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” MakerDAO co-founder recommends DAI-USD depegging to limit attack surface “ In light of the recent discussions around depegging its native token from USD Coin (USDC) amid sanctioning of Tornado Cash, MakerDAO co-founder Rune Christensen reached out to the community explaining why free-floating DAI may be the only choice for the decentralized autonomous organization (DAO)….
” GameFi investors are now prioritizing fun factor over money: Survey “ GameFi, the fusion of gaming and decentralized finance (DeFi), attracts a set of investors that tend to choose projects based on their use case rather than money-generating potential. The GameFi ecosystem attracts GenZ investors and gaming enthusiasts. As a result, it stands as…
” Coinbase says it will ‘evaluate any potential forks’ following the Merge “ Cryptocurrency exchange Coinbase has updated its information related to Ethereum transitioning to proof-of-stake to include forks that could arise. In a Thursday update to an Aug. 16 blog post, Coinbase said it would evaluate any potential forks in the Ethereum blockchain on…
” Crypto Biz: Step aside, Warren Buffett; stablecoin issuers hold more US debt than Berkshire Hathaway “ Warren Buffett raised eyebrows this week when his firm, Berkshire Hathaway, upped its exposure to United States Treasury bills. If you’re one of the few remaining bulls out there, Buffett’s flight to safety is concerning because it signals…
” 3AC’s Zhu was in Bangkok, disputed liquidator’s court filing in Singapore: Report “ According to a document seen by Bloomberg, Zhu delivered the affidavit in person on Aug. 19. In it, Zhu states that Teneo “had not provided an entirely complete or accurate version of events” to the Singapore court, which granted Teneo’s request…
” Celsius bankruptcy proceedings show complexities amid declining hope of recovery “ The Celsius Network is one of many crypto lending firms that has been swept up in the wake of the so-called “crypto contagion.” Rumors of Celsius’ insolvency began circulating in June after the crypto lender was forced to halt withdrawals due to “extreme…
” Don’t trust your coins to anyone, Ledger CEO warns “ The rise of decentralized services and hardware security wallets means that we no longer need to rely on intermediaries to manage our financial assets and data, according to CEO Pascal Gauthier of hardware wallet Ledger, who has urged people to take on more responsibility….
” Alameda Research and FTX merge VC operations: Report “ The investment arm of Sam Bankman-Fried’s cryptocurrency exchange, FTX, has reportedly absorbed the venture capital operations of Alameda Research in response to the ongoing crypto bear market. According to a Thursday Bloomberg report, Alameda’s Caroline Ellison said in an interview that the merger had happened prior…
” Japan considers implementing tax reforms to prevent capital flight of crypto startups “ According to local news outlet Yomiuri, Japan’s Financial Services Agency is considering amending the virtual currency taxation system for corporate entities ahead of the country’s 2023 tax reform. The proposed change includes removing capital gain liabilities for undisposed corporate crypto assets…
” Polygon founder Sandeep Nailwal raises $50M for Web3 fund “ Cryptocurrency entrepreneur and Polygon founder Sandeep Nailwal has raised $50 million for a new startup fund dedicated to Web3 companies, underscoring venture capital’s growing interest in the blockchain-powered internet. Nailwal’s venture firm, Symbolic Capital, is backed by cryptocurrency protocols, exchanges, crypto-focused auditing firms and…