18 August

The upgrade will put in effect a “privacy protocol” known as Mimblewimble, which is supposed to help shield the identities of holders of senders and recipients of litecoin tokens while also improving the network’s ability to scale to handle more transactions.

A testnet of Mimblewimble, in the works for almost a year, is targeted for the end of September.

One concern with the added privacy features is that it’s not yet clear how they’ll sit with regulators. Coinbase UK delisted zcash last year, likely due to pressure from financial watchdogs. South Korean exchange Upbit delisted privacy coins monero, dash and zcash in 2019.”

“Following his recent educational foray into the world of Blockchain, Barstool Sports founder Dave Portnoy now appears to be promoting crypto pump and dump schemes by shilling low-cap altcoins.

Portnoy expressed an interest in crypto pump and dumps, noting that “it’s encouraged” and can be done “all day long.”

Satoshi Flipper, a crypto influencer known for his analysis, warned people to be “very careful” with Portnoy’s words because he ‘doesn’t know anything about crypto.‘”

“On Friday, Cloudflare roughtime—a public measure of time developed by Google—was off by about four hours. Cloudflare is a third-party web infrastructure provider that Prysm relies on and uses to adjust users’ clocks if they are skewed.

The bug caused havoc with the network’s internal time clocks. Different parts of the network were showing time lags of up to four hours.

The Prysm team developed Alpha.22, which is the main bug fix for the Medalla testnet.”

Cryptograph allows famous personalities to auction their digital artworks—also called cryptographs—in the form of unique non-fungible tokens (NFTs) stored on the Ethereum blockchain. And they contribute to charities in the process.

The first cryptograph was created and sold by Vitalik Buterin, a co-founder of Ethereum, for 77.35 ETH ($33,300 today) on July 11.

The profits from Hilton’s auction will benefit three charities focused on feeding and housing the vulnerable.”

“Starting August 28, CRV holders can “vote lock” their tokens to increase the rate at which they earn rewards from the CRV pool by up to 2.5x.

Tokens locked into the “CRV voting escrow” will gradually accrue voting power (in the form of veCRV, or voting escrow CRV). veCRV voting tokens can be used to vote on proposals submitted to Curve’s governance protocol, the Curve DAO.

Lock 1,000 CRV for a year and you’ll get a voting power of 250 veCRV. Lock it up for four years, and you’ll get 1,000 veCRV.”

“Grayscale Investments’ Bitcoin Cash Trust (BCHG) and Litecoin Trust (LTCN) crypto products are set to begin trading publicly on over-the-counter markets after receiving DTC eligibility Monday.

Grayscale has fashioned its growing family of crypto trusts as a gateway for investors who lack the technical know-how or risk tolerance to hold coins themselves.”

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“In July the DG Lab conglomerate, which like Ethereum powerhouse ConsenSys includes both an investment arm and an adjacent software company, open sourced its proposal for self-sovereign derivatives trading on the Bitcoin blockchain, using the Lightning Network.

The hottest trend among Bitcoin veterans these days is imagining DeFi functionality applied to the bitcoin currency through such layers. There are many opinions on how to approach this opportunity, from DLC to soft forks.

Not everyone agrees on how to use Lightning for smart contracts. There are enough engineers working on DeFi options for Bitcoin that one of them might technically work, even if socially it doesn’t catch on. Only time will tell which ones find product market fit.

Once there are enough people to create a real market, we might offer services or tools we can monetize.”

We’re gradually seeing more regulatory frameworks for a “bank + fintech” collaboration. In the past year, the U.S.’ Office of the Comptroller of the Currency (OCC) has ruled banks can now be crypto custody providers, PayPal has started accepting bitcoin and the Bank of England has floated a potential CBDC Ecosystem.

The Brookings paper has started to map out a web of rails, endpoints and participants that will need to be defined and serviced. In other words, there are multiple roles the private sector can play in the access and usage of a CBDC. This is a critical time that will ultimately define who plays what role in the CBDC ecosystem.

It is therefore not only imperative, but mutually beneficial for central banks to offer “CBDC access APIs” to banks and nonbanks in order to decentralize the CBDC infrastructure for full inclusion, market resilience and better system efficiency.”

“Trump said he was “going to start looking at” a possible pardon for the whistleblower, who has been living in asylum in Russia since he left the U.S. in 2013. The comments came shortly after Trump told The Post ‘a lot of people think that Snowden is not being treated fairly.’

Snowden still faces federal charges for violating the Espionage Act of 1917 and theft of government property.”

“The VeChain Foundation has partnered with accounting and consulting firm Grant Thornton Cyprus.

The partnership hopes to extend blockchain solutions to a variety of industries. These will largely be determined by the Cypriot company’s network of customers. Alexis Nicolau, noted that legislation governing blockchain technology in Cyprus ‘is imminent.'”