Curve founder Michael Egorov is developing a new project, Yield Basis, and raising $5 million at a $50 million valuation. According to the financing information on January 11, 2025, the project sold 10% of its total supply of "YB" tokens to investors - that is, 100 million of the 1 billion tokens. The investor's vesting plan includes a 6-month lock-up period, followed by a 2-year linear unlock. 30% of the total supply will be used for community incentives, through streaming...
The burgeoning Brazilian stablecoin market has attracted the attention of the central bank, which is understood to be exploring various options for taxing stablecoin remittances, including special licenses for cryptocurrency exchanges that provide such services.
According to ETH Daily, Celestia is developing its roadmap to scale up to 1GB blocks, with the aim of significantly increasing data throughput and reducing transaction fees for rollup. As a modular data availability blockchain, Celestia allows rollup to use any virtual machine as its execution layer. Celestia's first upgrade, called Lemongrass, is currently under development. The roadmap to 1GB blocks will involve multiple technology upgrades, including content-addressed memory pools, node shard...
A Nigerian information technology agency is considering plans to develop a domestic blockchain to bolster national security and protect citizens' data. One proponent of local blockchain development believes such an agreement could ensure Nigeria's laws are followed and give the country greater control over its data.