This Report will provide you some important and quick news of cryptocurrencies that happened around the world.
1. Binance US CEO Resigns Due To Strategic Differences
Brian Brooks, the CEO of Binance US, has resigned less than three months after taking the role. Brooks announced his resignation via Twitter, stating that he was forced to resign due to strategic differences with the exchange. Brooks did not specify the nature of the cited strategic differences in his post. The resignation comes as Binance comes under increasing scrutiny from…..[Continue Reading]
2. Marvel And VeVe Partnered To Create Spider-Man NFTs
Marvel Entertainment, the world’s largest publisher of comic books, partnered with the VeVe marketplace to launch the first official Spider-Man NFTs. From Saturday, August 7th, fans of the superhero will be able to purchase the collectibles. 32,000 people will have the opportunity to purchase the entry-level NFT for $40, while 1,000 of the most expensive NFTs will cost…..[Continue Reading]
3. Elon Musk Backs The Crypto Community
The crypto community is rallying its forces just hours before the US Congress votes on digital asset taxation. This time, they have the backing of one of the world’s most powerful people – Elon Musk. Elon Musk stated, There is no current crisis in the cryptocurrency market that needs “hasty” regulation…..[Continue Reading]
4. Biden Deals Supports Proof-Of-Stake Tax
The Biden Administration unexpectedly endorsed a Senate amendment that would subject a large segment of the crypto industry to onerous or impossible tax reporting requirements. It would exempt only validators and developers who worked on proof-of-work networks from tax reporting, effectively favoring Bitcoin over networks that use proof-of-stake (PoS) and other consensus mechanisms…..[Continue Reading]
5. Impact Of EIP-1559 On Ethereum
EIP-1559, or Ethereum Improvement Proposal 1559, is the massive Ethereum network update that is primarily focused on changing the current fee mechanism. Following the update, the new fee structure will include a base fee that will replace the current auction-style fee structure, which allows miners to increase their fees by up to three to five times during congestion periods…..[Continue Reading]
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