With the goal of increasing the ARB token’s usefulness and fortifying governance security, the Arbitrum DAO has green-lit a temperature check proposal. After more than 25,000 participants gave the proposal their unanimous 91% approval, on Aug. 15 the onchain voting came to a close. At its heart, the proposal is
Crypto platforms’ vulnerability to scams has been the emphasis over the past few months, with the sector reporting several major incidents since H1 2024. The global crypto sector has taken measures to enhance security in the recent past amid rising scams. Notably, in the last 24 hours, on-chain analyst ZachXBT
The leading liquid staking protocol on Polkadot and Kusama, Bifrost, has revealed a major upgrade to its tokenomics model. As a component of the Bifrost 2.0 initiative, the the new model will provide holders of the native token (BNC) with access to the sustainable revenues and earnings of the protocol. The goal of the
The DeFi Education Fund (DEF) recently settled with True Return Systems LLC (TRS) involving a patent dispute for Decentralized Finance (DeFi) protocols. On Monday, DEF announced that it had purchased a patent from TRS, resolving ongoing lawsuits against MakerDAO and Compound Protocol. The patent, U.S. Patent No. 10,025,797, covers “oracle-like”
MicroStrategy, an American business intelligence firm founded in 1989, took a bold leap by adopting Bitcoin as its primary treasury reserve asset. Michael Saylor, former CEO, and one of the co-founders of MicroStrategy, initiated this decision due to the company’s sluggish stock performance over the past years. However, MicroStrategy’s BTC
A new report from Blockbridge indicates that the miner hashprice, a measure used to assess mining profit margins, has hit an all-time low of $36 petahash per second (PH/s). If the next difficulty recalculation is not modified down, the storage infrastructure business anticipates a bleak picture for miner profitability. The
Tortola, British Virgin Islands, 2nd August 2024, Chainwire
XRP displayed a significant swing on Friday, reflecting the global crypto market’s downturn. After a strong performance in July, where XRP surged over 30% and outpaced Bitcoin, the token has now fallen nearly 14% in just 24 hours. The price dipped from $0.65 to $0.5719, mirroring the recent BTC corrections.
In a dramatic turn of events for the Compound protocol, the price of its native token, COMP, has plummeted over 6%. This decline follows allegations of a governance attack that has thrown the Decentralized Autonomous Organization (DAO) that runs Compound into a mess. A governance attack is a malicious attempt
Bitcoin (BTC) has maintained its momentum above $65K since the start of the week. The asset has climbed to $68K amid a greedy market sentiment. This surge is supported by institutional investors and notable figures who advocate for Bitcoin. Adding on to it, the Bitcoin Conference in Nashville has generated
