Terra Developers Unveil Plan to Revive LUNA Ecosystem; IRS Expands Key US Tax Language to Include NFTs

This episode is sponsored by ZenGo.

The most valuable crypto stories for Tuesday, Oct. 19, 2022.

Terra developers floated a new proposal earlier this week as they look to revive the once-mighty network, even as Do Kwon, the platform's controversial co-founder, faces a warrant for his arrest on charges of fraud. Plus, the U.S. Internal Revenue Service (IRS) has made a move this week to clarify at least one question for crypto investors: how taxpayers account for non-fungible tokens (NFTs).

See also:

IRS Expands Key US Tax Language to Include NFTs

Binance now second-largest entity by voting power in Uniswap DAO

Reddit Users Created 3 Million Crypto Wallets to Scoop Up Polygon NFTs - Decrypt

Terra Developers Unveil 4-Year Plan to Revive LUNA Ecosystem

This episode has been edited by Adrian Blust. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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