ICO Archives

Ethereum Finalizes ‘Dencun’ Upgrade, in Landmark Move to Reduce Data Fees

March 13, 2024

“Scalability is the fundamental unlock that enables permissionless collaboration between developers across projects and teams,” said Karl Floersch to CoinDesk, CEO of OP Labs, the developer firm behind the Optimism blockchain. “With EIP-4844 and Dencun, developers across the Ethereum ecosystem can more seamlessly build together. The upgrade will enable a group of loosely coordinated developers to actually build systems that provide overall experiences that will rival the user experiences we’re used to from top-down, centrally planned platforms.” Source

PancakeSwap Decentralized Exchange Unveils Version 4 to Make Trading More Efficient

March 13, 2024

“PancakeSwap v4 code will be released under an open-source license,” head developer Chef Mochi said. “It addresses the shortcomings of current AMMs, including inflexibility in pricing models for all assets, lack of CEX-level execution functions, impermanent loss for liquidity providers, and pricey on-chain gas fees for users.” Source

Toncoin Rises 61% in Two Days as Telegram Eyes Potential IPO

March 13, 2024

While officially separate, Telegram endorsed Ton Network as its blockchain of choice in September. Source

Indonesia’s Finance Regulator Issues New Crypto Regulation to Strengthen Industry

March 13, 2024

Earlier this month, OJK has been teaming up with financial authorities from Malaysia, Singapore, and Dubai to build a comprehensive crypto policy. These international collaborations, including drafting Memorandums of Understanding with Malaysia’s Bank Negara, Singapore’s Monetary Authority, and Dubai’s Virtual Asset Regulatory Authority, aim to establish a solid framework for crypto policy. Source

EU Regulators Publish Batch of Draft Rules for Stablecoins Under MiCA

March 13, 2024

The RTS published lays out the “requirements, templates and procedures complaints received by issuers” of what MiCA defines as asset reference tokens (ARTs). Unlike stablecoins that are pegged to the value of one currency like the euro or U.S. dollar, ARTs – such as Libra (later Diem), proposed by Meta a few years ago – can reference several of them or other assets like cryptocurrencies. Source

First Mover Americas: Coinbase Plans $1B Bond Sale

March 13, 2024

The latest price moves in bitcoin (BTC) and crypto markets in context for March 13, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source

Thailand Greenlights Income Tax Exemption for Investment Token Earnings: Report

March 13, 2024

Earnings already subject to the 15% capital gains tax don’t need to be included when calculating income taxes. Source

ClearToken Raises $10M From Institutional Investors Including Nomura’s Laser Digital

March 13, 2024

The crypto clearing house plans to start preliminary settlement services in the U.K. this year, subject to regulatory approval. Source

Terraform Labs Allowed to Hire Law Firm Dentons In Bankruptcy Case by U.S. Court: Reuters

March 13, 2024

A U.S. court has allowed Terraform Labs to hire law firm Dentons to defend the company in a lawsuit brought against it by the U.S. Securities & Exchange Commission (SEC) in Jan. 2024. Source

Instant Settlement Needed to Compete With Crypto, India’s Markets Regulator Says

March 13, 2024

Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (SEBI), announced plans to introduce faster settlements on Monday. India is planning to introduce a same-day settlement cycle from March 28 on an optional basis, making it the second country after China to do so while other nations typically settle within two days, a local report said. Source