Cryptocurrency Analysis and News Portal
The governance tokenholders of Tornado Cash will soon regain control over the protocol’s operations, thanks to an unexpected proposal put forward by the attacker. This development allows the community to regain authority and steer the protocol toward recovery and improved security measures.On May 26, the proposal to restore control to
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied David Schwartz, XRPL architect, and current Ripple CTO, has revealed new information on the XRP Ledger’s governance, emphasizing its decentralized nature. XRPL’s decentralization questioned A recent claim surfaced during the debate on the XRP Ledger decentralization, bringing concerns
Read More
OpenAI, the parent company of the artificial intelligence chatbot ChatGPT, has launched an initiative to bring more democratic input to AI development. In the official announcement on May 25, the company said it is preparing to award 10 grants worth $100,000 each toward experiments in setting up a “proof-of-concept,” democratic process
Read More
“The new interest rate strategies applied to those assets respect the interface of Aave v2 Ethereum, but not v2 Polygon, so when the LendingPool queries the strategy for the current rate, this call reverts, and so does the action “wrapping” it (e.g. deposit, borrow, etc),” the firm added. Source
Read More
Just a day after an attacker sparked community-wide panic after hijacking the Tornado Cash governance, a new proposal hints at the possible restoration of the state of governance.On May 21, the passing of a malicious proposal allowed an attacker to gain complete control over Tornado Cash’s governance. With total control
Read More
Adding to the existing roadblocks of the decentralized crypto mixer Tornado Cash, an attacker managed to gain full control of the governance through a malicious proposal. On May 20 at 3:25 ET, an attacker successfully granted 1.2 million votes to a malicious proposal. Given that the proposal received more than 700,000
Read More
For more than an hour, members peppered the lawyer, who identified himself as Dali from the tech law firm Sparring, with questions about HIP 40, a proposal to wrap Hector Network within an offshore corporate structure that includes directors, supervisors and a management board. In other words: an organization with
Read More
Many of the most well-known crypto firms are not adhering to basic governance standards, the findings of a Bloomberg survey have shown. Only 31 out of the 60 polled firms “currently procure a full financial audit or reserve attestations from an independent auditor.” Industry participants have said many crypto firms
Read More
The new governance token will have a larger supply than MKR, with a 1200:1 exchange rate to MKR. It will also give access to Maker’s AI-assisted governance tools, allowing token holders to “easily summarize and verify governance rules and processes, or generate new aligned governance proposals,” the proposal said. Source
Read More
A DAO, or decentralized autonomous organization, is a method of governance in which crypto investors vote over how a project is run. Aragon builds tools to help other DAOs operate and is itself partially governed by a DAO. This week it began moving its multi-million dollar treasury toward community control,
Read More