EthHub Weekly #106 dev update #2, USDC added to Maker, Gnosis Safe adds new features, DeBank now live and much more!

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

😷 Another wild week

There’s not much crypto going on these days - most of the discussions are, naturally, focused around the worldwide COVID-19 pandemic. The last week was brutal - cases in the U.S started spiking with over 35,000 confirmed cases and over 450 deaths so far. Italy also saw days of 600-700 deaths and other European countries seem to be following that trend. Other countries are tightening their borders (here in Australia we banned all non-citizens/non-permanent residents from entering the country) and lockdowns are being put in place for many countries. The situation right now seems dire for the world, but I do believe we’ll get through it stronger on the other side which unfortunately could take 6-12 months or more. In the meantime, stay safe everyone!

Onto a happier note - last week I sat down with YouTuber ‘The Crypto Lark’ to discuss Ethereum (in particular, the latest DeFi drama) as well as TokenSets. Check that out here. Eric also published a new piece titled ‘Breaking Down Ethereum Wallets Options’ - have a read of that here.

Developers, developers, developers - they are the beating heart of Ethereum and Compound has put together some great resources for them. You can check out their developer guides here and also check out a few guides from Adam Bavosa here.

Oh and Gitcoin Grants Matching Round 5 goes live today - don’t forget to donate to your favorite projects!

Have a great week everyone!


News of the Week

🤢 Former Bakkt CEO Sold Millions in Stock Before Coronavirus Crash

Senator Kelly Loeffler (Republican-Georgia) sold off millions in stock ahead of the recent coronavirus-induced market crash, according to financial disclosures.

The disclosures reveal that Loeffler, former CEO of Bakkt, reported the first sale of stock on January 24, the same day her committee, the Senate Health Committee, hosted a private meeting on coronavirus. The Daily Beast first reported the news.

The first sale transaction was of stock Resideo Technologies, worth between $50,001 and $100,000. The company’s stock price has declined by more than half since then.

Other sale transactions include stocks of Comcast Corporation, Keysight Technologies, Ross Stores and other companies - worth between $1,275,000 and $3,100,000.

Interestingly, Loeffler initially reported many of these sale transactions in the name of her husband - Jeffrey Sprecher, founder, chairman, and CEO of Intercontinental Exchange and chairman of the New York Stock Exchange. Last week, i.e. on March 12, she amended the report to note that most of them were jointly owned.

😔 Crypto Hedge Fund Adaptive Capital Shutting Down

In an investor letter reviewed by crypto news outlet The Block, Adaptive said that it plans to return remaining capital to its Limited Partners following a steep drop in bitcoin's price during the March 12-13 trading session.

"Adaptive has made the decision to close operations and return the remaining funds to investors," the firm wrote. "We are convinced that the risks of continuing operations in such an unstable environment outweigh the potential benefits."

Adaptive blamed "infrastructural insufficiencies" for its inability to respond properly to the sell-off. BitMEX, which isn't named in the letter, went out of service for about 45-minutes during the price-plunge. BitMEX said it had a "hardware issue" with its cloud service provider, which caused requests to be delayed between 02:16 and 02:40 UTC. Normal service resumed at 03:00 UTC, it added. Sources told The Block that Adaptive maintained accounts on BitMEX, which were liquidated.

"A number of respectable exchanges, platforms, and tools that we use daily have halted their operations during the selloff significantly hindering our ability to act accordingly," Adaptive said in the letter.

Project Updates Development Update #2

Latest updates from the team including a style guide and design upgrade, simplification of Studio, and more.

What’s New in Eth2 - 20 Mar 2020

Eth2 progress continues and Ben has collated all the relevant info from the last week including his thoughts on Vitalik’s 5-10 year unofficial Ethereum roadmap, research updates, and much more.

Eth 2.0 Dev Update #46 - PryLabs

Slasher now running in prod and catching slashable actions, fuzz testing running on Prysm’s core functions, a revamp of the beacon state management, improved sync times and much more in this update.

eth2 quick update no. 9

New beacon chain spec release, new paper available for public review, updates on statelessness and much more in this eth2 update from Danny Ryan.

USDC Added to Maker

USDC is the third collateral type that users can now use to open Vaults on the MakerDAO platform.

Introducing ETH Dashboard

ETH Dashboard is a simple, customizable dashboard to display whichever Ethereum data is important to you.

Dharma Adds P2P Payments

You can now use the Dharma app to send and receive USD from anywhere in the world - all while earning interest.

Gnosis Safe Adds New Features

Native hardware wallet integration (Ledger, Trezor) and NFT (ERC-721) support is now live in the Gnosis Safe wallet.

ENS Adds Custom Text Records

The ENS Manager now supports custom text records which means people can use ENS to store a wide range of information without the ENS team having to add a new record type for each new use case.

DMM Launched

DMM assets are backed by real-world, income-generating assets and you can easily gain exposure by simply depositing DAI or USDC. Updates

Limit orders added for various trading pairs and have integrated Curve Finance with their X Blaster for better prices on stablecoin swaps.

DeBank Now Live

DeBank is an interface into the world of DeFi (similar to Zerion) that supports apps such as TokenSets, Uniswap, PoolTogether and others.

Microsponsors Now Live

You can now mint and auction your time as NFTs using the Microsponsors marketplace (powered by 0x).

Community Member Spotlight

This week we’re highlighting the great work of Protolambda!

Protolambda is a core Ethereum community member - he spends most of his time as a researcher for the Ethereum Foundation (particularly around eth2). You can read his research on here.

You can view some of his work on his personal website.

Keep up the great work Protolambda!

Interesting Tweets

Ecosystem Bits

Blog Posts




Meme of the Week

Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:

Support EthHub:

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EthHub Weekly #105

MKR debt auction announced, Synthetix roadmap update, Uniswap data on CoinMarketCap and much more!

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

🙃 So that happened…

What an insane week - where to even begin? The crypto markets got absolutely destroyed (we saw double digit ETH again!) and Ethereum had gas prices of 150 gwei+ (some of its highest ever). This resulted in lots of things falling over - the biggest being MakerDAO. The high gas fees led to some CDPs/Vaults being completely liquidated - that is, no ETH collateral was leftover at all. This was due to ‘keepers’ - those who usually bid for the underlying ETH collateral during a liquidation - not being able to get their bids in. Only 1 keeper participated and bid in these liquidations - and they got all the ETH for $0. Yes - that’s right - $0!

This all means that there is now a shortfall of DAI in the Maker system which requires a “backstop auction” to recollateralize. This involves printing and selling new MKR in an open auction (which is happening Thursday). If you’d like to get involved, be sure to join the MakerDAO Backstop Syndicate by heading here.

On top of all of this, we had more major global news about COVID-19 and it seems this virus is really taking off now. I wont’t give any hot takes on coronavirus here, but be sure to tune in to this weeks weekly recap podcast to hear Eric and I’s thoughts on everything. Also, for those who attended EthCC or ETHLondon, be sure to monitor this form as numerous attendees to that conference have since tested positive for COVID-19.

Also, due to COVID-19, the Ethereal New York Summit that I mentioned in the newsletter a couple of weeks ago has been cancelled and replaced with an all virtual summit. Check that out here.

One last thing - off of the back of the recent ProgPoW debates - Eric wrote a blog post giving an overview of the Ethereum DAG Size growth and the impact it’ll have on the networks hash rate. Read it here.

Have a great week everyone!


News of the Week

🤔 Security Tokens Draw Interest from Institutions

Amid growing competition between providers, institutions in the traditional finance space are looking at blockchain as another way to offer value to their clients – but it might not be their top priority, according to experts who appeared at the MIT Bitcoin Expo this weekend.

"If you remove yourself from the crypto space, there are tons of events happening in finance," said Ada Kokoshi, vice president and digital asset lead at State Street. "For example, the stock market last week just didn’t behave well. And with things like 401(k) plans, exchange-trusted funds (ETF), and mutual funds, there are tons of competition between providers which are driving the fees down."

As a result, she said, even though financial service providers have the desire to understand emerging technologies like blockchain, their top priority remains to provide value to their customers.

"Crypto might be one way to do that,” she said. "But that involves redesigning their entire value chain, and there’s still a lot of work to be done."

🇿🇼 Zimbabwe Set to Regulate Crypto

The Reserve Bank of Zimbabwe, the country's central bank, is set to regulate cryptocurrencies after banning local banks from processing crypto payments in 2018.

The central bank has already started drafting a policy framework to guide operations of crypto firms, local newspaper The Chronicle reported on Monday. The RBZ has apparently admitted that the crypto trend is a reality.

"We have already started to come up with a fintech framework because in regulation everything should be well structured. The framework, which is a regulatory sandbox, will be assessing the cryptocurrency companies as to how they are going to operate," said Josephat Mutepfa, deputy director of financial markets and national payment systems at the RBZ, while speaking during a Sound Prosperity Economic Forum in the Bulawayo city on Friday.

"Once you enter the sandbox you either exist as a bonafide product to enter the market or you are guided to say that you need to partner a bank, a mobile money platform or your product needs to be licensed like a microfinance company," Mutepfa added.

Project Updates

MKR Debt Auction Announced

Due to recent market activity and the resulting accumulation of protocol debt in the MakerDAO system, an MKR token auction will occur on the Maker Protocol, March 19th, tentatively starting at 6:25am ET (March 19, 10:25 am UTC) to recapitalize the system.

Gnosis Launches Political Prediction Markets

Gnosis’ prediction markets platform, Sight, is launching political prediction markets. You can apply now to take part in Sight beta at, and check out the live markets at

MetaMask Monthly: February 2020

Monthly update from the MetaMask team going over everything that happened during February.

TokenSets Launches New Login Flow

You can now login to TokenSets using email (via Fortmatic), Ledger, and other web3-enabled wallets such as Status, Alpha Wallet and DappPocket.

Paradigm Labs Shutting Down

After almost two years of active research and development, the team has come to the decision that without significant product-market fit and limited resources to pursue emergent opportunities, Paradigm Labs needs to be shutdown.

Uniswap Data Now on CoinMarketCap

You can now view market data for many of the Uniswap liquidity pools/trading pairs using CoinMarketCap.

Synthetix Product Roadmap Update

The Synthetix team have put together an update that goes over everything coming to the protocol in 2020 - including major upgrades, improvements and more.

Balancer Contracts are Open-Sourced

After several months of heavy development, the Balancer core contracts are now open-sourced here.

Synthetix Product Roadmap Update

The Synthetix team have put together an update that goes over everything coming to the protocol in 2020 - including major upgrades, improvements and more.

Baseline Protocol Announced

ConsenSys and EY announced their working project, Baseline Protocol, joined by 12 other firms and organizations including Microsoft, AMD, ChainLink, and MakerDAO. The new protocol allows enterprise synchronize data with collaborators via the Ethereum blockchain without having to publicize all business records

Anthony’s note: I missed this one in last weeks newsletter.

Community Member Spotlight

This week we’re highlighting the great work of DeFi Dad!

DeFi Dad (formerly known as Crypto Dad) aka Travis is an incredibly active Ethereum community member. He works at ConsenSys and is responsible for planning the various Ethereal conferences around the world. He’s also the host of the Ethereal Podcast.

DeFi Dad constantly puts out great DeFi-based Tutorials on Twitter that will keep you up to date on all that’s happening - I highly recommend following him.

Keep up the great work DeFi Dad!

Interesting Tweets

Ecosystem Bits

Blog Posts




Meme of the Week

Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:

Support EthHub:

Protect Your Crypto

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EthHub Weekly #104

India's supreme court lifts crypto ban, Argent raises $12mil, Zora introduced, dYdX adds fees and much more!

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

🎉 Happy 2nd Birthday to Us!

A small note this week - as this is edition #104 of the newsletter, it means that it’s the newsletter’s 2nd birthday! I humbly started curating this newsletter back in March of 2018 (then called Block by Block) and I never really knew where it would end up. I’m super happy that I’m still able to do this and that we have so many subscribers that read it every week! This is a huge personal milestone for me so I just wanted to say thank you to all of you for your support - it keeps us going here at EthHub!

☠️ RIP ProgPoW

Well, where to begin? It was another big week for ProgPoW but as the title states, ProgPoW is pretty much dead at this point. I’ll outline what happened over the last few days below but if you want a more detailed breakdown be sure to catch it on the weekly recap podcast.

We started the week off with a blog post from Hudson Jameson of the Ethereum Foundation giving a comprehensive overview of the entire saga (including history, the arguments for/against and much more). He concluded his post with “In my opinion, ProgPoW isn’t worth it and is dead based on overwhelming evidence of community dissent.

Next, we had kikx disclose a vulnerability in ProgPoW just a couple of days after Hudson’s post which resulted in a flurry of conversation across all channels (twitter, reddit, gitter etc). James Hancock also started a new newsletter that will be sharing updates on EIPs and the status of upcoming Ethereum Network upgrades. I highly recommend subscribing!

Finally, we had the much-anticipated All Core Dev call which ended up being the longest in history at almost 3 hours. You can watch it here (ProgPoW talk starts at around 60 minutes in). I won’t summarize the call myself but Trent Van Epps put together his own tweet thread here that gives a great breakdown. We also got Ethereum’s best meme from the call.

Oh and something unrelated to ProgPoW - EthHub is now an official High Priest! You can pledge DAI to us here and the interest earned will be used to donate to Sam Sun (White Hat Hacking), Chris Blec, and DAppNode’s grants on Gitcoin!

Have a great week everyone!


News of the Week

🇮🇳 India’s Supreme Court Lifts Banking Ban on Crypto Exchanges

The Supreme Court of India has ruled against a decision imposed by the country's central bank nearly two years ago that stifled crypto trading in Asia's third-largest economy.

According to a report from Bloomberg, a three-judge bench of the court ruled on Wednesday in favor of petitions by crypto exchanges and startups that opposed the decision made by the Reserve Bank of India (RBI) in April 2018 banning domestic financial institutions from providing banking services to crypto exchanges.

The central bank's decision at the time forced crypto exchanges in the country to either close, relocate to other jurisdictions or shift their business model to crypto-to-crypto and over-the-counter trading.

While crypto exchanges immediately filed petitions to the Supreme Court after the central bank's decision in 2018, a clear decision had not been reached until Wednesday after several rounds of hearings. Some exchanges had been forced to close as trade plunged while the case was ongoing.

🙃 Justin Sun Seizes Control of Steem Blockchain

Justin Sun has seized control of the Steem blockchain – with the apparent help of several prominent crypto exchanges.

On the Steemit Blog (which is newly owned by Sun), a post announced the new regime:

"For the next 4-6 weeks, the Steemit team will be using the voting rights to resume the order of the community while having an open channel for meeting community members and Witnesses."

However users are complaining about app instability on Steemit and some are signaling outright revolt. This is an archived version of the original post because Steemit has been unstable.

In a delegated proof-of-stake (DPoS) system such as Steem, this Orwellian update is only made possible by enough of the network’s native currency, STEEM, being thrown behind a new set of blockchain validators.

In short, exchanges have staked STEEM they controlled (seemingly from user accounts) to  “vote” for new leadership.

Project Updates

Lighthouse Update #22

This update mainly goes over the performance gains and optimizations that the Sigma Prime team has made to the Lighthouse client including 70% faster block processing times, 75% reduction in RAM usage and much more!

What’s New in Eth2 - 6 Mar 2020

In this update, Ben gives us a great rundown of the state of the eth2 testnets, an EthCC recap, research updates and much more.

Eth 2.0 Dev Update #45 — Prysmatic Labs

Testnet updates, code updates, upcoming work and more from the PryLabs team in their bi-weekly update.

ETH 2.0 UX Survey

Sigma Prime is building a staking interface for their Lighthouse eth2 client and would like community input - do that here.

ETHGlobal Survey

The ETHGlobal team have built a survey to help better understand the developer community. You can win various prizes for helping to fill it out - do that here.

Introducing Zora

Zora is a marketplace to buy, sell and trade limited-edition goods. All of these goods are launched as tokens which enables these goods to be dynamically priced, fractionally traded and launched before the item even exists.

Devcon: What is Ahead

A healthy update from the Ethereum Foundation (EF) regarding this years Devcon 6 including the announcement that the location will be announced shortly.

Anthony’s note: Announcement of an announcement? Did Justin Sun buy the EF?

Argent Raises $12mil

Ethereum mobile wallet Argent has raised $12 million in a round led by Paradigm with participation from Compound’s founder Robert Leshner , Index Ventures, Creandum, and firstminute.

Kyber Ecosystem Report #12

A massive ecosystem report from Kyber this month going over everything that happened during the month of February for the team. Highlights include huge network growth (and KNC price growth), new DeFi integrations, Kyber in the media and much more!

LINK/ETH RSI Ratio Trading Set Released

The LINK/ETH RSI Ratio Trading Set implements a crossover strategy on the LINK/ETH simple RSI. At a high level, if the LINK to ETH ratio falls below support, LINKETHRSI rebalances 100% LINK into ETH with the expectation that ETH will continue outperforming LINK. Conversely, if the ratio rises above resistance, the Set rebalances into LINK expecting that LINK will continue to break out against ETH.

Kollateral Live on Mainnet

Kollateral aggregates liquidity from the largest flash lending pools like dYdX and Aave.

Introducing PieDAO

The Pie DAO is a decentralized organization dedicated to bringing market accessibility and economic empowerment by providing a governance layer to tokenized portfolio allocations available to anyone on the Ethereum network.

The dYdX Business Model

dYdX is building a business model around their exchange and are introducing trading fees starting Mar 10, 2020.

Zerion Adds Support for More DeFi Protocols

8 additional protocols are now supported including Synthetix, Curve, PoolTogether, Aave, 0x, iEarnFinance and InstaDApp.

InstaDApp Announces DeFi Accounts

DeFi Accounts are a platform that provides users and developers with a single point of integration to access all the DeFi protocols.

Semaphore Released

Semaphore is a generic privacy layer for Ethereum applications based on zk-SNARks. This open-source library allows any user to signal their endorsement of an arbitrary string, revealing only that they have been previously approved to do so, and not their specific identity.

Horizon Blockchain Games Raises $5mil

The round was led by Initialized Capital with participation from ConsenSys, CMT Digital and Regah Ventures.

Introducing the Ren Alliance

The Ren Alliance is a consortium of DeFi companies and/or projects that are helping secure, develop, and utilize RenVM.

Community Member Spotlight

This week we’re highlighting the great work of Loi Luu!

Loi is a Co-Founder of Kyber Network - the on-chain liquidity protocol that has experienced explosive growth lately. You can check out his previous work here.

Loi also holds a PhD in Computer Science from the National University of Singapore and was selected in the Forbes 30 under 30 list for Asia, and Top 10 Innovators under 35 for Asia Pacific by MIT Technology Reviews.

Keep up the great work Loi!

Interesting Tweets

Ecosystem Bits

Blog Posts




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 #103

Loopring exchange now live, saveDAI introduced, Compound announces governance plan, Dripscore launched and much more!

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

🤔 ProgPow: A New Hope

Another busy week of ProgPow discussions on Twitter so I figured I’d summarize everything here for you. Mid last week Justin Leroux submitted EIP-2538 to the official EIP repository on Github. This EIP was submitted as an ‘Informational Position Statement Against Activation of ProgPoW’ which contains signatures from over 80 people in the Ethereum community (Eric and I both signed it as well). This EIP resulted in a tonne of arguments/drama on Twitter which I won’t summarise here (look for that in our weekly recap podcast).

Moving on from that, we had Cyrus Younessi from the Maker Foundation put together a thread on why DeFi is at risk due to ProgPoW, Eric wrote a post about what we can learn from the whole ProgPoW situation and he also put together a thread about why he believes that miners won’t interfere with the transition to eth2.

To finish up this summary, we had Ben DiFrancesco publish ‘A ProgPoW Compromise Pre-Proposal’ that offers up a compromise between both the for and against ProgPoW camps. TLDR is that Ben proposes that ProgPoW be kept in the Ethereum communities back-pocket until there is clear evidence that an ASIC-led attack is happening on the network.

Alright, enough ProgPoW talk - I just quickly wanted to mention that EthHub has now been accepted into the High Priests (just in time for Gitcoin CLR matching round 5)! If you’re unfamiliar with High Priests, it’s basically a coordination mechanism for open source funding that mixes social and economic capital.

Have a great week everyone!


News of the Week

📷 Coinbase Is Testing Clearview’s Controversial Facial Recognition Technology

Coinbase is among more than 2,000 entities from around the world working with Clearview, a controversial facial recognition technology provider.

Internal documents obtained by BuzzFeed revealed New York-based Clearview AI – a startup facing legal threats from Apple and Google as well as calls for greater scrutiny into its practices – had already shared or sold its technology to roughly 2,200 companies and authorities around the world.

Clearview's software trawls websites and social media platforms to scrape data and match images posted online to persons of interest. Coinbase was among the organizations that had used the software for at least one search, BuzzFeed reported Thursday.

A Coinbase spokesperson confirmed in the article the exchange had tested Clearview's software regarding its "unique needs around security and compliance," but added customer data had not been used in any of its tests.

The exchange tested Clearview AI "to see if the service could meaningfully bolster our efforts to protect employees and offices against physical threats and investigate fraud," the spokesperson said. It hasn't yet committed to using the product, they said.

🙃 Steven Seagal Settles Token-Touting Charges With SEC Over 2018 ICO

Martial artist and actor Steven Seagal has been charged for his role in promoting a 2018 initial coin offering (ICO).

The U.S. Securities and Exchange Commission (SEC) said in a statement on Thursday that Seagal did not disclose payments received in return for promoting the token launched by Bitcoiin2Gen (B2G) in February of that year.

The SEC said Seagal had not disclosed he was offered $250,000 in cash and $750,000 worth of B2G tokens in exchange for his services in promoting the ICO. These had included social media posts calling on his followers and fans not to "miss out" on the token investment, according to the SEC order. He also issued a press release titled, "Zen Master Steven Seagal Has Become the Brand Ambassador of Bitcoiin2Gen."

Seagal was further quoted in a B2G press release saying he backed the ICO "wholeheartedly."

Project Updates

Loopring Exchange Now Live

Loopring Exchange is the first publicly accessible zkRollup exchange on Ethereum mainnet. It is 100% non-custodial, inheriting Ethereum-level security guarantees while capable to perform at a throughput 1000x greater (and 600x cheaper settlement cost) than the current state of the art layer-1 DEXes.

Anthony’s note: I’m super excited about this launch - scalable DEXs are here!

Introducing saveDAI

With saveDAI, in just a few clicks you can open a dollar-based savings account that earns interest, has built-in insurance and can be easily transferred to another person or account of your own - all without dealing with a bank!

Introducing Burni

Burni is an experiment in creating non-fungible tokens with a proof-of-burn fungible token investment. As Burni-NFTs (“Burnins”) are minted, 97.5% of the original ERC-20 tokens are “used up” and removed from the total circulating supply, such that the base cryptocurrency becomes a finite deflationary resource.

LINK RSI Set Launched

The LINKRSI Set from TokenSets implements a crossover strategy on the ChainLink Relative Strength Index oscillator indicator. LINK is the first crypto-asset other than ETH or BTC that is a components of a Set.

Dripscore Introduced

Drip is an on-chain achievement dashboard. If you’ve completed any of the listed challenges on Drip (such as minting a Set, summoning a Cheeze Wizard, using Compound), you get more drip score.

MEW Integrates Aave

You can now access Aave through MyEtherWallet’s new native integration in their dapps section.

Nimbus February Status Update

Latest update from the Nimbus team going over their first mobile eth2 testnet, recent discovery v5 work, BLS implementation updates and much more.

Compound Announces Governance Plan

Compound introduced their governance system this week that includes a new governance token called COMP. This new system will gradually turn over the governance of the Compound system to the community.

Coinbase Wallet Integrates ENS

You can now send and receive ETH and tokens using your ENS name right inside of the popular Coinbase Wallet mobile app.

Introducing DeFi Watch

Founded by Chris Blec, DeFi Watch is curating info on all things related to DeFi security and risk.

PoolTogether Tickets Now Tokenized

You can now send your PoolTogether tickets to different wallets, friends or family as they are now standard ERC20 tokens.

Community Member Spotlight

This week we’re highlighting the great work of Evan Van Ness!

I’m sure Evan needs no introduction at this point - he’s been a very long-time Ethereum community member, has been publishing the popular Week in Ethereum newsletter for years, attends and judges a tonne of Ethereum conferences, and has worked at ConsenSys in a variety of roles.

Keep up the great work Evan!

Interesting Tweets

Ecosystem Bits

Blog Posts




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 #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!


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!

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