Ethereum sidechain solution SKALE Labs releases DevNet | ASIC chip technology is renewable energy’s future

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Crypto Mkt Cap $121B             BTC Dominance 52.70% 

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“We rightfully fault investors for jumping blindly at anything labeled crypto, but at times we seem to be equally impulsive in running away from anything labeled crypto. We owe it to investors to be careful, but we also owe it to them not to define their investment universe with our preferences.” — Hester M. Peirce, SEC Commissioner

The Big Block

SKALE Labs Inc today announced the launch of SKALE DevNet, a production quality sidechain test network that will act as a secure, developer friendly testing environment leading up to the SKALE Mainnet launch in Q3 2019.

Following the launch, developers at this week’s ETHDenver Hackathon will be able to run Ethereum dApps on the SKALE DevNet in a fully integrated manner with Ethereum and other related Web3 infrastructure and tooling. DevNet is available upon acceptance into SKALE’s Innovator Program, and the SKALE team will be sponsoring four prizes for developers choosing to leverage their platform during the hackathon.

With SKALE, any dApp developer familiar with Amazon EC2 or Google Cloud can seamlessly access fast, secure, and cost-effective smart contract execution. SKALE also provides easy to understand documentation and plug-and-play code snippets to help developers build applications rapidly. As a testament to the power of SKALE, the team has built out an S-Chain-based rock-paper-scissors demo, with moves settling in a matter of microseconds.

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Around The Block

Brave New Coin crypto indexes to join Nasdaq’s family of 40,000 indexes

Nasdaq will offer two additional indexes tied to the cryptocurrency market on its platform of indexes, according to an alert on the equity exchange operator’s website

The so-called Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX), created by Brave New Coin, aim to “provide a real-time spot or reference rate for the price of 1 BTC and 1 ETH respectively, quoted in USD, and based on the most liquid ends of their markets,”according to the alert. The indexes capture data from various exchanges to provide a single price point for bitcoin and ethereum to help traders get in an out of a given position. They will be disseminated to clients of Nasdaq’s GIDS data feed, joining 40,000 of Nasdaq indexes including the likes of the Nasdaq 100 and Nasdaq Composite. The indexes will go live on Nasdaq at the end of the month.  — More

ASIC chip technology is renewable energy’s future

As renewable forms of energy production see major efficiency gains, there’s a growing question of what to do when a solar array or windmill produces more power than is immediately needed. Storing the energy in the grid or in batteries can be costly, inefficient, or impossible, so it’s commonplace to simply cut off energy production—a practice known as “curtailment.”

By installing chips known as “ASICs,” the renewable energy industry may be able to use this “excess” energy as an additional revenue source by using it to secure the Bitcoin network, which would convert the electricity to money at market value in a process called “mining.” — More

Enterprise Ethereum Alliance announces ‘Token Task Force’ — More

Securities Exchange Act could require STO issuers to register as public reporting companies — More

Nasdaq eyes rule changes after loophole let company prematurely list itself, resulting in 3,750% price surge — More

Israeli NGO sues to take down Hamas crypto donations page — More

CFTC division makes cryptocurrency surveillance one of its top priorities — More

Japan’s largest bank is launching a payment network built on the blockchain in 2020 — More