EthHub Weekly #63
GlobalCoin cometh, Compound v2 is live, Nexus Mutual on main-net, RIP CDP 3228 and much more!
Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)
đ Merch Store Coming Soon
For a few weeks now weâve been working on various merchandise to offer through EthHub. Weâve had a few designs created and now weâre almost ready to launch them out into the world (probably over the next couple of weeks). Thereâll be t-shirts, hoodies and stickers to start with more products and designs added over time!
Have a great week everyone!
-Â Anthony
News of the Week
đ€Â Facebook to Roll Out âGlobalCoinâ Cryptocurrency in 2020
Social media giant Facebook is set to roll out its own cryptocurrency dubbed âGlobalCoinâ in 2020, according to a report from the BBC.
The organisation said on Friday that Facebook is planning to launch the cryptocurrency-based payments system in âa dozen countriesâ by the first quarter of 2020 and is looking to start trials by the end of this year.
Facebook has also apparently sought for advice from officials of the U.S. Treasury and the Bank of England governor Mark Carney regarding opportunities and regulatory issues for the initiative, which is internally referred to as âProject Libra.â
More details about Facebookâs crypto plan are expected to be revealed in the coming months, the report said.
đ FINRA approves Grayscale Ethereum Trust
Individual investors will soon be able to invest in Grayscale Ethereum Trust, billed as âthe first U.S. publicly quoted security solely invested in and deriving value from the price of Ethereum.â
The Financial Industry Regulatory Authority (FINRA), Wall Streetâs self-regulatory organization (SRO), has approved public quotation of shares in the trust, Grayscale Investments announced Thursday.
âAll kinds of investors will be able to gain exposure to the price movement of ETH without the challenges of buying, storing, and safekeeping ETH,â wrote Marissa Arnold, a spokesperson for Grayscale.
The security will trade over the counter (OTC) under the symbol ETHE.
đ AT&T Teams With BitPay to Accept Bill Payments in Crypto
The telecom giant announced Thursday that it will accept bill payments in the form of crypto by way of BitPay.
As it stands, the crypto option isnât being extended to other AT&T services, such as buying phones or other devices, and as of yet BitPay wonât work in AT&Tâs storefronts. That said, the company noted in a statement that its customers use cryptocurrency and that the new offering is intended to give them their preferable option.
âWeâre always looking for ways to improve and expand our services,â said Kevin McDorman, vice president at AT&T. âWe have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer.â
Project Updates
Ethereum Foundation Spring 2019 Update
The Ethereum Foundation outlines their plans for the next year, their vision for Ethereum and the part the EF plays in that community, how they will spend the $30mm funds that theyâve allocated over the next 12 months and much more.
Compound v2 is Live
Compound v2 is live on mainnet and now supports ETH, ZRX, REP, BAT, DAI and USDC. v2 also includes the very exciting cToken feature which means each market now has its own cToken (cETH, cZRX etc), which youâll receive when you supply that asset to the protocol; cTokens represent your balance in Compound.
Loopring Bi-Weekly Update
Various updates from the Loopring team including improvements to the SNARK performance of Loopring v3 - 120 TPS with on-chain data availability and 525 TPS without.
You can also watch Looprings founder talk about zkSNARks for DEX Scalability here.
Ethereum 2.0 Development Update #27âââPrysmatic Labs
The PryLabs Sapphire testnet reached 250k slots, the team aligned the state processing & deposit contract to v0.6.1, theyâre looking into BLS alternatives and the team runs through their NYC blockchain week highlights.
Eth2.0 Phase 2 Proposal 1
Vitalik Buterin published a document that describes a proposal for modifications to the beacon chain, and definition of the shard state and shard state transition function, for phase 2 (state and transaction execution) of Ethereum 2.0.
MakerDAO MCD Update
MCD Kovan Release v0.2.6 includes updates to the CDP portal, governance dashboard, testchain DSS deployment scripts and new developer guides.
Nexus Mutual Now Live
Nexus Mutual, the âpeople powered alternative to insuranceâ, is now live on the Ethereum main-net which means users can become a member, purchase NXM tokens and buy cover or participate in other staking activities on the platform.
MetaCartel DAO Accelerator Applications Now Open
Teams can now apply to the MetaCartel DAO to receive grants for projects focusing on the application layer of Ethereum.
Dai on Coinbase
Users can now trade the decentralized stablecoin Dai on Coinbase.com and in the Coinbase Android and iOS Apps.
Community Member Spotlight
This week weâre highlighting the work of community member Obi!
Obi is the founder of NodeTokyo, the first tech-focused, international blockchain conference in Japan and CryptoAge - a blockchain community for young people in Japan.
He also curates a weekly newsletter focusing on blockchain-related things in Japan called Week in Japan Crypto - go subscribe!
On-Chain Activity
More ETH is being spent on interacting with smart contracts
CDP 3228âs watch has ended
MKR token holders are currently voting on proposals to either keep the stability fee at 19.5% or lower it to 17.5% - currently MKR holders are voting in support of keeping the fee at 19.5%
Interesting Tweets
Ecosystem Bits
Blog Posts
DeFi-ing Tradition: How MakerDAO Helps Cultivate the DeFi Ecosystem
MetaMask Metrics: a first look (recommended read)
Bitcoin vs. Ethereum vs. Blockchain vs. Crypto âA Global Search Study
sTorgate, Takoyaki, and More: Meet the ENS Winners at ETHNewYork
Podcasts
To the Moon and Back With Polychainâs Olaf Carlson-Wee - Unconfirmed
Videos
Misc
Looking for Work?
Top jobs listed on Cryptocurrency Jobs this week:
Senior Public Relations Manager - Fuel Games
Android Developer - TabooKey
Community Intern - Guesser
UX/UI Designer - Ledger
+100âs more on the Cryptocurrency Jobs website!
Protect Your Crypto
Buy a hardware wallet:
Donations:Â 0xA19FCDaD77C1F0fd184689aca88BabCF68010347