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Toss in your job and make $300K working for a DAO? Here’s how

Increasing numbers of employees are quitting 9–5 corporate jobs to work for DAOs. While the money’s great, DAOs fall into a legal gray area, and it can be tricky to get your foot in the door.

Researchers Nataliya Ilyushina and Trent MacDonald from the Royal Melbourne Institute of Technology Blockchain Innovation Hub take you through how to get started.

This year could see two emerging workforce dynamics come to a head. Twenty-one million Americans quit their jobs in 2021 — heralding the “Great Resignation” era — after an extended experience working remotely during COVID-19 lockdowns and dissatisfaction with conditions upon reentering their workplaces.

One in 5 workers reported an intent to quit their jobs in 2022. At the same time, the peak number of members of decentralized autonomous organizations at the start of August 2022 was 3.4 million, with over 140,000 new members joining in July 2022 alone.

Although the “Little Migration” to DAOs pales in comparison to the Great Resignation, we might still wonder if these two trends are connected in some small way. 

Work for a DAO

Toss in your job and make $300K working for a DAO? Here’s how

“The collaboration-maxi nature was a welcome breath of fresh air.”

Toss in your job and make $300K working for a DAO? Here’s how

“The collaboration-maxi nature was a welcome breath of fresh air.”

Toss in your job and make $300K working for a DAO? Here’s how

“The collaboration-maxi nature was a welcome breath of fresh air.”

Toss in your job and make $300K working for a DAO? Here’s how

“The collaboration-maxi nature was a welcome breath of fresh air.”

Toss in your job and make $300K working for a DAO? Here’s how

Increasing numbers of employees are quitting 9–5 corporate jobs to work for DAOs. While the money’s great, DAOs fall into a legal gray area, and it can be tricky to get your foot in the door.

Researchers Nataliya Ilyushina and Trent MacDonald from the Royal Melbourne Institute of Technology Blockchain Innovation Hub take you through how to get started.

This year could see two emerging workforce dynamics come to a head. Twenty-one million Americans quit their jobs in 2021 — heralding the “Great Resignation” era — after an extended experience working remotely during COVID-19 lockdowns and dissatisfaction with conditions upon reentering their workplaces.

One in 5 workers reported an intent to quit their jobs in 2022. At the same time, the peak number of members of decentralized autonomous organizations at the start of August 2022 was 3.4 million, with over 140,000 new members joining in July 2022 alone.

Although the “Little Migration” to DAOs pales in comparison to the Great Resignation, we might still wonder if these two trends are connected in some small way.

DeepDAO keeps stats on DAOs

Coinbase enters the Netherlands with central bank approval

U.S.-based crypto exchange Coinbase is approved by De Nederlandsche Bank, the central bank of the Netherlands.

Binance establishes Global Advisory Board to work on regulatory and political issues

The former United States Senator Max Baucus will be leading the board that includes 11 other prominent figures.

How to stake Fantom (FTM)?

An alternative to Ethereum, Fantom is a layer-1 blockchain on which you can stake Fantom (FTM) to earn passive income with crypto holdings.

How to stake Fantom (FTM)?

Fantom (FTM) is known for its speed and inexpensive layer-1 blockchain. Like other blockchains (for example, Solana (SOL) and Avalanche (AVAX)) that scale better than their counterpart, it has been dubbed an “Ethereum killer.” After raising $40 million in funds, Fantom launched its mainnet in December 2019. Since then, it has grown to become one of the most popular blockchains, sitting in the top 10 blockchains by total value locked (TVL) with $1.3 billion in TVL

Fantom’s high-throughput blockchain is an open-source smart contract platform. It is scalable and EVM-compatible, meaning you can deploy and run your Ethereum decentralized applications (DApps) on Fantom. Its structure enables the support for its decentralized finance (DeFi), other than managing digital assets and DApps.

The Fantom consensus mechanism is an adapted version of proof-of-stake, and it’s called Lachesis. It’s been designed to provide high-speed transactions, low fees and almost instant finality due to the aBFT algorithm. aBFT can scale to many nodes worldwide in a permissionless, open-source environment, offering a good level of decentralization.

The Fantom blockchain is powered by its native FTM token, and if you believe in the project and want to grow your FTM stack, you can consider staking Fantom to earn passive income.

What is Fantom staking?

Staking is making a blockchain more secure by locking up an investor’s digital assets for a certain amount of time. This security is provided by validators who validate transactions with their staked tokens, which becomes an economic incentive for them to behave according to the protocol’s rules.

Fantom Wallet

Chamber of Digital Commerce gets approval to join the SEC vs Ripple lawsuit

The crypto advocacy group is granted the status of "the friend of the court."

Ethereum risks another 10% drop versus Bitcoin as $15.4M exits ETH investment funds

Macroeconomic factors and centralization concerns are putting pressure on Ethereum's price post-Merge.

Ethereum risks another 10% drop versus Bitcoin as $15.4M exits ETH investment funds

Ethereum's Merge on Sep. 15 turned out to be a sell-the-news event, which looks set to continue. 

Notably, Ether (ETH) dropped considerably against the U.S. dollar and Bitcoin (BTC) after the Merge. As of Sep. 22, ETH/USD and ETH/BTC trading pairs were down by more than 20% and 17%, respectively, since Ethereum's switch to Proof-of-Stake (PoS.

ETH/USD and ETH/BTC daily price chart. Source: TradingView

What's eating Ether bulls?

Multiple catalysts contributed to Ether's declines in the said period. First, ETH's price fall against the dollar appeared in sync with similar declines elsewhere in the crypto market, driven by Federal Reserve's 75 basis points (bps) rate hike.

Second, Ethereum faced a lot of flak for becoming too centralized post-Merge.

Only five entities produced 60% of the blocks  so far. The biggest share belongs to Lido DAO, an Ethereum staking service, that has 4.19 million ETH deposited, or over 30% of the total amount staked into Ethereum's official PoS smart contract.

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Regulated fintech in Bahrain enables crypto payments with Binance

The Central Bank of Bahrain gives the nod to EazyPay, launching crypto payments for more than 5,000 payment gateways in the country.

Opera browser integrates Elrond blockchain services to bolster Web3 adoption

Elrond is one of the first carbon-negative blockchains in Europe, and its integration with Opera will help millions of new users to access the Web3 ecosystem.

How Bitcoin ATMs in Greece fare during a record-breaking tourist season

Despite record-breaking numbers this past summer tourist season, the local crypto scene in Greece sees no impact, says co-founder of local BCash Bitcoin ATMs Dimitrios Tsangalidis.

Tribe DAO votes in favor of repaying victims of $80M Rari hack

The vote to reimburse users affected by the hack was one of the final governance decisions for Tribe DAO which has announced plans to wind down.

FTX in talks with investors to raise $1B for further acquisitions — Reports

The potential $1 billion funding round would add to the $400 million FTX raised in January, with the firm said to be seeking more capital to snap up deals amid the crypto winter.

Cardano Vasil upgrade ready with all ‘critical mass indicators’ achieved

With the countdown now under 24 hours for Cardano’s most ambitious upgrade, all three metrics necessary to launch the awaited Vasil upgrade have been met.

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