Cardano Rumor Rundown November 4, 2021

Hey Everyone!

Let's go...

Newly covered today:

1. The Plutus Application Backend integration process has begun! https://twitter.com/InputOutputHK/status/1455905122802864138
2. Pavia has revealed proposals for parcel size in their metaverse. https://twitter.com/Pavia_io/status/1455915006395101188
3. Mark Stopka takes everyone to school on how “pool extractable value” can still be a thing in Cardano if dApp Developers don’t plan for designs that prevent it. https://youtu.be/0VloKsDjW70

Previously Covered but still interesting:

1. DIGI tweets out a great infographic explaining how Hydra layer two solution works. https://twitter.com/DIGI_StakePool/status/1440322046869737482
2. Senators Lummis & Sinema are planning to introduce a bill for responsible innovation in crypto. Caitlin Long says it will focus on (1) definitions to clarify regulatory jurisdiction, (2) consumer protection, (3) digital asset custody requirements https://twitter.com/CaitlinLong_/status/1440327869293465600
3. The Hoskinson Center for Formal Mathematics has been established at Carnegie Mellon. Given the blockchain activity at the university it seems like the Cardano founder having ties there can’t really hurt us. https://twitter.com/IOHK_Charles/status/1440443081183019017
4. dcSpark is launching a new wallet called Flint that will be able to interact with Cardano dApps. https://youtu.be/dDwuwVR75HU https://twitter.com/SebastienGllmt/status/1440659191731945482
5. The AWS Exec has clarified his tweet about the Cardano Summit to express that people shouldn’t read too much into it. https://twitter.com/theCOTIinvestor/status/1440662585309745152
6. There’s a fresh blog and video on the Cardano Smart Contract Certification standards and new Plutus dApp Store. https://twitter.com/timbharrison/status/1440799199684022283
7. Apparently RuntimeVerification is now in the Cardano audit business! This is awesome to see! We’’ll take some NASA mission-critical level auditing for our ecosystem’s projects. https://twitter.com/SundaeSwap/status/1441077920215310343
8. The Summit Agenda is now out. https://summit.cardano.org/agenda
9. dcSpark’s new open source project Fracada will allow you to fractionalize NFTs. https://twitter.com/dcspark_io/status/1441043274911866880
10. dcSpark has released Fracada which is an open source Plutus dApp for fractionalizing NFTs. https://twitter.com/SebastienGllmt/status/1443011920349462533
11. The Wall Street Journal runs a Cardano 101 type video on their main youtube channel. https://www.youtube.com/watch?v=GBKnEZYCkTo
12. Senator Toomey and SEC Chair Powell have an interesting exchange about how a US CBDC should be formulated and how it should be sharing the space with private cryptos. https://www.youtube.com/watch?v=-46kqEn6JLc
13. As promised at the Cardano Summit, Emurgo has already made seed investments into Milkomeda from dcSpark, Adanian Labs, & ADAverse. https://twitter.com/emurgo_io/status/1442210147405684745
14. The ecosystem map continues getting bigger and bigger (Sept 29). https://twitter.com/seal_kiman/status/1441418051237425153/photo/1
15. dcSpark has dropped a new video explaining Fracada and the future of NFTs. https://www.youtube.com/watch?v=8FvKUlh7Fs8&t=4s
16. The CFTC hits Kraken with a $1.25 Million fine for it’s margin products. Cardano DeFi projects planning to offer some kind of margin trading take note. https://www.cftc.gov/PressRoom/PressReleases/8433-21
17. In late 2008/early 2009 it turns out Hal Finney was learning Haskell and trying to figure out how to reduce C02 emissions from a (future) widely used Bitcoin. That sounds a lot like Cardano. https://twitter.com/seal_kiman/status/1443593563846193155
18. Adam Dean gives us a great post-mortem on the network load created yesterday by the NFT drop(s). https://twitter.com/adamKDean/status/1443599818845081600
19. Wow! It’s looking like Meld has landed a partnership with a mobile provider in Nigeria with nine million customers. Not many details out at this point (Sept 30). But, that certainly sounds like it could be gigantic. https://twitter.com/MELD_labs/status/1443548879966949382
20. Two factor authentication via SMS once again turns out to be a bad bet. https://bitcoinmagazine.com/business/hackers-rob-thousands-coinbase-customers-sms-mfa-flaw
21. Grayscale releases a report on Cardano which shocks many due to its (actually) fair reporting. https://twitter.com/Grayscale/status/1443625454146097152 https://twitter.com/cardano_whale/status/1443786596721967104
22. The Wall Street Journal has dropped a video on stablecoins. A lot of the video surrounds the Tether dollar reserve controversy. It’s notable that Cardano’s Djed solves this. https://www.wsj.com/articles/biden-administration-seeks-to-regulate-stablecoin-issuers-as-banks-11633103156
23. The Biden Administration has announced they are investigating the prospect of regulating stablecoin providers like banks. https://markets.businessinsider.com/news/currencies/stablecoin-regulation-cryptocurrency-banks-biden-treasury-bitcoin-circle-tether-binance-2021-10
24. Cardano users on twitter piece together that Charles was talking about visiting u/Pezesha_Africa (in regard to microfinance) in Kenya. This is big because Pezesha operates in countries with a combined population of over $300MM. https://twitter.com/thr33strikes/status/1444898320070086659
25. Crypto twitter users try to depict US Whitehouse comments out of context to fuel an economic doom narrative. However, if you listen to the whole press briefing, you will understand that these comments were based on a “what if” scenario involving the US debt ceiling somehow not being raised. https://twitter.com/100trillionUSD/status/1445059673401528328
26. The so-called “Pandora Papers” reveal globally widespread cases of wealth concealment by public officials and bring up the question of whether blockchains like Cardano should take this into account when dealing with nation-state regimes as partners. https://www.icij.org/investigations/pandora-papers/
27. Remember! There is no mobile Daedalus wallet. There is no browser extension version of Daedalus. These are fakes! They will steal your ADA. https://twitter.com/InputOutputHK/status/1445380773096398853
28. A human readable address project is launching on Cardano on Saturday at 4pm UTC.https://medium.com/ada-handle/creating-a-fair-beta-launch-discord-community-is-live-7f580cd98235
29. Brazil is looking to follow the El Salvador example and accept crypto as legal tender with a new bill to be voted within days. While the crypto in question is BTC and not ADA, we can hope that the biggest market cap project is just our gateway drug. https://finance.yahoo.com/news/bitcoin-set-become-legal-payment-154644863.html
30. The “Zombie Lobster” collaboration between Charles Hoskinson and Paul Oakenfold is actually getting coverage by the EDM media outlets! https://edm.com/news/paul-oakenfold-album-cardano-blockchain
31. Sounds like we are getting close to the Cardano Summit NFT winners being announced. It’s still unclear how many actual winners there will be. https://twitter.com/InputOutputHK/status/1445672250435248131
32. dcSpark releases some mockups from the experimental version of its upcoming Flint Wallet. The mockups seem to indicate that the wallet will allow for dApp interaction from hardware wallets. https://twitter.com/FlintWallet/status/1444902727956508674
33. Charles is interviewed in the Harvard International Review. https://hir.harvard.edu/charles-hoskinson-1/
34. We now have a PAB (Plutus Application Backend) pre-release. Hopefully that means PAB soon! https://twitter.com/matiwinnetou/status/1446589902674665473
35. The Biden Administration has revealed that it is considering an executive order to establish a government wide approach to crypto regulation. https://www.bloomberg.com/news/articles/2021-10-08/white-house-weighs-wide-ranging-push-for-crypto-oversight
36. The New York Times is now talking about the difficult balancing act the Fed has before it with high inflation and less than promising jobs data creating conflicting priorities. https://www.nytimes.com/2021/10/08/business/economy/fed-jobs-full-employment-inflation.html
37. Representative Tom Emmer clashes with SEC Head Gensler over the direction of crypto regulation. However, it’s unclear how much Rep. Emmer’s solution (his Securities Clarity Act bill) would solve the problem given that it only relieves issuers of securities regulation burdens after they have already complied with the “registration or exemption” hurdle. https://twitter.com/RepTomEmmer/status/1445465912375590913 https://emmer.house.gov/2021/7/emmer-introduces-legislation-to-provide-certainty-for-digital-assets-under-securities-law
38. Caitlin Long revisits the articles she wrote years ago about fears of circulation credit in crypto markets. Spoiler: it came and crypto did it to itself. https://twitter.com/CaitlinLong_/status/1446874905241210880
39. COTI is a licensed payment institution in Singapore. This could get very interesting given their status as the issuer of Djed and the ongoing Monetary Authority of Singapore Blockchain Challenge in which Cardano is a finalist. https://cotinetwork.medium.com/coti-lists-as-a-payment-institution-in-singapore-666c6fcaaab4
40. Goldman says Evergrande is nothing compared to the potential $8.2 Trillion problem with local government financing vehicles in China. https://www.forbes.com/sites/williampesek/2021/09/30/goldman-flags-82-trillion-threat-worse-than-china-evergrande/?sh=3296c9d515cc https://www.wsj.com/articles/beyond-evergrande-chinas-property-market-faces-a-5-trillion-reckoning-11633882048
41. Cardano isn’t wrong about Africa. It’s just first. Google is investing $1 Billion in African internet access over the next five years. https://techcrunch.com/2021/10/06/google-confirms-1b-investment-into-africa-including-subsea-cable-for-faster-internet/ https://twitter.com/ghostchainer/status/1445964578257395714
42. SEC Commissioner Hester Peirce (cryptomom) delivers an opinion piece that investors should be allowed to make their own decisions without SEC paternalism. https://www.cnn.com/2021/10/11/perspectives/sec-commissioner-investors-regulators/index.html
43. COTI has another AMA that reveals there may be more news soon for Djed. https://twitter.com/theCOTIinvestor/status/1447546724868935684
44. Heads up: scammers are posing as Yoroi support staff! https://twitter.com/YoroiWallet/status/1446554949782016009
45. Catalyst Fund 6 has 711 projects on the ballot! https://twitter.com/InputOutputHK/status/1448015757216976903
46. Coinbase is launching an NFT market. How will this impact the CNFT scene? Coinbase tells us: “...initial launch will support Ethereum based ERC-721 and ERC-1155 standards with multi-chain support planned soon after.” https://blog.coinbase.com/coinbase-nft-is-coming-soon-join-the-waitlist-today-for-early-access-cc7bac29fd72 https://www.cnbc.com/2021/10/12/coinbase-is-launching-a-marketplace-for-nfts.html
47. Eric Rosengren (who recently left the Boston Fed) let’s us know that the Fed/MIT CBDC project is pretty far along and will release a working paper soon. This would obviously be impactful for all of crypto and for Cardano. https://youtu.be/ivqFo9C2Jdo?t=409
48. The first project that actually looks like it may one day be a virtual world launches on Cardano and it already has a community built parcel explorer. https://pavia.luiscarlos.pt/
49. SEC Commissioner Hester Peirce (cryptomom) gave a polite but scathing speech at the Texas Blockchain Summit where she laid bare all the problems with the SEC’s current approach to crypto. After her recent opinion piece and this speech, it’s fair to say that she and SEC Chairman Gensler are in open war over crypto. How this gets resolved will determine the regulatory landscape for Cardano and all of crypto going forward. Sadly, Gensler is in charge and not vice versa. https://twitter.com/HesterPeirce/status/1448011388841037830 https://www.sec.gov/news/speech/peirce-2021-10-08
50. The Fed may begin tapering it’s Treasury and mortgage backed securities purchases in mid November. This is relevant for the whole economy including crypto. https://www.cnbc.com/2021/10/13/federal-reserve-releases-minutes-from-its-september-policy-meeting.html
51. Sounds like the Milkomeda sidechain is making good progress. https://twitter.com/NicoArqueros/status/1448447729689059332
52. Apparently, Putin kind of accepts that crypto might choose to exist. https://www.bloomberg.com/news/articles/2021-10-14/putin-defends-cryptocurrencies-amid-global-regulation-push
53. Don’t forget: today (Oct 15) is the October Mid-Month Development Update! https://twitter.com/InputOutputHK/status/1448715241961963520
54. Sounds like Binance was not allowing ADA withdrawals for some period of time. https://twitter.com/Katsumoto87/status/1449723293632634882
55. The Cardano Africa Tour has commenced with Charles popping up in South Africa. https://twitter.com/IOHK_Charles/status/1449304264849993731
56. We got a nice Triple H update from Harrison/Hemsley/Hammond joined by Jan Müller in the October mid-Month Dev Update. We learned that we’ll have a maintenance upgrade toward the end of October and then PAB a few weeks later. This is extremely important since it will finally allow for the last bits of dApp buildout. The PAB is already available on the tesnet. The test dApp the team is using is an NFT marketplace. The team is watching as we see high loads around events like NFT drops. But, the network is reacting as expected. https://www.youtube.com/watch?v=XzdTyV5Jejc
57. Here’s video of the Fireside chat with Charles, Dynal Patel, and John O’Connor at the Cape Innovation & Technology Initiative in South Africa. https://www.youtube.com/watch?v=vmuJFc5Qrr4&t
58. A brief update dropped from Charles this morning in Africa. https://twitter.com/IOHK_Charles/status/1450124410095030280
59. Duncan & Sebastien have an interesting discussion on Github that fuels Cardanophobia on the part of ETH maximalists about three weeks later. https://github.com/input-output-hk/cardano-node/issues/3247
60. The Cardano Foundation is changing its delegation strategy. They will go from primarily delegating to promote decentralization to a new framework focused on delegating to promote ecosystem buildout. https://forum.cardano.org/t/cardano-foundations-new-delegation-methodology-supporting-the-architects-of-the-future/79594
61. Shahaf Bar-Geffen gives us some more details about the Djed launch. He says IOHK is doing the coding and COTI is doing the business side. https://www.youtube.com/watch?v=dlPmIgJ0tE0
62. In the Cap Innovation & Technology Initiative Fireside Q&A, Charles mentioned he is talking to Colossol Labs about the possibility of having the Mammoth DeExtinction Project take place on his bison ranch. There are probably some obvious NFT or tokenization use cases there. https://colossal.com/mammoth/ https://www.youtube.com/watch?v=vmuJFc5Qrr4
63. Three U.S. Senators ask Facebook to discontinue its Novi crypto wallet which just launched. https://www.theverge.com/2021/10/19/22735171/facebook-novi-diem-libra-calibra-cryptocurrency-digital-wallet-zuckerberg-senate https://techcrunch.com/2021/10/19/facebook-scales-back-its-crypto-ambitions-once-again/
64. There’s a new Frederik Gregaard interview out. https://www.youtube.com/watch?v=uJdRAclhL0Q
65. People are buying luxury real estate in Portugal with Cardano. https://twitter.com/danny_cryptofay/status/1451113239669092356
66. Over 292,000 votes were cast in Catalyst Fund 6. https://twitter.com/InputOutputHK/status/1451269575140589577
67. IOHK announces a partnership with Bondly to create an NFT bridge so that users can move their non-fungible tokens back and forth between Cardano and Ethereum. https://twitter.com/InputOutputHK/status/1451251954496180229
68. Interesting small thread on how further stumbles by the Chinese economy could affect the global economy which in turn might impact crypto and Cardano. https://twitter.com/i/events/1452290004433125378
69. Here’s a very nice overview of the Maladex Whitepaper by ADA Whale that breaks down the hidden strengths of eUTxO for DeFi including programmable swaps composability. https://twitter.com/cardano_whale/status/1451835809913470986
70. The Cardano ecosystem maps are getting so big and dense that they can’t even display logos for the projects anymore. https://twitter.com/Meapool1/status/1450576470133379072/photo/1
71. There is a report that unstaked ADA is at an all time low of under 8MM ADA. https://twitter.com/IbanxStaking/status/1451944344294883331
72. Check out this medium article explaining the validator underlying the Spacebudz Market. It’s very elegantly and concisely explained if you have no Haskell/Plutus understanding. It’s even more interesting if you have a tiny bit of understanding of Haskell. https://spacebudz.medium.com/spacebudz-market-71e79d1bbf34
73. Atala Prism named a top 50 Most Influential Project by PMI. https://twitter.com/IOHKMedia/status/1452544441005248514
74. Pavia Game Jam is coming. It sounds like they are looking to hire some Unity (game engine) developers and 3D artists. This produce interesting results in a few years. https://twitter.com/Pavia_io/status/1451596816659763213
75. Charles is releasing some images of meetings with heads of state on his Africa tour. https://twitter.com/IOHK_Charles/status/1452671287977971726 https://twitter.com/IOHK_Charles/status/1452672734580838409/photo/2
76. There is currently ongoing discussion about the possibility of unexpected tax liability from participation in even Fair Initial Stake Pool Offerings where there are accompanying Initial Dex Offerings. There is even discussion about the potential of exploits that could amplify this unexpected tax liability for all participants. https://twitter.com/mikerogero/status/1452502065381404675 https://medium.com/@mikerogero/tax-implications-of-the-minswap-ido-on-fiso-delegators-and-the-cardano-community-4db219ea8932
77. We now have a memorandum of understanding with Burundi! https://twitter.com/jjtoconnor/status/1453087264461017092
78. Fans of certain other Gen 3 blockchains are still getting hilariously worked up when they are confronted with the Messari chart on massive VC ownership of their blockchains. https://twitter.com/TamaraHaasen/status/1452924338047496193
79. The new IOG stake pool delegations are out. https://twitter.com/InputOutputHK/status/1453041459477819398
80. Cardano Fans is putting out some really good pieces posed as “Conversations with a Junior Blockchain Developer”. Very educational on the technical advantages of Cardano over other Gen 3 blockchains. https://twitter.com/matiwinnetou/status/1452911202913464328
81. ETH based platforms are still not faring well at NOT losing the money of users. https://twitter.com/Swag_Stakepool/status/1453392923672915968
82. dcSpark is making progress on the Milkomeda sidechain. ADA transitions from Cardano testnet to Milkomeda testnet now working. https://twitter.com/Milkomeda_com/status/1453421947157716992
83. The stark differences between being a validator on ETH and a Cardano validator are once again put on full display. https://twitter.com/evan_van_ness/status/1453133337334272000
84. There’s a new Djed explainer video out now from IOHK. https://www.youtube.com/watch?v=5-Ozaf_aGNM&t=1s
85. Cardano 360 October Edition is now out and available! https://youtu.be/R0s3lPG8XDw
86. The crypto time traveler is back after many months of being gone (i.e. purportedly being in the future). His first prediction after returning was about big news and a crown which was later revealed to concern the health of the Queen. His second prediction was about Cardano and gigantic success. https://twitter.com/CryptoTimeTrav2/status/1452827679300849670
87. Charles was at the Ethiopian Ministry of Education today. He reports that the onboarding of the five million students is on track. https://twitter.com/IOHK_Charles/status/1453697314187534343
88. The Ministry of Finance of Ethiopia has posted pics of the Cardano team meeting with them! This is an interesting turn of events. The ministry posted about a “readiness to incorporate avant-garde technology in areas of #Agri Tech, logistics, and digitization”. https://twitter.com/MoF_Ethiopia/status/1453717850766540808
89. There is a new IOHK blog entry on Mithril. https://iohk.io/en/blog/posts/2021/10/29/mithril-a-stronger-and-lighter-blockchain-for-better-efficiency/
90. You might have missed this IOHK blog entry on how dApp certification will be incorporated into the new light wallet (I know I did). https://iohk.io/en/blog/posts/2021/10/25/new-certification-levels-for-smart-contracts-on-cardano/
91. The Cardano dApp Store is looking like it’s going to be amazing. Curation & certification without gatekeeping is a great solution to preserve decentralization and maintain censorship resistance. https://summit.cardano.org/sessions/redefining-dapp-discovery-bringing-dapps-to-the-mass-market
92. There’s also a new update on Crypto Bisons! https://iohk.io/en/blog/posts/2021/10/28/buffalo-soldiers-march-to-the-heart-of-the-blockchain/
93. Charles released a new AMA from Ethiopia! https://www.youtube.com/watch?v=L5au7JEPMaM
94. The U.S. President’s Working Group on Financial markets has published its Stablecoin Report. No surprise: they want to regulate stablecoin issuers as insured depository institutions with federal supervisors and to curtail their affiliation with commercial entities. They also want to curtail such affiliations for custodial wallet providers. https://home.treasury.gov/system/files/136/StableCoinReport_Nov1_508.pdf
95. It turns out there are some big chain reorg vulnerabilities in ETH 2.0. https://arxiv.org/pdf/2110.10086.pdf But, maybe ETH has already got fixes planned? https://twitter.com/casparschwa/status/1450785316865024000
96. A partnership among World Mobile, IOHK, and Zanzibar has been announced! It’s a five year plan that focuses on education, eGov solutions, the Blue Economy (sustainable fisheries), replicating the Blue Economy model in tourism | agriculture | & telecommunications. https://worldmobile.io/blog/post/partnering-with-zanzibar-blockchain-hub/
97. Alessandro has a great idea (multi-sig) to improve NFT drops over his original model that is now used by pretty much everybody! This would help mitigate the hassle of refunds and reduce some congestion. https://twitter.com/berry_ales/status/1455473647934742530
98. It feels crazy that we have over 2 million Cardano wallets out there these days. Our small ecosystem has become a gigantic one. https://datastudio.google.com/u/0/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/k5r9B

~Army of Spies