It’s time to redesign developers’ incentives

The committee recommended more clarity for DAOs, new capital gains tax provisions, and tax breaks for green miners. 1197 Total views 22 Total shares The Senate Committee on Australia as a Technology and Financial Center (ATFC) has just tabled its third and final report in Parliament which has 12 far-reaching recommendations for the regulation of…

Our weekly roundup of news from East Asia curates the industry’s most important developments.Blowing up a Singaporean crypto hedge fund worth an estimated $10 billion at its peak was, by all means, a life-changing event for its co-founders Kyle Davies and Zhu Su. It appears that the trauma from the incident had been so severe…

The EVM-compatible XRP Ledger sidechain is set to undergo its second phase in early 2023 — which will make the chain permissionless and improve scalability. 482 Total views 15 Total shares Ripple users may be able to interact with Ethereum-compatible decentralized applications (DApps) in the future following the launch of a test phase of Ripple’s…

Quarles said some of the approaches on stablecoin regulation from the President's Working Group on Financial Markets’ November report are unnecessary. 249 Total views 10 Total shares Speaking publicly for the last time as a member of the Board of Governors of the Federal Reserve System, Randal Quarles urged regulators to exercise restraint on stablecoins.In…

Major figures in the crypto space argued the Bitcoin creator was the most deserving candidate for the economic award, despite the fact Satoshi's true identity remains unknown. 147 Total views 63 Total shares Bitcoin enthusiasts on social media platforms have reiterated their annual petition to have the Sveriges Riksbank Prize in Economic Sciences in Memory…

While the government’s concerns are valid, industry stakeholders agree that a more measured approach could yield better outcomes.