Cardano Rumor Rundown November 2, 2021

Hey Everyone!

Let’s go…

Newly covered today:

1. Charles released a new AMA from Ethiopia! [](
2. The U.S. President’s Working Group on Financial markets has published its Stablecoin Report. No surprise: they want to regulate stablecoin issuers as insured depository institutions with federal supervisors and to curtail their affiliation with commercial entities. They also want to curtail such affiliations for custodial wallet providers. [](
3. It turns out there are some big chain reorg vulnerabilities in ETH 2.0. []( But, maybe ETH has already got fixes planned? [](

Previously Covered but still interesting:

1. Messari has updated its “Initial Token Distribution” chart to include a previously missing project and Cardano is still among the very best in the Gen 3 space in terms of broad public coin ownership. [](
2. After lots of criticism of Cardano layer 2 possibilities by ETH maximalists, Vitalik has ironically announced that ETH NFTs need to be moved to layer 2. [](
3. We seem to already have at least five projects who have worked out their approach to eUTxO concurrency. []( [](
4. Here’s the tweet with the link for the Alonzo smart contract launch watch party tomorrow (Sept 12) at 21:30 UTC. This is going to be fun! Enjoy it, guys! [](
5. A Weiss Crypto analyst calls the smart contract launch an alleged event and also doesn’t realize we already have NFTS. The Cardano community was quick to correct the analyst. Weiss was then also quick to apologize. []( [](
6. There is still the mystery of the lobster. Will it end up being connected to a fun smart contract to be launched tomorrow by IOHK? [](
7. Over 100 smart contracts are already running on Cardano Mainnet! [](
8. One of Cardano’s biggest competitors is once again suffering network problems. This time it started out as just being characterized as (more) “instability”, then they started saying that something had caused the blockchain to “start forking”. This followed their September 2 “instability” and “performance degradation” event. It’ll be interesting to see how well their community tolerates this in the future if it’s happening with their planned slashing model in effect. []( []( [](
9. The Cardano Foundation subtly hints (okay just straight up says) it has some mindblowing partnerships to announce at the Cardano Summit. [](
10. Gary Gensler says that there are probably many tokens traded on Coinbase that are securities. [](
11. Looks like Cardano Summit segments are being recorded and completed. [](
12. In macro news that could impact Cardano & all of crypto, it has been announced that China’s Evergrande Group will not be able to make interest payments on its loans in a few days.[]( [](
13. It looks like we’ll get some news about further collaboration with Baia’s Wine of Georgia at the Cardano Summit. [](
14. Now one of Cardano’s most highly visible critics is implying that the Cardano community has something in common with anti-vaxxers. Unfortunately for him, it was one of his pet blockchains that was down a few days ago while Cardano just kept healthily trucking right along. [](
15. Cardano is still crushing it in terms of daily transaction volume. [](
16. We might have gotten a peek at the virtual world that will be part of the Cardano Summit this month. [](
17. Smaug gives us a rundown of how many actual Plutus scripts (19)are running on mainnet vs. timelock scripts (21k) as of Sept 17 and explains simple definitions for both. But, he also mentions down below how many Plutus scripts (213) are reportedly running on “the main testnet” not counting “other Alonzo testnets”. [](
18. The weekly IOHK development update is out for Sept 17. [](
19. Now the TX and NJ state securities regulators are after Celsius for crypto loans (BlockFi already got this treatment). Cardano loan projects should probably take note. []( [](
20. After the Senate hearing on Tuesday September 14th, Gary Gensler (SEC Chairman) gave a quote to a crypto publication indicating that custodial lending and possibly even staking platforms might be considered securities. This is very relevant for Cardano since it has non-custodial staking whereas many of its competitors have the kind of custodial staking that Gensler may have been contemplating. [](
21. New IOHK blog entry on Hydra (Sept 17)! [](
22. It looks like we may get an announcement of a new Cardano/COTI product at the Summit. [](
23. We’re inching closer to the 500 votes required to name the lobster. [](
24. Here’s a great description from Sebastien on where ADA staking rewards come from. [](
25. Apparently the SEC is now serving crypto people at crypto conferences. Gensler is getting serious. []( [](
26. Accusations of wash trading surface in the Cardano NFT scene. [](
27. Christine Lagarde (European Central Bank President) goes on the offensive and tries to tell the world that cryptocurrencies are not currencies. [](
28. DIGI tweets out a great infographic explaining how Hydra layer two solution works. [](
29. Senators Lummis & Sinema are planning to introduce a bill for responsible innovation in crypto. Caitlin Long says it will focus on (1) definitions to clarify regulatory jurisdiction, (2) consumer protection, (3) digital asset custody requirements [](
30. The Hoskinson Center for Formal Mathematics has been established at Carnegie Mellon. Given the blockchain activity at the university it seems like the Cardano founder having ties there can’t really hurt us. [](
31. dcSpark is launching a new wallet called Flint that will be able to interact with Cardano dApps. []( [](
32. The AWS Exec has clarified his tweet about the Cardano Summit to express that people shouldn’t read too much into it. [](
33. There’s a fresh blog and video on the Cardano Smart Contract Certification standards and new Plutus dApp Store. [](
34. Apparently RuntimeVerification is now in the Cardano audit business! This is awesome to see! We’’ll take some NASA mission-critical level auditing for our ecosystem’s projects. [](
35. The Summit Agenda is now out. [](
36. dcSpark’s new open source project Fracada will allow you to fractionalize NFTs. [](
37. dcSpark has released Fracada which is an open source Plutus dApp for fractionalizing NFTs. [](
38. The Wall Street Journal runs a Cardano 101 type video on their main youtube channel. [](
39. Senator Toomey and SEC Chair Powell have an interesting exchange about how a US CBDC should be formulated and how it should be sharing the space with private cryptos. [](
40. As promised at the Cardano Summit, Emurgo has already made seed investments into Milkomeda from dcSpark, Adanian Labs, & ADAverse. [](
41. The ecosystem map continues getting bigger and bigger (Sept 29). [](
42. dcSpark has dropped a new video explaining Fracada and the future of NFTs. [](
43. The CFTC hits Kraken with a $1.25 Million fine for it’s margin products. Cardano DeFi projects planning to offer some kind of margin trading take note. [](
44. In late 2008/early 2009 it turns out Hal Finney was learning Haskell and trying to figure out how to reduce C02 emissions from a (future) widely used Bitcoin. That sounds a lot like Cardano. [](
45. Adam Dean gives us a great post-mortem on the network load created yesterday by the NFT drop(s). [](
46. Wow! It’s looking like Meld has landed a partnership with a mobile provider in Nigeria with nine million customers. Not many details out at this point (Sept 30). But, that certainly sounds like it could be gigantic. [](
47. Two factor authentication via SMS once again turns out to be a bad bet. [](
48. Grayscale releases a report on Cardano which shocks many due to its (actually) fair reporting. []( [](
49. The Wall Street Journal has dropped a video on stablecoins. A lot of the video surrounds the Tether dollar reserve controversy. It’s notable that Cardano’s Djed solves this. [](
50. The Biden Administration has announced they are investigating the prospect of regulating stablecoin providers like banks. [](
51. Cardano users on twitter piece together that Charles was talking about visiting [u/Pezesha_Africa]( (in regard to microfinance) in Kenya. This is big because Pezesha operates in countries with a combined population of over $300MM. [](
52. Crypto twitter users try to depict US Whitehouse comments out of context to fuel an economic doom narrative. However, if you listen to the whole press briefing, you will understand that these comments were based on a “what if” scenario involving the US debt ceiling somehow not being raised. [](
53. The so-called “Pandora Papers” reveal globally widespread cases of wealth concealment by public officials and bring up the question of whether blockchains like Cardano should take this into account when dealing with nation-state regimes as partners. [](
54. Remember! There is no mobile Daedalus wallet. There is no browser extension version of Daedalus. These are fakes! They will steal your ADA. [](
55. A human readable address project is launching on Cardano on Saturday at 4pm UTC.[](
56. Brazil is looking to follow the El Salvador example and accept crypto as legal tender with a new bill to be voted within days. While the crypto in question is BTC and not ADA, we can hope that the biggest market cap project is just our gateway drug. [](
57. The “Zombie Lobster” collaboration between Charles Hoskinson and Paul Oakenfold is actually getting coverage by the EDM media outlets! [](
58. Sounds like we are getting close to the Cardano Summit NFT winners being announced. It’s still unclear how many actual winners there will be. [](
59. dcSpark releases some mockups from the experimental version of its upcoming Flint Wallet. The mockups seem to indicate that the wallet will allow for dApp interaction from hardware wallets. [](
60. Charles is interviewed in the Harvard International Review. [](
61. We now have a PAB (Plutus Application Backend) pre-release. Hopefully that means PAB soon! [](
62. The Biden Administration has revealed that it is considering an executive order to establish a government wide approach to crypto regulation. [](
63. The New York Times is now talking about the difficult balancing act the Fed has before it with high inflation and less than promising jobs data creating conflicting priorities. [](
64. Representative Tom Emmer clashes with SEC Head Gensler over the direction of crypto regulation. However, it’s unclear how much Rep. Emmer’s solution (his Securities Clarity Act bill) would solve the problem given that it only relieves issuers of securities regulation burdens after they have already complied with the “registration or exemption” hurdle. []( [](
65. Caitlin Long revisits the articles she wrote years ago about fears of circulation credit in crypto markets. Spoiler: it came and crypto did it to itself. [](
66. COTI is a licensed payment institution in Singapore. This could get very interesting given their status as the issuer of Djed and the ongoing Monetary Authority of Singapore Blockchain Challenge in which Cardano is a finalist. [](
67. Goldman says Evergrande is nothing compared to the potential $8.2 Trillion problem with local government financing vehicles in China. []( [](
68. Cardano isn’t wrong about Africa. It’s just first. Google is investing $1 Billion in African internet access over the next five years. []( [](
69. SEC Commissioner Hester Peirce (cryptomom) delivers an opinion piece that investors should be allowed to make their own decisions without SEC paternalism. [](
70. COTI has another AMA that reveals there may be more news soon for Djed. [](
71. Heads up: scammers are posing as Yoroi support staff! [](
72. Catalyst Fund 6 has 711 projects on the ballot! [](
73. Coinbase is launching an NFT market. How will this impact the CNFT scene? Coinbase tells us: “…initial launch will support Ethereum based ERC-721 and ERC-1155 standards with multi-chain support planned soon after.” []( [](
74. Eric Rosengren (who recently left the Boston Fed) let’s us know that the Fed/MIT CBDC project is pretty far along and will release a working paper soon. This would obviously be impactful for all of crypto and for Cardano. [](
75. The first project that actually looks like it may one day be a virtual world launches on Cardano and it already has a community built parcel explorer. [](
76. SEC Commissioner Hester Peirce (cryptomom) gave a polite but scathing speech at the Texas Blockchain Summit where she laid bare all the problems with the SEC’s current approach to crypto. After her recent opinion piece and this speech, it’s fair to say that she and SEC Chairman Gensler are in open war over crypto. How this gets resolved will determine the regulatory landscape for Cardano and all of crypto going forward. Sadly, Gensler is in charge and not vice versa. []( [](
77. The Fed may begin tapering it’s Treasury and mortgage backed securities purchases in mid November. This is relevant for the whole economy including crypto. [](
78. Sounds like the Milkomeda sidechain is making good progress. [](
79. Apparently, Putin kind of accepts that crypto might choose to exist. [](
80. Don’t forget: today (Oct 15) is the October Mid-Month Development Update! [](
81. Sounds like Binance was not allowing ADA withdrawals for some period of time. [](
82. The Cardano Africa Tour has commenced with Charles popping up in South Africa. [](
83. We got a nice Triple H update from Harrison/Hemsley/Hammond joined by Jan Müller in the October mid-Month Dev Update. We learned that we’ll have a maintenance upgrade toward the end of October and then PAB a few weeks later. This is extremely important since it will finally allow for the last bits of dApp buildout. The PAB is already available on the tesnet. The test dApp the team is using is an NFT marketplace. The team is watching as we see high loads around events like NFT drops. But, the network is reacting as expected. [](
84. Here’s video of the Fireside chat with Charles, Dynal Patel, and John O’Connor at the Cape Innovation & Technology Initiative in South Africa. [](
85. A brief update dropped from Charles this morning in Africa. [](
86. Duncan & Sebastien have an interesting discussion on Github that fuels Cardanophobia on the part of ETH maximalists about three weeks later. [](
87. The Cardano Foundation is changing its delegation strategy. They will go from primarily delegating to promote decentralization to a new framework focused on delegating to promote ecosystem buildout. [](
88. Shahaf Bar-Geffen gives us some more details about the Djed launch. He says IOHK is doing the coding and COTI is doing the business side. [](
89. In the Cap Innovation & Technology Initiative Fireside Q&A, Charles mentioned he is talking to Colossol Labs about the possibility of having the Mammoth DeExtinction Project take place on his bison ranch. There are probably some obvious NFT or tokenization use cases there. []( [](
90. Three U.S. Senators ask Facebook to discontinue its Novi crypto wallet which just launched. []( [](
91. There’s a new Frederik Gregaard interview out. [](
92. People are buying luxury real estate in Portugal with Cardano. [](
93. Over 292,000 votes were cast in Catalyst Fund 6. [](
94. IOHK announces a partnership with Bondly to create an NFT bridge so that users can move their non-fungible tokens back and forth between Cardano and Ethereum. [](
95. Interesting small thread on how further stumbles by the Chinese economy could affect the global economy which in turn might impact crypto and Cardano. [](
96. Here’s a very nice overview of the Maladex Whitepaper by ADA Whale that breaks down the hidden strengths of eUTxO for DeFi including programmable swaps composability. [](
97. The Cardano ecosystem maps are getting so big and dense that they can’t even display logos for the projects anymore. [](
98. There is a report that unstaked ADA is at an all time low of under 8MM ADA. [](
99. Check out this medium article explaining the validator underlying the Spacebudz Market. It’s very elegantly and concisely explained if you have no Haskell/Plutus understanding. It’s even more interesting if you have a tiny bit of understanding of Haskell. [](
100. Atala Prism named a top 50 Most Influential Project by PMI. [](
101. Pavia Game Jam is coming. It sounds like they are looking to hire some Unity (game engine) developers and 3D artists. This produce interesting results in a few years. [](
102. Charles is releasing some images of meetings with heads of state on his Africa tour. []( [](
103. There is currently ongoing discussion about the possibility of unexpected tax liability from participation in even Fair Initial Stake Pool Offerings where there are accompanying Initial Dex Offerings. There is even discussion about the potential of exploits that could amplify this unexpected tax liability for all participants. []( [](
104. We now have a memorandum of understanding with Burundi! [](
105. Fans of certain other Gen 3 blockchains are still getting hilariously worked up when they are confronted with the Messari chart on massive VC ownership of their blockchains. [](
106. The new IOG stake pool delegations are out. [](
107. Cardano Fans is putting out some really good pieces posed as “Conversations with a Junior Blockchain Developer”. Very educational on the technical advantages of Cardano over other Gen 3 blockchains. [](
108. ETH based platforms are still not faring well at NOT losing the money of users. [](
109. dcSpark is making progress on the Milkomeda sidechain. ADA transitions from Cardano testnet to Milkomeda testnet now working. [](
110. The stark differences between being a validator on ETH and a Cardano validator are once again put on full display. [](
111. There’s a new Djed explainer video out now from IOHK. [](
112. Cardano 360 October Edition is now out and available! [](
113. The crypto time traveler is back after many months of being gone (i.e. purportedly being in the future). His first prediction after returning was about big news and a crown which was later revealed to concern the health of the Queen. His second prediction was about Cardano and gigantic success. [](
114. Charles was at the Ethiopian Ministry of Education today. He reports that the onboarding of the five million students is on track. [](
115. The Ministry of Finance of Ethiopia has posted pics of the Cardano team meeting with them! This is an interesting turn of events. The ministry posted about a “readiness to incorporate avant-garde technology in areas of[ #Agri]( Tech, logistics, and digitization”. [](
116. There is a new IOHK blog entry on Mithril. [](
117. You might have missed this IOHK blog entry on how dApp certification will be incorporated into the new light wallet (I know I did). [](
118. The Cardano dApp Store is looking like it’s going to be amazing. Curation & certification without gatekeeping is a great solution to preserve decentralization and maintain censorship resistance. [](
119. There’s also a new update on Crypto Bison! [](

~Army of Spies

Fonte: Reddit Autor ArmyofSpiesPost Original

Comments (2)

  1. Vernons_Trinity 02/11/2021
  2. Mysterious_Top5389 02/11/2021

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