TLDR Crypto Daily Update 2022-07-15

OpenSea lays off 20% ๐ŸŒŠ, Coinbase market share tumbles ๐Ÿ“‰, Vitalik on Network States ๐ŸŒ

DIY: Create Bitcoin Buy and Sell Alerts with InfluxDB and Telegraf (Sponsor)

Volatility in crypto markets got you on edge? With an automated alerting system, you can preserve your sanity and only pay attention to Bitcoin when price action is interesting. Learn how you can use InfluxDB and Telegraf to track prices, find trading signals, and set alertsโ€”read the step-by-step tutorial.
๐Ÿ“ˆ
Markets & Business

Uniswap Token Rallies After Being Added to Robinhoodโ€™s Crypto Trading Menu (1 minute read)

Uniswap's UNI token surged nearly 20% after Robinhood added the token to its platform. UNI boasts a market capitalization of about $4.7 billion. Robinhood now offers a total of 13 crypto assets.

Giant NFT marketplace OpenSea lays off about 20 percent of its staff (2 minute read)

OpenSea is laying off around 20% of its employees. The company notified affected employees directly in person before announcing the layoffs. It provided generous severance, healthcare for the rest of the year, job placement assistance, and accelerated equity vesting for laid-off employees. OpenSea has had a string of recent issues that have affected its business on top of the plummeting prices of crypto and many NFTs.
๐Ÿš€
Innovation & Launches

Ankr Networkโ€™s 2.0 upgrade aims to improve Web3 decentralization (1 minute read)

Ankr has introduced its Ankr Network 2.0 upgrade. The upgrade is aimed at transitioning blockchains into more resilient node networks. It enables the option to run an independent node, the ability to stake ANKR tokens on full nodes, and the Ankr DAO. An increase in the number of nodes and decentralization will help to eliminate single points of failure in the node infrastructure. It will also increase the network's ability to handle higher Remote Procedure Call request volumes and prevent failed requests. More details about what's in the new update are available in the article.

$30 Million Worth Decentralized Social Media Platform on the Way (1 minute read)

Farcaster is a project from a former Coinbase executive that seeks to merge social media with blockchain technology. It recently secured funding in a round led by Andreessen Horowitz. The network will allow anyone to connect with their Ethereum wallets, publish messages, and display NFTs as profile pictures. Users will be free to move their profiles across applications on the platform.
๐Ÿ’ก
Guides & Resources

Starkware just announced the StarkNet Token (2 minute read)

The StarkNet token will be used as a fee token, but automated and decentralized on-chain mechanisms will still be able to pay fees in ETH. It will be inflationary to prevent Bitcoin's fix-cap problem. A portion of fees and newly minted tokens will be continuously distributed to devs and operators. Some past users of permissioned StarkEx L2 systems, including dYdX, Immutable, DeversiFiLabs, and Sorare, will receive an airdrop.

Guide to Flow (6 minute read)

Flow is a protocol by Dapper Labs that aims to onboard mainstream users through the next generation of game, app, and digital asset developers. It features a multi-role architecture, resource-oriented programming, developer ergonomics, ease of consumer onboarding, low fees, and a storage deposit for creating accounts. This article introduces Flow and talks about how to participate in the network, the risks and rewards of participation, governance, and running Flow on Coinbase Cloud.
๐Ÿฆ„
Miscellaneous

DAOs as Digital Nation-States (6 minute read)

This article discusses how DAOs are more than just new forms of incorporation. It defines several fundamental legal categories and compares them with DAOs to show the deep incompatibility of legal constructs and DAOs. The article examines ways that DAOs can leverage legal tools without being ruled by them. Decentralization and DAOs are the best weapons against authoritarian forces bent on the elimination of privacy and freedom.

What do I think about network states? (35 minute read)

A network state is a social network with the capacity for collective action that crowdfunds territories and eventually gains diplomatic recognition from pre-existing states. Balaji Srinivasan recently released a new book describing his vision for network states. This article contains Vitalik Buterin's thoughts on the book and network states. It discusses whether network states are worth getting excited about, whether they should be tied together with blockchains and cryptocurrency, and what this vision of the world might be missing.

Keep Up With Crypto in Just 5 Minutes

Kepp Up With Crypto in Just 5 Minutes

Cut through the noise with our daily newsletter, get links and summaries of the newest innovations, tools, and launches in the crypto ecosystem

Join 120,000 readers for one daily email
โšก
Quick Links

Cryptocurrency flowing into โ€œmixersโ€ hits an all-time high. Wanna guess why? (3 minute read)

Funds from wallets belonging to government-sanctioned groups and criminal activity have almost doubled.

TinyERC721: A new standard in NFT gas optimization (6 minute read)

Imagine the impact on NFTs if ETH wasn't burned but instead was preserved as liquidity for the ecosystem.

Coinbase's Market Share Tumbles to Less Than 3% (1 minute read)

Coinbase is now likely out of the top 10 crypto exchanges based on average dollar volume.

Plaid Adds Crypto Account Data From Binance.US, Kraken, Gemini to Open Banking Platform (2 minute read)

Plaid can now show information such as balances, transactions, and assets held from the three exchanges.

Ethereumโ€™s Shadow Fork 9 Goes Live in Lead-Up to the Merge (2 minute read)

A shadow fork is a smaller test fork that focuses on one or two small changes.

Keep Up With Crypto in Just 5 Minutes

Kepp Up With Crypto in Just 5 Minutes

Cut through the noise with our daily newsletter, get links and summaries of the newest innovations, tools, and launches in the crypto ecosystem

Join 120,000 readers for one daily email
Links
Sponsor
About
Contact
Privacy
Terms 
Disclaimer
TLDR Media, LLC
515 W 18th St. Unit 621
New York, NY, 10011
TLDR Media, LLC
515 W 18th St. Unit 621
New York, NY, 10011