• Maker Foundation to dissolve
    Alt coins

    ‘Completely pointless’ Maker Foundation to dissolve

    New proposals seek to turn MakerDAO into a truly decentralized, self-sustaining organization, ending a vicious cycle of ‘urgency, apathy, distraction, and denial’

    MakerDAO founder Rune Christensen unveiled proposals yesterday that will effectively cause what he believes has become a “completely pointless” Maker Foundation to dissolve over the next few years, allowing the decentralized autonomous organization live up to its name.

  • Coronavirus hits darknet revenues
    Bitcoin

    Even drug dealers are hurting as coronavirus hits darknet revenues

    Blockchain intelligence firm Chainalysis finds bitcoin spending is dropping on darknet markets and gambling sites, but not legitimate merchants; crypto scammers are stepping up

    The pandemic's economic destruction is so bad that even retailers of what may be the most recession-proof product there is—illegal narcotics—are feeling the pinch as coronavirus hits darknet revenues.

  • Brave attracts one million new users
    Ethereum,  Technology

    Brave attracts one million new users in March

    As most of us spend more time at home because of the pandemic, a web browser that pays users in crypto is enjoying a spike in demand

    The co-founder of Firefox parent Mozilla, Eich’s stated aim is to “fix the internet” with Brave—and part of this plan involves paying users in crypto. A share of advertising revenue is distributed to users who agree to view ads in the form of Ethereum-based Basic Attention Tokens. This digital asset can then be cashed in or used to reward content creators on platforms such as YouTube and Twitch.

  • Crypto holders ‘alarmingly unaware’ of taxes
    Cryptocurrencies,  Regulation

    Accountants call crypto holders ‘alarmingly unaware’ of taxes

    A new report on the state of crypto taxation makes for grim reading—and concludes accountants fear many investors likely owe back taxes

    The scale of confusion and uncertainty surrounding crypto taxation is so great that half of the American accountants surveyed revealed that they believe most of their clients who own digital assets are likely to be audited.