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Litecoin (LTC), often called “the silver to Bitcoin’s gold,” has been round for nearly 11 years — which is sort of a feat contemplating a good quantity of cryptocurrencies go bust inside 12 months of launching. Cointelegraph spoke with the Litecoin Foundation’s managing director, Alan Austin, about why he thinks Litecoin’s core utility is serving as a dependable technique of fee.As instructed by Austin, a lot of his imaginative and prescient for Litecoin is drawn from private expertise:“When I finished grad school, I worked with startup technology companies and real estate. And one of the things I did was managing accounts for firms like Bank of America and Fannie Mae, and it was surprising to see how old their technology was and how difficult it was to get stuff done.”After the 2008 monetary disaster, Austin started shedding religion within the conventional monetary system. “Seeing how the big banks set different standards for everyone at their discretion when it comes to access to money, and how now they were the ones getting bailed out, it made me really appreciate what blockchain technology was trying to do,” he instructed Cointelegraph.Austin defined that Litecoin was created with many options and attributes much like Bitcoin (BTC). “For starters, it’s decentralized, and there were no pre-mine tokens given to founders, making it a fair launch. It also has a limited supply, is highly liquid and has very low fees. Moreover, the blockchain has been online for 11 years without downtime.” According to Austin, the Litecoin improvement workforce primarily focuses on three efforts: onboarding enterprise partnerships, retailers and outreach for the Litecoin Card debit card.“When you use stablecoins to pay for goods, in reality, all you’re doing is using a digital version of fiat money. Cryptocurrencies are volatile, but no middlemen are taking a hefty commission or scrutinizing your transactions.”With the launch of Litecoin’s new privateness layer, Austin mentioned that the coin has turn out to be extra user-friendly for these eager on defending their knowledge. “It offers fungibility,” he mentioned. “When you go to pay with a credit card or hard cash, the merchant doesn’t know how much cash you’ve got in your pocket, nor your bank account. But, say, if you pay with Bitcoin, everyone can see that transaction and your wallet balance on the blockchain.” Austin explains that the brand new privateness layer on prime of Litecoin solves the issue. “We are allowing users to hide their address and balance amount when making payments. And it’s really useful for protecting people’s privacy, such when receiving their payroll in crypto.”Finally, for Austin, the thought of Litecoin lies in its evolution as a brand new technique of fee and never a lot in capitalizing on the most recent developments within the trade. “Our goal right now is to kind of build slow. We’ve been here for years, and we’ve seen that if you move too fast, the project can implode on itself. So, we’re sticking to our goal of developing Litecoin as a better payment.”

Litecoin (LTC), often called “the silver to Bitcoin’s gold,” has been round for nearly 11 years — which is sort of a feat contemplating a good quantity of cryptocurrencies go bust inside 12 months of launching. Cointelegraph spoke with the Litecoin Foundation’s managing director, Alan Austin, about why he thinks Litecoin’s core utility is serving as a dependable technique of fee.As instructed by Austin, a lot of his imaginative and prescient for Litecoin is drawn from private expertise:“When I finished grad school, I worked with startup technology companies and real estate. And one of the things I did was managing accounts for firms like Bank of America and Fannie Mae, and it was surprising to see how old their technology was and how difficult it was to get stuff done.”After the 2008 monetary disaster, Austin started shedding religion within the conventional monetary system. “Seeing how the big banks set different standards for everyone at their discretion when it comes to access to money, and how now they were the ones getting bailed out, it made me really appreciate what blockchain technology was trying to do,” he instructed Cointelegraph.Austin defined that Litecoin was created with many options and attributes much like Bitcoin (BTC). “For starters, it’s decentralized, and there were no pre-mine tokens given to founders, making it a fair launch. It also has a limited supply, is highly liquid and has very low fees. Moreover, the blockchain has been online for 11 years without downtime.” According to Austin, the Litecoin improvement workforce primarily focuses on three efforts: onboarding enterprise partnerships, retailers and outreach for the Litecoin Card debit card.“When you use stablecoins to pay for goods, in reality, all you’re doing is using a digital version of fiat money. Cryptocurrencies are volatile, but no middlemen are taking a hefty commission or scrutinizing your transactions.”With the launch of Litecoin’s new privateness layer, Austin mentioned that the coin has turn out to be extra user-friendly for these eager on defending their knowledge. “It offers fungibility,” he mentioned. “When you go to pay with a credit card or hard cash, the merchant doesn’t know how much cash you’ve got in your pocket, nor your bank account. But, say, if you pay with Bitcoin, everyone can see that transaction and your wallet balance on the blockchain.” Austin explains that the brand new privateness layer on prime of Litecoin solves the issue. “We are allowing users to hide their address and balance amount when making payments. And it’s really useful for protecting people’s privacy, such when receiving their payroll in crypto.”Finally, for Austin, the thought of Litecoin lies in its evolution as a brand new technique of fee and never a lot in capitalizing on the most recent developments within the trade. “Our goal right now is to kind of build slow. We’ve been here for years, and we’ve seen that if you move too fast, the project can implode on itself. So, we’re sticking to our goal of developing Litecoin as a better payment.”

Litecoin (LTC), often called “the silver to Bitcoin’s gold,” has been round for nearly 11 years — which is sort of a feat contemplating a good quantity of cryptocurrencies go bust inside 12 months of…

Elizabeth Rosenberg, the assistant secretary for terrorist financing and monetary crimes on the United States Department of the Treasury, prompt sanctioning cryptocurrency mixers might assist strengthen the federal government’s response to overseas entities trying to make use of digital belongings for illicit means. In a Tuesday listening to of the Senate Banking Committee, which lined sanctions on Russia, Rosenberg stated having the Treasury Department add crypto mixers like Blender.io or Tornado Cash to its record of Specially Designated Nationals could possibly be an efficient means of signaling the U.S. authorities was performing to forestall entities from circumventing sanctions. “When [sanctions] can serve as a deterrent to any criminal that would seek to use a mixer in order to launder their funds […] that’s an effective avenue we can use in order to signal that we cannot tolerate money laundering,” stated Rosenberg. “Whether that’s for a Russian criminal actor, an Iranian, a North Korean or wherever they may come from.”She added:”Anonymity-enhancing know-how reminiscent of mixers […] are certainly a priority for understanding the circulate of illicit finance and getting after it.”Elizabeth Rosenberg addressing the U.S. Senate Banking Committee on TuesdayRosenberg responded to questions from Massachusetts Senator Elizabeth Warren, who stated some within the crypto area had been “furious” about Treasury sanctioning mixers and prompt Russian oligarchs might use digital belongings to keep away from efforts aimed toward economically impacting people and entities tied to the struggle on Ukraine. Many within the area have criticized the Treasury’s actions, together with Coinbase — the crypto alternate introduced on Sept. 8 that it might be bankrolling a lawsuit in opposition to the federal government division difficult the sanctions on Tornado Cash.Related: US Treasury sanctions Iran-based ransomware group and related Bitcoin addressesIn addition to blenders together with Blender.io and Tornado Cash, the Treasury focused particular Bitcoin (BTC) addresses allegedly tied to people in a Russian neo-Nazi paramilitary group and an Iran-based ransomware group in September. Amid criticism and uncertainty amongst crypto customers, the Treasury later clarified that nobody was prohibited from sharing Tornado Cash’s code on web sites or publications.

Elizabeth Rosenberg, the assistant secretary for terrorist financing and monetary crimes on the United States Department of the Treasury, prompt sanctioning cryptocurrency mixers might assist strengthen the federal government’s response to overseas entities trying to make use of digital belongings for illicit means. In a Tuesday listening to of the Senate Banking Committee, which lined sanctions on Russia, Rosenberg stated having the Treasury Department add crypto mixers like Blender.io or Tornado Cash to its record of Specially Designated Nationals could possibly be an efficient means of signaling the U.S. authorities was performing to forestall entities from circumventing sanctions. “When [sanctions] can serve as a deterrent to any criminal that would seek to use a mixer in order to launder their funds […] that’s an effective avenue we can use in order to signal that we cannot tolerate money laundering,” stated Rosenberg. “Whether that’s for a Russian criminal actor, an Iranian, a North Korean or wherever they may come from.”She added:”Anonymity-enhancing know-how reminiscent of mixers […] are certainly a priority for understanding the circulate of illicit finance and getting after it.”Elizabeth Rosenberg addressing the U.S. Senate Banking Committee on TuesdayRosenberg responded to questions from Massachusetts Senator Elizabeth Warren, who stated some within the crypto area had been “furious” about Treasury sanctioning mixers and prompt Russian oligarchs might use digital belongings to keep away from efforts aimed toward economically impacting people and entities tied to the struggle on Ukraine. Many within the area have criticized the Treasury’s actions, together with Coinbase — the crypto alternate introduced on Sept. 8 that it might be bankrolling a lawsuit in opposition to the federal government division difficult the sanctions on Tornado Cash.Related: US Treasury sanctions Iran-based ransomware group and related Bitcoin addressesIn addition to blenders together with Blender.io and Tornado Cash, the Treasury focused particular Bitcoin (BTC) addresses allegedly tied to people in a Russian neo-Nazi paramilitary group and an Iran-based ransomware group in September. Amid criticism and uncertainty amongst crypto customers, the Treasury later clarified that nobody was prohibited from sharing Tornado Cash’s code on web sites or publications.

Elizabeth Rosenberg, the assistant secretary for terrorist financing and monetary crimes on the United States Department of the Treasury, prompt sanctioning cryptocurrency mixers might assist strengthen the federal government’s response to overseas entities trying to…

On Tuesday, institutional crypto lending protocol Maple Finance and its delegate Icebreaker Finance introduced that they would offer as much as $300 million value of secured debt financing to private and non-private Bitcoin mining corporations. Qualified entities assembly treasury administration and energy methods requirements situated all through North America, in addition to these in Australia, can apply for funding.On the opposite hand, the enterprise seeks to ship risk-adjusted returns within the low teen percentages (as much as 13% each year) to traders and capital allocators. The pool is just open to accredited traders who meet substantial revenue and/or internet value {qualifications} inside a jurisdiction. In the United Stat, amongst many standards, this implies having an annual pre-tax revenue of over $200,000 ($300,000 with a partner) or having a liquid internet value of greater than $1 million.As instructed by Maple Finance, underlying loans within the new lending pool would final for 12 to 18 months with rates of interest of as much as 20%. The mortgage can be secured by bodily and mental belongings owned by the borrower and will embrace Bitcoin mining rigs. Regarding the event, Sidney Powell, CEO and co-founder of Maple Finance, said:”Recent market headwinds have brought about lenders to drag again, whereas conventional financing autos have been slower to interact this sector. Miners play an important function in rising the crypto ecosystem and native economies, and we’re proud to increase a brand new financing automobile to direct capital the place it’s wanted essentially the most.”Maple at the moment holds 50% of the institutional crypto lending market as measured by complete loans excellent. At the time of publication, liquidity swimming pools on Maple have issued near $1.8 billion value of loans since its inception in May 2021.Today, @IcebreakerDeFi joins Maple and opens a $300M capability pool to supply secured debt financing to blue-chip Bitcoin mining and digital asset infrastructure corporations. pic.twitter.com/ZWyLV2P9hr— Maple (@maplefinance) September 20, 2022

On Tuesday, institutional crypto lending protocol Maple Finance and its delegate Icebreaker Finance introduced that they would offer as much as $300 million value of secured debt financing to private and non-private Bitcoin mining corporations. Qualified entities assembly treasury administration and energy methods requirements situated all through North America, in addition to these in Australia, can apply for funding.On the opposite hand, the enterprise seeks to ship risk-adjusted returns within the low teen percentages (as much as 13% each year) to traders and capital allocators. The pool is just open to accredited traders who meet substantial revenue and/or internet value {qualifications} inside a jurisdiction. In the United Stat, amongst many standards, this implies having an annual pre-tax revenue of over $200,000 ($300,000 with a partner) or having a liquid internet value of greater than $1 million.As instructed by Maple Finance, underlying loans within the new lending pool would final for 12 to 18 months with rates of interest of as much as 20%. The mortgage can be secured by bodily and mental belongings owned by the borrower and will embrace Bitcoin mining rigs. Regarding the event, Sidney Powell, CEO and co-founder of Maple Finance, said:”Recent market headwinds have brought about lenders to drag again, whereas conventional financing autos have been slower to interact this sector. Miners play an important function in rising the crypto ecosystem and native economies, and we’re proud to increase a brand new financing automobile to direct capital the place it’s wanted essentially the most.”Maple at the moment holds 50% of the institutional crypto lending market as measured by complete loans excellent. At the time of publication, liquidity swimming pools on Maple have issued near $1.8 billion value of loans since its inception in May 2021.Today, @IcebreakerDeFi joins Maple and opens a $300M capability pool to supply secured debt financing to blue-chip Bitcoin mining and digital asset infrastructure corporations. pic.twitter.com/ZWyLV2P9hr— Maple (@maplefinance) September 20, 2022

On Tuesday, institutional crypto lending protocol Maple Finance and its delegate Icebreaker Finance introduced that they would offer as much as $300 million value of secured debt financing to private and non-private Bitcoin mining corporations.…

The American state of Colorado now accepts cryptocurrency for tax funds, Gov. Jared Polis introduced on Monday. The choice is already obtainable on the state Department of Revenue web site.  Colorado tax funds are accepted by the PayPal Cryptocurrency Hub with service charges of $1.00 plus 1.83% of the cost quantity. Payments are accepted solely from private accounts in a single cryptocurrency. Businesses can not pay their taxes by way of crypto but. Payments will probably be efficient on the day they’re initiated, though it is going to take three to 5 days for the switch to happen. Payments are instantly transformed into fiat.The Colorado governor mentioned earlier this yr that he anticipated the state to start accepting cost in crypto. Speaking on the opening of Denver Startup Week, Polis mentioned of the brand new cost choice:“We’re just showing again, from a customer service perspective, how Colorado is tech-forward in meeting the ever-changing needs of businesses and residents.” Polis is a long-time crypto supporter and aadvocate for the tech business in his state. As a member of the U.S. House of Representatives, Polis was lively in cryptocurrency laws and was a founding member of the Congressional Blockchain Caucus. I’m past excited to announce my marketing campaign is dropping an unique assortment of NFT’s!I’ve all the time supported rising know-how and I’m trying ahead to being among the many first to implement NFT’s into campaigns. https://t.co/RS15wG8ox4— Jared Polis (@PolisForCO) June 13, 2022

Other states have tried to institute tax funds in crypto. Ohio was the primary to take action in 2018,  but it surely suspended the service a yr later as a result of authorized problems. New Hampshire tried repeatedly to undertake crypto tax funds, however the payments didn’t make it out of the state legislature, and states comparable to Georgia, Illinois and Arizona have thought-about it. Related: Colorado accepts tax funds in crypto: Was it only a matter of time?U.S. cities have proven curiosity in accepting crypto funds as nicely. Denver, the capital metropolis, was proven to be one of many main U.S. cities for crypto hires in 2021.

The American state of Colorado now accepts cryptocurrency for tax funds, Gov. Jared Polis introduced on Monday. The choice is already obtainable on the state Department of Revenue web site.  Colorado tax funds are accepted by the PayPal Cryptocurrency Hub with service charges of $1.00 plus 1.83% of the cost quantity. Payments are accepted solely from private accounts in a single cryptocurrency. Businesses can not pay their taxes by way of crypto but. Payments will probably be efficient on the day they’re initiated, though it is going to take three to 5 days for the switch to happen. Payments are instantly transformed into fiat.The Colorado governor mentioned earlier this yr that he anticipated the state to start accepting cost in crypto. Speaking on the opening of Denver Startup Week, Polis mentioned of the brand new cost choice:“We’re just showing again, from a customer service perspective, how Colorado is tech-forward in meeting the ever-changing needs of businesses and residents.” Polis is a long-time crypto supporter and aadvocate for the tech business in his state. As a member of the U.S. House of Representatives, Polis was lively in cryptocurrency laws and was a founding member of the Congressional Blockchain Caucus. I’m past excited to announce my marketing campaign is dropping an unique assortment of NFT’s!I’ve all the time supported rising know-how and I’m trying ahead to being among the many first to implement NFT’s into campaigns. https://t.co/RS15wG8ox4— Jared Polis (@PolisForCO) June 13, 2022 Other states have tried to institute tax funds in crypto. Ohio was the primary to take action in 2018, but it surely suspended the service a yr later as a result of authorized problems. New Hampshire tried repeatedly to undertake crypto tax funds, however the payments didn’t make it out of the state legislature, and states comparable to Georgia, Illinois and Arizona have thought-about it. Related: Colorado accepts tax funds in crypto: Was it only a matter of time?U.S. cities have proven curiosity in accepting crypto funds as nicely. Denver, the capital metropolis, was proven to be one of many main U.S. cities for crypto hires in 2021.

The American state of Colorado now accepts cryptocurrency for tax funds, Gov. Jared Polis introduced on Monday. The choice is already obtainable on the state Department of Revenue web site.   Colorado tax funds are…

BNB Chain, the native blockchain of Binance, has launched AvengerDAO, a brand new community-driven safety initiative to assist shield customers in opposition to scams, malicious actors and attainable exploits.The security-centric decentralized autonomous group (DAO) has been developed in affiliation with main safety companies and well-liked crypto initiatives akin to Certik, TrustWallet, PancakeSwap and Opera, to call a number of. The AvengerDAO safety initiative primarily consists of three main parts, specifically a passive API system known as Meter, a subscription-based alert system known as Watch, and a programmable fund administration system known as Vault.When a person on the BNB Chain interacts with any functions or counterparties, AvengerDAO provides a further layer of safety. The Meter API system fetches safety scores on good contracts, domains, and addresses and alerts customers in case of a safety vulnerability. The Watch system alerts customers in real-time about ongoing exploits, whereas the Vault acts as an escrow the place the funds a solely launched as soon as sure pre-set situations are met.Gwendolyn Regina, funding director at BNB Chain, defined how the group can be liable for safety selections  in an unique dialog with Cointelegraph. She mentioned that the group would carry out a survey of present safety auditing service suppliers to see what kinds of frequent safety vulnerabilities exist. She added:”We assume that when extra skilled safety audit companies be a part of the DAO as members, we’ll collectively get a deeper understanding of the safety panorama, and work on enhancing it.”Some of the AvengerDAO members, together with safety decentralized utility (DApp) Hashdit, have already launched an integration with PancakeSwap that will enable its customers to fetch the safety scores of good contracts with which they’re interacting initially of September.BNB Chain has paid particular consideration to person safety and has launched a number of initiatives over the previous few months. Before the AvengerDAO launch, the BNB Chain launched Dappbay outfitted with a novel function known as Red Alarm. This function assesses undertaking danger ranges in real-time and alerts customers of doubtless dangerous DApps.Related: White hat hackers have returned $32.6M value of tokens to Nomad bridgeWithin a month of its launch, the Red Alarm function of DappBay recognized over 50 on-chain initiatives that posed a major danger to customers. The safety function analyzed 3,300 contracts in July alone.While Red Alarm was simply meant to flag susceptible good contracts and initiatives that possess monetary danger, AvengerDAO goals to turn into a multidimensional safety initiative with a give attention to detecting real-time vulnerabilities and exploits.

BNB Chain, the native blockchain of Binance, has launched AvengerDAO, a brand new community-driven safety initiative to assist shield customers in opposition to scams, malicious actors and attainable exploits.The security-centric decentralized autonomous group (DAO) has been developed in affiliation with main safety companies and well-liked crypto initiatives akin to Certik, TrustWallet, PancakeSwap and Opera, to call a number of. The AvengerDAO safety initiative primarily consists of three main parts, specifically a passive API system known as Meter, a subscription-based alert system known as Watch, and a programmable fund administration system known as Vault.When a person on the BNB Chain interacts with any functions or counterparties, AvengerDAO provides a further layer of safety. The Meter API system fetches safety scores on good contracts, domains, and addresses and alerts customers in case of a safety vulnerability. The Watch system alerts customers in real-time about ongoing exploits, whereas the Vault acts as an escrow the place the funds a solely launched as soon as sure pre-set situations are met.Gwendolyn Regina, funding director at BNB Chain, defined how the group can be liable for safety selections in an unique dialog with Cointelegraph. She mentioned that the group would carry out a survey of present safety auditing service suppliers to see what kinds of frequent safety vulnerabilities exist. She added:”We assume that when extra skilled safety audit companies be a part of the DAO as members, we’ll collectively get a deeper understanding of the safety panorama, and work on enhancing it.”Some of the AvengerDAO members, together with safety decentralized utility (DApp) Hashdit, have already launched an integration with PancakeSwap that will enable its customers to fetch the safety scores of good contracts with which they’re interacting initially of September.BNB Chain has paid particular consideration to person safety and has launched a number of initiatives over the previous few months. Before the AvengerDAO launch, the BNB Chain launched Dappbay outfitted with a novel function known as Red Alarm. This function assesses undertaking danger ranges in real-time and alerts customers of doubtless dangerous DApps.Related: White hat hackers have returned $32.6M value of tokens to Nomad bridgeWithin a month of its launch, the Red Alarm function of DappBay recognized over 50 on-chain initiatives that posed a major danger to customers. The safety function analyzed 3,300 contracts in July alone.While Red Alarm was simply meant to flag susceptible good contracts and initiatives that possess monetary danger, AvengerDAO goals to turn into a multidimensional safety initiative with a give attention to detecting real-time vulnerabilities and exploits.

BNB Chain, the native blockchain of Binance, has launched AvengerDAO, a brand new community-driven safety initiative to assist shield customers in opposition to scams, malicious actors and attainable exploits. The security-centric decentralized autonomous group (DAO) has…

The cryptocurrency bear market has had an affect on how individuals pay with crypto, however Bitcoin (BTC) stays a significant fee instrument regardless of big volatility, in accordance with information from BitPay.The share of Bitcoin funds within the whole BitPay transactions has been shrinking amid the continuing cryptocurrency winter, but it surely’s nonetheless the most well-liked cryptocurrency for funds on the platform.The gross sales volumes of Bitcoin-based funds on BitPay accounted for as a lot as 87% final yr and dropped to 52% within the first quarter of 2022 amid the bear market, BitPay’s vice chairman of selling Merrick Theobald informed Cointelegraph. In distinction to the variety of transactions, Bitcoin gross sales volumes on BitPay are related to the whole worth of crypto funds processed in Bitcoin.Theobald famous that BitPay noticed a gross sales quantity affect primarily amongst non-stablecoin purchases as stablecoin gross sales continued to happen no matter crypto value fluctuations.Theobald pressured that total BitPay transactions remained steady regardless of the market decline, with month-to-month transactions surging from round 58,000 in 2021 to 67,000 transactions in 2022.Crypto gross sales volumes and transactions on BitPay. Source: BitPayIn line with gross sales volumes, the quantity of Bitcoin fee transactions has additionally been considerably falling this yr. According to information from BitPay, the BTC transaction share dropped from 57% in March to 48% in July.On the opposite hand, BitPay customers have been more and more paying in different cryptocurrencies like Litecoin (LTC), as LTC transactions surged from 14% in March to 22% in July.Bitcoin dominance in crypto funds. Source: BitPayDespite an enormous drop in Bitcoin funds amid the bear market, BTC nonetheless stays the cryptocurrency mostly used for transactions on BitPay and makes up greater than 50% of all gross sales on the platform. According to Theobald, that’s one other proof that Bitcoin’s fee utility use case — the one initially described by BTC creator Satoshi Nakamoto — continues to be related. The exec stated:“People still use BTC on BitPay more than other cryptocurrencies because it is the oldest and most well-known crypto, it has the largest market cap, and it has proven over the years to be a great digital payment tool.”Theobald additionally advised that some customers may need most well-liked to pay with Bitcoin amid the bear market as a result of it may be dearer to promote BTC at an alternate and use it later to purchase gadgets on-line. “BitPay provides customers with a more direct and less expensive way to use their Bitcoin to buy everyday items,” he added.Related: Bank of Russia agrees to legalize crypto for cross-border funds: ReportBitPay is among the largest cryptocurrency fee corporations on the planet, permitting people and companies to purchase services and products with crypto or settle for crypto as fee. BitPay gives crypto fee companies to a large variety of corporations within the United States, together with Newegg, Verifone and Shop.com. The BitPay platform has additionally gained reputation for administrative funds and donation campaigns within the United States.The information comes amid JPMorgan reporting on lowering demand for cryptocurrencies as a fee methodology over the previous six months. Takis Georgakopoulos, JPMorgan’s international head of funds, stated that the financial institution has been dealing with considerably fewer crypto funds, reportedly stating that JPMorgan sees “very little” demand for such funds proper now.

The cryptocurrency bear market has had an affect on how individuals pay with crypto, however Bitcoin (BTC) stays a significant fee instrument regardless of big volatility, in accordance with information from BitPay.The share of Bitcoin funds within the whole BitPay transactions has been shrinking amid the continuing cryptocurrency winter, but it surely’s nonetheless the most well-liked cryptocurrency for funds on the platform.The gross sales volumes of Bitcoin-based funds on BitPay accounted for as a lot as 87% final yr and dropped to 52% within the first quarter of 2022 amid the bear market, BitPay’s vice chairman of selling Merrick Theobald informed Cointelegraph. In distinction to the variety of transactions, Bitcoin gross sales volumes on BitPay are related to the whole worth of crypto funds processed in Bitcoin.Theobald famous that BitPay noticed a gross sales quantity affect primarily amongst non-stablecoin purchases as stablecoin gross sales continued to happen no matter crypto value fluctuations.Theobald pressured that total BitPay transactions remained steady regardless of the market decline, with month-to-month transactions surging from round 58,000 in 2021 to 67,000 transactions in 2022.Crypto gross sales volumes and transactions on BitPay. Source: BitPayIn line with gross sales volumes, the quantity of Bitcoin fee transactions has additionally been considerably falling this yr. According to information from BitPay, the BTC transaction share dropped from 57% in March to 48% in July.On the opposite hand, BitPay customers have been more and more paying in different cryptocurrencies like Litecoin (LTC), as LTC transactions surged from 14% in March to 22% in July.Bitcoin dominance in crypto funds. Source: BitPayDespite an enormous drop in Bitcoin funds amid the bear market, BTC nonetheless stays the cryptocurrency mostly used for transactions on BitPay and makes up greater than 50% of all gross sales on the platform. According to Theobald, that’s one other proof that Bitcoin’s fee utility use case — the one initially described by BTC creator Satoshi Nakamoto — continues to be related. The exec stated:“People still use BTC on BitPay more than other cryptocurrencies because it is the oldest and most well-known crypto, it has the largest market cap, and it has proven over the years to be a great digital payment tool.”Theobald additionally advised that some customers may need most well-liked to pay with Bitcoin amid the bear market as a result of it may be dearer to promote BTC at an alternate and use it later to purchase gadgets on-line. “BitPay provides customers with a more direct and less expensive way to use their Bitcoin to buy everyday items,” he added.Related: Bank of Russia agrees to legalize crypto for cross-border funds: ReportBitPay is among the largest cryptocurrency fee corporations on the planet, permitting people and companies to purchase services and products with crypto or settle for crypto as fee. BitPay gives crypto fee companies to a large variety of corporations within the United States, together with Newegg, Verifone and Shop.com. The BitPay platform has additionally gained reputation for administrative funds and donation campaigns within the United States.The information comes amid JPMorgan reporting on lowering demand for cryptocurrencies as a fee methodology over the previous six months. Takis Georgakopoulos, JPMorgan’s international head of funds, stated that the financial institution has been dealing with considerably fewer crypto funds, reportedly stating that JPMorgan sees “very little” demand for such funds proper now.

The cryptocurrency bear market has had an affect on how individuals pay with crypto, however Bitcoin (BTC) stays a significant fee instrument regardless of big volatility, in accordance with information from BitPay. The share of…

While Ethereum-based layer-2 options have been centered on hyperscaling the community, Ethereum co-founder Vitalik Buterin believes layer 3s will serve a far totally different objective — offering “customized functionality.” Buterin shared his ideas in a Sept. 17 publish, offering three “visions” of what layer 3s will probably be used for sooner or later. The Ethereum co-founder mentioned a 3rd layer on the blockchain is sensible provided that it supplies a unique perform to layer 2s, which have been used primarily to boost scaling through Zero-Knowledge (ZK) Rollup know-how. “A three-layer scaling architecture that consists of stacking the same scaling scheme on top of itself generally does not work well. Rollups on top of rollups, where the two layers of rollups use the same technology, certainly do not.”But “a three-layer architecture where the second layer and third layer have different purposes, however, can work,” mentioned Buterin. One of layer 3’s use instances could be what Buterin describes as “customized functionality” — referencing privacy-based purposes which might make the most of ZK proofs to submit privacy-preserving transactions to layer 2.Another use case could be “customized scaling” for specialised purposes that don’t need to use the Ethereum Virtual Machine (EVM) to do computation.Buterin additionally mentioned that layer 3 could possibly be used for “weakly-trusted” scaling by way of Validiums, a ZK-proof know-how. Buterin mentioned this can be helpful for “enterprise blockchain” purposes through the use of “a centralized server that runs a validium prover and regularly commits hashes to chain.”But Buterin added that it’s nonetheless unclear whether or not layer-3 buildings will probably be extra environment friendly than the present layer-2 mannequin relating to constructing custom-made purposes on Ethereum.Layer-2 Vs Layer-3 Network Architecture. Source: StarkWare.Related: A newbie’s information to understanding the layers of blockchain know-how“One possible argument for the three-layer model over the two-layer model is: a three-layer model allows an entire sub-ecosystem to exist within a single rollup, which allows cross-domain operations within that ecosystem to happen very cheaply, without needing to go through the expensive layer 1,” Buterin mentioned.But Buterin mentioned that as a result of cross-chain transactions could be executed simply and cheaply between two layer-2s which have dedicated to the identical chain, constructing layer 3s might not essentially enhance the effectivity of the community.Buterin’s feedback on potential layer 3 use instances come as StarkWare’s newly produced recursive validity proofs seem to have presumably put an finish to Ethereum’s scalability considerations.Declan Fox, the Product Manager at Ethereum software program agency ConsenSys not too long ago instructed Cointelegraph that “with recursive rollups and proofs, we theoretically can infinitely scale.”These recursive proofs have been nicely examined in manufacturing, with StarkWare co-founder Eli-Ben Sasson not too long ago telling Cointelegraph that its recursive proofs have rolled up as many as 600,000 NFT mints in a single transaction on Immutable X, and that 60 million transactions may quickly be on the playing cards “with more engineering and tweaking.”

While Ethereum-based layer-2 options have been centered on hyperscaling the community, Ethereum co-founder Vitalik Buterin believes layer 3s will serve a far totally different objective — offering “customized functionality.” Buterin shared his ideas in a Sept. 17 publish, offering three “visions” of what layer 3s will probably be used for sooner or later. The Ethereum co-founder mentioned a 3rd layer on the blockchain is sensible provided that it supplies a unique perform to layer 2s, which have been used primarily to boost scaling through Zero-Knowledge (ZK) Rollup know-how. “A three-layer scaling architecture that consists of stacking the same scaling scheme on top of itself generally does not work well. Rollups on top of rollups, where the two layers of rollups use the same technology, certainly do not.”But “a three-layer architecture where the second layer and third layer have different purposes, however, can work,” mentioned Buterin. One of layer 3’s use instances could be what Buterin describes as “customized functionality” — referencing privacy-based purposes which might make the most of ZK proofs to submit privacy-preserving transactions to layer 2.Another use case could be “customized scaling” for specialised purposes that don’t need to use the Ethereum Virtual Machine (EVM) to do computation.Buterin additionally mentioned that layer 3 could possibly be used for “weakly-trusted” scaling by way of Validiums, a ZK-proof know-how. Buterin mentioned this can be helpful for “enterprise blockchain” purposes through the use of “a centralized server that runs a validium prover and regularly commits hashes to chain.”But Buterin added that it’s nonetheless unclear whether or not layer-3 buildings will probably be extra environment friendly than the present layer-2 mannequin relating to constructing custom-made purposes on Ethereum.Layer-2 Vs Layer-3 Network Architecture. Source: StarkWare.Related: A newbie’s information to understanding the layers of blockchain know-how“One possible argument for the three-layer model over the two-layer model is: a three-layer model allows an entire sub-ecosystem to exist within a single rollup, which allows cross-domain operations within that ecosystem to happen very cheaply, without needing to go through the expensive layer 1,” Buterin mentioned.But Buterin mentioned that as a result of cross-chain transactions could be executed simply and cheaply between two layer-2s which have dedicated to the identical chain, constructing layer 3s might not essentially enhance the effectivity of the community.Buterin’s feedback on potential layer 3 use instances come as StarkWare’s newly produced recursive validity proofs seem to have presumably put an finish to Ethereum’s scalability considerations.Declan Fox, the Product Manager at Ethereum software program agency ConsenSys not too long ago instructed Cointelegraph that “with recursive rollups and proofs, we theoretically can infinitely scale.”These recursive proofs have been nicely examined in manufacturing, with StarkWare co-founder Eli-Ben Sasson not too long ago telling Cointelegraph that its recursive proofs have rolled up as many as 600,000 NFT mints in a single transaction on Immutable X, and that 60 million transactions may quickly be on the playing cards “with more engineering and tweaking.”

While Ethereum-based layer-2 options have been centered on hyperscaling the community, Ethereum co-founder Vitalik Buterin believes layer 3s will serve a far totally different objective — offering “customized functionality.”  Buterin shared his ideas in a…

The United States Department of the Treasury can be calling for feedback from the general public on digital property, together with their views on how laws could tackle illicit makes use of of crypto.In a doc set to be revealed within the Federal Register on Tuesday, the U.S. Treasury requested public touch upon “digital-asset-related illicit finance and national security risks as well as the publicly released action plan to mitigate the risks” associated to President Joe Biden’s government order on crypto from March. The division invited the general public to share their ideas on what regulatory obligations the U.S. authorities had imposed that had been “no longer fit for purpose as it relates to digital assets” in addition to supply options for different laws addressing illicit finance dangers and vulnerabilities.“Illicit activities highlight the need for ongoing scrutiny of the use of digital assets, the extent to which technological innovation may impact such activities, and exploration of opportunities to mitigate these risks through regulation, supervision, public-private engagement, oversight, and law enforcement,” mentioned the Treasury.Specifically, the U.S. Treasury requested for potential further steps it’d soak up regards to addressing ransomware assaults, illicit finance dangers of cryptocurrency mixers and DeFi, and the way the federal government might coordinate anti-money laundering and combating the financing of terrorism coverage at each the state and federal degree. The public has till Nov. 3 to submit feedback.The request for public remark adopted the White House releasing a regulatory framework on digital property on Sept. 16. Many within the area, together with crypto advocacy teams, criticized the administration for seemingly specializing in the illicit makes use of of crypto somewhat than its potential advantages. As a part of the framework’s necessities, the Treasury Department will create an “illicit finance risk assessment on decentralized finance” by February 2023.The appropriate laws will drive technological innovation and protect crypto’s elementary worth propositions of freedom and empowerment whereas guaranteeing the best guardrails are in place for shopper safety and selection. (2/9)— CZ  Binance (@cz_binance) September 16, 2022

Related: Illicit crypto utilization as a p.c of complete utilization has fallen: ReportBiden’s government order additionally had the Treasury Department and Federal Reserve exploring coverage goals and for a U.S. central financial institution digital forex. On Sept. 17, the Office of Science and Technology Policy launched a report on 18 completely different design decisions for probably implementing a digital greenback within the United States.

The United States Department of the Treasury can be calling for feedback from the general public on digital property, together with their views on how laws could tackle illicit makes use of of crypto.In a doc set to be revealed within the Federal Register on Tuesday, the U.S. Treasury requested public touch upon “digital-asset-related illicit finance and national security risks as well as the publicly released action plan to mitigate the risks” associated to President Joe Biden’s government order on crypto from March. The division invited the general public to share their ideas on what regulatory obligations the U.S. authorities had imposed that had been “no longer fit for purpose as it relates to digital assets” in addition to supply options for different laws addressing illicit finance dangers and vulnerabilities.“Illicit activities highlight the need for ongoing scrutiny of the use of digital assets, the extent to which technological innovation may impact such activities, and exploration of opportunities to mitigate these risks through regulation, supervision, public-private engagement, oversight, and law enforcement,” mentioned the Treasury.Specifically, the U.S. Treasury requested for potential further steps it’d soak up regards to addressing ransomware assaults, illicit finance dangers of cryptocurrency mixers and DeFi, and the way the federal government might coordinate anti-money laundering and combating the financing of terrorism coverage at each the state and federal degree. The public has till Nov. 3 to submit feedback.The request for public remark adopted the White House releasing a regulatory framework on digital property on Sept. 16. Many within the area, together with crypto advocacy teams, criticized the administration for seemingly specializing in the illicit makes use of of crypto somewhat than its potential advantages. As a part of the framework’s necessities, the Treasury Department will create an “illicit finance risk assessment on decentralized finance” by February 2023.The appropriate laws will drive technological innovation and protect crypto’s elementary worth propositions of freedom and empowerment whereas guaranteeing the best guardrails are in place for shopper safety and selection. (2/9)— CZ Binance (@cz_binance) September 16, 2022 Related: Illicit crypto utilization as a p.c of complete utilization has fallen: ReportBiden’s government order additionally had the Treasury Department and Federal Reserve exploring coverage goals and for a U.S. central financial institution digital forex. On Sept. 17, the Office of Science and Technology Policy launched a report on 18 completely different design decisions for probably implementing a digital greenback within the United States.

The United States Department of the Treasury can be calling for feedback from the general public on digital property, together with their views on how laws could tackle illicit makes use of of crypto. In…

A Russian Finance Ministry official has offered new particulars a few invoice on digital currencies that’s presently being drafted.The invoice supplies native infrastructure for settlements and regulation on mining, however will depart many particulars for companies to work out on their very own, the Finance Ministry’s Financial Policy Department head Ivan Chebeskov mentioned Monday at a roundtable hosted by the International Chamber of Commerce Russia in Moscow. Interfax quoted Chebeskov as saying:“It is not completely clear how it should be regulated, so we give businesses the opportunity with this bill to pay with cryptocurrency, but in terms of what cryptocurrencies will be used, how to negotiate with counterparties, with which countries it will operate — all this we are leaving to entrepreneurs.” On Sept. 13, Russian Prime Minister Mikhail Mishustin ordered the Finance Ministry, the Central Bank of Russia, the Federal Tax Service, the Federal Financial Monitoring Service, or Rosfinmonitoring, and the Russian Federal Security Service (FSB) to come to a consensus by Dec. 19 on legislation regulating the issuance, circulation, mining and the use of cryptocurrency in international settlements. The prime minister’s instruction did not extend to the domestic use of crypto. Chebeskov said the Finance Ministry and the Central Bank were beginning new discussions on cryptocurrency regulation in response to that order and several texts of the bill currently exist. Mining was being discussed separately and the agencies’ “vision” of mining is “more similar” than these of settlements. Related: The Moscow Exchange is an efficient base for crypto buying and selling, Russian lawmaker saysThe Finance Ministry and the Central Bank have lengthy disagreed concerning the correct place of cryptocurrency within the Russian economic system, with the Central Bank at first strongly opposing the usage of cryptocurrency for funds. The financial institution’s place slowly eroded, nonetheless, as sanctions imposed in February after Russia’s invasion of Ukraine started to take their toll. An announcement made on Sept. 5 indicated that after prolonged deliberation, the Central Bank could also be ready to conform to the usage of crypto in worldwide commerce. Mishustin spoke favorably of utilizing cryptocurrency in worldwide commerce after Iran permitted the usage of crypto for import funds.

A Russian Finance Ministry official has offered new particulars a few invoice on digital currencies that’s presently being drafted.The invoice supplies native infrastructure for settlements and regulation on mining, however will depart many particulars for companies to work out on their very own, the Finance Ministry’s Financial Policy Department head Ivan Chebeskov mentioned Monday at a roundtable hosted by the International Chamber of Commerce Russia in Moscow. Interfax quoted Chebeskov as saying:“It is not completely clear how it should be regulated, so we give businesses the opportunity with this bill to pay with cryptocurrency, but in terms of what cryptocurrencies will be used, how to negotiate with counterparties, with which countries it will operate — all this we are leaving to entrepreneurs.” On Sept. 13, Russian Prime Minister Mikhail Mishustin ordered the Finance Ministry, the Central Bank of Russia, the Federal Tax Service, the Federal Financial Monitoring Service, or Rosfinmonitoring, and the Russian Federal Security Service (FSB) to come to a consensus by Dec. 19 on legislation regulating the issuance, circulation, mining and the use of cryptocurrency in international settlements. The prime minister’s instruction did not extend to the domestic use of crypto. Chebeskov said the Finance Ministry and the Central Bank were beginning new discussions on cryptocurrency regulation in response to that order and several texts of the bill currently exist. Mining was being discussed separately and the agencies’ “vision” of mining is “more similar” than these of settlements. Related: The Moscow Exchange is an efficient base for crypto buying and selling, Russian lawmaker saysThe Finance Ministry and the Central Bank have lengthy disagreed concerning the correct place of cryptocurrency within the Russian economic system, with the Central Bank at first strongly opposing the usage of cryptocurrency for funds. The financial institution’s place slowly eroded, nonetheless, as sanctions imposed in February after Russia’s invasion of Ukraine started to take their toll. An announcement made on Sept. 5 indicated that after prolonged deliberation, the Central Bank could also be ready to conform to the usage of crypto in worldwide commerce. Mishustin spoke favorably of utilizing cryptocurrency in worldwide commerce after Iran permitted the usage of crypto for import funds.

A Russian Finance Ministry official has offered new particulars a few invoice on digital currencies that’s presently being drafted. The invoice supplies native infrastructure for settlements and regulation on mining, however will depart many particulars…

On Monday, decentralized autonomous group Panda DAO put forth a brand new proposal to dissolve itself and return belongings again to buyers. According to the seven-point referendum, between 500 million and 700 million PANDA tokens out of the 1.292 billion PANDA in circulation can be distributed amongst buyers. Of these remaining, some can be redistributed amongst liquidity suppliers. Meanwhile, an estimated 50 million PANDA will probably be burned, and one other 44.56 million PANDA will go towards compensation for eight of the mission’s core builders.Should the referendum move and the dissolution course of full, the Panda dev workforce plans to take away PANDA from Uniswap, publish the entire mission’s open supply code and shut down all social media underneath the Panda DAO umbrella. As for causes for the dissolution, the Panda DAO workforce wrote:”Panda DAO has been on-line for almost one 12 months. We’ve managed to sidestep quite a few market downfalls throughout that point. Yet, the actual disaster we confronted was coping with administration points inside our DAO.”One core member, going by the pseudonym “Panda,” lamented that the workforce confronted an extended, uphill battle in its mission improvement. “Our neighborhood wished increasingly reassurances that Panda was not off course,” he stated, “however builders do not work free of charge, and [I think] nobody understands easy methods to endure an extended, painful bear market.”As informed by “Panda,” the inner turmoil inside the DAO enormously hampered the effectivity of operations. After elevating 1,900 Ether (ETH) at a worth of 1 ETH = 500,000 PANDA final 12 months, the neighborhood was conflicted about easy methods to greatest use the funds going ahead.”At that point, the [nonfungible token] NFT market was on hearth. As a end result, a lot of our customers wished us to create Panda NFTs. But having been via the crypto bear market of 2017–2018, we knew that the market was displaying indicators of FOMO [Fear of Missing Out], and it was solely a matter of time earlier than a crash was coming. Thus, we made the troublesome choice to reject the neighborhood’s calls for for Panda NFTs.””Panda” defined that whereas nonfungible token, or NFT, drops would generate income for the neighborhood, it could achieve this on the expense of the protocol’s credibility. “In the long term, the dangers related to the latter would outweigh that of the previous,” he stated.Since then, it seems that there had all the time been a rift between Panda builders and customers. “We had loads of concepts however little capital; our customers wished us to develop Panda Apps and even type a enterprise capital division, however we needed to say no to those concepts.”A buyback proposal was additionally discontinued for related causes. “At the start, we purchased again 2 million PANDA tokens,” wrote the core workforce member. “But many voices in the neighborhood wished me to proceed the buyback, despite the fact that it was not in my energy to take action. I’m simply one in every of many stakeholders tasked with managing our treasury.”As time went on, uniting discontented voices grew to become unimaginable. “One faction wished builders to give attention to short-term income that had been low-risk, corresponding to token buybacks. Another faction wished long-term good points, refuse all buybacks, and stash the cash contained in the treasury.””Panda” wrote that it took him many “sleepless nights” to succeed in the choice. Nevertheless, the developer stated that he had no regrets about placing forth the referendum. “We fell shy of many accomplishments, however a minimum of we tried and did not throw our neighborhood underneath the bus.” During its one year-tenure, Panda DAO’s protocol went reside and have become the largest DAO on the Dework blockchain. In addition, “Panda” says that he hopes the dissolution proves that “code is legislation” within the blockchain house.”The mission succeeded, nonetheless briefly, due to sensible contracts defending neighborhood agreements. We had one for ERC-721, we’ve one now for the return of PANDA funds, and so forth. Without sensible contracts, we might have by no means been capable of sidestep a lot market turmoil whereas guaranteeing the surety of our customers’ funds.”太多时间在治理问题,太少时间在开发工作,我们曾在ConstitutionDAO的路上继续前行,也希望有人能在我们的路上继续探索。社区寻求更多的保底,但是开发者们不会免费干活。没人能理解当初那漫长的熊市如何度过。既然如此,让它彻底走向代码自治,和People一样全部退款。 pic.twitter.com/9HooAyHB0k— Panda (  ) (@hellopandadao) September 18, 2022

On Monday, decentralized autonomous group Panda DAO put forth a brand new proposal to dissolve itself and return belongings again to buyers. According to the seven-point referendum, between 500 million and 700 million PANDA tokens out of the 1.292 billion PANDA in circulation can be distributed amongst buyers. Of these remaining, some can be redistributed amongst liquidity suppliers. Meanwhile, an estimated 50 million PANDA will probably be burned, and one other 44.56 million PANDA will go towards compensation for eight of the mission’s core builders.Should the referendum move and the dissolution course of full, the Panda dev workforce plans to take away PANDA from Uniswap, publish the entire mission’s open supply code and shut down all social media underneath the Panda DAO umbrella. As for causes for the dissolution, the Panda DAO workforce wrote:”Panda DAO has been on-line for almost one 12 months. We’ve managed to sidestep quite a few market downfalls throughout that point. Yet, the actual disaster we confronted was coping with administration points inside our DAO.”One core member, going by the pseudonym “Panda,” lamented that the workforce confronted an extended, uphill battle in its mission improvement. “Our neighborhood wished increasingly reassurances that Panda was not off course,” he stated, “however builders do not work free of charge, and [I think] nobody understands easy methods to endure an extended, painful bear market.”As informed by “Panda,” the inner turmoil inside the DAO enormously hampered the effectivity of operations. After elevating 1,900 Ether (ETH) at a worth of 1 ETH = 500,000 PANDA final 12 months, the neighborhood was conflicted about easy methods to greatest use the funds going ahead.”At that point, the [nonfungible token] NFT market was on hearth. As a end result, a lot of our customers wished us to create Panda NFTs. But having been via the crypto bear market of 2017–2018, we knew that the market was displaying indicators of FOMO [Fear of Missing Out], and it was solely a matter of time earlier than a crash was coming. Thus, we made the troublesome choice to reject the neighborhood’s calls for for Panda NFTs.””Panda” defined that whereas nonfungible token, or NFT, drops would generate income for the neighborhood, it could achieve this on the expense of the protocol’s credibility. “In the long term, the dangers related to the latter would outweigh that of the previous,” he stated.Since then, it seems that there had all the time been a rift between Panda builders and customers. “We had loads of concepts however little capital; our customers wished us to develop Panda Apps and even type a enterprise capital division, however we needed to say no to those concepts.”A buyback proposal was additionally discontinued for related causes. “At the start, we purchased again 2 million PANDA tokens,” wrote the core workforce member. “But many voices in the neighborhood wished me to proceed the buyback, despite the fact that it was not in my energy to take action. I’m simply one in every of many stakeholders tasked with managing our treasury.”As time went on, uniting discontented voices grew to become unimaginable. “One faction wished builders to give attention to short-term income that had been low-risk, corresponding to token buybacks. Another faction wished long-term good points, refuse all buybacks, and stash the cash contained in the treasury.””Panda” wrote that it took him many “sleepless nights” to succeed in the choice. Nevertheless, the developer stated that he had no regrets about placing forth the referendum. “We fell shy of many accomplishments, however a minimum of we tried and did not throw our neighborhood underneath the bus.” During its one year-tenure, Panda DAO’s protocol went reside and have become the largest DAO on the Dework blockchain. In addition, “Panda” says that he hopes the dissolution proves that “code is legislation” within the blockchain house.”The mission succeeded, nonetheless briefly, due to sensible contracts defending neighborhood agreements. We had one for ERC-721, we’ve one now for the return of PANDA funds, and so forth. Without sensible contracts, we might have by no means been capable of sidestep a lot market turmoil whereas guaranteeing the surety of our customers’ funds.”太多时间在治理问题,太少时间在开发工作,我们曾在ConstitutionDAO的路上继续前行,也希望有人能在我们的路上继续探索。社区寻求更多的保底,但是开发者们不会免费干活。没人能理解当初那漫长的熊市如何度过。既然如此,让它彻底走向代码自治,和People一样全部退款。 pic.twitter.com/9HooAyHB0k— Panda ( ) (@hellopandadao) September 18, 2022

On Monday, decentralized autonomous group Panda DAO put forth a brand new proposal to dissolve itself and return belongings again to buyers. According to the seven-point referendum, between 500 million and 700 million PANDA tokens…