๐ฐBICO Weekly Degen Digest is reporting LIVE on a deranged week!
If you thought all those events with 3AC and Terra were crazy, this week just proved that the ceiling is still too high.
๐๐ซ๐ฒ๐ฉ๐ญ๐จ ๐๐๐ซ๐ค๐๐ญ:๐งต๐
If you thought all those events with 3AC and Terra were crazy, this week just proved that the ceiling is still too high.
๐๐ซ๐ฒ๐ฉ๐ญ๐จ ๐๐๐ซ๐ค๐๐ญ:๐งต๐
2/
#Crypto assets are pushed even harder this week as the market continues its recovery.
$ETH continues to grow stronger. The merge drew in even closer with the Goreli testnet's success last Wednesday.
#Crypto assets are pushed even harder this week as the market continues its recovery.
$ETH continues to grow stronger. The merge drew in even closer with the Goreli testnet's success last Wednesday.
3/
@VitalikButerin indicated Sep. 15th ๐ as the expected merge date, when the terminal total difficulty hits 58750000000000000000000๐
@VitalikButerin indicated Sep. 15th ๐ as the expected merge date, when the terminal total difficulty hits 58750000000000000000000๐
https://twitter.com/VitalikButerin/status/1558072902972473344
4/
ETH has gained an additional ~15% this week and teased a brief top over 2k on Aug. 13th.
On the other side of the land, the L2 narrative that was constantly outperforming the previous week fell slightly downstream.
ETH has gained an additional ~15% this week and teased a brief top over 2k on Aug. 13th.
On the other side of the land, the L2 narrative that was constantly outperforming the previous week fell slightly downstream.
5/
While it's soothing to see a relatively greener week, it is also important to note that, the market remains under fast rotation, where it's best to remain risk-averse.
While it's soothing to see a relatively greener week, it is also important to note that, the market remains under fast rotation, where it's best to remain risk-averse.
6/
As for the news segment, all of the enthusiasm from the $ETH rally was eclipsed by the beginning of what would most likely go down in history as one of the most essential debates.
As for the news segment, all of the enthusiasm from the $ETH rally was eclipsed by the beginning of what would most likely go down in history as one of the most essential debates.
7/
#TornadoCash is a cryptocurrency mixing service that lets users make tx privately with the help of #zk-SNARK technology.
On August 13, the US Department of Treasury hit Tornado cash with sanctions.
What is their reasoning?
#TornadoCash is a cryptocurrency mixing service that lets users make tx privately with the help of #zk-SNARK technology.
On August 13, the US Department of Treasury hit Tornado cash with sanctions.
What is their reasoning?
8/
Because Tornado Cash enables users to execute anonymous #Ethereum tx by removing the on-chain connection between the source and destination chains.
Acc. to the treasury, this could be a pretext for illegal but not immoral tx.
Also, let's just note that:๐
Because Tornado Cash enables users to execute anonymous #Ethereum tx by removing the on-chain connection between the source and destination chains.
Acc. to the treasury, this could be a pretext for illegal but not immoral tx.
Also, let's just note that:๐
9/
Privacy is a fundamental human right.
Code is free speech, and freedom of expression is also a fundamental right!
Privacy is a fundamental human right.
Code is free speech, and freedom of expression is also a fundamental right!
10/
Just in - It is being alleged that ETH devs who proposed an ETH PoW fork following the merge claim that they have disabled the difficulty bomb, which allows the base fee to be managed by miners and the community; adjust starting mining difficulty.
Just in - It is being alleged that ETH devs who proposed an ETH PoW fork following the merge claim that they have disabled the difficulty bomb, which allows the base fee to be managed by miners and the community; adjust starting mining difficulty.
11/
Full report by @binance Flash news๐
binance.com/en/news/flash/โฆ
Is this the beginning of a monumental error? Share your thoughts below๐
- Stablecoin de-pegs are back in the news:
MakerDAO's founder says that its "almost inevitable' that DAI will abandon its USD peg"๐
Full report by @binance Flash news๐
binance.com/en/news/flash/โฆ
Is this the beginning of a monumental error? Share your thoughts below๐
- Stablecoin de-pegs are back in the news:
MakerDAO's founder says that its "almost inevitable' that DAI will abandon its USD peg"๐
12/
As of now, $USDC backs 50% of the total value locked in MakerDAO at $8.9B
While opinions about this event remain divided, concerns rise over several acute and multi-faceted risks associated with MakerDAO's collateralization by the USDC token๐
theblock.co/post/163072/maโฆ
As of now, $USDC backs 50% of the total value locked in MakerDAO at $8.9B
While opinions about this event remain divided, concerns rise over several acute and multi-faceted risks associated with MakerDAO's collateralization by the USDC token๐
theblock.co/post/163072/maโฆ
13/
Hackers printed 1.2 billion $AUSD on the @AcalaNetwork through an exploit.
This vulnerability is indicated to be caused by a misconfiguration of iBTC/aUSD liquidity pool which caused a fault minting of aUSD tokens in large amounts.
Hackers printed 1.2 billion $AUSD on the @AcalaNetwork through an exploit.
This vulnerability is indicated to be caused by a misconfiguration of iBTC/aUSD liquidity pool which caused a fault minting of aUSD tokens in large amounts.
14/
Following the hack, AUSD has depeged to $0.009527 at the time of writing this report.
Moving let's look at some good reads for our degens this week๐
Following the hack, AUSD has depeged to $0.009527 at the time of writing this report.
Moving let's look at some good reads for our degens this week๐
15/
๐Good Reads:
โ Kraken Intelligence Report on PoW vs. PoS (Securing the chain): kraken.docsend.com/view/58b6xidjxโฆ
โ Rust lang 1.63.0 released: blog.rust-lang.org/2022/08/11/Rusโฆ
โ How to unblock blocked frontends - a code: Unblock dApps
๐Good Reads:
โ Kraken Intelligence Report on PoW vs. PoS (Securing the chain): kraken.docsend.com/view/58b6xidjxโฆ
โ Rust lang 1.63.0 released: blog.rust-lang.org/2022/08/11/Rusโฆ
โ How to unblock blocked frontends - a code: Unblock dApps
https://twitter.com/_apedev/status/1558428584448073729
16/
โ Should crypto supercycles have its own TV series (a very likable hot take we'd all like to see happen๐): mirror.xyz/matti.eth/Z9qDโฆ
โ How consensus and data availability impact decentralized scalability: kabat.substack.com/p/how-consensuโฆ
โ Should crypto supercycles have its own TV series (a very likable hot take we'd all like to see happen๐): mirror.xyz/matti.eth/Z9qDโฆ
โ How consensus and data availability impact decentralized scalability: kabat.substack.com/p/how-consensuโฆ
17/
๐ค๐๐ข๐๐จ๐ง๐จ๐ฆ๐ฒ ๐๐ฉ๐๐๐ญ๐๐ฌ:
$BICO live on @FantomFDN Opera's one and only hybrid AMM @beethoven_x ๐
Ever wondered what's a relayer network?
We've got a super-easy-to-digest take on Relayers๐
๐ค๐๐ข๐๐จ๐ง๐จ๐ฆ๐ฒ ๐๐ฉ๐๐๐ญ๐๐ฌ:
$BICO live on @FantomFDN Opera's one and only hybrid AMM @beethoven_x ๐
https://twitter.com/biconomy/status/1557226687666229248
Ever wondered what's a relayer network?
We've got a super-easy-to-digest take on Relayers๐
https://twitter.com/biconomy/status/1557347228809068544
18/
The @gitcoin Money Legos Hackathon is nearing its end, and we have $6,000 up for grabs in prizes for our very special bounties!
Don't miss out, anon๐
gitcoin.co/hackathon/moneโฆ
The @gitcoin Money Legos Hackathon is nearing its end, and we have $6,000 up for grabs in prizes for our very special bounties!
Don't miss out, anon๐
gitcoin.co/hackathon/moneโฆ
19/
What is composability, and why it is important for the #decentralized money legos?
BICO Glossary on composability๐
What is composability, and why it is important for the #decentralized money legos?
BICO Glossary on composability๐
https://twitter.com/biconomy/status/1558082720932057088
20/
Gasless minting is live on @0xPolygon with @NftyPlay
Why choose gas-optimized minting when you can literally skip the hustle with @biconomy Gasless relayers?
Its seamless UX at its best, check it out๐
biconomy.io/gasless-nft
Gasless minting is live on @0xPolygon with @NftyPlay
Why choose gas-optimized minting when you can literally skip the hustle with @biconomy Gasless relayers?
Its seamless UX at its best, check it out๐
biconomy.io/gasless-nft
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