Chain Reaction - 28th August 2023
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Chain Reaction - 28th August 2023
Sydney Meetups and UpsideDAO in Melbourne
We had our Sydney meetup this week at Stone & Chalk which was a great occasion as they usually are. Check out the highlights here https://twitter.com/AusDeFi/status/1694333662870057197?t=iPUMrtep8jbpiCoxM4oYcg&s=19
Great to see our friends at Upside with this meetup during the week https://www.linkedin.com/posts/activity-7100408756475211776-_jyH?utm_source=share&utm_medium=member_android
Also, next week we’ll be in Perth led by Kat Dunn and our friends at Bamboo. Check them out over at Spacecubed https://www.meetup.com/australian-defi-association-perth/events/295148885/
For the builders in this space, something big coming (again) from the awesome folks at Blockchain APAC. Are you a builder with a story? https://www.linkedin.com/posts/stevevallas_home-activity-7099873808152502273-pfmQ?utm_source=share&utm_medium=member_desktop
News
Coinbase is buying into Circle, at least a minority stake https://www.coindesk.com/business/2023/08/21/coinbase-buys-a-stake-in-stablecoin-operator-circle-and-usdc-adds-6-new-blockchains/
Big news with PayPal and Independent Reserve partnering to make purchases easier https://www.linkedin.com/posts/adrianprz_paypal-is-shifting-aussie-dollars-onto-crypto-activity-7100244552455790592-nI6d?utm_source=share&utm_medium=member_android
Who is this mysterious bitcoin wallet holder who now has the 3rd largest wallet on that chain? Some suspect its BlackRock and they might not be wrong https://cointelegraph.com/news/bitcoin-whale-wallet-becomes-third-largest-holder-three-months
Interesting write up from Joey at Soulbis on the CBDC pilot report here https://www.linkedin.com/posts/joey-be_rba-cbdc-pilot-report-tldr-activity-7100356914647105536-Nw02?utm_source=share&utm_medium=member_android
It would not be web3 without phishing scams and we see it this time from Terra https://cointelegraph.com/news/terra-money-website-frozen-to-prevent-phishing-scams
Over the other side of the pond we saw news about Dasset, a local crypto exchange in New Zealand going under https://cointelegraph.com/news/crypto-new-zealand-crypto-exchange-dasset-enters-liquidation
Rony Choueiri is on the move from Valles Accounting but staying in touch as a consultant https://www.linkedin.com/posts/gregvalles_wishing-our-phenomenal-business-manager-rony-activity-7099236579994464257-I7rL?utm_source=share&utm_medium=member_android
Interesting to see that courts upheld the Tornado Cash sanctions by OFAC. https://decrypt.co/153118/tornado-cash-sanctions-affirmed-by-federal-court
Very cool of Bankless to get the founder of the Libra/Diem Meta (aka Facebook) project meant to provide a non-bank stablecoin that was shut down mainly due to trust concerns with the parent company. Check out more insights into this shut-down but not forgotten project
Finally, here's the Bankless take on Friend.tech
Tune in next week for another episode of Chain Reaction
About Aus DeFi Association
The Australian DeFi Association (Aus DeFi) is a non-profit community organization dedicated to increasing education and awareness of blockchain technology, specifically decentralized finance (DeFi) and web3-based projects. Their goal is to empower the Australian community with the knowledge and tools to participate in the decentralized economy, and to promote the adoption and growth of blockchain technology in Australia. They strive to provide a more grassroots approach to promoting blockchain technology compared to other industry-focused organizations in Australia, and to provide a platform for community members to learn about and engage with this emerging technology.
You can watch our recorded meetups and interviews here on YouTube: https://www.youtube.com/@ausdefiassociation3956/videos
Sponsors
We also thank all of our sponsors who help us run and organise and keep this association going. We could not do it without them so check out their details here