On Monday, the first cross-chain governance proposal passed on decentralized finance, or DeFi, borrowing and lending platform Aave (AAVE). According to DeFi Llama, the amount of total value locked on Aave is approximately $12 billion. As told by its developers, a proposal executed on Aave, which is built on the Ethereum (ETH) network, was sent to the Polygon (MATIC) FxPortal. … [Read more...] about First cross-chain governance proposal passes on Aave
Proposal
A16z Publishes Web 3 Policy Proposal for World Leaders
If you’re a world leader hoping to transform your country into a global Web 3 hub, Andreessen Horowitz wants to show you the way.On Friday, the venture capital firm – often called a16z for short – released a policy agenda aimed at global governments with 10 guiding principles on how to “build a better internet.”In the agenda, a16z encourages world leaders to think proactively … [Read more...] about A16z Publishes Web 3 Policy Proposal for World Leaders
SEC Delays Decision on NYDIG’s Spot Bitcoin ETF Proposal
The Securities and Exchange Commission (SEC) has extended the time period for ruling on NYDIG’s proposal for a spot bitcoin ETF by 60 days in order to have “sufficient time to consider the proposed rule change and any comments received.”The SEC’s original deadline was Jan. 15, so now it has until March 15 to make a decision.In recent months, the SEC has rejected spot bitcoin … [Read more...] about SEC Delays Decision on NYDIG’s Spot Bitcoin ETF Proposal
SEC Rejects Kryptoin Spot Bitcoin ETF Proposal
The U.S. Securities and Exchange Commission (SEC) rejected investment firm Kryptoin’s proposal for a spot bitcoin exchange-traded fund (ETF) in a letter on Wednesday.The decision comes roughly five weeks after the agency had rejected VanEck’s application for a spot bitcoin ETF.It was also not unexpected, as SEC Chair Gary Gensler has indicated his preference for a bitcoin … [Read more...] about SEC Rejects Kryptoin Spot Bitcoin ETF Proposal
Paraguay’s Senate Approves Proposal Regulating Crypto Mining and Trading
One of the main attractions for mining companies is the cost of electricity in Paraguay, which is the lowest in the region at around $0.05 per kilowatt-hour, Paraguayan congressman Carlos Rejala told CoinDesk in June, adding that almost 100% of energy production comes from hydroelectric sources. Source link … [Read more...] about Paraguay’s Senate Approves Proposal Regulating Crypto Mining and Trading