Crypto && Coffee 103
- 5 minsTechnology Recap:
Bitcoin:
- OKCoin launches the option to make Sats the standard for Bitcoin.
- Square has released a whitepaper detailing a new decentralized protocol for exchanging Bitcoin, digital assets and others through tbDEX.
- Review the latest doc on overall adoption of P2TR transactions since Taproot activated.
- Bitcoin Dev Blog has been launched which aims to make technical and open content for Bitcoin developers.
Ethereum:
- Erigon has been reviewing the scope of how eth2 relates to their client and options on the future of testnets within Ethereum after The Merge.
- Danny Ryan publishes the latest update on Ethereum consensus-layer from ETH Research and Development. This week he focuses on Kintsugi specs, and the eth1 upgrade to Arrow Glacier.
- Etherscan now displays transaction details on those that were sent as part of a bundle via Flashbots.
- Ben Edgington shares the latest in eth2 with focus on the Beacon Chain, The Merge, the launch of Rocket Pool, and more!
- The Go Ethereum team releases Geth v1.10.13 which is a scheduled maintenance release with a few polishes but nothing major.
Other Chains:
- Binance completes their integration of Arbitrum One which now allows deposits for ETH on Arbitrum One layer-2.
- The Electric Coin Company illustrates their focus on wallets, Proof of Stake (PoS) and interoperability in their latest product roadmap.
- Aave Arc is introduced which provides an isolated Aave market and sandbox environment for institutions to experience the power of DeFi.
- With The Electric Coin Company shifting focus to PoS, Zcash could leverage Cosmos to immediately realize the benefits of cross-chain interoperability.
- The Oasis Protocol Foundation introduces Emerald, the EVM Compatible ParaTime, a new smart contract environment offering full EVM compatibility on the Oasis network.
- ZigZag Exchange shares their Starknet contracts and has started integrating these contracts into their trading interface.
- Slingshot is now available on Arbitrum!
- A new ARC was created on Aave to add ENS as collateral.
- BSC validators are complaining on GitHub regarding gas prices and the lack of code review, support, and proper testing.
- Monero introduces the XMR<->ETH atomic swap project from Noot.
- Hasu and Georgios Konstantopoulos publish an article on Staking Pools and Staking Derivatives as we move towards eth2.
- Cash2VN, the Crypto Remittance Platform for Vietnam, has added Monero (XMR) as an additional choice for crypto users wanting to send remittances to Vietnam.
- Entropyfi is now using Chainlink Price Feeds for their Polygon mainnet launch as their go-to oracle solution for price data.
- Anish Agnihotri of Paradigm shares that MultiFaucet now supports Rinkeby, Arbitrum Rinkeby, Polygon Mumbai, and Avalanche Fuji C-Chain.
- Ren sneaks that host-to-host is coming to RenVM.
- Edge Wallet shares that it has included Zcash (ZEC) with full shielded support on Android.
- Realms announces that they are pivoting from Arbitrum to StarkWare Starknet for their Settling game.
- Stellar USDC is now live on Fireblocks, with support for more Stellar-based assets in the coming year.
Mainstream Recap:
- The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency, release a joint statement on Crypto-Asset Policy Sprint Initiative and Next Steps.
- CoinDesk shares that Bank of America sees stablecoin regulation as a catalyst to mass adoption.
- El Salvador plans to issue the world’s first sovereign Bitcoin bonds and build Bitcoin City, which will be free of income, property, and capital gains taxes.
- Blockstream shares their collaboration with the Republic of El Salvador for an issuance of $1B USD in tokenized bonds on Liquid.
- Bitfinex shares their collaboration with the Republic of El Salvador to build the digital securities infrastructure and exchange that will allow the government to issue their bond offering to build Bitcoin mining infrastructure.
- Euler shares a simple hack to automatically find the account balance slot in ERC-20 contracts using Hardhat’s mainnet fork feature.
- Snapshot Labs, a DAO governance solution provider, has completed a $4M seed round led by 1kx with support from Coinbase Ventures, StarkWare, MetaCartel, Gnosis, and Scalar.
- With the completion of the first Polkadot parachain auction, creator Gavin Wood draws contrast to Ethereum and Ethereum’s competitors.
- Fold announces their partnership with Niantic Labs to build the bitcoin metaverse.
- Mining infrastructure firm GRIID has secured a $525M credit facility from the crypto exchange and wallet provider Blockchain.com.
- Nerve Bridge lost $585K after a reward manipulation vulnerability was exploited to drain fUSDT and UST pools.
- A malicious actor took advantage of the wZNN smart contract on BSC where they emptied Zenon Network’s BNB pool by $1B.
- Andreessen Horowitz, a16z, shares news on their investment in Royal, a web3 platform designed to allow music fans to support their favorite artists and connect with them.
- Formation.Fi was exploited on November 20th, 2021 for $100K due to an insufficient validation of the fee parameter within the Formation USD smart contract.
- Binance is working to rebuild its wallet to deal with technical issues that resulted in users accounts being frozen and erroneous Dogecoin transactions.
- Celo’s Optic bridge was compromised after a recovery mode was activated on the Ethereum GovernanceRouter smart contract.
- ConsenSys closes a $200M round and is now valued at $3.2B.
- StarkWare announces their Series C of $50M and is now valued at $2B.
This Week’s Cup of Coffee:
This week, we are heading to Rogers, AR for a cup of Framily from Onyx Coffee Lab. This holiday Ethiopian roast brings complex notes of cocoa with mixed hints of sweet berries, and earl grey. Add a little bit of milk to this cup and you are definitely in the holiday spirit! Sip up and enjoy!!
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