ENS on fire, RealT integrates with Uniswap, Set launches inverse strategies, a16z crypto school applications now open, rDai live on mainnet and much more!
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🔥 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!
News of the Week
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.
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.
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.”
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.
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.
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%.
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 is a remove hackathon series from the ETHGlobal team. The first ETHOnline event will focus on DeFi, scheduled for early 2020.
Updates on the beacon chain, phase 1, light clients and all of the latest research and news surrounding Ethereum 2.0.
a16z’s startup school is a seven-week educational program aimed at helping more technologists get started with building in crypto.
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.
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.
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.
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 (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.
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.
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 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 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.
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).
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.
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.
You can now use Etherscan to browse through yours (or anyone else’s) POAP NFT collection.
Updates from the Kyber team covering network stats, new integrations, a DeFi landscape recap and much more.
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.
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!
Zak Cole: Whiteblock and Testing Eth2 - Into the Ether
Tokenizing PoolTogether, with Leighton Cusack - POV Crypto
Is There Still a Bull Case for Ethereum with Ryan Sean Adams - Blockcrunch Podcast
Mapping the Web3 stack with The Graph - Zero Knowledge
Synthetix's Kain Warwick: How Ethereum Will Absorb a Quadrillion Dollar Market - Chain Reaction Podcast
Meme of the Week
Are Bitcoiners the boomers of crypto? 😉
Peter McCormack@PeterMcCormack@sassal0x @jperkinsx @WhatBitcoinDid @balajis @TrustlessState Cool, the episode is provisionally titled "The Shit Show that is Etheruem".
Looking for Work?
Top jobs listed on Cryptocurrency Jobs this week:
Senior Software Developer - Virtue Poker
Product Owner, Growth - Immutable
Senior Solidity Engineer - Argent
UX Designer - Brave
+100’s more on the Cryptocurrency Jobs website!
Protect Your Crypto
Buy a hardware wallet: