The consortium of major Web3 companies OMA3 (the Open Metaverse Alliance for Web3), has formed a working group to find the best way to standardize creator royalties on non-fungible token (NFT) marketplaces – and to ensure they stay there. According to a tweet, … Read More: Bored Apes Creator Yuga Labs and Magic Eden Collaborate to…
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Uncertain regulatory conditions continue to have a negative impact on the sustainable growth of the DAO ecosystem, revealed a new European Central Bank Occasional Paper. Decentralized autonomous organizations (DAOs) need a comprehensive regulatory framework if they are to make a place in the future of the financial sector, suggests the European Central Bank’s Occasional Paper…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Bitcoin Mining Difficulty & Hashrate Set Records as Bitmain Floods US with Machines, Bitget Reveals Future Quant Bot, Pi Network Debutes Staked DMs Read more »Sign up for…
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Lido Finance, a decentralized liquid staking platform, is ending its Solana (SOL) operations after the DAO community voted in favor of sunsetting the Lido on Solana protocol. Per Lido’s blog post on Monday, the process of shutting down Solana staking product will “begin shortly” phasing out. “After much discussion and a vote by Lido DAO…
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Decentralized finance (DeFi) lending project BarnBridge has announced a token-holder voting to tackle the legal charges that the project is facing from the US Securities and Exchange Commission (SEC), along with fines. BarnBridge confirmed in July that is it facing a probe from the US regulators and halted “all work” related to the project in…
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The voting ended with an unanimous decision to comply with the SEC’s potential demands and pay fines if necessary. BarnBridge decentralized autonomous organization’s (DAO) members have conducted their voting on how to react to the United States Securities Exchange Commission’s (SEC) potential demands. The voting ended on Oct. 12 with an unanimous decision to comply…
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A former OpenSea employee has been accused of assisting the infamous AnubisDAO rug pull in 2021, but some commentators have raised doubts. Nonfungible token (NFT) platform OpenSea says it is unaware of any evidence pointing to a former employee being involved in the infamous AnubisDAO rug pull in 2021 following new accusations on social media. …
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September was the biggest exploit month in DeFi, with over $300 million in losses, taking the crown from August. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. In this week’s newsletter, September became the biggest…
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In a blog post on Sept 21, a16z’s Miles Jennings discusses how decentralized autonomous organizations (DAOs) can avoid power centralization by applying Machiavelli’s principles. Principles written almost 500 years ago by Niccolò Machiavelli — author of the controversial political work “The Prince” — are the path to solving decentralized governance issues on autonomous organizations, according…
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In response to the ongoing HK$1.3 billion scandal in which Hong Kong police have asked telecom service providers to block access to JPEX’s website, resulting in the arrest of three additional individuals suspected of conspiracy, JPEX has put forth a new dividend plan for its investors…. Read More: JPEX Floats “DAO Stakeholder Dividend Plan” for…
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