Tornado Cash saga left a void, says Chainalysis chief scientist: Finance Redefined
A new report suggests the Ethereum staking ecosystem could become a formidable industry impacting a wider crypto economy. Go to Source Powered by WPeMatico
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Panda DAO says it will dissolve and return investor’s assets due to internal strife
“Too much time in governance, too little time in development, too many voices in price. Too tired and refund it all,” a core team member wrote. Go to Source Powered by WPeMatico
DAOs will never work without fixing governance
Decentralized autonomous organizations have too many attack vectors that affect important projects. That needs to change for them to become practical governance models. Go to Source Powered by WPeMatico
Ethereum-Based ‘Cryptoruble’ Token Under Development in Russia
Developers are working on a “cryptoruble” that, as they say, can improve Russians’ access to global exchanges and be used for cross-border payments. Defi platform Indefibank, which is behind the project, says the token will be pegged to the national fiat but independent from a state-issued digital ruble. Cryptoruble to Give Russian Companies Another Option … Read more
DApp activity rises 3.7% in August for the first time since May: Finance Redefined
DeFi token finally broke out of two-week-long bearish price dominance to trade in the green, where several tokens in the top 100 registered double-digit gains over the past week. Go to Source Powered by WPeMatico
DeFi protocol token NFD crashes by 99% after a flash loan attack
Flash loans allow users to borrow a high amount of assets without having to provide any upfront collateral, this is often used by miscreants to launch attacks on DeFi protocols. Go to Source Powered by WPeMatico
MakerDAO co-founder recommends DAI-USD depegging to limit attack surface
While revealing the protocol’s inability to comply with regulators, Christensen suggested that “we must choose the path of decentralization.” Go to Source Powered by WPeMatico
Fei Protocol founder proposes ghosting Tribe DAO following hack repayment
Refuting TIP-121, members of the community questioned the lack of timelines and hard numbers within the proposal. Go to Source Powered by WPeMatico
Tornado Cash DAO goes down without explanation following vote on treasury funds
Github, Circle, dYdX, Alchemy, and Infura… All platforms have taken action against Tornado Cash or individuals connected to the mixer following U.S. sanctions. Go to Source Powered by WPeMatico
MakerDAO should ‘seriously consider’ depegging DAI from USD: Founder
In light of the recent Tornado Cash and frozen USDC addresses debacle, MakerDAO founder Rune Christensen is hoping to move DAI’s collateralization away from USDC. Go to Source Powered by WPeMatico
