Block.one, one of the world’s largest Bitcoin holders, recently unveiled their new cryptocurrency exchange launching in 2021. Named Bullish, this exchange raised $10B in funding that includes digital assets such as Bitcoin and non-digital assets such as USD. More recently, it was announced that Bullish is also now in talks to merge with a special purpose acquisition company (SPAC) Far Peak Acquisition Corp. This deal could value Bullish at as much as $12 billion and could be finalized in the next few weeks, according to people familiar with the matter. Far Peak is led by ex-NYSE Group President Tom Farley and the managing director at the Third Point LLC hedge fund.
Institutions such as Cryptology Asset Group continue to show interest in Block.one. Led by Christian Angermayer, the Cryptology Asset Group recently purchased even more shares of Block.one stock. When asked on Twitter if they also held some EOS, he answered that they indeed hold some EOS.
In other institution-related news, Chintai has announced yet another partnership, this time with the California-based investment advisory firm Chimera Wealth. Chimera Wealth participated in Chintai’s recent funding round and is an early partner in Chintai’s closed Beta program. They are working together on technology to optimize internal processes and offer novel financial products. Chimera Wealth also plans to work with Chintai for future digital asset issuance under U.S. regulations as the financial services industry continues to leverage blockchain technology.
Inflation Proposals & Testing
Block producers are actively testing a mechanism to increase EOS inflation to support the growth of the network.
Following Block.one’s recent study on increasing inflation on the EOS network, block producers have been busy submitting their opinions on the proposal. Due to technical limitations of the software, creating different staking pools with different yields is not going to be possible. Following recommendations from EOS Nation and other block producers, Block.one simplified the code necessary to add new inflation to the network. Block producers on the Jungle and Kylin Test Networks have now deployed this code and are in the process of thoroughly testing the new system-level modifications to EOSIO. Those who want to stay up to date on this process and discussion are invited to join the Stake-based-voting Telegram channel.
Here is a list of recently submitted opinions by various block producers and EOS community members:
Congratulations to the Eden on EOS community for reaching 100 total members! At the time of writing, we’re actually now up to 120 total members with many of the newest members coming in from the Chinese EOS community. We love to see that!
If you’re still looking for an invite, the member list can be found on the Eden website. Reach out to a friendly face and introduce yourself!
Onboarding the first 100 members has been a great learning experience for the community and has already helped to evolve the process. For example, an Eden member last week was inducted with a logo for his profile picture instead of the required headshot. The community quickly came together to resolved this issue and several improvements will be made to the onboarding process to make sure the requirements are clear and understood by everyone. Dan Larimer even recorded a Zoom call with the 4 members to clarify the situation. And the Eden Saturday Webinar went deep into discussion on improving the onboarding process.
AtomicHub Celebrates 1st Anniversary
Can you believe it’s been only 1 year since the launch of the AtomicHub NFT Marketplace on WAX? To us it feels like we’ve been creating and collecting NFTs on AtomicHub for much longer than that! On June 30th 2020, Pink.gg released the AtomicHub NFT Marketplace, and since then WAX has been consistently ranked at the top of the charts for NFT activity across the entire crypto space! At this time, AtomicHub has the most users of all NFT marketplaces with more than 500,000 users in the last year!
This does not surprise us one bit! The ease-of-use of the platform is unrivaled and allows any users, even those without technical backgrounds, to create their own NFT collections, which has led to an absolute explosion of activity.
.gems celebrated the occasion this week by creating our “.gems” collection on WAX and distributing matchbook and birthday candle NFTs that can be combined to create a slice of birthday cake backed by 2 WAX! Congratulations to Pink.gg for their amazing success and we can’t wait to see what the next year has in store for all of the WAX and EOS NFT collectors!
Everybody’s favourite intergalactic-crypto-alien has charted a course into the future with the recent release of the CryptoFinney Roadmap.
The rest of June is scheduled for an art collaboration between Writer and UltraRare on an art project that’s sure to yield a lot of excitement and rewards for the community. July is packed with three awesome events, including the Finney Volume 1 Pack Sale. This brings you a comic book-styled, 21-card base collection in conjunction with FACINGS.
July’s CryptoFinney journey includes a budding friendship with American rap hotshot, Kool Keith, who assumes a low-key alter ego here. Last but not least for July is the release of cool CryptoFinney merchandise, including the Hardcover Version of Cryptowriter Volume 1, as well as Limited Supply Finney T-shirts with NFT Authentication Certificates.
August storms into the picture with a collaboration with The Uplift World to bring you Finney’s adventures in the all-new ShiftCity.
August’s events spill over into September with the CryptoFinney 2.0 Coin Sale, as well as the Finney Builder specially made for you to mint your ideal Finney. ShiftMining is scheduled to be launched in October, with the ShiftVault accessible from November with your already mined Shift Coins. Lars Kommienezuspadt, the world-famous artist, brings a fitting close to the year with the depiction of Finney’s first crypto journey in a hardcover book in December. A sneak peek into 2022 shows that Crypto Finney 2.1 is due to be launched in January with some unannounced features exclusive to the EOS blockchain.
Everipedia IQ Supply Reduction
The Everipedia IQ token supply has been permanently reduced to 21 billion from 100 billion following the approval of a proposal that received widespread support from the community. This move effectively increased IQ’s scarcity.
Following the recent listings of the IQ/BTC pair on exchanges like Upbit, the change makes trading IQ against BTC more intuitive sincethe coins’ base units are now synchronized. Read more about the triple-digit IQ move.
EOS Nation is a top Block Producer on the EOS public network. We earn inflation rewards based on the percentage of tokens staked towards us. Those rewards are reinvested into EOSIO community, tools, and infrastructure. Help grow the ecosystem by staking your vote to eosnationftw for BP or proxying to proxy4nation.
Remember, we neveraccept compensation in exchange for featuring projects in the EOS Hot Sauce. That means if a project is included in the EOS Hot Sauce it’s because we believe that project brings value to the EOSIO ecosystem and we want our community to know about it!
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Thank you for supporting EOS Nation and for reading this week’s edition of EOS Hot Sauce! Want more spicy updates? Check out some of our recent EOS Hot Sauce episodes!
Following some updated guidelines from the WAX Office of the Inspector General (OIG), EOS Nation is now going to be publishing our monthly OIG Reports on our blog platform as well as on the official Github repository.
This publication is a reproduction of the report we submitted to the WAX OIG for July 2021.
EOS Hot Sauce ingredients: Go Boldly! Go Bullish!, The Importance of Community for the Pomelo Platform, EOS Lost Key Recovery Extended for Five Years, Defibox 1 Year Anniversary, Upland Property to Fiat, RAON Secure Driver’s License, VanCity Outbreak NFT Blending, VRGB Season 01 Launches on Sunday 18th of July, KOGS.GGSLAM, Ultra Mainnet Q&A
EOS Hot Sauce ingredients: ULTRA Successfully Launches Mainnet, The Origin of Pomelo, Upcoming: Second Eden Trial Election on July 17th, Flair Dapp, Chainflux is #BuiltOnEOSIO, WAX Streetfighter Season 2, Uplift World and Yoshi Drops, Share your EOSIO News and Opinions With Us
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Disclaimer: The information provided above does not constitute investment advice, financial advice, trading advice, or any other type of advice whatsoever, and the information on our website should not be trusted as such. We present this information to you as general market commentary. The information does not constitute investment advice or any professional financial advice of any sort whatsoever. We do not advise or recommend that you buy, sell, or hold any cryptocurrency, digital token, ICO, or digital asset whatsoever. We advise users to conduct their own due diligence and consult with a qualified financial advisor before buying, selling, or holding any type of digital asset or cryptocurrency. We will not be held responsible for any investment decisions made based on the information provided on the website.
Prior to founding the first EOS community in Toronto and co-founding EOS Nation, Daniel spent a decade in the financial technology industry working several diverse roles. His extensive experience in customer service, sales, sales coaching, agent training, digital marketing, digital process management (lean green belt), and product management (certified scrum master, certified product owner) eventually lead him to consulting for a blockchain dev shop.
Daniel earned a Bachelor of Journalism from Ryerson University in 2009 and worked as a chase producer intern at Global TV.
Daniel lives by the principles of Truth, Love, and Freedom.