A decentralized autonomous organization (DAO) is taking legal action against its founding team after a decision to dissolve its governing body and distribute most of its assets to the holders of their tokens. On Nov. 2, the team behind Aragon announced that it would be dissolving the Aragon Association. The group said it’s deploying the organization’s treasury so that holders of…
Month: November 2023
OpenAI seeks to diffuse internal tensions after Altman departure: Report
OpenAI executives are trying to smooth out internal discord after the abrupt termination of former CEO and co-founder Sam Altman and others through “intense discussions,” according to a Bloomberg report. An internal memo from OpenAI vice president of global affairs Anna Makanju, as seen on Nov. 20 by Bloomberg, said top management is trying to unify the staff, currently in…
Tether’s bank partner Britannia sued over $1B deposit — Report
Tether’s bank partner Britannia Financial is reportedly facing a lawsuit over claims it failed to pay the full price of revenue-generating assets allegedly related to a large deposit from Tether. Arbitral International, a company registered in the British Virgin Islands, has sued Britannia over a $1 billion deposit from Tether, the Financial Times reported on Nov. 21, citing court documents…
Centralized vs. decentralized orders matching on DEXs
In the rapidly evolving realm of DeFi, decentralized exchanges (DEXs) stand as a cornerstone, enabling seamless transactions in a trustless environment. At the heart of these exchanges lies the mechanism of order matching, a crucial process that pairs buyers with sellers, facilitating the exchange of assets. Traditionally (on order book-based exchanges), order matching has been centralized, with a single entity…
Bitcoin stalls below $38K as analysis hints ‘Notorious B.I.D.’ is back
Bitcoin whale entities are bringing back the status quo from Bitcoin’s Q1 breakout, with the BTC price battleground now clearly defined. Source: https://cointelegraph.com/public/index.php/news/bitcoin-stalls-below-38k-analysis-notorious-b-i-d
Binance $3.9B USDT move gains community attention amid DoJ settlement claims
Crypto community members on X (formerly Twitter) have turned their focus onto a $3.9 billion Tether (USDT) transaction between Binance wallets that surfaced on social media, following reports claiming that the United States Justice Department is negotiating a $4 billion settlement with the company. On Nov. 20, a Bloomberg report citing anonymous sources said that the Justice Department is negotiating…
Kraken Co-Founder Jesse Powell: SEC ‘USA’s Top Decel’
Kraken co-founder Jesse Powell has come out swinging after the U.S. Securities and Exchange Commission filed charges against the exchange, dubbing the regulator the “USA’s top decel.” In a tweet, Powell argued that the SEC is “back with another assault on America,” accusing it of “shopping for a different flavor of RegDom in CA” after suffering legal “beatings” in New…
CZ, Buterin, Dorsey top crypto social media popularity charts as SBF clings to 10th place
A mix of highly influential and controversial entrepreneurs make up the latest list of the ten most popular crypto entrepreneurs based on their social media presence, with Binance CEO Changpeng ‘CZ’ Zhao leading the pack in first place and convicted fraudster Sam Bankman-Fried trailing The top 10 list was compiled by CoinLedger after shortlisting CryptoWeekly’s 30 most influential people in cryptocurrency in…
Bitcoin stalls below $38K as analysis hints ‘Notorious B.I.D.’ is back
Bitcoin (BTC) sought to rematch 18-month highs into Nov. 21 as order book activity gave one analyst a sense of deja-vu. BTC/USD 4-hour chart. Source: TradingView Whale games conjure Bitcoin’s Q1 2023 Data from Cointelegraph Markets Pro and TradingView showed BTC price momentum building to top out at $37,770 the day prior. Now circling $37,400, Bitcoin remained in a range, which…
OpenAI In ‘Intense Discussions’ to Prevent Staff Exodus: Report
Artificial intelligence firm OpenAI faces “intense discussions” to steady its ship, after employees threatened to quit if it failed to reinstate ousted CEO Sam Altman. According to Bloomberg, an internal memo from OpenAI’s vice president of global affairs Anna Makanju described the firm as being in “intense discussions” to unify the company, with management in discussions with the board, Altman and…