Mango DAO votes on settlement offer with SEC The offering involves the destruction of all MNGO governance tokens of the DAO. Voting ends on Thursday. Mango DAO members support the proposal to destroy the MNGO governance token and pay a hefty fine in a proposed settlement with the US Securities and Exchange Commission. On Monday, … Read more
A version of this article appeared in Us Decentralization Newsletter on 20 August. Sign up Here. GM, Tim Here. Here's what caught my DeFi-eye recently: Ethereum has never been this cheap. The $63 million stablecoin AEUR was hit by a bank blow. Arbitrum DAO wants to solve its voter apathy woes. Ethereum's low fees Ethereum's … Read more
The long-anticipated Bitcoin bull run has run out of steam. However, several factors are likely to turn it around. Bitcoin is in a bit of a funk. Although the price of Bitcoin has increased by almost 40% since the beginning of 2024, this is not the bull run predicted a few months ago. With Bitcoin … Read more
Trump has said he intends to offer Musk a role in government. Tesla CEO Doug responded by joking about MemeCoin. Musk's earlier dose quips that its price has skyrocketed. The Trump-Musk bromance shows no signs of cooling down. Hot on the heels of their heated chat last week, former President Donald Trump now appears ready … Read more
Crypto leaders hope that Kamala Harris will patronize the industry unlike Joe Biden. However, the Democratic Party today unveiled a platform that does not mention Bitcoin or crypto. Will Vice President Kamala Harris Support Crypto If Elected? On Monday, that thought seemed a little less likely — for two reasons. First of all, the Democratic … Read more
US derivatives watchdog wants to ban betting on election results Forecast markets are an important source of data, economists say. A version of this story appeared in Us The Guidance Newsletter on 19th August. Sign up Here. Written by Ben Weiss News Economists are rushing to the defense of prediction markets like Polymarket. That is … Read more
According to Greyscale, Bitcoin is set to hit a new all-time high against the dollar. Those record highs come at the expense of the US economy, the firm's head of research said. Bitcoin is about to earn its reputation as a kind of digital gold — for bad reasons for the US economy. According to … Read more
The Solana-based UXD protocol is being deprecated. UXD is voting to sunset the DAO protocol. The process can take up to two years. Solana-based stablecoin provider with UXD protocol $7.5 million is winding down its operations in consumer deposits and returning unused capital to investors, the project said Announced On Monday. The UXD team blamed … Read more
Compound DAO turns over $25 million after regime attack Experts say digital collectives need to have a professional presence to thrive. Projects are already preparing ways to share revenues. With more than 50,000 decentralized autonomous organizations regulating the crypto industry $20 billionDAOs are now bigger and richer than ever. There's just one major problem — … Read more
Ghana's central bank has conducted a review on the growing use of crypto. It has submitted a draft on how to regulate VASPs. The bank sought feedback from the public and the crypto industry. Issued by the Central Bank of Ghana, a West African nation of 30 million people Draft guidelines For digital assets after … Read more
Crypto exchange Binance has resumed operations in India. It was blocked when it failed to register with India's FIU. Binance has been successfully registered in compliance with AML rules. Binance, the world's largest crypto exchange, has resumed operations in India seven months after it was blocked by local authorities when it failed to register. India … Read more
IMF proposes taxes to increase electricity costs for miners, data centers Higher energy costs drive the industry towards increased efficiency. Cross-border coordination is important for energy taxes, IMF says. Higher energy taxes to increase the cost of electricity used by crypto miners and artificial intelligence data centers will help curb carbon emissions in the future. … Read more