Press Releases TheBitTimes.com

The Curve emergency DAO removed CRV rewards for alETH, msETH, pETH, crvCRVETH, Arbitrum Tricrypto and multiBTC pools. The Curve Finance lending protocol has terminated governance token rewards for select liquidity pools affected by the July 30 Curve exploit and July 6 Multichain exploit, according to an Aug. 2 social media post from a member of the protocol’s governing body.  The ending of rewards was carried out by the Curve emergency decentralized autonomous organization (Curve E-DAO), a committee made up of select members of the Curve DAO governing body. It affected pools for alETH+ETH, msETH-ETH, pETH-ETH, crvCRVETH, Arbitrum Tricrypto and multibtc3CRV, according to the announcement. The decision can be overridden in the future by a full vote of the Curve DAO. The change was announced by Curve E-DAO member Gabriel Shapiro. ATTENTION, FROM A CURVE E-DAO SIGNER: The @CurveFinance emergency multisig has terminated CRV rewards (gauges) to the liquidity pools affected by recent expl...

BarnBridge DAO’s legal counsel has claimed that the Securities and Exchange Commission (SEC) is investigating the allegedly decentralized organization. BarnBridge immediately terminated its liquidity pools, stopped creating new ones, and halted compensation to developers. Lawyer Douglas Park posted the announcement on Discord and BarnBridge tweeted it. Park said neither he nor fellow BarnBridge team members, Tyler Ward and Troy Murray, would comment on the ongoing investigation. Discord member Lord Tyler (possibly Tyler Ward himself) replied, “Confirming this is real.” Token-holders held personally liable There’s legal precedent for lawsuits personally affecting members of a decentralized autonomous organization (DAO). The US Commodities Futures Trading Commission (CFTC) won a sweeping victory against governance token-holders of another DAO called Ooki, with a judge agreeing that its members had to pay substantial fines and take down their website. Explaining hi...

TheCaféDAO and TheLaborDAO sit down with The Agenda to discuss how decentralized autonomous organizations can revolutionize the fight for workers’ rights. Collective action, labor struggle and protest go hand in hand, and it’s no secret that unionizing and organizing to fight for workers’ rights is a tedious task. But is there a way to simplify and boost the efficiency of the process? On this week’s episode of the newly launched podcast The Agenda , Cointelegraph senior copy editor Jonathan DeYoung and head of markets Ray Salmond sit down with Larry Williams Jr., co-founder of TheLaborDAO, and Daniel Carias and Dustin Tong, co-founders of theCaféDAO, to discuss the state of worker s’ rights in the United States and how Blockchain can strengthen labor movements. The trio also touched on whether a decentralized autonomous organization (DAO) could successfully and equitably run a business. Workers should be stakeholders and have access to equity For Carias, the initial idea for theCaf...