Crypto && Coffee 087
- 6 minsTechnology Recap:
Bitcoin:
- Bitcoin Optech Newsletter is providing a weekly series on how developers and service providers can prepare for the upcoming Taproot activation.
- Rust-Bitcoin releases v0.27.0 which adds support for bech32m addresses.
- River Financial brings seamless Lightning network transaction functionality to their iOS app.
- BTCPay Server shares support for both receiving and sending to Taproot addresses which will go live at block height 709632.
- In March, I noted that the Lightning network held a capacity of 1,161.6 BTC. As of today, only four months later the Lightning network now has a capacity of 2,028.344 BTC with a massive jump in additional nodes and channels! It’s just the beginning.
Ethereum:
- A consensus bug was found on the Ropsten testnet within Geth, thankfully as via another client due to client diversity. The bug was uncovered by OpenEthereum and Besu rejecting block 10679538.
- Vitalik Buterin gave a talk at EthCC last week discussing things that matter outside of DeFi.
- EIP-3675 has been proposed which is the specification of the consensus mechanism upgrade on Ethereum which introduces “The Merge”, i.e. Proof-of-Stake.
- Ethereum Foundation’s Danny Ryan releases an update on The Merge, Altair progress, and pushes for all eth1 nodes to upgrade for the London fork.
- Ethereum product roadmap was posted for Q3 of 2021.
- Sigma Prime releases their latest update regarding Lighthouse v1.5.0 and more!
Other Chains:
- Monero identifies a bug in their decoy selection algorithm that may impact a transaction’s privacy.
- StarkWare’s StarkEx v3.0 is now live on mainnet!! This includes layer-1 vaults, SHARP, a new batch-long-flash-loan capability, and more! These advancements will enable DeFi pooling and dAMMs.
- Etherscan releases an update that allows users to search if an address has been used on other EVM compatible chains.
- Chainlink Price Feeds are now live on Avalanche mainnet! This will provide ecosystem developers with seamless access to high quality price reference data across a variety of assets.
- Lido presents a detailed overview of their road to decentralization. This mainly focuses on trustless staking and what encompasses that.
- Saber announces a partnership with BadgerDAO and Ren to bring Interest Bearing Bitcoin (ibBTC) to Solana.
- Dai is now live on Element Finance!
- Should you use that spot price as your oracle??
- Tezos shares how to create tokens on their chain!
- Immutable X announces their native ERC-20 IMX token. The motive behind IMX is to accelerate the expansion of Immutable X by incentivizing trading activity and protocol adoption.
- Polygon shares how to deposit and withdraw on Polygon PoS Commit-chain on Binance.
- Aave to launch its institutional DeFi platform Aave Arc within weeks!
- Pickle Finance releases a new site, app, and branding style.
- BLAKE3 version 1.0 has been released on GitHub and Rust’s crates.io!
- Aave Governance vote executed and AMPL market is now live on Aave Protocol at a fully utilized rate.
- Secret Network launches the first truly private voting application. SEFI will be used to govern SecretSwap.
- The Dynamic Federations release is underway, and 6 of 11 functionaries required for the hard fork are already signaling. This will be the next major upgrade for the Liquid Network.
- Blockchain at Columbia, the student-run organization for blockchain technology at Columbia University, has decided to launch a DAO to expand the scope of the organization’s opportunities.
Mainstream Recap:
- Binance’s CZ is apparently looking for a replacement as CEO with a strong regulatory background as the exchange continues to get hit by regulators.
- U.K. based NatWest joins Santander and Barclays blocking U.K. debit and credit card payments to Binance.
- Binance drops the daily withdrawal limit from 2BTC to 0.06BTC for users that have only completed Basic Account Verification. This change is effective immediately.
- Blockstream unveils Greenlight, a new Lightning service which provides a simple, secure access to the Lightning Network - allowing anyone to spin up their Lightning node in the cloud while retaining complete control of funds.
- JPMorgan Chase & Co. are now allowing its wealth management clients to invest in a selection of crypto funds including Grayscale’s Bitcoin Trust.
- Ripple announces the first live on-demand liquidity offering in Japan!
- Goldman Sachs has filed an application with the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that would offer exposure to public companies in the DeFi and blockchain space around the world.
- Casa announces three major updates including recurring buys, Casa credit via referring friends, and two additional ways for Casa members to save on buys.
- Thesis, a crypto venture studio behind projects like tBTC has raised $21M in a Series A funding round. The round was co-led by ParaFi Capital and Nascent, with participation from Fenbushi Capital, Polychain Capital, and Draper Associates.
- An exploit was revealed on THORChain where any contract call could drain one’s RUNE without the need for any approval calls.
- Nansen announces support for the Polygon network! Users can now track the latest smart contracts created on Polygon, get a macro perspective on any given token, information on wallets, and more.
- Tether executives are said to face criminal probe into bank fraud. The U.S. Department of Justice is investigating them for a possible offense conducted years ago. And here is Tether’s response to the article.
- Crypto ATM installations globally have increased by more than 70% to 24,191.
- a16z backs a $20M round for Valora, a digital wallet built on the Celo blockchain.
- SWIFT launches SWIFT Go, a fast and cost-effective service for low-value cross-border payments. Some say this in response to the rise of blockchain-based payment networks such as Ripple.
- Sevenlabs’ True Decentralized Exchange (TDEX) launches its hybrid mobile app for the first decentralized exchange protocol built on the Liquid Network.
- Saber has raised $7M from Social Capital, Jump Capital, and more! Saber is a Solana based cross-chain exchange for swapping stablecoins and wrapped tokens.
- Former Google Distinguished Engineer and Dropbox CTO and SVP, Bharat Mediratta, joins Coinbase as Fellow to bring technical experience to the company. The role is expected to drive technical strategy and be a key technical contributor in crucial areas.
This Week’s Cup of Coffee:
This week, we are staying local in San Francisco, CA for a cup of Sweet Tooth single origin espresso from Ritual Coffee! This anti-blend brings out tons of light flavors such as passionfruit, key lime pie, and hints of chocolate. Definitely check this out if you want to see a different side of coffee. Enjoy!!
Related Posts
