Celo, a mobile-focused smart contracting platform compatible with Ethereum’s virtual machine, is voting on a proposal to increase the network’s minimum gas threshold. Voting for Celo Governance Proposal 0066 started today, Wednesday, January 18, and ends on Friday, January 27. As of the time of writing, the turnout stands at 2.6% of the total supply, with 6,840,826…
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On Monday, the New York Department of Financial Services (NYDFS) published guidance on custodial structures to help protect customers’ money if a crypto firm goes bankrupt. New York’s top financial regulator stressed that businesses should not commingle customer funds and that customer funds should be segregated with separate accounting. FTX Collapse Prompts NYDFS to Issue…
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On Tuesday, the non-profit technology consortium, the Linux Foundation, announced the launch of the Openwallet Foundation (OWF) in order to bolster the development of open-source crypto wallets. OWF’s goal is to increase “interoperability for a wide range of wallet use cases” and to develop a “secure, multi-purpose open source engine” that anyone can use to…
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The largest DEX in the world could be supported by a new $74 million foundation if a new proposal from two community members passes a vote later this month. The Uniswap Labs community has already begun mulling over a new proposal that would form a Uniswap Foundation based in the United States (U.S.), but first,…
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Apecoin DAO community members have approved a governance proposal that will fund a Bored Ape Yacht Club (BAYC)-centric news publication called the Bored Ape Gazette with $150,000 for the first year. While the Bored Ape Gazette has been in operation since June 1, 2021, the site’s operator promises to “keep the community better informed” with…
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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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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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Blockchain protocol Polkadot (DOT) has announced changes to its governance mechanism in a bid to become more decentralized and censorship-resistant. Dubbed Gov2, the new governance system aims to migrate the responsibilities of the Council, an elected body of on-chain accounts that are intended to represent the passive stakeholders of Polkadot, to token holders…. Read More:…
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Gavin Wood said that he seeks to transform the Polkadot blockchain into a full technocracy. Live from Polkadot Decoded in Buenos Aires on Wednesday, Polkadot (DOT) and Kusama founder Gavin Wood announced that the blockchain’s governance model would undergo a new transformation. Dubbed Gov2, anyone would be able to start a referendum at any time…
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The report published Tuesday highlights several scenarios in which various actors can garner excessive, centralized control of a blockchain system. Distributed ledger technology (DLT) and blockchains including Bitcoin and Ethereum may be more vulnerable to centralization risks than initially thought, according to Trail of Bits. The security firm on Tuesday released its report titled “Are…
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