Media

Ethereum Fees Are On Fire: US Has Top 10 Mining Pool, Reddit Partners with EF, Ray Dalio's Take on BTC

1/7 Day Average Fees:

*Blockchain/Protocol Fees are NOT a bad thing. Individuals/entities would not be paying these fees if there wasn’t a business opportunity for doing so. If someone swaps on Uniswap and pays a $20 gas fee, it’s probably because the trade is expected to net more than enough to cover that fee.

Uniswap Protocol

In September 2020 Uniswap Protocol contributors announced the launch of a governance token placing control of the immutable protocol built to those who care about it most- early adoptors, core contributors, and investors. https://uniswap.org/blog/uni/

The $UNI token launch set aside 400+ $UNI each for 250k+ unique Ethereum addresses. By doing so, Uniswap set precedent for what a “fair token launch” on Ethereum may look like. Unlike the ICO hysteria of 2017 when teams launched a token to raise money for a future project that may or may not happen, Hayden Adams built Uniswap on a $100k grant in 2018 and within 3 years turned Uniswap into a $5 Billion protocol. Today Uniswap smart contracts boast over $3.5 Billion in assets and facilitates daily exchange of $500 Million earning the protocol and liquidity providers over $4 Million in daily fees. All of this information is auditable, public, and most important free. https://info.uniswap.org

Now that Uniswap has cemented itself as an essential piece of infrastructure on Ethereum, $UNI token holders have the opportunity to allocate a $500 Million war chest to fund future development. What may be most surprising is who some of the largest $UNI holders are. Within the top 15 voting addresses are four American University Blockchain Groups - Harvard Law, Stanford, University of California, and UCLA. My question is where is IU?? If anyone knows someone at Indiana University with ties to a blockchain initiative I’d love to make a donation in $UNI so IU’s voice can be heard on future governance proposals.

https://sybil.org/#/delegates/uniswap

Anyone or any team can submit a grant application to be considered for funding. All I’m saying is it has never been easier to make money on the Internet, you don’t have to be an investor to make a difference and earn a living in crypto/blockchain! https://docs.google.com/forms/d/e/1FAIpQLSd6TdE0mPtLjTU3KRkFqUPM1o--yaT8tpozxk-_jnVL6sPdGA/viewform

Market Update (Monday 9:30 AM ET)

Percent Change (Rounded) Based on Last Monday Open (9:30 AM ET)

Bitcoin- $33,711 (-3%)

Ether- $1,321 (-7%)

Gold- $1,861 (+1%)

DJI Average- 30,054 (-3%)

NYSE Composite Index- 14,397 (-4%)

NASDAQ Composite Index- 13,226 (-3%)

S&P500 Index- 3,731 (-1%)

Share

New Developments

  1. Marathon Invests $150 Million in Bitcoin, Marathon Press Release

  2. Collateralized Debt Obligations Make Their Way Into DeFi, CoinDesk

  3. Fixed Income Protocols - The Next Wave of DeFi Innovation, Messari

  4. Facebook’s Diem Blockchain Processed 50 Million Transactions, Decrypt

  5. Reddit Announces Partnership With Ethereum Foundation, Reddit

  6. FinCEN Extends Reopened Comment Period for Proposed Rulemaking, FinCEN

  7. Foundry USA Among Top 10 BTC Mining Pools, Barry Silbert

    Barry Silbert @BarrySilbertThe new U.S.-based bitcoin mining pool from @FoundryServices, Foundry USA, just jumped into the top 10 mining pools in the world. Top five next! btc.com/stats/pool?poo…

    Barry Silbert@BarrySilbert

    I guess the secret is out! @FoundryServices has launched what will soon become the largest U.S.-based bitcoin mining pool It is time for bitcoin hashrate to come to the U.S.! Bitcoin miners from around the world will be able to join the Foundry USA pool starting in February https://t.co/vEyy1Zp8Oe

    January 26th 2021

    78 Retweets549 Likes

Industry Insights

  • How Much Is 1 Bitcoin Worth?, Lolli Blog

  • What I Really Think Of Bitcoin, Ray Dalio

  • (Almost) Everything You Need To Know About Optimistic Rollup, Paradigm

  • Guggenheim’s Millstein Says Bond Market Should Be Overhauled, Bloomberg

  • Blockfi Company Intelligence, The Block Crypto

  • Ethereum Addresses Holding > 10,000 Ether Increasing

    CoinMetrics.io @coinmetricsThe number of addresses holding at least 10K ETH has increased significantly since the beginning of 2021. These large addresses, each holding roughly at least $12M, potentially signal that institutional investors are starting to buy ETH. Read more: coinmetrics.substack.com/p/coin-metrics…

    January 26th 2021

    16 Retweets75 Likes

Dev Talk

  1. Solidity Developer Survey 2020 Results, Solidity Blog

  2. PSM WebApp: A Maker Community Project, smaugho

  3. How To Delegate Locked/Vested $GRT, Grassets

  4. Ethereum Token Lists, Jimmy Ragosa

    Jimmy Ragosa @JimmyRagosa1/10 **THREAD ALERT** ??? A thread about "Token Lists" tokenlists.organd why we don't fully harness the potential of this amazing initiative launched by @UniswapProtocol and the fellows cited below.

    Hayden Adams ??@haydenzadams

    @fubuloubu Thanks ?? I’m actually quite proud of Token Lists. Came together almost exactly as envisioned with tons of future potential. Great execution from @sendmoodz @_callil @ashleighschap and @ianlapham helped a ton!

    January 27th 2021

    12 Retweets42 Likes

Blockchain Educationburn the bridge @econoalchemist1/34 Home mining for non-KYC #bitcoin An thread on setting up an ASIC Bitcoin miner at home with the goal of generating a non-KYC stack. -Procurement -Electrical infrastructure -Ventilation requirements -Noise treatment -Connecting to a pool -Operational costs/rewards

January 30th 2021

304 Retweets1,308 LikesFREE PUBLICITYMayor Francis Suarez @FrancisSuarezThe City of Miami believes in #Bitcoin and I’m working day and night to turn Miami into a hub for crypto innovation. Proud to say Miami is the first municipal government to host Satoshi’s White Paper on government site. @balajis @tyler @cameron @APompliano

January 27th 2021

2,528 Retweets10,471 LikesBlockchain Jobs

  • Codefi: DeFi Project Manager

  • Gitcoin: Customer & Operations Specialist

  • Trail of Bits: Technical Writer

  • The Graph: Community, Foundation, Development

  • Nexus Mutual: Smart Contract Engineer

  • Armor: Solidity Engineer

Want to list your company’s open position? Send an email to [email protected]

Earn Opportunity

One of my favorite ways to earn crypto is through BlockFi. BlockFi is like COINBASE or Gemini in that it is a safe place to store you crypto and allow you to trade with a push of a button. Not only that but it allows holders to earn passive income on their BTC, ETH, LTC, USDC at variable rates. For example, USDC has an 8.6% APY while BTC has a 6% APY. Check it out for yourself using the link below!

BlockFi

Leave a comment

The text on this page is based on the original post and does not claim the copyright of the owner in any way. Everything written here is a free interpretation of the original post.
Votes: 
Share Content: 
 
X