A change to R&D tax rules means that a tech company could lose more than $1 million — but still be on the hook for hundreds of thousands in taxes. The new R&D law has overly broad language that states “any and all” software development must be amortized over five years if the development took…
407 ViewsBitcoin has hit $30,000 for the first time since last June and has set a new price high for 2023. Bitcoin has hit price highs not seen since mid-2022 with the largest crypto by market cap touching $30,000 and setting a new high for 2023. According to CoinGecko data, Bitcoin has slightly surpassed $30,000 and is at…
548 ViewsThe amount of ETH being staked monthly has recently dipped according to the on-chain analytics platform Glassnode. Ethereum staking deposits have declined slightly in recent weeks due to increased regulatory pressure and the Shapella upgrade slated for April 12. On April 9, on-chain analytics provider Glassnode reported on the current state of the Ethereum staking…
591 ViewsOnly users who have traded on the decentralized exchange in the last four days are apparently affected. A bug on a smart contract on the decentralized finance (DeFi) protocol SushiSwap led to over $3 million in losses in the early hours of April 9, according to several security reports on Twitter. Blockchain security companies CertiK…
490 ViewsA new proposal asks the Arbitrum Foundation to return 700 million ARB tokens after community backlash. Voting ends on April 14. The Arbitrum community has initiated a new proposal requesting the Arbitrum Foundation to return 700 million ARB tokens to its DAO Treasury. The move comes after the Arbitrum Foundation transferred the funds without receiving the community’s…
470 ViewsSushi’s head chef Jared Grey and his counsel described the investigation as a “non-public, fact-finding inquiry” that doesn’t suggest the SEC has “any negative opinion of any person, entity or asset” related to the DAO. Head chef of Japan-based decentralized autonomous organization (DAO), Sushi, Jared Grey and his counsel stated that as far as they…
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