Toncoin says golden visa to UAE possible with investment. Ethereum creator Vitalik Buterin proposes cap on gas fees. Secret Service cracks down on crypto scams, and, Drake mentions bitcoin in his latest song. Jane King with the latest Coin Street headlines from the NYSE.
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Thanks, Jeremy.
Here's a look at your Coin Street headlines.
The Open network, the blockchain platform spun out of Telegram, has unveiled a new pathway to UAE residency, offering 10 year golden visas to applicants who stake $100,000 worth of Tun coin for 3 years and then pay a one-time $35,000 processing fee.
Applicants retain control of their assets during the staking period through a decentralized smart contract verification on the ton blockchain.
The program promises estimated annual yields of 3 to 4% on state assets.
However, Emirates news agency said the federal authority for Identity, Citizenship, Customs, and Port Security and the Security Commodities Authority and the Virtual Assets Regulatory Authority have issued a joint statement that golden visas are not issued to digital asset holders.
Well, Ethereum co-founder Vitali Bren and researcher Tony Warstoter have put forward a protocol level cap on transactions.
Gas usage to increase network security and performance under the current Ethereum architecture, a single transaction can theoretically consume the entire block's gas limit, posing a risk of denial service attack and leading to unpredictable network behavior.
While the US Secret Service expanded a global push against crypto scams.
The scammers target victims with fake cryptocurrency investment sites, showing initial profits to encourage further investments, then disappearing with the money.
GIOC provides training to law enforcement officials in over 60 countries to help them combat digital crimes and works with industry partners to claw back stolen funds and bring criminals to justice.
Well, musical artist Drake mentioned Bitcoin in his latest song What Did I Miss.
The song was released over the weekend and is already drawing attention from Bitcoiners on social media.
Drake previously bet $1 million in BTC on the outcome of the 2022 Super Bowl, and that is the latest Coin Street headlines.