EthHub Weekly #87

ENS on fire, RealT integrates with Uniswap, Set launches inverse strategies, a16z crypto school applications now open, rDai live on mainnet and much more!


Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)


🔥 ENS (and Eric) are on Fire!

If you’ve spent any time on crypto twitter over the last week you will have noticed that the Ethereum Name Service (ENS) has been the shill-of-the-week for the Ethereum community - and we took full advantage of it! Not only did we register our own ENS names (eric.eth and sassal.eth) but we also registered ismoney.eth and opened it up so that anyone could register their own subdomain on it (for example, anthony.ismoney.eth). Eric then took this one step further and registered ethmojis.eth and submitted it as his hack for ETHWaterloo. He also opened it up so anyone can register a subdomain on it such as 🔥.ethmojis.eth (sorry guys, Eric already premined that one). And finally, we set up the EthHub website on IPFS so you can now access it by going to ethhub.eth.link or ethhub.eth/ if you have Metamask installed.

While Eric was at ETHWaterloo he recorded a 2 part special episode for the Into the Ether podcast - be sure not to miss it when it goes live this week. He also put together a thread on the ETHWaterloo hackthon winners here.

Eric was also on the POV Crypto Podcast this week alongside Ryan Sean Adams to discuss Ethereum and have a lively debate with the two hosts David Hoffman and Christian Keroles.

Oh and we also launched ‘ETH is Money’ beanies on our merch shop. Go buy one (using ETH) here!

Okay that was a big update - have a great week everyone!

Anthony


News of the Week

🏦 Tencent to Build Virtual Bank After Hong Kong Regulator Approves License

Chinese internet giant Tencent is set to open a blockchain-based virtual bank after the Hong Kong Securities and Futures Commission (SFC) approved a new license.

Speaking at the World Blockchain Summit in Wuzhen, China on Friday, Tencent blockchain chief Yige Cai said the company’s virtual bank received the SFC’s green-light. Moving forward, the company will assemble a team to support the blockchain-based banking platform, according to Chinese media site Sina Finance.

“Hong Kong’s new regulations and supervision on digital assets transactions validates the importance of blockchain technology and digital assets, which is good news for the whole industry,” Cai said in his speech at the summit.

The SFC has granted virtual bank licences to 12 entities so far. On the list is Infinium Limited, a joint venture between Tencent, Industrial and Commerce Bank of China (ICBC) and other two Hong Kong-based institutional investors.

🚓 Founder of Bitmain Rival Held by Police Over Possible IP Dispute

Zuoxing Yang, founder and CEO of Shenzhen-based bitcoin miner maker MicroBT, is being held by local police to assist an investigation.

The investigation is likely over allegations of intellectual property infringement by the firm related to the technology of its rival Beijing-based crypto mining giant Bitmain, according to one source close to MicroBT with knowledge of the matter. The news was first reported by Chinese crypto news source BlockBeats.

The source confirmed that Yang was taken away by local police at the end of October – after the unexpected return to Bitmain of Jihan Wu, co-founder of the firm. Wu seized control of Bitmain last week by ousting the company’s other co-founder and then-chairman Micree Zhan.

Yang was formerly processor design director at Bitmain, responsible for developing the firm’s flagship AntMiner S7 and S9 models around 2016. However, he left the company and raised over $20 million to found MicroBT – which produces the WhatsMiner range of mining devices – after discussions with Zhan and Wu for stock options fell through.

⚖️ FBI Director: Cryptocurrency Is ‘Significant Issue’ for Law Enforcement

Federal Bureau of Investigation Director Christopher Wray says cryptocurrency is a “significant issue” that is likely to become a “bigger and bigger” problem for the law enforcement agency.

Speaking in front of the U.S. Senate Homeland Security and Governmental Affairs Committee on Tuesday, Wray responded to questions from U.S. Senator Mitt Romney (R-UT) about cryptocurrency, law enforcement and terrorist deterrence, saying:

“We are looking at it from an investigative perspective, including tools that we have to follow the money even in this new world that we’re living in.”

Wray supported Romney’s line of questioning concerning terrorist financing, saying that U.S. adversaries are becoming “more facile with technology and particular various types of technology that anonymize their efforts.”


Project Updates

RealT Integrates with Uniswap

RealT’s flagship property, 9943 Marlowe, is now available on Uniswap. 9943 Marlowe RealToken holders can now go to Uniswap.Exchange and instantly buy or sell Marlowe RealTokens with ETH.

Set Introduces Inverse Strategies

The Set Protocol team introduced two Inverse Set Strategies on TokenSets last week - the Inverse ETH 20 (and 50) Day Moving Average Crossover Set. These Sets track the inverse price movement of the ETH20SMACO and ETH50SMACO to allow for the ability to have a diversified portfolio of moving average strategies.

100 Million Dai Cap Reached

It finally happened - 100 million Dai were minted using the MakerDAO system - hitting the “debt ceiling” that has been in place for several months. Due to this, MKR token holders voted to increase the ceiling to 120 million and lower the stability fee to 5%.

Introducing IPY – Speedometer for the New Financial System

DeFi Pulse introduced Interest Per Year, or IPY for short, a new metric created by DeFi Pulse used to track the performance of DeFi lending markets. Imagine IPY like the speedometer for DeFi measuring the speed at which interest is accruing in DeFi lending protocols given the borrow rate and outstanding debt at that moment. IPY is useful for measuring the potential performance changes of lending protocols in the short term.

ETHOnline Launched

ETHOnline is a remove hackathon series from the ETHGlobal team. The first ETHOnline event will focus on DeFi, scheduled for early 2020.

What's New in Eth2 - 8 November 2019

Updates on the beacon chain, phase 1, light clients and all of the latest research and news surrounding Ethereum 2.0.

a16z Crypto Startup School Opens Applications

a16z’s startup school is a seven-week educational program aimed at helping more technologists get started with building in crypto.

Ethereum Studio Launched

Ethereum Studio is a beginner friendly IDE that lets any visitor to Ethereum.org get started building within minutes. Along with the Studio, there’s now a new landing page to help developers get started, and find other web-based learning experiences here.

Introducing the Ethereum Marketing DAO

The Ethereum Marketing DAO is a group of 50+ marketers, designers and communications professionals dedicated to growing Ethereum as a brand. You can get involved by visiting the website.

Multi-Collateral Dai is Coming

In this recap, the Maker team recap all of the changes coming in MCD including the new terminology, the dai savings rate, the migration process and much more.

eth2 quick update no. 3

Another quick update from Danny Ryan covering the hardening of the fork choice defences, introducing challenges.ethereum.org (bounties) and announcing that a grant has been given out for a super-fast BLS implementation.

rDai Live on Mainnet

rDai (redeemable DAI) allows you to invest your money in an interest generating pool, used for collateralized loans. You still hold on to the exact amount you invested, and can spend and transfer it at will. You also decide who benefits from the generated interest: yourself, a community fund, a charity, or a dApp you are using.

Introducing Burn Signal

Burn Signal is an experiment in distributed preference signalling (intended to help with the EIP process) where users burn ETH to signal their opinion, with results sorted according to a weighted social graph.

Synthetix Rigil Release Now Live

The Rigil Release features a number of updates to the Synthetix platform including exchange fee changes, bug fixes, tightening the sETH peg and more.

Zaidan & Paradigm Labs’ Trade Portal Announced

Zaidan is a non-custodial trading solution developed by Paradigm Labs that provides an extremely price-competitive alternative to existing DEX and relayer models. Zaidan is ultimately designed as an API-based liquidity solution intended to provide public, high quality trading infrastructure to a variety of projects. The current iteration of Zaidan follows a conventional client-server architecture. The client is open-source and can be found on the Paradigm Labs GitHub.

DeltaOne Announced

DeltaOne is the first application utilizing the Razor decentralized oracle network. Using DeltaOne, you can create a “Synthetic Asset” based on any asset in the world, such as gold, real estate, stocks, fiat currencies, cryptocurrencies, etc.

RenVM Chaosnet Launched

Chaosnet is an unaudited and unrefined release of RenVM. It is a pre-production environment for RenVM which is deployed to Ethereum, Bitcoin, Bitcoin Cash, ZCash Mainnet and interoperates real DAI, BTC, BCH, and ZEC (in a permissionless, trustless, and decentralized fashion).

The Status Network Quarterly Report - Q3 2019

A rather beefy Q3 report from the Status team which includes updates for all of their products and services including the mobile & desktop apps, the Teller Network, Keycard and much more.

Updated Uniswap.info Released

The new and improved Uniswap.info is now live with more detailed information about the Uniswap ecosystem and token exchanges. For this release, the team focused on providing more complete and accurate data, better UI/UX and the ability to buy and sell tokens with the Uniswap iframe integration.

Browse POAP Collections Through Etherscan

You can now use Etherscan to browse through yours (or anyone else’s) POAP NFT collection.

Kyber Ecosystem Report #8

Updates from the Kyber team covering network stats, new integrations, a DeFi landscape recap and much more.

Dune Analytics Open to the World

Anyone can now analyze human-readable smart contract data, visualize the results and instantly share it with the world. All for free at http://duneanalytics.com.

Introducing 3Box Wall

Users can now leave comments on 3Box profiles - this feature is called 3Box Wall and opens up new possibilities for social interaction between web3 accounts.


Community Member Spotlight

This week we’re highlighting the great work of Simona Pop!

Simona is the co-founder and CMO of Bounties Network - a platform where anyone can post a bounty for any task and get paid in ETH or any other token that lives on the Ethereum network.

She also sits on the Grants Advisory Committee at ConsenSys.

Keep up the great work Simona!


Interesting Tweets


Ecosystem Bits

Blog Posts

Podcasts

Videos

Misc


Meme of the Week

Are Bitcoiners the boomers of crypto? 😉

Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:


Protect Your Crypto

Buy a hardware wallet:


Donations: 0xA19FCDaD77C1F0fd184689aca88BabCF68010347


Zak Cole: Whiteblock and Testing Eth2

  
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Zak Cole, founder and CEO of Whiteblock joins the podcast to talk about what his team is up to and the developments around Eth2. We start with Zak’s background and how it led him to creating Whiteblock Genesis which is a network testing tool which can be used to test things like Ethereum EIPs, contracts and protocol changes. Whiteblock has been vital in Ethereum 2.0 research and development and recently received a grant from the Ethereum Foundation. He explains how this will be used and shares his thoughts on ETH being money.

Support our show by donating funds to ethhub.eth!

Buy EthHub Merch

EthHub Weekly Recap #86: New merch shop, Burner Wallet tries mainstream, BitMEX email leak, Maple Finance introduced, skinny EIP-1559, DeFiZap announced, Uniswap turns 1 and is Ethereum unforkable?

  
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On the EthHub Weekly Recap we cover topics from the EthHub Weekly Newsletter. In this episode we discuss the launch of the new EthHub merch shop, Austin Griffith brings the Burner Wallet to a large non-crypto conference, BitMEX has an email leak, Maple Finance is introduced, Vitalik writes “skinny EIP-1559”, DeFiZap is announced, Uniswap celebrates its birthday with a good blog post, David Hoffman’s “follow thread” and is Ethereum unforkable because of DeFi?

Support our show by donating funds to ethhub.eth!

Buy EthHub Merch

EthHub Weekly #86

Austin Griffiths Burner Wallet at Splunk conference, Maple introduced, DeFiZap Released, Gnosis launches Sight and much more!


Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)


👕 New Merch Store!

A few days ago we launched our redesigned merch store that now accepts crypto as payment (yes, ETH is money). Funny story about this is that Eric managed to build the entire store overnight after people triggered him on Twitter. You could even say that he entered beast mode. Anyway, we’ll be adding more merch to the store over time - you might even see an ETH2 holiday sweater on there!

We also wanted to give a huge shout-out to Kaiynne (founder of Synthetix) as he was kind enough to gift EthHub the ethismoney.eth ENS domain name! We’re still thinking up cool ways to make the most of the domain so if you have any ideas please let us know.

Have a great week everyone!

Anthony


News of the Week

😧 BitMEX Exchange Exposes User Base in Email Beach

On Friday at 08:00 UTC, BitMEX alerted its clientele via blog and Twitter that it had accidentally revealed many of its user’s email addresses in the CC: field.

The unfortunate email also opens users up to targeted phishing attacks, as anyone obtaining the email has a portion of what’s needed to access the account login.

BitMEX has now asked customers to add BitMEX’s support email to their contact lists to decrease phishing emails along with adding 2-factor authentication (2FA). The exchange appeared to suggest a bug caused the incident, saying on the company blog: “The error which has caused this has been identified and fixed.”

“We are aware that some of our users have received a general user update email earlier today, which contained the email addresses of other users,” they said on the blog. “Our team have acted immediately to contain the issue and we are taking steps to understand the extent of the impact.”

🔥 Ethereum-based Burner Wallets Helped an IT Conference Give $40,000 to Charity

Data analytics giant Splunk raised $40,000 for charity from 10,000 attendees at its annual conference in Las Vegas last week by gifting everyone an Ethereum-based blockchain wallet, in what became showcase for the power of “big data” merged with blockchain technology.

Buttercup Bucks (BCB) was the name of the ERC-20 token created to pay for conference swag, activities and donations.

Originally designed by ConsenSys research director Austin Griffith, the open-source “burner wallet” simply requires users to be connected to the internet and able to open a web browser on their mobile devices.

“It gives users the ability to participate without having to jump through all the hoops,” Griffith told CoinDesk in an interview. “You can get right in and use it first. It’s like a Trojan horse into the decentralized onion.”

Over 2,000 individual donations were made to three different non-profit organizations including NetHope and Conservation International. The single highest donation of $10,446 was awarded to the human-trafficking awareness group Global Emancipation Network.

⚖️ Reggie Middleton Reaches $9.5 Million SEC Settlement Over ICO Fraud

The U.S. Securities and Exchange Commission (SEC) said it has reached a settlement with Reggie Middleton, organizer of the fraught $14.8 million Veritaseum (VERI) initial coin offering (ICO).

In a filing with the New York Eastern District Court, dated Oct. 31 and published today, Middleton agreed to the consent decree of the final judgment, without having to admit or deny the allegations, while waiving any right to appeal.

The settlement came three weeks after the court announced that it had entered into a discussion with Middleton to settle the case.

The defendant agreed to pay approximately $9.5 million to settle the case.

According to the SEC filing, Middleton has the obligation to pay disgorgement and prejudgment interest of $8.47 million, plus a civil penalty of $1 million.

The case concludes the long-running saga since 2017, with Middleton accused of allegedly raising millions of dollars through an initial coin offering without registering with the SEC, while misleading investors to attract more funds with false information.


Project Updates

Introducing Maple

Maple is the world’s first crypto bond platform. It enables users of DeFi lending platforms to issue crypto bonds (aka Maple SmartBonds) secured by their crypto assets. Maple’s MVP is nearly finalised and is going through private testing. The public Beta product is expected to be released in the next two weeks and will integrate with Compound. With Maple’s protocol, you can use your cDai as collateral to 1) create SmartBonds to borrow and speculate on interest rates or, 2) invest in SmartBonds to lock in a fixed interest return.

Skinny EIP-1559

Vitalik introduced ‘Skinny EIP-1559’ last week which is a proposal to implement a greatly simplified transaction fee reform mechanic that is intended to have similar (though slightly less optimal) effects to EIP 1559 but at ~1/5 the implementation complexity.

DeFiZap Released

DeFiZap allows you to allocate your capital across Compound, bZx, TokenSets and others in a single transaction. Zap is a smart contract that auto-spreads incoming deposits based on pre-set allocations.

Gnosis Launches Sight

Sight is a prediction market powered by the Gnosis condition token framework. You can apply to be part of the closed beta on their website.

Eth2 Quick Update No. 2

Danny Ryan gives us a quick update on the progress of Eth2 including details on the latest spec release (v0.9.0), on-going phase 1 work and client development focused on the eth1 -> eth2 infrastructure.

DeFi School Launched

The DeFi School is a collection of resources for learning about Decentralized Finance - including a newsletter and podcast!

Editors note: sounds like this was inspired by EthHub? ;)

Loopring Update

Loopring is preparing for the multiparty computation ceremony required for Loopring 3.0’s trusted setup (phase 2), made technical improvements to their exchange performance and gives an outline of the road to public beta for Loopring 3.0.

Uniswap Turns 1

Uniswap launched exactly 1 year ago - to celebrate, founder Hayden Adams put together a blog post detailing Uniswap’s origin.

0x Details v3

The vote to implement v3 of the 0x protocol will begin on November 4th and run until November 11th. If approved, v3 will be implemented on the Ethereum mainnet on November 25th. 0x v3 features include a new ZRX staking mechanism, DEX liquidity aggregation, the ability for relayers to support flexible fees, and various technical improvements for ecosystem devs.

IDEX 2.0 Introduced

IDEX 2.0 features a new UI/UX and combines an off-chain matching engine with a unique layer-2 smart contract settlement system, Optimized Optimistic Rollup (O2 rollup), to enable scaling to hundreds of thousands of transactions per second.

CDPs Now Called Maker Vaults

Say goodbye to the term ‘Collateralized Debt Position’ or CDP in multi-collateral Dai - they’ll instead be called ‘Vaults’.

Ethereum 2.0 Development Update #38 — Prysmatic Labs

This update includes lessons learned from PryLabs public testnet, the usual updates on merged code, pull requests and issues and an outline of upcoming work for the team.

InstaDApp Now Supports All CDPs and Compound Positions

Last week InstaDApp launched support for all MakerDAO CDPs and Compound Positions, no matter where they were created.

Radar Launches DEPLOY

Deploy is a NodeOps platform that makes it simple for developers to spin up Bitcoin and Ethereum nodes, ensure reliability, scale their applications, and customize their infrastructure to suit their needs.

ConsenSys CodeFi Update

CodeFi has published the actual scores for each DeFi lending pool and open sourced the implementation code.

ENS to Integrate into 35 Crypto Wallets

35 wallets have now signed-up to integrate the ENS multi-coin feature. This further cements ENS’s place as the most widely adopted cryptocurrency wallet naming standard by a wide margin.

Gods Unchained’s Genesis Sale Has Ended

Gods Unchained’s parent company, Immutable, sold a total of 33,333 ETH worth of Genesis cards over the last few months. The best bit? These cards will never be produced again and those who bought them will soon be able to trade them on an exchange just like they would any Ethereum-based token.

Introducing dDai

dDai lets you earn interest with ‘smart DeFi recipes’. Curious about what that means? Watch this explainer video from the founder of Dexwallet to learn all about it.

Introducing Activate by Codefi Networks

Codefi Networks is a platform that facilitates the launch and participation in decentralized networks. The mission is to enable the global activation of decentralized networks by connecting users, enablers, and creators of decentralized networks.

Ethereum Cat Herders Update #14

In this update, Pooja walks through how the Cat Herders invision themselves as a “Support Desk” for Ethereum, runs through the upcoming Ethereum network upgrades and a Devcon V recap.

ΞID Mobile Announced

ΞID is an experiment to understand decentralized identity in the mobile environment. The ΞID Mobile experiment seeks to understand what are the optimal method(s) to overcome several unique decentralized identity challenges.


Community Member Spotlight

This week we’re highlighting the great work of Alex Masmej!

Alex is currently working on various DAOs and DApps and is a member of the MetaCartel. He’s very active on Twitter - often tweeting about the different things happening with various DAOs as well as models for new ones plus discussing ideas around how to improve Ethereum and everything built on top of it!

Keep up the great work Alex!


Interesting Tweets


Ecosystem Bits

Blog Posts

Podcasts

Videos

Videos


Meme of the Week

Can Ethereum 2.0 can save the world?

Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:


Protect Your Crypto

Buy a hardware wallet:


Donations: 0xA19FCDaD77C1F0fd184689aca88BabCF68010347


Gnosis Safe: Improving Security and UX with Smart Contract Wallets

  
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Stefan George, co-founder and CTO of Gnosis, joins the podcast to discuss smart contract wallets. We start with a background on Gnosis and then immediately dive into the origins of smart contract wallet development. The initial idea of the Gnosis multi-sig has taken on a new form in the Gnosis Safe. We discuss what features the Safe and smart contract wallets in general enable for users on Ethereum. The most important ones highlighted are around security and improved user experience.

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