TLDR Crypto 2022-11-02

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 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.

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.

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.

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.

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.

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.

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.

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

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

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

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