The Luna Foundation Guard, or LFG, a fund focused on the Terra ecosystem, has said it cannot provide a timeline to distribute assets to users following stablecoin TerraUSD depegging from the dollar. In an Oct. 7 Twitter thread, LFG cited “ongoing and threatened litigation” in its reasons for being unable to distribute its remaining assets to UST users starting with the smallest HODLers. The fund’s reserves held more than $4 billion in assets prior to the market downturn in May, an amount that has dropped to roughly $105 million at the time of publication. “Distribution is not possible at this …

Hyperledger Foundation, a global open source collaboration of enterprise blockchain technologies, has commenced its largest annual event, the Hyperledger Global Forum 2022. Ahead the event on Monday, the Foundation announced the addition of eight newest members to its international community, namely: CasperLabs, Realto Group, BCW Group, Banque de France, Central Bank of Nigeria, Digital Identity Laboratory of Canada, International Association For Trusted Blockchain Applications (INATBA) and DSR Corporation. Daniel Barbosa, Executive Director at Hyperledger Foundation, and General Manager of Blockchain, Healthcare, and Identity at the Linux Foundation, shared that: “Hyperledger technologies are playing an outsized role in reshaping existing markets …

The $74 million plan by two former Uniswap Lab executives for a new Uniswap Foundation has just become reality after their proposal received over 99% of the votes from UNI token holders. According to the initial proposal, the foundation aims to streamline Uniswap’s Grant Program (UPG) and reduce friction in the protocol’s governance system. Former Uniswap Labs executive Devin Walsh, now serving as executive director of UF shared the results in a tweet on Aug. 24, noting that the proposal to create the foundation “passed its final vote!” Last night our proposal to create the Uniswap Foundation passed its final …

Pocket Network, a relay infrastructure middleware protocol, announced a service integration to improve the network bandwidth of NEAR blockchain while enabling faster deployment times for Web3 developers. According to Pocket Network, the latest integration with NEAR allows native developers to deploy their applications on other supported blockchains, including Ethereum, Solana, Fuse, Avalanche, Harmony and Polygon. In addition, by having integrations with multiple blockchains, NEAR developers can overcome concerns regarding single points of failure due to bottlenecks or other service disruptions. Pocket Network aims to accomplish 100% up-time for projects via a globally distributed network of over 47,000 full nodes that …

The Wikimedia Foundation, which backs Wikipedia, will shut down its BitPay account and has announced it will stop accepting cryptocurrency donations based on community feedback. The decision to end crypto donations was made after 232 members, or 71% of the Wikimedia Foundation (WMF) community, voted in favor of a Jan. 10 proposal that cited energy consumption, ease of use for sanctioned individuals, exposure to crypto scams and environmental sustainability as reasons to stop it. These issues raised concerns about how accepting crypto could damage the foundation’s reputation in the long run. Wikipedia is an open-source online encyclopedia and BitPay is …

Bertrand Perez, chief operations officer of Web3 Foundation, one of the firms behind the Polkadot blockchain, said a certain level of regulation was necessary in the crypto space as long as those responsible left room for innovation. Speaking to Cointelegraph at the Paris Blockchain Week on Wednesday, Perez said he saw a few areas of concern when it comes to regulating the space, including a recent draft bill from the European Parliament on noncustodial wallets, but overall those in the industry are trying to help policymakers to understand Web3. According to the Web3 Foundation COO, some lawmakers are still making …

Non-profit organization Cardano Foundation has announced a three-year collaboration with the Blockchain Center of the University of Zurich (UZH BCC) to further research initiatives and explore blockchain education development. Through the partnership, the foundation will work with the Blockchain and Distributed Ledger Technologies (BDLT) Group at the University of Zurich to explore research topics like the efficacy of consensus protocols and analyze attack vectors specific to Ouroboros, among many others. According to Cardano Foundation CEO Frederik Gregaard, the partnership allows the foundation to provide information to UZH BCC to expand the university's knowledge of the Cardano platform and at the …

SushiSwap (SUSHI), a community-led suite of decentralized finance (DeFi) tools, plans to implement a legal structure aimed at mitigating risks for token holders and members of the Sushi protocol. Sushi’s new legal structure will be based on a community-approved proposal from Mar. 20 that cited the need for an association or foundation to help provide legal clarity and administrative support for SushiDAO. Proposal: Sushi Legal Structure To form an association or a foundation for Sushi DAO in order to provide clarity regarding the rights and obligations of token holders and contributors and limit their liability and mitigate the future risk.$SUSHI …

Brantly Millegan will be staying on as the director of the Ethereum Name Service Foundation after casting more than 363,300 votes against a decentralized autonomous organization proposal to remove him. According to a tally of roughly 3.7 million ENS DAO votes recorded at the end of the voting period on March 5, more than 1.6 million were against removing Millegan as director of the ENS Foundation — 43.39% of the vote. More than 698,000 votes abstained from the proposal, while roughly 1.4 million votes were in favor of Millegan’s removal — 19.1% and 37.51%, respectively. The controversial #ENS vote that …

In a new chapter of the EOS community versus creators saga, the EOS Network Foundation’s (ENF) founder and “community-elected CEO” Yves La Rose revealed that they are preparing for a legal “war” against EOS creators Block.one. According to La Rose, they are reviewing any potential legal action “to seek $4.1B in damages.” Currently, the EOS leader mentioned that a Canadian law firm is working with them to explore what legal action they can take against the original developers of EOS. As Founder of @EosNFoundation I share your frustrations! We are taking further steps to hold @B1 accountable for its past …

The Watr Foundation, in partnership with blockchain platform Algorand, recently launched a project to provide ESG scoring for different commodities with a special focus on climate change. While the project has a clear environmental focus, the platform will also include labeling for everything from how a company treats its workers to the number of people participating in an asset's ecosystem by gender. Watr Foundation council president Maryam Ayati said in a statement: “We believe this next iteration on resource models should be co-created in mutually-owned profit models. It is a privilege and comfort to be collaborating with the pioneers of …

The Iota Foundation has announced the release of its beta version smart contract functionality, with the objective to solve market challenges of scalability limitations and high transaction fees, as well as reportedly debuting components not witnessed thus far in the space. Iota’s nonprofit foundation is focused on open-source research and development initiatives to drive adoption in the distributed ledger technology space, alongside its native platform, the Tangle. The smart contract service will foster interoperability and standardization through the integration of Ethereum Virtual Machine; multi-capacity for developers to write program languages with Tiny Go, Rust, and Ethereum’s Solidity; as well as …