27 August

“Now there’s a simpler way to get plugged into the ENS ecosystem, where users own their domain name data and can use their web addresses as crypto wallets. ENS announced today that website owners with a Domain Name System (DNS) can now integrate directly with ENS without having to change to a .eth name, as they previously would have had to do.

For example, if you own ‘example.com’ on DNS, you can import it into ENS — as example.com, not example.eth, the latter is a separate name.

You can then send and receive ETH and other assets, including Dogecoin, via that .com (or .net, .org, .edu , and so on) name.”

See Also: Full DNS Namespace Integration to ENS Now on Mainnet

“According to the patent, creating and managing tokens is currently “difficult and cumbersome” due to the lack of standardization across different blockchains. Microsoft’s patent describes a ledger-independent system for helping users to create tokens, and for managing them across different networks.

On receiving a request from a user, the system offers templates with various attributes and control functions. Those would depend on the type of token required, representing, for example, a digital or physical asset. Once the user has selected the desired template, the system creates the token on the designated networks.”

Around 6% of Bitcoin’s circulating supply has been accumulated by asset managers and companies, signaling ever increasing mainstream and institutional adoption of crypto assets.

The Grayscale Bitcoin Trust, represents more than 3% of the Bitcoin supply, managing 654,600 BTC (worth $32 billion). CoinShares’ XBT Provider ranks second with 48,466 BTC ($2.4 billion) representing 0.23% of supply.

The data provider also tracks 34 public companies that hold BTC on their balance sheets, which collectively command 1% of Bitcoin’s supply. Half of all Bitcoin held by public companies is in the possession of MicroStrategy. Tesla accounts for 20% of the Bitcoin held by private companies. Roughly 80% of BTC stashed away by private companies is held by Block.One.

A further 260,000 BTC are attributed to the balance sheets of national governments.”

“Following a pair of controversial votes in the governance forums of the Uniswap exchange, venture capital giant Andreessen Horowitz (a16z) said in a blog post Thursday it will “open source” its decentralized finance (DeFi) delegation procedures.

Given the size of the DeFi ecosystem – now rivaling mid-sized American banks at $146 billion in total value locked (TVL) – and the considerable governance token reserves controlled by a16z, this effort towards transparency sheds light on policies that have the power to shape an emerging financial vertical.

The “open sourcing” of the delegate program is a bid to lift the veil on how a16z approaches protocol governance. The goal moving forward is to “build in public.”

If we’ve had a fault to date, it’s been a lack of transparency.

DAO voting and delegation will be managed by a new, four-person team. The a16z Protocol team will be perhaps the first-ever third-party professional protocol politicians with a purview that will comfortably rank a16z among the most powerful voices in DAO governance.

A total of 42,500 option contracts worth roughly $2 billion are set to expire on Friday. The max pain price for Friday’s bitcoin options expiry is $44,000.

The cryptocurrency is trading at about $47,000 at press time, representing a 4.4% drop on the day. The decline has reversed Wednesday’s 2.7% gain and exposed bitcoin to the widely tracked 200-day moving average (MA) line located at $46,040.

What we are seeing is typical pre-expiry price volatility. [The] market generally rebounds after monthly settlement.”

“The former Ethereum alternative darling is far off its all-time high for total value locked. A growing number of “rug pulls” or exploits on BSC, meanwhile, has also raised questions around BSC’s security, as some BSC users have left the platform over fears about the safety of their funds, according to analysts.

BSC should’ve just rebranded to Binance Rug Chain.

Messari’s second quarter review on layer 1 blockchains highlighted that BSC was particularly hurt by the May market crash because most of the value locked on BSC was money-oriented capital looking for liquidity mining rewards, and the majority of assets on BSC had few use cases.

In developing layer 1 blockchains, one of the three fundamentals, scalability, security and decentralization, has to be sacrificed to optimize the other two, a so-called blockchain trilemma. In BSC’s case, decentralization was sacrificed. The BSC blockchain’s security algorithm, known as Proof-Of-Staked-Authority (PoSA), is controlled by 21 node operators who are mainly controlled by Binance.

See Also: Can Avalanche Keep It Up? DeFi Users Rush In as Incentives Roll Out

“Two bills introduced in the U.S. Congress on Wednesday seek to push the CFTC to clarify the regulation of cryptocurrencies, prevent price manipulation, boost acceptance of blockchain technology and, ultimately, make U.S. cryptocurrency businesses more globally competitive.

This is the third iteration of the two bills, which were both first proposed in 2018.”

See Also: India’s Securities Watchdog to Launch System for Monitoring Financial Instruments

Weiss will produce and direct episodes of “Hold On for Dear Life”—a backronym for HODL, the rallying cry of Bitcoin maximalists. “HODL” watchers will be eligible for NFTs of artwork and content from the show.

The series hinges on its young protagonist, Mel, who creates a token in honor of her best friend, who has gone missing. She must then navigate the crypto scene a la “Silicon Valley” or “Betas” alongside a motley crew of friends, including a crypto anarchist and a Lambo lover.

Like “Ballers” and “Entourage,” it’s supposed to be funny. But there’s serious potential for crossover appeal as the show has minted its own ERC20 token on the Ethereum blockchain so that token holders can receive a share of the series profits. The token sales will also go toward funding the production.”

“Blockchain firm Constellation Network is to provide end-to-end security for data sharing between the U.S. Department of Defense and its commercial partners. The contract is a transition from the Phase I contact secured by Constellation two years ago.

In partnership with Kinnami Software, Constellation has applied its Hypergraph Transfer Protocol to create a security product that uses blockchain encryption and distributed data management.”

See Also: VeChain launches blockchain platform to encourage carbon data reporting