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DAO

Ethereum-Based Augur Enhancement App Veil Closes Up Shop

The Ethereum-based predictions platform Veil is shutting down, according to an official Medium post on July 11. As of July 11, no new markets will be added to the platform. Trading will be disabled entirely on July 24. Veil co-founder Paul Fletcher-Hill recommended that users redeem open positions, withdraw positions from active markets, and withdraw …

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Discovering Atlantis: Ethereum Classic Hard Fork and What Will Change

On June 19, the Ethereum Classic (ETC) community announced that the Atlantis hard fork is now in its testing stage. As Cointelegraph previously reported, the update is scheduled for Sept. and will take place on the block 8.75 million.  Also, as Cointelegraph reported, ETC Labs, which actively contributed to the Atlantis project, will soon introduce …

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Atlantis Hard Fork for Ethereum Classic Scheduled for September 17 Launch

The Atlantis hard fork for Ethereum Classic (ETC) has been officially set to occur at block 8,772,000 on the blockchain, according to the Ethereum Classic Improvement Protocol (ECIP) finalization call via Discord on June 20. As per the discussions in the call, the developers and contributors had previously considered putting the hard fork at block …

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Internal Power Struggle at MakerDAO: When Coding and Personal Interests Collide

In the crypto industry, there are many examples of how a conflict of interest has led to a company split. Perhaps, the largest ones are the forks of bitcoin (BTC), bitcoin cash (BCH) and the Ethereum (ETH) network. As a rule, the reason lies in disagreements related to the philosophy of the project, its development …

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DOrg LLC Purports to be First Legally Valid DAO Under US Law

Decentralized Autonomous Organization (DAO) developer cooperative dOrg has created a limited liability company (LLC) to grant its native DAO legal status, according to a report by independent law firm Gravel & Shea on June 11. As its name implies, a DAO is a firm with no centralization or hierarchy, and is instead governed by open …

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dOrg Founders Have Created the First Limited Liability DAO

DOrg, a company that builds DAO-related software founded by Ori Shimony, Asgeir Sognefest, and Jordan Ellis, has created what it calls the first Limited Liability Decentralized Autonomous Organization or DAO, a legal way to “reference blockchain code (smart contracts in our case) as the legitimate source of authority for their company’s operations and governance.” The …

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The Startup Behind Ethereum’s Infamous DAO Has Been Acquired

Blockchains.com, a blockchain incubation and investment firm, announced today the acquisition of slock.it, a German company with roots in the original development of ethereum. Blockchains was primarily interested in slock.it’s Incubed project which enables human and machines secure participation in the economy of things through the ethereum blockchain. The merger will allow both companies to …

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MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2%

A vote about whether to decrease the so-called stability fee for MakerDAO’s ethereum blockchain-baseddecentralized stablecoin DAI has started. The vote was announced on the organization’s blog on May 17. If approved, the latest proposal would decrease the stability fee by 2% to 17.5% per year. According to the announcement, the need to decrease the fee …

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Fee Has Successfully Stabilized DAI, MakerDAO President Says

DAI stablecoin, which is pegged to the United States dollar, is now in a relatively stable position, according to the president and COO of MakerDAO, Steven Becker, in an Q&A session on May 2. The transcript of the meeting, which focused on demand and supply imbalance, appeared on Reddit. Becker discussed the efficacy of the …

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MakerDAO CTO Departs, Points to Internal Conflicts

Andy Milenius, formerly the chief technology officer at MakerDAO, published an open letter dated April 3 explaining his concerns over the project’s internal conflicts. MakerDAO is the  company behind the decentralized algorithmic Ethereum-based stablecoin DAI as well as the governance token Maker (MKR). In his 24-page-long letter, Milenius describes a conflict between his ideas of …

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