Crypto && Coffee 044
- 5 minsTechnology Recap:
Bitcoin:
- Bitcoin active addresses have hit an all time high (200-day moving average) via CoinMetrics!
- The implementation of Gallant, Lambert, and Vanstone (GLV) endomorphism to speed up the verification of signatures in Bitcoin, which was first proposed by Hal Finney in 2011 and later implemented by Pieter Wuille has been restricted from use via the U.S. Patent 7,110,538. On September 25th, 2020 the patent expired, removing the legal uncertainty. A PR on the libsecp256k1 repo has now been opened to always use GLV endomorphism algorithm, which is expected to decrease the initial sync of Bitcoin Core significantly.
Ethereum:
- Ethereum Foundation releases Geth v1.9.22, Noverian Rum. This ships some minor features including one that can now raise your transaction gas prices.
- Vitalik Buterin posts on an open problem looking for an ideal polynomial commitment scheme that can be used for state storage constructions within Ethereum. He notes this does not block or slow down the active development on ETH2.0.
- Ethereum Cat Herders share another update on all things ETH2.0 and the latest remarks from the Core Devs Meeting.
- View the latest update from EIP-1559, which looks to change Ethereum’s fee market.
Other Chains:
- Blocknative introduces their Ethereum Mempool Explorer. This explorer is a net-new way to build real-time streams of in-flight transaction data to better handle vulnerabilities, arbitrage, opportunities, and complexity.
- Agoric releases the Alpha release which introduces their smart contract platform which enables JavaScript developers to start working on DeFi quickly.
- Loopring shares their three new liquidity mining campaigns on Loopring Exchange.
- Monero Research shares the successful completion of the Bitcoin–Monero Cross-Chain Atomic Swaps.
- Bison Trails is now powering ZKValidator across Cosmos, Polkadot, Kusama, and NEAR Protocol. ZKValidator is used to run a community-focused Staking as a Service to promote privacy research and interact with governance on PoS networks.
- Fairmint introduces FACE, a continuous SAFE for always open equity offerings.
- As of September 24th, 2020, NEAR Foundation has unstaked their nodes and thus NEAR mainnet is now fully community operated.
- Akash integrates with Kava Lab’s USDX as the first coin for fee settlement on Akash’s DeCloud platform.
- Ocean Protocol shares Ocean Market - an open-source community marketplace for staking, Automated Market Makers, and Initial Data Offerings.
- Set Protocol announces the launch of their second Yield Farming Strategy on Token Sets. This strategy focuses on the ETH WBTC Yield Farming Set.
- Optimism posts their latest milestone on Optimistic Ethereum and next steps on the first phase of their testnet launch.
- In line with the Optimistic Ethereum testnet launch, Synthetix share’s their first phase of transition to Optimistic Ethereum to trial SNX staking on the layer-2 scalability solution.
- Loopring and DXdao announce their new layer-2 product, Rails, which enables instant, gas-free Ethereum transfers.
- Chainlink is supporting Gitcoin’s Round 7 Grants!
- Aave Governance is officially on mainnet in addition to the first Aave Improvement Proposal (AIP)!
- Mainnet for Oasis Network is fast approaching on October 1st, 2020. In recent days they have introduced the Genesis File, Mainnet Dry Run, and more.
- Status shares how to participate in the open lending DeFi space with Aave.
- The core Band Protocol development team has submitted the first BandChain Improvement Proposal (BCIP-1) to propose upgrading BandChain from Wenchang to GuanYu.
- Coda has relaunched as Mina Protocol - the world’s lightest blockchain powered by participants.
- Shield mining is here with Nexus Mutual. View the full recap in their latest post.
- Tokenized staking, Rocket Pool will launch their 2.5 Medalla Rolling Beta on October 6, 2020 at 00:00 UTC.
Mainstream Recap:
- KuCoin hacker laundered $150M started by swapping (OCEAN) for Ether via Uniswap. Ocean Protocol responded to the hacker and liquidation. Here is a good thread on all the participating addresses and transactions.
- Ernst & Young, EY, issued a press statement stating it’s OpsChain Network Procurement platform is designed to enable companies to run private end-to-end procurement activities. The platform itself utilizes Baseline Protocol and operates on the Ethereum blockchain.
- Gemini is now open for business in the UK. Users in the UK can now use the exchange’s products, including Mobile App, to buy, sell, and store crypto.
- Andreessen Horowitz’s late-stage venture fund has received the green light from the U.S. Federal Trade Commission (FTC) for a transaction involving Coinbase.
- Visa’s crypto strategy is featured in a recent Forbes article which outlines its next steps.
- Binance announces the initiation of swapping tokens from Enigma (ENG) to Secret Network (SCRT).
- Litecoin is now supported by Klever on iOS or Android.
- Bitfinex lists Synthetix Network (SNX) with deposits opening on September 25th, 2020 and trading and withdrawals following on September 26.
- The Commodity Futures Trading Commission (CFTC) is accusing the Laino Group Limited firm, which is trading as PaxForex, of illegally conducting retail commodity transactions and not having registered as a futures commission merchant.
- CoinDesk reports Bitfinex has launched Tether-settled perpetual contracts that track two European equity market indices.
- Caitlin Long shares how the Wyoming Blockchain Hackathon was up 10x from last year. With 4,386 unique participants from 97 countries.
- Gemini announces support for shielded Zcash withdrawals! This is the first time shielded ZEC withdrawals are available on a regulated exchange. Privacy coins are finally coming to the forefront of centralized exchanges and regulation.
- The Electric Coin Company shares the news as well and announces a live Twitter Q&A with Tyler and Cameron Winklevoss as well as Zooko Wilcox from ECC at 3pm ET on September 30th, 2020.
- Leverj launched Futures Trading. One can now trade leveraged perpetual swaps on the Leverj exchange.
This Week’s Cup of Coffee:
This week, we are heading down to Melbourne, Australia to grab a high-end cup of La Maravilla from Market Lane Coffee. This Guatemalan roast sheds notes of milk chocolate with hints of green apple and peach. Market Lane is seen as one of the premier roasters in Melbourne and definitely doesn’t disappoint. Enjoy!
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