22 December

“The $9.2 billion asset manager filed a Form D for “SkyBridge Bitcoin Fund L.P.,” a private securities offering open only to accredited investors buying at least $50,000. The fund’s strategy and means of exposure were unavailable at press time.

Fund founder Anthony Scaramucci, who became known to broader public during his 11-day tenure as White House communications director for President Donald Trump, has further dabbled in bitcoin rhetoric through conversations with MicroStrategy CEO Michael Saylor.”

See Also: MicroStrategy Splurges On Another $650M in Latest Bitcoin Investment
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“When implemented, EIP-1559 will bring about a better user experience, tighter security features, larger blocks for transactions (when required), and see ETH burned after every transaction processed by the Ethereum blockchain.

In its present form, Ethereum users can manually set their own “Gas” fees. However, this allows opportunistic and wealthy users to bid higher Gas prices and causes two significant issues: network congestion, and sky-high fees for using Ethereum.

But EIP-1559 brings a critical change. The network, under the proposal, would automatically propose a “BASEFEE” price that adjusts to the network activity, providing a set rate for all transactions and preventing opportunistic usage from clogging the entire network.

It introduces a deflationary element as well. As Gas is spent, a bulk of that amount of ETH is burned—creating a diminishing supply of tokens. The move would bring “zero to negative” issuance of new ETH tokens.”

“IBM announced a trial service for a privacy tech called fully homomorphic encryption (FHE), designed to vastly reduce the likelihood of sensitive data being exposed. FHE is an emerging technology – often described as the “holy grail” of encryption – designed to allow data to stay encrypted when being processed or analyzed in cloud or third-party environments.

Research and advisory company, Gartner predicts that by 2025 at least 20% of businesses will be budgeting for programs that require homomorphic encryption, up from less than 1% currently.”

See Also: Why Ledger Kept All That Customer Data in the First Place

“Users suffer “impermanent losses” related to fluctuations in demand for the trading pair, and a simple APY calculation on a user interface frontend isn’t sufficient to paint a full picture for what the gains might look like for liquidity providers.

This new conceptual model may allow for more sophisticated decision making from liquidity providers, as well as more robust architectural frameworks for AMM developers.

This paper provides a principled way for developers and designers to provide LP returns that make sense. APY only makes sense for fixed income assets (bonds), whereas derivative pricing makes MUCH more sense for something like liquidity provision.”

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“According to Play To Earn editor-in-Chief Robert Hoogendoorn, the unique set of incentives for buyers means it might well become part of a larger trend.

In-game items and resources backed as NFTs can accrue significant resale value if a game becomes more popular, and according to the Alien Worlds team, complex game economies can even turn them into yield-bearing assets.

Now in crypto, everyone has the chance to earn passive income by owning land which is truly theirs.”

“Layer two decentralized exchanges Loopring and DeversiFi are joining forces by forming a committee dedicated to promoting usage of layer two solutions, named “L2 Squared.”

As things stand, Loopring and DeversiFi are the first exchanges on Ethereum to harness Layer-2 solutions, using zkRollup and StarkEx’s Validium respectively. However the much-needed migration to Layer-2 is not a simple one, and the network effects of Layer-1 composability are very strong.”

See Also: Uniswap Is the Number One Gas Guzzler on Ethereum