Decentralized Autonomous Organizations (DAOs) have garnered significant attention as innovative blockchain-based communities designed to achieve common goals. However, the UK Law Commission’s scoping paper raises critical questions about the legal characterization of DAOs within the country. The Commission’s central thesis revolves around the lack of consensus on what exactly constitutes a DAO and how it
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Recent reports have highlighted significant exceptions granted by the US Securities and Exchange Commission (SEC) to certain financial institutions affected by Staff Accounting Bulletin No. 121 (SAB 121). These exceptions have sparked discussions within the industry regarding the implications for crypto accounting compliance and the broader landscape of the crypto industry. The SEC’s decision to
Anomaly Games has recently announced their partnership with the Google for Startups Cloud Program, aiming to combine innovative cloud technology with artificial intelligence and Web3 advancements. This collaboration promises to bring a fresh approach to web-based experiences and game development, revolutionizing the gaming sector. This article will delve into the details of this strategic partnership,
Railgun, a popular crypto privacy protocol, recently made headlines for successfully foiling Inferno Drainer’s latest attempt to launder stolen funds. The anti-money laundering tracking system, MistTrack on X, intercepted an effort to launder over 174 ETH, valued at approximately $533,000. This led the perpetrators to return the stolen funds to their original wallet’s address. Inferno
The recent attempt by the US House of Representatives to overrule President Joe Biden’s veto and rescind SEC Staff Accounting Bulletin (SAB) 121 ultimately fell short. With 228 House members voting in favor of HJ Res. 109 to end SAB 121, 184 voting against it, and 21 abstaining, it is clear that there was majority
The US Securities and Exchange Commission (SEC) has recently concluded its investigation into stablecoin issuer Paxos, bringing an end to a year-long ordeal for the company. After initially receiving a Wells notice from the SEC over its dollar-backed BUSD stablecoin, Paxos has finally received a notice of investigations termination, signaling that the regulator will not
In a time of challenging market conditions, DWF Labs, a prominent Web3 market maker and investment firm, has set forth ambitious plans for continued growth and innovation. The recent unveiling of its new website marks the beginning of a series of steps aimed at fostering greater transparency and fair market practices within the industry. Amidst
In a bid to bolster security within the cryptocurrency industry, Kraken recently announced its collaboration with other major players to co-found the Blockchain Security Standards Council (BSSC). The purpose of this nonprofit organization is to establish uniform security standards across the crypto sector, with the goal of addressing critical security threats such as fraud, nation-state
In recent news, ShardLab, the blockchain branch of Hashed, has unveiled a groundbreaking web application designed to streamline decentralized identity (DiD) and NFT voucher dissemination. Leveraging cutting-edge technologies such as account abstraction (AA) and zero-knowledge proofs (ZK), this app sets out to revolutionize the security and usability of everyday transactions in the blockchain space. The
Shatterline, a dynamic arena shooter available on PC, has been making waves in the gaming community since its early access release on Steam in 2022. The game offers both player-versus-player (PvP) and player-versus-environment (PvE) modes, providing players with a competitive and immersive experience. While the early access servers are set to shut down on August