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The Build Finance DAO was a decentralized autonomous organization (DAO), a venture based on blockchain technology. It was the subject of a 2022 hostile takeover by a member who amassed enough votes to pass a motion that allowed them to liquidate the DAO's cryptocurrency holdings and flood the market with new tokens.
The USD value of the collateral at any given time divided by the amount of DAI borrowed is the loan's "collateralization ratio"; this is calculated using the USD price of a unit of the collateral asset as reported regularly to a contract by a set of decentralized oracles. Each loan type has a fixed minimum collateralization ratio, which is ...
Binance Holdings Ltd., branded Binance, is a global [8] company that operates the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies. Binance was founded in 2017 by Changpeng Zhao , a developer who had previously created high-frequency trading software.
Binance.US, a America based exchange that Binance claims isn't affiliated with the international platform, has seen its crypto spot market share drop to 1% from 20% since the SEC filed its lawsuit ...
The price of a bitcoin fell from a high of about $1,160 in December to under $400 in February. [193] On 21 November 2017, Tether announced that it had been hacked, losing $31 million in USDT from its core treasury wallet. [194]
The DAO was a digital decentralized autonomous organization [5] and a form of investor-directed venture capital fund. [6] After launching in April 2016 via a token sale, it became one of the largest crowdfunding campaigns in history, [6] but it ceased activity after much of its funds - in the form of US$ exchanged for "Ether-crypto coins" - were taken in a hack in June 2016.
In 2016, a specific DAO, "The DAO", set a record for the largest crowdfunding campaign to date. [22] [23] Researchers pointed out multiple problems with The DAO's code. The DAO's operational procedure allowed investors to withdraw at will any money that had not yet been committed to a project; the funds could thus deplete quickly. [4]
Tower Research Capital is one of the oldest automated trading firms. [1] It was started by Mark Gorton and Alistair Brown in February 1998. [2] [3]Tower's internal trading teams are independent from one another, enjoying autonomy while accessing shared technology resources such as hardware, software, and connectivity as well as resources such as business management, legal, compliance, and risk ...