December DeFi exploits were the lowest in 2022: Finance Redefined Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The end of 2022 saw the least value of stolen funds from DeFi, with $62 million worth of exploits in December. While the figure might seem a relief given […]
Marshall Islands legally recognizes DAOs as domestic limited liability companies The Republic of the Marshall Islands, an independent island state located in the Pacific Ocean near the Equator, has announced that the Decentralized Autonomous Organizations Act of 2022 has officially been passed into law. The law recognizes decentralized autonomous organizations and enables legal entities registered in the country to formally adopt DAO structures and governance […]
Crypto institutions and Paul Krugman: a tale of misunderstanding The views and opinions expressed here belong solely to the author and do not represent the views and opinions of Crypto News’ editorial. Paul Krugman fails to understand the true value of blockchain technology and its associated crypto assets. His article conflates centralized and decentralized entities, permissionless and permissioned blockchains, and fails to grasp the […]
Mask Network founder launches FixDAO for Asian FTX victims Suji Yan, the founder of the Mask Network, has launched a FixDAO raising $200 million for Asian victims of the FTX collapse. Virtual Gofundme for the Asian FTX victims Suji Yan, the founder of Mask Network tweeted an announcement, yesterday launching FixDAO, a decentralized autonomous organization, raising funds for Asian victims of the FTX collapse. […]
Bitdao Reveals Modular Ethereum L2 Called Mantle, Public Testnet to Launch in 2023 On Wednesday, one of the world’s largest decentralized autonomous organizations, Bitdao, announced the soft launch of a modular Ethereum layer two (L2) network called Mantle that claims to bolster lower fees and fast transactions. According to the Bitdao team, Mantle’s public testnet is scheduled to release in 2023. Decentralized Autonomous Organization Soft Launches Mantle, a […]
Compound DeFi platform announces Borrow caps for V2 assets. At the end of November, Compound will implement loan limitations on ten crypto tokens in its version 2 protocol, limiting the amount of the impacted collateral that customers may borrow. This choice was made based on a governance vote completed on Monday. A suggestion put up by DeFi risk management protocol Gauntlet to the Compound […]
Sustainability: What do DAOs need to succeed in the long run? The rising popularity of decentralized autonomous organizations (DAO) reflects the growing tendency toward the creation of community-focused projects within the Web3 ecosystem. At its core, a DAO is an organizational structure that allows decentralized decision-making within a community. Currently, there are over 4,000 of these projects in existence, according to the registration data of DeepDAO. […]
Amber Group's co-founder Tiantian Kullander passes away at 30 Amber Group's co-founder Tiantian Kullander, also known as TT, unexpectedly passed away in his sleep on Nov. 23, according to the company's official website. Tiantian was 30 years old and leaves behind a wife and a son. Besides co-founding the Hong Kong-based Amber Group, TT sat on the board of the e-sports company Fnatic and […]
ApeCoin geo-blocks US stakers, two Apes sell for $1M each, marketplace launched United States-based ApeCoin (APE) holders could miss out on staking rewards after the U.S. was added to a list of regions geo-blocked from using an upcoming APE staking service. Blockchain infrastructure company Horizen Labs, which is building the site on behalf of the ApeCoin decentralized autonomous organization (DAO), revealed the news in a Nov. 24 […]
ENS votes Karpatkey DAO to manage endowment fund Today, the Ethereum name service (ENS) has selected Karpatkey to manage the Decentralized Autonomous Organization (DAO). Karpatkey will be in charge of taking control of a proposed $52 million endowment fund. Karpatkey to serve fund DAO The Ethereum Name Service project’s decentralized society, ENS DAO, has voted to handle its endowment fund through the treasury […]
First official DAO in the US to fight SEC without attorneys The first official decentralized autonomous organization (DAO) in the United States is taking on the Securities and Exchange Commission (SEC) over its 2021 token registrations. American CryptoFed DAO has told Cointelegraph it will represent itself without an attorney over SEC allegations that it omitted and misstated information in a securities registration last year. The DAO […]
American CryptoFed registration at risk as SEC alleges filing anomalies American CryptoFed DAO, the first decentralized autonomous organization (DAO) to get legal recognition in the United States, is at risk of losing its registration after the U.S. Securities and Exchange Commission (SEC) dug up anomalies in the Form S-1 registration statement dated Sept. 17, 2021. The Wyoming Secretary of State’s office recognized American CryptoFed as […]
Japan’s largest mobile operator to establish Web3 consortium NTT Docomo, Japan’s largest mobile operator with over $40 billion in annual revenue, partnered with multichain smart contract platform Astar Network to accelerate the Web3 implementation in the country. The joint effort will take the form of a consortium, which would give individuals and corporations the ability to utilize tokens for governance. According to a press […]
What is Humanode human-powered blockchain? Humanode is a project that gracefully combines different technological stacks including blockchain and biometrics. Humanode tech encompasses a bunch of layers such as a blockchain layer represented by a Substrate module: a biometric authorization module based on cryptographically secure neural networks for the private classification of three-dimensional (3D) templates of users’ faces, a private liveness […]
Crypto News Summary: Nubank’s New Nucoin Crypto, Fidelity’s ETH Offer, Bitpanda Partners With N26 Digital Bank
Mastercard to Launch Crypto Secure, EU Parliament Voted to Use Blockchain in Taxation, Open Network's P2P Market to Enable Toncoin Trade on Telegram + More News
Polygon Has Integrated Push Protocol To Enhance Web3 Communication Polygon has announced its move to integrate the Push protocol, formerly known as Ethereum Push Notification Service (EPNS), to enable enhanced Web3 communication. What About Push Protocol The EPNS was built initially to enable Push notifications on Ethereum. Since the platform launched at the beginning of this year, the protocol has powered 60k subscribers, 100 […]
Thai SEC Comes After Bitkub Exchange, OpenSea Rewards Whitehats, BIS Working With (at Least) 7 Central Banks on CBDC Projects + More News
Pro sports league Karate Combat to launch DAO for fan, athlete governance Karate Combat, a prominent full-contact martial arts league, announced the decision to form a decentralized autonomous organization (DAO) to transition its governance to fans and athletes. Karate Combat’s DAO will be launched as part of a three-year sponsorship deal with Hedera’s HBAR Foundation, expected to go live in December 2022. Holders of Karate Combat’s in-house […]
Bahrain's EazyPay Partners with Binance Pay, Compute North Files for Bankruptcy, Tornado Cash Returns to GitHub + More News
Panda DAO Could Disintegrate and Repay Investors’ Funds Amid Internal Disputes Panda DAO, a Decentralized Autonomous Organization, unveiled a new plan on Monday to dismantle and give shareholders their money back. The 1.292 billion PANDA assets are distributed to shareholders per the seven-point referendum. The remainder would be divided among the financial suppliers. DAO will use a further 44.56 million PANDA to pay 8 of the […]
Panda DAO says it will dissolve and return investor's assets due to internal strife On Monday, decentralized autonomous organization Panda DAO put forth a new proposal to dissolve itself and return assets back to investors. According to the seven-point referendum, between 500 million to 700 million PANDA tokens out of 1.292 billion PANDA in circulation would be distributed among investors. Of those remaining, some would be redistributed among liquidity […]
USD isn’t Maker’s only problem: DAOs are broken Laguna Labs CEO Stefan Rust says MakerDAO’s quest to free float DAI is a great move. However, he says the whole idea of DAOs isn’t the utopian democracy people think they are. Stefan Rust, CEO of blockchain innovation hub Laguna Labs, says proposals to have Maker DAO’s native token fully depegged from the US dollar […]
