Crypto && Coffee 101
- 5 minsTechnology Recap:
Bitcoin:
- With less than 300 blocks to go until Taproot activation, deep dive into Murch’s thread from this summer on all things Taproot, Schnorr, and Bech32m.
- Lightning Labs shares the State of Lightning including ecosystem news, crazy stats and more!
Litecoin:
- Litecoin is now the second most transacted crypto with BitPay merchants!
Ethereum:
- Ethereum Foundation announces the Arrow Glacier upgrade which will push the difficulty bomb back for potentially the last time. The upgrade is scheduled for block 13773000 around December 8th, 2021.
- Geth v1.10.12 is now out which enables the Arrow Glacier hard fork on mainnet which is scheduled for December 8th, 2021. This release also bundles the Spolia PoW testnet as the successor for Ropsten and ships with native Go call tracing.
- November 5th, 2021 was the first Merge Community Call! Full agenda and transcript from the meeting can be found here.
- Vitalik Buterin introduces some of the cryptographic techniques used in Zcash’s Halo protocol and a few others! SNARKs and Ethereum??
- Check out this article from Ethereum developers on thoughts around ZK-Rollups and their dominance.
- Core dev researchers demonstrate the impact from the hotswap from Proof-of-Work (PoW) to Proof-of-Stake (PoS).
- Bankless shares the latest update for the Ethereum roadmap and what will take place in the next year!
Other Chains:
- Optimistic Ethereum successfully upgraded and EVM Equivalence is now live! The core network (layer-1 contracts and sequencer) are online and support for various services will be coming on a rolling basis.
- At 7pm EST on Monday, November 8th, 2021 ENS governance token launched with thousands claiming their tokens.
- The new ARC is out for Aave V3!
- The Electric Coin Company engaged NCC and QEDIT in preparation of Zcash’s upcoming NU5 network upgrade for full security reviews. No critical issues were found.
- Gelato integrates the mistX API into their platform bringing front-running protection for all users.
- Alex Atallah, CTO of OpenSea, announced the creation of an NFT Security group at NFT.NYC.
- Ethereum EVM is now on Cosmos through Cronos mainnet beta going live! Cronos is the first Cosmos EVM chain for DeFi, NFTs, and metaverse.
- Across Protocol is now live on mainnet! Across is one of the fastest and cheapest layer-2 to layer-1 bridges. Across has been audited by OpenZeppelin and users can now bridge USDC, ETH, and UMA from Arbitrum back to layer-1.
- StarkWare deep dives into how StarkEx actually works!
- Enjin has formed a $100M fund, the Efinity Metaverse Fund, which will aim to support work on metaverse projects on Efinity - a blockchain developed by Enjin and Polkadot.
- Pendle Finance shares that they are joining the Avalanche party.
- Tezos releases their latest Baking Sheet which covers all things from NFT collectables to decentralized gaming.
- Avalanche shares their AVAX Bridge which connects directly to one’s MetaMask wallet.
- THORChain devs are working closely with Monero and Haven devs to release a cryptonote Bitfrost to fully integrate Monero.
- Ripple announces that they will launch a product called the “Ripple Liquidity Hub” to give business customers access to BTC, ETH, LTC, ETC, and BCH from a range of global exchanges and markets.
- Chainsight Analytica shares how Uniswap V3 introduces a new form of MEV attack - Just-in-Time Liquidity (JIT), that allows LPs to add and remove concentrated liquidity positions atomically in one block.
- Rocket Pool is now live! Within the first two hours, 94 nodes across 28 time-zones have registered. Stage 1 target of 15 mini-pools was accomplished and they are looking forward to Ethereum pool staking.
- Dystopia Labs launches the WGMI ecosystem aiming to help expand the crypto cult and enact a better web3 future.
- zkSync is actively integrating industry-leading Chainlink Price Feeds into the zkSync v2.0 network!
Mainstream Recap:
- On November 5th, 2021 bZx announced that the private key controlling their Polygon and BSC deployments had been compromised. The Ethereum deployment was not impacted as it was under DAO control.
- Paradigm researcher, Samczsun, shares a 0-day that was found in Etherscan.
- The Swiss National Bank (SNB) says that it will be ready to launch a wholesale CBDC in January 2022, using Switzerland’s newly licensed Six Digital Exchange (SDX).
- The Bank of England and HM Treasury announced the next steps on the exploration of a UK CBDC.
- Coinbase announced full standalone functionality to Coinbase Wallet extension. Customers can now browse DApps, access thousands of cryptocurrencies and trade through DEXes and more via the extension.
- CoinDesk shares how Revolut is looking to hire a tech lead to build a crypto exchange according to a new job listing. The U.K. based fintech firm, which has a $33B valuation, has been offering crypto buying/selling services for the past couple years.
- OKEx will join forces with zkSync in its mission to make self-sovereign participation in the digital economy.
- Twitter shares that they are building a team under Tess Rinearson focused on crypto, blockchains, and other decentralized technologies.
- Andreessen Horowitz leads a $50M funding round for Matter Labs, the firm behind zkSync.
- Sanchan Saxena, VP of Product at Coinbase preview’s their new Coinbase NFT marketplace!
- Solana Ventures, FTX, and Lightspeed launch $100M blockchain gaming fund.
- The FBI released a public service announcement on November 4th, 2021 warning about fraudulent schemes leveraging cryptocurrency ATMs and QR codes to facilitate payments.
- Brave partners with Solana to integrate it into the browser and make it the default for DApp support.
- Neon Labs, a crypto startup building an EVM for Solana has raised $40M in a private token sale.
- Palantir is looking into crypto as the COO, Shyam Sankar, states that he believes the company’s new crypto software will be an accelerant for crypto companies.
- Matter Labs welcomes Mirana Ventures, Venture Partner of Bybit and BitDAO as strategic investors.
- Tim Cook says he owns crypto…
This Week’s Cup of Coffee:
This week, we are giving a shoutout to all the Bored Apes and the new BoredBreakfastClub which generates breakfast NFTs that unlock coffee shipments!! Their first blend, Continental Breakfast is an ode to international coffees bringing that warm welcome to jump start your day! Check it out and sip up!!
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