We cover the London Inter-Bank Offered Rate (LIBOR) and Secured Overnight Financing Rate (SOFR), the Federal Reserve’s hawkish pivot, what we can learn from yield curves and of course, bitcoin.

For my part, I think this is a fantastic opportunity to observe how the system adapts to a fundamental change.

Yield Curves Look More Like Japan Than RecoverySnider is a yield curve whisperer.

I asked him specifically about one of his recent points he made about how the U.S. yield curve is more like Japan, in the last two decade sense, than any sort of recovery.

The yield curve always stayed low and flat, even though it had steepened out.

Christophe De Beukelaer, a Brussels member of parliament, announced he will take his full 2022 salary in bitcoin in an effort to raise awareness about the digital currency in Europe and spark conversations around its usage across different areas of society.

“I think it's not too late for Brussels and Belgium to be at the forefront of the cryptocurrency industry.

Despite the suggested laws being stalled, Suarez took the initiative to get paid in bitcoin indirectly by converting his paycheck into BTC through the Lightning payments app Strike.

Adams also converted some of his paychecks to bitcoin.

I want to put these topics in the public square in 2022.”

Russian President Vladimir Putin reportedly backs a government proposal to encourage bitcoin mining in the country through clear taxation and regulatory measures, instead of following the central bank’s recommendations of banning the activity altogether.

Three people familiar with the matter told Bloomberg that Putin backs the government’s stance, while the Bank of Russia has recommended the country to prohibit citizens from trading and mining cryptocurrency due to concerns that the activity could pose certain risks.

“The president’s backing, combined with his public comments this week, mean that the proposals are likely to be approved,” per the Bloomberg report.

Putin on a Wednesday meetin…

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In today’s Daily Dive, we’re covering the state of realized losses and profit in the market and an update to derivatives markets.

With bitcoin’s price falling, how much more loss can the market sustain and is there more short-term downside?

Source: GlassnodeYet as a percent of bitcoin’s market cap, the latest round of realized losses and selling are relatively small to market capitulation we’ve seen before.

As a refresher, NUPL is calculated as (Market Cap - Realized Cap) / Market Cap.

2021 was a major year for Bitcoin mining.

Given the amount of hash rate on order by public miners, we expect hash rate to continue to dislocate from price.

As of the end of 2021, 16 bitcoin mining companies were listed on the NASDAQ, with seven additional listings pending.

Source: Galaxy DigitalWith more bitcoin mining companies now listed on U.S. exchanges, reporting requirements for public companies have opened the door for industry participants to gain key insights into Bitcoin mining operations.

More likely than not, the ongoing dislocation between hash rate and price will continue as supply chain failures and hardware constraints limit hash rate growth.

And if you’ve invested in bitcoin or sold bitcoin, then things get really fun.

In order to compute capital gains and losses, you need to know your original cost basis.

Bitcoin Received From Mining Are TaxableIf you’re mining bitcoin, every coin you mine is taxable as ordinary income.

Being Paid In Bitcoin, Or Paying In Bitcoin, Are Taxable EventsIf someone pays you for your services in bitcoin, that is taxable as self-employment income.

There is not yet a user-friendly system of taxation to handle all Bitcoin transactions fluidly.

Real Bedford FC partnered with OpenNode to accept bitcoin payments.

The club’s choice for a payment processing strategy comes a couple of weeks after Real Bedford announced its bitcoin custody strategy.

The OpenNode integration will enable Real Bedford FC to accept bitcoin for game tickets online and in person, merchandise, sponsorships, and concessions sales at games.

"OpenNode is really pleased to support Peter McCormack’s combination of passion, commitment, and vision for Real Bedford FC.

Bitcoin empowers individuals and communities, and Real Bedford FC is another testament to these aims," she added.

In March 2019, an anonymous individual by the pseudonym “PlanB” astonished investors when he published “Modeling Bitcoin Value with Scarcity,” and introduced his now famous Stock-to-Flow (S2F) model.

The model predicted exponential growth of the bitcoin market value, with what purported to be sound scientific methods.

A year later, he introduced the Stock-to-Flow Cross Asset (S2FX) model, which includes gold, silver, diamond and real estate data.

As we will see below, PlanB’s models are scientifically invalid and don’t have the confidence level he claims they do.

PlanB claims the S2FX model leaves out time for bitcoin, but this is false as his Bitcoin phases are a function of time.

Powell reiterated that the committee is focused on maintaining a strong labor market and curbing inflationary pressures, the two main drivers of the FOMC’s monetary policies.

Despite a “very, very strong” labor market, Powell said inflationary pressures have been keeping the Fed alert as they try to contain prices.

Powell added how inflation has been higher than its target and for a longer period than anticipated, prompting a likely more hawkish set of policies to come.

The Fed chair reassured that the labor market is expected to remain strong even after the employment of tighter monetary policies.

Inflation rates have soared to 40-year highs as the Fed blames supply-side constraints for a …

The Fight For Bitcoin, Round Three“Metadata absolutely tells you everything about somebody's life.

If you have enough metadata you don't really need content.” - Former NSA General Counsel Stewart BakerThe Lightning Network is becoming synonymous with the future of Bitcoin, and not without reason.

The mass-adoption-ready second layer scaling solution to the necessary and prudent economic incentives of a small block base layer is looking more and more everyday like the Lightning Network; in fact as this is being written, CashApp has just integrated Lightning interoperability into its platform.

In a Lightning transaction, there are two potential adversaries one must account for: global network…

McClurg believes that the market is finally starting to price in tapering but has failed to price in interest rate heights.

If the Fed stops buying, that means there is an open market for treasuries and for debt and market pressure pushes yields upward, causing debt on spending programs to be even higher.

As interest rates go lower, insurance companies charge higher premiums to new customers to offset the lack of yield that they are getting.

Wilson said that America leads many countries when it comes to bonds and discusses debasing money around the world.

McClurg and Wilson ended the episode saying the bond market has spoken, patience is key and if you are in the space you should build.

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In brief DJ and artist Steve Aoki is launching an Ethereum NFT membership club called A0K1VERSE.

DJ Steve Aoki has been both a prominent creator and collector in the NFT space over the last couple of years.

Revealed today, A0K1VERSE is an Ethereum NFT-driven membership community—like a tech-upgraded Steve Aoki fan club.

Each Passport NFT can be upgraded using A0K1 Credits, of which there will be 25,000 in total minted as ERC-1155 NFTs.

Image: Steve AokiA0K1 Credits will be airdropped to existing Steve Aoki NFT holders, plus there will be a presale for holders of select other projects, such as Doodles, Adam Bomb Squad, 0N1 Force, and TIME Pieces, plus musician 3LAU’s NFTs.

In brief Warner Music Group will open a metaverse concert venue and amusement park within The Sandbox.

Warner Music Group (WMG) is planning a future of virtual concerts within the metaverse, announcing today that it has partnered with upcoming Ethereum game The Sandbox to open a music-themed area within the shared online game world.

It's the first such label to secure a location in a metaverse game.

The Sandbox will hold a land sale in March to let players purchase land plots adjacent to those belonging to Warner Music Group.

Last April, Warner Music Group announced a partnership with Genies, a startup that creates cartoon-like avatars and sells them on Dapper Labs’ Flow blockchain.

Reddit, the popular online discussion platform valued at $10 billion, is testing a feature that would allow its users to connect any non-fungible token (NFT) they own to their profile picture.

While Reddit already has its own Ethereum-based NFT collection called CryptoSnoos, the new feature will reportedly enable users to add any NFT they own to their profiles.

App researcher Nima Owji first spotted the ongoing test last week, adding a picture of the announcement to his Twitter post.

At the moment, we're testing the ability to use NFTs as profile pictures (avatars) and verify ownership," Reddit spokesman Tim Rathschmidt told TechCrunch.

Twitter launched a similar feature last week, allowing…

In brief The funding round values Fireblocks at $8 billion.

Crypto infrastructure giant Fireblocks announced on Thursday it has raised $550 million in a Series E investment round that values the company at $8 billion.

"Custody and wallet infrastructure is our bread and butter," CEO Michael Shaulov told Decrypt, explaining the company's core business is providing custody and back-end crypto services to companies and investment funds.

He added that Fireblocks aims to provide crypto services to fields like gaming, media and shopping.

The latest funding round was co-led by D1 Capital Partner and Spark Capital.

In brief CoinTracker is crypto tax software.

With the IRS filing period just around the corner, one crypto tax company is ready to put its name on a lot of returns.

CoinTracker is software designed to make it easier for crypto users to track their tax liabilities and report earnings and losses to the IRS.

The frequency with which crypto transactions take place, combined with the still-evolving reporting guidelines of the Internal Revenue Service, makes filing taxes difficult for crypto users.

"Hundreds of millions of crypto users globally need to become tax compliant before there are negative implications like tax audits and penalties," he said.

0xSifu, a co-founder and CFO of an Avalanche-based fork of OlympusDAO called Wonderland, has been outed as a co-founder of the notorious Canadian crypto exchange QuadrigaCX.

Initial reports from Twitter user zachxbt indicate that 0xSifu’s real name is Michael Patryn.

Omar Dahini (aka Omar Patryn, aka Michael Patryn, aka 0xSifu) is also the same individual who co-founded QuadrigaCX in 2013 with Gerald Cotten.

1/ This needs to be shared @0xSifu is the Co-founder of QuadrigaCX, Michael Patryn.

“The downfall of crypto-asset trading platform QuadrigaCX resulted from a fraud committed by Quadriga’s co-founder and CEO Gerald Cotten,” the report said.

In many respects, 2021 was a huge year for crypto—and it was underpinned by growth in the NFT space, according to research from crypto analytics platform Nansen.

The August surge was particularly strong, sparked by the fervor surrounding Bored Ape Yacht Club spin-off Mutant Ape Yacht Club.

It formed just one of the drivers for growth in the NFT space over the year, Nansen CEO Alex Svanevik told Decrypt.

The firm added that while NFTs “achieved a mainstream breakthrough” in 2021, early indicators also show a growing trend of investment in metaverse and gaming utility.

Through its Smart Money platform, Nansen enables customers to perform due diligence, discover new opportunities, and make str…

Superdao wants to change that, announcing today that it has raised $10.5 million in a funding round led by VC firm SignalFire to help it achieve its goal of building an all-in-one DAO protocol.

Founded in October 2021, Superdao aims to grow the DAO economy with better infrastructure, according to its founder Yury Lifshits.

“That’s why we’re about to launch Superdao, the all-in-one platform that makes it easy to start and run a DAO,” Lifshits told Decrypt.

He added that the platform will also include an aggregated news feed for DAO member updates and a marketplace for DAO discovery.

Other projects like Syndicate’s Web3 Investment Clubs, Aragon, Moralis, and DAOstack offer solutions for group…

A successful December proposal called for the "offloading" of the content team.

This week, after a contentious discussion, they narrowly voted to euphemistically "offboard" (i.e., fire) its content team, known as the Content Production Core Unit.

Members of the content team didn't have much of a head start before Maker Foundation shut down.

Others pointed out that the initial intention was for the content team to work alongside a marketing team staffed with foundation veterans.

When that failed to materialize, more of the burden fell on the content team.

In brief The Sandbox, an Ethereum metaverse game, has launched a $50 million accelerator program with Animoca Brands and Brinc.

As hype around the coming metaverse builds, Ethereum-based crypto game The Sandbox has emerged as one of the early contenders in the space.

And to encourage the development of metaverse projects both within and outside the game world, The Sandbox has launched an accelerator program to invest in and mentor startups.

The Sandbox Metaverse Accelerator Program will be added as a track in the existing Launchpad Luna alliance that Animoca and Brinc established in 2021.

Virtual land has been on the rise in recent months across The Sandbox and fellow Ethereum metaverse gam…

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На самом деле коррекция фондового рынка плохо отражается не только на биткойне, но и на всех рисковых активах.

Но мы могли бы пойти немного дальше и задать более конкретный вопрос: насколько сильно просадки на фондовых рынках тянут биткойн вниз?

Насколько близки по времени дно просадки SP500 и дно ценового движения биткойна за аналогичный период?

Иными словами, каким обычно бывает эффект падения фондового рынка на BTC и насколько синхронизирован этот эффект?

На основании предоставленных данных, вы принимаете инвестиционные решения взвешенно, ответственно и на свой страх и риск.

Президент России Владимир Путин открыл сегодняшнее совещание с членами правительства вопросом о регулировании криптовалют.

В частности, на совещании Владимир Путин заявил, что Россия имеет конкурентные преимущества в майнинге.

«Я попросил и Правительство России, и Центральный банк в ходе дискуссии прийти к какому-то единому мнению.

На прошлой неделе ЦБ выпустил доклад, в котором предложил запретить майнинг и организацию обращения криптовалют на территории РФ.

Путин отметил, что Банк России «не стоит на пути прогресса и сам предпринимает усилия, чтобы внедрять новейшие технологии в эту сферу деятельности».

Казань может стать пилотной зоной для изучения работы инфраструктуры крипторынка под контролем государства, считает глава Минцифры Татарстана Айрат Хайруллин.

Глава Минцифры Татарстана Айрат Хайруллин на коллегии министерства предложил создать в Казани «пилотную зону» и начать тестировать регулирования криптовалют в рамках двух федеральных законов — об экспериментальных правовых режимах и цифровых финансовых активах.

По мнению Хайруллина, это позволит посмотреть, как взаимодействуют элементы инфраструктуры криптовалютного рынка под контролем государства.

В Татарстане находится один из трех наукоградов России и особая экономическая зона Иннополис.

20 января Банк России выпустил доклад для об…

В Международном валютном фонде указали на необходимость строгого регулирования и надзора в отношении экосистемы электронного кошелька Chiva и первой криптовалюты.

Международный валютный фонд (МВФ) призвал власти Сальвадора отменить решение о признании биткойна официальным платежным средством, которое действует с сентября 2021 года.

Представители МВФ провели консультации с властями страны относительно экономической ситуации в ней, говорится в заявлении организации.

«Существуют крупные риски для финансовой стабильности, добросовестности в финансовой сфере и защиты прав потребителей, связанные с использованием биткойна», — отметили члены Исполнительного совета фонда.

По словам президента, горо…

Измерение медвежьего тренда на рынке биткойна — непростая задача, и в этом обзоре мы попытаемся добавить немного красок в дискуссию, используя в качестве руководства историческое поведение инвесторов и паттерны прибыльности.

Измерение медвежьего тренда на рынке биткойнаВ минимальной точке текущей недели цена на биткойн едва не сократилась вдвое по сравнению с рекордным максимумом, достигнув общей просадки около 50%.

NUPL в настоящее время находится на уровне 0,325, что указывает на то, что эквивалент 32,5% рыночной капитализации биткойна удерживается в качестве нереализованной прибыли.

На это есть ряд указаний:Учитывая предыдущие циклы, такая низкая прибыльность типична для ранней и средней…

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В письме KEGOC, распространившемся в сети, говорится об отмене поставок электроэнергии майнерам с 24 по 31 января 2022 года.

Отключение объяснили «напряженной ситуацией с поддержанием баланса электроэнергии и мощности».

Причиной в KEGOC назвали «наброс мощности из-за аварийного дисбаланса, созданного энергосистемой Центральной Азии».

Кроме того, по словам Алана Дорджиева, на фоне ограничений майнеры начали покидать страну в поисках других юрисдикций.

По оценкам Центра альтернативных финансов Кембриджского университета, Казахстан стал одним из мировых лидеров по хешрейту биткойна на фоне миграции майнеров из Китая.

Даже если в макроперспективе вы правы, вероятность того, что рынок вышибет вас на отскоке, вблизи поддержки на старших таймфреймах намного выше.

Паттерн неудачного прорыва выше ₿0,077 получил развитие, и в результате ситуация с курсом ETH к USD и BTC выглядит менее ясной, чем в паре биткойн/доллар.

И то и другое — сопротивления.

Рынок ожидает повышения ставок в марте и, на момент написания, еще трех повышений в течение года.

На основании предоставленных данных, вы принимаете инвестиционные решения взвешенно, ответственно и на свой страх и риск.

По мнению директора департамента финансовой политики Минфина Ивана Чебескова, запрет на проведение операций с криптовалютами и майнинга приведет к отставанию страны в высокотехнологичной отрасли.

Министерство финансов России выступает за регулирование, а не запрет криптовалют, заявил директор департамента финансовой политики Минфина РФ Иван Чебесков.

По его словам, российские власти не могут себе позволить запрет на проведение операций и майнинг криптовалют, поскольку это будет означать отставание страны в высокотехнологичной отрасли.

В этой связи Министерство финансов активно участвует в проработке законодательных инициатив с точки зрения регулирования этого рынка», — подчеркнул Чебесков.

…

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Фиpмы имeют пpaвo пpoдвигaть cвoи уcлуги тoлькo нa coбcтвeнныx caйтax и в мoбильныx пpилoжeнияx.

Ослабление аргументов в пользу биткойна как валюты и инфляционного хеджа на фоне ужесточения политики ФРС говорит о потенциальном наступлении «криптозимы».

В частности, они отметили ограниченное предложение и высокую волатильность биткойна в качестве барьеров для обретения статуса «лучших денег».

Среди других упомянутых факторов — «недостатки в лежащей в его основе технологии», а также пересмотр регулирования, который способен затормозить развитие отрасли.

В UBS допустили, что текущим ослаблением c рекордных $69 000 в ноябре биткойн не ограничится.

Ранее в инвестиционной компании Invesco допустили падение биткойна ниже $30 000 в 2022 году, поскольку «пузырь в активе сдувается».

Несколько вещей, за которыми стоит понаблюдать:Каждая эпоха переживала серьёзные просадки как по величине, так и по продолжительности.

Это означает, что может быть больше боли как для фондового рынка, так и для биткойна.

Что же в итоге?

Как обычно, усреднение долларовой стоимости, без кредитного плеча, долгосрочный подход, всё это в совокупности — выигрышная сделка.

На основании предоставленных данных, вы принимаете инвестиционные решения взвешенно, ответственно и на свой страх и риск.

ОтC 27 янвapя южнoкopeйcкaя кpиптoбиpжa Bithumb нe пoзвoлит пoльзoвaтeлям вывoдить cвoи кpиптoaктивы нa нe пpoшeдшиe пpoвepку чacтныe кoшeльки.

24 янвapя биpжa oбъявилa, чтo cтaнeт втopoй из чeтыpёx кpупныx биpж в cтpaнe, кoтopaя зaпpeтит вывoд cpeдcтв нa нeпpoвepeнныe кoшeльки.

Бaнк нacтoятeльнo пoтpeбoвaл oт биpжи «зaблoкиpoвaть вce личныe кoшeльки, нe имeющиe coбcтвeннoй cиcтeмы KYC».

Taкoй бaнк мoжeт oкaзaть cильнoe влияниe нa пoлитику биpжи, кaк в cлучae c Nonghуup, Bithumb и Coinone.

Бaнкoвcкиe cчeтa c peaльным имeнeм гapaнтиpуют, чтo лицo, пpинимaющee фиaтныe плaтeжи c биpжи, являeтcя тeм жe лицoм, кoтopoe тopгуeт кpиптoвaлютoй нa eё плaтфopмe.

Корпорация Warner Music Group (WMG) откроет музыкальный тематический парк в метавселенной проекта The Sandbox.

🤝 Join us in welcoming none other than… @warnermusic to The Sandbox!

🎶Their LAND will be the first of its kind in the #Metaverse which will feature live concerts & music experiences from WMG’s huge roster of musical talent!

Full details 👇https://t.co/v1GfOWWjWz pic.twitter.com/JfzWePXrix

Концепция регулирования крипторынка от Минфина РФ является позитивным знаком для держателей биткоина, однако предложенные меры противоречат природе цифровых активов и, вероятно, разработаны под конкретного игрока. Об этом заявили опрошенные ForkLog эксперты. Министерство финансов предлагает проводить криптовалютные операции через банки, ввести полную идентификацию пользователей и отслеживание транзакций по аналогии со швейцарским сервисом Aximetria, а также создать реестр бирж и обменников. Идентификация пользователей при сделках с криптовалютой вписывается в общемировой опыт. Однако предложение открывать биткоин-кошелек через банк звучит, как минимум, странно, рассуждает партнер BaksDAO Эд…

Российский центробанк ознакомился с предложенной Минфином концепцией регулирования криптовалют и выразил замечания по ряду пунктов. Об этом сообщили в пресс-службе ЦБ РФ, пишет ТАСС. В Банке России отметили, что допуск криптовалют в финансовую систему несет риски для ее стабильности. Регулятор считает, что в концепции Минфина происходит подмена понятий в части обеспечения защиты физ- и юрлиц за счет легализации торговли криптоактивами и установления требований к операторам обмена цифровых валют. "Однако с учетом того, что у большинства криптовалют отсутствует эмитент, ответственное лицо, риски граждан, инвестирующих в такие инструменты, будут перекладываться на российские финансовые организ…

В структуре переданной ончейн стоимости 65% составляют биткоин-транзакции на сумму в $1 млн и выше.

Подобные расчеты привели аналитики Glassnode.

#Bitcoin transfer volumes continue to be dominated by institutional size flows, with more than 65% of all transactions being larger than $1M in value.

The uptrend in institutional dominance in onchain volumes started around Oct 2020 when prices were around $10k to $11k.

pic.twitter.com/tTbMEuIriB

Между организатором январской серии атак на украинские правительственные сайты и "минером", действующим от имени клиента обанкротившейся биткоин-биржи WEX, может существовать связь. Об этом говорится в отчете Команды реагирования на киберугрозы в Украине CERT-UA. Исследователи провели сравнительный анализ компилятора, расширений файлов и некоторых функций шифровальщика WhisperKill, использованного в ходе атак на ряд министерств и ведомств Украины в ночь на 14 января. Он показал, что вредонос более чем на 80% схож с ориентированным на англоязычных пользователей зловредом Encrpt3d, также известным как WhiteBlackCrypt, активность которого пришлась на март 2021 года. "WhiteBlackCrypt является ф…

Калифорнийский банк Silvergate Capital согласился приобрести за $200 млн активы проекта стейблкоина Diem (ранее Libra), поддерживаемого Meta. Об этом сообщает WSJ. В мае Diem Association заключила соглашение о выпуске Diem с Silvergate Capital, который должен был стать эмитентом стейблкоина, привязанного к американскому доллару. Однако финучреждение не получило одобрение Федеральной резервной системы США. О планах Facebook (ныне Meta) выпустить собственную криптовалюту стало известно в 2018 году. В июне 2019 года проект обеспеченного корзиной валют стейблкоина Libra был объявлен официально с публикацией white paper. Одновременно Facebook представила кошелек Calibra. Ранее одноименное подраз…

Стоящая за разработкой Axie Infinity студия Sky Mavis выпустила токен управления RON для сайдчейна Ronin.

Актив появился в листинге биржи OKX (ранее OKEx).

📣 $RON — the native token of @Ronin_Network, a #blockchain gaming company behind @AxieInfinity, gets listed on #OKX!

▶ Deposit is NOW open📈 Spot trading for RON/USDT will open once the deposits meet the minimum liquidity requirement#NewListing ⤵️

Платформа по управлению криптовалютными инвестициями и формированию налоговой отчетности CoinTracker привлекла $100 млн по итогам раунда финансирования Серии А, возглавляемого Accel.

Announcing our $100M Series A, led by @Accel.

Thank you to all our investors, team members, and the CoinTracker user community for being a part of our mission to increase the world’s financial freedom and prosperity.https://t.co/r9VTywp8U6

В прошлом году киберпреступники отмыли криптовалюты на сумму $8,6 млрд — этот показатель на 30% выше значений 2020 года, свидетельствуют данные аналитической компании Chainalysіs. Данные: Chainalysіs. Оценки компании основываются на средствах в криптовалюте, полученных в результате киберпреступной деятельности вроде торговли в даркнете или атак вымогательского ПО. "Сложнее измерить, сколько фиатной валюты, полученной в результате офлайн-преступлений — например, оборота наркотиков — конвертируется в криптовалюту для отмывания", — отметили в Chainalysіs. По данным аналитиков, с 2017 года киберпреступники отмыли криптовалюту на сумму более $33 млрд, большую часть средств постепенно перевели на…

Кастодиан Fireblocks привлек $550 млн при оценке в $8 млрдПровайдер криптокастодиальных услуг Fireblocks привлек $550 млн по итогам раунда финансирования Серии E. Инвесторы оценили компанию в $8 млрд.

В нем также участвовали General Atlantic, Index Ventures, Mammoth, CapitalG (независимый фонд роста в составе Alphabet), Altimeter и ParaFi Capital.

Объем задействованных в Fireblocks активов составляет $45 млрд.

Напомним, в июле Fireblocks привлекла $310 млн при оценке в $2 млрд.

Подписывайтесь на новости ForkLog в Telegram: ForkLog Feed — вся лента новостей, ForkLog — самые важные новости, инфографика и мнения.

Президент РФ Владимир Путин поддерживает предложение правительства о налогообложении и регулировании майнинга криптовалют вместо его запрета. Об этом пишет Bloomberg со ссылкой на знакомые с ситуацией источники. По их данным, Путин поддерживает идею легализации добычи криптовалют в регионах с избытком электроэнергии, таких как Иркутская область, Красноярский край и Карелия. Сооснователь BitCluster Виталий Борщенко заявил, что представителей майнинговой индустрии пригласили присоединиться к рабочей правительственной группе после публикации доклада ЦБ с предложением запретить добычу криптовалют в РФ. https://forklog.com/slozhno-zapretit-to-chto-ne-opredeleno-zakonom-eksperty-otsenili-vozmozhn…

Сообщество уличило соучредителя DeFi-платформы Wonderland в причастности к QuadrigaCXСоучредителем DeFi-протокола Wonderland под ником 0xSifu является сооснователь обанкротившейся канадской криптобиржи QuadrigaCX Майкл Патрин, обнаружил ончейн-детектив под псевдонимом zachxbt.eth.

«Я согласен с тем, что бывшие заключенные заслуживают второго шанса, но дело совсем не в том, чтобы быть осужденным», — подчеркнул он.

My statement on Recent Developmens at Wonderland https://t.co/Lq3TK4z1fI — Daniele never asks to DM (@danielesesta) January 27, 2022Сестагалли и 0xSifu основали Wonderland в сентябре 2021 года как форк протокола Olympus на блокчейне Avalanche.

Наряду с командами протоколов Abracada…

Австралийский блокчейн-стартап Chrono.Tech закрыл раунд финансирования на $30 млн. Об этом говорится в пресс-релизе.

The post Криптостартап Chrono.Tech привлек $30 млн от Марка Карнеги и других инвесторов first appeared on ForkLog.

Росфинмониторинг поддерживает позицию Минфина РФ в отношении регулирования криптовалют. Об этом сообщили в пресс-службе ведомства, пишет ТАСС. «Предложение концептуально соответствует стандартам FATF и поддерживается Росфинмониторингом», — сказали в Росфинмониторинге. В то же время глава комитета Госдумы по финансовому рынку Анатолий Аксаков рассказал "РИА Новости" о подготовке законопроекта о регулировании криптовалют. "Группа энтузиастов, но при этом достаточно взвешенных людей, готовит проект закона, который в ближайшее время должен поступить в комитет", - сказал он. Позже документ направят в ЦБ РФ и Минфин на обсуждение. Также Аксаков заявил, что в феврале на площадке Госдумы планируют …

Власти РФ должны изучить международный опыт в сфере регулирования криптовалют и разработать правила наиболее выгодные для экономики России и ее граждан, заявили в Совфеде.

The post В Совфеде рекомендовали регулировать криптовалюты с выгодой для граждан first appeared on ForkLog.

Zodiac is a collection of tools built according to an open standard which proposes a composable design philosophy for DAOs.

Built by the Gnosis Guild team, this extension pack for DAOs enables connection between platforms, protocols, and chains, no longer confined to monolithic designs.

It not only changes access, but bridges chains, organizations, and networks through DAO-to-DAO (D2D) collaboration mechanisms.

We were joined by Kei Kreuther and Auryn Macmillan, founders of Gnosis Guild, a core contributor to the Zodiac platform.

Hear as we chat about the rise of Decentralized Autonomous Organizations, the Zodiac Toolset and how it works, and the future of DAOs in not only the blockchain sp…

The current lack of privacy on the internet exposes billions of people to mass surveillance and data breaches, undermining trust in digital services and stifling innovation.

Nym is a mixnet and develops the infrastructure to prevent this data leakage by protecting every packet’s metadata at the network and application layers.

We were joined by Nym’s CEO & Founder Harry Halpin, and CSO Jaya Klara Brekke, to chat about the threat mass surveillance has on society, what Nym sets out to do and take a deep dive into the architecture of the protocol.

Formerly Enigma, Secret Network is a blockchain-based, open-source protocol built using the Cosmos SDK.

It uses Trusted Execution Environments on nodes to marry privacy-by-default with smart contracts.

We welcomed Guy Zyskind, Founder & CEO of Secret Network, back on the show to chat about the progression of the project into the new protocol and why this is now built on Cosmos, advantages and drawbacks in using Trusted Execution Environments and SGX technology over cryptography only, and why people might want to keep NFTs private.

The DarkFi squad return for the second part of this 2 part episode.

We chat about the FreeAssange DAO, totalitarianism in crypto, and hear about Amir’s early involvement in many projects including Bitcoin, DarkMarket (OpenBazaar) and even Ethereum.

Diving a bit more technical, we also cover the DarkFi platform, a new blockchain that prioritizes privacy.

As a base layer for anonymous applications and smart contracts, it’s a multichain interoperable, and open source product that anyone can build any type of applications on utilizing zero-knowledge proof.

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Fei Protocol is a decentralized, liquid, and scalable stablecoin platform, based on a new concept called Protocol Controlled Value (PCV).

After a rocky start, Fei is now back on the road to growth with an upcoming v2 and one of the biggest token mergers in crypto history.

On the day before the Fei v2 launch, we were joined by Founder Joey Santoro to chat about the differences between v1 and v2, how the platform works on a PCV model, TRIBE and protocol governance, and the Rari merger.

2021 was an exciting year for the crypto space.

We’ve seen all-time market highs, dramatic regulatory shifts, and some use cases hit the mainstream.

4 of our hosts got together to dissect the standout events of this year, and share their predictions for what is coming next.

Sorare is a blockchain sports game which bridges fantasy football and NFT collectibles.

A player collects a team of players in the form of NFTs and based on the performance of the players in the real world, scores points.

At the end of the tournament, the Sorare participant is ranked and earns rewards.

Nicolas Julia, Co-founder & CEO of Sorare, created the game in 2018, way before the NFT craze of 2021.

He joined us to chat about fantasy sports and what convinced him of NFTs, working in the football industry and the impact of licenses, and the regulatory push backs they have faced as a company.

Avalanche is an open, scalable, and secure smart contracts platform.

It targets three broad use cases; building application-specific blockchains, building and launching highly scalable decentralized applications (dapps), and building arbitrarily complex digital assets with custom rules, covenants, and riders (smart assets).

Emin Gün Sirer is the Founder & CEO of the Avalanche network.

He is also a long time friend of the show, and joined us again for the 4th time after a 5 year break to share his journey since then, which led him to creating Avalanche.

We also dove deep into the technical aspects of the protocol and how it fits into the blockchain ecosystem as a whole.

Solana has pursued the vision of a single, fast and scalable blockchain from the start.

Today, it has become one of the fastest growing ecosystems in crypto with hundreds of projects spanning DeFi, NFTs, Web3 and more.

Last week 2,000 attendees descended on Lisbon for the first ever Solana conference, Breakpoint.

We caught up with Co-founder and CEO Anatoly Yakovenko at the event for a chat about the Solana journey and some of the most important questions they are facing today around decentralization, scalability, governance, and MEV.

Coin Center is an independent not-profit research and advocacy organization focused on the public policy issues that affect cryptocurrencies and open permissionless blockchain networks.

Their mission is to build a better understanding of technologies like Ethereum and Bitcoin and to promote a regulatory climate that preserves free speech and privacy.

Jerry Brito and Peter Van Valkenburgh joined us for a fascinating chat about the current regulatory landscape in the US and how that might affect the crypto ecosystem going forward.

Cometh is a game on Ethereum that lets users own yield-generating NFTs, integrating both DeFi and NFT features into a single, fun gaming experience.

As a player, you control spaceships (also called astronomers) orbiting around giant stars and your goal is to position yourself close to the asteroids (also known as smart asteroids) passing by.

When you are close enough, you will be able to mine tokens from that asteroid.

Jerome de Tychey, founder of the project, joined us to chat about how the game works, interactions with AMMs and lending protocols, and the future of blockchain gaming.

Gyroscope is an “all-weather stablecoin” that is backed by a reserve portfolio that tries to diversify across many risk factors.

By maintaining a reserve of many decorrelated assets, it makes Gyro Dollars more resilient, similar to how it is hard to move a spinning gyroscope.

In a market where there’s an explosion of new stablecoins, Gyroscope attempts to find a niche by providing a very stable and resilient option.

We were joined by co-founders Lewis Gudgeon and Ariah Klages-Mundt to chat about how Gyroscope works and their strategy to try to make it a standard throughout DeFi.

PieDAO is is a decentralized asset manager for tokenized portfolios and enables anyone to create allocations for both crypto and traditional assets.

PIES are non-custodial pools available to anyone in the world with an internet connection.

PIES require no minimum deposits for users.

Token holders are given voting rights on all decisions.

We were joined by the Founder of PieDAO, Alessio Delmonti, to talk about how the project works and why he is so committed to making wealth creation more accessible to all.

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Welcome to The Chopping Block!

Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry.

Show topics:Analyzing the market drawdownTwitter-native NFTs + Crypto CovenLooksRare — real or BS?

Solana’s disappointing network performanceWhat broke during the market downturn: OHM, Solend, and MakerDAOPredictions for market action going forwardEpisode LinksHostsHaseeb Qureshi, managing partner at Dragonfly Capital https://twitter.com/hosseebTom Schmidt, general partner at Dragonfly Capital https://twitter.com/tomhschmidtTarun Chitra, managing partner at Robot Ventures https://twitter.com/tarunchitraRobert Leshner, founder of Compoun…

Will Papper and Ian Lee, the two co-founders of Syndicate, join Unchained to announce the release of Syndicate’s new product: Web3 Investment Clubs, an innovation they believe could end up[...]

The post SyndicateDAO Is Launching Web3 Investment Clubs. Could They Disrupt VCs? appeared first on Unchained Podcast.

Fais Khan, author of the Startups and Econ newsletter, dives into his recently published research report, “You Don’t Own Web3”: A Coinbase Curse and How VCs Sell Crypto to Retail.

Show highlights:whether tokens perform better before or after being listed on Coinbasewhat relationship a16z, a venture capital firm, has to Coinbasewhy Fais believes that the poor performance of VC-backed tokens after being listed could be the result of insiders dumpingother reasons for a token’s poor performance after being listed on Coinbase besides insiders dumpingwhat type of coin/token went up 1,800% in 2020why Fais is suspicious of how quickly certain VC-backed tokens were listed on Coinbasewhether Fais bel…

Binance Smart Chain is the third largest chain by TVL and its token, BNB, is the third-largest token by market capitalization.

On Unchained, Gwendolyn Regina, investment director of the Binance Smart Chain Growth Fund, and Samy Karim, ecosystem coordinator at Binance Smart Chain, give a candid interview discussing BSC, from its amazing growth in 2021 to some of the toughest questions surrounding the chain.

why has BSC’s share of total value locked among smart contract blockchains fallen from 20% in May to 6%?

how is BSC attempting to help developers, who, according to some critical posts, are struggling to work with BSC?

Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021B…

Avid NFT collector Aftab Hossain (aka @iamDCinvestor on Crypto Twitter) discusses why OpenSea and NFT volumes are popping to start 2022, how LooksRare’s vampire attack is a good thing for the NFT market, and how royalties affect a project’s trading potential.

Show topics:why Aftab thinks NFT floor prices are rising and what role NFT “flippers” have to do with his theorywhether the NFT industry could continue growing even if fungible crypto assets enter a bear markethow the LooksRare vampire attack on OpenSea workswhy people are wash trading NFTs on LooksRarewhy Aftab would choose to list NFTs on LooksRare over OpenSeawhether LooksRare’s vampire attack will force OpenSea to decentralize and/…

The Chopping Block is back! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. Show topics: why crypto[...]

The post The Chopping Block: Why the Crypto Markets Have Been Down This Week appeared first on Unchained Podcast.

Kristin Smith, executive director at Blockchain Association, and Jake Chervinsky, head of Policy at Blockchain Association, discuss the current state of crypto regulation.

Show topics:why 2021 was a watershed year for crypto regulation and lobbyingwhy Jake decided to move from Compound Labs to Blockchain Associationwhat Kristin and Jake think about the current state of regulation in the crypto industryhow crypto education will play a significant role in Blockchain Association efforts going forwardhow crypto will affect midterm electionswhy Kristin thinks crypto will not be a partisan issue long termwhat sort of budget Blockchain Association functions onwhat Kristin and Jake think about the …

Electric Capital’s Maria Shen dives into her company’s recently published research report about Web3 open-source development in 2021 and shares her thoughts and insights on how developers are flocking to Web3 in a manner that goes far beyond just Bitcoin and Ethereum.

Show topics:Maria’s biggest takeaways from the Electric Capital Developer Reporthow developer growth is affected by asset pricewhich ecosystems are growing fastestwhy Maria thinks the growth in Bitcoin development has slowed downwhy Maria is so impressed by Ethereum’s performance in terms of retaining developershow closed-source development on, for example, Solana or Flow could affect the report’s findingsthe significance of P…

Larry Cermak, VP of research at The Block, and Igor Igamberdiev, director of research and data at The Block, recap the most significant trends of 2021 (BTC mining, L1s, NFTs, DeFi, venture funding) and discuss what might happen in 2022.

Show topics:why 2021 was so significant for the crypto industrywhy the crypto markets didn’t see a blow-off top at the end of the calendar year the way they typically do about a year after a Bitcoin halvingwhat Larry thinks about whether the crypto market is in a supercyclehow the state of BTC and ETH mining changed in the past yearwhy Igor thinks multichain technology was key to a record-breaking year for venture capital entering the crypto space in 2021how…

Welcome to the inaugural episode of The Chopping Block, a new show on Unchained hosted by Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra, in which they discuss the latest juicy topics in crypto.

This week, the four crypto heavyweights take a look back at 2021.

Show topics:Biggest winners and losersBest mechanismBiggest surpriseBest memePredictions for 2022Without revealing too much, Haseeb, Robert, Tom, and Tarun cover a lot of ground, diving into “esoteric” subjects like Luna tokenomics, the Tezos NFT marketplace HEN, the origins of web3, the Grayscale arbitrage opportunity, OHM, Convex Finance, single-basis point liquidity pools on Uniswap, and Empty Set Dollar.

They also t…

Mitchell F. Chan, who released one of the first NFT projects on Ethereum back in 2017, discusses his projects, making art on a blockchain, how NFTs are transforming the traditional[...]

The post Why NFT OG Mitchell Chan Has Released Just One Project This Year appeared first on Unchained Podcast.

The House of Lobkowicz has managed thousands of pieces of art and cultural artifacts, such as hand-annotated manuscripts by Mozart and Beethoven, for hundreds of years.

Their collections were confiscated under Nazi and Communist regimes but were returned roughly 30 years ago.

Now, the family intends to preserve, study, and share the collection with the world — and is using NFTs to make that happen.

Hear how Will Lobkowicz, director of digital media & innovation for House of Lobkowicz, and Michelle Choi, NFT strategist, used NFTs to raise funds to maintain and preserve this collection.

Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021Nodle: https://bit.ly/3AXGydJBrave: ht…

Gabby Dizon, cofounder of Yield Guild Games, discusses his background in gaming, why he started Yield Guild Games, the performance of Axie Infinity, and more. Show topics: how Gabby fell[...]

The post How Yield Guild Games Is Revolutionizing the Future of Work and Investment appeared first on Unchained Podcast.

Some of the biggest names in the crypto industry discuss their personal giving philosophies, how blockchain technology could change the dynamics of giving to charity, and which crypto projects are[...]

The post Crypto Philanthropy: How to Donate to Make Real-World Impact appeared first on Unchained Podcast.

On Unchained, two co-founders of Solana Labs, Anatoly Yakovenko and Raj Gokal, dive deeply into the Solana ecosystem, discussing everything from the price of SOL to the Solana network outage to the competition between Ethereum and Solana.

Show highlights:why Raj thinks SOL’s market cap grew from $86 million to $68 billion in less than a yearAnatoly’s and Raj’s background and how they found themselves working together to build Solanawhy Anatoly thinks Solana will be a general-purpose blockchain rather than specializing in gaming or high frequency tradingAnatoly’s goal to make Solana the first billion-user blockchainwhy Raj thinks NFTs on Solana have been so popularwhy, in the opinion of Raj …

This week Anna chats with Emin Gün Sirer – CEO Ava Labs and Founder of Avalanche.

They chat about the experiences that led him to become interested in distributed systems research and his work as a professor at Cornell that led to the development of Avalanche.

Polygon is one of the top Ethereum scaling platforms for developers with more than 130+ mn unique user wallets.

They are committed to bringing web3 to the masses by improving scalability and fostering the network effects of Ethereum.

As well as a number of fully secured EVM-compatible Zero Knowledge rollup solutions like Polygon Hermez, Polygon Miden, and Polygon Nightfall and the most recently announced acquisition of Mir Protocol, n…

This week Anna chats with Wanseob Lim an Applied ZKP Developer in the Privacy & Scaling Exploration Team at the Ethereum Foundation and one of the authors of the Zkopru protocol.

They explore how Zkopru uses optimistic rollups and zero knowledge proofs to create a privacy-focused Layer 2.

We also hear a little about what’s to come in the Zkopru ecosystem from merchandising to private exchange of NFTs.

Aztec aims to be the privacy layer for Ethereum.

Aztec is the first zero knowledge rollup built from the ground up for anonymous payments and DeFi transactions.

You can navigate through our menu or use this search bar:

You can navigate through our menu or use this search bar:

This week, Anna hosts a special 5-part interview with a roundup of perspectives from ZK Hack.

They discuss how they got started learning in this space and the resources and tools that helped them.

Next, Anna speaks with the puzzle builders on the challenges of designing and building these novel zk puzzles.

They discuss the state of the community and how the community could work together to create learning resources to enable its growth.

Last but not least, there is a chat with part of the ZK Hack organizing team on what they thought of the event and what’s to come next!

You can navigate through our menu or use this search bar:

This week Anna and Tarun chat with Vasiliy Shapovalov from Lido and Felix Lutsch of Chorus One about liquid staking on the ETH2 Proof of Stake consensus chain.

Vasiliy explains Ethereum’s unique PoS validator setup and how liquid staking behaves on this network.

They also talk about how liquid staking behaves on other live PoS, the inevitability of liquid staking and how to best design these systems.

Lastly, they chat about navigating control and decision making in liquid staking protocols, touching on topics of decentralisation and governance.

This will be a ZK-focused side round, funded by the ZK Validator and some great teams in the ZK ecosystem.

You can navigate through our menu or use this search bar:

You can navigate through our menu or use this search bar:

You can navigate through our menu or use this search bar:

You can navigate through our menu or use this search bar:

You can navigate through our menu or use this search bar:

You can navigate through our menu or use this search bar:

You can navigate through our menu or use this search bar:

...и вообще везде, где вы слушаете что-то еще!

04:01 — Zerion подняли очередной раунд инвестиций04:52 — как и почему Zerion добавили поддержку NFT?

10:07 — почему на Zerion иногда удобнее пользоваться DeFi, чем на самих протоколах?

23:57 — что такое дегенские тактики и что такое «альфа»?

32:32 — чем неожиданно похожи DeFi и традиционная финансовая система?

40:03 — что же такое trustlessness в мире DeFi и как расширяется децентрализация в мире DeFi47:07 — а что такое perpetuals?

...и вообще везде, где вы слушаете что-то еще!

...и вообще везде, где вы слушаете что-то еще!

...и вообще везде, где вы слушаете что-то еще!

Обсудили устройство и децентрализацию 1inch network и тенденции развития DeFi в целом.

00:40:40 — Кому и в какой пропорции раздавались гавернанс-токены?

00:57:20 — Как 1inch работает с майнерами?

Lend at Hodl Hodl это некастодиальная P2P платформа биткоин займов, где вы можете занимать и одалживать у других пользователей на любой срок и сумму под залог Биткоина.

На Lend at Hodl Hodl вы зарабатываете проценты, устанавливаете свои сроки и условия, без необходимости предоставлять какие-либо документы или проходить KYC.

...и вообще везде, где вы слушаете что-то еще!

...и вообще везде, где вы слушаете что-то еще!

Show support appreciated: donations.cryptovoices.comShow Sponsor:hodlhodl.com/join/cryptovoicesMatthew and Alec interview Seth for Privacy, host of the Opt Out podcast.

Seth runs the gamut on a variety of important…

Show support appreciated: donations.cryptovoices.comShow Sponsor:hodlhodl.com/join/cryptovoicesMatthew and Alec reflect on the podcast, five years on from the first episode (crypto educational narrations referred to…

Show support appreciated: donations.cryptovoices.comShow Sponsor:hodlhodl.com/join/cryptovoicesMatthew and Alec interview Greg Carmichael, founder and manager of the DEUS Opportunity Fund.

Greg flew F-16s for the U…

Show support appreciated: donations.cryptovoices.comShow Sponsor:hodlhodl.com/join/cryptovoicesMatthew, Alec, and Michel speak with Laurent (Askuwheteau), the other chief/half of the Nodl team.

Laurent breaks down …

Show support appreciated: donations.cryptovoices.comShow Sponsor:hodlhodl.com/join/cryptovoicesMatthew, Alec, and Michel break down the latest Monetary Base Update for 2021 Q3, published by Crypto Voices on Twitter …

Show support appreciated: donations.cryptovoices.comShow Sponsor:hodlhodl.com/join/cryptovoicesMatthew, Alec, and Michel interview Alex Gladstein, Chief Strategy Officer of the Human Rights Foundation and Oslo Freed…

Show support appreciated: donations.cryptovoices.comShow Sponsor:hodlhodl.com/join/cryptovoicesMatthew and Alec interview Josh Scigala, founder and CEO of Vaultoro, and co-founder of new stablecoin project "The Stan…

Show support appreciated: donations.cryptovoices.comShow Sponsor:hodlhodl.com/join/cryptovoicesMatthew and Alec interview Marian Tupy, editor of HumanProgress.org.

Marian overviews some facts and findings from Huma…

Show support appreciated: donations.cryptovoices.comShow Sponsor:hodlhodl.com/join/cryptovoicesMatthew and Alec interview Amanda Cavaleri, investor and entrepreneur.

We discuss Bitcoin surrounding the current langua…

Show support appreciated: donations.cryptovoices.comShow Sponsor:hodlhodl.com/join/cryptovoicesMatthew and Fernando interview successful investor and economist Dr. Marc Faber on a post-gold world order, 50 years on.…

Show support appreciated: donations.cryptovoices.comShow Sponsor:hodlhodl.com/join/cryptovoicesMatthew and Fernando interview expert economist and monetary historian Larry White on a post-gold world order, 50 years …

Show support appreciated: donations.cryptovoices.comShow Sponsor:hodlhodl.com/join/cryptovoicesMatthew and Alec interview Uri, a true Bitcoin OG, who mined bitcoins with his buddies in 2009 alongside Satoshi.

Show support appreciated: donations.cryptovoices.comShow Sponsor:hodlhodl.com/join/cryptovoicesMatthew, Alec, and Michel discuss the perennial promise of privacy, how it's being bombarded on all fronts, for all of u…

Show support appreciated: donations.cryptovoices.comShow Sponsor:hodlhodl.com/join/cryptovoicesMatthew and Alec interview Charles Finfrock, Insider Threat Director at a large publicly traded company (his views discu…

Show support appreciated: https://donations.cryptovoices.com Show Sponsor:

https://hodlhodl.com/join/cryptovoices Matthew & Alec break down some recent developments including: - Free tech vs. open tech

- Housing market

- States' rights in the pandemic

- Can you predict inflation?

- Monetary base vs. Price inflation

- Gold wars

- Alec on the Anom story

- Revisiting the ever-present meme of Bitcoin & crime (keeping perspective with what happens in fiat world)

- Is God on your team? Or better, are Philistines not on your team? Listen on to learn more. Links for more info:

https://www.haloprivacy.com/

https://cryptovoices.com/basemoney

https://en.wikipedia.org/wiki/ANOM

https://www.wsj.com/arti…

Join Marty as he sits down with Leo Zhang, founder of Anicca Research, to discuss: - Is this mining ban real?

- The dynamics of communication between the Chinese and Western mining industries - How will this migration affect hashrate in the short and medium term?

- Hashrate derivatives - much more Follow Leo on Twitter Check out Anicca Research Shoutout to this week's sponsors.

Create you offers & set your own terms on lend.hodlhodl.com Compass Mining.

Compass wants to democratize bitcoins hashrate and give everyone the ability to strengthen the network while mining bitcoin profitably.

Join Marty as he sits down with Leo Zhang, founder of Anicca Research, to discuss: - Is this mining ban real?

- The dynamics of communication between the Chinese and Western mining industries - How will this migration affect hashrate in the short and medium term?

- Hashrate derivatives - much more Follow Leo on Twitter Check out Anicca Research Shoutout to this week's sponsors.

Create you offers & set your own terms on lend.hodlhodl.com Compass Mining.

Compass wants to democratize bitcoins hashrate and give everyone the ability to strengthen the network while mining bitcoin profitably.

Join Marty as he sits down with Leo Zhang, founder of Anicca Research, to discuss: - Is this mining ban real?

- The dynamics of communication between the Chinese and Western mining industries - How will this migration affect hashrate in the short and medium term?

- Hashrate derivatives - much more Follow Leo on Twitter Check out Anicca Research Shoutout to this week's sponsors.

Create you offers & set your own terms on lend.hodlhodl.com Compass Mining.

Compass wants to democratize bitcoins hashrate and give everyone the ability to strengthen the network while mining bitcoin profitably.

Join Marty as he sits down with Leo Zhang, founder of Anicca Research, to discuss: - Is this mining ban real?

- The dynamics of communication between the Chinese and Western mining industries - How will this migration affect hashrate in the short and medium term?

- Hashrate derivatives - much more Follow Leo on Twitter Check out Anicca Research Shoutout to this week's sponsors.

Create you offers & set your own terms on lend.hodlhodl.com Compass Mining.

Compass wants to democratize bitcoins hashrate and give everyone the ability to strengthen the network while mining bitcoin profitably.

Join Marty as he sits down with Leo Zhang, founder of Anicca Research, to discuss: - Is this mining ban real?

- The dynamics of communication between the Chinese and Western mining industries - How will this migration affect hashrate in the short and medium term?

Lend at Hodl Hodl is a new non-custodial bitcoin backed lending platform, that allows peer to peer lending and borrowing between users, globally, anonymously & on your own terms.

Create you offers & set your own terms on lend.hodlhodl.com Compass Mining.

Compass wants to democratize bitcoins hashrate and give everyone the ability to strengthen the network while mining bitcoin profitably.

Join Marty as he sits down with Leo Zhang, founder of Anicca Research, to discuss: - Is this mining ban real?

- The dynamics of communication between the Chinese and Western mining industries - How will this migration affect hashrate in the short and medium term?

- Hashrate derivatives - much more Follow Leo on Twitter Check out Anicca Research Shoutout to this week's sponsors.

Create you offers & set your own terms on lend.hodlhodl.com Compass Mining.

Compass wants to democratize bitcoins hashrate and give everyone the ability to strengthen the network while mining bitcoin profitably.

Join Marty as he sits down with Leo Zhang, founder of Anicca Research, to discuss: - Is this mining ban real?

- The dynamics of communication between the Chinese and Western mining industries - How will this migration affect hashrate in the short and medium term?

- Hashrate derivatives - much more Follow Leo on Twitter Check out Anicca Research Shoutout to this week's sponsors.

Create you offers & set your own terms on lend.hodlhodl.com Compass Mining.

Compass wants to democratize bitcoins hashrate and give everyone the ability to strengthen the network while mining bitcoin profitably.

Join Marty as he sits down with Leo Zhang, founder of Anicca Research, to discuss: - Is this mining ban real?

- The dynamics of communication between the Chinese and Western mining industries - How will this migration affect hashrate in the short and medium term?

- Hashrate derivatives - much more Follow Leo on Twitter Check out Anicca Research Shoutout to this week's sponsors.

Create you offers & set your own terms on lend.hodlhodl.com Compass Mining.

Compass wants to democratize bitcoins hashrate and give everyone the ability to strengthen the network while mining bitcoin profitably.

Join Marty as he sits down with Leo Zhang, founder of Anicca Research, to discuss: - Is this mining ban real?

- The dynamics of communication between the Chinese and Western mining industries - How will this migration affect hashrate in the short and medium term?

- Hashrate derivatives - much more Follow Leo on Twitter Check out Anicca Research Shoutout to this week's sponsors.

Create you offers & set your own terms on lend.hodlhodl.com Compass Mining.

Compass wants to democratize bitcoins hashrate and give everyone the ability to strengthen the network while mining bitcoin profitably.

Join Marty as he sits down with Leo Zhang, founder of Anicca Research, to discuss: - Is this mining ban real?

- The dynamics of communication between the Chinese and Western mining industries - How will this migration affect hashrate in the short and medium term?

- Hashrate derivatives - much more Follow Leo on Twitter Check out Anicca Research Shoutout to this week's sponsors.

Create you offers & set your own terms on lend.hodlhodl.com Compass Mining.

Compass wants to democratize bitcoins hashrate and give everyone the ability to strengthen the network while mining bitcoin profitably.

Join Marty as he sits down with Leo Zhang, founder of Anicca Research, to discuss: - Is this mining ban real?

- The dynamics of communication between the Chinese and Western mining industries - How will this migration affect hashrate in the short and medium term?

- Hashrate derivatives - much more Follow Leo on Twitter Check out Anicca Research Shoutout to this week's sponsors.

Create you offers & set your own terms on lend.hodlhodl.com Compass Mining.

Compass wants to democratize bitcoins hashrate and give everyone the ability to strengthen the network while mining bitcoin profitably.

Join Marty as he sits down with Leo Zhang, founder of Anicca Research, to discuss: - Is this mining ban real?

- The dynamics of communication between the Chinese and Western mining industries - How will this migration affect hashrate in the short and medium term?

- Hashrate derivatives - much more Follow Leo on Twitter Check out Anicca Research Shoutout to this week's sponsors.

Create you offers & set your own terms on lend.hodlhodl.com Compass Mining.

Compass wants to democratize bitcoins hashrate and give everyone the ability to strengthen the network while mining bitcoin profitably.

Join Marty as he sits down with Leo Zhang, founder of Anicca Research, to discuss: - Is this mining ban real?

- The dynamics of communication between the Chinese and Western mining industries - How will this migration affect hashrate in the short and medium term?

- Hashrate derivatives - much more Follow Leo on Twitter Check out Anicca Research Shoutout to this week's sponsors.

Create you offers & set your own terms on lend.hodlhodl.com Compass Mining.

Compass wants to democratize bitcoins hashrate and give everyone the ability to strengthen the network while mining bitcoin profitably.

Join Marty as he sits down with Leo Zhang, founder of Anicca Research, to discuss: - Is this mining ban real?

- The dynamics of communication between the Chinese and Western mining industries - How will this migration affect hashrate in the short and medium term?

- Hashrate derivatives - much more Follow Leo on Twitter Check out Anicca Research Shoutout to this week's sponsors.

Create you offers & set your own terms on lend.hodlhodl.com Compass Mining.

Compass wants to democratize bitcoins hashrate and give everyone the ability to strengthen the network while mining bitcoin profitably.

Bitcoin Core version 0.20.2 is now available for download.

See the release notes for more information about the many new features and bug fixes in this release.

If have any questions, please stop by the #bitcoin IRC chatroom (IRC, web) and we’ll do our best to help you.

Bitcoin Core version 0.21.2 is now available for download.

See the release notes for more information about the many new features and bug fixes in this release.

If have any questions, please stop by the #bitcoin IRC chatroom (IRC, web) and we’ll do our best to help you.

Bitcoin Core version 22.0 is now available for download.

See the release notes for more information about the many new features and bug fixes in this release.

If have any questions, please stop by the #bitcoin IRC chatroom (IRC, web) and we’ll do our best to help you.

Bitcoin Core version 0.21.1 is now available for download.

As described in detail in the release notes, miner block templates produced by this version of Bitcoin Core will signal readiness to enforce taproot during the roughly three month period specified by BIP341.

Note: due to a problem with the certificate authority that provides the code signing certificates for the Windows versions of Bitcoin Core, users on Windows will need to click through an extra prompt to install.

If you are planning to upgrade anyway, there’s no reason to delay using 0.21.1 because of this problem.

If have any questions, please stop by the #bitcoin IRC chatroom (IRC, web) and we’ll do our best to help you.

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Enabled by Schnorr signatures and Merkelized Alternative Syntax Trees (MAST), Taproot will improve the efficiency and privacy of transactions, enhance scripting capabilities, and support Bitcoin scaling.

The Blockstream R&D team is one of the major contributors to the Bitcoin Core libsecp implementation and the related work on MuSig, both of which have Taproot support now integrated.

Taproot SupportTaproot and its new address format, bech32m, will bring several benefits to wallets, including our industry-leading Bitcoin and Liquid wallet, Blockstream Green.

For a more in-depth explainer on what Taproot brings to layer-2 Bitcoin, read our Taproot article on the Blockstream Engineering Blog.

…

Tranche seven will be available to investors on STOKR, Friday, November 12, 2021 (10:00 AM CET).

Tranche seven will total €2,600,000 (~ $3,000,000).

Given the strong demand demonstrated in the previous tranches, tranche seven will again be capped at one BMN1 per investor.

Tranche seven will be fungible with previous BMN1 tranches and will bring the total issuance of BMNs to almost €33.4 million (~ $39 million).

The Blockstream Mining NoteThe BMN provides qualifying investors exposure to bitcoin mining through a security token issued on the Liquid Network.

We are proud to announce our sponsorship of Minimint, a project in development that brings the technology of blinded federated mints (Chaumian banks) to Bitcoin.

Federated mints are a natural complement to existing scaling solutions like the Lightning Network and the Liquid sidechain.

Federated Mints 101A federated mint comprises independent members who create a multisig wallet and participate in a blind, distributed custodianship.

For a more in-depth review of the technicals behind federated mints and how they work, please see our Engineering Blog entry.

With the integration of Lightning into federated mints, users have access to a trust-minimized and privacy-conscious wallet solution righ…

We are excited to announce the successful completion of tranche six of the Blockstream Mining Notes.

Tranche six was the largest tranche issued to date at €13.9 million ($16.1 million) and drew interest from a wide range of individual and institutional investors.

The completion of tranche six brings the total number of BMN1 issued to more than 122, the total number of investors to just shy of 70, and the total raised to €30.9 million (~ $36 million).

The Blockstream Mining NoteThe BMN provides qualifying investors exposure to Bitcoin mining through a security token issued on the Liquid Network.

The Bitfinex tranche and listing are moving along and we look forward to executing this tranc…

Tranche six will be available to investors on STOKR, Wednesday, October 20, 2021 (10:00 AM CET).

Investors that hold <= 1 BMN can participate in this tranche if their investment in tranche six will bring their total position to >= 1 BMN.

The Blockstream Mining NoteThe BMN provides qualifying investors exposure to Bitcoin mining through a security token issued on the Liquid Network.

The Bitfinex tranche and listing are proceeding on schedule and we look forward to executing this tranche in the coming weeks.

Get Familiar with the Sixth Tranche on STOKRThe BMN is available to non-US, qualifying investors.

We are very excited to share that Specter Desktop and Specter DIY Hardware Wallet users can now transact on the Liquid Network for faster settlement times, lower fees, and more confidential bitcoin.

Specter’s desktop and hardware wallet solutions also support singlesig wallets on Blockstream Jade with multisig planned at a later release, along with more features.

Specter Desktop and Multisig Use CasesSpecter Desktop is popular among everyday Bitcoiners for its simple, easy-to-navigate interface and wallet capabilities.

Optimize Protection with Air-GappingWhen using Blockstream Jade or the Specter DIY hardware wallet on Specter Desktop, users can scan addresses via QR code while never conn…

Fifth Tranche of the Blockstream Mining Note Available from Monday, Oct. 18Tranche five will be available to investors on STOKR, Monday, October 18, 2021 (10.00 AM CET).

Investors that hold <= 1 BMN can participate in this tranche if their investment in tranche five will bring their total position to >= 1 BMN.

The Blockstream Mining NoteThe BMN provides qualifying investors exposure to Bitcoin mining through a security token issued on the Liquid Network.

The Bitfinex tranche and listing are proceeding on schedule and we look forward to executing this tranche in the coming weeks.

Get Familiar with the Fifth Tranche on STOKRThe BMN is available to non-US, qualifying investors.

RaspiBlitz, the most popular DIY Lightning node package, has integrated c-lightning, our lightweight, modular Lightning implementation, with its v1.7.1 update.

Due to c-lightning’s low operational costs, users can run many Lightning nodes on the RaspiBlitz hardware, including concurrently with the LND implementation.

With c-lightning, users also get a more privacy-optimized, customizable software program that provides them with a diverse toolkit to run their node as they so choose.

Dual-funded channels: c-lightning is also the first Lightning implementation to allow opening channels with funds from both parties, reducing the cost of deploying capital into the Lightning Network and helping…

An API to issue and manage digital assets on the Liquid Network.

Today, the Liquid Network is building new bridges between the traditional finance world of regulated securities and the blockchain technology pioneered by Bitcoin.

Purpose-Built for Asset IssuanceThe Liquid Network expands the range of options available to financial institutions and businesses, helping form the infrastructure needed for a robust digital securities platform.

Assets can then be registered with a name, ticker, and icon for display in apps integrated with the Liquid Asset Directory.

If your business already has an issuance platform, you can seamlessly integrate AMP by obtaining an API access token and following th…

Blockstream is proud to announce that the fourth tranche of the Blockstream Mining Note Series 1 (BMN1) will be available to investors on STOKR, Wednesday, October 6th, 2021 (10.00 AM CET).

Given the strong demand demonstrated in tranche three and our commitment to broadening access to Bitcoin mining, tranche four will be capped at one BMN1 per investor.

The Blockstream Mining NoteThe BMN provides qualifying investors exposure to Bitcoin mining through a security token issued on the Liquid Network.

The Bitfinex tranche and listing are proceeding on schedule and we look forward to executing this tranche in the coming weeks.

Get Familiar With The Fourth Tranche on STOKRThe BMN is available to…

An API to issue and manage digital assets on the Liquid Network.

The engineering team at Blockstream has been hard at work preparing for the Liquid Network’s protocol upgrade, Dynamic Federations (DynaFed).

The hard fork allows for DynaFed to be proposed in blocks and lays the groundwork for its deployment in the near future.

Leverage the Liquid NetworkWhile the Liquid Network is formally operated by functionaries and members, anyone can participate in the network with a full Liquid node.

For Bitcoiners interested in the Liquid Network and wanting to learn more about its benefits, we recommend joining the Liquid Telegram or visiting the official website.

Third Tranche Of The Blockstream Mining Note Available FridayBlockstream is proud to announce that the third tranche of the Blockstream Mining Note (BMN) will be available to investors on STOKR, Friday, September 17th, 2021 (CET).

Tranche three will total €4.7M (~ $5.5M USD) and each BMN will be offered at €240,000 (~ $280,000 USD).

The Blockstream Mining NoteThe BMN provides qualifying investors exposure to Bitcoin mining through a security token issued on the Liquid Network.

Investors will also be able to trade at a lower denomination on the Bitfinex Securities platform, ensuring a more efficient price discovery process.

Get Familiar With The Third Tranche on STOKRThe BMN is available…

Using Bitcoin’s scripting abilities, funds stored in Blockstream Green wallets can be secured by the 2-of-2 signature requirement and also automatically revert to only needing a signature from the user to spend after a predetermined amount of time.

Our Multisig Shield is only available in Blockstream Green, and wallets created using it cannot be imported into other wallet apps.

A much requested feature for Blockstream Green has been the ability to create singlesig wallets, and today we’re excited to announce support for this feature.

Singlesig wallets created with Blockstream Green are highly portable and bring much stronger guarantees for recoverability.

More Features Coming SoonAfter …

● Mailing list discussion: Peter Todd posted several concerns with the proposal, including that it doesn’t benefit nearly all Bitcoin users (as he claims previous feature-adding soft forks have done), that it may create new denial-of-service vectors, and that many of the proposed usecases for CTV are underspecified and (perhaps) too complicated to actually see widespread deployment.

CTV author Jeremy Rubin referenced updated code and improved documentation that may address the concerns about DoS attacks.

He also pointed to at least two wallets, one of them widely used, which plan to use at least one of the features CTV will provide.

As of this writing, it’s unclear whether Rubin’s reply has…

● Fee accounts: Jeremy Rubin posted to the Bitcoin-Dev mailing list the rough idea for a soft fork that could make it easier to add fees to presigned transactions, such as those used in LN and other contract protocols.

The idea is an outgrowth of his transaction sponsorship idea described in Newsletter #116.

The basic idea for fee accounts is that users could create transactions that deposited bitcoins into an account tracked by upgraded full nodes that understood the new consensus rules.

When the user subsequently wanted to add fees to a transaction, they would sign a short message containing the amount they wanted to pay plus the txid of that transaction.

Upgraded full nodes would allow a…

● Brief full RBF, then opt-in RBF: Jeremy Rubin replied to an older Bitcoin-Dev mailing list thread described in Newsletter #154 about enabling full replace by fee (RBF) in Bitcoin Core.

Currently, any transaction that signals according to BIP125 can be replaced by a higher-feerate alternative (with some restrictions).

Rubin’s alternative still encourages moving to full RBF, but suggests starting by allowing full RBF of any transaction for n seconds after it is first received by a node.

After n seconds, the BIP125 opt-in flag is honored the same as now.

This can allow merchants to accept unconfirmed transactions like they do now after those n seconds have elapsed.

This special edition of the Optech Newsletter summarizes notable developments in Bitcoin during all of 2021.

Later in the year, a Bitcoin Wiki page was updated to track adoption of bech32m addresses by wallets and services.

Onion messages allow an LN node to send a message to another node in a way that minimizes overhead compared to HTLC-based message sending.

MayA discrepancy between the specification of BIP125 transaction replacement and the implementation in Bitcoin Core was disclosed in May.

Altogether, Optech published over 80,000 words about Bitcoin software research and development this year, the rough equivalent of a 250-page book.

● Adding a special exception for certain uneconomical outputs: since our description in Newsletter #162, Jeremy Rubin has renewed discussion on the Bitcoin-Dev mailing list about allowing transactions to create outputs with values below the dust limit.

The dust limit is a transaction relay policy that nodes use to discourage users from creating UTXOs that don’t make economic sense to spend.

UTXOs need to be stored by at least some full nodes until spent, and in some cases be able to be retrieved quickly, so allowing uneconomical outputs may create problems for no good reason.

Ruben Somsen also provided an example of how zero-fee outputs would be useful for spacechains (a type of one-way peg…

● Fee bumping research: Antoine Poinsot posted to the Bitcoin-Dev mailing list a detailed description of several concerns developers need to consider when choosing how to fee-bump presigned transactions used in vaults and contract protocols such as LN.

In particular, Poinsot looked at schemes for multiparty protocols with more than two participants, for which the current CPFP carve out transaction relay policy doesn’t work, requiring them to use transaction replacement mechanisms that may be vulnerable to transaction pinning.

Also included in his post is the result of research into some of the ideas described earlier.

Ensuring that fee bumping works reliably is a requirement for the safety …

LND users are encouraged to upgrade to a bug fix release, 0.14.1 (described in the Releases and release candidates section below).

A related discussion was started on the Lightning-Dev mailing list about improving interoperability testing.

Christian Decker, who previously created and maintained the LN integration testing framework, said that he believes basic interoperability testing is “unlikely to catch any but the most egregious issues”.

For anyone interested in participating in such testing, the Optech newsletter lists RCs from four major LN implementations, plus various other Bitcoin software.

The LND version under discussion was listed as an RC in Newsletters #174 and #175.

This week’s newsletter links to a discussion about how to allow LN users to choose between higher fees and higher payment reliability.

Also included are our regular sections with popular questions and answers from the Bitcoin Stack Exchange, announcements of new releases and release candidates, and summaries of notable changes to popular Bitcoin infrastructure software.

Selected Q&A from Bitcoin Stack ExchangeBitcoin Stack Exchange is one of the first places Optech contributors look for answers to their questions—or when we have a few spare moments to help curious or confused users.

New releases and release candidates for popular Bitcoin infrastructure projects.

Notable code and documentati…

● Taproot activated: as expected, the taproot soft fork activated at block height 709,632.

As of this writing, several large mining pools are not mining blocks containing taproot spends.

This may indicate that they were falsely signaling readiness to enforce taproot’s rules, a risk we previously warned about.

Alternatively, they may be risklessly using a taproot-enforcing node to choose which block chain to use while also using an older node or custom software to choose which transactions to include in their blocks.

The safest course of action for users and businesses is to run their own taproot-enforcing node (such as Bitcoin Core 22.0) and only accept transactions confirmed by it.

Bitcoin Core PR Review ClubIn this monthly section, we summarize a recent Bitcoin Core PR Review Club meeting, highlighting some of the important questions and answers.

GitHub pull requestsThe main implementation of taproot in Bitcoin Core was submitted for review starting in January 2020 in two pull requests.

This doesn’t count several other related PRs to Bitcoin Core as well as the work of implementing taproot in other software, including schnorr support in libsecp256k1 (used by Bitcoin Core) or alternative node software.

Taproot activation discussionAs the taproot implementation was merged into Bitcoin Core, it fell on the community to decide how it would be activated.

Notable code and …

Weak blocks occur more often than PoW-valid blocks and so provide more recent information about what transactions miners are currently working on.

One block later, nodes running Bitcoin Core 0.21.1, 22.0, or related releases will be enforcing the additional taproot rules not enforced by earlier software releases.

If a miner did that, they would lose at least 6.25 BTC (about $400,000 USD at the time of writing) if the economic consensus of Bitcoin node operators rejects the taproot-invalid blocks.

It should be possible to monitor for it using services such as ForkMonitor.info or using the getchaintips RPC in Bitcoin Core.

Notable code and documentation changesNotable changes this week in Bit…

This will save about 16 vbytes per keypath spend after the first input, providing significant savings for consolidation and coinjoins.

● SIGHASH_ANYPREVOUT: every normal Bitcoin transaction includes one or more inputs, and each of those inputs references the output of a previous transaction, using its txid.

The signature, the script, and whatever data was needed to satisfy the script would be provided in the spending transaction.

It can support signer delegation from anyone able to satisfy any of the entroot branches, not just those able to create a top-level keypath spend.

Notable code and documentation changesNotable changes this week in Bitcoin Core, C-Lightning, Eclair, LND, Rust-Lightn…

● Paying offline LN nodes: Matt Corallo started a thread on the Lightning-Dev mailing list for brainstorming how frequently-offline LN nodes (such as those on mobile devices) can receive payments without requiring a custodial solution or locking up channel liquidity for prolonged periods of time.

Currently, LN nodes can send guaranteed-to-fail payments in order to probe a payment path.

Since Zed doesn’t know the payment preimage, he’s forced to reject the payment even though it indicates he’s supposed to be the ultimate receiver.

A secondary disadvantage is that this type of payment path probing can sometimes result in unnecessary unilateral channel closures and their resulting onchain fees…

News● LN spend to fees CVE: last week, Antoine Riard posted the announcement of CVEs for multiple programs to the Lightning-Dev mailing list.

➚In BIP125 Rule #2, why is it important for the replacement transaction to not introduce any new unconfirmed inputs?

This logic catches the case where the replacement transaction is spending a transaction that it is replacing.

Since it’s impossible for both the original transaction and the replacement transaction to be confirmed, this replacement transaction can never appear in the block chain, and so is consensus invalid.

Notable code and documentation changesNotable changes this week in Bitcoin Core, C-Lightning, Eclair, LND, Rust-Lightning, libsecp…

PCV, veTokens, DeFi 2.0, rebate tokens - what does it all mean?

Unless you’re still a degen who jumps into these highly speculative new protocols, you are probably falling behind the cutting edge of this industry (but it’s not something to feel bad about).

Have a great week everyone!

- AnthonyProject UpdatesEthereumLayer 2/Scaling/BridgingDeFiInfrastructure/Wallets/General ToolingNFTsMiscInteresting TweetsEcosystem BitsBlog PostsPodcastsMiscMeme of the WeekLooking for Work?

Top jobs listed on Cryptocurrency Jobs this week:

Personally, I don’t think this is going to happen and I believe the recent sell-off is mostly macroeconomic driven (something that I’m certainly no expert in).

Of course, that isn’t investment advice, but you need only pay attention to see why it’s impossible to be bearish on Ethereum and ETH.

Have a great week everyone!

- AnthonyProject UpdatesEthereumLayer 2/Scaling/BridgingDeFiInfrastructure/Wallets/General ToolingNFTsMiscInteresting TweetsEcosystem BitsBlog PostsPodcastsMiscMeme of the WeekLooking for Work?

Top jobs listed on Cryptocurrency Jobs this week:

Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)✨ New Year, New EthHub WeeklyHappy New Year everyone and welcome back to the EthHub newsletter (the last one went out a few weeks ago)!

Eric and I will be back for the weekly podcast from next week!

A couple of weeks ago I was on a Bankless panel with DCInvestor, Cyrus Younessi, David Hoffman and Ryan Sean Adams discussing the bull case for ETH (part 3!)

Finally, the Ethereum.org team is looking for a Product Designer - if that’s something you’re interested in doing then head here to check out the role.

Top jobs listed on Cryptocurrency Jobs this week:

- AnthonyNews of the WeekSocial network Reddit is expanding its Community Points beta, allowing any subreddit to request the ability to create its own token.

On Wednesday, Reddit released a waitlist for subreddits that wish to do so and has provided more information about Community Points on its website.

Community Points can be handed out as rewards for users who are active in the community.

Each subreddit can have its own Community Points, with a custom name, token and symbol.

This week, they announced a $6.4 million raise with participation from Framework Ventures, Coinbase Ventures, DeFi Alliance and more.

There’s been over 8 million ETH staked, over 250,000 validators spun up, the Altair network upgrade went live and work on The Merge is progressing swimmingly.

- AnthonyNews of the WeekSecurities and Exchange Commission chairman Gary Gensler is keeping mum on new guidance for crypto tokens.

Lots of updates from the Sigma Prime team including post-merge consensus sync research, post-merge MEV and more.

Single sided staking for wBTC, wETH, LINK call and and DAI put pools are now available on Premia on Arbitrum.

The $175 million Series B round was led by Amber Group with participation from a bunch of other investors.

Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)🔥 1 Million ETHWe did it - the Ethereum network burned 1 million ETH in 110 days - an absolutely amazing milestone worth billions of dollars.

Though in saying that, it’s funny how EIP-1559 just exists and does its job to little fanfare besides these burn milestones - exactly how a protocol upgrade should function!

The multinational will also hire up to 100 roles to built out its ICG digital asset division.

Project UpdatesUpdates on the latest merge efforts with Kintsugi and a reminder to upgrade your eth1 nodes for the Arrow Glacier network upgrade.

Pika Protocol is the first perpetual swap exchange live on the Optimistic Ethe…

Crypto.com has agreed to pay AEG $700 million for the naming rights, a source with knowledge of the deal told The Block.

Project UpdatesThe Ethereum Foundation is allocating 1 million USD in grant funding to organizations that educate governments and policymakers about Ethereum and blockchain technology.

The PSP token is the native governance token of ParaSwap - a decentralized exchange aggregator.

The round was led by Collab+Currency, alongside Distributed Global, Lattice Capital, Palm Tree Crew (Kygo), Galaxy Interactive, FlamingoDAO, Scalar Capital, and The LAO.

The round was led by Polychain Capital with participation from Galaxy Digital, Social Capital, ParaFi Capital and others.

Rinearson also took to Twitter to reveal plans for what the crypto team will focus on in the near future.

Farther down the road, Rinearson hinted that her team will look to crypto tech to augment identity, community and ownership on Twitter.

The U.S. Securities and Exchange Commission has rejected a proposed effort to list a spot bitcoin exchange-traded fund.

The agency, which regulates securities markets in the U.S., had previously punted its final determination on VanEck's proposed fund.

Pools can now be created on Uniswap v3 using the new 0.01% fee tier - perfect for stablecoin pools.

With support added for numerous DeFi protocols, you can now also track your LP position across major DEXes using DeFi Saver, including Uniswap v2 and v3, SushiSwap, Curve, and Balancer.

In addition, Mu said the number of corporate e-CNY wallets has nearly tripled to 10 million from 3.5 million four months ago.

These NFTs will be made using Secret Network and put live on the Ethereum blockchain.

Arrow Glacier is the 3rd network upgrade planned for the proof of work chain of the Ethereum Network in 2021.

Warp now supports composability (contract to contract calls).

News of the WeekFacebook CEO Mark Zuckerberg announced Thursday at his company’s Connect event that its new name will be Meta.

And together, we can unlock a massively bigger creator economy.”“To reflect who we are and what we hope to build,” he added.

The body has also conducted reviews of the implementation process in jurisdictions and absorbed industry feedback on its proposed standards.

Highlights include an improved testing framework, improved compilation time and syntax for short strings.

Updates include multi hop swaps, a complete new UI, an improved deposit & withdrawal process and more.

Claims are automatically validated within the Solace network and payout in a single transaction.

🥩 Altair WeekThe first network upgrade for the eth2 Beacon Chain, Altair, is scheduled to go live this week on October 27th at 10:56:23am UTC - more details in this post.

The Series A round was led by Polychain Capital and includes previous investors Andreessen Horowitz, Placeholder, A_Capital, and Scalar Capital.

The round was led by Multicoin Capital, Mechanism Capital & Defiance Capital with participation from others.

The pre-seed round was led by Acrylic, accompanied by Genblock Capital, and Caballeros Capital with participation from various angels.

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BROUGHT TO YOU BYIssue #122Paper of the Week:Paper Title: Decentralized Exchanges.

Paper Title: Aurora: a probabilistic algorithm for distributed ledgers enabling trustless synchronization and transaction inclusion verification.

Paper Title: Non-fungible token (NFT) markets on the Ethereum blockchain: Temporal development, cointegration and interrelations.

Authors: Lennart Ante*,Affiliations: * Blockchain Research Lab.

Research Talks:Upcoming Events:Jobs:Thanks to our sponsorThe Protocol Labs Research team is pretty enthusiastic about making knowledge free and accessible.

Paper Title: Zero-Knowledge Middleboxes.

Paper Title: Sharding-Based Proof-of-Stake Blockchain Protocols: Security Analysis.

Paper Title: Property rights in the Crypto age: NFTs and the auctioning of limited edition artwork.

Research Talks:Upcoming Events:Jobs:Thanks to our sponsorThe Protocol Labs Research team is pretty enthusiastic about making knowledge free and accessible.

If you want to see some presentations on recent research, they have a public Research Seminar Series.

Paper Title: Estimating the Node Degree of Public Peers and Detecting Sybil Peers Based on Address Messages in the Bitcoin P2P Network.

Summary: The behavior of the spamming peers can be used to determine the number of neighbors of public peers and to find Sybil peers (peers that have multiple addresses).

Paper Title: Smart Contracts, Real-Virtual World Convergence and Economic Implications.

Research Talks:Upcoming Events:Jobs:Thanks to our sponsorThe Protocol Labs Research team is pretty enthusiastic about making knowledge free and accessible.

If you want to see some presentations on recent research, they have a public Research Seminar Series.

BROUGHT TO YOU BYIssue #119Paper of the Week:Paper Title: Kadcast-NG: A Structured Broadcast Protocol for Blockchain Networks.

In such networks, broadcast is known to be an inefficient operation in terms of message complexity and overhead.

In contrast, the Kadcast protocol is a structured peer-to-peer protocol for block and transaction propagation in blockchain networks.

Lastly, it introduces a QUIC-based prototype implementation of the Kadcast protocol and shows its merits through deployment in a large-scale cloud-based testbed.

Paper Title: MiCA and DeFi ('Proposal for a Regulation on Market in Crypto-Assets' and 'Decentralised Finance').

Paper Title: Improving Blockchain Consistency by Assigning Weights to Random Blocks.

Authors: Nicholas Franzese*, Jonathan Katz†, Steve Lu‡, Rafail Ostrovsky§, Xiao Wang*, and Chenkai Weng*,Affiliations: * Northwestern University, † University of Maryland, ‡ Stealth Software Technologies, Inc., and § UCLA.

Paper Title: Shorter and Faster Post-Quantum Designated-Verifier zkSNARKs from Lattices.

Research Talks:Upcoming Events:Jobs:Thanks to our sponsorThe Protocol Labs Research team is pretty enthusiastic about making knowledge free and accessible.

If you want to see some presentations on recent research, they have a public Research Seminar Series.

TLDR: Blockchain analysis is essential for understanding how cryptocurrencies like Bitcoin are used in practice, and address clustering is a cornerstone of blockchain analysis.

First, it builds a ground truth set of transactions with known change from the Bitcoin blockchain that can be used to validate the efficacy of individual change address detection heuristics.

After applying the proposed prediction model to the Bitcoin blockchain, it analyzes the resulting clustering and develops ways to detect and prevent cluster collapse.

Authors: Sanket Kanjalkar*, Ye Zhang†, Shreyas Gandlur‡, and Andrew Miller§,Affiliations: * Blockstream Research, † New York University, ‡ Princeton University, and…

BROUGHT TO YOU BYIssue #116Paper of the Week:Paper Title: Stochastic Modelling of BlockchainConsensus.

Paper Title: A First Look into the Structural Properties and Resilience of Blockchain Overlays.

Paper Title: Stochastic Performance Modeling for Practical Byzantine Fault Tolerance Consensus in Blockchain.

Paper Title: High-Frequency Connectedness between Bitcoin and Other Top-Traded Crypto Assets during the COVID-19 Crisis.

Research Talks:Upcoming Events:Jobs:Thanks to our sponsorThe Protocol Labs Research team is pretty enthusiastic about making knowledge free and accessible.

BROUGHT TO YOU BYIssue #115Paper of the Week:Paper Title: Blockchain Layer Zero: Characterizing the Bitcoin Network through Measurements, Models, and Simulations.

TLDR: In recent years, research has shown the networking layer’s significant influence on the scalability, security, and privacy of blockchain systems.

Summary: A model for the block verification time of Zcash based on transaction features and a benchmark of the Zcash client’s block verification process and its employed cryptographic primitives to support and evaluate the model.

Paper Title: JACK THE RIPPLER: Arbitrage on the Decentralized Exchange of the XRP Ledger.

Research Talks:Upcoming Events:Jobs:Thanks to our sponsorThe Pro…

BROUGHT TO YOU BYIssue #114Paper of the Week:Paper Title: Blockchain Oracle Design Patterns.

Hence, blockchain oracles are introduced to mitigate the issue and are defined as trusted third-party services that send and verify the external information (i.e., feedback) and submit it to smart contracts for triggering state changes in the blockchain.

This paper studies and analyzes blockchain oracles with regard to how they provide feedback to the blockchain and smart contracts.

Paper Title: STO vs. ICO: A Theory of Token Issues under Moral Hazard and Demand Uncertainty.

Research Talks:Upcoming Events:Jobs:Thanks to our sponsorThe Protocol Labs Research team is pretty enthusiastic about making k…

BROUGHT TO YOU BYIssue #113Paper of the Week:Paper Title: DeFi Protocol Risks: the Paradox of DeFi.

Paper Title: On the deployment of FlyClient as a velvet fork: chain-sewing attacks and countermeasures.

Paper Title: Don’t Count on One to Carry the Ball Scaling BFT without Sacrifing Efficiency.

Paper Title: Security Tokens.

Research Talks:Upcoming Events:Jobs:Thanks to our sponsorThe Protocol Labs Research team is pretty enthusiastic about making knowledge free and accessible.

Paper Title: Modeling Coordinated vs. P2P Mining: An Analysis of Inefficiency and Inequality in Proof-of-Work Blockchains.

Paper Title: PoDT: A Secure Multi-chains Consensus Scheme Against Diverse Miners Behaviors Attacks in Blockchain Networks.

Paper Title: The non-fungible token (NFT) market and its relationship with Bitcoin and Ethereum.

Paper Title: Blockchain, Privacy, and Artwork Registries: Consensus between Constraints.

Research Talks:Upcoming Events:Jobs:Thanks to our sponsorThe Protocol Labs Research team is pretty enthusiastic about making knowledge free and accessible.

BROUGHT TO YOU BYIssue #111Paper of the Week:Paper Title: GoAT: File Geolocation via Anchor Timestamping.

This work defines what it means for a PoGeoRet scheme to be complete and sound, in the process making important extensions to prior formalism.

Paper Title: Topological Anomaly Detection in Dynamic Multilayer Blockchain Networks.

Authors: Dorcas Ofori-Boateng*, Ignacio Segovia Dominguez†, Murat Kantarcioglu†, Cuneyt G. Akcora‡, and Yulia R. Gel†,Affiliations: * Portland State University, † University of Texas at Dallas, and ‡ University of Manitoba.

Paper Title: SoK: Privacy-Preserving Computing in the Blockchain Era.

BROUGHT TO YOU BYIssue #110Paper of the Week:Paper Title: A Permissionless Proof-of-Stake Blockchain with Best-Possible Unpredictability (or, How to Mimic Bitcoin via Proof-of-Stake).

Among other features, the design achieves the “best possible” unpredictability for permissionless proof-of-stake protocols.

Authors: Lei Fan*, Jonathan Katz†, Phuc Thai‡, and Hong-Sheng Zhou‡,Affiliations: * Shanghai Jiaotong University, † University of Maryland, and ‡ Virginia Commonwealth University.

Summary: A robust, secure, and scalable consensus protocol for a permissionless blockchain suitable for deployment in an adversarial environment such as the Internet.

Paper Title: Should Central Banks Use Distri…

BROUGHT TO YOU BYIssue #109Paper of the Week:Paper Title: Internet Computer Consensus.

The ICC protocols are leader-based protocols that assume partial synchrony, and that are fully integrated with a blockchain.

Paper Title: Mining in Logarithmic Space.

Authors: Felix Engelmann*, Lukas Müller†, Andreas Peter‡, Frank Kargl†, and Christoph Bösch†,Affiliations: * Aarhus University, † Ulm University, and ‡ University of Twente.

Paper Title: The Availability-Accountability Dilemma and its Resolution via Accountability Gadgets.

BROUGHT TO YOU BYIssue #108Paper of the Week:Paper Title: Securing Parallel-chain Protocols under Variable Mining Power.

TLDR: Several emerging proof-of-work (PoW) blockchain protocols rely on a “parallel-chain” architecture for scaling, where instead of a single chain, multiple chains are run in parallel and aggregated.

This paper considers the design of provably secure parallel-chain protocols which can adapt to such mining power variations.

Paper Title: Making Synchronous BFT Protocols Secure in the Presence of Mobile Sluggish Faults.

Paper Title: An economic theory of blockchain foundations.

The market value of the Olympus Treasury is currently ~$635m; assets are acquired via bonds.

While the data shows a drop in the last 30 days, this metric also captures the volatility of all assets in the Treasury (including tokens and stablecoins).

Olympus has also recently been migrating from OHM v1 to OHM v2, and during migration, bonds were disabled for about a week.

Despite the temporary disruptions, the 3-month delta of 43% shows excellent growth in the market value of treasury assets.

Rari Capital has merged with Fei Protocol to construct the Tribe DAO, a DeFi collective that aims to provide liquidity and financial freedom to the world.

Fei was the first DAO to launch a Fuse pool, as well as the first organization to enable liquidity incentives.

The FeiRari (Fei DAO Pool) is currently the second-largest Fuse pool with $238m supplied and $24m borrowed.

The Tribe DAO has recently approved the addition of D3-f and FEI3CRV, paving way for two more tokens to be rewarded with TRIBE.

After only one month of opening up access for users to create their own custom contracts, there has been 2,000+ ETH volume across 2,100+ collections.

Collections are custom contracts that allow users to create their own smart contract and mint NFTs to it - they are like folders that allow creators to organize their works.

For context on how quickly this feature is becoming a staple of the Ethereum ecosystem, this product has already enabled ~7% of all ERC-721 contracts ever created.

Bored Ape Yacht Club (BAYC) is a collection of 10k unique digital characters on Ethereum.

Many are used as PFPs, but membership also includes access to exclusive perks; its Discord has 100k+ members.

Total sales just surpassed $1b.

For reference, the BAYC market cap is still only about 40% of CryptoPunk’s.

Unique wallets reached ~6,090, with the average holder owning ~1.6; the most owned by a single wallet is 105.

Network CoverageThis week our contributor analysts cover Hop, Connext, Ren, and Fei Protocol.

① Hop📈 Hop Total Users Reach 35k+Hop Exchange is a cross-L2 bridging protocol.

Total Hop users recently grew to 35k+.

Dune Analytics — @storm④ Ren📈 Total Volume Transacted Via RenVM Surpasses $8.7BRen is an inter-blockchain liquidity protocol.

Total value minted across all integrated chains stands at $1.02B, -36% from its ATH in in late October.

Play-to-earn GameFi projects often require users to do a lot of transactions for them to live up to their potential and Cometh is no different.

This is why Cometh, a GameFi project originally released on Ethereum, very quickly switched to Polygon.

Tracking MUST, the game's native token, makes for a good indication of players' movement.

70% of MUST tokens were moved to Polygon within the first 4 months, with the current amount residing on Polygon representing 75% of the total token supply.

① Polygon📈 Polygon hits ATH revenues ($948K/week), 353k DAUEngagement - Polygon PoS userbase continues growth.

In $MATIC terms, revenues jumped 24% week/ week.

② OpenSea📈 OpenSea Polygon marketplace passes $200M volumeOpenSea is the leading platform for discovering and trading NFTs.

NiftyTable using Dune AnalyticsIn November, 94% of the sales on the OpenSea Polygon marketplace were for $100 or less.

NiftyTable on Dune Analytics③ QuickSwap📈 QuickSwap Sees ~$300m Spike in Daily VolumeQuickSwap is a fork of Uniswap built on Polygon.

① Magic Eden📈 Magic Eden daily transactions overtake OpenSeaMagic Eden is a leading NFT marketplace built on Solana.

While Magic Eden’s monthly users are half of OpenSea’s, daily transactions are 2-3x higher; Magic Eden users transact ~6 times per day, on average, versus ~2 times per day on OpenSea.

This month, the average transaction on Magic Eden was $96.50 versus $1,872 on OpenSea.

Dapp RadarBoth platforms charge similar fees: Magic Eden charges 2% on all transactions, and OpenSea charges 2.5%.

Dune Analytics - @mikecabsThe five most popular DApps by transaction amount for RabbitHole users are uniswap_v2, ethereumnameservice, zksync, tether, and zeroex.

Over 25% of RabbitHole users have never transacted on the Ethereum mainnet!

With the costs of gas prices and Quests focused on other networks, the number of wallets from their userset using Ethereum is dwindling.

Users getting onboarded now are far more willing to use Polygon and the ever rising transaction costs make it unrealistic to have future quests on the L1.

There are two distinct groups where sweeps happen: newly minted NFT collections and collections that undergo a price dip.

Dune Analytics - @anya004However, these particular floor sweeping transactions are in collections with high distributions, and therefore floor sweeping is not significant enough to affect it.

However, upside for sweep buyers is more limited compared to non-sweep buyers.

The profit for non-sweep buyers in the 75th percentile is more than double that of sweep buyers.

Sweep buyers have resold at a substantially lower rate, 4.5% to 26.5%.

The number of daily transactions that add to the DPI-WETH pool liquidity (minting) hovers around 200.

We can also see that the amount of DPI added per transaction is only ~0.8 per transaction.

This is in sharp contrast with the burn transactions where the average size of the DPI burn is ~ 7.

Dune Analytics — @ilemi② dYdX📈 dYdX daily volumes ~$3B -- largest DEX by VolumedYdX remains the top decentralized exchange by trading volume across the ecosystem.

Etherscan③ BarnBridge📈 SMART Alpha TVL Grows 10x in 10 weeksSMART Alpha has grown to $5M+ in TVL after 10 weeks.

The largest SMART Alpha pool at the moment is WETH-USD on Ethereum.

BarnBridge App④ DeFi Kingdoms📈 DeFi Kingdom's TVL Reaches $290 MillionSince its relatively quiet debut back in August, DeFi Kingdoms has seen an unprecedented rate of growth in the past month.

DeFi LlamaJEWEL, which is DeFi Kingdom's governance token and in-game currency, rose over 230% since the start of November.

The $PSP launch drew some ire from the increasingly hard to please crypto community.

The token was airdropped to 20,000 of their most active users across the multiple EVM chains they serve, excluding ~98% that had used Paraswap at one time or another.

The Paraswap team put a lot of effort into filtering out "sybil attacks" and/or traders who used the DEX aggregator primarily for a future airdrop.

As of Thursday afternoon EST, 89 million of the 150 million $PSP had been claimed.

The #1 Crypto Analytics NewsletterQuick LinksAbout the editor: Spencer Noon is co-founder of Variant Fund.

Joining MetricsDAOToday I am excited to announce that OurNetwork has joined MetricsDAO as a Genesis+ Member, with proof of this found directly on the Ethereum blockchain.

Hopefully we can 100x the number of crypto analysts and feature the best of the best on future OurNetwork issues!

— Spencer NoonNetwork Coverage: Web3This week our contributor analysts cover Web3: ENS, Hop Protocol, and Mirror.

① ENS👥 Joel John📈 Close to 60% of ENS Airdrop claimed👉 Community Discord 📌 Job Board 🔎 Dashboard57.6% of ENS tokens that were to be claimed through the airdrop have been claimed by a cumulative…

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Today we’re excited to announce that Multicoin Capital has co-led a $43M strategic investment in Metaplex alongside our friends at Jump Crypto, with participation from Solana Ventures, Alameda Research, Samsung Next, Sino Global Capital, Animoca, Cultur3 Capital, Blue Pool—in addition to 90 other supporters.

Metaplex is the dominant NFT standard for Solana, powering the vast majority of NFT activity.

Metaplex standards and tools have found a massive market, drawn in users, and started scaling — all before the first official fundraise.

NFT collections built over the Metaplex standard represent some of the most important creators, investors and entertainers in the world.

The events of the pas…

Today, I am excited to announce that Multicoin Capital has co-led a $4M seed round with Electric Capital in Solscan alongside our friends at Jump Capital, Sequoia Capital, Alameda Research, Solana Ventures, Signum Capital, and CoinGecko.

Source: SimilarwebIn only six short months, Solscan has become absolutely essential to everyone building out the Solana ecosystem.

Making Sense of Solana DeFiMulticoin Capital has been fortunate to invest in Solana on multiple occasions over the last few years.

Early Bitcoin block explorers were limited functionally: you can only send BTC from Address A to Address B.

Source: SimilarwebFrom Block Explorers to Block AnalyticsSolscan’s block explorer is just t…

Today I’m excited to announce that Multicoin Capital led a $30M round into the Render Network, to solve problem #4 enumerated above.

Render Network allows complex GPU based render jobs to be distributed and processed over a large, distributed peer-to-peer network.

The Render Network is optimized to run bounded (not open ended), highly-parallelizable tasks that don’t require synchronous network connections.

The most common workloads that meet those criteria are digital rendering and training models for machine learning.

The Render Network is live, and is powering some of the largest and highest profile rendering jobs in the world.

The 2021 Multicoin Summit was our biggest yet.

For those who couldn’t make it, we prepared the following videos below to help you experience the summit from afar.

I hope you enjoy the best conversations from the 2021 Multicoin Summit.

In this presentation, Tushar discusses the firm’s growth in the context of the tailwinds driving the industry.

THERE CAN BE NO GUARANTEE THAT ANY MULTICOIN INVESTMENT VEHICLE’S INVESTMENT OBJECTIVES WILL BE ACHIEVED, AND THE INVESTMENT RESULTS MAY VARY SUBSTANTIALLY FROM YEAR TO YEAR OR EVEN FROM MONTH TO MONTH.

However, we expect fixed-rate loans to become larger than variable rate loans as DeFi rails eventually power traditional financial markets.

For example, the variable borrow rate for USDC is 5.4% and the stable borrow rate is 11.9%.

The variable borrow rate for ETH is 0.25% and the stable borrow rate is 3.3%.

Unlike the borrow rate for a variable user, the borrow rate for stable borrowers in most market conditions will not fluctuate with new borrows, new deposits, new liquidations, etc.

She can, via interest rate perpetual contracts, go long the Aave interest rate for XYZ token such that she is protected in the event that her borrow rate increases and eats into the profitability of her tradi…

Prior to joining Multicoin, Greg was a partner in the Investment Management and FinTech practices at Chapman and Cutler LLP.

Greg represents Multicoin Capital as a board member at the Association For Digital Asset Markets (ADAM).

Multicoin Capital is proud to have joined their efforts and to contribute to the maturation of and advocacy for the ecosystem.

We are always on the lookout for exceptional talent across all fronts: investment team, finance, marketing, investor relations, and more.

If you or anyone you know is interested in joining one of the largest and most established investment firms in crypto, please get in touch!

This essay is a spiritual successor to On Value Capture at Layers 1 and 2.

In those essays, we explored potential value capture mechanisms for both Layer 1 (e.g.

As such, we’ve developed new frameworks in this post regarding a DeFi token’s ability to capture value.

Application Layer TokensIn On Value Capture at Layers 1 and 2, we argued that the only way a DeFi token can capture value is if it manages unforkable state.

SummaryThe best way to justify value capture for DeFi tokens is to have some sort of risk in the system that needs to be managed.

Today, I am excited to announce that Multicoin Capital has led a $17.4M round in Eden Network, alongside participation from Jump Capital, Alameda Research, Wintermute, GSR, Defiance Capital, and Andre Cronje, the founder of Yearn.Finance.

MEV can be defined as the sum of guaranteed on-chain profits that block producers can claim.

Eden Network protects users from malicious MEV and financializes beneficial MEV in a token.

However, this reduction in earnings for Ethereum block producers has reduced the security budget for Ethereum.

Many Ethereum block producers are looking to MEV to supplement their earnings post EIP 1559.

UXD is a new stablecoin that is 1) capital efficient, 2) decentralized, and 3) stable.

Solving For Funding RatesThe first challenge is the funding rate (note that UXD Protocol doesn’t need to manage an oracle at all; the underlying derivatives DEX manages this).

Because when the funding rates turn negative (i.e., the market is in backwardation), stablecoin holders would need to pay funding.

We could not be more excited to invest in UXD Protocol and work with them to create the world’s first stablecoin that is decentralized, capital efficient, and stable!

At the time of publication, Multicoin Capital holds positions UXD, MNGO, SOL and SBR.

Remixable, Composable AnalyticsThe traditional financial market data provider industry is a well-established sector: it generated $33B of revenue in 2019.

Many of the major crypto data providers share the same commonality: they are closed platforms.

The Future of Financial Reporting & Market-Driven InsightsWe believe that one of the most powerful applications of crypto is DeFi.

We believe the future of finance will be driven by transparent, real-time insights, and Dune is leading that movement.

If you’re interested in building this future, the Dune team is aggressively hiring.

And in most database applications, the ratio of reads to writes is between 100:1 and 10,000:1.

Scaling reads will be the next big scaling challenge for the blockchain industry.

Most database applications have a specific data structure, where the structure of the database is tailored to how the system is expected to query data out of the system.

The problem with scaling reads in a blockchain is that a blockchain—by definition—does not prescribe the transaction format.

This means that the largest query ecosystem with the largest value staked by indexers will be the most secure query system.

Multicoin Capital led Superfluid’s $9M series seed alongside Semantic Ventures, who led the pre-seed round, DeFiance Capital, Delphi Digital, MetaCartel Ventures, Fabric Ventures, The LAO, DeFi Alliance, Divergence Ventures, and MMC Ventures.

If someone has your credit card information (analogous to a public key), they can effectively charge at will.

Recently, Apple layered public key cryptography onto the legacy system via Apple Pay using the secure enclave in every iPhone.

However, public key cryptography on a blockchain creates a few new problems: key management and gas consumption.

Superfluid streams can build on other Superfluid streams—so that Bob can stream funds to Carol as he recei…

Predictability Is Power“I very frequently get the question: 'What's going to change in the next 10 years?'

However, there is not a single person or organization in the world that can answer this question today.

The Social Scalability Costs of FragmentationBeyond the lack of certainty outlined above, fragmenting applications across shards and roll ups creates explicit new social coordination costs that are not present in single-shard systems.

This will increase the amount of social coordination required in each protocol’s community, and slow down the rate of development.

Multicoin Capital abides by a “No Trade Policy” for the assets listed in this report for 3 days (“No Trade Period”) follow…

Building on the success of our first venture fund, we’re proud to announce that Multicoin Capital has raised a new $100M venture fund to back entrepreneurs building companies (equity), and protocols (tokens) in and around the crypto space.

Our single largest investment in our first venture fund was Helium, which represented almost 12% of the fund.

We helped seed or fund many of these projects early—The Graph, Solana, Torus, StarkWare, and others—out of our first venture fund.

We expect to deploy a significant amount into these areas out of Venture Fund II over the next few years.

We made several investments in some of the most strategic layers of the stack out of our first venture fund.

I have previously categorized ‘crypto’ – a catch-all for blockchain- and Web3-related innovation – as part of the Digital Revolution that started around the late 1960s to early 1970s with the invention of packet-switched networks, microprocessors, and other digital technologies that enabled the proliferation of personal computers and the Internet.

Throughout the text, I will be using ‘ICT’ as a shorthand for digital information and communications technology, and ‘ICT Revolution’ as a shorthand for the Digital Revolution.

From here on, quotation marks around the word ‘crypto’ will be omitted, while still referring not just to cryptography, but to all blockchain- and Web3-related innovation.

…

While scaling Ethereum has been a conversation since the protocol was born, the popularity of DeFi and NFTs has made it an urgent concern.

zkSync best preserves the properties that have made Ethereum successful thus far: decentralization, security, composability, capital efficiency, and instant withdrawals.

As a result, we believe zkSync paves the smoothest path to scaling DeFi, NFTs, and all other innovations happening on Ethereum.

In 2020, nearly all the applications Vitalik dreamed up in the Ethereum whitepaper were live on Ethereum, as were dozens more that couldn’t have been imagined when Ethereum was born.

As Vitalik pointed out in his post, a rollup-centric Ethereum roadmap, the Ethe…

It works by separating the principal from the interest of a given stake into two separate, tradable tokens: Principal Tokens and Interest Tokens.

The market might be interested in buying your 10,000 USDC principal tokens for 9,400 USDC, thus securing a fixed yield of 6%.

Principal tokens trading at a market discount function like zero-coupon bonds and unlock a whole new asset class in DeFi.

You can sell your principal tokens and hold onto your interest tokens, or you can sell your interest tokens and hold onto your principal tokens, accessing some of tomorrow’s yield today.

Higher or lower fixed yields on principal tokens provide certain kinds of information, as do higher or lower prices on…

[4]Thought leadership and recommendations from reputable individuals or organizations are a key source of normative guidance on DAO governance.

In addition to technical specialization in network operation, software development, and cybersecurity, other areas of DAO governance are also increasingly professionalized (e.g.

Professionalization of DAO governance encourages homogenization.

And given that DAOs are often set up to run radically new experiments, growing isomorphism in DAO governance is not a foregone conclusion, even though that is what the anecdotal evidence discussed above seems to support.

Varying degrees of isomorphism in DAO governance are simply a reflection of how different o…

Your partnership with us through an Unchained vault can be instrumental in assuring possession of your bitcoin is transferred successfully in the event of your passing.

Understanding inheritance: Title vs possessionThere are two sides to the inheritance equation: possession and title.

Conveniently, a multisig collaborative custody model like an Unchained vault already allows you to store one key with a trusted family member.

After your passing, Unchained will work hand-in-hand with your executor to distribute bitcoin from your Unchained vault.

Reach out to our concierge team today to get started with an Unchained vault.

You may want to dump those “cryptocurrencies” as fast as possible to accumulate more bitcoin, but you’re afraid of the large, up-front capital gains tax.

A charitable remainder trust (CRUT) may be a solution to your problem.

How CRUTs work with selling altcoinsTo take advantage of a CRUT with altcoins, you contribute your altcoins to a trust before selling.

Overview of CRUT tax benefitsThe tax benefits are huge:The sale of altcoin cryptocurrency is exempt from tax.

CRUTs for selling bitcoinSome people have also deployed CRUTs when liquidating bitcoin holdings for dollars in a lump sum, but this is beyond the scope of this article, and we would never recommend selling bitcoin as a strategy!

While there are no income limitations on converting a Traditional IRA to a Roth IRA, and no income limitations on any rollovers to a bitcoin Roth IRA like the Unchained IRA, there are income limitations on making annual contributions from personal funds to a Roth IRA.

This is where the backdoor contribution process comes in—it allows you to make annual contributions to a Roth IRA even if your income is over the Roth IRA income limit.

Open a Traditional IRA for freeTo make a backdoor Roth contribution each year, you’ll first need to open a Traditional IRA at a discount broker.

For your Unchained IRA, you’ll fill out an Unchained IRA transfer form and submit it to us.

Start contributing to a …

The FBAR is a tool used by the United States government to identify persons who may be using foreign financial accounts to circumvent United States law.

The FBAR is required because foreign financial institutions may not be subject to the same reporting requirements as domestic financial institutions.

Bitcoin held on US-based exchanges is not disclosable on an FBARAny bitcoin held on a US-based exchange would not be disclosable on an FBAR.

While exchanges like Kraken, Coinbase, and Gemini probably are “financial institutions” for FBAR purposes, FBAR disclosure wouldn’t apply because they’re based in the United States.

While there are no FBAR regulations addressing bitcoin exchanges, their c…

Any non-Roth funds from an IRA or employer plan can be rolled into a bitcoin Traditional IRA tax-free, and any Roth funds from a Roth IRA or employer plan can be rolled into a bitcoin Roth IRA tax-free.

Taxable event: Non-Roth funds rolled into a Roth IRAThere is a taxable event if non-Roth funds are rolled into a Roth IRA.

A SIMPLE IRA must have been in existence for at least two years before it can be rolled into a bitcoin IRA like the Unchained IRA (or any other type of IRA for that matter).

Rollovers where funds are transferred directly from one retirement account provider to another are direct rollovers exempt from this rule.

A partner for your bitcoin IRA journeyWhether your funds are…

In this article, we cover how and where to store your seed phrase backups in different bitcoin custody contexts.

With singlesig, you have one seed generated by one hardware or software wallet and one seed phrase backup; in this case, properly securing your seed phrase is everything!

Just like there are infinite ways to record your seed phrases physically, there are infinite places you could store your seed phrases.

Places not to store your seed phrase backupsMany places are poor candidates for storing your seed phrase backups:A drawer/cupboard/shelfIn a filing cabinetIn your bagAt your workplaceAll of these locations are especially poor choices for singlesig.

Make your seed phrases more dur…

At Unchained, we’re commonly asked by clients whether holding bitcoin in an IRA is “IRS-approved” and whether the IRS may “ban bitcoin IRAs in the future.” The short answer: Holding bitcoin in an IRA is not prohibited, and any changes to this would require an act of Congress.

This does not raise any issues for bitcoin IRAs.

As you can see, none of these provisions would ban bitcoin investments so long as the IRA does not enter into any bitcoin purchase, sale, or lending transactions with a related party and the IRA bitcoin is never used as collateral for any kind of loan.

IRAs must be custodialWhile bitcoin is clearly not a prohibited investment in an IRA, there remains a requirement under …

Seed phrase destructionAnother method of not backing up seed phrases, called a “seedless backup,” takes advantage of the redundancy of multisig, and involves holding several seeds on devices only and intentionally destroying their associated seed phrases.

Ideal methods to back up your seed phrasesPaper backupsThe most common way to backup seed phrases is a simple paper backup.

Always stamp or engrave your seed phrase yourselfWhatever you do, never choose a metal backup product that requires you in any way to reveal your seed phrase!

Depending on your situation, you may want to ensure no one can find your metal seed phrase backup and copy down your seed without you knowing.

But as we covered…

Replace or upgrade a bitcoin hardware walletReplacing or upgrading hardware wallets is simple, but there are two possible scenarios, and you need to follow the instructions for the correct one.

E.g., you hold the only copy of your seed phrase and just want to upgrade to a new hardware wallet.

Not compromised: Your hardware wallet is broken, dated, or buggyThe simplest hardware replacement scenario is if your seed and wallet haven’t been compromised, but you simply need to upgrade or replace the wallet.

Restore your seed phrase to a software or hardware walletQuickly recover your seed phrase to a hardware or software wallet.

If you don’t have another hardware wallet, you can restore your see…

It is these physical attacks that a secure element chip helps to prevent.

Fault attack protectionAn example of an attack strategy that the secure element protects against is the fault attack.

Tropic Square is the name of the new open-source secure element in development by SatoshiLabs (creator of the Trezor hardware wallets).

Should you choose a hardware wallet with a secure element?

As can be seen above, there are a range of trade-offs when choosing whether to select a hardware wallet with or without a secure element.

I want to make the definitive case that you must secure seed phrases physically to be truly secure and trust-minimized with bitcoin.

Unchained prioritizes eliminating ourselves as a single point of failure with seamless external recovery, encouraging clients to always secure their seed phrases offline.

That said, for 2020, many of our Ledger clients had to move seed phrases to a different manufacturer.

Always secure your seed phrasesMost major wallet and hardware wallet vendors strongly encourage protecting seed phrases, and for good reason.

Securing your seed phrases is crucial because it gets you closest to being truly sovereign over your wealth—as trust-minimized as possible.

What is a bitcoin seed phrase?

Typically, people know of a seed phrase (otherwise known as a seed backup, recovery phrase, seed words, mnemonic phrase, secret words, backup, or many other names) as the 12 or 24 words they write down as a backup when setting up a bitcoin hardware wallet.

More specifically, a seed phrase is a human-readable representation of a seed, which is really just a long string of random digits.

Seed phrases look like this:Where is my seed phrase?

Closing thoughts on seed phrasesOnce you understand the basics of bitcoin, seed phrases are pretty straightforward.

This upgrade will open the door to several benefits for bitcoin users, particularly those using bitcoin multisig.

Taproot offers to reduce the blockchain footprint of multisig transactions by combining their signatures, thus improving multisig users’ privacy and significantly lowering associated fees (multisig transactions tend to be more expensive than singlesig transactions).

The current state of Taproot multisig and how we’re moving forwardWhile multisignature support for Taproot has been well specified, there are no existing “multisig standards” for Taproot, per se.

BIP 342 does helpfully offer several suggestions for how multisig can be implemented via Taproot, which we’ve been using a…

On November 18th, the United States Tax Court issued an opinion, McNulty v Comm’r, 157 TC 10 (2021), which garnered a lot of internet discussion among those interested in bitcoin IRAs.

This fulfills the custodial requirements for IRAs since the IRA custodian holds title to the IRA’s only asset, the checkbook entity.

The recent McNulty opinion represents a drastic departure from most attorneys’ understanding of the legal principles underlying checkbook IRAs.

An Unchained IRA is not a checkbook IRAAn Unchained IRA differs very substantially from a checkbook IRA.

An Unchained IRA is significantly different on this point, as in an Unchained IRA, all bitcoin remain at all times in a designated m…

If you use bitcoin multisig, whether that be through Caravan, Sparrow, Electrum, or an Unchained vault, you should know about something called a multisig wallet configuration file.

Wallet configuration files are specific to multisig bitcoin wallets, so if you haven’t yet created an Unchained vault or a multisig wallet through another application, you probably don’t have one.

Where to find your wallet configuration fileYou should also know that wallet configuration files are not all identical—although they do tend to contain the same basic information.

What information does a bitcoin multisig wallet configuration file contain?

Master fingerprintMaster fingerprint is the least important conce…

Abstract: In this piece we attempt to calculate the total Ethereum supply and then check this figure by summing up the balances in each Ethereum account.

Our basic check of the Ethereum supply did yield a successful result, reasonably consistent with the known issuance formulas, which provides a degree of positive assurance over the Ethereum supply.

In the case of Bitcoin, calculating and then checking the total supply is reasonably easy and it can be done to a high degree of precision.

Calculating Ethereum’s SupplyThe first step in checking the supply is calculating the expected supply.

The total supply of Ethereum at height zero was therefore around 72 million ETH, or more precisely: 72,0…

The current gas limit is 30 million units, with a target of 15 million.

This was considered too large and therefore the proposal also includes a new limit, a calldata blocksize limit of 1MB.

This new 1MB limit is somewhat ironic, given years of fighting in Bitcoin, about Bitcoin’s old 1MB blocksize limit.

Ethereum blocks therefore have two limits, the gas limit and the calldata limit.

EIP-1559 introduces a block gas limit target and a base fee.

Surprisingly Bitcoin’s blockchain is still larger than Ethereum, however this is about to change and Ethereum is soon set to surpass Bitcoin with its rapid appreciation in blockchain size.

Bitcoin vs Ethereum Blockchain: OverviewBitcoin journalist and podcaster Peter McCormack recently tweeted a comparison between the storage required by a full Bitcoin node, compared to a full Ethereum node.

Ethereum is currently therefore generating far more data than Bitcoin, however Bitcoin still has more cumulative blockchain data, as the chart below shows.

Bitcoin vs Ethereum (Blockchain size (GB))Source: BitMEX ResearchIn both cases, for Bitcoin and Ethereum, the total blockchain size in the chart abo…

In addition, stop orders can either be Limit or Market orders (sometimes called stop limit and just stop orders respectively).

Stop cascades are much more likely to occur when there is limited liquidity to support sudden large orders, or stop triggers.

When set, the stop order will only trigger once the last price reaches its stop price, AND is also within 5% of the mark price.

Stop Order Activation BehaviourDepending on how stop orders are managed, there may be some latency between when the price reaches the stop price, and when the stop order itself is actually placed into the book.

Try placing a series of stop orders, and see how a single market order can cause a cascade of stop orders t…

Abstract: In this piece, BitMEX grantee Gleb Naumenko talks through approaches to mitigate channel jamming on the lightning network.

Channel jamming is an example of those attacks.

Mitigating channel jamming while maintaining the permissionless nature of the LN is not trivial.

What is Channel Jamming?

Types of Channel Jamming –There are two kinds of jamming:– amount jamming, per which an attacker locks a significant portion of the target channel capacity– slot jamming, per which an attacker locks forwarding capabilities of the target channel by exhausting the limit of in-flight payments (we explain this in more detail in “Baseline cost”)For more detailed information on channel jamming, plea…

Abstract: We examine the issue of the carbon footprint associated with Bitcoin mining.

In this piece we attempt to form a new methodology for estimating the carbon footprint of Bitcoin transactions, with a system which partly reflects some of the positive aspects around Bitcoin’s energy footprint.

Calculating the carbon cost of transaction feesAs discussed above we have already decided to focus on transaction fees.

Once we have this 7.4 kWh figure, we can then multiply across to estimate the carbon footprint of US$1 spent on Bitcoin transaction fees.

In addition to carbon offsetting, the EU for example has a carbon trading scheme, where entities can pay for the right to emit one tonne of ca…

Abstract: We examine the idea of outsourcing stake to third party validators in the Proof of Stake process, which potentially decouples the coin holders from the consensus agents.

TokenisationThe entities performing the outsourced staking as a service could also issue tokens to their clients, representing shares in the staking pool.

However, the staking pool tokens could still remain popular after ETH 2.0 launches, because the staking pool tokens would still have a faster redemption mechanism, making them appealing.

But also on-chain products with lower risk, such as a way to stake stETH and give up some of the yield in exchange for an extra layer of insurance.

ConclusionIn our view, large …

OverviewBack in May 2020 we gave an overview of the mechanics and the main processes in Ethereum’s proposed PoS system.

This is in contrast to other rewards, for instance attestor rewards, which decline per attestor as the total amount at stake increases.

The main issue here is understanding the philosophy of those that designed the PoS system, principally and evolutionary philosophy.

Most PoS advocates appear to have no ambition of finding a perfect PoS system that can be robust for decades, instead they seek a strong system that can be upgraded and refined.

Therefore the above PoS system should not be thought of as a final system design, it is only an experiment and it may change.

If we were forced to guess, we would say there could be one more financial boom and bust cycle left, before the ultimate inflationary endgame.

At some point we will need a system reset and the plumbing of the financial system will need to be re-engineered.

Of course, when the Fed does tighten the taps too far, which we think may happen, it is likely crypto assets may be hit hard.

The motivation for this appears to be that this is an interesting endeavour and perhaps it is subconsciously appealing as it will provide more power and control to the central bankers.

These somewhat odd tactics could fall on deaf ears, with respect to both the public and politicians and therefore central bankers m…

BitMEX Research is delighted to announce that as of 31 August 2021, we have become an active staker on the Ethereum Beacon chain (Eth 2.0).

Therefore BitMEX Research has become a staker.

We have noticed some in the Ethereum community complain about this and discuss the idea of lowering the minimum requirement.

With regards to staking, the choice for us was easy, we went with a large cloud services provider, this is easier than attempting to stake from a local device.

If the staker goes offline you begin to get penalties and this is not something that can be avoided with other options.

Downloading the reserve and liability data filesAs at 29 July 2021, BitMEX has published details of its Bitcoin reserves and liabilities at the snapshot point, as a one-off demonstration exercise.

The full reserve and liability files can be downloaded here:https://public.bitmex.com/?prefix=data/porl/Proof of ReservesA screenshot of the BitMEX reserves file is provided below.

Screenshot of the BitMEX Reserves FileSource: BitMEXThe database consists of around 300,000 UTXOs.

Currently BitMEX has not provided the necessary account details to its clients for them to conduct the process, however the BitMEX insurance fund account details are provided.

Working Demonstration of Proof of Liabilities …

Abstract: We examine the state of proof of assets and proof of liability schemes in the cryptocurrency space, systems whereby exchanges publish a list of user balances, which add up to the total exchange liability.

Proof of AssetsIn the cryptocurrency space, implementing a proof of assets system is simpler than a proof of liabilities system.

Proof of LiabilitiesIn contrast to a proof of assets, a proof of liabilities is a much more challenging concept.

For example the public can see all the account balances and if account balances do not change (for example dormant accounts) it may be possible to link the accounts together.

Leaf index The leaf index is a necessary field because it prevents …

Chapter 21 of the book The Blocksize War is published below.

However, after the drama and shenanigans of the blocksize war, one thing is clear: there is still hope that the claim is true.

This would then make Bitcoin Cash more profitable to mine, driving miners away from Bitcoin and towards Bitcoin Cash.

If the Bitcoin Cash price increased and more miners joined, the Bitcoin Cash difficulty would increase, thereby driving miners back to Bitcoin before the Bitcoin difficulty ever adjusted downwards.

In November 2018, just over one year since Bitcoin Cash had launched, there were tensions in the Bitcoin Cash community.

January 2031The Blocksize War – Chapter 20 – SegWit2xMost small blockers had been largely quiet when it came to their campaign against phase two of the NYA, hoping for phase one to occur successfully before engaging more aggressively.

On August 31, one of the mining pools which signed the agreement, F2Pool, announced its intention not to support SegWit2x.

On top of that, 99.94% of nodes & SPV clients will automatically follow that longest chain (segwit2x).

As the proposed consensus protocol Segwit2x project appears likely to activate, we have elected to designate the Segwit2x fork as B2X, for now.

So much for the idea of persuading the community to support SegWit2x; at this point, its propo…

Bitcoin Cash therefore lowered the difficulty requirement, which had another inadvertent benefit: it meant the Bitcoin Cash block headers were incompatible with Bitcoin, and therefore even Bitcoin light clients and mobile wallets would always know not to follow the Bitcoin Cash chain.

The impact of this was that the capacity of the Bitcoin Cash network oscillated in a volatile way, which proved to be a major weakness and impacted the reliability of Bitcoin Cash as a payment network.

The message in the Bitcoin Cash blocks was just marketing, and the owner of the organisation, Peter Ng, also had a mining farm he had allocated to Bitcoin Cash to help market his new venue.

However, Kraken, for …

YoutubeMp3Today, I’m sitting down with Anish Agnihotri, who is a research associate and colleague of mine at Paradigm.

Anish has a fascinating backstory from becoming an entrepreneur at a really young age to later going deep into skin trading.

We discuss how that skill transfers to NFT trading and how we see the market structure of both primary and secondary markets for NFTs.

Finally, Anish shares some actionable advice on how he learns and how to build projects in crypto.

This was a deep and fascinating conversation and I hope you’ll enjoy it.

The Defi bull market, started by COMP liquidity mining in Summer 2020, has turned many Defi protocols into rapidly growing revenue monsters.

Native tokens are not assetsWhile Defi tokens are not considered equity in the legal sense, we can still learn from how traditional companies account for their shares.

We hope you see the connection to native tokens in DAO treasuries: these are the crypto-equivalent of authorized but unissued shares.

Real Defi treasuriesIgnoring authorized but unissued shares allows us to get a different, much more accurate picture of Defi treasuries.

MKR token price through this period averaged around $500.

We will take a look at how professional arbitrageurs expand and contract the supply of a stablecoin based on the current demand of the market, how Dai’s model is different and why the lack of a professional arbitrage model makes Dai fundamentally unscalable.

For our latest episode, I sat down with MEV Senpai, one of the top searchers in Ethereum.

He gave us the unique inside perspective of someone who finds and captures MEV himself.

The result was a long & intense convo, one of the best I’ve had in a while.

We discussed:The structure and actors of the MEV gameWhat is searching, how can you learn it, what edges existIntro to private relays and transaction bundlesThe role of Flashbots in DEX tradingand, of course, the hot topic of the day: short-term reorgs in EthereumEnjoy!

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After a tumultuous month in crypto, Su and I discuss the state of the market and what we see on the horizon.

Listen to conversations between Su Zhu, the CEO and CIO of Three Arrows Capital, and Hasu, an experienced crypto researcher and writer.

Together with occasional guests, we explore the transformative nature of trust-minimized currency and financial services.

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I went on the Unhashed Podcast to discuss the findings from our recent paper on Bitcoin’s security model.

If you are looking for a less formal entry point to the topic of Bitcoin’s security, or have already read the paper and want to hear more, this show is for you.

First, you no longer publish a fee-paying transaction to the public mempool.

Instead, you sign a transaction and submit it off-chain to the CowSwap relayer, which handles all the execution.

Second, and this gets us to real innovation, CowSwap looks for so-called “coincidents of wants” or CoWs before sending your order to the regular on-chain exchanges.

Because there’s no point in reordering trades that have the same price, this also eliminates MEV as well.

Please enjoy my conversation on CowSwap with Felix Leupold.

Su is sitting out today, and I instead welcome Charlie Noyes and Georgios Konstantopoulos of Paradigm, one of the largest investment funds in crypto.

So like, that’s a pretty that’s that’s a that’s a very interesting situation.

Charlie Noyes 36:54I think that’s true.

I think that’s probably more of a general comment about non application specific security layers.

And I don’t want you to, I don’t want you to comment on the price, because I know that’s not really possible.

Hasu: I don’t actually don’t think that’s it, but you’re very good at the self-deprecating humor, I must say.

But I just don’t think that’s an investment argument.

If I’m going to do the funny money, if I’m going to do the weird internet money, I need more than a three X.” And then they start looking down CoinMarketCap, or CoinGecko or whatever.

Cobie: Honestly, I don’t think it was a very high quality rambling as you’ve just witnessed in this follow-up ramble.

If I’m going to make some closing remarks, since I’ve got the opportunity to record my own closing of the podcast.

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