TLDR Crypto Daily Update 2022-11-02

Coinbase supports Ripple 📜, India launches CBDC 🇮🇳, how Bitcoin differs from whitepaper 🪙

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Markets & Business

Art Gobblers Spikes to 5,000 ETH in Volume as NFT Collectors Pile In (1 minute read)

Art Gobblers is an NFT project from Rick and Morty co-creator Justin Roiland. The project immediately became one of the hottest collections of the month as soon as it started minting on Monday. Its trading volume was already at 5,000 ETH by early Tuesday, making it the second-most sold collection in the preceding seven days.

Coinbase Files to Support Ripple Against SEC Case (2 minute read)

Coinbase has petitioned a federal court for permission to file a friend of the court brief in the ongoing lawsuit between the US SEC and Ripple Labs. The SEC is suing Ripple on allegations that it sold XRP as an unregistered security. Coinbase's petition highlights the fact that the regulator has not provided clear guidance to businesses. It also argues that the SEC has been inconsistent with its enforcement, creating uncertainty for companies in the sector.
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Innovation & Launches

FTX Adds a New Feature to Send Crypto via Email and Phone Number (2 minute read)

FTX users can now send cryptocurrencies or dollars to anyone with just an email or phone number. Recipients who don't have crypto wallets will have to sign up to FTX and verify their identity to claim their funds. Funds will be returned to the sender if the receiver doesn't pass the compliance check or if the email or phone number details are incorrect.

India rolls out its digital rupee pilot (2 minute read)

The Reserve Bank of India launched a Central Bank Digital Currency pilot on November 1. Several banks will now be able to use the asset for settling second-market transactions in government securities. The retail version of the CBDC is expected to go live sometime this month. Crypto continues to remain in the gray area in the country.
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Guides & Resources

Aave's Stani Kulechov: What Sets Our GHO Stablecoin Apart (3 minute read)

Aave V3 will be ready for the Ethereum mainnet in the coming weeks. There is no set release date yet for GHO. GHO is different from other major stablecoins because DeFi makes it more accessible. Aave is deployed on Ethereum, Polygon, Avalanche, Optimism, and Arbitrum. The layer 2 implementations radically decrease the cost of transacting.

Here’s a thread on things that work differently in Bitcoin today than they were outlined 14 years ago (3 minute read)

The Bitcoin White Paper was released 14 years ago. This Twitter thread highlights five things that work differently to how the white paper outlined them. Nodes no longer follow the longest chain. A Bitcoin is not defined as a chain of digital signatures. Pruning and alerts were never implemented. Transactions can have hundreds of outputs.
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Miscellaneous

Early MakerDAO Developer and Stablecoin Pioneer Found Dead in Puerto Rico (2 minute read)

Nikolai Mushegian, an early developer of MakerDAO, was found dead on Friday in San Juan, Puerto Rico. The 29-year-old man was reportedly dragged by water currents close to the beach. His body was retrieved but there were no vital signs. The area is known for its dangerous currents. Mushegian's final tweet prompted speculation about his mental health and the circumstances of his death.

Kraken wants its own crypto social network (2 minute read)

Cryptowatch, a Kraken subsidiary, has launched Cryptowatch Social, a social media service targeted towards crypto users and enthusiasts. The company is building an all-in-one mobile app where users can watch markets, manage their portfolios, and learn from each other. Its app currently allows users to check prices, make trades on multiple exchanges, and analyze market trends. Cryptowatch Social features live idea feeds, chart sharing, and livestreams.

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Chinese central bank exec says digital yuan will offer ‘controllable anonymity’ (2 minute read)

Users will be able to make anonymous transactions up to a certain amount through specialized e-wallets.

Lightning Network releases emergency update after critical bug on LND nodes (3 minute read)

The critical bug, the second critical bug experienced by the Lightning Network in less than a month, caused some LND nodes to stop syncing.

Stepn’s New Solana, Ethereum NFT Marketplace Bucks Anti-Royalties Trend (4 minute read)

MOOAR charges a $29.90 monthly subscription fee and it enforces creator-set royalties.

DeFi Protocol Voltz Opens Door for Passive Traders With Liquidity Optimizer Vault (2 minute read)

Traders will now be able to earn passive liquidity provider returns without the risk of impermanent loss.

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