Lido DAO, the governance forum for the Lido Finance project, has put forward a new proposal for selling LDO 10m tokens to crypto investment firm Dragonfly Capital, apparently with better terms. “Ok, lets try this again,” states the new proposal, which was submitted by Lido’s head of business Jacob Blish on Wednesday. It calls for…
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Layer-1 blockchain Harmony has proposed to mint billions of its ONE tokens in order to reimburse the victims of the Horizon bridge hack that saw around USD 100m of user funds stolen. The Harmony blockchain would have to hard fork and increase the supply of ONE to mint new tokens. The team said reimbursement would…
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The community members of Lido Finance, a decentralized finance (DeFi) protocol and third-party staking pool operator for Ethereum (ETH) 2.0, have voted against a proposal to sell LDO 10m tokens to crypto investment firm Dragonfly Capital for DAI 14.5m. The vote, which concluded on Monday after a four-day voting period, ended with 609 DAO members…
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… Read More: Crypto Winter & Ethereum Forecasts, Sustainable Bitcoin Mix, Terra Prosecutors, NFT Refusals and 20 Crypto Jokes Read more »Pay, Trade, Buy Bitcoin with Credit Card
Liquidations of leveraged short positions in Ethereum’s native token ETH surged over the weekend along with a strong move above the key USD 1,300 price level as sentiment in the ETH market improved markedly…. Read More: Massive Liquidations Push Ethereum Higher as the Nearing Merge Boosts Sentiment Read more »Pay, Trade, Buy Bitcoin with Credit…
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Yet another week passed by. This time, we had Celsius Network enacting Chapter 11 bankruptcy protection and Elon Musk terminating his agreement to buy Twitter as the company vowed to fight back. Meanwhile, a panel said bitcoin could fall to USD 13,676 this year, some survey respondents said BTC is likely to fall to USD…
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Luxembourg-based crypto exchange Bitstamp has abandoned plans to charge a monthly fee on inactive users with low balances after massive backlash from the community. The exchange announced today that they are scrapping the idea, saying: “After listening to our community’s response, we’ve changed course. There will be no inactivity fee.” … Read More: Bitstamp Drops Inactivity…
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Chandler De Kock is Growth Strategist at UMA, an optimistic oracle built for Web3. __________ It’s easy to get caught up in the chatter and concern that erupted in recent weeks around the collapse of TerraUSD stablecoin and then the latest round of losses that has set off job cuts and extreme market conditions throughout…
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Gigi is a Bitcoin educator, author of ’21 Lessons’, and software engineer. __________ It can’t be said often enough: Bitcoin is confusing. However, it’s not complicated like a Rube Goldberg machine is complicated. It’s just very foreign and thus very misunderstood—it is a completely new thing. “There’s nothing to relate it to,” as Satoshi [Nakamoto]…
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