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MakerDAO, one of the largest decentralized protocols, is in the middle of a makeover. Rifts have emerged between investors and founders as they offer competing plans for making the protocol more decentralized and try to drive growth. MakerDAO founder Rune Christensen (CoinDesk TV) Venture capital giantAndreessen Horowitz(a16z) is not on board with the founderâs vision to break upMakerDAO, one of...
Government to allow smartphones to replace existing ID cards Korea sees economic value of digital IDs at around 3% of GDP A pedestrian usesa smartphone at Seoul Station in Seoul, South Korea. Photographer: SeongJoon Cho/BloombergSouth Korea plans to offer a digital identity secured by blockchain to citizens with a smartphone as it taps into the worldâs most tech-savvy population to...
Twitter critics accused Maren Altman, who has more than 1.8 million social media followers, of not being forthcoming about her deal with the now-bankrupt crypto lender. The influencer says her marketing sponsorship role is no different than doing fashion ads. Crypto influencer Maren Altman (Maren Altman) Maren Altman, a popular bitcoin and ether-focused astrologist, is suddenly a fallen star among...
The SEC must submit its brief by Nov. 9. After that, Grayscale will then submit a reply brief on Nov. 30 before both parties submit a final brief on Dec. 21. The SEC must submit its brief by Nov. 9. After that, Grayscale will then submit a reply brief on Nov. 30 before both parties submit a final brief on...
The South Korea-based crypto investment firm failed to make a payment on a $3.4 million loan to TrueFi, a decentralized lending protocol. Falling dominoes (Getty Images) South Korean blockchain investment firm Blockwater Technologies defaulted on a loan from TrueFi, a decentralized lending protocol, TrueFi said in astatementSunday. According to the statement, TrueFi issued a ânotice of defaultâ to Blockwater on...
The chain has now resumed operations after fixing a exploit that allowed an attacker moved $100 million-$110 million in crypto off the Binance-linked blockchain. Binance's CZ speaking at Messari Mainnet (Danny Nelson/CoinDesk) BNB Chain isback in operationas of 07:00 Coordinated Universal Time (UTC) after it was forced to hit the brakes on Thursday after the blockchain with ties to the...
The fund has raised about $5 million since sales opened in late September Fidelityâs new Ethereum Index Fund will offer clients access to ether (ETH), the second-largest cryptocurrency by market capitalization. The fund has raised about $5 million since sales started on Sept. 26, according to a filing with theU.S. Securities and Exchange Commission. The minimum investment is $50,000. Fidelity...
The exchange says the issue was identified and a solution implemented. Coinbase has fixed a technical problem that caused it to temporarily halt payments and withdrawals involving U.S. bank accounts. The crypto exchangesaidon Sunday at 12:41 p.m. New York time (4:41 p.m. UTC) that the "incident has been resolved," according to itssystem status page. A few hours earlier, the company...
The company activated purchases with crypto on its technology marketplace after adding a payment feature provided by Bit2Me. TelefĂłnica, Spainâs largest telecommunications company, is enabling the purchase of products on its technology marketplace with cryptocurrencies. The company activated purchases with crypto onTu.comafter adding a payment feature provided by Spain's largest crypto exchange, Bit2Me, the crypto firm told CoinDesk. TelefĂłnica has...
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...