Crypto && Coffee 110
- 3 minsTechnology Recap:
Bitcoin:
- Maxim Orlovsky proposed a new BIP to add optional fields to PSBTs for spending from an output using a Pay-to-Contract (P2C) protocol. A P2C allows a spender and a receiver to agree on a contract and then create a public key that commits to the contract.
Ethereum:
- The Ethereum Foundation provides guidance on the movement away from “eth1” and “eth2” terminology. As of late 2021, core devs have started using the preferred terminology of “execution layer” and “consensus layer”.
- A thread was being shared throughout the community last week regarding frontrunning post EIP-3074. EIP-3074 deals with the AUTH and AUTHCALL opcodes which allow externally owned accounts (EOAs) to delegate control of their account to a contract account (CA).
- The Ethereum Cat Herders celebrate their third anniversary!
Other Chains:
- ShapeShift reveals its new open-source v2 platform! This will allow users to track, trade, and earn funds all in a non-custodial manner with no added fees.
- Nethermind announces the first major release of Warp! Warp brings Solidity to StarkNet, making it possible to compile Ethereum smart contracts to Cairo.
- Themis is now live which allows users to borrow against their Uniswap V3 liquidity position.
- Lead developer of Ethereum Name Service (ENS) announces the first release of the ENS toolkit which supports off-chain resolution of ENS names.
- ParaSwap is now live on Fantom after 98% of voting community members passed the proposal.
- Maple Finance introduces Loans V2! The new set of V2 contracts sees transaction costs lowered and increased capital efficiency for not just Borrowers, but LPs and Stakers too.
- Paradigm introduces the Constant Rate Issuance Sales Protocol, or CRISP, a pricing mechanism that aims to sell NFTs at a targeted rate over time.
- First issue of the full StarkNet roundup is now live! This covers all protocol updates and governance.
Mainstream Recap:
- Twitter launches their new NFT Profile Pictures which are powered by OpenSea’s API.
- Gemini acquires trading platform Omniex and thus launches Gemini Prime.
- The International Monetary Fund (IMF) is pushing El Salvador to ditch bitcoin as legal tender.
- Facebook and Instagram are diving into the NFT space with talks that Meta is developing ways to create, display and sell NFTs on the platforms.
- The Bank of Thailand (BOT), the Securities and Exchange Commission (SEC), and Ministry of Finance (MOF) have jointly reviewed the benefits and risks of digital assets and deem it necessary to regulate the usage of digital assets.
- OpenSea acquires Dharma Labs with Nadav Hollander, co-Founder and CEO of Dharma Labs becoming OpenSea’s new CTO.
- BitBase, a Spanish startup, plans to open two stores to buy and sell cryptocurrency in Portugal and install crypto ATMs.
- Secret Network announces $400M in ecosystem funding with new investment firms joining the Secret ecosystem as stakeholders. Those include: DeFiance Capital, Alameda Research, CoinFund and HashKey.
- BlackRock plans to launch a blockchain and crypto technologies ETF, as noted in their recent filing with the SEC.
- The Graph Foundation has secured $50M through a strategic GRT sale from its treasury in order to aggressively onboard the brightest minds in web3.
- Michael Saylor, Founder and CEO of MicoStrategy shares information on the 2-day Bitcoin for Corporations event with keynotes from Jack Dorsey and more!
- Andreessen Horowitz plans to raise $4.5B for new crypto investments. $3.5B will be for its latest cryptocurrency venture fund and $1B for a separate fund with focus on seed investments into digital asset startups.
- Sam Bankman-Fried’s crypto exchange, FTX, told customers they can join a waitlist for the FTX Visa debit card.
- Coinbase hires former U.S. Securities and Exchange Commission (SEC) employee Thaya Knight as its senior public policy manager.
This Week’s Cup of Coffee:
This week, we are heading up to Wasilla, AK for a cup of Sidama Dara Dark Roast from Genesis Coffee Lab. This single origin Ethiopian roast yields notes of dark chocolate, citrus, and hints of juice. Sip up and enjoy!!
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