Crypto && Coffee 088
- 6 minsTechnology Recap:
Bitcoin:
- Olaoluwa Osuntokun, CTO of Lightning Labs shares their protoc code gen tool, Falafel, which can now generate JSON/WASM stubs!
- This week Bitcoin Optech focuses on scriptless multi-signatures and how they will be used in Taproot via MuSig.
Ethereum:
- The London hard fork will take place in ~3700 blocks around 05:13AM PDT tomorrow, August 5th, 2021, at block height 12965000. All services and providers need to ensure their nodes are running Geth v1.10.6. Get ready to see some ETH burned!
- Ethereum celebrated it’s 6th birthday last week on July 30th, 2021! Here’s a throwback podcast from Unchained where Vitalik discusses the history and lookback of the early days.
- Tim Beiko shares the latest update from last week’s All Core Dev’s call.
- Ben Edgington shares what’s new in ETH2.0 with focus on the Beacon Chain, Altair, The Merge, Lido, and staking.
- Altair devnet 2 forked successfully on July 29th, 2021. This is likely the last devnet before forking the public Pyrmont testnet.
- 26% of Ethereum supply is now in smart contracts.
Other Chains:
- Loopring announces dAMM, a collaboration with StarkWare for cross layer-2 AMMs.
- Chainlink and Synthetix are now finally on layer-2 Optimism via L2 Kwenta Alpha! The L2 Alpha will offer both the Kwenta and Synthetix communities an opportunity to learn more about Synth trading on layer-2.
- dYdX announces the launch of the dYdX Foundation, an independent foundation headquartered in Zug, Switzerland. This is the first step in the journey towards the dYdX Protocol’s complete decentralization.
- ZKSwap launched V2 of its platform on July 27th, 2021. V2 will expand its asset ecosystem by enabling users to add and swap any ERC-20 token and shorten the withdrawal period from the ZKSwap layer-2 to a supported layer-1.
- Ren releases their July 2021 update with focus on RenBridge, RenVM, and Ren’s dominance throughout DeFi.
- The Electric Coin Company shared a post from Zooko on August 3rd, 2021 on whether or not Zcash should switch from Proof-of-Work (PoW) to Proof-of-Stake (PoS).
- Mirror announces mCLUB, a new grant-giving DAO. The DAO will focus on recruiting, backing, and supporting creators and communities onto the Mirror platform while offering various learning experiences.
- DeversiFi launches the first layer-2 bridge between Polygon for instant transfers!
- Dave White publishes an article on the Time-Weighted Average Market Maker.
- Figment shares their support in Secret Network’s IBC governance proposal passing! These are the first steps in integrating with the Cosmos ecosystem.
- AnySwap announced a partnership with OKExChain! OKExChain is a set of open-source public chain projects supported by OKEx, which achieved both high performance and decentralization.
- Jack Dorsey shares info on Wasabi Wallet!!
- Jameson Lopp, CTO of Casa, publishes his results for continuous testing of node sync times across various altcoins.
- Saber releases their 2021 Q3 roadmap and provides a look at their progress over the past few weeks!
- sLINK minted on Optimism has now surpassed the supply of LINK bridged onto Optimism.
- Larry shares the Nakamoto coefficient, the minimum number of validators that can collude to shutdown a network on a few various networks.
- Dotmoovs explains how they are building the sports (mining) experience and how Polygon is helping them make Play2Earn a reality.
Mainstream Recap:
- Crypto exchange, Kraken, celebrated 10 years on July 28th, 2021!! Read a full thread from the co-founder Jesse Powell.
- Israel’s Ministry of Finance published a draft law last week that would require investors to report crypto holdings exceeding 200,00 Israeli shekels.
- Chair Gary Gensler of the U.S. Securities and Exchange Commission (SEC) publishes his remarks on crypto before the Aspen Security Forum.
- FTX announces the rebranding of the Blockfolio mobile app to the FTX app.
- Binance announces that it will no longer offer crypto futures and options trading to users in three European countries: Germany, Italy, and the Netherlands.
- ProFunds, a premier provider of a diverse lineup of mutual funds, announced the launch of the Bitcoin Strategy ProFund (BTCFX).
- Lolli closes a $10M Series A funding round led by Acrew Capital, Banana Capital, Up North Management, and Animal Capital.
- Coca-Cola created its first-ever NFT collectibles to commemorate International Friendship Day on July 30th, 2021. All proceeds from the four-day auction on OpenSea will go to Special Olympics International.
- Breadcrumbs publishes their analysis of the funds and heist behind the THORChain exploit which occurred on July 15th, 2021.
- Fabric announces $130M Venture Fund to back the founders of the Open Economy. Fund 2021 is backed by the European Investment Fund, Atomico, Galaxy Digital, DCG, and the founders of Ethereum, Wise, and MySQL. The fund will refine the thesis of their 2017 portfolio with companies including: Polkadot, TheGraph, Sorare, 1Inch, SkyMavis, and Near Protocol.
- Cryptocurrency exchange, CoinDCX, is in discussions to close a new financing round of $100-$120M from investors led by Facebook co-founder Eduardo Saverin’s B Capital Group.
- Fred Wilson shares thoughts on the recent U.S. Infrastructure Bill and crypto.
- Tenderly, a developer platform for Ethereum devs to monitor and test smart contracts, has closed a $15.3M Series A funding round led by Accel with additional participation from existing investors.
- In light of FluffyPony being offline and in custody, the Monero Core team has removed all of his admin and write permissions over Monero repos and moved 5,577 XMR from the General Fund to another account where he has zero access.
- NCR Corporation, a leading enterprise technology provider, announced a definitive agreement to acquire LibertyX, a leading cryptocurrency software provider.
- Digital asset management platform, Aspen Digital, raises $8.8M in Pre-A Funding led by RIT Capital Partners and Liberty City Ventures.
- CoinDesk reports that Kitco, a Canada-based provider of news and data on gold and other precious metals, is getting into the stablecoin game.
- A new proposal of a digital transformation law in Spain would introduce the use case of paying mortgages with cryptocurrency.
- Zabo is being acquired by Coinbase. Zabo looks forward to working as part of Coinbase to continue to bring crypto mainstream and increase economic freedom to billions of people.
This Week’s Cup of Coffee Cocktail :
It’s 5 o’clock somewhere! This week, we are switching it up a bit and making one of my favorite tiki drinks, the Jungle Bird. For this drink you will need: 1 ½ ounces El Dorado dark rum, ¾ ounces Campari, 1 ½ ounces pineapple juice, ½ ounce of lime juice, and a garnish! Add everything together into a shaker with some ice, shake until well-chilled and serve! Cheers!!
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