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press release PRESS RELEASE. Every year, natural disasters like earthquakes, hurricanes, and floods hit countries around the world, severely damaging local infrastructure and homes and causing casualties. Individuals and communities in the catastrophe-hit areas suffer a heavy loss and need help from the outside badly. For years, numerous public welfare
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MakerDAO, the decentralized autonomous organization that governs the Dai (DAI) stablecoin, has passed a new proposed “constitution” intended to formalize governance processes and help prevent hostile actors from taking over the protocol, according to the official forum page for the proposal.The Maker Constitution has been approved by Maker Governance.The Endgame
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Lending protocol and stablecoin issuer MakerDAO passed a proposal on March 16 to increase its portfolio holdings of United States Treasury bonds by 150%, from $500 million to $1.25 billion.The proposal aims to increase the protocol’s exposure to real-world assets and “high-quality bonds,” following its Dai (DAI) stablecoin losing its
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“Article 30, as currently drafted, goes a step too far in addressing the issues raised by immutability,” Thibault Schrepel, an associate professor at VU Amsterdam University, tweeted ahead of the vote. “It endangers smart contracts to an extent that no one can predict.” Original Source
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DYDX token, the native token of the decentralized exchange of the same name, has surged by 26.88% on Monday after a governance vote had been passed to reduce trading rewards by 45%. Original Source
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The Utah State Legislature passed Act HB 357, the Utah Decentralized Autonomous Organizations Act (Utah DAO Act).This new law provides legal recognition and limited liability to DAOs, legally framing them as “Utah LLDs.“ The act resulted from combined efforts between the Digital Innovation Taskforce and the Utah Blockchain Legislature.The Utah
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A tokenized version of the digital real, the Brazilian central bank digital currency (CBDC), has passed a public blockchain pilot test successfully. The test, which was carried out by Mercado Bitcoin, a local exchange, using the Stellar network, shows that the digital real token can be used in public blockchains
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Bitcoin miners have been targeted by environmentalists and U.S. lawmakers for their potential impacts on carbon neutrality goals as well as electrical grids. In the past few months, bitcoin miners have been fighting back, and as many as five bills are going through state legislatures to protect the industry. Source
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A similar burn was earlier conducted by Floki DAO, a Shiba Inu-themed crypto project, earlier in February, as CryptoX reported. Floki burned over $100 million worth of its token and completely dissolved its BNB Chain to Ethereum bridge as part of a broader move towards positioning itself as a serious
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The American state of Mississippi is one step closer to protecting the rights of cryptocurrency miners after the state senate passed the Mississippi Digital Asset Mining Act on Feb. 8. There is a companion bill under consideration in the state house of representatives. The senate bill, authored by state Sen. Josh
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