Show notes
This week the Layer1 crew discusses BTC making a splash on Billions, MakerDAO voting in wrappedBTC, Incognito brining private txs to Ethereum, Block.One wins patent, and Ripple paying Moneygram millions.
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Ripple paid $16.6 million in XRP incentives to MoneyGram in Q1 2020
https://www.theblockcrypto.com/post/63855/ripple-paid-16-6-million-in-xrp-incentives-to-moneygram-in-q1-2020
Iran Ditches the Rial Amid Hyperinflation as LocalBitcoins Seem to Trade Near $35K
https://cointelegraph.com/news/iran-ditches-the-rial-amid-hyperinflation-as-localbitcoins-seem-to-trade-near-35k
Quick News
Ethereum DEX trading volumes are rising rapidly in 2020
https://decrypt.co/27556/ethereum-dex-trading-volumes-are-rising-rapidly-in-2020
Binance new "Smart Chain" to have 21 BPs in a DPoS setup
https://insidebitcoins.com/news/binance-smart-chain-receives-flak-due-to-centralization/258688
More than 77% of total ETH not locked in smart contracts hasn't moved in six months -- accumulation!
https://www.theblockcrypto.com/linked/63639/new-market-analysis-shows-that-77-of-all-circulating-eth-hasnt-moved-in-at-least-six-months?utm_source=newsletters&utm_medium=blockchainbites&utm_campaign=&clid=00Q1I00000LxCyFUAV
Miners are mining very quickly in anticipation of the halving drop in BTC block rewards
https://www.coindesk.com/bitcoin-miners-usually-create-6-blocks-per-hour-they-just-banged-out-16
Cardano releases new Daedalus node and moves closer to PoS transition - staking soon, smart contract functionality later
https://messari.io/article/cardano-releases-new-version-daedalus-node-taking-another-step-closer-to-mainnet-staking
Square dev finds Bitcoin Lightning Network exploit - enables for no refunds; other privacy issues
https://decrypt.co/27346/square-developer-finds-bitcoin-lightning-exploit
Keep Network launches mainnet - private computation on ETH + tBTC launch. Can earn KEEP and fees by bonding ETH before launch - starts June 8th
https://messari.io/article/keep-network-initiates-its-launch-sequence
Telegram moves launch to 2021 and says they'll return 72% of invested funds ($1.2bln) to investors; and judge gives preliminary approval for $25m Tezos lawsuit to settle
https://messari.io/article/facing-regulatory-pressure-telegram-delays-ton-launch-until-2021-and-offers-to-return-1-2-billion-to-investors
https://cointelegraph.com/news/judge-gives-preliminary-approval-for-25m-settlement-in-tezos-lawsuit
Discussion
Genesis' loan book explodes now with over $2bln in loans. What risk does lending present to crypto?
https://messari.io/article/genesis-capital-s-loan-book-continues-to-grow-during-its-most-volatile-quarter
Personal Token Sales - Timeline before this model goes viral? Will they be the next ICO? Can any good come out of this?
https://twitter.com/kermankohli/status/1257285623964028929
Bitcoin
Surge in Bitcoin price driven by retail buyers on spot exchanges and primarily in the US
https://finance.yahoo.com/news/blockchain-bites-bitcoin-whales-american-170804529.html
https://www.forbes.com/sites/nickchong/2020/05/01/key-data-shows-bitcoin-rally-9000-driven-spot-exchange-surge/#1bd2bd611249
Ethereum
Vitalik comments on what he thinks the ETH Foundation's role should be in staking -- half the total stake
Vitalik also mentions they'll be cutting the issuance rate of new ETH in half and adjusting block sizes variably
https://btcmanager.com/vitalik-buterin-ethereum-foundation-staking-plan-eth-2-0/?q=/vitalik-buterin-ethereum-foundation-staking-plan-eth-2-0/&
https://www.coinspeaker.com/buterin-eth-2-million-year/
ETH2.0 multiclient testnet has launched
https://cryptoslate.com/parity-developer-confirms-ethereum-2-0-schlesi-multiclient-testnet-is-live/
Wrapped Bitcoin (wBTC) added as collateral on Maker DeFi platform; Maker approves new Board of Directors - TrueLayer and Law professor from UNH
https://www.theblockcrypto.com/linked/63818/wrapped-bitcoin-added-as-dai-collateral-type-to-defi-lending-protocol-maker
https://www.altcoinbuzz.io/cryptocurrency-news/product-release/maker-foundation-appoints-new-board-of-directors/
EOS
B1 wins patent
https://www.theblockcrypto.com/linked/63737/block-one-wins-patent-for-a-way-to-incentivize-positive-feedback-on-social-media-platforms
EOSDT (stablecoin explodes) alongside the company's (Equilibrium) inclusion of pBTC
https://cointelegraph.com/news/eosdt-supply-increases-by-100m-with-bitcoin-liquidity-support
Major Firm Grant Thornton Innovates With EOSIO’s Blockchain Tech
https://www.eoswriter.io/169373_major-firm-grant-thornton-innovates-with-eosios-blockchain-tech.eos
Anchor Wallet released on EOS
https://www.eoswriter.io/169300_anchor-the-future-of-eosio-wallets-aaron-cox-jesta-interview.eos
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