DAO

Balaji Srinivasan has suggested Decentralized Autonomous Organizations (DAOs) on the Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) blockchains as viable alternatives for companies considering incorporation, following Elon Musk’s legal challenges in Delaware. What Happened: This comes as...

Liquid staking protocol Lido (CRYPTO: LDO) on Monday announced that the platform's Total Value Locked (TVL) surpassed $20 billion for the first time since April 2022, and the number of first-time ETH stakers on Lido exceeded 200,000 in November. However, this rapid growth has sparked...

Brave New Coin (BNC), a data and research company focused on the blockchain and cryptographic assets industry, disclosed its partnership with the decentralized oracle network Gora.io to power its smart contracts utilizing the latter's AI-ready complex computation. The goal of the...

France's premier financial market authority, the Autorité des Marchés Financiers (AMF), has voiced its support for internationally harmonized regulations governing decentralized finance (DeFi). In a discussion paper, the AMF revealed its initial conclusions regarding the...

An intriguing move was made by a wallet believed to be owned by Michael Egorov, the creator of Curve Finance, with the wallet deposited an eye-popping 38 million Curve DAO (CRYPTO: CRV) tokens, valued at around $24 million, into Aave (CRYPTO: AAVE), a decentralized lending platform. On-chain...

Japan's governing Liberal Democratic Party's Web3 project team released a white paper outlining recommendations for expanding the nation's Web3 industry, which has become a key part of national strategy under Prime Minister Fumio Kishida's leadership. As other countries focus...

UNICEF, the United Nations' children's relief and humanitarian aid organization, is exploring the development of a decentralized autonomous organization (DAO) concept. "We are in the process of creating a DAO prototype to ensure equitable distribution of power and communication in the...

The U.S. Securities and Exchange Commission (SEC) announced a lawsuit Wednesday against Tron founder Justin Sun on fraud charges. Additionally, the SEC brought forth civil charges against eight celebrities who helped Sun promote the coin, including YouTuber-turned-boxer Jake Paul, actress...

The Arbitrum Foundation, which is the major player in Ethereum's (CRYPTO: ETH) Layer 2 scaling landscape, announced the launch of a new token called ARB (CRYPTO: ARB). This token will be distributed to community members via an airdrop on March 23, marking the official transition of...

Euler Finance, a lending protocol that facilitates crypto lending and borrowing, has suffered a flash-loan attack resulting in a loss of $197 million, according to security firms BlockSec and PeckShield. Quoting the blockchain security firms, The Block reported that the attack took place at 4:50 am...

The emirate of Ras Al Khaimah in the United Arab Emirates (UAE) is launching a free zone exclusively for digital and virtual asset companies called the RAK Digital Assets Oasis (RAK DAO). What Happened: The zone is designed to support emerging technologies such as blockchain, the...

Den, a multi-signature wallet provider for teams on Wednesday announced that it has closed an oversubscribed $2.8 million seed round, led by IDEO CoLab Ventures, with participation from Web3 leaders like Balaji Srinivasan, Packy McCormick, and Gnosis. The company's application automates...

Decentralized cryptocurrency trading platform Uniswap is putting to vote a number of governance modifications it says will simplify voting in the so-called "decentralized autonomous organization." According to Devin Walsh, executive director of the Uniswap Foundation, members of the...

One of the most recognizable NFT collections of the last year are Pudgy Penguins. A transaction in April 2022 saw ownership of Pudgy Penguins change hands, with entrepreneur Luca Schnetzler (aka Luca Netz) taking control of the project. Netz will be speaking at Benzinga’s Future of Crypto...

The decentralized autonomous organization (DAO) MakerDAO, which is behind the stablecoin Dai (CRYPTO: DAI), has set aside $500 million to invest in corporate and U.S. Treasury bonds. The money will come from its overcollateralized stablecoin, with 80% going to investment-grade corporate bonds and...