Crypto && Coffee 050
- 6 minsTechnology Recap:
Bitcoin:
- Continuing to push forward!
BitcoinCash:
- BitcoinCash will experience a chain split/fork on November 15th, 2020. The split will create BCHA and BCHN. Users wanting to follow BCHA, a chain that will fund network development predictably from the block reward, should run BitcoinABC v0.22.6 (BCHA network) or any previous v0.22.x version. Users wanting to follow BCHN, a chain that will fund network development from donations, should run the BCHN edition via BitcoinABC v.0.22.6 (BCHN network).
- BCHA chain will be immune to the risk of wipeout and block reorganization while the BCHN chain will not be immune.
Ethereum:
- The ETH2.0 Deposit Contract has been deployed! The contract has the MIN_GENESIS_TIME set for December 1st, 2020. In order to trigger genesis at that time, there must be at least 16,384 (32 ETH) validator deposits (524,288 ETH in total) 7 days prior to December 1st. As of today there is 52,892 ETH staked into the Deposit Contract.
- Ethereum Foundation shares full v1.0 spec of the ETH2.0 Deposit Contract.
- Sigma Prime releases the latest update for Lighthouse as they expect v1.0.0 to be released between November 24th and December 1st.
- View the multiple scenarios that may occur at genesis time for ETH2.0.
- Prysmatic Labs shares their ETH2.0 Dev Update and mainnet announcement.
Other Chains:
- Infura posted an incident where they experienced a service outage for their Ethereum mainnet API which caused a number of services that use Infura to go down for some time. This outage was a cause of a code change introduced by ETH Core developers leading to a chain split starting at block 11234873. Full thread here.
- Samczsun posts a deep-dive into using a price Oracle and the various Oracle manipulations and malfunctions that can occur.
- Wasabi Wallet announces Wasabi Wallet 2.0 with a complete UI/UX rewrite as well as the full integration of WabiSabi for CoinJoins. The team estimates it will go live with 2.0 in about 9 months.
- Status announces that they support the ETH2.0 Deposit Contract in conjunction with the Nimbus team.
- Celo holds a Governance Proposal to reward early users with a stake in the platform.
- Beam releases their latest episode of Beam Pulse which dives into the insights and overall strategy for BeamX.
- BEPSwap breaks $5M in 24 hour volume, ranking as a Top 15 DEX.
- 1inch Exchange has integrated Portis Wallet by ShapeShift into 1inch’s v2 platform.
- Kava Labs announces that HARD Protocol, the cross-chain money market built on the Kava blockchain is now using Chainlink’s Price Reference oracles from the Kava blockchain.
- With the recent 51% attack on Monero, the Monero team has released v0.17.1.3 to fine tune the way a node deals with misbehaving peers.
- Cosmos releases a Governance Proposal to update the amount of blocks_per_year value downward as the block times have gone up.
- Keep3r Network publishes a new oracle candidate which includes: sampling arbitrary fixed windows, hour/daily/weekly fixed pricing, volatility, and Block Scholes estimates.
- TornadoCash privacy pool is testing new heights with ~$11.88M in USD as of November 10th, 2020.
- FalconSwap announces the integration of Chainlink Price Feeds live on their testnet to integrate with FalconSwap’s layer-2 decentralized exchange.
- Status announces the v0.6-alpha release of their Nimbus client.
- Wrapped ETH on Avalanche is almost here! Avalanche mainnet will soon be able to wrap everything on Ethereum.
- The Electric Coin Company shares Zcash metrics illustrating the large uptick in shielded transactions as adoption continues to grow.
- UMA announces developer mining with 50,000 (UMA) being paid out weekly to developers that deploy synthetic assets using UMA.
- Offchain Labs displays their new Arbiswap by porting Uniswap V2 onto Arbitrum Rollup’s testnet.
Mainstream Recap:
- In an announcement provided to CoinDesk last Thursday, November 5th, 2020 - Binance states that they have recovered 99.9% of stolen crypto by purported automated market maker (AMM) Wine Swap.
- GRiN, the Mimblewimble based blockchain suffered a 51% attack last week as the attack most likely was using rentable hashing power from NiceHash. The single attacking miner at the time of the event controlled 58.1% of the network.
- A multisig bug in the BSV blockchain has been exploited with ~600 BSV funds stolen. This exploit originated from BSV removing the most widely used Bitcoin-based multisig script, Pay-to-Script-Hash (P2SH) - replacing it with a threshold that used the wrong inequality symbols.
- Riccardo Spagni, previous lead-maintainer of Monero and co-Founder of Tari, shared information on an attacker who bumbled their way through a 51% attack against Monero, trying to correlate transactions to the IP address of the node that broadcast it. This caused no effect on Monero’s on-chain mechanisms, and was mitigated by Tor, I2P, as well as Dandelion++.
- The U.S. Department of Justice (DOJ) has seized over $1B USD worth of Bitcoin that is linked to the Silk Road.
- Coinbase now supports Civic (CVC), Decentraland (MANA), and district0x (DNT) at Coinbase.com and on their Android and iOS apps.
- Square releases their Q3 2020 earnings and goes in depth on their Bitcoin holdings, revenue, and more.
- The U.S. Department of Justice (DOJ) has filed a lawsuit to stop Visa’s planned $5.3B acquisition of fintech firm Plaid. The lawsuit notes its proposed acquisition of Plaid violates both Section 2 of the Sherman Act and Section 7 of the Clayton Act. Plaid provides infrastructure for multiple fintech platforms such as PayPal’s Venmo and Coinbase.
- Well-known crypto exchange, ShapeShift has now delisted Monero and Dash as reported by Decrypt and even more recently has removed Zcash from its trading platform reported by CoinDesk.
- Blocknative announces $5M in new financing to scale their mempool data platform.
- NIFTEX, a platform for fractional trading of NFTs, announced a $500K funding round led by 1kx and joined by CoinFund, MetaCartel Ventures, Sparq, and Digital Currency Group. Full report from CoinDesk here.
- Andreesen Horowitz backed Deel announces the launch of Deel Crypto. Deel Crypto will allow users to withdraw one’s paycheck in the cryptocurrency of their choice.
This Week’s Cup of Coffee:
This week, we are heading over to Coatesville, PA for a cup of Guatemala / Sonrisa from Maquina Coffee Roasters. This chocolaty cup of coffee yields vanilla sweetness and a hint of candied orange to get you in the mood for the upcoming holidays. Drink up!
Related Posts
