One of the most intractable problems in DeFi may be facing a ecosystem-wide effort as a growing number of protocols are beginning to get creative with their advertising and outreach efforts. Automated market maker Uniswap announced today a collaboration with esports group Team Secret. Funded by the Uniswap Grants Program, Uniswap will become an official sponsor of the team in … [Read more...] about ‘Sidequests,’ sponsorships, and e-sports as DeFi protocols ponder user acquisition
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Bitcoin exchange Kraken to probe user accounts after U.S. court dictum
The U.S. Internal Revenue Services, the country’s main body responsible for collecting taxes and administering the Internal Revenue Code, will probe users of crypto exchange Kraken after a court order, news outlet Reuters said this morning.The taxman comes for crypto: DOJ says a federal court has authorized the IRS to serve a John Doe summons on the crypto exchange Kraken, … [Read more...] about Bitcoin exchange Kraken to probe user accounts after U.S. court dictum
Looming hard fork to boost BCH user base?
Bitcoin Cash (BCH) burst back into the market capitalization top 10 rankings on Thursday after a 36% overnight surge compounded 68% growth for the week. The per coin valuation of BCH climbed from $1,068 to $1,462 in under 24 hours leading into May 6, adding to a notable increase from its weekly low in the $800 range.The resurgence of what was once a mainstay of the top-10 … [Read more...] about Looming hard fork to boost BCH user base?
IRS gets access to crypto exchange Circle’s user data, targets Kraken next
Shortly after getting a court authorization to obtain records of cryptocurrency exchange Circle’s customers, the US Internal Revenue Service (IRS) is now seeking to get access to similar data from trading platform Kraken.“Those who transact with cryptocurrency must meet their tax obligations like any other taxpayer,” said acting assistant attorney general David Hubbert of the … [Read more...] about IRS gets access to crypto exchange Circle’s user data, targets Kraken next
Active user wallets on Ethereum DeFi have dipped 40% in one month
According to DappRadar, the unique active wallet count on the Ethereum decentralized finance market has seen a significant drop. Between mid-February and the time of writing, unique active DeFi wallets on Ethereum have dipped almost 40%.While Ethereum gas fees seem to have bottomed out, the high transaction costs that have characterized the network over the past few weeks … [Read more...] about Active user wallets on Ethereum DeFi have dipped 40% in one month