Daily 10: Facebook’s Billion-Dollar Stablecoin; Coinbase Pro to List Crypto Trio

April 13, 2019

Plenty going on in the ecosystem of crypto and blockchain to start the week! To help you stay on top of it all, I’ve put together a 19-part thread covering the past day’s events. Can’t be bothered looking through it? All good! Below, I’ve listed what I consider to be the best 10 inclusions. Enjoy!

[1] Ethereum-powered Dharma has gone live to the public! On Dharma, lenders and borrowers are matched peer-to-peer to set up crypto lending terms in a non-custodial fashion, governed by Dharma’s smart contracts. Anyone, anywhere in the world can now earn interest at the click of a button.

[2] Augur (REP) published a detailed post covering a series of features that will be released in v2.0, “a comprehensive suite of improvements to Augur and the first major upgrade to the platform.” As expected, the Augur team confirmed v2.0 will allow trading with a stablecoin (this will be set to the MakerDAO’s Multi-Collateral DAI token). Another “major pain point for Augur users” being addressed in v2.0 is the risk of invalid markets.

[3] Coinbase Pro announced they will soon begin accepting inbound transfers of EOS (EOS)Maker (MKR), and Augur (REP). Notably, MKR trading will be made available in all Coinbase-supported regions outside the U.S.

[4] The team behind Ocean Protocol – a decentralized data exchange protocol to unlock data for AI – announced the beta version of its network is live; a revised and updated version of the Ocean Protocol Nile Testnet. A dedicated blog post explaining the Nile beta network was published today, too.

[5] Per a four-part tweet from The New York Times journalist Nathaniel Popper, sources are saying Facebook is looking for VC firms to fund its stablecoin project, “targeting as much as $1 billion.” He suggests getting outside stakeholders to back the coin would allow the project to be viewed as “more decentralized and less controlled by Facebook.”

[6] Sparkswap raised a $3.5M seed round from Initialized Capital (lead), Pantera CapitalFoundation Capital, and Y Combinator. The San Francisco-based startup, which represents the first cryptocurrency exchange built on Lightning Network Atomic Swaps, also announced their public beta version is now live on mainnet!

[7] MolochDAO – an experimental, decentralized system to provide funding for Ethereum infrastructure – has approved its first grant, with two of Moloch’s 24 members voting to support Kyokan’s contributions to State of Ethereum 2.0; a report published earlier this year.

[8] The TRON Foundation announced they will launch the testnet for the next iteration of its network, the Sun Network, on May 30th. This project will feature dApp sidechains and cross-chain infrastructure; expanding “the overall capacity of TRON network,” according to the Foundation’s blog post.

[9] Matic Network (MATIC) announced a partnership with Ankr Network (ANKR), a distributed computing platform that aims to leverage idle computing resources in data centres and edge devices. Ankr will use Matic sidechains to scale its distributed computing services, whilst Matic will leverage Ankr to provide distributed computing to its enterprise clients.

[10] Kerman Kohli (Founder, 8x) published a highly informative piece explaining – with the assistance of diagrams – the state of crypto interoperability; focussing primarily on Cosmos (ATOM) and Polkadot (DOT).

Want to see all 19 parts of today’s thread? All you have to do is click below!

I compose threads like these several times a week. Following @mwill_crypto will allow you to read them hot off the press. If you loathe a clogged feed then, by all means, give me the flick and follow @NuggetsNewsAU instead. They actually do interviews and what not. Whereas I…well I just tweet about them!