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The CFTCâs motion for alternative service asks a California judge to approve of the unconventional way Ooki DAO members were served. Commodity Futures Trading Commission CFTC logo (Mark Van Scyoc/Shutterstock) The Commodity Futures Trading Commission (CFTC) used unorthodox methods to serve a lawsuit against the pseudonymous members of a decentralized autonomous organization (DAO), according tocourt documents filed on Tuesday. Members...
The proposal puts forward an âopt-inâ token standard that would enable victims to report theft to a governance contract, with algorithms helping to identify and freeze ill-gotten gains. The proposal puts forward an âopt-inâ token standard that would enable victims to report theft to a governance contract, with algorithms helping to identify and freeze ill-gotten gains. Stanford University researchers have...
Layoffs at stakefish took effect on the same day as the Ethereum Merge â just as they were set to play a key role in securing the revamped blockchain. Layoffs at stakefish took effect on the same day as the Ethereum Merge. (Unsplash/Luca Bravo) On the very day that theEthereum Mergedramatically elevated the importance ofvalidatorsin the blockchainâs ecosystem, one of...
The firm's CEO described the company as solvent following the $160 million hack. Evgeny Gaevoy, Wintermute CEO (Danny Nelson/CoinDesk) Cryptocurrency market maker Wintermute, the victim ofTuesday's $160 million hack, has over $200 million in outstanding DeFi debt to several counterparties, according to on-chain data. The largest debt involves a$92 million tether (USDT) loan issued by TrueFi, which is due to...
Trust Wallet CEO says the current bear market could provide an opportunity for the Web3 industry to address consumer concerns before the next bull market. Trust Wallet CEO says the current bear market could provide an opportunity for the Web3 industry to address consumer concerns before the next bull market. Widespread adoption ofWeb3mayeventually become a reality but Trust Wallet CEO...
The historic upgrade casts aside the miners who had previously driven the blockchain, with promises of massive environmental benefits. The massive overhaul ofEthereumknown asthe Mergehas finally happened, moving the digital machinery at the core of the second-largest cryptocurrency by market value to a vastly more energy-efficient system after years of development and delay. It was no small feat swapping out...
The bump in mining difficulty comes as hashrate remains strong, despite bitcoinâs price edging downward. On-chain datashows that bitcoinâs mining difficulty has crossed an all-time high with its latest jump, the second in two weeks. Bitcoinâs mining difficulty increased by 3.45% at block height 753,984 to 32.05 trillion hashes. This is the second significant recent increase. On Aug. 31, the...
Pierre Poilievre won the leadership race by a landslide and plans to make Canada the âblockchain capital of the world.â Canada's Parliament (Flickr/Reading Tom) The Conservative Party of Canada (CPC) elected pro-Bitcoin Ontario Member of Parliament, Pierre Poilievre, as the partyâs new leader on Saturday â and it wasnât even close. Poilievre garnered over 68% of the conservative vote, miles...
The FWB co-founderâs latest creation will act as an incubator, venture capital firm, and record label all in one. Cooper Turley speaking with fellow crypto music influencer Blockchain Brett at a satellite event for BTC 2022 in Miami. (Danny Nelson/CoinDesk) Cryptocurrency influencer and NFT song collector Cooper Turley is spinning up a $10 million fund to invest in artists and...
Laura Mercurio has previously worked with BlackRock, Merrill Lynch, and Deutsche Bank. Blockchain Australia, the nation's industry body advocating for appropriate regulation and policy, has appointedLaura Mercurioas its new CEO, the organizationannounced on Wednesday. Mercurio succeedsSteve Vallas, who led Blockchain Australia for two years at a time when the nation signalled a new approach toward crypto adoption. Australia's new government,...