Vitalik Buterin wrote that supporting DAOs with transferable governance tokens is contradictory and enables the power-hungry. The governance discussion intensifies as decentralized autonomous organizations (DAOs) become more popular in the blockchain space. The dilemma between giving power to a specific few and the freedom to voluntarily delegate decision power was highlighted in a Twitter thread...Continue Reading

Bitcoin price performance is taking in increasingly higher resistance levels as July gains could top 20%. Bitcoin (BTC) delivered a swift six-week high into July 29 as the aftermath of the latest macro developments boosted risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Monthly close could seal 20% gains Data from Cointelegraph Markets Pro...Continue Reading

A crypto-friendly legislator believes the Commission’s regulation-by-enforcement approach to be ineffective. According to Senator Pat Tomey, famous for his vocal support for the crypto industry, the United States Securities and Exchange Commission (SEC) could have prevented the loss of $12 billion in assets by investors who trusted Celsius, a crypto lending platform, that froze their...Continue Reading

Singapore’s Second Minister for Law believes an integrated platform using the Metaverse will make the dispute resolution process more convenient and efficient. Legal marriage proceedings, court case disputes, and government services may one day be offered on the Metaverse, according to a Singaporean government minister.  Speaking at the TechLaw Fest 2022 on July 20, Singapore’s...Continue Reading

The June 15 vote took place for verified NFTs hodlers via a temporary Discord channel. Professional English soccer team Crawley Town F.C. have followed through on a community vote by fans and NFT holders who were recently given a voice on what type of player the team should recruit next. The vote, which took place...Continue Reading

The new shop entertained about 400 crypto-curious guests on opening day, and hopes to host even more as other stores are opened across the U.S. and the rest of the world. Solana Spaces CEO Vibhu Norby said the new physical Solana stores will introduce up to 100,000 people per month to the Solana ecosystem, while...Continue Reading

It is not the first time Celsius’ customer emails have been exploited and leaked online. Celsius depositors should be on the lookout for phishing scams after the company revealed some of its customer data has been leaked in a third-party data breach.  On July 26, Celsius sent an email to its customers informing them that...Continue Reading

The Fed and FDIC allege that Voyager “made various representations online” that its funds were FDIC insured. Cypto lender Voyager Digital has been directed to remove “false and misleading” statements that its user’s deposit accounts are FDIC insured. In a joint letter written on July 28 by Seth Rosebrockfrom & Jason Gonzalez, Assistant General Counsel...Continue Reading

The $3.5 million flash loan attack Solana-based Nirvana Finance saw the price of its stablecoin NIRV and native token ANA fall around 85% apiece. Solana-based algorithmic stablecoin NIRV has become the latest stablecoin to fail, after dropping 85% from its dollar peg following a hack on adaptive yield protocol Nirvana Finance on Wednesday. The flash...Continue Reading

BTC price surged above a key resistance cluster, but its market structure and technical analysis suggest the move is just another trap. Bitcoin (BTC) price rallied toward $24,200 on July 28 after a near 10.5% surge that began a day earlier. The gains appeared after Federal Reserve Chairman Jerome Powell signaled intentions to slow down...Continue Reading