Crypto && Coffee 048
- 4 minsTechnology Recap:
Bitcoin:
- The MuSig2 paper was finally published by Jonas Nick, Tim Ruffing, and Yannick Seurin. The paper describes a new variant of the MuSig signature scheme with a two round signing protocol. MuSig allows multiple signers to create an aggregate public key derived from their individual private keys, and then collaborate to create a single valid signature for the specific public key.
- Andrew Chow shares a post on the wallet features coming to Bitcoin Core v0.21.
- Jameson Lopp, CTO of Casa, shares an article on why it’s hard to understand Bitcoin and aims to help educate new users to the ecosystem.
Litecoin:
- PayPal announces in addition to supporting Bitcoin, Ethereum, and BitcoinCash, users will be able to buy, hold, and sell Litecoin!
Ethereum:
- Vitalik Buterin shares considerations on using Kate commitments to commit to Ethereum contract code to reduce witness sizes.
- On the latest Bankless podcast, ETH2.0 dev, Danny Ryan, shares that core devs are expecting the Deposit Contract to bridge Ether to ETH2.0 will be released around mid-November 2020.
- Solidity v0.7.4 is out! This release fixes a storage corruption bug that occurs when copying empty byte arrays to storage.
Other Chains:
- DeversiFi is aiming to upgrade to StarkEx v2 within 4-weeks harnessing conditional transfers for rapid withdrawals, layer-1/layer-2 composability and much more.
- Tokensoft partners with Anchorage to bring wrapped layer-1 assets to Ethereum. The first asset launched is Wrapped Zcash (WZEC).
- StarkWare launches its STARK-based randomness beacon, VeeDoo on mainnet! Pay the contract 0.2 ETH, and out comes randomness!
- Ocean Protocol announces the release of v3! Ocean v3 has been rebuilt to simplify the on-boarding for Web3 natives, leverage the Ethereum network’s decentralized trust architecture, and remove technical complexity.
- Argent introduces a major upgrade to trading where users can trade any token pair at the best market rate via integrating Paraswap.
- Crypto derivatives exchange Bybit has integrated Chainlink’s Price Reference Data into its future trading platform.
- The Ren ecosystem releases their October update regarding RenVM, Ren Alliance Members and more.
- Bisq Network v1.4.2 is now out. This release includes trade protocol improvements, Tor upgrades, bitcoinj updates and quicker startup speeds.
- Chainlink launches a sCEX/USD price feed to provide users DApps with reliable price data for a basket of centralized exchange tokens. This is already being used by Synthetix.
- PlatON integrates Chainlink as its recommended oracle into their next generation PoS blockchain platform, starting with mainnet sandbox Alaya.
- As Avalanche has hit 600 full block-producing validators, the documentation and workflows for developers is growing!
- The Electric Coin Company introduces Zcash Gitcoin Grants. They are aiming for the official launch of their grants on November 2nd, 2020.
- Yield Protocol is now live on Ethereum mainnet!
- The AUDIO platform token is now live on Ethereum mainnet.
- Status releases v1.8 which aims to improve user control over communication and finances. The update includes increased private chat group sizes to 20, allows users to not connect to history nodes, and added a scan button to fetch ERC-20 tokens.
- IDX is a brand new SDK for building with decentralized identity and user-centric data from the 3Box Labs team. Check it out here.
Mainstream Recap:
- Harvest Finance was exploited for roughly $24M with $2.5M being returned to the deployer in the form of USDT and USDC. The hacker cashed out almost all earnings via renBTC and TornadoCash.
- Bitfinex, who was an early supporter of Lightning Network, has now added the ability to deposit and withdraw large amounts of bitcoin via Wumbo channels.
- Kraken announces an important milestone in their expansion into the APAC region with the launch of account funding and trading in Japan.
- Bison Trails introduces QT (Query & Transaction) nodes for PoS and PoW blockchain networks. QT connects off-chain systems like banking or trading products and services to blockchain data.
- Kyber Network launches the KyberPRO framework in a step towards bringing traditional players into the crypto ecosystem.
- In the latest a16z newsletter, Andreessen Horowitz shares the FinCEN files fallout regarding AML.
- Messari shares that there are over 50 projects building on Cosmos targeting DeFi with infrastructure from Band Protocol, Kava, Terra, and THORchain.
- Square Crypto announces a new grant for Riccardo Casatta, a FOSS dev who is on sabbatical from Blockstream and helping others build the Bitcoin Development Kit.
- CoinDesk reports that JPMorgan is about to see the first commercial transactions with its own JPM Coin.
- Polymarket raises $4M early round lead by Polychain Capital with participation from Naval Ravikant, Balaji Srinivasan, Meltem Demirors, Robert Leshner of COmpound, Aave’s Stani Kulechov, Synthetix’s Kain Warwick, ParaFi, and more.
This Week’s Cup of Coffee:
This week, we are traveling down to Birmingham, AL to grab a cup of Misfit House Blend from Revelator Coffee. This full-bodied roast yields flavors of butterscotch, dark chocolate and hints of toasted pecan. Revelator is known for their bold and smoky dark roasts and this one definitely doesn’t disappoint. Enjoy!
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