According to a report released by Steakhouse Financial, MakerDAO's total revenue in 2022 will drop by 42% to 65 million DAI from 11.2 billion DAI in 2021, and its operating expenses will increase to 46 million DAI in 2022, an increase of more than 100% from the previous month. , resulting in an 80% month-on-month drop in the agreement’s net operating income from 90 million DAI in 2021 to 19 million DAI. According to data from Steakhouse, by the end of 2022, the circulation of MakerDAO DA...

According to a report released by Steakhouse Financial, MakerDAO's total revenue in 2022 will drop by 42% to 65 million DAI from 11.2 billion DAI in 2021, and its operating expenses will increase to 46 million DAI in 2022, an increase of more than 100% from the previous month. , resulting in an 80% month-on-month drop in the agreement’s net operating income from 90 million DAI in 2021 to 19 million DAI. According to data from Steakhouse, by the end of 2022, the circulation of MakerDAO DA...

Both the central banks of Ghana and Nigeria have stated that registered financial institutions and unlicensed fintech startups can apply to join their regulatory sandboxes, News.Bitcoin reported. In a recent press statement, the Central Bank of Ghana said the process of admitting the first participants would begin on February 13 and end on March 14. According to the Central Bank of Ghana, the sandbox will support innovation, including "new digital business models not currently covered explici...

Both the central banks of Ghana and Nigeria have stated that registered financial institutions and unlicensed fintech startups can apply to join their regulatory sandboxes, News.Bitcoin reported. In a recent press statement, the Central Bank of Ghana said the process of admitting the first participants would begin on February 13 and end on March 14. According to the Central Bank of Ghana, the sandbox will support innovation, including "new digital business models not currently covered explici...

According to The Block, Bitcoin mining company TeraWulf said on Thursday that the company has also reached a "binding agreement in principle" with existing lenders to restructure its debt, which is subject to equity financing. TeraWulf also raised $32 million in a public stock offering. The debt restructuring will replace the amortization of the term loan with a free cash flow liquidation mechanism by April 2024, provided TeraWulf raises the necessary equity proceeds by March 15.

According to The Block, Bitcoin mining company TeraWulf said on Thursday that the company has also reached a "binding agreement in principle" with existing lenders to restructure its debt, which is subject to equity financing. TeraWulf also raised $32 million in a public stock offering. The debt restructuring will replace the amortization of the term loan with a free cash flow liquidation mechanism by April 2024, provided TeraWulf raises the necessary equity proceeds by March 15.

According to CoinDesk, the DeFi liquidity protocol Squid announced the completion of $3.5 million in financing, led by North Island Ventures, with participation from Distributed Global, Fabric Ventures, Galileo, Chapter One, and Node Capital. The new funding will help Squid add more support chains and expand the team. According to reports, Squid is a cross-chain transaction and liquidity routing protocol on the Axelar Network. Squid leverages existing DEXs to trade and send any native token b...

According to CoinDesk, the DeFi liquidity protocol Squid announced the completion of $3.5 million in financing, led by North Island Ventures, with participation from Distributed Global, Fabric Ventures, Galileo, Chapter One, and Node Capital. The new funding will help Squid add more support chains and expand the team. According to reports, Squid is a cross-chain transaction and liquidity routing protocol on the Axelar Network. Squid leverages existing DEXs to trade and send any native token b...

Cronos Eco-Entrepreneurship Accelerator Cronos Labs announced the launch of the second batch of applications for the Cronos Accelerator Program to advance Web3 Dapp development. The second batch of the three-month accelerator program will start on April 24, 2023, with an application deadline of March 24, 2023, focusing on verticals such as DeFi, GameFi, SocialFi, and infrastructure. Selected projects can receive a pre-seed investment of US$30,000, and have the opportunity to receive a subsequ...

Cronos Eco-Entrepreneurship Accelerator Cronos Labs announced the launch of the second batch of applications for the Cronos Accelerator Program to advance Web3 Dapp development. The second batch of the three-month accelerator program will start on April 24, 2023, with an application deadline of March 24, 2023, focusing on verticals such as DeFi, GameFi, SocialFi, and infrastructure. Selected projects can receive a pre-seed investment of US$30,000, and have the opportunity to receive a subsequ...

Konstantin Klimenko, product director of Russia's largest state-owned commercial bank Sberbank blockchain laboratory, said that Sberbank is expected to release a decentralized finance (DeFi) platform by May and open for testing in March, Interfax reported. . The platform will initially be based on the Ethereum network, which users can access using the MetaMask wallet extension.

Konstantin Klimenko, product director of Russia's largest state-owned commercial bank Sberbank blockchain laboratory, said that Sberbank is expected to release a decentralized finance (DeFi) platform by May and open for testing in March, Interfax reported. . The platform will initially be based on the Ethereum network, which users can access using the MetaMask wallet extension.

While India’s Finance Minister Nirmala Sitharaman did not mention cryptocurrencies in her budget speech this year, the Finance Bill 2023 includes amendments to the Income Tax Act applicable to the tax on source of cryptocurrencies (TDS), Bitcoin.com reported. Crypto tax firm Koinx explained on Twitter that the penalty for failure to deduct or pay crypto source tax includes an amount that the joint commissioners will levy equal to the unpaid source tax, noting that for late payments, a 15% ann...

While India’s Finance Minister Nirmala Sitharaman did not mention cryptocurrencies in her budget speech this year, the Finance Bill 2023 includes amendments to the Income Tax Act applicable to the tax on source of cryptocurrencies (TDS), Bitcoin.com reported. Crypto tax firm Koinx explained on Twitter that the penalty for failure to deduct or pay crypto source tax includes an amount that the joint commissioners will levy equal to the unpaid source tax, noting that for late payments, a 15% ann...

The NFT platform Art Blocks recently released a developer announcement in the community Discord, announcing that it has added a secondary transaction purchase function, which means that its users do not need to rely on any other secondary NFT markets or third-party platforms to perform NFT sales and purchases operate. In addition, Art Blocks also stated that in order to further support creators, all royalty payments for NFT sales will be performed automatically, and creators no longer need to...

The NFT platform Art Blocks recently released a developer announcement in the community Discord, announcing that it has added a secondary transaction purchase function, which means that its users do not need to rely on any other secondary NFT markets or third-party platforms to perform NFT sales and purchases operate. In addition, Art Blocks also stated that in order to further support creators, all royalty payments for NFT sales will be performed automatically, and creators no longer need to...

Damus, a third-party client of the Nostr protocol, tweeted that it is using the Bitcoin Lightning Network to randomly distribute small amounts of Bitcoin to users of the client. It is reported that Damus has a built-in Bitcoin lightning network function, which can directly call a third-party lightning network wallet for payment. This follows news earlier today that Damus has been removed from Chinese app stores for failing to meet censorship requirements.

Damus, a third-party client of the Nostr protocol, tweeted that it is using the Bitcoin Lightning Network to randomly distribute small amounts of Bitcoin to users of the client. It is reported that Damus has a built-in Bitcoin lightning network function, which can directly call a third-party lightning network wallet for payment. This follows news earlier today that Damus has been removed from Chinese app stores for failing to meet censorship requirements.

According to the "Financial Times" citing people familiar with the matter, Twitter is applying for a regulatory license to enter the payment business and is designing the software needed to introduce payment functions into the Twitter platform. "Part of the plan. Twitter is reportedly focusing “first” on fiat payment options, but will also support cryptocurrency payments in the future. Esther Crawford and a small team oversee the program. Since taking over Twitter, Musk has said that he wants...

According to the "Financial Times" citing people familiar with the matter, Twitter is applying for a regulatory license to enter the payment business and is designing the software needed to introduce payment functions into the Twitter platform. "Part of the plan. Twitter is reportedly focusing “first” on fiat payment options, but will also support cryptocurrency payments in the future. Esther Crawford and a small team oversee the program. Since taking over Twitter, Musk has said that he wants...

According to the official announcement, Xinhuo Technology announced the launch of Sinohope Staking technical support services, officially deploying decentralized business. The first phase of technical services supports the Cosmos public chain, and will expand support for mainstream public chains such as Ethereum, EOS, and LIN in the future. According to the announcement, Sinohope Staking aims to provide users with safe and professional technical support to help users participate in the public...

According to the official announcement, Xinhuo Technology announced the launch of Sinohope Staking technical support services, officially deploying decentralized business. The first phase of technical services supports the Cosmos public chain, and will expand support for mainstream public chains such as Ethereum, EOS, and LIN in the future. According to the announcement, Sinohope Staking aims to provide users with safe and professional technical support to help users participate in the public...

The official WeChat account of the Suzhou Municipal Bureau of Industry and Information Technology issued the "Guiding Opinions on Cultivating Metaverse Industry Innovation and Development in Suzhou City" on January 31, proposing that by 2025, more than 200 core enterprises of the Metaverse will be cultivated and gathered, and the scale of related industries in the Metaverse will reach 200 billion yuan . The opinion proposes to take the lead in creating 30 application scenario demonstration pr...

The official WeChat account of the Suzhou Municipal Bureau of Industry and Information Technology issued the "Guiding Opinions on Cultivating Metaverse Industry Innovation and Development in Suzhou City" on January 31, proposing that by 2025, more than 200 core enterprises of the Metaverse will be cultivated and gathered, and the scale of related industries in the Metaverse will reach 200 billion yuan . The opinion proposes to take the lead in creating 30 application scenario demonstration pr...