Vitalik Buterin’s Plans, Changpeng Zhao’s Hooks, Michael Saylor’s Shoppings and 20 Crypto Jokes
This week in crypto: Vitalik Buterin said he plans to redesign Ethereum staking and praised the UTXO payment model, MicroStrategy CEO Michael Saylor bought an additional $593 million worth of BTC, Reddit renounced Moons’ contract completing the decentralization of the token, and Bitfinex’s tokenized bond raised only $1.5 million of its initial target of $10 million. Trust Wallet alerted users about an ongoing issue with the Bitcoin node that could result in transaction delays.
In the gaming and NFT world, WAX Chief Gaming Officer Michael Rubinelli said we may be witnessing an overcorrection in the gaming investment landscape, Japanese gaming giant Square Enix began the character NFT auction for its game Symbiogenesis, Illuvium joined a blockchain gaming partnership with the esports powerhouse Team Liquid, and Magic Eden rolled out its Magic Eden Wallet in Beta, with the desktop browser extension to follow.
There was a lot of tax talk this week. Brazilian senators voted in favor of a bill that proposed taxing crypto profits earned on overseas platforms at a fixed rate of 15%, the UK taxing authority asked crypto users to disclose any unpaid taxes or risk fines, and Ukrainian lawmakers were set to debate two crypto tax bills.
Plenty was happening on the legal front, too. Binance founder Changpeng Zhao may not be off the hook yet as the US SEC continued to investigate Binance US, and a judge said Zhao can’t leave the US until his sentencing in February.
Then, FTX received court approval to liquidate the $744 million Grayscale Trust assets, while crypto lender Genesis and its parent company DCG reached a settlement in the $620M lawsuit. Bankrupt crypto lender Celsius opened withdrawals for eligible custody customers on November
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