Crypto && Coffee 098
- 6 minsTechnology Recap:
Bitcoin:
- Bitcoin has reached a new ATH and Taproot is only 22 days away!!
- Anthony Towns shares how to fully test Taproot with a testnet wallet. This dives into creating a wallet, deriving a bech32m address and more!
Ethereum:
- Tim Beiko shares a recap of the Amphora Interop event, highlighting the next steps to The Merge and more!
- The Go Ethereum team has released Geth v1.10.11! This upgrade fixes a few minor bugs and a regression from v1.10.10.
- Danny Ryan of Ethereum Foundation publishes the latest in eth2 with the Altair upgrade coming soon on October 27th, 2021!
Other Chains:
- Terra is becoming part of the Interchain world and is joining other IBC-based protocols after receiving 100% Yes votes on their Cosmos Proposal.
- dYdX shuts down Solo while the team focuses on layer-2.
- Ren announces Ren Labs, a new organization focused on the next phase of Ren: the growth of a third-party application ecosystem.
- Arbitrum unveils Arbitrum Nitro, the next iteration of Arbitrum which is built on standard technologies like WASM and Geth.
- Bonded Finance leverages Chainlink Price Feed oracles to calculate collateral and liquidation ratios.
- Yearn Finance releases their latest newsletter with focus on multichain expansion with Fantom, Vaults, and full transparency on their roadmap.
- Shell Protocol announces Proteus, the new AMM engine powering Shell Protocol v2.
- Kyber Network shares their new Dynamic Trade Routing algorithm which enables KyberDMM to find the optimal route and split trades via multiple DEXs.
- Tesseract is the first project hatched from YFI Combinator which will bring vaults and yield farming strategies from ETH to Polygon.
- ENS announces a new metadata service for ENS names which will allow a much wider range of data to be displayed, including enabling the user to have control over more data around their name and future improvements.
- Archway, a smart contract platform, announces a new incentivized smart contract chain for Cosmos!
- Toucan Protocol recaps their past 18 months and their full roadmap up to the launch of Toucan!
- Replit announces their official Solidity development template!
- Cosmos shares their quarterly keynote via Cosmos Signal, which focuses on advancements through interop technology such as Emeris, Starport, and Terra + Injective joining other IBC-enabled chains.
- dYdX shared that for a limited time, all new dYdX users are eligible to receive a 75 USDC bonus after depositing at least 1K USDC.
- Agave, a decentralized, non-custodial money market and lending protocol, has integrated Chainlink Price Feeds on the xDai network.
- Hodl Hodl launches Lend 2.0, their new lending platform with a major security upgrade with migration tools, new internal infrastructure and more.
- Keplr shares how to connect Osmosis with Keplr mobile for full operations with the Cosmos ecosystem.
- Since March 2021, Cosmos blockchains have exploded with Cosmos SDK moving from securing $60B to $120B and IBC support has jumped from a single chain to 16.
- Shard Labs releases a StarkNet HardHat plugin for smart contract devs!
- ARCx published a new article digging into the recent Ribbon Finance airdrop and how ARCx could have protected against exploitation.
- Ocean Protocol publishes an article on how to properly fork Ocean Market and run your own data marketplace in only 9 steps.
- Liq Protocol integrates Chainlink Price Feed oracles on Solana to upgrade the reliability and precision of its liquidation engine.
- Specter v1.7.0 is now live! This new release enables Liquid support as well.
- Wormhole V2 user interface now supports Terra, meaning that users can seamlessly port assets between Terra, Solana, Ethereum, and Binance Smart Chain via a single interface.
Mainstream Recap:
- The Commodity Futures Trading Commission (CFTC) orders Tether and Bitfinex to pay fines totaling $42.5M for making untrue or misleading statements and omissions of material fact in connection with USDT stablecoin.
- ProShares Bitcoin Futures ETF, BITO, rises in debut after the long-awaited investment vehicle went live on NYSE. The fund is linked to bitcoin futures that are traded on the Chicago Mercantile Exchange.
- Coinbase is adopting FROST: Flexible Round-Optimized Schnorr Threshold Signatures which the Zcash Foundation invented for secure multisig.
- Attorney General James directs unregistered crypto lending platforms to cease operations in New York.
- Jack Dorsey shares that Square is contemplating the build of a Bitcoin mining system based on custom silicon and open source for individuals and businesses.
- Indexed Finance was exploited and ~$16M of tokens were stolen from their indices. Check out the full post mortem and deep dive!
- a16z releases An Agenda for the Future of the Internet which focuses on their new web3 policy hub.
- Coinbase announces that they are now the official crypto platform for the NBA, WNBA, NBA2K League, and USA Basketball.
- David Marcus, leading Facebook Financial, announces the small pilot of the Novi Wallet in the US and Guatemala.
- Paradigm publishes _A Guide to Designing Effective NFT Launches. _
- Grayscale announces that the Grayscale Zcash Trust, Grayscale Stellar Lumens Trust, and Grayscale Horizen Trust has begun trading on the OTCQX Best Market, the top tier operated by OTC Markets Group Inc..
- The Bank of England’s deputy governor of financial stability stated that crypto now potentially poses a risk to the global financial system.
- Jack Mallers of Strike, announces Pay Me, which allows Strike users to enable direct deposit to their account and configure any amount of the incoming money to be converted into BTC with zero fees.
- Republic, a crowd-equity platform that offers investments in startups, real estate, gaming and crypto has launched a $60M seed fund.
- The Stellar Development Foundation has made a $40M investment through its Enterprise Fund as part of a $145M Series E round in Tala, a fintech company focused on financial inclusion.
- Uniswap hires a new communications chief, Hari Sevugan, a former senior spokesperson for the 2008 Obama presidential campaign.
- Coinbase launches their Digital Assets Policy Proposal (dApp) which will help chart a course for clear regulation of crypto and web3 in the US.
- USDC has been added to Hedera Hashgraph as the enterprise minded are eyeing DeFi.
- Element Finance announces the closing of their $32M Series A at a $320M valuation. The round was led by Polychain Capital and included previous investors Andreessen Horowitz, Placeholder, A_Capital, and Scalar Capital.
- A Solana-native options platform, PsyOptions raises $3.5M for options liquidity mining and NFT derivatives.
This Week’s Cup of Coffee:
This week, we are heading back to Mother Tongue Coffee in Oakland, CA for a cup of Nebula! This sweet dark roast yields flavors of chocolate and hints of spices while still being low in acidity. Sip up and enjoy!!
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