Tag: Votes

European Parliament votes against PoW ban, providing huge relief to the crypto industry

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Earlier on Monday, members of the European Parliament’s Committee on Economic and Monetary Affairs voted against a version of the Markets in Crypto Assets, or MiCA, bill that could have effectively banned proof-of-work-based cryptocurrencies within the EU. This comes as a huge relief for the crypto industry, whose representatives had previously warned about the threat of a hardline regulatory scenario.  MiCA is a regulatory framework that contains 126 articles as well as a detailed plan of their implementation by the EU’s and member states’ institutions. The draft was introduced by…

Panther DAO Votes to Launch Private DeFi Protocol End of January – Press release Bitcoin News

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press release PRESS RELEASE. Blockchain history was made earlier this week. Thanks to more than 2,560 DAO votes in a Snapshot proposal, the Panther Protocol was voted to be launched in a private, decentralized manner. This constitutes the very first event of its kind, a feature that sets Panther a step towards its mission to infuse the DeFi ecosystem with native privacy. It is also the very first Private Governance System ever deployed in the crypto industry. Panther’s decentralized, private launch To achieve a fully decentralized, private launch, Panther Protocol’s…

Uniswap Community Votes to Deploy v3 on Polygon, Contract Support Coming in a Few Days – Defi Bitcoin News

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One of the largest decentralized exchange (dex) platforms in terms of trade volume, Uniswap, has announced that the dex community has approved a governance proposal to support the Polygon blockchain. Uniswap to Support Polygon PoS Blockchain In terms of trade volume, statistics show that Uniswap version three (v3) commands the largest 24-hour trade volume with $1.5 billion swapped during the last day. As far as total-value locked (TVL) in defi is concerned, Uniswap has $8.6 billion on December 19, 2021. That’s the second-largest TVL below Curve Finance’s $21.8 billion TVL.…

55% of Aave’s Community Votes for ‘Business License’ to Prevent Forks

A governance proposal floated by the Aave community centered around the platform’s code licensing ended on Tuesday, with 55% voting for the ecosystem to apply for a ‘business license.’ “This vote is essentially a signal on whether or not the Aave community wants to protect its Intellectual Property from unauthorized use, or simply allow anyone to use the code in any way they prefer,” the proposal’s pseudonymous author explained. DeFi-centric funds like Singapore-based DeFiance Capital called it one of the most important proposals in the Aave ecosystem. “This has been…

Gnosis and Snapshot create tool to bind DeFi governance votes on-chain

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Gnosis and Snapshot have collaborated to develop SafeSnap, a product that allows automatically executing successful governance votes on Snapshot. The module, which combines features of Gnosis Safe Multisig and the Snapshot off-chain governance platform, was released on Tuesday. Snapshot is a “governance-as-a-service” provider for a number of decentralized finance projects, including Yearn.finance, SushiSwap, Balancer, Aave, Cream and others. It provides a simple interface to create governance proposals and let users vote on them by connecting their wallets and the governance tokens contained within. The actual voting process is conducted off-chain,…

Senate committee votes unanimously in favor of Yellen as Treasury Secretary

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Janet Yellen, the former Chair of the Federal Reserve, is one step closer to earning the nomination of Treasury Secretary.  The Senate Committee on Finance voted unanimously to approve Yellen’s nomination Friday morning, setting the stage for a full Senate vote. Republican Senator Chuck Grassley said he hoped the GOP’s backing would signal “bipartisan” support under the new Democratic administration. Fellow Republicans said they backed Yellen despite disagreeing on several of her policy stances. The general consensus was that she was exceptionally qualified for the job. Committee members hoped for…

UniSwap Soars 24% as Community Votes to Extend UNI Reward Program

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The cost to purchase one UniSwap (UNI) token surged by almost 24 percent in just two days of trading. UNI/USD reached a five-day high at $4.010 during the early morning session Friday. The upside move appeared after the UniSwap community put forward a governance proposal that would extend their UNI reward program for liquidity providers. The program expired on November 17, coinciding with the UNI/USD’s drop to a weekly low of $3.23 this Thursday. The UniSwap Backdrop In retrospect, UniSwap operates as an automated market maker that arranges liquidity from…

Bitcoin Hits $14.2K after Biden Clinches Swing-State Votes

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Bitcoin surged Wednesday towards its best level in the last three years, led by the prospects of Joe Biden winning the ongoing US presidential election. The Democratic contender won the critical swing state of Wisconsin in the afternoon hours of the US trading session. His lead became critically important after Donald Trump logged a narrow win in other battleground states, including Texas, Florida, and Ohio. So far, the outcome remained uncertain as other crucial states like Georgia, Michigan, and Pennsylvania continued to count votes. The latest readings showed that Mr. Biden…

Nearly 30,000 blockchain votes were recorded in Russian elections — The most ever

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Close to 30,000 votes were recorded on the blockchain during the Russian parliamentary elections in what appears to have been the biggest case of blockchain-based voting yet. The blockchain component of the online voting platform was built by Waves Enterprise. The voting concluded early yesterday, and according to the chief product officer of Waves Enterprise, Artem Kalikhov, everything went off without any hiccups.  He told Cointelegraph that the elections took place on the permissioned network run by Rostelecom. The firm was contracted by Russia’s Central Election Commission, which, in turn, subcontracted…

New Blockchain Patent Presented by US Postal Service as Trump Denies Funding for Mail-In Votes

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In light of the 2020 US presidential elections, Trump admitted to denying funding to the US Postal Service (USPS), despite the mailing service’s proposal on Thursday of a new patent for a blockchain-powered voting system, which would make ballot casting more secure.   Why Did Trump Deny Funding to USPS? President of the United States (POTUS) Donald Trump had been reported by Forbes to have denied USPS’ funding in order to block mail-in voting, sparking rage from Joe Biden’s Democratic Party, who allegedly needs that money sponsoring to keep the post office rolling and the ballots coming.  With all this ongoing, the…