FTX says creditors supported reorganization plan with 95% vote

FTX chief restructuring officer and CEO John Ray III said the plan promises 100% return plus interest for non-governmental creditors.

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OpenAI pledges to remain a non-profit organization and abandon plans for major restructuring

OpenAI has announced its decision to remain a nonprofit organization, abandoning its previous plans to convert into a for-profit entity. The company, known for its groundbreaking work in artificial intelligence (AI) development, had initially considered transitioning to a commercial model. However, after careful consideration, OpenAI has opted to stay true to its core mission of [...]

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DAO treasuries top $25 billion for the first time: DeepDAO

Decentralized autonomous organization (DAO) treasuries are rapidly growing having just surpassed a major milestone, according to DeepDAO. According to figures from the DAO data platform, on March 31, total assets for all decentralized autonomous organizations reached a record $25.1 billion. The treasury is the total sum of assets the DAO may use at its own [...]

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Wyoming Gov. Mark Gordon Signs Legislation Recognizing DAOs

The Wyoming governor, Mark Gordon, recently signed into law a bill that establishes a legal framework for regulating decentralized autonomous organizations under existing financial laws. The enactment of this law is also viewed as an effort to attract blockchain firms to Wyoming. New Law Reinforces Wyoming Crypto-Friendly Reputation Mark Gordon, the Republican governor of Wyoming, [...]

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Trade Bloc of Former Soviet States Ditches Dollar in 90% of Settlements

Trading within a Russia-led regional organization has effectively moved away from the U.S. dollar, according to the deputy head of the Russian government. The use of national currencies in the bloc’s transactions has reached around 90%, the official pointed out. EAEU Replaces Dollar in Trade With National Currencies, Russian Official Says Trade between member states [...]

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Venezuela Shuts Down Crypto Mining Operations

Venezuela has closed down crypto mining facilities as part of a national crypto department reorganization and corruption investigation into the country's oil company, PDVSA. (Read More)

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Arbitrum’s Governance Token ARB Ranks Within Top 40 Market Capitalizations Following Airdrop

Following the Arbitrum token airdrop, ARB has become a top 40 cryptocurrency as it currently holds the 37th largest market valuation out of more than 23,000 listed digital currencies. Currently, there is a circulating supply of 1,275,000,000 ARB, and the Arbitrum Foundation’s DAO Treasury holds 3.52 million or 35.27% of the airdropped supply. Over the [...]

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Core Scientific moves for September bankruptcy exit, expects $46M boost

Core Scientific said favorable market conditions have increased its liquidity position and its bankruptcy restructuring plan has been revised.

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IOSCO Releases Landmark Policy Recommendations for Crypto and Digital Asset Markets

The International Organization of Securities Commissions (IOSCO), a leading international body of securities regulators, recently published an influential report titled 'Policy Recommendations for Crypto and Digital Asset Markets Consultation Report.' (Read More)

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DCG Fails to Make $630M Payment to Creditors Amid Genesis Negotiations, Says Gemini

In the midst of the financial dispute between crypto exchange Gemini and Digital Currency Group (DCG), Gemini has alleged that DCG failed to make a payment of around $630 million that was due last week. In response, Gemini has stated that it may extend “forbearance” to DCG in order to prevent a default. DCG’s Alleged [...]

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ARB Token Airdrop: Anticipation Spurs IOU Markets for Arbitrum’s Native Cryptocurrency Asset

A week ago, the Ethereum layer two scaling solution Arbitrum announced the launch of its native token called ARB, and since then IOU markets have launched giving some indication of how much the token may be worth. ARB claiming begins March 23 and when people get their coins on exchanges, the token’s value may turn [...]

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Utah Passes Law Recognizing Decentralized Autonomous Organizations

The Utah State Legislature has passed the Utah Decentralized Autonomous Organizations Act, providing legal recognition and limited liability to DAOs, also known as "Utah LLDs". The act defines ownership, protects anonymity, and introduces quality assurance protocols. (Read More)

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LinksDAO likely to put in ‘compelling offer’ to buy Scottish golf course

If the final tally remains in favor of the purchase, the LinksDAO acquisition committee will officially put out a “compelling offer” to purchase the golf course.

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Chuck That CV In The Bin- DAO Is In Town

Decentralization and globalization have been two flagship concepts since the inception of the cryptocurrency age. With these, Decentralized Autonomous Organizations (DAOs) have become commonplace because [...]

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Former FTX US President lashes out at 'insecure' SBF in 49-part Twitter thread rant

Harrison said Bankman-Fried threatened to fire him on the spot and would destroy his professional reputation if he continued to confront the former FTX CEO.

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Marshall Islands Legally Recognize DAOs as Domestic Limited Liability Companies

The Decentralized Autonomous Organizations Act applies both to for-profit and nonprofit DAOs.

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The Future of Internet: Web3 Expected to Grow 41% a Year, Research Reveals

The agenda of decentralization in Web3 aims to bring back power & ownership to the users.

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Israel's chief economist lays out recommendations for crypto regulation

The chief economist said the Supervisor of Financial Service Providers and the Israel Securities Authority should be granted more powers to oversee the industry.

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2023: Key Year for Global Crypto Regulation?

After the collapse of FTX, concern of global regulators to write new rules on crypto market begins to flourish.

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Chain Reorg Explained: An Introduction to Chain Reorganisation in Blockchain Technology

A chain reorg typically occurs when two nodes independently mine a new block simultaneously, mostly due to a congested network.

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