Wyoming’s new law recognizes DAOs as non-profits
Governor Mark Gordon signed into law the DUNA Act, advancing Wyoming’s recognition of DAOs as non-profits whose legal responsibility is distinct from their members.
Latest decentralized autonomous organization News
Ethereum’s decentralized mantra in tatters after execution of client bug
8% of Ethereum PoS transaction validators began producing invalid blocks due to a flaw in the Nethermind client software, and the issue followed the release of Nethermind v1.23.0 update.
UN internet coalition to study DAO use cases in public sector
The UN Internet Governance Forum will work with public sector organizations, government officials, and blockchain experts in exploring DAO use cases centered on promoting secure governance models under a pilot initiative.
Hong Kong: SFC, police form ‘crypto’ taskforce as JPEX converts to DAO
The new working group will facilitate information sharing between the two on exchange breaches; meanwhile, JPEX converted user funds to native tokens as it turned into a decentralized autonomous organization.
Digital asset regulation is incomplete, CFTC commissioner says
Commissioner Kristin Johnson praises the CFTC's efforts to regulate the digital asset sector but stopped short by saying that current enforcement actions are still incomplete.
CFTC wins precedent-setting lawsuit against Ooki DAO
U.S. District Judge William Orrick ruled in favor of the CFTC in its lawsuit against Ooki DAO, ordering Ooki DAO to shut down and pay a civil monetary penalty of $643K.
Metamask reserves right to withhold taxes—What’s going on?
ConsenSys, the company behind Metamask, clarified that it did not mean it would withhold taxes on digital currency transactions as it only collects sales taxes on certain paid services.
Tornado Cash coin mixer’s governance lets its guard down, loses control
An unidentified attacker has assumed control of the Tornado Cash DAO governance after tricking users into approving a proposal that contained malicious code.
Singaporean researchers ‘solve’ DAO governance challenge with new model
The researchers ranked the existing DAO voting mechanisms, listing each mechanism’s challenges before unveiling their hybrid governance mechanism.
Digital currency exchanges struggling as regulators close in
Digital asset firms often blame the "shifting" regulatory landscape for their failures, but in truth, laws haven't changed, and regulators are finally catching on to how technology works.
KuCoin Wallet makes a pivot to SocialFi as it announces ‘Halo Wallet’
The newly rebranded Halo Wallet will integrate social media protocols like Twitter into its original wallet offering, allowing users to engage with industry thought leaders and influencers.
Arbitrum, Wintermute and more DeFi lies
Arbitrum's market maker, Wintermute, received $40 million of ARB from Arbitrum as part of the $1 billion allocation.