Ethereum (@ethhole) • Hey
Open source platform to write and distribute decentralized applications.
Official account of the Ethereum Foundation
Publications
- 50 US Lawmakers Reintroduce 'CBDC Anti-Surveillance State Act' to Protect 'the American Way of Life'
**Fifty U.S. lawmakers have reintroduced the CBDC Anti-Surveillance State Act to prohibit the Federal Reserve from issuing a retail central bank digital currency “while protecting innovation and any future development of true digital cash.” Congressman Tom Emmer stressed: “President Biden is willing to compromise the American people’s right to financial privacy for a surveillance-style CBDC. I don’t believe in compromising Americans’ rights.”**
CBDC Anti-Surveillance State Act Updated, Reintroduced
U.S. Congressman Tom Emmer (R-MN) announced Tuesday that he and 49 other lawmakers have reintroduced the CBDC Anti-Surveillance State Act “to halt the efforts of unelected bureaucrats in Washington, D.C. from issuing a central bank digital currency (CBDC) that dismantles Americans’ right to financial privacy.”
- Yellow Card's Partnership With Moonpay Set to Enhance Nigerian Users' Crypto Trading Experience
**Yellow Card, the Africa-focused crypto exchange, recently said it had joined forces with Moonpay in an arrangement which is expected to help “enhance the crypto purchasing experience for Nigerians by leveraging local bank transfers.” According to Uzoma James, Yellow Card’s West Africa regional manager, the partnership is expected to “make crypto trading easy, intuitive, and available to all.”**
Transforming Nigeria’s Crypto Accessibility Landscape
The Africa-focused crypto exchange Yellow Card recently said it had established a working arrangement with Moonpay whose objective is to “streamline and enhance the crypto purchasing experience for Nigerians by leveraging local bank transfers.” Yellow Card and Moonpay believe the partnership will help transform Nigeria’s cryptocurrency accessibility landscape which in turn would make it more user-friendly.
After the Central Bank of Nigeria (CBN) directed financial institutions to exclude crypto entities from the banking ecosystem, Nigerian users were forced to look for alternative ways of buying or trading cryptocurrencies. Peer-to-peer trading has since emerged as one of the most preferred methods.
In its Sept. 12 press release, Yellow Card said the arrangement will allow Nigerian users “to engage in peer-to-peer crypto transactions with unprecedented ease.” The exchange added that by leveraging local bank transfers, users are able to overcome obstacles which complicate the purchase of cryptocurrencies via banks.
- Polygon 2.0 — MATIC conversion to POL outlined in preliminary improvement proposals
The Ethereum layer-2 developer has introduced the first improvement proposals to begin the transition to its Polygon 2.0 ecosystem.
Polygon Labs’ vision of an interconnected layer-2 Ethereum ecosystem powered by zero-knowledge cryptography begins in earnest following three inaugural improvement proposals that will begin the transition to Polygon 2.0.
The scaling technology firm unveiled Polygon 2.0 in June 2023, outlining plans for a scaling ecosystem made up of four protocol layers. The staking, interop, execution and proving layers all play a role in creating an interconnected ecosystem of chains that enable fast value transfer and information sharing.
- Liquidation cascade puts crypto market into shock: Report
Venture capital inflows decreased 42.7% as derivatives saw one of the largest liquidation events in crypto.
August was the worst month for the crypto markets since Bitcoin
BTC
$26,606 bottomed out in November 2022. What was initially perceived by many as merely a summer slump turned into a pronounced market downturn as liquidations cascaded on the derivatives market, erasing 7.3% of BTC’s and 6.9% of Ether’s ETHnull,634 value. Grayscale’s court victory was only a temporary reprieve from these losses, as the price retraced back to the levels starting out the month. This caused one of the largest liquidation events in crypto, totaling more than null billion lost when the price dropped to $26,000.
To further kick the industry when it was down, venture capital (VC) investment inflows were down 42.7% in August from July, only bringing in $401.9 million across 77 deals. Investment in the crypto industry was on the rise up until May of this year but has been steadily declining since.
- Gary Gensler is hurting the little guys for Wall Street
Securities and Exchange Commission Chair Gary Gensler is working to protect someone, but it’s not American investors.
https://cointelegraph.com/news/gary-gensler-hurting-little-guys-for-wall-street
- Web3 firms are spending up to $25M on HK crypto licenses: Report
VASP expenditures vary between 20 million and 200 million Hong Kong dollars as firms scramble to find Web3 talent for licensing.
https://cointelegraph.com/news/web3-firms-are-spending-up-to-25m-on-hk-crypto-licenses
- We have news! We couldn't be more excited to announce that Devcon 7 will be coming to South East Asia in 2024! Why? Read on to find out. More details in the full announcement here:
https://blog.ethereum.org/2023/02/28/devcon-7-update
- The rumors are true... ERC-4337 has been deployed on mainnet Security audit by @OpenZeppelin Bundlers and paymasters by @stackup_fi, @AlchemyPlatform, @biconomy , @etherspot, @candidewallet, @blocknative & more $300K in grants by @ethereum.lens
- Learned about all the web3 lingo on @orbapp.lens app, and also got a NFT. Now I'm certified slang master 🧙
#orb #orbapp #orbsbt
- Learned about basic fundamentals of Non-Fungible Token (NFT) on @orbapp.lens app, and also got a sick NFT 🤩
#orb #orbapp #orbsbt
- Learned about basic fundamentals and mission of @orbapp.lens project, and got a sick NFT 🔥
#orb #orbapp #orbsbt
- Learned about basic fundamentals and features of @LensProtocol on the @orbapp.lens app, and got a dope NFT 🌿
#orb #orbapp #orbsbt
- Learned about basic fundamentals of crypto wallet on @orbapp.lens app, and got a sick NFT 🤯
#orb #orbapp #orbsbt
- Learned about basic fundamentals of web3 on @orbapp.lens app, and got a dope NFT 😇
#orb #orbapp #orbsbt
- Come one, come all! Meta to bring NFT minting and trading to Instagram
An “end-to-end toolkit” for creators to make, show, and sell “digital collectibles” is coming to the social media platform Instagram.
https://cointelegraph.com/news/come-one-come-all-meta-to-bring-nft-minting-and-trading-to-instagram
- Bitcoin Mining Operations Continue to Expand Amid the Crypto Winter, While Converting 'Wasted Gas to Energy at Scale'
The bitcoin mining industry continues to expand as companies are obtaining more megawatts of capacity, building new facilities, and acquiring thousands of application-specific integrated circuit (ASIC) mining rigs. On Friday, the firm Validus Power revealed it has acquired two natural gas power stations in Ontario, Canada, that will become crypto mining facilities. On the same day, the firm Applied Blockchain got a $15 million loan to fund growth and “buildout of its data centers.” While the bitcoin mining industry’s growth has been exponential, at the same time, bitcoin mining operations are making a significant dent toward cleaning up the world’s CO2 emissions.
https://news.bitcoin.com/bitcoin-mining-operations-continue-to-expand-amid-the-crypto-winter-while-converting-wasted-gas-to-energy-at-scale/
- Bitcoin traders still favor new $20K lows as Ethereum hits $2K
It is high time for a deeper retracement on the "relief" rally in Bitcoin, say commentators, but upside targets of $28,000 stay on the table.
https://cointelegraph.com/news/bitcoin-traders-still-favor-new-20k-lows-as-ethereum-hits-2k
- Crypto lending platform Hodlnaut suspends services due to liquidity crisis
Hodlnaut avoided 3AC exposure and earlier denied ever buying UST, but several reports and on-chain data have shown that the lending firm at one point owned over $150M worth of UST.
https://cointelegraph.com/news/crypto-lending-platform-holdnaut-suspends-services-due-to-liquidity-crisis
- Axie Infinity cuts rewards from classic game, subtly forcing P2E players to new mode
The team described the move as part of its efforts to balance the economy for the Smooth Love Potion token.
https://cointelegraph.com/news/axie-infinity-cuts-rewards-from-classic-game-subtly-forcing-p2e-players-to-new-mode
- BlackRock Launches Spot Bitcoin Private Trust, Bitcoin Outlook as Ethereum Merge Approaches
"All About Bitcoin" discusses the news moving crypto markets. BlackRock offers U.S.-based institutional investors a spot bitcoin private trust. How could the Tornado Cash U.S. ban impact the future of crypto? Guests include Alex Thorn, head of research at Galaxy Digital and Doug Schwenk, CEO of Digital Asset Research.
https://www.coindesk.com/tv/all-about-bitcoin/all-about-bitcoin-august-11-2022/
- Mark Cuban calls buying Metaverse land "the dumbest sh*t ever"
Even though Mark Cuban, billionaire investor and owner of the Dallas Mavericks, is a member of the Bored Ape Yacht Club (BAYC), he is a vocal critic of the trend of selling plots of virtual land in the metaverse.
https://www.wikibit.com/en/202208101654984761.html?client=gads
- Our thesis for the multi-chain future is more relevant than ever⛓
The number of blockchains continues to grow along with the adoption of blockchain tech📈
Read how deBridge provides a decentralized, composable, and secure cross-chain infrastructure👇 https://blog.debridge.finance/the-state-of-a-multi-chain-ecosystem-in-2021-def51f0fcf9f
- **🌿 Rooting in Web3 — day 11 Introducing SoundIt**
**What is SoundIt?**
Official intro:
[@SoundItWorld](https://twitter.com/SoundItWorld) is an audio-first social decentralized platform (dPlat) focused in disrupting the status-quo audio value chain.
They are one of the grant winners from [@LensProtocol 🌿](https://twitter.com/LensProtocol), which we believe will integrate Lens into their platform in the future!
**Our opinion about SoundIt:**
SoundIt going to revolutionize how the audio industry works in the future. SoundIt positioned in a very unique & interesting angle which to empower creators and fans to interact with each other, plus creating masterpieces together! 🤯
**Let's deep dive to understand more:**
SoundIt enables creators to create a professional studio-like environment and collaborate and generate fan engagement directly on the go.
Important key highlights to mention would be SoundIt's complete suite of tools to empower creators such as "**Blurbs**", "**Feed, Stage & Spotlight**", "**Collab**" and "**Pods**".
Finally, the last important point to cover would be the creator economy & value chain. As for the long-term, [SoundIt](https://twitter.com/SoundItWorld) is going to fix the Creator-Fan-Platform relationship model in the audio sector.
There's more to cover here.
In order to know more about [SoundIt](https://twitter.com/SoundItWorld), please do support them:
🌐 <https://soundit.com>
💬 <https://t.me/SounditWorldOfficial>
- Academic Grants Round grantee announcement
We are thrilled to announce the 39 grantees selected for the recent Academic Grants Round. This grants round invited researchers, think-tanks, Ph.D. students, and all those interested in advancing knowledge around the Ethereum ecosystem to submit academic proposals.
Thank you to all those who submitted proposals, and congratulations to all the grantees. We are pleased with the number of quality applications that we received, which surpassed our initial expectations. Given the extraordinary potential of many project proposals, we have more than doubled the initial budget from $750,000 to $2 million.
https://blog.ethereum.org/2022/07/29/academic-grants-grantee-announce
- Translating the Ethereum Foundation blog
https://blog.ethereum.org/2022/08/31/blog-internationalization
- The Merge is coming: UPGRADE YOUR CLIENTS!
• The Bellatrix upgrade is scheduled for epoch 144896 on the Beacon Chain – 11:34:47am UTC on Sept 6, 2022
• The TTD value triggering The Merge is 58750000000000000000000, expected between 10-20 Sep 2022
MORE:
https://blog.ethereum.org/2022/08/24/mainnet-merge-announcement
- Another week, another testnet upgrade 😁
Sepolia, which merged a few weeks ago, now needs to undergo a simple post-merge upgrade to disconnect non-PoS peers. The upgrade is scheduled for August 17, and only ELs need to be updated. More info here 👇🏻
https://blog.ethereum.org/2022/08/03/sepolia-post-merge-upgrade/
- https://www.youtube.com/watch?v=EkHTsc9PU2A
Well open up your mind and see like me
Open up your plans and damn you're free
Look into your heart and you'll find
Love, love, love, love