DAO News

A DAO, or Decentralized Autonomous Organization, is an idea for a firm that is ruled with enforced digital rules and without hierarchical management. DAO as an idea is very close to Bitcoin in its attempt to get rid of all middlemen in transactions.
The most important attempt to create DAO is “The DAO”--a machine-operating venture organization launched in 2016. The basic idea for an interested person was to put money into the system and then get an amount of votes used for elections of ideas worth investing in. Even the biggest critics of DAOs were in love with the idea, but they also found a lot of flaws and security holes in “The DAO”. Although the project failed within a couple of months because of the hack which resulted into hackers gaining control over 3.6 million Ether, it was a big success as a first product of sorts, gathering money from more than 10,000 users. It is likely that we will hear some DAO news soon. 

The amount of unclaimed Arbitrum tokens accounts for 0.69% of ARB’s total supply of 10 billion.
Arbitrum DAO takes $56M of unclaimed ARB as airdrop deadline ends
Helen Partz
Cryptocurrency trading venues have changed tremendously since Bitcoin’s emergence in 2008 and are still evolving. So, what are the newer exchange models beyond ...
From Bitcoin Market to Web3 colonies: How crypto exchanges have evolved over the years
Hristina Yordanova
In a blog post, a16z’s Miles Jennings discusses how DAOs can avoid power centralization by applying Machiavelli’s principles.
a16z suggests Machiavelli to fix decentralized governance
Ana Paula Pereira
Follow up
Blockchain security firms SlowMist and CertiK also believe the crypto wallet drainer, Angel Drainer, was involved in the estimated $238,000 exploit.
Balancer blames ‘social engineering attack’ on DNS provider for website hijack
Brayden Lindrea
A16z crypto, Coinbase, Ledger, Bain Capital Crypto, Blockchain Capital and Paradigm joined to advocate for clear regulations.
Crypto companies form Texas blockchain group to advocate for clear regulations
Tom Blackstone
Altcoin Watch
ARB’s price slumps to a new low as a decline in TVL, a decline in active addresses engaging with its DApps and a general malaise across the crypto market take t...
Arbitrum (ARB) falls to all-time low as network usage metrics decline
Marcel Pechman
The “fake deposit” attack enables bad actors to execute a transfer where the requested value is larger than what the user actually owns.
Lido assures LDO, stETH tokens remain safe despite flaw in token contract
Brayden Lindrea
Decentralized Infura will consist of Infura and a decentralized market of other third-party data providers.
Decentralized Infura launch within months, Web2 cloud giants may join: Consensys
Brayden Lindrea

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