Crypto && Coffee 096
- 6 minsTechnology Recap:
Bitcoin:
- Users running LND are urged to upgrade to v0.13.3 for a new important security update that reveals a vulnerability that can be exploited through HTLC dust.
- On October 4th, 2021 the Lightning Network capacity surpassed 3,000 BTC! It has increased ~27% in a month.
Ethereum:
- The Merge is on its way! After the Altair hard fork on mainnet Beacon Chain on October 27th, 2021, all core devs will focus on the devnets and testnets prior to The Merge. It is roughly expected for everything to occur in Q1/Q2 of 2022.
- Solidity v0.8.9 has been released! This upgrade is a pure bugfix release and fixes two important but low severity bugs.
- Prysmatic Labs releases a statement on client diversity across eth2 with respect to Nimbus, Teku, Lighthouse, and their own Prysm clients.
- Coinbase shares the technical benefits of EIP-1559.
- Danny Ryan publishes the latest updates on the upcoming Altair hard fork, Merge interop spec and more!
- Prysmatic Labs releases v2.0.0 which is the largest release to date for Prysm. This upgrade includes support for the upcoming Altair hard fork on mainnet Beacon Chain which will occur at epoch 74240 or roughly October 27th, 2021.
Other Chains:
- Cosmos releases their Engineering Newsletter with focus on Tendermint Core, Cosmos SDK, IBC and Relayers, Gravity DEX, CosmWasm, and more!
- ImmutableX is powering the launch of TikTok Top Moments, its first creator-led NFT collection on layer-2 with the help from StarkWare.
- Nethermind shares that they are an official agent developer on Forta, the brand new threat detection and security protocol for smart contracts from the team behind OpenZeppelin.
- StarkWare’s StarkNet Alpha is coming to mainnet Ethereum in November! StarkNet Alpha will for now include permissioned smart contract deployments and a chance that there is no backwards compatibility.
- Aave has now been deployed on Avalanche!
- Polygon shares that NFT marketplace, OpenSea, is now fully integrated and live on Polygon PoS.
- The Juno mainnet successfully launched within a minute with 80+ validators joining. For a full dive into Juno, review their tokenomics and utility that are now being used on Osmosis Interchain AMM.
- The Electric Coin Company is collaborating with Protocol Labs, Filecoin Foundation, and the Ethereum Foundation to contribute to interoperability and privacy across web3.
- Publishing on Mirror is now open to all! Connect your wallet and start a decentralized blog in seconds.
- Axelar Network shares that Bitcoin is coming to all Cosmos connected chains soon and is now live on testnet!
- ChainSafe Systems launched NodeWatch in collaboration with the Ethereum Foundation to give insights into Ethereum consensus, node sync status, regional info and more!
- Composable Finance announces the integration of zkSync into its cross-layer capable solution, integrating this major scaling platform with Mosaic.
- Ren releases their Ren Ecosystem Update for September 2021 with focus on Greycore, BTC stable pool on Arbitrum, integration with Immunefi and more!
- Dani Wall, Director of Operations at ShapeShift shares their latest update on their integration with Osmosis, the Cosmos AMM.
- A proposal has been created to fund Aave Risk DAO, an organization of contributors dedicated to risk analysis for the Aave protocol.
- Commonwealth announces that they have partnered with Injective Labs to launch an all-in-one governance interface for the Injective community.
- Index Coop shares that they are collaborating with Ren to bring the data economy to DeFi.
- Monero will soon be available on Lamassu ATMs!
- Ren releases their development update for September with focus on Loki testnet, Greycore consensus updates and more!
- DeversiFi publishes a primer on Yield Farming and what it is.
- Monero has now launched a bounty program to help fund researchers!
- Columbus-4 mainnet was successfully halted. Terra validators exported the old chainstate into a new genesis file for Col-5 which went live on mainnet on September 30th, 2021.
- Band Protocol’s BandChain Phase 2 Proposal 5 is now live to enable one of the key features of Phase 2 upgrade - IBC Oracles.
- StarkWare has successfully implemented Blake2s into Cairo!
- A new BTC stable pool on Avalanche has been launched via Curve Finance!
Mainstream Recap:
- On September 29th, 2021, Compound Finance launched an upgrade to their Comptroller contract which had an inequality symbol bug that caused the Comptroller to give away more rewards to suppliers than expected. As a result, roughly $162M worth of COMP tokens are vulnerable to excessive awards with about $120M already claimed.
- Visa unveils a proposal for a Universal Payment Channel (UPC) to enable interoperability between stablecoins and CBDCs similar to Cosmos Hub. In addition, they have deployed a sample smart contract to Ethereum’s Ropsten testnet.
- U.S. Bank announced Tuesday, October 5th, 2021 that its cryptocurrency and custody service is available to fund managers.
- a16z is leading a new round of funding in Forta, an enterprise-grade Web3 security platform that was incubated by the OpenZeppelin team. Forta is the first real-time threat detection and security protocol for smart contracts.
- CoinDesk reports that Bank of America has launched a digital assets research initiative after three months of forming a crypto group.
- On October 5th, 2021 Gemini turned six years old!
- Pacsun will be the first major branch in the fashion and retail space to accept Bitcoin and other cryptocurrencies using payment provider, BitPay.
- TechCrunch reports that Coinbase will propose a federal regulatory framework for crypto to US officials within the next month.
- The Kraken Security Labs team discovered flaws in General Bytes Bitcoin ATMs.
- Etherscan releases a new view into bridges across layer-1 and layer-2 and access to their transactions, internal transactions, and contract executions.
- Georgios Konstantopoulos shares the importance of EVM-based smart contracts accounting for validation of the “msg.sender” and initiator before executing a transfer, swap, or trade as this is a known vulnerability that bots are now targeting to easily retrieve millions of dollars in ETH.
- Hodl Hodl announces the successful closure of their Series B funding round. The round attracted investors from Kingsway Capital, Low Time Preference Fund, XBTO Humla Ventures, and Samson Mow.
This Week’s Cup of Coffee:
This week, we are headed to Chicago, IL for a cup of Kenya Karindundu from Big Shoulders Coffee. This roast boasts flavors of pineapple, nectarine and blackberry with simple notes of chocolate to round it all off. A perfect balance as we still have some warm days! Sip up and enjoy!!
Related Posts
