DAO Financial News

09.03 / 14:49

regulation Tax Investment DAO compliance Crypto Payroll Firm Toku Raises $20 Million Amid Industry-Wide Shift Towards Compliance

Toku, a startup specializing in token-based payroll and tax compliance, has successfully raised $20 million in funding. The company's unique approach is designed to assist crypto businesses in maintaining regulatory compliance amidst increased scrutiny from regulators. With its innovative solutions, Toku aims to provide a much-needed helping hand to the crypto industry during these uncertain times.

09.03 / 00:17

NFT Metaverse DAO RobotEra Taro This Upcoming Metaverse Crypto Has Massive Potential – Here’s How to Get in Early

The world is buzzing about the Metaverse, a virtual world where people can interact, play games, and engage in various activities. RobotEra is an upcoming Metaverse crypto that offers massive potential for investors and gamers alike.

07.03 / 12:31

business Law DAO DAO gets legal recognition in the US as Utah DAO Act passes

The Utah State Legislature passed Act HB 357, the Utah Decentralized Autonomous Organizations Act (Utah DAO Act).

03.03 / 13:23

Law Adoption regulation DAO Lawyer services UAE free zone to explore Bitcoin payments for services, lawyer says

Ras Al Khaimah’s recently announced free zone for virtual asset firms will explore accepting crypto payments from companies looking into setting up their businesses in the emirate, a lawyer involved in the hub’s development said.

28.02 / 12:09

business regulation DAO UAE emirate to launch free zone for digital and virtual asset firms

Ras Al Khaimah, one of the seven emirates that make up the UAE, is set to launch a free zone for digital and virtual asset companies as the country’s approach to the industry continues to attract global crypto players.

28.02 / 11:57

NFT DAO GameFi Blockchain Game Illuvium Illuvium DAO blocks NFT pack-opening event involving 3AC founder Su Zhu

The community supporting Illuvium, an interoperable blockchain game, has demonstrated the power of decentralized autonomous organizations (DAOs) after blocking a scheduled nonfungible token (NFT) pack-opening event between Illuvium CEO Kieran Warwick and Three Arrows Capital (3AC) founder Su Zhu.

27.02 / 12:15

Blockchain Ethereum ETH Pool DAO tornado Jail Tornado Cash Developer is in Jail But There Are Hints of a Comeback for the Crypto Mixer Regulators Hate

Tornado Cash developer Alexsey Pertsev remains in jail after facing money laundering charges for creating the mixing service, but a recent tweet by Ameen Soleimani, the co-founder of SpankChain and Reflex Labs, suggests the crypto mixing service could soon have its comeback despite the legal woes of its developer.

27.02 / 01:01

business Adoption Web3 Funding DAO Startups Mantle BitDAO's Mantle Core proposes $200M for Web3 fund

A proposal seeking to create a $200 million fund dedicated to early-stage Web3 startups was submitted on Feb. 26 by Mantle Core on BitDAO's governance forum. The ecosystem fund aims to boost the adoption of Mantle's network among developers and Dapps.

25.02 / 21:13

business Blockchain Adoption Decentralization DAO Science Pharma companies team up with DeSci to accelerate scientific research

Having emerged as a movement in the research community, Decentralized Science (DeSci) initiatives are progressing at a pace even big pharma cannot ignore. In fact, Pfizer is now the first pharmaceutical to vote on decentralized autonomous organization (DAO) proposals of German blockchain-based organization VitaDAO.

08.02 / 00:53

business Investments Funding Venture Capital DAO zk VC Roundup: ZK proofs, DeFi protocol and longevity DAO attract investment

2023 is off to a tepid start for crypto venture capital, as the industry continues to emerge from a prolonged bear market. But that doesn’t mean there aren’t deals. In January, Cointelegraph reported a $125 million raise from Blockstream, a $60 million allocation to QuickNode and pair of ecosystem funds from Injective and SSV worth $150 million and $50 million, respectively.

06.02 / 01:09

business defi Uniswap Venture Capital DAO a16z votes against proposal to deploy Uniswap V3 on BNB Chain

Venture capital firm Andreessen Horowitz (a16z) voted against a final proposal to deploy Uniswap V3 on the BNB Chain using the Wormhole bridge, shows the Uniswap DAO forum.

02.02 / 22:43

Government NFT regulation Web3 DAO Support Japanese Prime Minister says DAOs and NFTs help support government’s 'Cool Japan' strategy

Fumio Kishida, the Prime Minister of Japan, has come out in support of blockchain as a potential solution for technological issues facing the country.

02.02 / 04:23

business Blockchain Hackers hacks Altcoin lending DAO BonqDAO protocol suffers $120M loss after oracle hack

A small-scale decentralized autonomous organization (DAO) has suffered a rather sizeable smart contract exploit leading to an estimated $120 million being stolen from its protocol.

01.02 / 21:11

business Blockchain Stablecoin DAO MakerDAO launches $5M legal defense fund

According to a new social post on Feb. 1, Maker decentralized autonomous organization, or MakerDAO, has approved the creation of a new fund dedicated to expenses related to legal defense.

25.01 / 16:05

Blockchain DAO Science Medicine Keith Comito on the benefits of blockchain tech and decentralization in longevity research

Lifespan.io President and co-founder Keith Comito was into longevity before longevity was cool.

25.01 / 14:37

business Blockchain Provident Platform Strategy DAO Power Smart contracts to power day-to-day Web3 company operations

Web3 firm MetisDAO Foundation launched Koris, a smart contract-based platform that allows decentralized organizations to operate and manage communities through an end-to-end operational infrastructure.

18.01 / 01:33

Adoption Decentralization DAO World Economic Forum WEF publishes new in-depth guide to DAOs to air issues, encourage development

The World Economic Forum (WEF) released a “toolkit” for digital autonomous organizations (DAOs) on Jan. 17. More than 100 experts contributed to the document attempts to provide “a starting point for DAOs to develop effective operational, governance and legal strategies.”

04.01 / 19:09

business Adoption Sport DAO AIM Web3 Projects Web3 projects aim to create engagement between fans and sports leagues

The multi-billion-dollar sports industry is undergoing a digital transformation and Web3 elements are likely to play a major role. This notion was highlighted in Deloitte’s “2022 Sports Industry Outlook” report, which predicts an acceleration in the blending of real and digital worlds, along with growing markets for nonfungible tokens (NFTs) and immersive technologies.

28.12 / 21:13

Man Action DAO US Authorities Crack Down on Alleged Cryptocurrency Fraud Involving Mango Markets and Avraham Eisenberg

A man has been charged with criminal offenses in the US for allegedly attempting to steal around $110 million by manipulating Mango Markets, a decentralized cryptocurrency exchange. The suspect is accused of committing commodities fraud and manipulation.

28.12 / 18:15

Blockchain Web3 DAO Voting rights The Agenda podcast explores how DAOs can strengthen 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?

23.12 / 00:33

business regulation Decentralization DAO Marshall Islands legally recognizes DAOs as domestic limited liability companies

The Republic of the Marshall Islands, an independent island state located in the Pacific Ocean near the Equator, has announced that the Decentralized Autonomous Organizations Act of 2022 has officially been passed into law.

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