ETHDenver, a community-run conference managed by token-holder members in a decentralized autonomous organization (DAO), reached new heights this year; on the first day of the main event, a staffer said there were over 16,000 tickets to be checked in – a sellout. The event had 600 staffers, Paller said. Source
The governance token of MakerDAO, MKR, topped gains last week, trackers on Mar. 5 show. MakerDAO leads weekly gains MKR roared roughly 27% in seven days ending Mar. 5, pushing its market cap to over $942m. At this level, MKR outperforms the broader crypto market, including bitcoin (BTC) and ethereum (ETH). Top weekly performers: CoinMarketCap As an illustration, BTC and ETH are down 4.5% and 3.5%, respectively, in the past week of trading. As of writing, MKR is changing hands at $963, up about 9 percent in the past 24…
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Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold buyer, adding 23 tons to its central bank’s stash, while the People’s Bank of China also purchased 15 tons of gold. Central Bank Gold Purchases Remain Steady Despite Potential Challenges in 2023 At the time of writing, a troy ounce of fine .999 gold is $1,857.50 per unit, up…
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Polygon ID developers have released four new tools for their decentralized identity infrastructure. In a tweet on Mar. 5, Polygon said these tools would allow for building a more equitable internet with identity at the center. Polygon ID uses zero-knowledge (ZK) proofs, allowing users to verify their identity trustlessly without revealing their personal information. This system is anchored on anon3, a protocol through which users can trustlessly prove their access rights without divulging their information. Under the hood, the Polygon ID framework comprises the Identity Holder, Issuer, and Verifier, forming what they describe…
Cryptocurrency exchange Binance is recommending the use of peer-to-peer (P2P) services following restrictions imposed by the National Bank of Ukraine (NBU). Ukraine temporarily suspended hryvnia, its national currency, via banking cards for fiat deposits and withdrawals on crypto exchanges. Binance recommends using P2P services Binance and the leading Ukrainian exchange, Kuna, announced temporary suspensions of operations with bank cards in Ukrainian hryvnia. Both platforms reported problems with such transactions. Binance advised traders to use its P2P marketplace instead in a notice on Telegram on March 2. “Currently, fiat channels, namely input and withdrawal…
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The U.S. attorney for the Southern District of New York (SDNY), Damian Williams, and the Department of Justice (DOJ) are requesting “proposed modifications” to the bail conditions of former FTX CEO, Sam Bankman-Fried. The SDNY prosecutor is asking the court to prohibit Bankman-Fried from using a smartphone with an internet connection. Instead, the disgraced FTX co-founder would receive a government-issued flip phone with disabled internet capabilities. Bankman-Fried May Get a Flip Phone With Strings Attached On March 3, 2023, the DOJ and SDNY attorney Damian Williams filed a request with…
Crypto exchange Binance sought to hire Gary Gensler as an advisor before he became chairman of the United States Securities and Exchange Commission (SEC), according to a Wall Street Journal report based on messages and documents from 2018 and 2020, as well as interviews with former employees. Gensler was approached by the crypto firm while teaching at the Massachusetts Institute of Technology (MIT) in 2018 and 2019. During that tim, he was a former Commodity Futures Trading Commission chair as well. Messages from Binance’s executives seen by the newspaper indicate…