The vote to decrease stability fee for MakerDAO’s Ethereum blockchain-based decentralized stablecoin DAI has stalled. The vote to decrease stability fee for MakerDAO’s Ethereum blockchain-based decentralized stablecoin Dai has failed, according to the voting results published on May 20. The vote about whether to decrease the fee by 2% to 17.5% per year started yesterday, […]
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The U.S. IRS has prioritized issuing tax guidance on cryptocurrencies in response to a request from 21 representatives. The United States Internal Revenue Service (IRS) has prioritized issuing tax guidance on cryptocurrencies, according to a May 16 letter. The letter from the IRS comes in response to a request from 21 representatives in Congress, including […]
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Dutch bank ABN AMRO announced that it is launching a blockchain inventory tracking platform dubbed Forcefield. Dutch bank ABN AMRO announced that it is launching a blockchain inventory tracking platform dubbed Forcefield in a press release published on May 17. Per the announcement, the platform is an Internet of Things solution that allows the monitoring […]
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The U.S. SEC has added a 35 day period in order to hear more opinions on VanEck and Bitwise’s ETF proposal. The United States Securities and Exchange Commission (SEC) has delayed its decision on the VanEck and Bitwise bitcoin (BTC) exchange-traded fund (ETF) proposal, according to an official SEC filing on May 20. The SEC […]
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Investors are returning to cryptocurrencies following the recent rally that briefly took bitcoin above $8,000. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data […]
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White hat hackers reportedly earned $32,000 in bounties in the past two months for finding and documenting crypto and blockchain security issues. White hat hackers have earned $32,000 in bounties over the last two months by reporting security holes in crypto and blockchain projects, according to a report by Hard Fork on May 20. This […]
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Austria-based fiber supplier Lenzing Group plans to apply blockchain to track its fiber supply and to “green up the textile industry.” Major global fiber producer Lenzing will implement blockchain tech to bring more transparency to its fiber supply chain, the firm announced on May 17. Headquartered in Lenzing, Austria, the fiber manufacturer partnered with Hong […]
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Major automobile manufacturers Honda and GM are jointly working on a blockchain project for electric vehicles with smart grids. Major automobile manufacturers Honda and General Motors (GM) are jointly conducting research on electric vehicle and smart grid interoperability using blockchain tech, Japanese news outlet Nikkei reported on May 20. As part of the project, Honda […]
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Nikolai Arefiev, a senior official in the Russian State Duma, argued that cryptos were created to hide money from the government. A senior official in Russia’s parliament, the State Duma, has argued that cryptocurrencies have the potential to ruin governments, Russian financial media agency Rambler reported on May 20. Nikolai Arefiev, a member of the […]
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The Stellar network went offline for over an hour, raising concerns about decentralization. Recently, blockchain-powered network Stellar stopped confirming transactions for more than one hour, effectively going offline. Although no money was reportedly lost as a result, Stellar’s major issue has now been highlighted publicly: The project is not decentralized, at least not to the […]
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