📢📢 DEFI ALLIANCE DAO UPDATE! – (02/09/23)

Check out today's top stories that impact the DeFi world:

1️⃣ MakerDAO's New Blockchain: Co-Founder's Solana Code Proposal 🚀

Rune Christensen, MakerDAO co-founder, suggests using Solana's battle-tested codebase for "NewChain," the upcoming native standalone blockchain in MakerDAO's "Endgame" upgrade. Christensen highlights Solana's technical quality and resilience, making it the prime candidate for exploration.

Source: https://www.coindesk.com/tech/2023/09/01/makerdao-should-use-solanas-code-to-build-its-new-blockchain-co-founder-says

2️⃣ China's Court Recognizes Virtual Assets as Legal Properties 🇨🇳

China's People’s Courts deem virtual assets legal properties with economic attributes, offering insights into handling cases involving virtual assets. The report underscores the need for a unified approach combining criminal and civil law.

Source: https://cointelegraph.com/news/china-court-declares-virtual-assets-as-legal-properties-protected-by-law-report

3️⃣ Ripple Pushes Back Against SEC Appeal ⚖️

Ripple Labs argues that the U.S. SEC's appeal lacks grounds for intervention in their legal dispute. The company highlights the absence of exceptional circumstances required for an appeal and urges the judge to deny any request for intervention or stay.

Source: https://www.theblock.co/post/248839/ripple-says-court-should-deny-sec-request-for-appeal

4️⃣ Warning: New Crypto Malware Targeting Android Users 🔎

U.S. and U.K. intel agencies alert users about "Infamous Chisel," a Russian-origin malware targeting cryptocurrency wallet and exchange apps. The malware poses a threat to private keys and sensitive data stored on Android devices.

Source: https://cointelegraph.com/news/fbi-report-warns-against-infamous-chisel-new-malware-targeting-crypto-wallets

Stay informed with DeFi Alliance DAO as we navigate the evolving landscape of DeFi and Web3. Join us today to ensure your journey is secure and compliant! 🌟🔗 Join DeFi Alliance DAO https://link3.to/defialliance