(07-Aug-20) This Week in Crypto:
- After Uniswap’s total website visits grew 15x in July, with $1.5bn traded, the platform has now confirmed $11m in a fresh funding round. The Series A investment foreshadows an upgrade to Uniswap V3, much of which has been kept in the dark. As Uniswap as a company does not currently provide a direct revenue for its investors, some speculate that V3 may bring a cut flowing directly back to the pockets of its investors.
- Dapper Labs, the famed CryptoKitties creators, have announced a $12m fundraising round. This round is backed by some high-profile NBA players and is intended to go towards the continued development of the Flow blockchain network, which specialises in blockchain-based gaming.
- Ethereum Classic (ETC) has experienced its second 51% attack within a week. The first attack occurred on August 1st with $5.6m of ETC double-spent whilst the second took place on August 6th with the amount compromised unknown. Vitalik (co-founder of Ethereum) has suggested that ETC should make the move to Proof-of-Stake should it wish to mitigate the risk of another attack.
This Week’s Top Crypto Conversations:
FTX Exchange founder on the role of Venture Capital:
Goldman names new head of digital assets in bet that blockchain is the future of financial markets:
Vitalik on ETH Classic:
Overview of the Opyn ETH Put Exploit: