EtherWorld Weekly June 26, 2022

Mainnet-shadow-fork-7 was Successful, Sepolia Beacon Chain is Live, Akula Ethereum Implementation, and many more news and project updates in today's newsletter and to help you expand your knowledge we've also included a few podcasts.

EtherWorld Weekly June 26, 2022



Ethereum news

Akula Ethereum Implementation
Akula, stands for shark in Russian, is the fastest Ethereum implementation ever built which is written in the programming language Rust. Rust is an elegant, fast and safe programming language which was designed for concurrency and memory management.

Sepolia Beacon Chain is Live
Sepolia is a testnet which will still remain after The Merge along with Goerli/Prater. Sepolia Beacon Chain is a PoS version of Sepolia and is soon to be merged. Sepolia's merge with SBC will happen in a couple of weeks.

Mainnet-shadow-fork-7 was Successful
Mainnet Shadow Fork 7 was successful today! It's aim was to test fixes deployed on Ropsten and make sure that there are no regressions.

Ethereum Bulletin

Ethereum Bulletin 25
Akula, stands for shark in Russian, is the fastest Ethereum implementation ever built which is written in the programming language Rust. Rust is an elegant, fast and safe programming language which was designed for concurrency and memory management.

Ethereum Bulletin 24
Mainnet Shadow Fork 7, dYdX will be developing its own blockchain, Nethermind v1.13.3 released, Lido DAO announced the expansion of Operator set, zkSync pushed a major update, TDS on VDA will be applicable in India, Tether announced a new stable coin.

Ethereum Bulletin 23
Kiln, Ropsten & Rinkeby Deprecation Announcement ProtocolGuild proposal up for a vote until Friday Applications EF Fellowship Program open now! KZG Ceremony Call #2 on June 23 Uniswap Universe Expanding! DuneCon 2022 Announced Geth Full Sync Sneak Peek

Ethereum Bulletin 22
Gray Glacier Expected June 29th, Upgrade Clients Now!, EF Seeking Proposals for Staking Operator Documentation. Nethermind's Warp 2.0, SBC live now!, ETH Infra funded by $500K, Add Support for PPA installation, PEEPanEIP #74 on EIP-4400 by Ethereum Cat Herders

Ethereum Bulletin 21
EIP-4844 Breakout Room Meeting Erigon v2022.06.04-alpha Release Celsius Network withdrawals, swaps, and transfers paused for over 7 days due to "extreme market conditions" Teku v22.6.0 is now available MEV accounts for 1 out of every 30 Ethereum transactions

World News

Coinbase launches first Derivatives Exchange
Coinbase will launch its first crypto derivative product on Monday in the midst of the current crypto winter. Receives Approval from Singapore receives approval from the Monetary Authority of Singapore (MAS) to provide a wide range of payment services in the country.

UK Government reverts Unhosted Wallet Data Collection Proposal.
The UK's Financial Ombudsman Service has announced that crypto firms would no longer be required to hand over unhosted wallet data for all transactions, but will only be required to collect for transactions identified as posing a high risk of illegal funding. According to the government, it didn't make sense for them to mandate all senders of payments to private crypto wallets to acquire receivers' identity information.

Coinbase is facing class-action suits.
Coinbase is a prominent cryptocurrency exchange based in the United States. Christopher Underwood, Louis Oberlander, and Henry Rodriguez have [filed a class-action lawsuit against Coinbase Global Inc., Coinbase Inc., and Coinbase CEO Brian Armstrong, alleging that the business was negligent in listing stable currencies like TerraUSD Classic. A class-action lawsuit has been filed against Coinbase for the second time.

Visa launches Crypto enabled cards
The launch of Crypto-enabled cards in Latin America has been announced by Visa, one of the largest payment companies in the world.

TDS will be applicable in India
The Income Tax Department of India had tweeted and shared the New Guidelines of TDS on Virtual Digital Assets which will be in effect from 1st July onwards. No TDS will be applied when a user purchases cryptocurrency for Indian rupees. For example: the customer is not responsible to pay TDS if they wish to purchase ETH in exchange for INR. As per current guidelines, TDS will be applicable only on Indian Exchanges such as CoinDCX, WazirX, and more. Every time a transaction is made, TDS is applicable and it is applicable even if the user sells off his VDA at a loss.

Projects Update

MEXC reintroduced daily withdrawal limits.
MEXC is a centralized cryptocurrency trading platform. MEXC has [announced that the daily withdrawal limit has been increased and doubled from the previous value. The institutional KYC daily withdrawal limit has been doubled from 200 BTC to 400 BTC.

Venus Wallet Integration.
Ledger and Venus Protocol have announced wallet integration. Ledger is a hardware service provider for buying, trading, staking, and selling crypto assets, and Venus is an algorithmic-based money market system that intends to provide a decentralized finance-based lending and credit system to the Binance Smart Chain.

KuCoin Futures Integrated with Mizar.
KuCoin, one of the leading crypto platforms, has announced Futures Integration with Mizar. Mizar is a trading platform where traders can invest in strategies or get access to a wide range of trading tools.

South Korea: Travel banned Terra employees, detailed analysis of the Terra Classic downfall
Terra employees and ex-employees are banned from exiting the nation, Terra 2.0 launch, explanation of Terra Classic and LUNA Classic market crash

Uniswap acquires Genie
Genie, an NFT marketplace aggregator, was purchased by Uniswap for an undisclosed sum.

Tether announced a new stable coin
Tether has announced plans to launch a stable currency backed by the British pound and it will be launched in early July.

zkSync pushed major updates
zkSync has pushed major updates with structural changes designed to enhance the user experience, to increase the compatibility with Ethereum’s EVM, and to upgrade performance on the zkSync v2 testnet.

Lido DAO announced the expansion of Operator set
Lido DAO has announced the expansion of the Lido Node Operator set on Ethereum and they've approved eight new Node Operators for this. Their motive is to help, grow and decentralize their validator set.

dYdX developing its own blockchain
dYdX is a decentralized exchange that allows users to trade without any intermediate and it runs on a smart contract on the Ethereum Blockchain. dYdX has announced that dYdX V4 will be developed as a standalone blockchain on Cosmos and Proof-of-Stake protocol.

eBay Acquires KnownOrigin
KnownOrigin, Leading NFT Marketplace, was acquired by eBay.

Tech update

Podcasts & Videos

Green Pill 21
With Evan Miyazono, they spoke about the Web3, gas prices, NFT, and more in this episode of Green Pill. Evan also covers all aspects of Impact Certificates, including what they are, why they're crucial, what our society may resemble if they succeed, and much more.

About Crypto Currency with Mark Cuban
This podcast is all about understanding crypto currency, how to explain crypto to beginners, the cycle difference, and more.

Wyre – Using Blockchain for Cross-Border Payments
They explored the usage and importance of Blockchain for Cross-Border payments in this video.

Ethereum Cat Herders Podcast
PEEPanEIP 73 by Ethereum Cat Herders Podcast with Mikhail Kalinin. In this vide they've discussed on TheMerge transition - Paris, Bellatrix, and TTD.

Overpriced JPEGs Recap
They talk about recent developments and NFT projects in this video, as well as their impressions on NFT NYC.

Blockchain Events

Job listing


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