In brief A DAO, or decentralized autonomous organization, is a business structure where control is spread out rather than hierarchical. DAOs are organized using smart contracts, with participants using governance tokens to vote on topics such as fund allocation. Decentralized autonomous organizations, or DAOs, have no company HQ, replace traditional hierarchies with flat management structures, are governed by crypto holders,…
Stablecoin issuer Tether minted a fresh batch of $1 billion worth of USDT (USDT) on the Ethereum blockchain on June 12. The latest billion-dollar mint for the stablecoin issuer comes within two months of its last mint on April 21. Tether CTO Paolo Ardoino took to Twitter to clarify that the latest USDT mint is part of what the firm calls…
Should a major cryptocurrency exchange operating in the U.S. stop servicing its clients due to regulatory pressures, the crypto industry will eventually find a way around, according to Blockstream CEO Adam Back. “The system is antifragile,” Back told Decrypt during the recent BTC Prague conference. “Something is a problem? They’ll do something else or create an economic incentive for somebody.…
The Bitcoin (BTC) community in Europe continues to be a voice to combat vexing social problems affecting the continent, according to podcast host Eric Dale. The CEO of Northern Lightning conferences, which hosts a number of Bitcoin events across Europe, believes the continent’s Bitcoin community is fostering ideals that will be crucial to address ongoing conflict situations and social issues.…
DeFi lending protocol Sturdy Finance has been hit by an exploit that drained 442 ETH (worth around $768,800) from the platform. The exploit was highlighted by blockchain security firms like PeckShield and BlockSec; the Sturdy Finance team acknowledged the hack and paused activity on the DeFi platform as they investigated the issue. The protocol enables borrowing against liquidity provider (LP)…
Throughout recent years the world of crypto has been subject to as much scrutiny and volatility as it has innovation and growth. A big component of the resilience of the industry has been the community that stands in support of the technology and its utility to transform digital finance. One of the most prominent crypto communities in the space is…
Bitcoin (BTC) starts a “massive” week in a precarious position as key support stays out of reach for bulls. After fresh losses across crypto markets over the weekend, BTC/USD closed the week below $26,000 for the first time in three months. Both Bitcoin and altcoins continue to struggle thanks to legal battles raging in the United States and their impact…
United States senator Cynthia Lummis said that the “fight is far from over” as she re-dedicated herself to pushing for a positive regulatory framework for crypto over the weekend. The Republican, from Wyoming, reassured followers on Twitter that she is still working on proposed regulation, a revamped version of which had been expected to circulate in April. Referencing the removal…
Data analytics platforms have reported billions of dollars in outflows from Binance over the last week, but this can be misinterpreted, argues Changpeng Zhao. Source: https://cointelegraph.com/app/public/index.php/news/binance-ceo-changpeng-zhao-address-billions-exchange-outflows
Cardano (ADA) bounced modestly after losing nearly 30% of its valuation in the previous week, its worst seven-day performance since May 2021, when the Terra collapse sparked a cryotocurrency market crash. Nonetheless, ADA looks ready to undergo a sharp recovery in the coming months, based on technical analysis. ADA price up 30% from six-month lows On June 12, ADA price…
