Ethereum Foundation Launches Joint Initiative to Fund Tornado Cash Legal Defense

The Ethereum Foundation and Keyring Network are pioneering a new DeFi-driven funding mechanism to support Tornado Cash developers’ legal defense, aiming to protect privacy innovation and set a precedent for open-source development rights.

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Ether ETF Launch Already Priced In? Analyst Predicts Drop to $3,000 Due to This Crucial Factor

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El Salvador’s Bitcoin policy could lead the change in global monetary system – Simon Dixon

Famous investor Simon Dixon recently described El Salvador’s Bitcoin policy as  “very responsible” and said it could be the first domino to fall in bringing down the International Monetary Fund’s (IMF) “fiat-based Ponzi scheme” debt mechanism if it succeeds.

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Synthetix Launches GrantsDAO to Fund Community Projects

DeFi project Synthetix confirmed that their DAO-style funding mechanism for community proposals is live. The “GrantsDAO” will draw most of its funding from the Synthetix Foundation, but donations are open...The post Synthetix Launches GrantsDAO to Fund Community Projects appeared first on Cryptocurrency News.

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Review of Gitcoin Quadratic Funding Round 3

Special thanks to the Gitcoin team and especially Frank Chen for working with me through these numbers The next round of Gitcoin Grants quadratic funding has just finished, and we the numbers for how much each project has received were just released.

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Bitcoin’s Impending ‘Halving’ Could Spark Meteoric Price Boom

Alistair Milne, the chief investment officer at Atlanta Digital Currency Fund, has said that the block reward halving of Bitcoin could push the price of the dominant cryptocurrency to massive gains in the next 12 months.

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Huobi Is Rolling Out Futures Trading on a New Platform

At this year’s CryptoFrontiers Conference in New York City, digital currency exchange Huobi announced that it will begin offering derivatives contract trading. The service will be available via Huobi’s Derivative Market (Huobi DM) to customers of select countries and will allow them to open both short and long positions for a handful of coins.

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Winklevoss Brothers File Patent Detailing Innovative Cryptocurrency Storage System

The wholly-owned investment fund of Cameron and Tyler Winklevoss has filed a patent describing a secure mechanism for storing digital assets, according to a patent filing published by the U. S. Patent and Trademark Office (USPTO).

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Pay From Bitcoin Mainnet to Lightning and Back: Submarine Swaps Are Now Live

In order to make payments on the lightning network — Bitcoin’s second layer solution for instant and cheap transactions — users must first fund lightning channels.

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Governance, Part 2: Plutocracy Is Still Bad

Coin holder voting, both for governance of technical features, and for more extensive use cases like deciding who runs validator nodes and who receives money from development bounty funds, is unfortunately continuing to be popular, and so it seems worthwhile for me to write another post explaining why I (and Vlad Zamfir and others) do not consider it wise for Ethereum (or really, any base-layer blockchain) to start adopting these kinds of mechanisms in a tightly coupled form in any significant way.

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Union Square Wanders to Contribute in Crypto and Blockchain Long-Term Without Devoted Fund

Union Square Ventures (USV), a private equity and venture capital firm, has plans to invest in blockchain and cryptocurrencies over the course of the next 10 years, CNBC reports June 29. Speaking about initial coin offerings (ICOs), Wenger called them an “innovative new financing mechanism,” though he said they are not suitable for every blockchain

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