James' Crypto Weekly - July 6, 2021
News
This should have been in last week’s email, but I forgot to include it. The Fed published a full speech on CBDC, Central Bank Digital Currency, highlighting why and how the Fed should issue a Digital Dollar to upgrade the current financial infrastructure. However, the speech also stated concerns over transaction anonymity and how issuing CBDC would potentially make the Fed into a direct-to-consumer bank competing with commercial banks that are crucial in the current financial system. Link
A beef between Chainlink and MakerDAO communities. A thought leader from Chainlink community claims that MakerDAO’s oracles appear to be selling exclusive rights to post their price data on-chain to an insider group, making the insider group the only entity able to liquidate positions on protocols that use MakerDAO's oracles without a delay Link
Binance is having a rough time recently. After the recent ban in UK and Barclays stops UK clients from sending funds to Binance, the Cayman Islands Monetary Authority says that Binance is not authorized to do business in the jurisdiction. Thai SEC also files criminal complaint against Binance over unregistered operations. Link(FT $) Link2 Link3
World's biggest interdealer broker TP ICAP to launch crypto trading platform with Fidelity and others. Link
JP Morgan says the upcoming Ethereum 2.0 upgrade could jumpstart $40b staking industry. Link
The team behind Polygon, an Ethereum L2 scaling solution provider, introduces a new project called Avail, aiming to be the data availability layer for scaling solutions. Link
1Inch exchange launches its own stablecoin called one1INCH. Link
Coinbase reveals plan for launching worldwide crypto app store. Link
Tim Berners-Lee sells web source code NFT for $5.4m. Link
Instagram is working on NFT collectible features. Link
Market Data
Centre is launching USDC on ten new blockchain platforms, Avalanche, Celo, Flow, Hedera, Kava, Nervos, Polkadot, Stacks, Tezos, and Tron. Link
DAO Landscape. Link
A video on bootstrapping blockchain on Polkadot. Link
Litcoin Mimblewimble Progress Update Thread on Reddit. Link
Dates of Note
Upcoming dates of note (new/changes in bold):
July 10 - Road to Devcon Quest: Devcon Trivia Game
July 28 – tentative date for London hard fork (Ropsten June 23, Goerli June 30, Rinkeby July 7)
July 20-22 - EthCC4 (Paris)
July 21 - ETHécole Conference (Paris)
July 25 -31 - IC3 Blockchain Camp (Virtual)
August 27 - 29 - EDCON2021 (Shenzhen & Online)
TBA - Devcon
Kusama parachain auction is officially here, auctioning five slots total, one slot per week. Link
2021/07/06, 12:00 GMT:Fourth Kusama Parachain Slot auction commences.
2021/07/13, 12:00 GMT:Fifth Kusama Parachain Slot auction commences.
Follow me on twitter: @_polkadotjames
Permalink for this week’s issue: https://jamescryptoweekly.substack.com/p/july-6-2021
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