EthHub Weekly #102

ProgPoW drama, MakerDAO upgrades governance system, Synthetix adds Ether collateral and much more!


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


🗽 Ethereal New York 2020

I wanted to give a quick shout out to Ethereal New York which is happening on May 8-9, 2020. Eric and I will both be attending and we’ll be recording a live Into the Ether podcast and we might even be discussing how ETH is money (stay tuned!).

Anyway, if you’re interested in attending, you can currently get early bird tickets for up to $150 off by paying in DAI via Unlock - simply head here for details. We hope to see you there!

Note: this is not a sponsored post.


🤡 ProgPow… again

Well, what can I say? ProgPoW discussions have heated up again on Twitter and Reddit and they show no signs of slowing down. Unfortunately, this issue has now reached critical mass and it has become extremely polarizing within the Ethereum community. I won’t rehash the arguments here, but Eric and I will be covering it on this weeks weekly recap podcast. Make sure you’re subscribed so that you don’t miss it.

I also joined The Block Experience podcast this week to discuss Set Protocol, eth2, education in Ethereum, and much more. Head here to give it a listen!

Have a great week everyone!

Anthony


News of the Week

⚖️ Blockchain Startup Enigma Settles with the SEC

The U.S. Securities and Exchange Commission (SEC) has settled securities law violation charges with Enigma MPC, a blockchain startup that raised $45 million in a 2017 token sale.

The regulator announced Wednesday that under the settlement Enigma will refund "harmed investors" using a claims process, register its tokens as securities with the SEC, file reports to the agency and pay a further $500,000 as a penalty. Enigma sold ENG tokens in 2017, which the SEC said are securities. Engima did not qualify for an exemption from securities registration requirements, according to the SEC.

According to a blog post, Engima will set up the claims process in the near future. The Enigma mainnet, which launched on Feb. 13, now has more than 20 validators, the company claimed, with the mainnet based on Cosmos SDK and secured by a new coin dubbed "secret," according to its blog post.

Enigma is now looking for "legally compliant avenues" for swapping its ENG token, which is built on ethereum, for its new SCRT token.

🤔 Binance Is Not Under Our Jurisdiction, Says Malta Regulator

Binance is neither licensed to operate, nor is it regulated in Malta, the country's chief financial watchdog has said.

The Malta Financial Services Authority (MFSA) issued a statement Friday denying it has ever regulated Binance or that the exchange has ever had leave to operate in the island nation's fledgling cryptocurrency industry.

Citing reports in the media that referred to Binance as a "Malta-based cryptocurrency company," the regulator announced Binance "is not authorized by the MFSA to operate in the cryptocurrency sphere and is therefore not subject to regulatory oversight by the MFSA."

Binance announced it was opening an office in Malta in March 2018 soon after it clashed with regulators in Japan, where the exchange had previously attempted to establish a presence. At the time, Maltese Prime Minister Joseph Muscat welcomed the exchange to the country, tweeting the island nation would support Binance's goal to become the "global trailblazers in the regulation of blockchain-based businesses.”


Project Updates

What’s New in Eth2 - 21 Feb 2020

A great update from Ben this week covering phase 0, BLS news, testnets, phase 1 & 2 and much more. Ben also revealed his new project, The Ethereum 2.0 Annotated Specification, which attempts to annotate the Ethereum 2.0 specs (phase 0, phase 1, phase 2 and SSZ).

MakerDAO Upgrades Governance System

The latest Maker governance proposal introduced the long awaited 24 hour governance delay which means that any changes to the Maker system through governance won’t kick in for 24 hours.

A Short History and a Way Forward for Phase 2

Will Villanueva posted an implementation, vision and background plan for eth2 phase 2 moving forward. This represents the work Quilt will likely focus on over the next year.

Geth v1.9.11 Released

DNS discovery, sqrt tx propagation bandwidth, new .js engine and bug fixes in this new release.

Synthetix Adds Ether Collateral

In the Achernar release, the Synthetix team is introducing Ether as an alternative form of collateral in Synthetix. It’s a major piece of new functionality, so they’re launching with a three month trial period to observe demand and user engagement.

DeFiZap Integrated into Frontier

Mobile wallet app Frontier has integrated DeFiZap which means you can now access the dapp on the go.

Introducing Decentraland Virtual Mortgage

You can now acquire up to $10,000 of LAND paying 12-40% interest over 6 months by collateralizing the loan with an NFT.

Dharma Android App Now Live

Following last weeks iOS app release, the Dharma team have released their app to the Google Play store which means Android users can now earn 6.6% APR on their dollars in minutes.

Uniflash Introduced

Uniflash is a decentralized flash loan protocol that gives all fees to users. It currently supports Ether and ERC20 tokens.

Coinbase Becomes a Visa Principal Member

Coinbase has become the first pure-play crypto company to be approved as a Visa principal member. Visa membership will enable the company to further improve the customer experience, making it easier to spend cryptocurrency in everyday situations.

RealT Rent Payments V2

RealT is using Compound Finance to bolster the rental payments to RealToken holders. Rental income to token-holders will be increased by 1/2 of the Compound Dai Supply-Rate.

Announcing DeFi Audits

DeFi Audits is a new initiative to bring increased transparency to various DeFi protocols on Ethereum.


Community Member Spotlight

This week we’re highlighting the great work of Alex Van de Sande!

Alex is a long-time Ethereum community member best known for his work on the now discontinued Mist Ethereum browser. Alex now spends his time working on UniLogin which is a decentralized, non-custodial login for dapps. Recently, he also started work on Much Clearer Dai which is an open source initiative to make MakerDAO’s code more readable.

Keep up the great work Alex!


Interesting Tweets


Ecosystem Bits

Blog Posts

Podcasts

Videos

Misc


Meme of the Week


Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:


Support EthHub:


Protect Your Crypto

Buy a hardware wallet:


EthHub Weekly #101

mStable introduced, High Priests announced, Authereum now live, Opyn on mainnet and much more!


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


🏔️ ETHDenver!

Before I jump into the ETHDenver stuff, I wanted to let you all know that in my efforts to reach new people outside of Ethereum, I’ve started doing a monthly Ethereum update video with Alex Saunders of Nugget’s News. You can check out our first one here (don’t forget to subscribe to his channel too)!

Well, ETHDenver is over but I had an amazing time meeting more of my online friends and getting to see all of the amazing projects that the hackers had built. The outpouring of support for EthHub was amazing and I can’t thank you all enough for the kind words. I’ll be discussing a bit more of my experience at ETHDenver on our weekly recap podcast (which will go out a day later this week). I’ll also be doing a tweet thread about my favourite projects once I have a little more time (should be done in the next couple of days).

Oh and I’m literally finishing up this newsletter at LAX waiting for my flight home right now so that’s why it’s a few hours late - sorry :)

Have a great week everyone!

Anthony


News of the Week

⚖️ U.S Agencies Want to Clamp Down on Crypto

Federal agencies within the U.S. Department of Justice and the Treasury Department are seeking millions of dollars in additional funding for FY 2021 to support their cryptocurrency oversight and enforcement efforts, a review of public budget documents shows.

The Trump administration unveiled its $4.8 trillion budget plan on Monday. As CoinDesk reported at the time, the budget summary notably focused on a plan to move the U.S. Secret Service from the Department of Homeland Security to the Treasury Department, its original home. 

“Technological advancements in recent decades, such as cryptocurrencies and the increasing interconnectedness of the international financial marketplace, have resulted in more complex criminal organizations and revealed stronger links between financial and electronic crimes and the financing of terrorists and rogue state actors,” the summary document states. 

A closer look reveals that major agencies within Treasury are seeking Congressional funds to beef up their existing crypto efforts. FY 2021 begins on October 1, 2020.

🤔 JPMorgan in Talks to Merge Blockchain Unit with ConsenSys

Investment banking giant JPMorgan is reportedly in discussions to merge its blockchain unit Quorum with Ethereum development studio ConsenSys.

Reuters reported the news on Tuesday, citing “people familiar with the plans.” The deal could formally be announced within the next six months. Notably, Quorum is an Ethereum-based blockchain network.

"Will hopefully be able to share more details soon, but for now, the details in the Reuters story are all we are sharing," a spokesman for ConsenSys said.

The investment bank has reportedly been considering spinning-off Quorum for around two years. The Quorum brand, however, could remain after the merger.

A merger with ConsenSys would also have no impact on JPMorgan's Interbank Information Network (IIN) and other projects running on Quorum, per the report. IIN was launched in 2017 and allows member banks to exchange information related to international payments on Quorum. Some of the notable banks on the network include Deutsche Bank, Royal Bank of Canada and Australia and New Zealand (ANZ) Banking Group, among others.


Project Updates

mStable Announced

mStable is a protocol for unifying and securing tokenized assets on Ethereum. They’ll be going live on mainnet in the next few months and will include an open reward pool to bootstrap liquidity, utility and a decentralized community of governors.

High Priests Announced

High Priests is a website that allows you to donate money to open source projects on Gitcoin by delegating your funds to “high priests”. The real magic is that these are no-loss donations as only the interest generated on your DAI is donated to projects (through rDAI).

Eth 2.0 Dev Update #44 — “More Optimizations”

Your bi-weekly update from the PryLabs team with the announcement of a new teammate, Victor Farazdagi (congrats!), code updates, lots of optimization updates and much more.

Notify Announced

Notify is a notification dapp that works with all Ethereum wallets. You can use it to notify users of updates like liquidations, kittys mated with or whatever you want. Simply call the contract and the user gets the message as a token.

Dharma iOS App Live

Dharma’s new iOS App lets you earn 7.3% APR on your dollars by simply linking up your debit card to the app.

Status v1 Now Live

Status v1 is live and available in the App Store, Playstore, & via APK. Peer-to-peer messages, borderless financial transactions, & secure dapp exploration all from your smartphone.

Opyn Now Live on Mainnet

Opyn allows users to protect their Compound Finance deposits against both technical and financial risk by introducing a two-sided marketplace for tokenized put options called oTokens.

Authereum Now Live

Authereum is an Ethereum wallet interface that comes packed with features and integrations. This week, they went live on the Ethereum mainnet so you can check them out now. They also announced raised $1.1mil from investors.

Etherscan Adds ‘Private Token Ignore List’ Feature

You can now hide all of those pesky “shitcoins” from your Ethereum wallet balance on Etherscan by simply blacklisting the token contract.

Gitcoin Announces Weekly Mini CLR Rounds

These new weekly mini CLR rounds will be funded by Gitcoin’s 10% bounty fee (around $200 a week) and any earning on the platform is eligible for matching.

1inch Releases Leverage Aggregator

1x.ag is an leverage aggregator with automated trading strategy, lowest price slippage and gas costs. 1inch claims that they can achieve the best results by using flash loans and a liquidation bot.

tBTC on Ropsten

tBTC was launched on the Ropsten Ethereum testnet this week which means users can now play around with the dapp and mint tBTC.

Celer Launches Lyra Mainnet

This week, Celer announced the launch of their layer-2 state channel mainnet upgrade, Lyra, on Ethereum.

Introducing Splunk Connect for Ethereum

You can now ingest Ethereum node data into Splunk using the Splunk Connect app.

DAI on Coinbase Commerce

Merchants can now accept DAI as a form of payment using the Coinbase Commerce system.

Optimistic Virtual Machine Alpha

Optimism announced that they are open-sourcing the engine that powers a fully EVM compatible Optimistic Rollup.

Introducing MetaClan

MetaClan is the first eSports DAO focused on leveraging enhanced play-to-earn mechanics to unlock value for developers, players and spectators.

Enjin Live on Mainnet

The Enjin all-in-one blockchain development platform went live on the Ethereum mainnet this week.


Community Member Spotlight

This week we’re highlighting the great work of Viktor Bunin!

Viktor is a Protocol Specialist at Bison Trails and also a volunteer at community events including ETHDenver and LNConf. Viktor also spent some time working at ConsenSys in their blockchain product strategy & token design divisions.

Keep up the great work Viktor!


Interesting Tweets


Ecosystem Bits

Blog Posts

Podcasts

Videos

Misc


Meme of the Week


Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:


Support EthHub:


Protect Your Crypto

Buy a hardware wallet:


EthHub Weekly #100

ConsenSys continues to restructure, Dharma introduces the dToken, PoolTogether raises $1mil and much more!


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


🎉 100th Newsletter Issue

Well, here it is - the 100th issue of this little newsletter that I started curating almost 2 years ago (as Block by Block) and continued creating as part of EthHub. To all of our subscribers - thank you so much for sticking with us and reading each week. Here’s to another 100 issues!

The Eth2 researchers did their 3rd AMA on Reddit this week - check it out here. Eric and I will be covering it in more detail on our weekly recap podcast.

I’ll be at ETHDenver from Thursday night until Sunday night - if you’re around do come up and say hi - I’ll look exactly like my Twitter profile picture so I’ll be easy to spot! Unfortunately, Eric won’t be able to make it but he’ll be there in spirit!

Have a great week everyone!

Anthony


News of the Week

⚖️ SEC Commissioner Hester Peirce Proposes 3-Year Safe Harbor Period for Crypto Token Sales

SEC Commissioner Hester Peirce wants to give legitimate crypto projects a shot at success without running afoul of U.S. securities laws.

The two-year official at the Securities and Exchange Commission – nicknamed “CryptoMom” by the blockchain community – has formally proposed a safe harbor for token projects. It would give them some breathing room to develop their networks and communities before having to worry about the regulatory regime.

Under Peirce’s proposal, unveiled during a speech at the International Blockchain Congress in Chicago Thursday, crypto startups would have a three-year grace period from their first token sale to achieve a level of decentralization sufficient to pass through the agency’s securities evaluations, including the Howey Test, the famous U.S. Supreme Court assessment. 

To date, the SEC has brought enforcement actions against a number of companies that created and sold tokens, including Telegram and Kik, two major messaging platforms.

“The analysis of whether a token is offered or sold as a security is not static and does not strictly inhere to the digital asset,” according to notes detailing the proposal. 

In other words, some tokens may appear to have the qualities of a security at launch but mature to the point where it no longer appears to be one. 

🤔 Ethereum Incubator ConsenSys Slashes Headcount 14% in Latest Strategic Shift

Ethereum venture studio ConsenSys is shifting focus – and downsizing as a result.

The Brooklyn, N.Y., company announced at an all-staff meeting Tuesday its latest restructuring would shrink the firm's headcount by approximately 14 percent. When asked, ConsenSys did not explain how many individuals the cuts would affect or state its current headcount.

“In the coming months, ConsenSys will finalize the transition from its venture production model and spin out a number of its internally funded projects into the ConsenSys Investments portfolio,” the company said in a statement.

The move is meant to prioritize the development of some of the ethereum ecosystem’s leading infrastructure platforms. ConsenSys said Tuesday it will “operate a software business composed of several of its products optimized for a modular stack,” including Infura, PegaSys, MetaMask, Codefi and others. 

According to a source with knowledge of the matter, Tuesday’s move will let ConsenSys focus on those four core products. “It really is quite sensible to separate the two business strategies,” the source said.

The company will continue its venture work under the ConsenSys Investments banner, with a focus on “early-stage equity, liquid digital assets, and strategic opportunities where applicable,” ConsenSys said in a statement.


Project Updates

What’s New in Eth2 - 7 February 2020

Eth2 AMA, phase 0 updates, testnet news, some info about phase 1 and 2 and more in this latest update from Ben.

Ethereum Trust Alliance Formed

The Ethereum Trust Alliance is a global coalition of professional security organizations brought together to increase trust in the Ethereum ecosystem.

PoolTogether Raises $1 Million

The investment round was led by IDEO CoLab Ventures with participation from ConsenSys Labs and DTC Capital.

Introducing the dToken

dTokens are wrapper tokens, similar to rDAI, around Compound cTokens. In short, dTokens are interest-bearing stablecoins denominated in Dai or USD Coin that are backed by their respective cTokens on Compound. 10% of the interest earned by dTokens will be given to Dharma.

EIP-1559 Mini Update

Volcanize has completed their EIP-1559 implementation in GETH and are updating the EIP to match the latest spec. Next steps are more scrutiny by core devs and feedback from the community.

MetaMask Monthly: January 2020

Lots of updates from the MetaMask team including an overview of their recent ‘MetaTransaction Challenge’, recapping the recent drama around the MetaMask app being removed from the Google Play Store, what’s new in MetaMask development and more.

DEX.AG Generation 2 Now Live

Key improvements include judge market vs CEXes with live charting, judge market depth to optimally split up orders and see potential arbitrages when markets get crossed.

The First 10,000 zkDai

The Aztec team created 10,000 zkDAI by depositing $10k DAI into their contract (“skin in the game”).

Rocket Pool Development Update - 6th of February, 2020

This update covers progress of the GUI client for node operators in the Rocket Pool network and gives a glimpse into the roadmap for 2020.

Meet Gelato

Gnosis gives a spotlight overview of Gelato Finance which allows users to create a personal bot that automatically interacts with different applications on Ethereum.

GridPlus Update: February 7, 2020

Justin Leroux from GridPlus updates us on all the progress that the team has made over the last month including Lattice1 updates, a new web wallet, updates to GridPlus Energy and more.

Ramp Gets Open Banking License in Europe

Ramp, a Warsaw-based start-up, is the first crypto company to receive an Open Banking License in Europe after being authorised by The Polish Financial Supervision Authority (“KNF”). This will allow for faster, simpler and cheaper processing of crypto transactions in the entire European Union.

Announcing Idle Finance v2

New audited smart contract suite, brand-new UI/UX and much more in this update from Idle Finance.

DeFi Saver Integrates 0x

DeFi Saver added 0x to the list of decentralized exchanges that they support.

Introducing Zap Out

Zap Out lets you seamlessly go in and out of liquidity pools on Uniswap with DeFiZap.

Set Community Update #7 — January 2020

Social Trading launched, partnership with DEXTF formed, the ETH 26 EMA Yield Set went live and more from the Set team.


Community Member Spotlight

This week we’re highlighting the great work of Chaz Schmidt!

Chaz is a long-time Ethereum community member currently working as part of the Concourse Open team. You may have seen some of his work in the form of the great blog posts that get published on DeFi Pulse, ETH Gas Station, and DEX.AG.

Chaz has also been a core contributor of EthHub since the very beginning (even before we went live)!

Don’t forget to follow him on Twitter for some dank memes.

Keep up the great work Chaz!


Interesting Tweets


Ecosystem Bits

Blog Posts

Podcasts

Misc


Meme of the Week


Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:


Support EthHub:


Protect Your Crypto

Buy a hardware wallet:


EthHub Weekly #99

Swiss company to launch IPO on Ethereum, Aztec protocol live on Ethereum, ENS getting an upgrade and much more!


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


🤔 Marketing Ethereum

There was quite a bit of discussion around “Ethereum marketing” on Twitter this week with many people chiming in with their views. In general, I think that people associate marketing crypto with Justin Sun style pumping/hyping/shilling which is definitely not what I view marketing as. I put a little thread together here that goes over my views.

Eric and I will be expanding on these views on the weekly recap episode of our podcast this week. Be sure to subscribe so that you don’t miss it!

Have a great week everyone!

Anthony


News of the Week

⚖️ Virgil Griffith Pleads Not Guilty to Violating North Korea Sanctions

Ethereum developer Virgil Griffith pleaded not guilty to a charge of conspiracy to violate the International Emergency Economic Powers Act on Thursday. 

Griffith was arrested in November on allegations he spoke at a cryptocurrency conference in North Korea last year, where he allegedly taught his audience how to use cryptos to evade sanctions. A complaint published by the U.S. Attorney’s Office for the Southern District of New York claimed Griffith detailed how crypto could be used to launder money, and may even have tried to facilitate a transaction between the Democratic People’s Republic of Korea (DPRK) and South Korea.

A grand jury indicted him earlier this month, and Griffith was released on bail. 

Griffith’s attorney, Brian Klein, said in a statement that Griffith “should not have been indicted.”

“We are going to vigorously contest the charge and look forward to getting all the facts in front of the jury at trial,” he said at the time. If convicted, Griffith would face a maximum of 20 years in jail.

👍 CFTC Chairman Reiterates Belief That Ether Futures Will Be Launched

Commodity Futures Trading Commission (CFTC) chairman Heath Tarbert remarked Thursday that the crypto market could see the launch of Ether (ETH)-based futures contracts.

“We have seen bitcoin futures, both cash-settled as well as physically-delivered. My guess is we are going to see Ether futures as well,” Tarbert told Bloomberg in an interview on Thursday.

The chairman first discussed ether futures in October, when he said he “absolutely” believes the futures tied to the Ethereum-based token could trade in the next six to 12 months.

Tarbert further said in Thursday's interview that he wants the U.S. "to lead" in the advancement of blockchain technology and digital assets.

“I want to encourage innovation and it's interesting because commodities are what we regulate, particularly derivatives on commodities,” he remarked.

🗠 Swiss Company Gets Green Light to Incorporate for a Blockchain IPO

In what's being called a first for Switzerland, a company has been allowed to incorporate for an initial public offering (IPO) of tokenized shares on a blockchain (in this case, Ethereum).

In a press release Wednesday, the firm's adviser, Andriotto Financial Services, said Coldrerio, Switzerland-based OverFuture SA's articles of incorporation directly reference "the digital nature of the shares (tokens) and the use of the blockchain as the technology to keep the shareholders registry."

The firm's IPO prospectus indicates an offering of 8,399,000 "common equity share security tokens" on the ethereum blockchain, with smart contracts provided by with EURO DAXX, a digital assets exchange based in the country's "Crypto Valley" city of Zug. The offering price will be €1.25 ($1.38) per share.


Project Updates

ENS Registry Getting an Upgrade

This update fixes an unexploited bug in the ENS registry contract and adds new functionality to ENS including the ability to:

  • Configure the owner and resolver of a name in a single transaction

  • Create a subdomain and set a resolver for it in a single transaction

  • Authorize contracts or other accounts to make changes to domains (change their resolver and owner) on their behalf, similar to ERC721’s ‘authorization’ functionality

Aztec Live on Ethereum

The Aztec privacy network can now be used by developers to incorporate zkDai into their dapps. zkDai is a confidential version of Dai which hides the amounts being transacted between Ethereum accounts.

Lighthouse Update #21

New fork choice algorithm, 10x faster and more stable syncing, 32x database storage reduction and much more in this update.

Eth 2.0 Dev Update #43 — “Rapid Iteration”

Another large eth2 update from the PryLabs team. The highlight? More than double the validators expected at mainnet launch already running in the testnet! The team also significantly improved the eth2 testnet block sync time - going from 0.2 blocks per second to over 20 blocks per second in just 2 weeks!

Introducing Stablecoin Services

Stablecoin Services is a website offering a collection of common Dai and Chai operations, gas-free! You can transfer Dai or Chai, sell Dai > Eth, Chai > Eth on Uniswap, convert Dai <> Chai - all without holding any Ether!

Introducing Maple

Maple Loans is a platform where users form Communities to borrow and lend undercollateralized loans to other Community members. The protocol takes care of requesting, funding, settling and making repayments allowing Communities to experiment and be creative with identity and risk assessment.

Bitfly Launches Eth2 Knowledge Base

This new knowledge base currently includes a glossary of terms for eth2 - ever wondered what epoch, validator, attestations and all the other buzzwords mean? Simply go to the site to find all of the definitions!

Chainlink Launches Price Reference Data for DeFi

Over 25 oracle networks are now live on the Ethereum mainnet tracking the price of tokens such as SNX, LEND and LRC.

Set Labs and DEXTF Form Strategic Partnership

The partnership focuses on building the next-gen asset management infrastructure which tweaks some of the traditional relationships between the actors in the asset management industry, as we know them today, and the role of custody.

Argent Integrates the DSR

You can now gain exposure to the Dai Savings Rate with a few clicks by simply using the Argent mobile wallet app.

0x Launches Liquidity Aggregator

The 0x API is designed to make it easy for DeFi developers to tap into both off-chain and on-chain DEX liquidity in a fast, reliable, and easy to use way.

RealT’s Second Property is Sold

The second property on RealT, 5942 Audubon, has been sold and has 153 unique owners!

TokenSoft Launches Accounts for Security Tokens

TokenSoft’s new investment accounts offer a brokerage-style experience for investors who trade security tokens.


Community Member Spotlight

This week we’re highlighting the great work of Kain Warwick!

Kain is the founder of Ethereum-based decentralized synthetic asset platform - Synthetix. As most of you probably already know, Synthetix has seen incredible growth over the last few months in both network usage and price appreciation for SNX.

Kain is also the CEO of blueshyft - an app that allows retailers across Australia to accept cash payments for digital goods & services.

Keep up the great work Kain!


Interesting Tweets


Ecosystem Bits

Blog Posts

Podcasts

Videos

Misc


Meme of the Week


Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:


Support EthHub:


Protect Your Crypto

Buy a hardware wallet:

EthHub Weekly #98

Eth2 deposit contract formally verified, Set Protocol launches social trading, Ethereum.org gets a community page and much more!


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


😎 New EthHub Content

Two new pages up on EthHub this week including a very helpful guide on ‘Deciphering a Transaction on Etherscan’. This guide breaks down exactly Ethereum transactions work along with a bunch of context around gas, accounts, tokens and more. We’ve also got a page on ‘Account Abstraction’ that pulls together the research on this topic from the last few years.

Our good friend Ryan Sean Adams released his new Bankless website this week which includes a bunch of resources to help you get started with DeFi. We highly recommend checking it out!

Have a great week everyone!

Anthony


News of the Week

🏦 10% of Central Banks Surveyed Close to Issuing Digital Currencies

An annual study carried out by the Bank for International Settlements (BIS) asked 66 central banks if they were working on CBDCs and, if so, what type and how far along they were.

Released Thursday, the report found 80 percent of the 66 banks surveyed were engaged in some form of work surrounding CBDCs, with nearly 40 percent having moved to experiments and developing proofs of concept. Overall, the number of banks working on some form of CBDC project increased 10 percent from BIS' 2018 survey.

Out of the 66 banks polled, 21 came from developed economies with 45 from emerging economies (EMEs). In total, the banks surveyed covered 75 percent of the global population and 90 percent of global economic output.

Although around 70 percent of central banks said it was unlikely they would release a CBDC in the forseeable future, another 30 percent of respondents said they had active plans to issue some form of digital currency, with about 10 percent saying they were already developing pilot projects.

🤔 Bitcoin is ‘not effective’ to Serve Purposes of Money, says Ray Dalio

Billionaire investor Ray Dalio, who is the founder of the world’s largest hedge fund Bridgewater Associates, is not a fan of bitcoin.

Dalio believes bitcoin doesn’t serve purposes of money. “There’s two purposes of money, a medium of exchange and a store hold of wealth, and bitcoin is not effective in either of those cases now,” he told CNBC at the World Economic Forum in Davos, Switzerland.

The 70-year-old billionaire investor endorsed buying gold. “I think you have to have a certain amount of gold in your portfolio,” he said.

Cash, on the other hand, is “trash,” according to Dalio. He advised investors to have a global and well-diversified portfolio. Dalio’s firm, Bridgewater, manages about $160 billion in global investments for around 350 institutional clients, according to its website.

This is not the first time Dalio has had a negative stance on bitcoin. In 2017, he called bitcoin “a bubble” and a “highly speculative” instrument.


Project Updates

What’s New in Eth2 - 24 January 2020

Phase 0 updates (including the deposit contract, networking, docs, and testnets), an overview of the recent phase 1 work and a bunch of resources to get you up to speed on the latest and greatest in eth2.

Eth2 Deposit Contract Formal Verification Completed

Runtime Verification have successfully completed a formal verification of the eth2 deposit contract. This contract is responsible for handling the locking of ETH on the eth1 chain, and then minting of ETH on the eth2 chain to allow for staking.

Set Social Trading is Now Live on TokenSets

Set Social Trading is a marketplace and network that enables traders to create and manage their own Sets, giving the public instant exposure to their trading strategies. Users can follow along with these strategies by simply minting a Set on TokenSets which copies every single action the trader enacts.

Ethereum.org Updates

The Ethereum website team have put together a community a brand new community page where you’ll find links to a bunch of different communities within Ethereum. The team is also asking for input on its new designs for the website here.

Max Wolff Announces Rho

Rho is an on-chain interest rate swaps protocol designed as an automated market maker. With Rho, traders can open positions directly with the protocol at any time instead of having to wait for a counterparty.

Introducing CherryDai

CherryDai interest bearing ERC20 token which represents fractional ownership in a liquidity pool plus the returns from offering the swaps. Interest rates offered in swaps are set based off pool utilization to align demand with market rates.

The Next Chapter for Bounties

Mark Beylin announces in this blog post that the team has decided to stop all development work on the Bounties Explorer and Protocol. He then gives an overview of all the work that the team accomplished and what’s next.

ConsenSys’s DeFi Score Update

The DeFi Score now scores projects based on what degree of centralization they have (such as who holds the admin keys and can the price oracle be manipulated).

Dolomite DEX Launches Limit Order Margin Trading

After months of development and working with our beta testers, we’re excited to announce that margin trading is now available to all traders on Dolomite.

Introducing Rocket

Rocket allows users to get a loan by using their NFTs as collateral. It’s currently live on the Ethereum Ropsten testnet.

Introducing Ethernal

Ethernal is a multiplayer dungeon generated entirely from the blockchain, inspired by classic text and grid-based MUD games.

Portle App Updated

Timur added multiwallet support, redesigned the website, squashes bugs & improved performance and open sourced the code for Portle!

Dex.ag Improvements

Better bids and offers and lower default slippage of 0.20% are available on the new live.dex.ag beta website.

Gilded Finance Launches Open Finance Platform

Gilded is an open finance platform for business to business (B2B) payments.


Community Member Spotlight

This week we’re highlighting the great work of Richard Burton!

Richard is a long-time Ethereum community member who spent time helping with design work at the Ethereum foundation back in 2014. After that, he went on to start Balance - an Ethereum-based mobile wallet app in 2016 and currently he’s working as a scout for Zenith Ventures.

Keep up the great work Richard!


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