Crypto && Coffee 031
- 6 minsTechnology Recap:
Bitcoin:
- Check out the full recap from the most recent Socratic Seminar from the Sydney Bitcoin Meetup in June. Last month they jumped into Succinct Atomic Swaps and CoinSwap!
Litecoin:
- David Burkett publishes his June update on Mimblewimble progress for Litecoin. Code has now been written for mempool changes, support of mining extension blocks and more.
Ethereum:
- The new ETH2.0 testnet, Altona, from Goerli has launched and is live! This launch started off with four clients: Sigma Prime, Prysmatic Labs, Nimbus, and PegaSys. The plan is for only one more official public testnet before mainnet launch!! View the chain here.
- Ethereum founder, Vitalik Buterin, shares how ETH2.0 scaling for data will be available before ETH2.0 scaling for general computation.
- With conversations heating up over EIP-1559, the EIP regarding blockspace and fee market improvements, Deribit Insights releases an analysis on EIP-2593 which is being advertised as an alternative to EIP-1559 and is known as the “escalating bid algorithm”.
- Catch up on what was discussed last week at the Ethereum Core Devs Meeting #90 here.
- The Gitcoin grant is now up for supporting the research and development into EIP-1559.
- Developers and hackers unite - apply now to ETHGlobal’s HackFS.
Other Chains:
- Yield Farming vs. Proposal Farming - liquidity provision and governance..oh my!
- 1nch Exchange releases a recap on the Balancer Pool STA deflationary token incident.
- After the Balancer incident, the Balancer Labs team has decided that it will fully reimburse all liquidity providers who lost funds in the attack on June 28th, 2020.
- View the full thread on how someone used the dydx flashloan to drain unclaimed (COMP) in Balancer Pool.
- Compound Governance Proposal #11 passed on June 30th, 2020 which modifies the allocation of (COMP) across markets by removing the borrowing interest rate as a weighting mechanism. This may force some yield farmers to exit certain markets.
- CurioInvest collaborates with Chainlink to provide the world’s first real-time benchmark price for collectible cars.
- Bancor announces Kyber Network (KNC) as a Bancor V2 launch pool. The Bancor V2 KNC pool will allow KNC holders to provide liquidity and earn shares of the KNC pool’s trading fees while maintaining their position on KNC.
- Tendermint Core releases Tendermint v0.34 which is a state-breaking change which includes the upcoming serialization format change.
- Loopring now has the Ren protocol’s RenBridge directly in the UI allowing users to use BTC to mint renBTC. Full thread here.
- Full deep-dive on stablecoins 2.0 and the economic foundations for DeFi.
- UMA Protocol shares that Synthetic Compound (yCOMP) is now live on mainnet. View the full thread here.
- New Safe App is live on Gnosis Safe. Users can now stream assets in real time using Sablier’s real-time finance protocol.
- mStable releases Meta (MTA), the protocol token for mStable which will aid in bootstrapping a community of Governors through their ecosystem reward program on Balancer.
- The Trinity Ethereum client v0.1.0-alpha.36, Lynn Margulis, is now out.
- The Graph releases a full recap on their recent service outage.
- The Maker Foundation Interim Governance Facilitator placed an Executive Vote into the voting system on June 26, 2020 with a couple alterations to the current protocol. These include: adding (KNC) as collateral type, adding (ZRX) as collateral type, raising the Dai Savings Rate Spread from 0-0.25% and raising the Base Rate from 0-0.25%.
- Stellar releases the latest from the Stellar Dev Digest.
- Chainlink VRF aims to support NFT innovation within Polyient Games ecosystem.
- It has been 2 months since Celo mainnet went live and now they have released Celo Dollars (cUSD) on the Celo Network. This now brings a stable asset to the Celo platform.
- MCDEX’s first decentralized perpetual contract ETH-PERP launched on June 29th, 2020 to enable users to trade ETH/USD perpetual contracts with a 10x leverage.
- Monero core developer, gives a full project update on Monero at the Mainnet 2020 online conference from Messari. View the presentation here.
- Maker Foundation’s forum digs into the upcoming (COMP) farming change that could impact the (Dai) peg.
- Monero v0.16.0.1, Nitrogen Nebula, has been released. This is a minor release with fixes and support for Ledger, Trezor, and timestamp fixes for the blockchain.
- Synthetix announces the Acrux release that allows binary options which provide a fixed return based on a binary outcome in the future.
- SatoshiPay releases an article on the 5 Ways the Stellar Network is Changing the Global Payment Industry.
- MobileCoin has been adding a decent amount of members to its MobileCoin Foundation. The Community Arts Stabilization Trust, CAST is the newest member to join.
- SKALE mainnet is now live on both SKALE and Ethereum.
Mainstream Recap:
- Castle Island Venture’s and Coin Metrics co-founder Nic Carter publishes an article at CoinDesk on Where the NY Fed ‘Bitcoin Is Not New’ Blog Goes Wrong.
- The New York Department of Financial Services launches a series of virtual currency initiatives.
- Cryptocurrency exchange Kraken grants $150,000 to open-source Bitcoin payment processor BTCPay.
- Sustainable seafood gets a boost from the IBM Blockchain for insight into the full journey from sea to table for various Norwegian seafood companies.
- CoinDesk reports how supporters of the FC Barcelona soccer club have grabbed over $1.3M worth of tokens that are aiming to give fans voting power in the soccer clubs actions.
- The U.S. Department of Justice (DOJ) indicted the founder of AML Bitcoin, on money laundering and wire fraud charges. View the full court filing here.
- With the craziness of DeFi and Compound in the past week, Coinbase makes Compound (COMP) available on Coinbase Earn and overall Coinbase.
- The UK’s Financial Conduct Authority (FCA) allows Wirecard to resume regulated activity on June 30th, 2020. With the moves by the FCA, Crypto.com issues a statement regarding MCO Visa Cards issued by Wirecard.
- The New York Department of Financial Services releases a notice of Virtual Currency Business Activity License application procedures.
- Square Crypto gives a grant to CoinSwap’s Chris Belcher who is one of the primary developers of CoinJoins.
- BHP Group has completed its first blockchain trade in iron ore with China Baoshan Iron & Steel Co Ltd. in a transaction worth ~$14M. Full story from Reuters here.
- The Graph closes $5M in a SAFT from various crypto funds including: Framework, ParaFi Capital, Coinbase Ventures, Digital Currency Group, CoinIX, Tally Capital, Multicoin Capital, and DTC Capital.
- The Australian Securities Exchange (ASX) has come under pressure regarding the postponement of the launch of a blockchain-based replacement of it’s system. View full report from Financial Times or CoinDesk.
This Week’s Cup of Coffee:
This week, we are dreaming of European travels while having a cup of La Pantoufle from Paris, France based Belleville Brûlerie. This full body coffee has notes of almond and chocolate that makes you want that warm croissant to accompany it. S’amuser!
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