The team behind Synthetix Network has unveiled protocol enhancements lined up for 2020. Existing infrastructure is slated for an upgrade and a range of new products are scheduled for later this year.

Synthetix is one of the most discussed projects in the DeFi landscape, having cemented itself as a top-performing investment in 2019. 

DigixDAO community members have voted overwhelmingly to approve the return of funds it raised in its 2016 ICO to DGD holders looking to walk.

Investors will be sent 0.19 Ether per DGD. The project held its initial coin offering (ICO) in 2016, raising over 450,000 ETH. Its treasury currently holds roughly 380,000 ETH. Virtually all of it will be transferred to a DigixDAO Refund Contract.

U.S. Congress has introduced a bill that could make it easier for consumers to spend their Bitcoin. Representatives proposed the bill on Thursday, Jan. 16.

Known as the Virtual Currency Fairness Act of 2020, the bill eliminates the need for consumers to calculate taxes on crypto transactions that result in capital gains under $200. The change would amend a tax act that is nearly 35 years old.

Facebook’s Libra cryptocurrency is facing more speculation that the project may not get off the ground in 2020, according to media reports.

An alleged government memo seen by Bloomberg states that Libra may have to undergo revision if it’s to gain approval from Swiss financial regulators. 

Crypto Dad wants to digitize the greenback. His new venture, the Digital Dollar Project, is a foundation set up to advocate for a U.S. central bank digital currency (CBDC). But is it necessary?

Wanchain has launched version 4.0 of its interoperability-focused blockchain. The project announced the release via a blog post on Jan. 20.

This upgrade allows Wanchain to expand its interoperability objectives by providing support for private blockchains, also known as enterprise or consortium blockchains.

Changpeng Zhao, the CEO of Binance, has taken to Twitter to contest recent reports from the blockchain analytics firm Chainalysis.

In the Jan. 15 report, the firm claimed that Binance had received approximately one-quarter of all cryptocurrencies laundered through OTC brokers in 2019.

Though Chainalysis primarily blamed the OTC brokers that initially sent laundered funds to exchanges, it added that exchanges should do more to prevent laundering.

The Tezos Foundation has launched a cryptocurrency faucet to dispense a small stream of XTZ tokens to users.

The funds in the faucet are intended for testing and development purposes, according to the site. And while there are limits, the faucet’s home page invites normal users to claim funds as well.

The SEC convicted Boaz Manor, who was under investigation since marketing a Bloomberg Terminal knock-off during the ICO boom.

On Dec. 17, 2020, the Securities Exchange Commission concluded their investigation into CG Blockchain Inc. and BCT Inc. SEZC with a conviction of Boaz Manor and his associate, Edith Pardo. The two raised over $30 million via fraudulent initial coin offering.

Cryptocurrency exchange Binance has furthered its expansion ambitions by entering into a strategic partnership with Z Corporation, a SoftBank subsidiary, and TaoTao, a Japanese cryptocurrency exchange.

Binance has publicly announced a business partnership with Yahoo Japan owned Z Corporation and TaoTao.