Category: Latest news

[ad_1] Ever since the concept of decentralized finance (DeFi) came to the forefront of the crypto space back in 2020, critics (including me) have noted that much of this sector is decentralized in name only. One of the key areas of centralization is found with the various stablecoins that make up a large portion of…

[ad_1] MakerDAO’s (MKR) Endgame proposal was overwhelmingly passed by the community, with around 80% of the votes in support. The endgame proposal The proposal was submitted by MakerDAO founder Rune Christensen and focused on breaking the decentralized protocol into smaller units called MetaDAOs which would be more decentralized. With over $8 billion in assets in…

[ad_1] UK lawmakers in the House of Commons have voted to recognize crypto as a regulated financial instrument in the country. The proposal, which was introduced by Parliamentarian Andrew Griffith, received the lower house’s approval after the second reading on Oct. 25. Griffith’s proposal seeks to include crypto assets as part of services to be…

[ad_1] Solend (SLND) founder 0xrooter has described FTX founder Sam Bankman-Fried as a “profit maxi” who wants to “profit at all costs.” SBF is a profit maxi: profit at all costs — 🙏🚫 Rooter (hiring!) (@0xrooter) October 24, 2022 According to Rooter, a company’s action reflects its founder’s personality. While he has never had any…

[ad_1] Leading electric car company Tesla said it limited its Bitcoin losses to about $106 million, despite the high volatility that rocked the crypto market, as per theStreet. Back in February 2021, Tesla CEO Elon Musk announced that the company had purchased over 43,200 BTC for $1.5 billion. By the end of June 2022, the…

[ad_1] Peter McCormack and Coinmetrics co-founder Nic Carter argued that the “White House is wrong about Bitcoin mining” during the latest episode of WhatBitcoinDid. The report in question was one of several commissioned by President Biden via an Executive Order in March. Carter claimed that the White House reached out to him for comment on…

[ad_1] Klaytn network’s KLAY is up more than 30% to $0.2055, making it one of the best-performing digital assets this week, according to CryptoSlate data. Proposal to reduce block rewards Klaytn Governance Council (GC)has approved a proposal to reduce the network’s block rewards because of the current market situation. GC Proposal Vote Results: PASS 👥 26…

[ad_1] Former U.K. Chancellor, the crypto-friendly Rishi Sunak, has been appointed Prime Minister following a short leadership campaign. Under the leadership campaign rules, each prospective candidate must obtain at least 100 nominations from Members of Parliament (MP) to advance to the next phase – a nationwide ballot of party members. However, Sunak’s remaining rival, Penny…

[ad_1] A joint report by X-explore and WuBlockchain has revealed that the recent API bot attack on FTX and 3Commas had further reaching implications than first believed. The attack on FTX, which happened Oct. 21, utilized 3Commas technology and a phishing scam to take control of several users’ API keys. API Key Phishing scam exploits…

[ad_1] The MakerDAO community has approved a proposal by Coinbase to custody up to $1.6 billion USDC with the Prime reward program. Earlier on Sept. 6, Coinbase submitted a governance proposal seeking to onboard 33% of MarkerDAO’s USDC holdings to the Coinbase Institutional Rewards program. After due consideration by the MakerDAO governance forum, Coinbase’s proposal…