🏹 Robinhood CEO Wants Increase Dogecoin Block Size

View in browser April 15, 2022 Here's your daily dose of Cryptonews. Robinhood CEO has come up with new old ideas for scaling blockchains, Twitter's board is reportedly preparing a 'poison pill' for Elon Musk, and Brazilians may get a key crypto bill passed next week.  Markets - Change 24hr Source: CoinMarketCap.com Robinhood CEO Steps on the Same Old Idea to Increase Dogecoin Block Size Vlad Tenev, co-founder and CEO of the popular trading app Robinhood said that he's been "thinking about what would [it] take" for DOGE to "truly be the future currency of the Internet and the people" in a Twitter thread. He went on to claim that the first condition – "vanishingly small" fees – has already been fulfilled. And then he came to the block part of his discussion. Block time of one minute, he argues, is "a bit on the longer side" for payments, with ten seconds or less being more appropriate. "Fortunately, this is easy to solve simply by increasing the block size limit. […] Dogecoin core devs, I would focus on one thing: coming up with a good process for increasing the block size limit over time." Many were quick to comment that "We had this debate and big blocks lost." For example, user 'MarinoBTC' opined: "Keep the base layer prestine building on top and never sacrificing layer 1." Read more... Crypto Community Welcomes Musk's Twitter Bid as Obstacles Emerge Twitter's board does not welcome Tesla chief Elon Musk's bid to buy all the shares of the company and is reportedly preparing a 'poison pill' defense strategy that would prevent a hostile takeover. One option considered by the board to stop Elon Musk from buying Twitter is a so-called shareholder rights plan that would allow existing shareholders to purchase more shares at a discount. The result would be a dilution of the stake held by the party seen as 'hostile'. Another option considered is reportedly to call the offer too low, anonymous source told Bloomberg. According to these sources, Twitter's board could announce its 'poison pill' already later on Friday.  Read more... Brazilian Parliament Heading for Key Vote on Crypto Regulation Bill An ambitious private member's bill that seeks to regulate the Brazilian crypto market could be approved by the National Congress before the end of the first half of this year – with MPs set for a key vote on Tuesday next week. The original bill was authored by Senator Flávio Arns of the Podemos Party and has already passed the Senate. It has also been merged with a second crypto bill that has previously been approved by the Senate Economic Affairs Committee. The second bill was authored by Senator Irajá Abreu. Globo reported that Congress hopes the merged bill will be passed by June, and Abreu was quoted as stating: "By uniting the [bills], we have accelerated the approval of this cryptocurrency milestone. There is a market demand for a more secure business environment and the need for criminal classifications that will seek to prevent fraud. [This] will also bring Brazil up to speed with international agreements [on crypto regulation]." Read more... Promotion Get a 7% Bonus on Your First Deposit at PrimeXBT Enter the code CRYPTONEWS7000 in the promo section after sign-up and make your first deposit! Claim Deal Daily Briefs Web browser Opera announced that its Crypto Browser for iOS is out and available for download from its website. It comes with a built-in non-custodial crypto wallet and gives users access to Web 3-based non-fungible tokens (NFTs) and decentralized apps. The United States Treasury Department has sanctioned an ethereum (ETH) address that it says received coins stolen in the Ronin Bridge hack – and the FBI has claimed that the North Korean Lazarus group of hackers was behind the security breach. Exodus Movement announced that customers now have the ability to buy crypto using their bank accounts within the Exodus mobile application. The Emirates airline will launch NFTs and metaverse experiences for its customers and employees, with the launch of the first projects anticipated in the coming months. Portugal-based financial institution Bison Bank received a license from the Banco de Portugal, the country's central bank, to operate as a virtual asset service provider (VASP). Worldcoin announced that they are open-sourcing their stack in the coming weeks. Terra (LUNA) developer Terraform Labs gifted the Luna Foundation Guard (LFG) LUNA 10m (USD 81m). The LFG is tasked with collateralizing the network's algorithmic stablecoin terra USD (UST). MicroStrategy CEO Michael Saylor called his multibillion-dollar bitcoin (BTC) trove "a tremendous success" in driving shareholder value. He added that this strategy was complementary to the company's decades-old analytics business and that they would "continue to vigorously pursue both strategies." Bitcoin proponent Jeff Booth has launched Ego Death Capital, an investment fund aimed at providing funding to entrepreneurs who are working to grow the bitcoin ecosystem. Nico Lechuga and Andrea Pitt have joined as co-founding partners, while bitcoin advocates Lyn Alden and Preston Pysh will join as advisors. Digital asset gateway Fasset raised USD 22m in a Series A funding round co-led by Liberty City Ventures and Fatima Gobi Venture. 1inch announced it has deployed its Aggregation Protocol and the Limit Order Protocol on the Fantom (FTM) blockchain. Robert Taylor was indicted for operating an illegal Bitcoin ATM business in at least 46 locations in New York City, USA aimed at individuals engaged in criminal activity, said Manhattan District Attorney's Office. Nessa Risley of North Carolina, USA, a user of the Uniswap (UNI) swapping service, alleges in a class-action lawsuit that a lack of know-your-customer procedures on the platform allowed scammers to execute pump and dump schemes, resulting in her losing funds. She also states that the protocol's failure to register as a broker-dealer with the US Securities and Exchange Commission and comply with securities laws has put investors at risk. Binance announced that its Director of Sanctions Compliance Chagri Poyraz has been promoted to Global Head of Sanctions since joining in early January. READ MORE Read All Cryptonews Promotion Check Out The New Ledger Nano S Plus Bigger screen. More memory. The world's most popular wallet just got better. Claim Deal New To The Crunch? Click To Subscribe! Share on Facebook Share on Twitter Forward email Cryptonews.com support@cryptonews.com You received this email because you signed up on Cryptonews.com. Unsubscribe