Day: January 7, 2022

Grayscale Removes Bancor (BNT) And Universal Market Access (UMA) From Its DeFi Fund

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The Grayscale Investment manager undertakes another phase of balancing its Grayscale DeFi fund. This round of rebalance inculcate the adjustment of the project’s Digital Large Cap Funds. This move marks its second balancing process after its launch in July 2021. An announcement on January 3 revealed the in-depth adjustments to Grayscale’s two funds. The first rebalancing employed the Flexa payment network’s native collateral coin. Related Reading | Could Kazakhstan Turmoil Cause Another Bitcoin Hash Crash? Hence, Grayscale DeFi Fund’s weighting was rebalanced with the addition of AMP. Conversely, the rebalancing process…

Terra expanding UST and LUNA, and Aave Arc seeks institutional adoption, Dec. 31–Jan. 7

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Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. The new year is upon us, and the expectations for DeFi innovation, utility and mainstream adoption are greater than ever. Read on to hear about the inaugural stories of 2022. Reading this article, you’re only receiving a portion of the content from our DeFi newsletter. Drop your email below for the full copy. Terra Research proposes new utility for TerraUSD and LUNA Decentralized algorithmic stablecoin issuer Terra published an ambitious proposal via its research team this week to expand the…

UK lawmakers form crypto advocacy group for parliament: Report

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Lisa Cameron, a member of parliament for the United Kingdom’s House of Commons, is reportedly chairing a lobbying group aimed at promoting crypto-related legislation in government. According to a Friday report from the Financial Times, members of parliament, as well as members of the House of Lords in the United Kingdom, launched the Crypto and Digital Assets Group to ensure rules for the crypto industry in the U.K. “support innovation” as of last week. The cross-party group aims to protect investors from financial crimes, including token scams or offerings from regulated…

Pantera Adds $46M in Investments to Bitcoin Feeder Fund

Pantera’s Bitcoin Feeder Fund now has $63.7 million in funding from 153 investors, up from $18 million from 56 backers a year ago, according to a new regulatory filing.  Founded in 2019, the Bitcoin Feeder Fund lets investors make indirect investments in the firm’s main Bitcoin Fund, according to an explanatory memorandum. The Bitcoin Fund is a passive tracker of bitcoin that offers investors daily liquidity. Last September, Pantera raised $369 million for a new blockchain fund. Two months later, The Information reported that Pantera was raising $600 million for…

¿Están las DAOs realmente descentralizadas?

El 2021 fue el año de la organización autónoma descentralizada, conocida como DAO por sus siglas en inglés. Proyectos como PleasrDAO, Friends With Benefits y ConstitutionDAO mostraron el potencial de la acción colectiva y la gobernanza. Las DAOs son estructuras jurídicas novedosas con un gran futuro. No obstante, cómo funcionarán en la práctica es una gran incógnita para mí. Read this article in English. Las organizaciones autónomas descentralizadas son, en términos muy básicos, comunidades representadas por reglas codificadas como un programa informático que es transparente, controlado por sus miembros y…

Is a DAO + LLC Still a DAO?

2021 was the year of the decentralized autonomous organization, or DAO. Projects like PleasrDAO, Friends With Benefits and ConstitutionDAO showed the potential for collective action and governance. DAOs are novel legal structures with a big future. But how will they work in practice? I have my doubts. Decentralized autonomous organizations are, in very basic terms, communities represented by rules encoded as a computer program that is transparent, controlled by its members and not influenced by a central authority. And even though they seemed to have been fatally injured after The…

NYC Mayor Undeterred by Falling Bitcoin Price, Says Buying the Dip Could Yield ‘Good Profit’ – Markets and Prices Bitcoin News

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The mayor of New York City, Eric Adams, is not deterred by bitcoin’s volatility, noting that buying the dip could yield “a good profit.” He reiterated that he will receive his first three paychecks in bitcoin and will make New York City the center of blockchain technology. New York Mayor Hints at Buying the Dip The mayor of New York City, Eric Adams, is undeterred by the falling price of bitcoin. A former New York City police captain and Brooklyn borough president, Adams took office on Jan. 1 as the…

ImmuneFi report $10B in DeFi hacks and losses across 2021

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Decentralized finance, or DeFi, security platform and bug bounty service ImmuneFi published an official report on Thursday which calculated the total volume of losses in the cryptocurrency markets in 2021. According to its report, the company found that losses resulting from hacks, scams and other malicious activities exceeded $10.2 billion dollars over the past year. Responsible for protecting over $100 billion worth of assets for a number of well-established DeFi protocols, including Synthetix, Chainlink, SushiSwap and PancakeSwap, among others, ImmuneFi has regularly facilitating seven-figure pay-outs to whitehat hackers and other…

A16z Publishes Web 3 Policy Proposal for World Leaders

If you’re a world leader hoping to transform your country into a global Web 3 hub, Andreessen Horowitz wants to show you the way. On Friday, the venture capital firm – often called a16z for short – released a policy agenda aimed at global governments with 10 guiding principles on how to “build a better internet.” In the agenda, a16z encourages world leaders to think proactively about Web 3 policy, starting by establishing a clear vision, providing clear and fair tax rules as they apply to digital assets, embracing multi-stakeholder…