Markets & Business
Crypto Terra Luna Classic Surges as Traders Speculate on New Supply Burn Rule (2 minute read)
Luna classic has surged in price over the last week. The Luna classic community recently approved a proposal that introduces a 1.2% tax rate on every transaction on the blockchain. The tax will take effect on September 20. While the tax can't be enforced on trades within centralized exchanges, some exchanges plan to voluntarily adopt it. Binance is adding LUNC/USDT to its trading pair list.
Innovation & Launches
Guides & Resources
Ethereum Scalability: Why Everyone Should Be Thinking About Fuel (5 minute read)
Fuel is a modular execution layer that delivers the highest flexible throughput for the Ethereum ecosystem. It features fraud-provable trust-minimized light clients and trust-minimized liquidity bridging. Fuel is changing how developers build decentralized apps. This article discusses the challenges with Fuel and what its modular architecture enables. A link to a developer guide for building on Fuel is available.
White House Suggests Banning Proof-of-Work Mining Used By Bitcoin (2 minute read)
The White House Office of Science and Technology has released a report that claims bitcoin mining negatively impacts the environment. It hints at possible executive orders and legislation to limit or eliminate proof-of-work mining. The report claims that bitcoin mining adds stress to the power grid and raises the average electricity cost for consumers. Some of the report's cited resources have been criticized for being biased and spreading misinformation.
Coinbase employees and Ethereum backers sue U.S. Treasury over Tornado Cash sanctions (3 minute read)
Two Coinbase employees and four other plaintiffs are suing the US Treasury over the sanctions placed on Tornado Cash. Coinbase is paying the legal fees for the case. The company believes that the government overstepped its authority by placing sanctions on code. The plaintiffs' case argues that the definition of 'persons' in sanction law doesn't cover open source software code. Federal lawsuits typically take a long time to resolve, but Coinbase expects a decision to be made fairly quickly as there is no money involved and the case turns on a straightforward statutory and Constitutional challenge.
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