The MakerDAO community has voted to allocate $500 million USD into US treasuries and corporate Bonds as a “strategic investment” which will be converted from $500M DAI, its overcollateralized stablecoin. The proposal was presented originally in late June with a three-month window for members to decide.
Uber’s former head of security has been found guilty of criminal obstruction for attempting cover up a data breach that saw tens of millions of customer and driver records stolen. A federal jury in San Francisco convicted Joseph Sullivan, Uber’s former chief security officer (CSO), of obstructing justice and concealing knowledge that a federal felony … Read more
A warehouse in the Netherlands swapped out natural gas for Bitcoin miner heating — saving money, efficiency and the planet.
Twitter is now rolling out a new feature that lets users post images, videos, and GIFs in a single tweet. Until now, the platform only allowed users to include only one type of media format in a post, for example, multiple images. While you can see mixed media tweets on all platforms, currently you can … Read more
All crypto payments from Russians to European wallet providers will be forbidden under the measures.
The head of the business team of Terraform Labs was a part of Do Kwon’s inner circle.
Illustration by Kristen Radtke / The Verge; Getty Images Elon Musk will no longer be deposed by Twitter’s lawyers on Thursday morning, after both sides agreed to a delay as they worked to close the $44 billion purchase of the social media network, the Financial Times and Bloomberg report. Musk was scheduled to be deposed … Read more
The exchange had earlier got a preliminary approval to operate in the country.
Ribbon’s Lend, which went live on Monday, allows institutions to borrow funds without having to lock in collateral.
Microsoft has held conversations to invest in the Indian play-to-earn gaming platform Zupee in recent weeks and proposed to potentially lead a funding round of over $100 million, two people familiar with the matter told TechCrunch, the latest in a series of bets from the cloud services giant to expand its business in the key … Read more
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Lightdash, an open source business intelligence (BI) platform that’s setting out to challenge proprietary incumbents such as Looker, is officially launching its core commercial product to the public today backed by $8.4 million in funding. The seed round was led by Accel, with participation from Moonfire, Y Combinator (YC), Snyk founder Guy Podjarny, and Gitlab … Read more
The iOS version of the app is expected to be launched soon.
Ex-CEO Alex Mashinsky, ex-CSO Daniel Leon and CTO Nuke Goldstein pulled bitcoin, ether, USDC and CEL holdings from their custody accounts in May, before the company suspended all customer withdrawals.
Global rate hikes are putting downwards pressure on asset prices, but Bitcoin is starting to outperform commodities and tech stocks.
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Musk has not been shy about touting his vision for Twitter in the past, flagging free speech and eliminating spam bots and fake accounts as particular points of interest.
Tuttle Capital Management hopes for a short ETF named Inverse Cramer ETF (SJIM), and a long ETF called Long Cramer ETF (LJIM).