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Lessons from 2023: the FTX trial and crisis management for crypto projects | Opinion

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Few events have stirred as much attention as the Sam Bankman-Fried trial. As allegations of fraud and money laundering surface within FTX’s affiliated Alameda Research, the crypto community is reminded of the need for robust crisis management. Crypto projects operate in a perfect storm of volatility, regulation, hacks, and technical complexity. Any misstep can snowball into an existential crisis in an instant.  You might also like: Crypto market on Christmas: historical trends and what to expect  Major crypto crisis categories Crises in crypto aren’t limited to legal battles. The threats are multifaceted, from unauthorized data access and technical code vulnerabilities to malicious hacks. Add to that the ever-changing regulatory environment, and projects find themselves navigating a maze of potential pit...

MakerDAO publishes 5-phase roadmap featuring funding for open-source AI projects

DAI stablecoin proprietor MakerDAO offered up an AI-heavy roadmap for the future with plans for a new blockchain. MakerDAO, the organization behind the DAI stablecoin and its related MKR governance token, recently announced a slew of planned updates to its ecosystem, including a heavy focus on artificial intelligence (AI) technologies and the planned development of a new blockchain.  Beginning with an upgrade to unify the organization’s brand, the new roadmap details a five- phase project called “Endgame.”  5 phase s of Endgame. Endgame has been defined as an update that employs AI tools and open processes to enhance efficiency, resilience, and participation. A new publication on the Maker Forum outlines its roadmap , which includes the introduction of 5 major launch phase s. pic.twitter.com/8GOkIfFADi — Maker (@MakerDAO) May 12, 2023 Per an official forum post written by MakerDAO co-founder Rune Christensen, the first phase of Endgame will involve a “full rebrand” to unify...