Tag: Votes

It’s a go! Uniswap Foundation becomes reality after 86M votes in favor

boss

The $74 million plan by two former Uniswap Lab executives for a new Uniswap Foundation has just become reality after their proposal received over 99% of the votes from UNI token holders. According to the initial proposal, the foundation aims to streamline Uniswap’s Grant Program (UPG) and reduce friction in the protocol’s governance system.  Former Uniswap Labs executive Devin Walsh, now serving as executive director of UF shared the results in a tweet on Aug. 24, noting that the proposal to create the foundation “passed its final vote!”  Last night…

Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin

boss

According to a new post by Acala Network co-founder Bette Chen, the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin. Acala is a decentralized finance platform built on the Polkadot (DOT) ecosystem. The week prior, the price of aUSD fell to less than $0.01 from its dollar peg after it was discovered that 3.022 billion aUSD had been erroneously minted through a misconfiguration of the iBTC/aUSD liquidity pool, which went live on August 14.  The misconfiguration has since been rectified, and wallet addresses that had…

Number of DAOs increases 8X along with spike in votes and proposals

boss

The total number of decentralized autonomous organizations (DAO), the number of governance proposals put forward, and the number of votes cast, have all seen astounding 8X growth over the past 12 months. Data compiled by Snapshot Labs, shared by Electric Capital Engineer Emre Caliskan in a June 9 tweet, highlighted that DAO numbers have increased by 8.8X, from 700 in May 2021 to 6,000 now. The number of proposals has increased by 8.5X, and the number of total votes have increased by 8.3X over the past 12 months, from 448,000…

Apecoin Community Votes on Keeping APE Token in the Ethereum Ecosystem – Altcoins Bitcoin News

boss

The Apecoin community is in the midst of discussing whether or not the crypto asset should remain within the Ethereum ecosystem. While AIP-41 voting started today, the proposal’s voting process will end on June 8, 2022, at 9 p.m. (ET). Meanwhile, the project’s native token APE has lost 57% against the U.S. dollar in the last 30 days. Apecoin Community Begins Voting on Whether or Not Asset Should Remain Operating on Ethereum This week the Apecoin community is voting on whether or not the native token apecoin (APE) should remain…

DeFi Platform Lido Votes Against Supporting New Terra Blockchain

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Juno Blockchain Community Officially Votes to Revoke Whale’s Tokens

Juno is part of Cosmos, an ecosystem of blockchains that are purpose-built to interoperate, meaning they can easily communicate and recognize some of the same on-chain assets. In February, a few months after the Juno blockchain was introduced, its creators used a familiar tactic – an airdrop, or giveaway, of the chain’s native JUNO token – to attract users from the wider Cosmos community. Source

City of Fort Worth votes in favor of Bitcoin mining program

boss

Fort Worth, Texas has launched a pilot program to mine Bitcoin in partnership with the Texas Blockchain Council. In a Tuesday city council meeting, Fort Worth approved a resolution to start running three Antminer S9 Bitcoin (BTC) miners donated by the Texas Blockchain Council in the city hall building. The pilot program was aimed at recognizing “the exponential growth of the blockchain and cryptocurrency industries” in addition to encouraging Fort Worth to become a tech leader. “This is a very small opportunity for Fort Worth that has big possible returns on investment,”…

EU Parliament Votes on Privacy-Busting Crypto Rules as Industry Rails Against Proposals

The proposals are intended to extend anti-money laundering requirements that apply to conventional payments over 1,000 euros ($1,114) to the crypto sector. They also scrap the floor for crypto payments, so payers and recipients of even the smallest crypto transactions would need to be identified, including for transactions with unhosted wallets. Further measures under discussion could see unregulated crypto exchanges cut off from the conventional financial system. Source

EU Parliament Committee Votes Against Proof-of-Work Ban, Supports Alternative Amendment on Crypto Assets – Regulation Bitcoin News

boss

European Parliament’s economic and monetary affairs committee has voted against banning proof-of-work-based assets for companies in the European Union. An alternative proposal on crypto assets by European Parliament member Stefan Berger receives support instead. Committee Rejects Proof-of-Work Ban The Committee on Economic and Monetary Affairs (ECON) voted on the proposed Markets in Crypto Assets (MiCA) framework Monday. The proposal includes a de-facto ban on proof-of-work, a last-minute addition to the bill. According to Patrick Hansen, head of strategy at Unstoppable Finance, the committee has voted against the proposed proof-of-work (POW)…