The US Department of Commerce is calling for submissions on how it can establish a framework that will bolster American economic competitiveness in digital assets including crypto and stablecoins. The Department of Commerce (DoC) intends on publishing a series of 17 questions in a request for comment through the International Trade Administration. The request will be published in the Federal […]

This Proposal has the Broad Support of Terra Builders – Do Kwon According to Terra’s founder, Do Kwon, the proposal currently has broad support from the blockchain’s builders. One such builder on Terra is the team at Flipside Crypto, with the team expressing excitement at the potential renewal of Terra. They said: It’s a passionate community of buidlers, developers, analysts […]

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Seven major crypto companies — Binance.US, Circle, Solana Foundation, The Aave Companies, Hedera, TRM Labs and Civic — joined hands to launch a community-driven scam reporting tool. Named Chainabuse, the tool aims to enable crypto users to issue warnings and discuss ongoing fraudulent activity such as scams and hacks in real-time.  Launched on Wednesday, the Chainabuse platform aims to counter […]

After an uncertain last week and with LUNA’s price dropping below 1 cent, Do Kwon, the founder of Terra Luna, announced a new revival plan on Twitter. A new governance proposal #1623 suggests renaming the existing network to Terra Classic, renaming LUNA to LUNA Classic, and birthing a new blockchain. The full proposal can be viewed on Terra’s official Agora […]

Aave (AAVE) has announced a new project called the Lens Protocol, which focuses on helping developers build social networking decentralized applications (DApps) on the Polygon (MATIC) blockchain.  Apart from social media DApps, the liquidity market protocol creators aim to use nonfungible token (NFT) technology along with Lens’ open-source blockchain tech to allow developers to create marketplaces, recommendation algorithms and other […]

Doom and gloom pervade the Terra ecosystem as the in-house legal team flees Terraform Labs, the development company behind the ill-fated Terra blockchain. Their departure follows last week’s unrecoverable downfall of the TerraUSD (UST) stablecoin and native token LUNA. Three Top Terra Attorneys Resign Three members of Terraform Labs’ legal team have left the company. General counsel Marc Goldich, chief […]