👨🏻⚖️ CFTC Action Against DAO Outrages Crypto and One of Its Own Commissioners
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Agency Alleges Ooki DAO Offered Derivatives Without a License
By Owen Fernau
DISSENT In a case that has roiled the crypto community and triggered a dissent from one its own officials, the U.S. Commodity Futures Trading Commission (CFTC) brought an enforcement action yesterday that challenges fundamental tenets of decentralized finance.
Transactions Crossed 1M For The First Time This Month
ALL-TIME HIGH NFT transactions on the Solana network are at an all-time high, surpassing 1M in the week ending Sept. 12 for the first time ever and 900,000 in the week ending Sept. 19. A blockchain created to address Ethereum’s high transaction costs and slow speeds, Solana has been having a moment.
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Institutions Moving into Ethereum Staking Post-Merge
By Samuel Haig
TEAMED UP n a deal that indicated Ethereum staking may rapidly industrialize, Delio Bank, South Korea’s largest Virtual Asset Service Provider, teamed up on Sept. 22 with blockchain infrastructure firm, Blackdaemon, to offer the service to retail users.
Performance Improvements Are Expected To Benefit DeFi Apps
UPGRADE Cardano, the world’s fifth-largest blockchain with a market capitalization of $15B, successfully deployed a highly-anticipated upgrade Thursday that aims to improve smart contract performance and network throughput.
Sports NFTs and ApeCoinStaking Hit the News This week
FOOTBALL More than half the world’s population watched the 2018 FIFA World Cup, and with the 2022 edition in Qatar just two months away, football’s governing body is throwing NFTs into the mix.
Mechanics of Ethereum’s Blockchain Are Changing in a Proof of Stake World
On-Chain Markets Update by Juan Pellicer, IntoTheBlock
PROOF OF STAKE On September 15, 2022 Ethereum completed its transition to Proof of Stake consensus from the Proof of Work. This allowed Ethereum to reduce the network’s energy consumption by 99.8%. It also eliminated Ethereum’s dependency on energy-intensive mining and enabled the network to be secured using staked ETH.
A Step-by-Step Guide to the Layer 2 Blockchain Network
Avalanche is a third-generation Proof-of-Stake blockchain network. Unlike Ethereum, which relies on Layer 2 scalability networks to increase traffic capacity, Avalanche relies on its main chain for scalability.
Just 12 months ago, BlockFi was going places. Fast.
Coinbase vociferously denies that it engages in proprietary trading—but asserts that some of its competitors do.
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On-Chain Action Disappears on Terra’s Luna Classic Token On-chain activity appears to have dried up on the Luna Classic, the network token of the failed and abandoned Terra chain, after it imposed a 1.2% tax on transactions that is burned from supply.
‘Smart Money’ Plows $33M into Staked ETH Tokens After Merge Almost six months after it first “de-pegged” from Ether, investors have flocked to Lido’s stETH token, pushing it back up to par with the second-largest cryptocurrency.
‘Massive Dumping’ by Ethereum Miners Punishes ETH Ever since The Merge took place on Sept. 15 investors have looked on in dismay as Ether lost a fifth of its value over the next four days.
🧑💻 ✍️ Stories in The Defiant are written by Owen Fernau, Aleksandar Gilbert, Samuel Haig, and yyctrader, and edited by Edward Robinson, yyctrader and Camila Russo. Videos were produced by Robin Schmidt and Alp Gasimov. Podcast was led by Camila, edited by Alp.
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DEX’s Community Also Voting on New Multisig Signers
By Samuel Haig
CONTEST And then there were five. In what began as a straightforward process to name a new “head chef” of its venture, SushiSwap, the troubled decentralized crypto exchange, has now launched a five-way contest for the job.
CANDIDATE And Jonathan Howard, the sole candidate just a couple of months ago, is no longer in the running.
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