TLDR Crypto Daily Update 2022-10-18

Aptos launches πŸš€, Ethereum's next upgrade Ξ, Binance mining ⚑

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Markets & Business

Mastercard will help banks offer cryptocurrency trading (2 minute read)

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.

Binance to Launch Cloud Mining Business in November (2 minute read)

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.
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Innovation & Launches

Aptos Debuts Its Blockchain, Putting Millions in VC Dollars to the Test (2 minute read)

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.

Ripple Begins Testing XRP Ledger Sidechain That’s Compatible With Ethereum Smart Contracts (1 minute read)

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.
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Guides & Resources

In this 🧡 I’ll break down how $LINK is rapidly evolving to become a productive asset that captures real value (6 minute read)

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.

How to get better at Solidity (4 minute read)

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.
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Miscellaneous

Arbitrum Founder Dismisses Launch of First Mainnet zkEVM (1 minute read)

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 Next Major Ethereum Upgrade, Shanghai, Now Has a Testnet (2 minute read)

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.

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Quick Links

SEC vs BAYC? Here’s What Legal Experts Say It Means for NFTs (7 minute read)

The investigation of Yuga Labs by the SEC confirms that the government may be seeking to regulate the NFT industry as a securities market.

Why is a decentralised blue check better than a centralised version? (3 minute read)

web3 verified identities can be transferred across different platforms as long as they use the same standard.

Fractal Scaling (9 minute read)

The true bottleneck in the blockchain space is novel applications as there is currently plenty of empty blockspace with no demand.

Coinbase Threatens to Sue Crypto Traders Who Profited From Pricing Glitch (4 minute read)

A third party glitch resulted in an arbitrage opportunity for 1,000 Coinbase users in the republic of Georgia.

Inside a Social DAO: How an Online Community Becomes a Digital City (8 minute read)

This article talks about the Friends with Benefits DAO and how the community came together to create an offline town.

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