Less than 1% of all holders have 90% of the voting power in DAOs: report
A user must hold between 0.1% and 1% of the outstanding token supply to create a proposal and hold between 1% and 4% to pass it. Decentralized autonomous organizations (DAOs) have become a rage in the ever-expanding crypto ecosystem and …
Catalonia is building its own metaverse, says innovation minister
The government is hoping to make Barcelona a digital hub by offering various skills programs to university students and boot camps to cultivate talent. Catalonian director-general of innovation Daniel Macro discussed some of the key efforts that the government has …
Dogecoin price could rally 20% in July with this bullish reversal pattern
DOGE’s bullish pattern has reached its profit target 79 out of a hundred times in its financial history. Dogecoin (DOGE) looks ready to extend its rebound move despite the current crypto bear market. 79% chances DOGE will extend its rebound …
China’s BSN chair calls Bitcoin Ponzi, stablecoins ‘fine if regulated’
Stablecoins like USDT and USDC would be doing just fine if properly regulated, while Bitcoin is a “Ponzi scheme” in any case, China’s BSN chair told Cointelegraph. Amid the Chinese government continuing to celebrate the massive decline of cryptocurrency markets …
Ethereum liquidity provider XCarnival negotiates return of 50% stolen ETH
According to blockchain investigator Packshield, the hacker used a previously withdrawn pledged NFT from the Bored Ape Yacht Club (BAYC) collection as collateral to drain the assets. XCarnival, a liquidity provider for the Ethereum ecosystem, recovered 1,467 Ether (ETH) just …
Google users think BTC is dead — 5 things to know in Bitcoin this week
Traders brace for fireworks in July thanks to macro triggers while BTC price action is on track for a historic monthly close below the 200-week moving average. Bitcoin (BTC) starts a new week above $20,000 but heading for a new …
‘Smear campaign’: Nexo responds to accusations of stealing donations, siphoning funds from charity
A pseudonymous Twitter account making a series of accusations against Nexo has caused the crypto lender to issue a cease and desist notice. Cryptocurrency lending platform Nexo has hit back at what it called “fake news” and rumors that its …
2022 bear market has been the worst on record — Glassnode
Recent on-chain analysis by Glassnode has shown that the current Bitcoin bear cycle is playing out as the worst one in history. Several factors have contributed to making the current crypto bear market the worst ever recorded as most Bitcoin …
Anonymous vows to bring Do Kwon’s ‘crimes’ to light
“There is no doubt that there are many more crimes to be discovered in your trail of destruction,” hacktivist group Anonymous said on its YouTube channel. Hacktivist group Anonymous has pledged to “make sure” Terra co-founder Do Kwon is “brought …
Harmony offers $1M bounty, but is it big enough?
The Harmony team says it will offer $1 million to the hacker who exploited the Horizon Bridge for $100 million, but that may not be enough to get the funds back. The Harmony layer-1 blockchain project team has offered a …