Binance is planning to offer a crypto cloud mining product. The service will allow investors to rent crypto mining machines. Binance Pool will be buying hashrate from third parties. The cloud mining service will officially launch sometime next month.
Mastercard plans to help financial institutions offer cryptocurrency trading by acting as a bridge between Paxos and banks. Paxos is a crypto trading platform used by companies like PayPal. Mastercard and Paxos will handle regulatory compliance and security. Many consumers would like to enter into crypto but would rather test the waters through their existing banks. Mastercard will start test running the program in the first quarter of next year.
Ripple has deployed an EVM-compatible sidechain on the company's devnet. Developers can now test their apps before the network goes live. The EVM sidechain will become permissionless in early 2023. Ripple plans to fully launch the sidechain in the second quarter of next year.
Aptos Labs has launched its blockchain on mainnet. The blockchain was created by several ex-Meta employees. There isn't much to do yet on the blockchain as many teams are still developing their apps. Some developers think that the mainnet rollout was rushed. Aptos has a reported valuation of $2 billion.
Now that Chainlink has established market dominance for key services like Data Feeds, it is shifting its focus toward value capture and monetizing the network effect. Chainlink is increasing revenue and revenue opportunities for its service providers. Chainlink BUILD is a new program that allows projects to pay for oracle services and technical support using a portion of their native token supply. Chainlink SCALE allows blockchain projects to offset the operating costs of Chainlink oracle networks on their chain. Chainlink staking will increase security and participation in the network.
This article contains seven tips for getting better at Solidity. The tips include reading contracts on Etherscan, using tools to understand contracts, joining communities, and building and shipping real projects. Links to resources for further reading are available.
The co-founder of OffChain Labs Steven Goldfeder says that there won't be any zkEVM launches on mainnet before the end of the month. While one team claims that it is 12 days away from a product-ready zkRollup, their testnet still doesn't have zkproofs enabled and there have been no security audits. Many teams are making steady progress, but the technology is still not ready.
The Shandong testnet, the testnet for Ethereum's Shanghai upgrade, is now live. The Shanghai upgrade is projected to happen in 2023. It will include several Ethereum Improvement Proposals aimed at addressing some efficiency and scalability issues. The upgrade will also allow those who have staked ETH on the Beacon Chain to withdraw their stake and rewards. The final list of proposals that will be considered for inclusion in the Shanghai upgrade won't be finalized for a while.