Bancor DAO hit with class action suit over impermanent loss protection promises
The pioneering DAO allegedly offered “risk-free” products that cost American retail investors tens of millions of dollars in losses. Go to Source Powered by WPeMatico
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Crypto Biz: Ripple’s expensive battle, Bittrex bankruptcy and a new blockchain network
This week’s Crypto Biz explores Arbitrum’s latest proposal, Ripple’s two-year battle with the SEC and a large corporations’ coalition to build blockchain solutions for institutional investors. Go to Source Powered by WPeMatico
BitDAO proposes to replace BIT token in branding revamp
After community approval, BIT holders will undergo a token conversion process for the new Mantle token. Governance and treasury management will remain unchanged. Go to Source Powered by WPeMatico
Aragon launches defensive measures against Arca’s ‘51% attack’
The Aragon Association has pulled plans to give ANT holders voting rights over its DAO in the wake of the attack. Go to Source Powered by WPeMatico
Utah DAO Act: How the law was made and what it means for decentralized business
How the Utah DAO Act went from an idea to a piece of legislation — and the challenges along the way. Go to Source Powered by WPeMatico
Blockchain and crypto leaders converged at DAO Tokyo as Japan increases adoption
Japan has taken strides of late to adopt and integrate decentralized technologies within both government and businesses. Go to Source Powered by WPeMatico
Arbitrum proposal to return 700M ARB fails, whale calls it a “power play”
The AIP-1.05 was defeated by 118 million votes. The proposal was introduced after the Arbitrum Foundation transferred funds without community approval. Go to Source Powered by WPeMatico
Umami Labs founder: DAOs aren’t always the answer
Decentralized autonomous organizations suffer from a lack of oversight. Companies and founders should take that into account in their planning. Go to Source Powered by WPeMatico
Uniswap funds DAO incentive improvement project
The project will provide at least three proposals for Uniswap incentive mechanisms by June. Go to Source Powered by WPeMatico
French central bank looks at certification, incorporation as part of DeFi regulation
The Banque de France presented a well-written consideration of issues related to DeFi and forthcoming MiCA regulation, with suggestions. Go to Source Powered by WPeMatico