Week in Ethereum News
May 3, 2020

Week in Ethereum News<BR> May 3, 2020″ title=”Week in Ethereum News<BR> May 3, 2020″ style=”width:697px” /></div>
<li>Latest core devs call. Tim Beiko’s notes.  Updates on EIPs for eth2 curve, EVM subroutines.  ProgPoW shelved due to clear lack of consensus.  Discussion of migrating to binary trie</li>
<li>Analysis of EIP-2315 simple EVM subroutines</li>
<li>DHT+SkipGraph for chain and state data retrieval</li>
<li>Notes from the fee market change call</li>
<li>Vitalik’s EIP1559 fee market change FAQ</li>
<li>Latest what’s new in Eth2</li>
<li>Schlesi multi-client testnet launched with Lighthouse and (slightly updated) Prysmatic clients. Then Nimbus joined Schlesi a few days later.</li>
<li>Bitfly has a Schlesi explorer</li>
<li>Nimbus client update – up to date, joining Schlesi testnet, RFP for security audits, and benchmarking Nimbus on a 2018 midrange phone</li>
<li>Update from ConsenSys’s TXRX team: prkl network monitoring tool, verifiable precompiles, cross-shard tx simulator, fork choice testing, discv5 sim, and work on turning off proof of work.</li>
<li>A step-by-step guide on joining Prysmatic’s Topaz testnet for Windows10 and MacOS</li>
<li>ConsenSys’s high-level eth2 FAQ</li>
<li>Channels funding channels: how state channels reduce latency and onchain transactions</li>
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Stuff for developers

  • buidler v1.3 – test time-based cases in Buidler EVM, works with TheGraph
  • Waffle’s plan for making testing better with v3
  • Testing with Python and Brownie
  • Typechain v2 – Typescript bindings. truffle v5 support, natspec
  • Solidity docgen v0.5 – documentation generation for Solidity project
  • Running async/await scripts in Remix IDE
  • Austin Griffith’s scaffold-eth, a toolkit to prototype and win hackathons
  • A linked hashmap in Solidity
  • How to add proxy Ethereum addresses to BigQuery
  • Authereum’s batched transactions API for interest rate arbs
  • discv5 feasibility study for Status
  • Tutorial to testing on mainnet fork with Ganache, Jest and Uniswap
  • Etheroll security issue: hacker monitoring for onchain forks and then uses that info to frontrun transactions. Novel (to me!) hack
  • Dragonfly releases an oracles tracker
  • Synthetix CTO Justin Moses on 10 things they did to improve their Ethereum development experience. tldr: Buidler, Slither, TheGraph, and Tenderly.


  • Contribute to the TornadoCash trusted setup ceremony. It takes about 5 secs of clicking and requires you to leave the browser tab open a few minutes.
  • Multisigs controlling multisigs: Avsa’s vision for a usable web3
  • Renew your ENS names or you will lose them. Names start to expire May 4th


  • Hyperledger Besu v1.4.4, added priv_getLogs, added Splunk integration

Governance, DAOs, and standards

  • Governance processes for Maker and Compound add WBTC to Maker and USDT to Compound. TBTC also proposed for Maker
  • Maker’s MIPs ratification vote is live
  • MetaClan: DAOs for in-game coordination
  • ERC2611: Geotimeline Contact Tracing Data Standard
  • Last call: ERC1363 Payable Token
  • Last call: EIP1193 Eth provider Javascript API
  • ERC 2612: permit, 712-signed approvals
  • EIP2357: Total difficult in block header

Application layer

  • DeFiZap and DeFiSnap merged to be ZapperFi: now track and trade your DeFi together
  • Gnosis Safe apps: interact with apps straight from the Gnosis Safe interface
  • dforce/lendfme plan post-hack: user airdrop, dSAFU insurance fund, large bug bounty
  • OpenBazaar now supports Eth
  • A rough proposal for a GasToken forward
  • Everest: a project registry from TheGraph and MetaCartel


  • UMA did an Initial Uniswap Offering, and there was a 5-10x spike
  • It appears Telegram will have to return $1.2 billion to investors
  • Ideo’s Simple Agreement for Future Governance for DeFi
  • Auditing the 10k top Eth addresses: ETH is better distributed than BTC and a bunch of other interesting claims


  • EtherScan Connect: an alpha for mapping addresses with a leaderboard
  • a16z raises $515m crypto fund
  • Vitalik’s review of Gitcoin grants round 5
  • SuperMarlin: no trusted setup with DARK polynomial commitment

First issue post-ConsenSys. As a reminder, this newsletter is and has always been 100% owned by me.

Permalink: https://weekinethereumnews.com/week-in-ethereum-news-may-3-2020/

Upcoming dates of note (new/changes in bold):

  • May 6-20 – Gitcoin’s virtual hackthon
  • May 8-9 – Ethereal Summit (NYC)
  • May 22-31 – Ethereum Madrid public health virtual hackathon
  • May 29-June 16 – SOSHackathon
  • June 17 – EthBarcelona R&D workshop

Source: weekinethereumnews.com

Ethereum Price Prediction – After Touching $220, ETH/USD Makes a Quick Turn

Ethereum Price Prediction – After Touching $220, ETH/USD Makes a Quick Turn

ETH Price Prediction – May 3

Ethereum surges from $214 to $220 within 24 hours but it may trade above $230 in the coming week

Key Levels:

Resistance levels: $250, $260, $270

Support levels: $175, $165 $155

ETH/USD saw a small price decline today and it is currently trading at $211.06. The cryptocurrency continues to be supported at the $200 level but it seems that the bears are adamant to push the coin lower. More so, Ethereum has lost over 1.49% within 24 hours.

In addition, ETH/USD keeps trending in red within the channel formation, trading above the 9-day and 21-day moving averages. Today, after the opening of the market, the daily price chart shows that ETH/USD also fell from $220.26 to $205.19, where it found short-term support and later bounced up to $211.06, where it is currently trading.

Moreover, for a backward movement, the market can be supported at $175 and $165 levels, if the price falls below the previous levels; another support is around $155. But should in case the price exceeds the indicated level by moving upward, then, the resistance levels of $250, $260 and $270 may be visited. The RSI (14) nosedives below 70-level, which may likely give some bearish signals.

When compares with Bitcoin, the Ethereum price started moving downward as the price broke down after touching the 2441 SAT a couple of days ago. The price started falling and the RSI (14) indicator nosedives below 45-level, which might be considered as more bearish signs for the market.

Moreover, the market may continue to decline if the sellers put more pressure on the buyers, the price could come down to the support levels of 2100 SAT and below. Therefore, if there is a rebound, the Ethereum price may likely go up to hit the resistance level of 2600 SAT and above.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Source: insidebitcoins.com

MakerDao Brings Bitcoin to the Ethereum Blockchain

MakerDao Brings Bitcoin to the Ethereum Blockchain

MakerDAO governance token holders voted to accept wBTC as the fourth collateral asset in the Maker DeFi Protocol.

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MakerDao Brings Bitcoin to the Ethereum Blockchain

MakerDao governance, a decentralized community of MKR token holders that govern the Maker Protocol, has voted to pull Bitcoin onto the Ethereum blockchain by accepting Wrapped Bitcoin as a new collateral asset in the Maker Protocol, according to the official announcement on May 3. For the uninitiated, wBTC is the first ERC20 token backed 1:1 with Bitcoin.

WBTC marks the fourth collateral asset type to be added to the MakerDAO DeFi ecosystem. The former three included ETH, BAT, and USDT. wBTC will now be able to open Maker Vaults in order to generate Dai. The report added that: 

What cryptocurrency will become the main one in a year?

“WBTC will help bring greater liquidity to the Ethereum and decentralized finance (DeFi) ecosystems, and to decentralized exchanges (DEXs).”

Bitcoin holders can trade their BTC to open a vault and generate Dai through wBTC. 

As Cointelegraph reported in early February, more than $1 billion U.S. dollars worth of assets resides in DeFi protocols. Crypto experts were reportedly sceptical about early adoption of Bitcoin within DeFi protocols, but also curious and interested to see how the future would evolve.

Source: cointelegraph.com

Author: Ting Peng

Week in Ethereum News<BR> May 3, 2020″ title=”Week in Ethereum News<BR> May 3, 2020″ style=”width:697px” /></p>
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