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EthHub Weekly #132

Gitcoin Grants Round 7 now live, UNI token launched, Ethereum.org updates, fundraising updates and much more!

Anthony Sassano

Sep 21, 2020

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

💸 Gitcoin Season

Gitcoin Grants Round 7 is now live which means you can donate to hundreds of different projects and get your donations matched up to 100’s of times (thanks to quadratic matching). Just a friendly reminder that the best way to support EthHub is by donating to us on Gitcoin which you can do here. Thanks in advance for your donations! Oh and Eric has become a sponsor for this round as well!

This is interesting - Kraken (the exchange) has a position open for a Lead Ethereum Strategist. Seems like it would be a really cool job according to the role description - you’d basically be an external and internal advocate for Ethereum!

I joined the Bankless Meet the Nation series to discuss all things TokenSets - you can watch that here.

Have a great week everyone!

- Anthony

News of the Week

🏦 Kraken is Launching a Crypto Bank in Wyoming

Cryptocurrency exchange Kraken is launching a bank under a new regulatory framework in Wyoming, a move that will expand its product suite, the firm said in an announcement Wednesday.

Headquartered in Wyoming, Kraken Financial will be regulated by the Wyoming Division of Banking under a so-called Special Purpose Depository Institution. The new structure was purpose-built for cryptocurrency companies and will allow Kraken to offer certain banking functions to clients and effectively serve as the exchange operator's primary banking relationship. Up until this point, Kraken has relied on third-party providers for wire transfers and other services that enable it to engage with the broader financial system.

⚖️ New York Attorney General to Bitfinex and Tether: ‘Delays Must Stop’

NYAG Senior Enforcement Counsel John Castiglione filed a letter Monday ahead of a conference involving the regulator and the two cryptocurrency firms arguing it is time they complied with a 17-month-old document production order detailing financial information within the next two months.

For their part, counsel representing the two firms argue the order is too broad and the scope should be limited first.

“As of this filing, the 354 Order has been in place for seventeen months. In that time, Respondents have produced ‘jurisdictional’ documents (as directed by this Court) but failed to produce the core information called for in the Order. The delays must stop, and Respondents should be directed to comply promptly,” Castiglione said.

New York State Supreme Court Justice Joel M. Cohen scheduled the hearing for this Thursday, after receiving a request from the New York Attorney General’s (NYAG) office last week complaining that Bitfinex and Tether had yet to turn over any documents.