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
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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
Carbon credit NFTs are only effective if burned, experts say
Environmental concerns plague both the crypto industry and the world at large. However, if used right, blockchain-based assets could offer some relief. Go to Source Powered by WPeMatico
ENS Domain Registrations Skyrocketed Last Month, Total Names Created Nears 2 Million
The number of Ethereum Name Service (ENS) domains is nearing the two million mark as 1,888,209 ENS names have been etched into the Ethereum blockchain to date. The project recently detailed that July saw the largest monthly rise in revenue scoring 5,400 ether worth roughly $2.48 million during the course of the month. ENS Registrations … Read more
Pocket DAO Passes Two Key Proposals on Node Incentives
PRESS RELEASE. Pocket Network, a decentralized Web3 infrastructure provider that services blockchain data requests for applications and developers, is implementing key protocol changes after its community DAO voters rallied to boost network efficiency and bring costs down. As of late June, the Pocket DAO has passed two proposals with significant impacts on the incentive structure … Read more
Web3 platforms launch the Open Metaverse Alliance
OMA3 will focus on proposing standards and facilitating collaboration between various stakeholders of Web3 and other industries. Go to Source Powered by WPeMatico
Multicoin Capital raises $430M for new crypto startup fund
Even with Bitcoin, Ether and altcoins in a bear market, venture funding for the blockchain industry continues to grow. Go to Source Powered by WPeMatico
100-Year-Old Pennsylvania-Based Bank Approved to Leverage Makerdao’s Stablecoin Vault
Makerdao, the decentralized autonomous organization (DAO) that issues the stablecoin DAI, approved a governance proposal that provides “collateral integration from a U.S.-based bank.” The Makerdao governance proposal passed by a majority vote of more than 87%, and it gives the U.S. financial institution Huntingdon Valley Bank the means to leverage a stablecoin vault. Huntingdon Valley … Read more
US crypto regulation bill aims to bring greater clarity to DAOs
The Responsible Financial Innovation Act proposes a comprehensive set of regulations for the digital assets sector, and one potentially impactful section is DAOs. Go to Source Powered by WPeMatico