Investing


Tech

DeFi Platform Synthetix's Founder Proposes Capping Token Supply at 300M; Here’s Why

The inflationary model helped bootstrap the Synthetix ecosystem and was no longer needed, founder Kain Warwick explained.

The founder of popular decentralized finance (DeFi) platform Synthetix has proposed capping the supply of the native SNX tokens to 300 million. (Vicky Sim/Unsplash)

Policy

Japan Looks at Corporate Crypto Tax Breaks to Entice Startups: Report

Two crypto lobby groups recently asked the government to reform crypto tax laws in the country, where investors can pay up to 55% on capital gains.

Japan is reportedly considering a tax reduction to entice crypto startups to stay in the country. (DigiPub/Getty Images)

Finance

Thai Energy Billionaire Turns to Crypto to Boost Growth: Report

While crypto market cap has tumbled from November's high, the market is “still sound” and has “high potential” for growth, Gulf Energy CEO Sarath Ratanavadi said.

Thailand’s second-richest person plans to double down on crypto-related investments in the coming months. (Mathew Schwartz/Unsplash)

Finance

Animoca Brands' Japan Unit Raises $45M for NFT Licensing, Investment

Animoca Brands Japan raised the funds from its parent firm and MUFG Bank.

The Animoca Brands team in Hong Kong (Animoca)

Markets

NFT- and Metaverse-Related Cryptocurrencies Underperform as Floor Prices Sink

FLOW, APE and AXS are among tokens tracking double-digit losses over the past week.

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Markets

Ether Leads Crypto Recovery on Merge Confirmation, but Traders Remain Cautious

Buying ether ahead of the Merge is likely an overextended play, one trader said.

Crypto trading platform Talos announced three new hires to senior roles. (Nicholas Cappello/Unsplash)

Markets

Also-Ran EOS Token Now Hottest Cryptocurrency After Switch to Antelope

The token’s 28% price surge over the past seven days follows an announcement that Antelope will be used as the supporting protocol for EOSIO-based blockchains.

(Getty Images)

Markets

Ethereum Merge Drama Continues as Traders Pile Out, Then Back In

Ethereum regained investor support on Monday after slumping in recent days.

(Jungwoo Hong/Unsplash)

Markets

Crypto Funds See Minor Outflows Amid Trading Volume Dip: CoinShares

Digital-asset investment products saw outflows totaling $9 million as trading volume fell to the second lowest this year.

Crypto funds saw a second week of outflows as investor movement stagnates. (CoinShares)