4 August

“The minimum validator deposits (16k+ of them) required to kick off the Medalla testnet were met on Friday, which means the genesis of this testnet is set to happen at 1596546008 Unix time, or 8 seconds after August 4th at 1pm UTC.

Remember, the vast majority of validators on the Medalla testnet are run by you, the community. We’re relying on you to treat this as a dress rehearsal for mainnet launch. If Medalla proves stable, mainnet launch is next – and represents years of hardwork by countless engineers, researchers, and community members.

The community will be running five different clients at genesis! [Teku, Prysm, Nimbus, Lodestar, Lighthouse.]

mc-attack-0, a new multi-client attacknet, launched today! This new attacknet falls under the beta-1 categorization with updated rules and increased bounties – up to $15k for critical exploits.”

“The Ethereum Foundation will be building a dedicated security team for Ethereum 2.0 to study any potential cybersecurity and crypto-economic issues in the next generation of the Ethereum network.

With the final stages of preparation for Ethereum 2.0 Phase 0 underway, heavy emphasis is now being placed on the network’s security.

Among the potential team’s tasks will be “fuzzing, bounty hunting, pager duty,” which directly relates to software security management. The security team will also be doing more theoretical work on formal verification of cryptographic algorithms. This process will seek to mathematically prove that a certain algorithm is secure. Economic modeling experts are also sought by the foundation.”

[22] projects introduced potential scaling solutions prior to Reddit’s July 31 deadline. Most contest participants are existing developers of Layer 2 solutions for Ethereum.

The terms of the challenge stipulate that proposed technologies should be able to handle “100,000 point claims, 25,000 subscriptions, 75,000 one-off point burns and 100,000 transfers” spanning a five-day period.

Unlike its competitors, Aztec’s zkReddit makes all the token transactions private on the Ethereum blockchain.

OMG Network, previously known as OmiseGo, proposed Plasma side chains as a scaling solution. For the challenge, the team built a Chrome extension to interface with Reddit’s Community Points.

Skale’s proposal involves its high-performance blockchain network, which is primarily designed for cloud computing. Reddit would have to create its own blockchain on the Skale network.”

The new fund includes multiple undisclosed university endowments, a potential bellwether for traditional investors becoming more crypto-comfortable.

Electric’s new fund will invest in startup equity, crypto tokens or a hybrid of the two. The fund will continue Electric’s three-pronged focus on Layer 1 protocols, decentralized finance (DeFi) and crypto-enabled businesses.”

See Also: Huobi Hires Former Banking Giant Executive to Lead New DeFi Fund
See Also: Charlie Lee, Adam Back Lead $3.1M Private Token Raise for Blockchain Game Infinite Fleet

“BKB’s subsidiary and a national banking group, Bank Cler, are working on services that will allow customers to trade and store cryptocurrencies.

These plans make Basler Kantonalbank the first government-backed bank in Switzerland to enter the crypto industry.”

See Also: Industry Calls on US Regulator to Open Floodgates on Banks’ Crypto Capabilities
See Also: Tel Aviv Stock Exchange to Launch Blockchain Securities Platform

“Utilizing the Baseline Protocol, the goal is to establish a “Coca Cola Bottling Harbor”, enabling a low barrier network joining process for Coca-Cola Bottling suppliers.

The Baseline Protocol provides an outstanding technical backbone for achieving the desired solution by:

  • using the public Ethereum Mainnet as an always-on, pay-per-use frame of reference;
  • keeping enterprise data in traditional systems of record;
  • enabling complex, private, inter-organizational business process automation;
  • providing extensibility for DeFi & asset tokenization use-cases;
  • being openly-governed open source, poised to become an OASIS standard

“pTokens has now listed Ethereum-compatible pLTC tokens on the Kyber Network. pLTC is pegged 1:1 to Litecoin (LTC), making the legacy asset fully compatible with Ethereum.

pLTC tokens will be accessible through KyberSwap and other decentralized apps, or DApps.

pLTC provides Litecoin holders a convenient way to explore the world of decentralized finance on Ethereum.”

“As the cryptocurrency declined, users withdrew more coins from exchanges than they deposited, suggesting holders were not spooked by the big mover lower.

Sunday’s flash crash is rumored to have been caused by an Asian whale, or big trader, who took profit on a long position after prices hit $12,000 amid thin volumes.”

“DeFi-focused oracle platform DIA is using crowd-sourcing to improve the accuracy of price oracles. Rather than provide data points and oracles itself, the platform enables the community to source and validate data through crypto-economic incentivisation.

DIA sets out to democratize financial data.”

“Ethereum Classic may have been targeted by a 51% attack, one of the only known ways to compromise the blockchain and execute “double spend” transactions that credit the attacker with free money.

The absence of powerful competing miners providing hash power to sustain the existing blockchain allowed the mystery blocks to be added and accepted as normal.

In theory, the new blocks could have contained double-spend transactions or other malicious activity that blockchains are designed to prevent. It’s not yet certain, however, that the blockchain reorganization was the result of nefarious intentions.”