December 19, 2018

DAI is 1 year old, Basis stablecoin shuts down and returns funds, negative financial market sentiment.

Thank you to everyone that made it out to the Blockcast Media Workshop on Sunday. It was exciting to help onboard the next wave of new users to blockchain tech! There is no scheduled date for the next workshop, however we will be taking suggestions! Contact me at phil@blockcast.media for more details.

Happy first birthday to MakerDAO’s release of the DAI stablecoin. It has been through a lot since its launch on December 17th. It has maintained its $1 USD peg after a roller coaster ride of ETH all time highs at $1400 USD all the way down to $80 USD. Definitely proves that something is working!

**If you have no idea what I’m talking about or what DAI/stablecoins are, here is a great article you can read about why this project is so important to the blockchain ecosystem: “MakerDAO: The Decentralized Global Reserve Bank”

Speaking of DAI, there is a proposal to reduce the stability fee from 2.5% down to 0.5% due to the demand for DAI. The stability fee is similar to the interest you pay on a loan.

The Basis stablecoin project is shutting down and returning its capital that it raised back to investors. They did not specifically state the reason why, but speculation is that it was regulatory.

Forbes is warning us to be prepared for a bear market panic crash. There are 5 serious problems making this much more likely now in this market. Former Federal Reserve Chair Janet Yellen also echos the same sentiment.

More news below!


Events

Upcoming Significant Blockchain Events [All times in EST (-4 UTC)]:
January 16, 2019: Ethereum Constantinople Hard Fork (Block 7,080,000)
January 24, 2018: Bakkt Launch (Delayed until Jan 2019)

For further significant events, check our Google Calendar.


News:

Security

Who Controls Bitcoin Core?
Satoshi Has No Clothes: Failures in On-Chain Privacy by Ian Miers (Devcon4)
A behind the scenes look at the biggest (and quietest) crypto transfer on record
Finding Vulnerabilities in Smart Contracts – ConsenSys Diligence – Medium
Automated Smart Contract Exploitation and Looting

Education

MakerDAO: The Decentralized Global Reserve Bank – POV Crypto – Medium

Legal

Report: Top Crypto Exchange Bithumb Faking Up To 94% Of Trading Volume; Bithumb Denies Allegations

Developers

Using the Beacon chain to POS-finalize the Ethereum 1.0 chain
Commit Reveal Scheme on Ethereum - Hiding Actions and generating random numbers - Austin Griffith

General

Cosmos Game of Stakes testnet just went live
Cardano 1.4: Daedalus 0.12.0 with Cardano SL 2.0.0 Release Notes
The Blockchain Is a Reminder of the Internet’s Failure


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December 11, 2018

Ethereum Constantinople upgrade for Jan 16, 2019, Ethereum Satelitte on SpaceX Falcon 9, A primer on IPFS (Interplanetary File System)

Ethereum Constantinople upgrade will occur on mainnet at block 7080000. Approximately on January 16, 2019.

Vitalik Buterin provides examples in a Twitter thread for non-financial applications of blockchain including academic credentials, self-sovereign identity and auctioning compliance (integrity of processes).

The SEC delayed its decision on the VanEck/SolidX bitcoin ETF for the last time. With a *final* deadline set for February 27. Opinion Twitter thread by lawyer Jake Chervinsky on why the ETF is unlikely to happen by then.

For anybody that is interested, there is a community callout by Justin Drake for contributions of interest/inflation opinions for the economics of ETH 2.0.

XYO Network Headed to Space - Definitive Agreement Executed to Bring XYO Into Orbit With Launch of Blockchain Satellite on SpaceX Falcon 9 (Press Release)


Events

Blockcast Events:
December 16, 2018 @ 11am: Blockcast Media Workshop

Upcoming Significant Blockchain Events [All times in EST (-4 UTC)]:
January 16, 2019: Ethereum Constantinople Hard Fork (Block 7,080,000)
January 24, 2018: Bakkt Launch (Delayed until Jan 2019)

For further significant events, check our Google Calendar.


News:

Security

Two identities, one man: the story of $800 million hedge fund fraudster Boaz Manor who led the alleged $31 million Blockchain Terminal ICO

Education

A primer on IPFS (Interplanetary File System: IPFS allows us to retrieve content based on what the content is, not where the content is)
Vitalik Buterin: A CBC Casper Tutorial

Legal

Jay Clayton: SEC Balancing Crypto Innovation And Investor Protection

Developers

Latest ETH 2.0 implementors call // Latest What’s New in ETH 2.0 by Ben Edgington

General

The Next 3 Billion in Financial Services by Angela Strange (a16z Crypto)
Introducing Offers to Lend: Lenders can now create peer-to-peer loan offers on Bloqboard using the Dharma protocol
Samsung is Building Cryptocurrency Wallets for Bitcoin and Ethereum Based ERC 20 Tokens


Am I missing something? Suggestions for improvement? Send me your news & thoughts to phil@blockcast.media

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December 4, 2018

Bitcoin's difficulty drops 15.1%, Fidelity & Bitmain make more investments, Vertcoin a victim of 51% attack... again

Just a quick reminder that this newsletter is intended to be short and concise. We try to on purposely limit our curation to provide only the best, verified & most important events happening within the blockchain industry. Hopefully you find this newsletter as useful as we do, as we understand your time is important to you!

There is a lot of talk about the “mining death spiral” of Bitcoin, where it is no longer profitable for many miners to keep contributing their resources to the ecosystem = decline of hashrate = decline of price. Ari Paul explains that miners will have to uneconomically mine for ~2 weeks to reduce difficulty level to eliminate the problem.

Bitcoin just had it’s second largest drop in mining difficulty in history at -15.1%. This also makes the capital cost of a 51% attack significantly cheaper at around a range of $10 million. Not all are in agreement that Bitcoin is in a mining death spiral though: Opinion piece by Arjun Balaji of The Block.

Amazon Managed Blockchain released by AWS. Fully managed service that makes it easy to create & manage scalable blockchain networks using popular open source frameworks (Hyperledger & Ethereum).

PIVX released their v3.0 mobile wallet. It will be the first Zerocoin privacy-enabled mobile wallet.

More news below!


Events

Blockcast Events:
December 16, 2018 @ 11am: Blockcast Media Workshop

Upcoming Toronto Area Blockchain Events
December 6, 2018 @ 7pm: Block 8: Enterprise Blockchain Radically Simplified
December 10, 2018 @ 6pm: Polkadot - Toronto - Community Launch

Upcoming Significant Blockchain Events [All times in EST (-4 UTC)]:
January 16, 2019: Ethereum Constantinople Hard Fork (Tentative)
January 24, 2018: Bakkt Launch (Delayed until Jan 2019)

For further significant events, check our Google Calendar.


News:

Security

Vertcoin (VTC) is currently being 51% attacked

Education

Justin Drake explains Ethereum 2.0 (Serenity) at a blockchain workshop in Cambridge
Guide to Hashing Algorithms by Consensys Media
Amount of Ethereum locked up in decentralized finance applications (MakerDAO off by default)

Legal

SEC charges Floyd Mayweather, DJ Khaled for promoting ICOs without disclosing payments
Marco Santori: A federal court in California just ruled against the SEC in an ICO case, explaining what a plaintiff will now have to prove for an ICO to be a security.

Developers

Geth v.1.8.19 and Parity v2.2.2 are released with upgrades to faster block processing/propagation times
AZTEC: Zero-knowledge proof for confidential transactions on ETH mainnet

General

Fidelity, Bitmain and More Invest $27 Million in Crypto Trading Platform ErisX
VeChainThor Node Tokenization and Mobile Wallet Update
Digix Dev Update 4 Dec 2018 — DigixDAO progress


Am I missing something? Suggestions for improvement? Send me your news & thoughts to phil@blockcast.media

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November 28, 2018

Ohio accepts Bitcoin for taxes, US Treasury sanctions 2 Bitcoin addresses, Gnosis Safe (Smart contract wallet) released on mainnet.

Apologies for this week’s delay for the newsletter. We will strive to continue delivering every Monday/Tuesday.

For all Toronto subscribers to this newsletter, there is a ChainSafe event for the Ethereum developer community this Friday! Lots of great speakers and demos will be at this event.

Reminder to anyone holding onto AION tokens to get them swapped via their Token Bridge.

Blockgeeks released a great comparison summary on five different smart contract platforms and their goals.

Fred Wilson wrote a short piece about the current bear market and comparisons to the 2000s tech bubble. Great summary for anyone feeling down on prices.

Congratulations to Ohio for being the first state to accept Bitcoin as acceptable payment for taxes. We applaud you.


Events

Blockcast Events:
December 16, 2018 @ 11am: Blockcast Media Workshop

Upcoming Toronto Area Blockchain Events
November 30, 2018 @ 5:30pm: Ethereum Coding, Updates and Demos
December 6, 2018 @ 7pm: Block 8: Enterprise Blockchain Radically Simplified
December 10, 2018 @6pm: Polkadot - Toronto - Community Launch

Upcoming Significant Blockchain Events [All times in EST (-4 UTC)]:
Now - End of November: AION Token Swap
January 16, 2019: Ethereum Constantinople Hard Fork (Tentative)
January 24, 2018: Bakkt Launch (Delayed until Jan 2019)

For further significant events, check our Google Calendar.


News:

Education

A great reddit summary on why Ethereum has such vast potential.

Legal

The U.S. Treasury Department has added two bitcoin addresses to its individual sanctions list, both tied to an Iranian ransomware plot.

Developers

OneClickDapp: Instantly build a dApp with a simple URL to bookmark or share with a friend.
Ethereum Scratch extension: Can send ether, deploy token contracts and send token transactions

General

Gnosis Safe, dubbed as the first smart contract wallet, has been released on mainnet.
First ever public offering of equity on Blockchain - Neufund
Cryptocup Integrates Dai to Offer a Stable Prize Pool
Bitcoin Close to Overtaking MasterCard in Daily Transfers


Am I missing something? Suggestions for improvement? Send me your news & thoughts to phil@blockcast.media

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November 20, 2018

Bitcoin Cash is officially split, market downturn continues, SEC launches enforcement against ICOs.

Lots of news this week in regards to price and legal moves by the SEC!

A criminal investigation is underway as Bitfinex and Tether are accused of price manipulation during last year’s Bitcoin rally.

The SEC has started settling with ICOs that were being sold as unregistered securities. Airfox and Paragon were the first targets of the SEC, which has since settled.

Bitcoin Cash (ABC & Unlimited) and Bitcoin SV (Satoshi Vision) have officially split after the network upgrade on November 15th.

Very cool, even during the recent wipeout of $40 billion in market cap and the drop from ~$200/ETH to current prices of ~$140/ETH, MakerDAO’s DAI stablecoin has remained pretty consistent as the system liquidated about 75,000 ETH of bad CDPs.

More news below!


Events

Blockcast Events:
December 16, 2018 @ 11am: Blockcast Media Workshop

Upcoming Toronto Area Blockchain Events:
December 6, 2018 @ 7pm: Block 8: Enterprise Blockchain Radically Simplified

Upcoming Significant Blockchain Events [All times in EST (-4 UTC)]:
Now - End of November: AION Token Swap
January 16, 2019: Ethereum Constantinople Hard Fork (Tentative)
January 24, 2018: Bakkt Launch (Delayed until Jan 2019)

For further significant events, check our Google Calendar.


News:

Security

Practical Smart Contract Security Analysis and Exploitation— Part 1

Education

Barnabé Monnot’s Casper CBC spec explainer Part 1 | Part 2 | Twitter thread by Vlad Zamfir
Ethereum in Emerging Economies - Austin Griffith
As public trust in our financial institutions and monetary system continues to erode, future shock will increasingly plague the populace. - Twitter thread by Adam Taché

Legal

Switzerland Green Lights World’s First Crypto ETP to be Listed Next Week

Developers

Introducing the Azure Blockchain Development Kit
The Görli Testnet Has Arrived

General

Crypto's Too Expensive? Binance Sent $600 Million in Bitcoin for Just $7
Vitalik Buterin On the Hard Lessons of Ethereum's First Five Years
Buy and sell crypto collectibles with Dai – OpenSea – Medium


Am I missing something? Suggestions for improvement? Send me your news & thoughts to phil@blockcast.media

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