Decentralized governance-focused crypto project the Aragon Association considered selling itself in June. The deliberations came after months of pressure from activist investors who have eyed Aragon’s $180 million treasury. The Aragon Association, one of the biggest crypto projects building tools to support decentralized governance, is trying to get out of its own governance pickle. After … Read more
Aave token holders started voting today for two governance proposals in response to the systemic liquidation risk posed by Curve founder Michael Egorov’s large borrowing position on the lending protocol. Authored by on-chain risk management platform Chaos Labs, the two proposals aim to disable the borrowing of CRV – the native governance token for stablecoin … Read more
Coinbase Ventures – the investment branch of the biggest publicly traded U.S. crypto exchange – expanded its relationship with RocketPool by announcing today its purchase of the liquid staking network’s native token RPL. RPL, which provides direct incentives, insurance and governance for the Rocket Pool ecosystem, has jumped more than 9% in the past 24 … Read more
332 million SAND tokens will be unlocked Monday, worth $133 million. SAND’s 24-hour trading volume at press time stands at $74.9 million, per CoinGecko. 60 million SAND tokens were transferred out of the multisig Sandbox Genesis smart contract one week ago, according to block explorer Etherscan, a sign that the unlock had already begun. Metaverse … Read more
The launch of PayPal’s (PYPL) stablecoin PayPal USD (PYUSD) will drive payments efficiencies and an improved customer experience, but adoption of the cryptocurrency is unlikely to be significant in the near term, Bank of America said in a research report on Thursday. “Over the longer term, we expect PYUSD to experience additional adoption headwinds as … Read more
Prime Trust, the beleaguered crypto custodian recently ordered to cease operations, looks poised to do potentially massive layoffs, according to former employees. Some have heard up to 75% of jobs could be eliminated. The sources, who requested anonymity, cited what they’ve heard from inside the company. Prime Trust didn’t immediately respond to CoinDesk’s request for … Read more
Paying fees for transactions on the Ethereum blockchain is too complicated for most people. That’s the belief of credit-card giant Visa (V). It has completed testing a new way to allow users to pay the fees, known as “gas fees,” in fiat currency with their credit card, the company wrote in a blog post on … Read more
The verbal battle between the Winklevoss twins’ Gemini crypto exchange and Digital Currency Group, the crypto conglomerate that had helped power a now-frozen Gemini lending service, continued Friday, a day after DCG sought to dismiss a fraud lawsuit. On Thursday, DCG argued that Gemini’s fraud accusations over the Gemini Earn service should be tossed out, … Read more