By Kapil Rajyaguru
Ethereum ‘Verge’ Upgrade To Enable Nodes On Phones And Smartwatches.
Ethereum co-founder Vitalik Buterin stated that “The Verge,” the network’s upcoming upgrade, aims to enhance Ethereum’s security and accessibility by enabling its nodes to operate on devices as small as a “phone or smartwatch.”
The Verge aims to reduce hardware requirements using “stateless verification,” which will allow nodes to verify blockchain blocks without storing large amounts of data.
By enabling node operation on smaller devices with these proposed changes, Buterin aims to make solo staking more viable and accessible.
Denmark Proposes Tax on Unrealized Crypto Gains by 2026.
Denmark is considering new tax rules that could impact crypto investors as early as 2026. The Danish Tax Law Council has suggested taxing unrealized gains and losses on crypto assets, meaning investors may owe taxes on the value of their assets, even if they haven’t sold them.
In a 93-page report, the Council outlined three potential models for taxing crypto: capital gains tax, warehouse taxation, and inventory taxation. The “inventory taxation” model, which seems favored, would treat an investor’s entire crypto portfolio as one “inventory,” taxing it yearly, regardless of sales.
El Salvador President Bukele Donates Bitcoin for Schools in Honduras.
President Nayib Bukele of El Salvador has donated two Bitcoins, valued at approximately $133,000, to support a project to construct 1,000 schools in Honduras.
Shin Fujiyama, a well-known philanthropist and the founder of Students Helping Honduras, an organization that addresses poverty through education, received the donation.
Fujiyama is currently on a 3,000-kilometer charity run to raise money for the school-building project. Inspired by President Bukele’s leadership and commitment to Bitcoin, Fujiyama expressed his gratitude in a video where he emotionally thanked the president for the donation.
Radiant Capital Hacker Moves $52 mn In Stolen Funds.
The hacker behind the recent theft from decentralized finance (DeFi) protocol Radiant Capital has moved almost all of the stolen funds from layer-2 protocols to Ethereum in a possible move toward obscuring its location.
The total amount moved was about 20,500 Ether, worth around $52 million, PeckShield noted.
This year marks not the first compromise of Radiant Capital. In January, the platform halted lending markets following a $4.5 million flash loan exploit.
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