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It also is known as the digital decentralized autonomous organization (DAO). The DAO served as a form of investor-directed venture capital fund that seeks to provide the enterprise with new decentralized business models. Built on the Ethereum blockchain, The DAO’s code was open-source. The organization set the record for most crowdfunded projects in 2016, however, those funds were partially stolen by hackers cause an Ethereum hard-fork that created Ethereum Classic.
First US DAO to battle SEC without lawyers
In its 2021 SEC filing, the DAO listed its native, interdependent tokens — the stablecoin Ducat and governance token Locke. The regulator has started the process of issuing a stop order, citing a slew of issues with the registration. American CryptoFed plans to file a motion to extend the deadline for responding to the SEC's Order Instituting Administrative Proceedings.
Tron DAO to Purchase 1 billion USDT to Combat Short Sellers
The Tron Dao reserve is now set to purchase 1 billion USDT to combat short sellers and bring the stablecoin USDT back to its normal price.
Puerto Rico Police Say No Evidence of Foul Play in MakerDao Co-Founder’s Death
On Friday, local district police in Puerto Rico announced the results of the investigation into the death of MakerDAO Co-Founder Nikolai Mushegian. The report said there is no evidence of criminal elements involved in the death.
ApeCoin DAO Signs Off on a $4.4M Bug Bounty
ApeCoin DAO has agreed to launch a $4.4M bug bounty on ImmuneFi
Shapeshift Migrate Users to Open-Source Mobile App Boosting Decentralization
Shapeshift has now created a new open-source app to which users will have to migrate, to take additional steps into complete decentralization.
Binance Now Ranked as the Second Largest Voting Power in Uniswap DAO
Binance is now ranked as the second-largest voter in the Uniswap DAO after a16z
DeFi TVL Rebounds to the $54 Billion Mark, Eth-based MakerDAO Remains Dominant Lender
The total value locked (TVL) in DeFi rebonds to approximately $54 billion currently. The TVL has been down since October 12, trading between $53.7 and $53.29 billion level.
TempleDAO Hacker Moves Stolen Funds to Sanctioned Crypto Mixer Tornado Cash
According to data from block explorer, Etherscan, the attacker of the TempleDAO hack, has moved the funds stolen via the recently sanctioned crypto mixer, Tornado Cash.
Stablecoin Issuer MakerDAO Invests $500m into U.S Treasuries & Corporate Bonds
The move is an attempt by MakerDAO to diversify its holdings by allocating $500 million for investment in U.S. short treasuries and corporate bonds.
Mythical Games Unveils Mythos Foundation DAO, Mythos Token to Democratize Web3 Gaming
Mythical Games enlisted 22 partner companies and several big-name advisors in an effort to bring decentralization to Web3 gaming through the launch of the foundation and the token.
Moonbirds DAO Prepares for Launch With $2.6M Seed from Kevin Rose’s Proof
The Moonbirds DAO will create an open and inclusive platform allowing members to vote on proposals that expand the rising NFT ecosystem.
Users Panic as Nexo Withdraws 7,758.8 WBTC from MakerDAO
There have been panic in the digital space amidst rumours of Nexo being insolvent due to the abrupt withdrawal of Wrapped Bitcoin (WBTC) from MakerDAO with an address labelled as Nexo Ox8fd
BendDAO Considering Expanding into ApeCoin NFT Staking Programme
BendDAO plans to introduce a BendEarn NFT platform that enables staking of major tokens like ApeCoin, Bored Ape, Mutant Ape, and Bored Ape Kennel Club NFTs. The NFT platform will allow BendDAO users to earn passive income with NFTs through the available innovative features like a dashboard, four staking pools, and market tools.
Ooki DAO Seeks Legal Defence against CFTC Drawing on Community Support
With the lawsuit from the CFTC now filed, the DAO has opened a public forum for discussion such that its members will explore the best avenues to respond to the lawsuit.
Lawsuit against Ooki DAO Takes New Twist as CFTC Commissioner Dissents Ruling
The regulator said Ooki DAO offered digital asset margin trading, which they’re not permitted by law to do.
CFTC Files First Lawsuit Against DAO
The Commodity Futures Trading Commission (CFTC) has filed its first lawsuit against a decentralized autonomous organization (DAO).
Panda DAO to Refund Investors as it Explores Protocol Dissolution
Panda DAO, a Decentralized Autonomous Organization, is putting forth a proposal to dissolve its treasury and repay its investors if the proposal is passed.
Tornado Cash Used to Siphon $500k from Hacked DAO Maker - PeckShield
Blockchain Security Company PeckShield and Crypto Security Specialist, CertiK have announced that a hacker laundered $500, 000 DAI stablecoins via Tornado Cash
Digital Asset Management Market Speculated to Generate $9.32B in Revenue by 2028
The digital asset management market is expected to generate revenue worth $9.32 billion by 2028 based on soaring demand, according to a report by SkyQuest Technology Consulting.
NFT Lending Protocol Bend DAO Proposes New Measures against Bankruptcy Crisis
Subject to the bankruptcy crisis caused by depleted Ethereum reserves, NFT lending protocol Bend DAO has proposed new emergency measures pending a governance vote.
MakerDAO Intends to Depeg DAI from USDC
Announcing through Discord, MakerDAO’s founder Rune Christensen revealed that the DeFi protocol might consider de-pegging its native token DAI from stablecoin USD Coin (USDC).
CreatorDAO Community Raises $20M in Seed Fund
CreatorDAO, a decentralized autonomous organization, announced that it raised $20 million in a seed round led by Andreessen Horowitz and Initialized Capital.
MeebitsDAO Manager to Push Meebits Branding for Yuga Labs
Yuga Labs has revealed plans to onboard MeebitsDAO general manager Danny Greene as the new brand lead for Meebits at Yuga Labs.
Dragonfly Capital Completes $3.5M Seed Round Funding For Debt DAO
Dragonfly Capital completed a $3.5 million seed round for crypto credit protocol Debt DAO, according to a press release.
Metaverse Giants Collaborate to Form DAO Metaverse Alliance
Metaverse developers have collaborated to form the DAO Metaverse called "Open Metaverse Alliance for Web3" (OMA3), aiming to provide enterprises with new decentralized business models.
Argentinians Seek Shelter in Stablecoins after Economy Minister Resignation
Argentinians have taken refuge in stablecoins after the nation’s economy minister Martin Guzman resigned over the weekend attributed to the financial crisis crushing the South American country.
Chainalysis Finds Ownerships of Web3 DAOs Are Not Actually Decentralized
Chainalysis research study shows that most DAOs are not actually decentralized as they are intended to be, instead, they are normally controlled by a few founder members. In fact, they are designed to prevent an accumulation of power by a few members.
Bancor 3 Integrates Over 100 Tokens to Enhance DeFi Liquidity
Bancor 3, a DeFi liquidity solution by decentralized trading protocol Bancor, has incorporated more than 100 tokens, such as USD Coin (USDC), Polygon (MATIC), and Enjin (ENJ), for more sustainable and safer DeFi yields through community sourcing.
Tron DAO Reserve Buys $50M BTC, TRX
Tron DAO Reserve announced through Twitter that it bought $50 million worth of Bitcoin and Tron (TRX) to "safeguard the overall blockchain industry and crypto market."
PartyDAO Raises $16.4 Million Led by a16z
PartyDAO has raised $16.4 million in funding led by Andreessen Horowitz (a16z), The Block reported.
HDAO Launches New Burning Mechanism, 50% of Tokens in Total to be Burnt
The foundation of HDAO (HKD.com DAO) announced to rolling out of a new burning mechanism aiming to destroy 50% of the total amount of HDAO tokens.
Tron Blockchain Launches USDD Decentralized Stablecoin by Tron DAO Reserve
Justin Sun, the founder of the Tron blockchain network, said that he has launched a USDD decentralized stablecoin pegged to the US dollar at a ratio of 1:1 through the Tron DAO Reserve.
HKD.com Fully Upgraded! A New Outlook Comes Out
Hong Kong-based digital assets exchange HKD.com announced the completion of system upgrades. The system brings a new dynamic outlook by providing serval new features and functions, offering faster, accessible and safer trading experiences.
Argent Crypto Intends to Build a Super App for Web3 with New $40m Funding
Argent, a London-based crypto wallet service provider wants to build a Super app that will serve as the go-to hub for all things crypto, including Web3.0, DeFi, DAOs and NFTs.
Justin Sun Proposes the Establishment of Tron DAO Reserve and to Launch USDD Stablecoin
Justin Sun, the founder of the Tron blockchain network, is stepping up his responsibility in the broader digital currency ecosystem with the establishment of the Tron DAO Reserve.
MakerDAO Adds Layer-2 Network StarkNet to Address DAI Transaction Costs
The newly integrated StarkNet, a zero-knowledge proof layer 2 protocol, aims to improve efficiency of DAI stablecoin.
CowDAO Pulls $23m in Funding to Power EVM Interoperability
CoWDAO, the Decentralized Autonomous Organization behind the CoW Protocol, has raised the sum of $23 million from a mixture of private investors and the platform’s community members.
BAYC tied ApeCoin Makes Debut
Crypto token ApeCoin ($APE) was unveiled in the official Bored Ape Yacht Club (BAYC) Twitter account which detailed initiatives planned by creator Yuga Labs.
Nexus Mutual Enters Bancor’s DAO Ecosystem to Generate Protocol-Owned Liquidity
To gain durable decentralized liquidity, Nexus Mutual, an Ethereum-based insurance platform, staked treasury funds worth $2 million in the form of wrapped NXM (wNXM) tokens in decentralized trading protocol Bancor.
HDAO soared +1469% immediately after listing!
Earlier, the most influential Hong Kong Digital Asset Exchange HKD.com launched its platform token HKD.com DAO (HDAO), sold out in 5 seconds.
Metaverse will change the world in 2022
After Facebook has announced to change its name to "Meta" last summer, the whole world has focused on a term called "Metaverse". The word "Metaverse" has been searched in Google and Youtube every day. However, Meta is not a decentralized organization that is not a Decentralized Autonomous Organization (DAO), a Web.30 concept, and GameFi players may not like it.
HKD.com Aims to Shape Thriving Web3.0 Future through Strategic Investment in Blockchain.News
Hong Kong, 18 FEB 2022- One of Hong Kong’s most reputable Digital Asset Exchange- HKD.com (Hong Kong Digital Asset Exchange) announced the acquisition of half of Blockchain.News Company’s shares, a well-known international blockchain news media. The strategic partnership will help Blockchain.News develops its Web3.0 infrastructure and expands HKD.com business landscape at the same time. After the acquisition, Blockchain.News will focus on developing “MediaFi” and “MediaDAO”, as well as implementing a Tokenized Model and NFT elements, transforming to a Web3.0 Media News Outlet.
FlamingoDAO NFT Portfolio Valuation Touches $1B
FlamingoDAO's NFT portfolio is now worth an estimated $1 billion, DAO's members and reports from Forbes confirmed.
Julian Assange Supporters Raise over 12,500 ETH via DAO for his Freedom
Donors have formed AssangeDAO to free WikiLeaks founder Julian Assange from extradition to the United States and facilitate his freedom from prison.
Crypto Group ConstitutionDAO Plans to Refund Money and Shutdown, after Losing Auction
After failing to outbid billionaire Ken Griffin in auction for a copy of the US Constitution, the decentralized autonomous organisation ConstitutionDAO is planning to shut down after refunding the money it raised.
Hedge Fund Billionaire Ken Griffins Manages to Outbid for Copy of US Constitution
Hedge Fund billionaire Ken Griffins outbid a coalition of crypto investors to buy a rare, first-edition copy of the US constitution at a Sotheby’s auction.
ConstitutionDAO Fails to Win the U.S. Constitution Copy on Sotheby’s Auction, after Raising Crowdfund $47M
Breaking: Decentralised autonomous organisation ConstitutionDAO lost ownership by failing to win the bid for the printed copy of the U.S. Constitution at a Sotheby’s public auction. The Lot finally sold for $43.2 million.
US SEC Halts American Cryptofed DAO’s Registration for Digital Tokens
The US regulator stopped American Cryptofed DAO based on the ground that the firm failed to register its two digital tokens “Ducat” and “Locke” as securities.
Polygon Network Contemplating the Idea of Creating DAOs
Polygon is looking to build a DAO to harmonize its growing ecosystem.
Defi Tranche Protocol Receives $1.5M Seed Round of Financing led by Three Arrows Capital and Spartan Group
Defi chess-themed Tranchess protocols received a $1.5 million seed round of financing led by Three Arrows Capital and Spartan Group.
Total Value Locked in Maker Reaches a Record High as Maker Foundation Returns Dev Fund to DAO
Maker's total value locked (TVL) surged to $12.02B, hitting a record high amid Maker Foundation's announcement that it would refund 84,000 MKR from the development fund to the MakerDAO.
Maker Hits a New All-Time High Close to the $5,000 Mark
Maker has grown nearly eight-fold since the beginning of this year. It hit a record high of $4,995 today, breaking the $4,500 mark in one clean swoop.
Maker (MKR) Token Hits a New High as MakerDAO's First Financing Proposal Gets Approved
The market value of altcoins broke through $1 trillion for the first time, and MAKER successfully attracted the attention of investors.
ANKR/CRV/STORJ Price Analysis – March 24,2021
ANKR, CRV, and STORJ are included in the Coinbase Pro list and have increased by 42.57%, 23.73% and 102.00% respectively within the last 24 hours.
Bluzelle Launch Looms as Decentralized Storage Goes Mainstream
Bluzelle, the decentralized data storage platform, is preparing for the launch of its mainnet on February 3, ushering in a new era for censorship-resistant data storage.
Maker’s Dai Stablecoin Could Reach $2 Billion in Market Cap by the End of 2021—Here’s Why
Messari boldly suggests that after Dai’s market cap surged by 15x this year, due to DeFi, the stablecoin’s market cap could double by the end of next year
Bringing Bitcoin to Ethereum: Wrapped Bitcoin Surpasses $1 Billion in Total Value Locked
Decentralized finance (DeFi) keeps booming as one of its Bitcoin tokenization protocols recently skyrocketed by 900% in a span of two months.
Will the Impact of Yearn Finance's yETH Vault on the DeFi Space Last Long?
Yearn.finance, a decentralized finance (DeFi) protocol, has recently launched yETH vault, enabling the process of seeking the best returns for yield farmers
Aave Reaches Highest Total Value Locked in DeFi, Overtaking MakerDAO for Most Collateral Staked
Aave, an open-source and non-custodial lending protocol, recently reached $1.47B of crypto assets staked, overtaking MakerDAO, which has $1.45 billion in TVL.
World Economic Forum Recognized Six Blockchain Companies as “Technology Pioneers” in 2020, Including MakerDAO and Chainlink
The World Economic Forum (WEF) has honored six blockchain companies on its list of 100 “early to growth-stage” firms Technology Pioneers for 2020, including MakerDAO and Chainlink.
Is Ethereum 2.0 Ready For the Bull Run?
The initial stage of Ethereum 2.0 is set to start in a few months, with many experts arguing that it may be the catalyst for a huge industry bull run. Adam Cochran, a partner at MetaCartel Ventures DAO, released a blog which outlined why he believes Ethereum 2.0 “could prove to be the largest economic shift in society.” So, is Ethereum 2.0 ready for the bull run?
MakerDAO May Onboard USDC as DAI Collateral Support to Combat Mounting Liquidity Risk
The share plunge of the cryptocurrency market has severely hit MakerDAO, the leader in the decentralized finance (DeFi) ecosystem. Last week its market value fell sharply from 889M to $246M which brought together Maker’s developer community who have recently discussed adding support for Circle’s USDC as collateral to hedge against the liquidity risk.
Can MakerDAO Survive the Coronavirus Pandemic?
The coronavirus pandemic and growing macroeconomic uncertainties have seriously dampened the cryptocurrency market, which Bitcoin once dipped below USD 4000. The “Red Sea” has expanded across the market of decentralized finance (DeFi), where the total value locked (USD) for DeFi market dropped from USD 649m to USD 246m.
"The Wars to Come," Blockchain - A Game Changer for Auditors
Blockchain technology has the potential to upend Audit, Assurance and Control functions —Auditors need to stay attuned to emerging use cases. As Role and skillsets of Auditors will change as new Blockchain-based techniques and procedures emerge.
Block.one Settles with SEC to the Tune of $24 Million
Blacksburg startup Block.one has agreed to pay $24 million (HK$ 188 million) in fines to settle the allegations of unlawfully selling its ICO (initial coin offering) to US investors. The blockchain company had raised several billion dollars between 2017 and 2018 by selling its own digital currency.
The Top Dapps to Consider Using in 2020
DApps are a significant shift from traditional apps, majorly due to the underlying principle of decentralization, which drives the whole lifecycle. While traditional apps are controlled by centralized authority, DApps run on a decentralized blockchain. Now, let’s look at some of the top useful DApps that consumers should consider using.
How Does MakerDAO Stay Compliant on over 400 Global Partnerships?
MakerDao has over 400 global partnerships active throughout the world. So how does Maker manage to remain compliant with users in over 120 separate and specifically financially regulated jurisdictions?
MakerDAO, on the Significance of Multi-Collateral Dai and Dai Savings Rate
In part two of our interview with Gustave Arentoft, Business Development, Dai Speaker, MakerDAO: he shared with us the significance of the launch of multi-collateral DAI and Dai Savings Rate (DSR), as well as his favourite Dapps which integrates DSR.
The Dapp of 2019? How MakerDAO Took Charge of the DeFi Field
The MakerDao project is the contemporary success story for decentralized finance (DeFi). DappRadar has tagged Maker as the most influential Dapp of the year and the driving force behind the entire DeFi ecosystem.
Dai Stablecoin Reaches 100 Million in Debt Ceiling – An All-Time-High
The Dai (DAI) stablecoin reached the protocol’s built-in debt ceiling of 100 million as there has been 100 million Dai tokens minted. The nearly two-year-old stablecoin project had an original debt ceiling of 50 million, which was raised to 100 million in July 2018.
HackerOne User Finds Critical Bug in MakerDAO Upgrade
MakerDAO has fixed a critical bug that could have resulted in a complete loss of funds for all Dai users thanks to HackerOne user lucash-dev.
Ethereum Hit 1 million Daily Transactions since May 2018
As reported by leading Ethereum block explorer Etherscan, Ethereum hit over 1mn daily transactions on 28 June, the first time since May 2018.