In a significant development, CZ has decided to step down from his role as Chairman of the Binance.US Board of Directors and transfer his voting rights through a proxy arrangement. This effectively severs his involvement in Binance.US’s governance, leaving him with an exclusively economic interest in the company. In response…
Binance founder and former CEO Changpeng ‘CZ” Zhao is stepping down as chairman of the global exchange’s U.S. affiliate’s board. Binance.US announced in a tweet Tuesday that while it is not a part of last week’s massive multibillion-dollar settlement between Binance and various U.S. regulators and law enforcement entities, Zhao…
Here’s a crypto story full of sound and fury that may actually have a happy ending: Bankless HQ, a media brand, and BanklessDAO, a semi-related entity, are discussing divorce. And it’s the kids’ fault. It’s unlikely the split will be acrimonious; David Hoffman and Adam Sean Adams, the co-creators of…
In a bold move, Cosmos co-founder Jae Kwon has called for a significant shift in the blockchain’s direction following the controversial passing of NWV #848. This proposal was approved by the community’s voting mechanism, earning around 40% of the votes, and it was aimed at changing the blockchain’s native token…
Cosmos founder Jae Kwon faces backlash for considering a blockchain fork following the community approval of pegging ATOM’s maximum inflation rate to 10%. Over the weekend, the Cosmos community approved a contentious proposal that sparked division within the ecosystem. Supporters argued that capping ATOM’s inflation at 10% would prevent overpaying…
Cosmos’ founder Jae Kwon favours splitting the blockchain into two following a decision by the community to reduce Cosmos’ native token ATOM’s inflation to 10%. The hard fork, dubbed AtomOne, could be bullish for ATOM token, according to one observer. ATOM, the native coin of Cosmos Hub, is nursing moderate…
On Nov. 26, Jae Kwon posted an update on the forking of Cosmos Hub to create a new chain called AtomOne. There has been significant disagreement in the Cosmos community over issues like tokenomics, funding, and the Hub’s core purpose. Moreover, the discussion follows the passing of proposal #848, which…
In an interesting line of events, Ethereum-based DeFi project Indexed Finance recently faced and triumphed over a dual hijack attempt of the protocol DAO’s treasury. Following this development, the project’s founders will now re-assume control from the DAO. In a thread on X on Saturday, Laurence Day, a former executive…
Cardano founder and Ethereum co-creator Charles Hoskinson criticized Vitalik Buterin in a tweet on Nov. 25 for not acknowledging Cardano (ADA) for its innovations in staking. Hoskinson’s remarks followed a recent interview, where Buterin discussed the Ethereum roadmap and proposed redesigning Ethereum’s (ETH) staking system to combat issues around centralization.…
Renowned crypto expert and Forbes’ Director of Digital Asset Research, Steven Ehrlich, has provided insights on five prominent cryptocurrencies in the current market landscape. Solana Shakes Off Setbacks, Positioned As Top Crypto To Buy Bitcoin BTC), the most prominent cryptocurrency, has experienced a remarkable 120% surge in 2023. After a…