether Is a Security in KuCoin Lawsuit (2 minute read)
New York State Attorney General Letitia James filed a lawsuit against KuCoin on Thursday alleging that the exchange is violating securities laws by offering tokens - including ether - that meet the definition of a security without registering with the NYAG's office. James argued that ether, luna (LUNA) token and terraUSD (UST) stablecoin are securities under the Martin Act and KuCoin was required to register before selling them. The NYAG's office is seeking a court order to stop KuCoin from operating in New York and implementing geo-blocking. |
Biden Budget Takes Aim at Crypto Wash Trading (1 minute read)
President Biden's 2024 Fiscal Year Budget proposes tax changes on cryptocurrency transactions, such as eliminating wash trading to prevent tax-deductible losses on failed investments and applying the same tax rules as traditional securities. The bill estimates this could raise $24 billion for the Treasury and also plans to impose an increase in tax rate for the wealthiest 0.01% to a minimum of 25%. The changes would apply to sales for fiat currency, exchanges for goods and services, airdrops, minting, and staking activities. The Budget is expected to be released today but needs approval from Congress before it can be signed off by the President. |
Instadapp Launches 'Avocado' Multi-Blockchain Wallet (2 minute read)
Instadapp has launched its Avocado wallet, which can be used to execute multi-network transactions while being connected to a single network. Transactions are processed through Avocado's RPC and gas fees are paid in USDC. Avocado also charges a 20% fee on top of the gas fees, with half of the revenue going to dApps that integrate with the platform and the remainder going to the Instadapp DAO. Coinbase, Uniswap, and ETHDenver have all recently released or discussed wallet offerings, indicating the importance of user experience when it comes to cryptocurrency adoption. |
Launch of Dune SQL (6 minute read)
Dune has launched DuneSQL, an attempt to make the fastest, most powerful and convenient crypto data querying experience on the planet. It features many Dune-specific improvements such as using other queries as views and querying byte arrays directly. Postgres-based v1 platform is almost fully sunset and Spark SQL will be sunset in July 2023. Wizards can use an automated tool to help make query changes and get help from the team if they are having difficulties. There is also a tool that will help Wizards migrate their existing queries to DuneSQL. |
How to Use Etherscan to Track Whales and Smart Money (2 minute read)
Etherscan is the main blockchain explorer for Ethereum, and, at a high level, it allows users to track transactions, explore contracts, view account balances, find and analyze tokens, and track wallets. This thread guides users through the process of using Etherscan to track wallets and tokens, and then how to go from there to find smart money wallets, whales, and influencer wallets. |
Tokenomics of Projects that 100xed in the 2021 Bull and What that Might Mean for the Next Bull (4 minute read)
This thread shows an analysis of the tokenomics of "100xers" in the 2018-2021 bull markets, which highlights the fact that there were 57 100xers in the top 300 per CMC. The analysis shows there are few high circulating supply 100xers, and that mid circulating supply projects were the most represented category, as they blend ecosystem dynamism with not as dilutive tokenomics. It also outlines strategies for mid-long term and short term horizons, but stresses the importance of also considering survival bias with the coins in the study. |
Dust on Crust - A New Stablecoin Proposal by Arthur Hayes (25 minute read)
In this article, Arthur Hayes discusses a new design for a stablecoin called Satoshi Nakamoto Dollar (NUSD). The goal of the NUSD is to create a token that is worth 1 USD but does not require the services of the fiat banking system. It works by depositing 1 BTC on a derivatives exchange and shorting one XBTUSD swap. The Bitcoin value of the swap increases exponentially as the USD price of Bitcoin falls, and approaches zero as the USD price of Bitcoin rises. In theory, each side of the pair should equally offset the other. There are some risks that come into play, and there are still aspects of centralization, but the article attempts to provide some solutions to those potential problems. |
Community-as-a-Service - The Next Logical Step in the Nascent PvP World of Crypto (9 minute read)
The concept of Community-as-a-Service (CaaS) focuses on providing access to a particular group of people that can be considered a marketable product. Examples of CaaS include Mobalytics for League of Legends, Aim Trainers for FPS games, and mods for modern video games. In DeFi, Convex was created to serve the community using Curve.fi, and Delegate.cash services NFT holders. CaaS differs from the current competition-driven crypto landscape, as its goal is to serve the community of an established project, like Tribally did for Axie Infinity by building a new website. The article posits that more value will be able to be created by catering to specific communities as crypto continues to mature rather than attempting to disrupt the status quo. |
The Future Of Medicine Is Tokens (15 minute read)
In this article, Zee Prime Capital explores the notion of DeSci, or Decentralized Science, a permissionless capital formation for scientific research that is powered by crypto capital and blockchain technology. It explains how this concept could accelerate research and incentivize funding for rare diseases and long-tail therapeutics, and create real-world outcomes that people are willing to pay for. |
Is DeFi Safe? That's Up To You! (10 minute read)
People often worry whether DeFi is safe or not, but many issues that people worry about could be avoided with proper education. This article lays out how to take measures to ensure funds are secure from hacks, smart contract vulnerabilities, and financial scams and how to manage private keys and seed phrases. |
If your company is interested in reaching a crypto-savvy audience, you may want to advertise with us.
If you have any comments or feedback, just respond to this email!
Thanks for reading,
Dan
|
|
| |
No comments:
Post a Comment