Why a price surge is not only attracting a new cadre of institutional investors, but also producing the beginnings of a new set of FUD.

The U.S. Department of Justice (DOJ) has extradited the man accused of being one of the co-founders of the global cryptocurrency Ponzi scheme AirBit Club.

The Acting U.S. Attorney for the Southern District of New York, Audrey Strauss, said Monday the accused, Gutemberg Dos Santos, was extradited from Panama last week.

Along with co-defendants he has been indicted on charges related to his alleged role in an international fraud and money laundering scheme that defrauding individuals by soliciting investments in an allegedly fake cryptocurrency mining and trading company.

Describing the scheme, Strauss said the company “promised extraordinary rates of return on phantom investments in cryptocu…

Mining hardware manufacturer Canaan Creative reported a Q3 net loss of $12.7 million, or 54 cents per share, more than quadruple the size of Q2’s $2.38 million loss, or 10 cents per share.

And, perhaps most notably, bitcoin has set a new all-time high.

Crypto crimeCybersecurity specialist Kaspersky foresees a rise in bitcoin scams in 2021, according to a new report on coming financial threats.

(The Block)Market intelBoot and rallyDespite the sharp pullback last week, bitcoin looks on track to post its highest-ever monthly price close.

“Every time bitcoin has closed above the previous monthly all-time high, a 700% to 1,000% uptrend has followed,” crypto analyst Josh Rager said.

But the “Aber” project, named for the Arabic word for “crossing boundaries,” was significant for more than just a successful central bank digital currency (CBDC) dry run.

The research arm of New York-based AllianceBernstein, a global investment manager with $631 billion in assets under management, has had a change of heart when it comes to bitcoin as an investment asset.

“From a narrow empirical point of view the downward shift in [volatility] of bitcoin makes it more desirable but its increased correlation points the other way,” Fraser Jenkins wrote.

There may be potentials issue for bitcoin in future too, according Fraser Jenkins.

Ultimately, Bernstein Research recommends that bitcoin can comprise from 1.5% to 10% of portfolios, depending on the cryptocurrency’s monthly returns.

Recommended bitcoin portfolio allocations (Bernstein Research)

After nearly three years of waiting, bitcoin investors can celebrate a new all-time high Monday after the leading cryptocurrency traded as high as $19,786, breaking the previous record set in December 2017 by $3.

But for newer participants, the record highs represent validation of their investment as the cryptocurrency continues to demonstrate resilience.

Many bitcoin investors view the digital asset as a hedge against potential inflation from this lose monetary policy.

Ether is still down 58% from its all-time high, also set in late 2017.

Search interest in bitcoin, moreover, sits at less than one fifth the level seen at bitcoin’s 2017 high, according to Google Trends.

During a month when a closely tracked gauge of global equities, the MSCI World Index, surged 13% for its best performance on record, bitcoin jumped nearly three times as fast.

Source: TradingView/CoinDeskBitcoin looks set to post its highest-ever monthly price close.

Bitcoin jumped nearly 27% in April 2017, toppling the previous monthly close record of around $1,150 reached in November 2013.

Strong rallies were seen after bitcoin set record monthly closing prices in January and October 2013.

1 cryptocurrency by market value fell by over $3,000 to $16,242 on Nov. 26, clearing out excess leverage from the derivatives market.

Cybersecurity specialist Kaspersky foresees a rise in crypto crime ahead as the COVID-19 epidemic hits national economies.

It said the focus would be on bitcoin because it is “the most widespread cryptocurrency.”In a change of tactic, Kaspersky also sees online criminals moving away from bitcoin when demanding ransoms or payments from victims.

This shift is being driven governments’ improved crypto sleuthing capabilities when it comes to monitoring, deanonymizing and seizing crypto accounts, per the report.

The firm cites the recent seizure of funds worth over $1 billion by the U.S. Justice Department from a Silk Road-linked account.

Targeted ransomware attacks, which generally demand payme…

Despite the sharp pullback last week, bitcoin looks on track to post its highest-ever monthly price close.

The number one cryptocurrency by market value fell by over $3,000 to $16,242 on Nov. 26, clearing out excess leverage from the derivatives market.

Bitcoin monthly chart Source: TradingViewBitcoin jumped nearly 27% in April 2017, toppling the previous monthly close record of around $1,150 reached in November 2013.

Strong rallies were seen after bitcoin set record monthly closing prices in January and October 2013.

The two assets have diverged this month, with bitcoin gaining over 30% and gold suffering a 5.5% drop, its highest monthly decline since Nov. 2016, according to data source Tr…

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Ethereum's mining difficulty — an indicator of competition among Ethereum miners, and hashrate — its computing power, have both reached new all-time highs.

The post Ethereum’s mining difficulty and hashrate touch new all-time highs. Here’s why appeared first on The Block.

Quick Take Serum, built on a high throughput blockchain Solana, is an orderbook-based non-custodial exchange

In October, Serum generated $44.6 million in volume and then $111 million in September

On an average day, Serum already has nearly 10 times higher volume than Binance DEX but 15 times lower than Gemini

Knowing that Serum burns 80% of all fees, we can deduce that Serum has generated roughly $800,000 of revenue since launching in late August

Hangzhou-based bitcoin miner maker Canaan has reported a net loss of $12.7 million in Q3 despite bitcoin's price jump during the same period.

The post Miner maker Canaan reports $12M Q3 loss despite bitcoin price jump appeared first on The Block.

The Eth2 staking deposit contract continues to attract deposits, even after the milestone for the Phase 0 launch was reached last week.

The post ETH worth more than $500 million has been staked for Eth2’s Phase 0 launch tomorrow appeared first on The Block.

The $230 billion firm could gain exposure to bitcoin via Grayscale's GBTC. The post Guggenheim opens door to bitcoin exposure for $5 billion macro fund via Grayscale GBTC product appeared first on The Block.

The Velo Protocol is a financial protocol that issues digital credits pegged to any fiat currency. It ensures that these digital credits are always properly collateralized to maintain a 1:1 digital credit to fiat currency value ratio

The post Velo Protocol powering the world’s premiere Federated Credit Exchange Network appeared first on The Block.

Ripple is selling one-third of its stake in MoneyGram for the first time, after investing in the remittance firm last year. The post Ripple is selling a part of its stake in MoneyGram for the first time appeared first on The Block.

United Overseas Bank, Singapore's third-largest bank by total assets, appears to be developing a crypto custody solution.

The post Singapore’s third-largest bank appears to be building a crypto custody solution appeared first on The Block.

“We have, I would say, a natural preference for public blockchains,” said Stenger, in an interview with The Block.

The post SocGen’s blockchain boss has ‘natural preference’ for public networks appeared first on The Block.

In brief Raoul Pal has invested about 75% of his liquid assets in Bitcoin.

Since retiring at age 36, Pal co-founded Real Vision, which commands over 10,000 subscribers.

Former hedge fund manager Raoul Pal has invested heavily in Bitcoin and Ethereum, according to a tweet sent today.

Since then, he co-founded Real Vision to democratize access to financial information.

According to a recent tweet, Pal’s Bitcoin and Ethereum portfolio is approximately 80/20.

In brief Someone has solved 0xPoland's puzzle, claiming 7 ETH as a reward.

Starting with a billboard in the Warsaw metro, a group of Ethereum enthusiasts tweeted several clues over 10 days.

After the last clue was published, It took only 21 minutes for the winner to claim their prize.

It called on commuters to “Solve the puzzle, claim the reward!” and contained an Ethereum address with 7 ETH on it, as well as hashtags #0xPOLAND and #0xPOLANDHEIST.

As it turned out, mostly to have some fun and to shake polish Ethereum enthusiasts up a bit.

In brief The central banks of Saudi Arabia and the UAE have published results of a joint CBDC test.

The Saudi Central Bank (SAMA) and the Central Bank of the United Arab Emirates (CBUAE) said they have completed the successful trials of a joint Central Bank Digital Currency (CBDC) project, as per an official announcement on Sunday.

Middle Eastern countries like Saudi Arabia, Kuwait, Oman, and the UAE have long relied on their oil resources to jumpstart economic growth and attract talent to their shores.

The tests covered international settlements between the CBUAE and SAMA, domestic settlements among banks in Saudi Arabia and the UAE respectively, and international settlements between comme…

In brief Pizza Hut restaurants in Venezuela now support cryptocurrency payments.

This is a result of a partnership between Pizza Hut and crypto payments processor Cryptobuyer.

We are happy to announce our most recent alliance with Pizza Hut Venezuela.

It is important that we accompany them, young people, contemporary adults or people with a knowledge of technology,” Richard ElKhouri, head of Pizza Hut Venezuela, told local outlet El Axioma.

“Pizza Hut today cannot be detached from these technological advances and all those incorporations of new systems of approaches or daily life,” he added.

In brief Bitcoin's price recovered over the weekend after a mid-week drop.

While Thanksgiving itself saw Bitcoin’s price slip all the back into the $16,000s, over the festive weekend things were suddenly looking brighter.

Why has Bitcoin’s price suddenly bounced back?

What was noticeable about last week's price movements was the number of holders of more than 1 Bitcoin plummeted.

Wall Street re-opens after long weekendWhile stock exchanges in the US were closed due to Thanksgiving weekend, futures markets continued.

In brief Guggenheim Partners filed a note to the SEC Friday saying it would reserve the right to put 10%—up to $500 million—of its Macro Opportunities Fund in Bitcoin via the Grayscale Bitcoin Trust.

It’s the latest traditional investment firm to eye up the currency.

Global investment firm Guggenheim Partners is considering investing hundreds of millions of dollars in a Bitcoin trust.

This means Guggenheim could invest up to $500 million of investors’ cash in the cryptocurrency.

“The Guggenheim Macro Opportunities Fund may seek investment exposure to bitcoin indirectly through investing up to 10% of its net asset value in Grayscale Bitcoin Trust (“GBTC”), a privately offered investment vehi…

Guggenheim Partners may be the next big player to bet on BitcoinGuggenheim Partners may be the newest institutional investor to join the crypto market.

According to a recent SEC filing, the global investment management firm with over $270 billion AUM may soon make an allocation of over $500 million (10% of its net value) via the Macro Opportunities Fund through exposure to Grayscale’s GBTC.

The filing said “The Guggenheim Macro Opportunities Fund may seek investment exposure to Bitcoin indirectly through investing up to 10% of its net asset value in Grayscale Bitcoin Trust (“GBTC”), a privately offered investment vehicle that invests in Bitcoin.”

OKEx sees over $110M net crypto outflows after withdrawals reopenedOKEx has seen net crypto outflows worth more than $110 million within hours after it reopened asset withdrawals.

According to data from on-chain analysis firm CryptoQuant, the first batch of outflows – 2,822 bitcoin – incurred within 15 minutes after the crypto exchange reopened customer asset withdrawals at 8:00 UTC on Thursday.

And 83% of the first batch went to non-exchange wallets, CryptoQuant CEO Ki Young Ju said in a tweet.

The bitcoin outflows increased to more than 4,000 bitcoin, worth around $68 million, before 9:00 UTC.

Swiss digital asset bank Sygnum launches blockchain alternative to stock exchangesSygnum, a digital asset finance firm with a Swiss banking license, has launched what it says is a blockchain-based alternative to listing shares on a stock exchange.

The “end-to-end tokenization solution” is comprised of both a primary market issuance platform, and a secondary market trading venue.

Sygnum said it will also bring investors access to tokenized assets, with targeted markets being venture capital, “mid cap” companies, real estate and art and collectibles.

With distributed-ledger technology underlying the solution, Sygnum claims instant settlement around the clock and seven days a week, as well as …

New analysis suggests Satoshi Nakamoto was a LondonerThorough research was recently conducted into the whereabouts of Satoshi when he was working on Bitcoin.

Common suspect locations are the UK (GMT), US Eastern (EST), US Pacific (PST), and these three prospects needed further examination.

Merging all the 539 Bitcointalk post timestamps with the 169 commit timestamps and the 34 email timestamps gives us an even better picture of Satoshi’s activity pattern.

The research concludes the following regarding where Satoshi lived when he was working on Bitcoin – and states “with reasonable confidence, that he was located in London.

Put together, his writing style, his activity pattern, and the Gene…

Coinsquare applies for regulated cryptocurrency marketplace in CanadaCoinsquare, one of Canada’s biggest digital currency exchanges, today said it has applied to the country regulators to operate a regulated marketplace for digital assets.

If approved, the proposed venue would be the first to offer Canadians regulated automated trading systems that bring together institutional and retail orders of digital assets deemed securities.

CEO of the Toronto-based exchange, Coinsquare, Stacey Hoisak said Coinsquare conducts $5 billion per year in cryptocurrency trades and has over 100,000 customers, and went on to say “The outstanding leaders who have joined our executive team and Board will play an…

Coinbase CEO: Trump administration may ‘rush out’ burdensome crypto wallet rulesThe U.S. Treasury Department is rumored to be attempting to track owners of self-hosted cryptocurrency wallets through an onerous set of data-collection requirements.

CEO of Coinbase, Brian Armstrong tweeted “This proposed regulation would, we think, require financial institutions like Coinbase to verify the recipient/owner of the self-hosted wallet, collecting identifying information on that party, before a withdrawal could be sent to that self-hosted wallet.”

Square, human rights foundation back new Bitcoin open-source developer fundVeteran open source Bitcoin developer John Newbery launched Brink, a new, independent organization for funding Bitcoin’s open source developer community, a key component driving the global currency and making it work.

Tuesday, Newbery and fellow Bitcoin Optech associate Mike Schmidt unveiled Brink, with Bitcoin technical writer Dave Harding joining the board as independent director.

Brink will dole out grants to developers working on Bitcoin projects, as well as help fledgling Bitcoin developers embark with fellowships and mentoring.

CEO of Paypal announces plan to allow cryptocurrency as funding source for any Paypal transactionThe CEO of PayPal has stated his intention to accept cryptocurrency as a funding source for any Paypal transaction:"We're going to allow cryptocurrencies to be a funding source for any transaction happening on all 28 million of our merchants."

Another Chinese city is rolling out a digital yuan testThe Chinese city of Suzhou is reportedly rolling out a wider test for the country's central bank digital currency in "red packets" starting next month.

The Paper, an online media under the state-owned Shanghai United Media Group, said in a report on Monday the trial will take place on December 12, a date that's known as Double 12 in China – a year-end shopping festival.

Spanish security giant Prosegur announces institutional-focused crypto custody serviceProsegur — a Spanish security company founded in the 1970s — announced a new digital asset custody service focused on institutional clients.

"Prosegur Crypto combines the highest standards in physical security, an area in which Prosegur is a world leader, with state-of-the-art cryptographic security technologies," the firm said in a press statement.

"Users' private keys are stored in a physical Prosegur infrastructure, without an Internet connection, and the guarded assets have military-grade cryptographic and logical security layer protection."

US firm launches company sponsored Bitcoin retirement planAfter running a year-long test, Digital Asset Investment Management (DAiM), a U.S.-based crypto investment advisor, has launched what it says are the first company-sponsored retirement plans supporting bitcoin.

DAiM will serve as an advisor and fiduciary while helping companies create a 401(k) plan that allows a maximum allocation of up to 10% in bitcoin (BTC, +3.06%) alongside varying degrees of exposure to traditional assets.

Cryptocurrency associated with the Employee Retirement Income Security Act (ERISA)-compliant plans will be held in New York-regulated Gemini Trust’s cold storage custody.

Rapper ‘Logic’ buys $6M of BitcoinThe Grammy-nominated music artist said the move was a “YOLO” investment, and even changed his Twitter name to "Bobby Bitcoin."

Prominent individuals are jumping on Bitcoin like never before.

Rapper Robert Bryson Hall II, known by his stage name “Logic,” picked up $6 million worth of the pioneer cryptocurrency, he said.

Deutsche bank says investors increasingly prefer Bitcoin over gold as inflation hedgeBitcoin’s appeal as an alternative store of value asset is strengthening, according to analysts at Germany-based investment bank Deutsche Bank.

“There seems to be an increasing demand to use Bitcoin where gold used to be used to hedge dollar risk, inflation, and other things,” Jim Reid, managing director, head of global fundamental credit strategy, said.

South Korea’s new crypto AML law bans trading of “privacy coins” like MoneroThe “privacy coins” that add an extra layer of anonymity to crypto transactions are no longer welcome in South Korea.

Coin brands such as Monero, ZCash and Dash will soon be unavailable at the country’s exchanges, with the government citing crypto anti-money laundering (crypto AML) measures as the reason for the ban.

ОтKpиптoпpoeкт Velo Labs, пoддepживaeмый кoмaндoй Stellar, зaключил пapтнёpcкoe coглaшeниe c гигaнтoм Visa и Lightnet Group, в paмкax кoтopoгo coздaдут coвpeмeнныe плaтёжныe peшeния для кpeдитныx кoмпaний в Aзиaтcкo-Tиxooкeaнcкoм peгиoнe.

Ha пpoшлoй нeдeлe Lightnet Group пoдпиcaлa coглaшeниe o coтpудничecтвe c кpупным учacтникoм RippleNet SCB.

Tpи плaтёжныe кoмпaнии Velo Labs, Lightnet и Visa пoдпиcaли мeмopaндум o взaимoпoнимaнии для coздaния плaтёжныx peшeний в Aзии.

Hoвoe coвмecтнoe пpeдпpиятиe Velo, Visa и Lightnet Group cтaвит cвoeй цeлью peшить эту пpoблeму и пoзвoлить клиeнтaм пoлучaть кpeдиты в oбмeн нa кpиптoвaлютнoe oбecпeчeниe.

Бaнк будeт ocущecтвлять клиpинг дeнeжныx пepeвoдoв L…

Аналитики из команды Santiment считают, что игроки, владеющие 1000 и более биткойнов, стали ключевыми драйверами падения цены монеты.

В их отчете говорится, что 11 крупных инвесторов продали свои BTC, когда криптовалюта торговалась на уровне $19 300.

Продав свои монеты, эти «киты» вышли из лагеря держателей 1000 и более биткойнов.

🐳 $BTC whales with 1,000 or more coins held (currently $16.7M or more) sold off nearly immediately after the $19.3k price top two days ago.

pic.twitter.com/ntq1yIlDeV — intotheblock (@intotheblock) November 27, 2020В итоге на централизованных платформах были размещены 93 000 биткойнов.

В результате очередного пересчета, проводимого каждые две недели, сложность майнинга биткойна увеличилась на 8,87% и теперь составляет 19,16 трлн хешей (Т).

Chart: https://t.co/qtmuDmTfGS pic.twitter.com/1eX63yBAgc — glassnode (@glassnode) November 29, 2020По прогнозам портала btc.com, сложность майнинга продолжит расти.

Сложность майнинга биткойна реагирует на изменения объема вычислительной мощности сети.

В середине ноября доходность майнинга биткойна обновила годовой максимум.

Эта сумма складывается из вознаграждения, которое получают майнеры за нахождение блока, и комиссий за проведение транзакций.

ОтAмepикaнcкий гигaнт финaнcoвыx уcлуг Guggenheim Partners пoдaл в SEC зaявку нa пoлучeниe paзpeшeния инвecтиpoвaть в биткoйн чepeз Graуscale дo $ 500 млн.

Bлoжeниe cpeдcтв в биткoйн плaниpуeтcя cдeлaть чepeз oдин из фoндoв Macro Opportunities Fund.

Coглacнo зaявкe, Фoнд плaниpуeт пoтpaтить нa пpиoбpeтeниe биткoйнoв 10% cвoиx чиcтыx aктивoв, вceгo, пo oцeнкaм Fidelitу и Morningstar, пoд упpaвлeниeм фoндa нaxoдятcя aктивы нa cумму oкoлo $5 млpд.

Учитывaя, чтo нa мoмeнт нaпиcaния cтaтьи цeнa кpиптoвaлюты кoлeбaлacь в paйoнe $ 18 000, выдeлeннaя cуммa пoзвoлилa бы oбзaвecтиcь пpимepнo 27 650 биткoйнaми.

B зaявкe SEC кpиптoвaлюты oпиcывaютcя кaк «цифpoвыe aктивы, пpeднaзнaчeнныe для иcпoльзoвaн…

Все венесуэльские пиццерии международной сети Pizza Hut начали принимать оплату криптовалютами через платежную систему Cryptobuyer, последовав примеру сетей Burger King, Intercontinental Hotel, Traki.

В пятницу Cryptobuyer объявил, что все рестораны Pizza Hut в Венесуэле теперь принимают криптовалюты: Bitcoin, Ethereum, Dash, Litecoin, Binance Coin, Tether, DAI, XPT.

“С сегодняшнего дня вы можете угощать свою семью и расплачиваться криптовалютой… в любом ресторане Pizza Hut Венесуэлы”.

С июня более 20 000 магазинов в Венесуэле начали принимать криптовалюты.

Теперь сети магазинов и ресторанов могут принимать более 100 криптовалют.

ОтПpaвитeльcтвo Poccии oдoбpилo зaкoнoпpoeкт, peгулиpующий нaлoгooблoжeниe кpиптoвaлюты.

Oб этoм гoвopитcя в cooбщeнии пpecc-cлужбы кaбинeтa миниcтpoв, caмo peшeниe былo пpинятo пo итoгaм зaceдaния 26 нoябpя.

«Oдoбpить пpoeкт фeдepaльнoгo зaкoнa «O внeceнии измeнeний в чacти пepвую и втopую Haлoгoвoгo кoдeкca Poccийcкoй Фeдepaции» и внecти eгo в Гocудapcтвeнную думу в уcтaнoвлeннoм пopядкe».

B xoдe пpoшeдшeгo зaceдaния пpeмьep-миниcтp Mиxaил Mишуcтин зaявил, чтo цифpoвыe финaнcoвыe aктивы будут пpизнaны имущecтвoм, a иx влaдeльцы cмoгут paccчитывaть нa юpидичecкую зaщиту в cлучae пpoтивoпpaвныx дeйcтвияx.

Mишуcтин oтмeтил, чтo кpиптoвaлюты – oтнocитeльнo нoвый инcтpумeнт, интepec к кoтopoму…

Определение цены не составляет проблем, благодаря прозрачности бухгалтерской книги Биткойна, и возможности получить полную достоверную историю движения каждой монеты.

И с помощью этого авансового платежа они могут продолжать свою деятельность и более эффективно осуществлять её финансирование.

Например, используя эти инструменты, теперь можно делать ставки не на рост или падение биткойна, а на ожидание будущей волатильности (или отсутствие таковой).

Стоимость биткойна в турецких лирахИнвесторы, как правило, отслеживают динамику показателей биткойна в долларах США, однако фактически многие люди в мире предпочитают оценивать состояние финансовых активов в своих национальных валютах.

Хотя персп…

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Член управляющего совета Европейского центрального банка Фабио Панетта сообщил, что фиатные валюты могут подвергнуться серьезным рискам уже в январе 2021 года.

Появление стейблкойна Libra от компании Facebook может нести угрозу для национальных валют, уверены в Европейском центральном банке (ЕЦБ).

Панетта подчеркнул, что после выпуска стейбкойна социальной сети, который запланирован на январь 2021 года, ЕЦБ будет вынужден «заново изобретать суверенные деньги».

«Libra может поставить под угрозу монетарный суверенитет.

Сегодня, 27 ноября Financial Times сообщила, что компания Facebook может представить свою криптовалюту Libra в январе следующего года.

Власти Китая реализуют изъятые в ходе расследования деятельности финансовой пирамиды PlusToken криптовалюты на сумму в $4,2 млрд.

«Конфискованная цифровая валюта будет реализована в соответствии с законом, а вырученные средства будут переданы в государственную казну», – говорится в решении.

По версии прокуратуры, ключевые участники PlusToken привлекали инвесторов доходностью в 10-20% ежемесячно и реферальной программой.

Ущерб от PlusToken оценивается в $5,8 млрд.

В сентябре им предъявили обвинения в организации и управлении мошеннической схемой.

На встрече с первым зампредом ЦБ Ольгой Скоробогатовой руководители банков выступили с докладами, в которых перечислили преимущества и недостатки внедрения цифрового рубля.

Банк России предлагает, чтобы цифровые кошельки открывались и находились в ЦБ, и расчеты по ним проводились на платформе ЦБ.

«В моделях ЦБ России прослеживается вектор движения к монополии ЦБ, что негативно отразится на финансовом рынке страны.

Во-вторых, цифровой рубль может использоваться для расчетов с государственными и муниципальными органами и предприятиями, так и для выплат государства населению и предприятиям».

В ЦБ сообщили, что в настоящий момент проводят серию встреч с участниками финансового рынка, чтобы обсу…

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Пользователи биржи криптовалют OKEx вывели больше $110 млн в течение нескольких часов с момента активации исходящих транзакций сегодня.

По данным аналитической фирмы CryptoQuant, первая группа транзакций на 2 822 BTC прошла в течение 15 минут с момента возобновления сервиса в 11:00 МСК.

Это крупнейший единовременный отток средств с биржи с мая этого года.

CEO CryptoQuant Ки Ен Чжу заявляет, что это не внутренние переводы, а депозиты пользователей.

Незадолго до сегодняшнего возобновления вывода средств с OKEx биткойн начал снижаться и потерял в течение нескольких часов около $3 000 стоимости.

Разработчики ориентированной на повышенную конфиденциальность криптовалюты Firo (бывшая Zcoin) сообщили о планируемой активации протокола конфиденциальности Lelantus и завершении ребрендинга сети. Событие может состояться 12 или 13 января на блоке #336 888, говорится в пресс-релизе. Название Firo базируется на совмещении money (деньги) и fire (огонь) и отражает суть Lelantus. Она предполагает приватность пользователей, основывающейся на сжигании монет в произвольных количествах, в том числе и частично, с последующим выкупом новых эмитированных токенов с нулевой историей транзакций. По словам команды, этот метод в простом интерфейсе в один клик обеспечивает беспрецедентный уровень конфиденци…

Китайский производитель майнеров Ebang International Holdings объявил, что получил эксклюзивную лицензию на патент метода ускорения майнинга биткоина AsicBoost в Южной Корее.

По соглашению, обладатель патента фирма Circle Line International Limited предоставила Ebang исключительные права на использование технологии в Корее.

В китайской фирме заявили, что полны решимости защищать законные права владельцев патента.

Журналист Колин Ву сообщил, что патентообладатель подал в суд на Samsung с требованием прекратить производствосовместимых с AsicBoost чипов для майнеров Whatsminer от MicroBT.

Он уточнил, что в иске прямо указаны модели Whatsminer, включая флагмана M30S.

Неизвестный пользователь получил 7 ETH (~ $4200 на момент написания) за решенную головоломку, начавшуюся с рекламного щита в метро Варшавы. Об этом пишет Decrypt. Реклама с Ethereum-адресом и хештегами #0xPOLAND и #0xPOLANDHEIST появилась на одной из станций. Она призывала пассажиров решить головоломку, чтобы забрать 7 ETH. По словам организаторов, в коде контракта Ethereum требовалось вызвать функцию «решить» и использовать секретную фразу для вывода средств. Подсказки публиковались в Twitter-аккаунте под названием 0xPoland. Первая содержала фразы «Совет: ^[A-Z].*.» и «0x01ccfbfc». Одна говорила о том, что сообщение должно начинаться с заглавной буквы и заканчиваться точкой, другая — о час…

В понедельник, 30 ноября, котировки биткоина достигли максимального в истории уровня свыше $19 686, согласно данным сервиса CoinGecko. [caption id="attachment_118160" align="alignnone" width="780"] Источник: CoinGecko.[/caption] Предыдущее максимальное значение агрегатор криптовалютных данных зафиксировал 16 декабря 2017 года — $19 665,39. Разные сервисы дают различные максимальные значения котировок первой криптовалюты: у CoinMarketCap это цена в 20 $089, которой биткоин сегодня пока не достиг. Отличается рекордная цена биткоина и на крупнейших биржах. Например, на Bitstamp она превысила предыдущий максимум в $19 666, превысив $19 870. [caption id="attachment_118172" align="alignnone" widt…

Сбербанк намерен запустить блокчейн-платформу, с помощью которой пользователи смогут приобрести цифровые финансовые активы (ЦФА). Об этом заявил глава Сбербанка Герман Греф в ходе онлайн-презентации в рамках дня инвестора.

Новую платформу планируют запустить после вступления в силу закона "О ЦФА". "С 1 января вступает в силу соответствующий закон. Мы хотим вывести на рынок нашу новую блокчейн-платформу, которая будет предоставлять услуги по покупке ЦФА. И там мы собираемся с самого начала реализовать возможность как раз приобретения "зеленых" инструментов", - рассказал Греф.

Напомним, в июле 2020 года Госдума приняла закон о ЦФА после нескольких лет проработки.

В ноябре премьер-министр РФ М…

О текущей ситуации на рынке рассказывает трейдер Илья Мещеряков. Конец прошедшей недели сложился для криптовалютного рынка весьма удачно — как я писал в предыдущем обзоре, цели снижения по фигуре уже были достигнуты, а значит, для продолжения восходящего тренда, биткоину необходимо было разворачиваться прямо от $16 300. К счастью для быков, это произошло и BTC торгуется уже выше $18 800 при стабильном уровне индекса доминирования на отметке 62%. Дальнейшие перспективы остаются позитивными, поскольку коррекция на 17% позволила сократить перекупленность и выбить значительную часть открытого интереса в лонг, при этом не спровоцировав лишнюю панику. Завершилась коррекция также предсказуемо — с …

Информационные системы округа Делавэр в американском штате Пенсильвания подверглись атаке вируса-шифровальщика DoppelPaymer. Власти заплатили вымогателям $500 000 в биткоинах, сообщает Bleeping Computer. Атака не затронула системы голосования и экстренного реагирования. Операторы шифровальщика получили доступ к полицейским отчетам, платежным документам, информации о закупках и другим базам данных.

«Для расследования инцидента приглашены специалисты по компьютерной безопасности, чтобы определить природу и масштабы взлома. Мы работаем над восстановлением работоспособности систем», — заявили представители округа.

После передачи выкупа хакеры посоветовали властям сменить пароли и дали советы по…

Криптовалютные фонды количественных инвестиций сыграли большую роль в резком снижении биткоина 25-26 ноября и могут вернуться к этой практике в ближайшее время. Такую точку зрения выразил главный стратег JPMorgan Николаос Панигирцоглу, пишет Bloomberg.

«Перепозиционирование в сторону покупателей биткоина в значительной степени сократилось. Если курс не покажет быстрое восстановление, то может последовать новая волна ликвидаций длинных позиций», — считает аналитик.

В JPMorgan отметили в качестве катализатора продаж спекуляции на тему планов Минфина США обязать финансовые компании верифицировать владельцев некастодиальных кошельков перед выводом средств. Панигирцоглу в качестве основного инди…

Совершенно очевидно, что биткоин не останется единственной криптовалютой и время максимализма в его отношении прошло, считает генеральный менеджер RippleNet Ашиш Бирла.

"Я думаю, прошли времена, когда люди считали, что останется только биткоин. Совершенно ясно, что будет множество цифровых валют, а еще больше — токенизированных традиционных активов", — заявил он в ходе подкаста Lend Academy.

По мнению Бирла, первая криптовалюта не может служить жизнеспособным способом оплаты, но ее действительно рассматривают как "инновационную альтернативу золоту". Токен XRP от Ripple он считает проводником к более эффективной глобальной платежной системе. По его словам, компания продолжит расширять примен…

В Каракасе открылся Центр добычи цифровых активов вооруженных сил Венесуэлы. Под объект выделили площадь на территории штаба «Форт Тиуна». Военные назвали создание майнингового центра примером сотрудничества с гражданским сектором. На видеозаписи заметно, что часть оборудования представлена устройствами Antminer от Bitmain. Посмотреть эту публикацию в Instagram Публикация от 61 Brigada Codazzi (@ejb_61brig) Объем вычислительных мощностей представители бригады не уточняют. По их словам, проект представляет собой «неблокируемый источник дохода». [caption id="attachment_118111" align="aligncenter" width="810"] Источник: Twitter Conflict News Worldwide.[/caption] Ранее нацгвардия Венесуэлы заде…

Администрация Джо Байдена вместо создания цифрового доллара по примеру Китая должна сосредоточиться на интеграции биткоина в финансовую систему США.

Такого мнения придерживается бывший профессор истории Гарварда и Оксфорда, а ныне старший научный сотрудник Стэнфорда Ниал Фергюсон.

«Biden should integrate #Bitcoin into US financial system.»Most respected financial historian alive @nfergus bitcoin comments to attract huge attention.

Favorite Establishment figure on monetary issues to galvanize action.

Wow.https://t.co/xIgPIWgg88— Dan Tapiero (@DTAPCAP) November 30, 2020

Американская сеть Pizza Hut начала принимать биткоин и другие цифровые валюты в своих филиалах в Венесуэле. Партнером выступил процессинговый сервис Cryptobuyer. ¡Venimos con buenas noticias! Seguimos creciendo y trabajando en ampliar tus opciones de pago en #Criptomonedas.Estamos contentos de anunciar nuestra más reciente alianza con #PizzaHutVenezuela Desde hoy puedes compartir en familia y pagar con #Bitcoin #XPT #Dash #CryptobuyerPay pic.twitter.com/fawzIgoBCl

— Cryptobuyer (@cryptobuyer) November 27, 2020 Пиццерии американской сети расположены в столице Венесуэлы Каракасе, городах Маракай, Маракайбо и Баркисимето. Посетители заведений могут расплатиться биткоинами, Ethereum (ETH), Lite…

Платформа биткоин-банкинга Bitwala закрыла раунд финансирования в размере €15 млн, сообщает Gründerszene. Exklusiv: 15 Millionen Euro für Berliner Kryptobank Bitwala https://t.co/nYugNVkXvZ pic.twitter.com/MG0cgagUxC — Gründerszene (@gruenderszene) November 28, 2020 Инвестраунд возглавила немецкая венчурная фирма Earlybird, участие в нем также приняли Coparion и Global Brain. Привлеченные средства в Bitwala направят на увеличение количества пользователей и выпуск новых […]

The post Криптовалютная платформа Bitwala привлекла €15 млн инвестиций first appeared on ForkLog.

В основе Ethereum лежит идея, что блокчейн способен на нечто большее, чем просто быть основой для децентрализованных денег.

Ethereum 2.0 (ETH2) – это крупное обновление сети, призванное без ущерба для децентрализации повысить ее масштабируемость, безопасность и энергоэффективность.

Большая часть экономической деятельности и смарт-контрактов продолжит функционировать в оригинальной сети Ethereum, которая будет работать параллельно с ETH2.

Сооснователь Ethereum Виталик Бутерин убежден, что заметные улучшения в параметрах сети можно будет увидеть намного раньше, чем рассчитывает большинство.

Фаза 2: Реализация нового режима работыПредполагается, что на этом этапе в ETH2 заработают смарт-контра…

Взаимная цифровая валюта ОАЭ и Саудовской Аравии, выпущенная в рамках проекта Aber, показала техническую жизнеспособность концепции трансграничных платежей через блокчейн. Об этом говорится в совместном отчете регуляторов. Страны заявили о сотрудничестве в области изучения цифровой валюты центробанков (CBDC) и технологии распределенного реестра (DLT) в январе 2019 года. Исследование заключалось в анализе взаимного актива, который будет использоваться в финансовых расчетах между Саудовской Аравией и ОАЭ через блокчейн. Авторы отчета отметили «значительное превосходство» выпущенной CBDC «над централизованными платежными системами в контексте устойчивости архитектуры».

«Были соблюдены все ключ…

Материал подготовлен биткоинером Tony ₿.За 11 лет существования Биткоин громко заявил о себе. Кто-то называет его новой революционной технологией, кто-то — деньгами будущего. Но суть в том, что он уже кардинально изменил жизни тысяч людей. У Биткоина появилось огромное количество как приверженцев, так и противников. Сотни раз его не только обрекали на смерть, но и распространяли множество мифов с целью поставить под сомнение как способность Биткоина к процветанию, так и целесообразность продолжения работы над протоколом.Целью данного материала является краткий пошаговый ответ на каждое из данных заблуждений с предоставлением ссылок на более детальные исследования по актуальным на сегодняшни…

Перевод материала Coldcard 101 подготовлен биткоинером Tony ₿Coldcard — это аппаратный кошелек, разработанный командой Coinkite. Аппаратный кошелек — это устройство, основной целью которого является защита приватных ключей пользователя.Любой, у кого есть доступ к вашим приватным ключам, может потратить все биткоины, хранящиеся в этом кошельке, поэтому переоценить значимость безопасного хранения приватных ключей невозможно. Coldcard использует ряд механизмов и уникальных функций с целью обеспечения безопасности ваших биткоинов на высшем уровне. Coldcard не поставляется с собственным приложением или дополнительным программным обеспечением. Выбор ПО для работы с кошельком является исключительн…

Перевод статьи Bitcoin Wallets подготовлен биткоинером Tony ₿Итак, вы приобрели немного биткоинов, и теперь столкнулись со следующим вопросом: как их лучше всего хранить? Мы поможем вам подобрать тот кошелек, который подойдет именно вам.Хотя ничего сложного, на первый взгляд, в этом нет, выбор кошелька сопряжен с немалым количеством нюансов. Сколько у вас биткоинов? Как часто вы планируете их тратить? Вы уверены, что ваши ключи в большей безопасности, чем в холодном кастодиальном хранилище? Ответы на эти вопросы помогут найти правильное решение именно для вас.Биткоин является активом на предъявителя, а это значит, что вы можете хранить ключи от своих биткоинов самостоятельно. Когда вы храни…

Хэл Финни — история жизниПеревод эссе о Хэле Финни, подготовленного компанией криоконсервации Alcor, подготовлен биткоинером Tony ₿Это — новый взгляд на его личную жизнь, идеалы и вечный оптимизм даже перед лицом необратимой смерти.Хотя Хэл широко известен своими новаторскими профессиональными достижениями в киберпространстве и технических кругах, его повседневная жизнь рисует гораздо более детальную картину о его яркой личности. Он был преданным мужем, отцом и неравнодушным человеком с большим жизненным опытом, достигнувшим многого.Южная Калифорния, корниГарольд Томас Финни родился весной 1956 г. в маленьком городке Коалинга, штат Калифорния. Отец Хэла долгое время был сотрудником Union Oi…

Перевод статьи What is Multisig подготовлен биткоинером Tony ₿Самостоятельное хранение или доверие третьей стороне?Благодаря Биткоину у частных лиц и бизнесов теперь появилась возможность взять на себя важную ответственность: возможность в одностороннем порядке контролировать свои собственные средства. Истинное владение биткоинами подразумевает управление своими приватными ключами. Именно приватные ключи являются инструментами, необходимыми для авторизации перевода средств. Ничего, кроме хранения приватных ключей, нельзя считать контролем над собственными средствами. В противном случае деньги контролируются третьей стороной, что, как правило, делает сам факт обладания биткоинами бессмысленн…

Это — очередная статья в рамках серии “Макро”, запущенной совместно с проектом Incrypted, где мы делимся наблюдениями за экономическими реалиями и предлагаем собственный вариант ответа на вопрос “Почему Биткоин?”Улицы немного оживились, бизнесы и производства постепенно готовятся к возобновлению былых темпов. На горизонте появилась надежда. Может, правительства и центральные банки и правда знают, что делают? А все эти горе-экономисты, самоучки со своими устрашающими прогнозами просто злятся, что им не нашлось места в кабинете министров? Может и так, но прежде, чем строить “Наполеоновские планы”, удели 10 минут прочтению этой статьи. Обещаю, что если ты не найдешь ее полезной, я больше не бу…

Модификация фото Пауло КарролоСегодня предлагаю заглянуть в будущее и обратить внимание на то, насколько редким является биткоин. С каждой эпохой производство биткоинов будет замедляться все сильнее, а борьба за монеты лишь ужесточится. Статья, подготовленная @mtc, предлагает взглянуть на динамику появления биткоинов самым что ни на есть глобальным образом.— Tony ₿Взгляд на динамику появления биткоиновЛишь несколько дней назад на майнинг одного биткоина уходило около 48 секунд. Эти вычисления основаны на времени, затрачиваемом на производство полного блока, равного приблизительно 10-и минутам при вознаграждении за блок в 12,5 BTC. 11 мая 2020 года вознаграждение за блок уменьшилось вдвое до…

Я подготовил квиз “Краткая история денег от пещерных людей до сети лайтнинг”. Квиз, как вы уже поняли, посвящен истории эволюции денег и роли Биткоина в современной экономической похлебке.Пройди этот квиз чтобы оценить собственные знания монетарной истории и Биткоина. Поделись им с друзьями, и, надеюсь, что он поможет вам узнать что-то новое и интересное о деньгах, Биктоине и том, как все это работает. Подробные ответы на все вопросы квиза можно найти на сайте BITCOIN TRANSLATED , и нашем телеграм каналеУчись вместе с нами, чтобы стать на шаг ближе к собственному финансовому суверенитету.Квиз “Краткая история денег от пещерных людей до сети лайтнинг” was originally published in BITCOIN TRAN…

Это — очередная статья в рамках серии “Макро”, запущенной совместно с проектом Incrypted, где мы делимся наблюдениями за экономическими реалиями и предлагаем собственный вариант ответа на вопрос “Почему Биткоин?”Четвертого мая новостное агентство CNBC опубликовало статью, заголовок которой попросту не мог не привлечь внимания ни одного здравомыслящего экономиста. При этом, очередные три ТРИЛЛИОНА долларов уже не кажутся чем-то необычным в соответствии со всеми программами количественного смягчения, повышениями экономических стимулов, выкупами долгов крупнейших корпораций и “вертолетными деньгами”. А что касается подобных заголовков, то они становятся ни чем иным, как очередной историей, вря…

Перевод эссе Фила Бонелло “The Sovereign Individual” Investment Thesis от 12 ноября 2019 г. переведен биткоинером Tony ₿Информационные технологии влияют на глобальную динамику распространения власти несколькими ключевыми способами:Мгновенное распространение информации снижает коммерческие и юрисдикционные барьеры как для ее получения, так и для передачи. Это способствует росту конкуренции благодаря стимулированию предпринимательства на глобальном уровне.Создание неправительственных цифровых денег уменьшает влияние инфляции и налогообложения. Финансовые сервисы также получают возможность упрощенного выхода на глобальную арену.Шифрование снижает стоимость обеспечения безопасности. Вместе с те…

There’s a one direction value flow in terms of those who are providing the value (the data) and those extracting it.

Ocean Protocol is a platform which creates data marketplaces, providing an alternative to the current model.

Data providers can sell their data to the platform to whoever wants to buy it and that data set is represented as a token.

Trent McConaghy, Founder of Ocean Protocol, joins us to chat about the platform.

They have just released V3 which has seen the introduction of the data token, the Ocean Market, and a new home on the Ethereum Mainchain.

Martin: I think Universal Basic Income, UBI the core ideas that simply everyone gets it and it’s independent of your personal situation.

What Basic Income is doing is it’s changing the fact that everyone gets at least this basic income.

In a way Circles that’s again, third way to look at Circles is to say we want this fair money, but we want to make it also fair in more dimensions.

Martin: I would not necessarily say Circles itself would turn into a Dao, but clearly we are already working on a Circles DAO that has the goal to bring Circles forward.

What I could very well imagine is an Airbnb alternative that you say, yeah, I rent out my apartment over the weekend for Circles.

When you go to dinner, you don’t say, Oh, I use this internet app to call a car, to get me here.

By designing custom data structures for each specific type of data that’s on a node.

If in five or 10 years from now 80% or more of dApps on Ethereum or are using one or two API, do you think that’s a success for Ethereum?

When we think about the DeFi case, let’s say there’s two API APIs providing or one API providing, the majority.

Right now we don’t think that’s the case.

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Adan (Association for the Development of Digital Assets), is an organization which helps promote the development of the crypto industry in France, and more broadly in Europe.

The European Commission has released a regulatory proposal, MiCA (Markets in Crypto-Assets), which falls under The Digital Finance Package.

The Adan team have been working hard to understand, dissect and establish positions with regards to this regulation.

The scope of this MiCA is vast, and it covers nearly every type of activity which relates to cryptocurrencies, utility tokens, stablecoins, and security tokens in Europe.

We chat to Simon who explains what the draft proposal means and the effects it will have on the …

Multicoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies.

They manage a hedge fund and a venture fund, investing across both public and private markets.

They are extremely bullish on smart contract platforms and DeFi is one of their main areas of focus.

They’ve invested in several projects and companies such as Algorand, Arweave, Nervos, Skale, Solana, to name a few.

Kyle Samani, Co-founder and Managing Partner, joins us back on the show to share not only how Multicoin has changed since then, but also the cryptoasset industry as a whole.

Sögur, formerly known as Saga, aims to provide a global digital currency that acts as a store of value, a unit of account, and a medium of exchange. It is not impacted by any single nation state agenda and complements national currencies. And it is governed by its holders.The SGR is Sögur's digital coin. It's built to provide a self-sustaining, democratic and global currency. It uses a bonding curve market maker, which is modelled to control and mitigate volatility exposure and value loss when market conditions are fast-changing and unpredictable. All whilst creating an opportunity for sustainable intrinsic value growth. SGR holders are the currency decision makers, and enjoy democratic vot…

Hidden Forces is a podcast devoted to exploring the underlying forces driving the most powerful changes we see in the world.

Demetri Kofinas, host of the show, holds conversations with some of the most brilliant minds in technology, finance, social science, and the hard sciences.

Also the role of central banks going forward in this new reality in which we live.

He has some very interesting views there.

Demetri does not hold back on what he wants to say, so this was a fun and interesting conversation which we are sure you will enjoy too!

LazyLedger is a scalable general-purpose data availability layer for decentralized apps and trust-minimized sidechains.

Layer Two systems were being built on top of Bitcoin and were leveraging Bitcoin’s consensus layer.

This is what LazyLedger is doing, although it is purpose built and scalable for the exact use case.

The implementation details are a lot more complex, and the vision is to create a modular pluggable Layer One that does nothing but consensus and data availability.

It is designed for people who want to create their blockchain without consensus.

Camila Russo is a financial journalist, starting her career writing for Chile's largest national newspaper. She then spent 8 years at Bloomberg covering the Argentine market from Buenos Aires, the European stocks from Madrid, and analysed macro emerging markets moves for the Markets Live blog in New York. She is the founder of the Defiant and recently wrote and released a book on the foundations of Ethereum, “The Infinite Machine”. This tells the story of how 19-year-old coding genius Vitalik Buterin led a “ragtag group of feuding hackers with no business plan and no live product” to pioneer a whole new way of raising money, on a platform that’s grown to a value of $27 billion. It is being …

NuCypher is a decentralized threshold cryptography network offering interfaces and runtimes for secrets management and dynamic access control.

They are currently in testnet but once launched you will be able to use NuCypher to carry out proxy re-encryption.

Proxy re-encryption is a cryptographic method that allows you to delegate re-encryption of data to a third party and in this case validators in the NuCypher network.

With this method you issue a re-encryption key that is assigned to a specific public key and a third party has the ability to re-encrypt data for that third party to decrypt.

In this case the NuCypher network acts as the third party service.

Gauntlet is a simulation platform for building financial models of blockchain protocols and applications.

Their platform uses machine learning methods to simulate different environments with various user behaviors and see how the system holds up in those conditions.

Tarun Chitra, CEO & Founder of Gauntlet, talks about his previous life in chip manufacturing and how he built Gauntlet.

He also goes deep into the machine learning and statistical analysis involved with Gauntlet.

It is quite a fascinating concept and when applied to blockchain systems, there is huge potential for this to become something that is expected by users, investors, and the community for new protocols.

Celo has a clear mission – to build a financial system that creates the conditions for prosperity, for everyone.

The Celo Foundation is a non-profit organization that supports the growth and development of the open-source, decentralized Celo Platform.

Guided by the Celo community tenets, the Foundation contributes to education, technical research, environmental health, community engagement, and ecosystem outreach.

These activities support and encourage an inclusive financial system that solves real-world problems such as lack of access to sound currency, or friction for cash-transfer programs aimed to alleviate poverty.

Rene Reinsberg and Marek Olszewski, founders of Celo, talk about how th…

Republic is an investment platform that allows anyone pretty much anywhere in the world, of any income and net worth, to invest in some of the best private equity startups. It allows regular people, not just a few wealthy accredited investors, to invest in highly vetted private startups, with as little as $10 or as much as $100,000 per investment.In the past, accredited investors were the only ones allowed to invest in startups through equity-based incentives. However the JOBS Act of 2016 created an exemption under the federal securities laws so that crowdfunding can be used to offer and sell securities to the general public. Republic launched just after the JOBS Act was passed with a goal …

Click to download audio versionJoin Adam B. Levine, Andreas M. Antonopoulos, Stephanie Murphy and Jonathan Mohan for another wide-ranging discussion on the messy reality in which bitcoin and blockchains intersect real life.

Note: We're changing up our distribution as we get ready for our next marathon of growth!

subscribe to the show-only subscriber feed today to make sure you don't miss any episodes.

On this episode we discuss the significance of a recent, seemingly innocuous letter released by the Office of the Comptroller of the Currency...

Shownotes:Caitlin's twitter thread https://twitter.com/CaitlinLong_/status/1286226852244160512Preston's twitter thread https://twitter.com/prestonjby…

Click to download audio versionIn the aftermath of a major Twitter compromise that impacted a broad swathe of the largest, most influential accounts, join Andreas M. Antonopoulos, Stephanie Murphy and Adam B. Levine for a dive into the crazy series of events, what impact it has on bitcoin, decentralization and more.

Views: 2,937

There's nothing more political than money because money affects everything else, and yet Bitcoin works.

What’s the value in the US and western Europe compared to the value in less developed parts of the world?

Does being part of the bitcoin community make you politically affiliated, or represent a distinct political viewpoint?

What I like about Bitcoin is it's a way to be a part of neither game.

So it's a failure on two sides at the same time..." - Jonathan MohanCreditsThis episode of Let's Talk Bitcoin features Stephanie Murphy, Andreas M. Antonopoulos, Adam B. Levine and Jonathan Mohan.

Click to download audio versionOn today’s episode of Let’s Talk Bitcoin!

According to Richard, Bitcoin’s Lightning is a what’s needed to make mobile mesh networks catch on by bootstrapping on top of the payment routing infrastructure.

“…the Lightning network currently sends payments from A to B to C and then all those intermediate nodes can connect a small fee if the payment is delivered at the end.

All we’re doing is saying ‘Not only [can you send] a payment, but [you can send] a small message.

Lot49 is custom communication protocol that’s optimized for mesh.

Click to download audio versionOn today's episode of Let's Talk Bitcoin!

That luxury is pretty concentrated in just a few places in the world and at some point you can't afford that luxury of apathy.

- Andreas M. Antonopoulos, LTB!

#437CreditsThis episode of Let's Talk Bitcoin features Stephanie Murphy, Jonathan Mohan, Andreas M. Antonopoulos and Adam B. Levine.

Music provided by Jared Rubens, FromEther and Adam B. Levine, with editing by Jonas.

Inspired by a recent article in the Atlantic, in today's wide-ranging discussion the hosts of Let's Talk Bitcoin!

If Let’s Talk Bitcoin!

Government surveillance vs. private surveillance provided to the governmentWhat we learned from Edward SnowdenDoes China commercialize surveillance?

Censorship as controlling access to the publishing of information vs. controlling what is amplified vs. how much reach it has.

CreditsThis episode of Let's Talk Bitcoin features Stephanie Murphy, Jonathan Mohan, Andreas M. Antonopoulos and Adam B. Levine.

Click to download audio versionAlthough some believe bitcoin mining is a wasteful activity, on today's show we dig into the relative world of constant fuel production, lumpy demand and bitcoin based load balancing.

Although some believe bitcoin mining is a wasteful activity, on today's show we dig into the relative world of constant fuel production, lumpy demand and bitcoin based load balancing.

Click to download audio versionOn today's show we've got a pair of interviews for you.

First we speak with John Cantrell, the author of Juggernaut, a new messaging layer 3 application being built on top of layer 2 lightning network, which is itself built on top of layer one bitcoin.

It's a lot of layers, but as a technological concept currently in beta it's a fascinating project, and we talk about it.

(Juggernaut on Github)After the break we're joined again by Alex Gladstein of HRF.org for a discussion on political expediency in the age of pandemic and what crisis has revealed about various governments, and different types of governments around the world.

- Alex Gladstein, Chief Strategy Of…

Click to download audio versionIn Today's discussion we'll briefly talk about some of the knock-on, or second order affects which the coronavirus disruption is having on our world today, and which may continue into the future.

Then for the meat of the show we'll dig into specific areas where bitcoin could, or perhaps is being improved with the creator of one of the most impactful peer to peer technologies in the world today.

The end of “Bus Mode” for Lyft and UberAutonomous vehicles, grocery deliveries and the last mile problemTampons, cocktail sausages and a very weird monthThis episode is sponsored by eToroA friendly government delivery service?

Is it viable to farm with AWS?

Today's show…

Click to download audio versionIn the aftermath of the so-called "Black Thursday" crash from several weeks ago, MakerDAO's "DAI" ethereum backed dollar pegged stablecoin came untethered and was, for a time at least, functionally insolvent.

In the aftermath, holders of the MKR token which allows holders to participate in governance decisions opted to do a couple of things, including adding the centralized stablecoin USDC to the list of acceptable collateral, which drew both condemnations mostly around centralized risk being added to the system and praise for making the system more robust against sudden ETH collateral price crashes.

Click to download audio versionOn today's episode of Let's Talk Bitcoin we're discussing the coming bailout-everything regime in a topic that's both extremely timely but is also what originally forced many long-term bitcoin enthusiasts to learn about money and become interested in cryptocurrency originally.

And more...Today's episode of Let's Talk Bitcoin!

featured Andreas M. Antonopoulos, Stephanie Murphy, Jonathan Mohan and Adam B. Levine.

This episode was sponsored by eToro.com and featured music by Jared Rubens and Adam B. Levine, with editing by Jonas.

Photo by Tim Foster on UnsplashViews: 3,253

Click to download audio versionOn today's episode we're joined by early investor and entrepreneur David Johnston to discuss:A new "consensus based" alternative to "reserve based", "game theory based", or trusted oracle based StablecoinsThe growing relevance of DeFi even for those who aren't using itJohnston's Law six years later, how far we've come and real reasons for optimism on the decentralized evolution of everything.

Click to download audio versionEarlier this week the Let's Talk Bitcoin!

Show gathered to discuss Coronavirus and its potential impacts or disruptions to the decentralized world of bitcoin.

On today's podcast we discuss Coronavirus and:

Credits for LTB#428This episode of Let's Talk Bitcoin!

This episode featured Stephanie Murphy, Andreas M. Antonopoulos, Jonathan Mohan and Adam B. Levine for a hot minute.

Today's episode was produced by Adam B. Levine, edited by Jonas with music provided by Jared Rubens, From Ether Music and general fuzz.

Would you like to Sponsor a future episode of the Let's Talk Bitcoin!

Email [email protected]

Click to download audio versionOn Today's Show...With the price of bitcoin headed up again, the idea of blockchains and digital currencies has never been more palatable to the mainstream.

Episode Credits:This episode of Let's Talk Bitcoin!

Music for today's episode was provided by Jared Rubens and Gurty Beats, with editing by Jonas.

Would you like to Sponsor a future episode of the Let's Talk Bitcoin!

Email [email protected]Have any questions or comments?

UN SCRYPTEDEpisode 25: Unprecedented: Rules Without RulersAndreas M. Antonopoulos is a best-selling author, speaker, educator, and highly sought after expert in Bitcoin and open blockchain technologies.

He has published “The Internet of Money” series of books, which focus on the social, political, and economic importance and implications of these technologies.

Follow on Twitter: @aantonopWebsite: https://aantonop.com/In this talk, Andreas discusses the word of the season, unprecedented.

Unprecedented pandemic, unprecedented job losses, unprecedented incompetence.

If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www…

UN SCRYPTEDEpisode 24: Open Blockchain Development CultureAndreas M. Antonopoulos is a best-selling author, speaker, educator, and highly sought after expert in Bitcoin and open blockchain technologies.

Follow on Twitter: @aantonopWebsite: https://aantonop.com/In this talk, Andreas discusses open blockchain development culture.

Is there a right way to build open blockchain software?

This talk was delivered on December 12th, 2019 for the La Bit Conf Latin American Bitcoin and Blockchain conference in Montevideo, Uruguay.

If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonopThis series is called ‘…

UN SCRYPTEDEpisode 23: One Network, Many ChainsAndreas M. Antonopoulos is a best-selling author, speaker, educator, and one of the world’s foremost bitcoin and open blockchain experts.

Follow on Twitter: @aantonopWebsite: https://aantonop.com/In “One Network, Many Chains,” Andreas explores why he believes we are headed towards one internet of money, interoperability between many chains satisfying different objectives.

He also discusses cycles of infrastructure and application growth, the value of scarce attention, standardization, and how scaling never ends.

This talk was delivered on October 23rd 2019 for the Blockstack Summit at SFJAZZ Center in San Francisco, California.

This series is c…

UN SCRYPTEDEpisode 22: Unstoppable Code – The Difference Between Can’t and Won’tAndreas M. Antonopoulos is a best-selling author, speaker, educator, and one of the world’s foremost bitcoin and open blockchain experts.

Follow on Twitter: @aantonopWebsite: https://aantonop.com/In “Unstoppable Code: The Difference Between Can’t and Won’t,” Andreas argues that what is interesting about both Bitcoin and Ethereum is unstoppable code.

Cryptography and decentralized systems are defensive mechanisms to assert and enforce our human rights.

What is the unstoppable code worth running?

This series is called ‘Unscrypted’ for a reason: all of Andreas’ talks are performed without slides or notes.

UN SCRYPTEDEpisode 21: Bitcoin’s Origins and the Genesis BlockadeAndreas M. Antonopoulos is a best-selling author, speaker, educator, and one of the world’s foremost bitcoin and open blockchain experts.

Follow on Twitter: @aantonopWebsite: https://aantonop.com/In “Bitcoin’s Origins and the Genesis Blockade,” Andreas recounts the origins of Bitcoin and the meaning of the message that was embedded forever in its genesis block.

Now he focuses on the financial blockade against WikiLeaks and who the banks truly serve, while trying to leave us none the wiser and with no other choices.

This talk took place on August 6th 2018 at ‘The Internet of Money Tour’ at the Hilton Denver Inverness in Colorad…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jimmy Song (Bitcoin educator, entrepreneur and developer) and Alex Gladstein (CSO of Human Rights Foundation) join me in this episode to talk about their fantastic new book, The Little Bitcoin Book.

This is the perfect short book to give your precoiner friends!

It has succinct explanations on why bitcoin is important.

Listen to this episode to learn more about how this book came together, what the authors are hoping to achieve, and if you like it - then make sure you buy copies of the book to give to your friends and family.

Links: The Little Bitcoin Book website: http://littlebitcoinbook.com/ The Little Bitcoin Book on Amazon: https://www.amazon.com.au/Little-Bitcoin-Book-Matters-Finances-…

Jake Chervinsky, general counsel at Compound Labs, and Kristin Smith, executive director of The Blockchain Association, talk about the storm brewing in the cryptosphere involving self-custody and privacy.

In this episode, they cover:the differences between hosted and self-hosted wallets and how transactions between them differwhy the ability to transact from self-hosted wallets is so importantcompliance and regulation in the traditional financial world and how it could affect self-custodythe “Swiss rule” and what it could mean for the rest of the worldthe proposal by FinCEN to lower the threshold for collecting data on transactions from $3,000 to $250how regulators might achieve their goals…

In this episode, Dan Tapiero, founder of 10T Holdings and Gold Bullion International, and Cathie Wood, CEO and CIO at ARK Invest, discuss the long election week in the U.S.[...]

The post Why Bitcoin Now: Bitcoin Under a Biden Administration appeared first on Unchained Podcast.

In this seventh installment of the Why Bitcoin Now series, Meltem Demirors, the chief strategy officer at Coinshares, and Lyn Alden, the founder of Lyn Alden Investment Strategy, discuss the state of Bitcoin since June, amidst the presidential election – which takes place on the date of publication of the show — and a global pandemic.

Topics discussed include:the significance of bitcoin staying above $10k for over three monthswhy the pandemic has created the conditions for which Bitcoin was designedhow the markets may react to a Trump or Biden winwhy they believe, no matter which party wins, there will be massive deficits and a money-printing debt spiralwhy other countries see opportunities…

Brian Brooks got his start in traditional finance before joining Coinbase in 2018 and is currently the acting comptroller of the currency.

In this episode, he discusses:how his background in traditional financial services led him to take a position at Coinbasewhether the role blockchain and crypto will likely play in the financial future is being recognized at the federal levelwhether or not banks have always had the authority to custody crypto for their customershow he expects things to unfold in the coming years as banks begin to become more involved in crypto custodyhis thoughts on Kraken and others launching crypto banks and whether it will lead to the founding of other crypto bankshow …

Magistrate judge Zia Faruqui, and Jessi Brooks, assistant U.S. attorney in the national security section at the United States Attorney’s Office, have prosecuted several cryptocurrency-related cases, many of them amongst[...]

The post How This DOJ Strike Force Hunts Down Cryptocurrency Criminals appeared first on Unchained Podcast.

Hester Peirce, AKA “Crypto Mom,” was just confirmed to a second term as SEC Commissioner of the Securities Exchange Commission in August. In this episode, she talks about: the reasons[...]

The post SEC Commissioner Hester Peirce on BitMEX, DeFi and a Token Safe Harbor appeared first on Unchained Podcast.

Sam Bankman-Fried, the CEO of FTX and Alameda Research, and Anatoly Yakovenko, the co-founder and CEO of Solana Labs, discuss the Project Serum ecosystem that they are building on the Solana blockchain, and the unique approach to scaling the Solana blockchain is taking.

In this episode, they talk about:their backgrounds, and how they became involved in cryptowhy Solana takes a different approach to scaling and how it is implementedwhy they think a relatively lower number of nodes is sufficient to protect from attacks or collusionwhat the vision for Solana is, who they see using it, and how Serum fits into that visionwhy they think there haven’t been more crypto projects migrating to Solana …

Andreas M. Antonopoulos, speaker, educator, and the author of Mastering Bitcoin, Mastering Ethereum, and The Internet of Money, Volumes 1, 2, and 3, and Dan Held, growth lead at Kraken Digital Asset Exchange, discuss the core features of Bitcoin’s monetary policy, including how it differs from traditional central bank monetary policy, what gives it value and yet how it seems to have derived value from thin air.

Plus, we talk about how the coronavirus pandemic will affect Bitcoin.

In this episode, we cover:how monetary policy in general is definedthe core feature of Bitcoin’s monetary policy, and how it differs from previous forms of moneythe similarities and differences between Bitcoin and …

Matthew Leising, a reporter at Bloomberg who began covering crypto in 2015, is out with a new book Out of the Ether: The Amazing Story of Ethereum and the $55 Million Heist that Almost Destroyed It All.

In this episode, he discusses:the catalyst that led to him writing his new book, which covers the early history of Ethereum and the DAO attack of 2016why he thought the story of the DAO hack was compelling enough to make a book, and how he went about reporting itthe surprising things he learned about Ethereum’s early days and Vitalikthe twists and turns during his quest to discover the identity of the DAO attackerwhy he thinks separate people were responsible for the two biggest DAO attacksh…

Andre Cronje, the developer of yearn.finance, talks about all things DeFi and the past, present, and future of yEarn.

In this episode, he discusses:what Yearn Finance is, and what led him to develop it and eventually open it to the publichis history and background, leading up to the development of Yearnthe processes and mechanisms involved in yEarn v1 and yEarn v2why he decided to do a “fair launch” of the YFI token, despite being in debt as a result of building Yearnwhy he felt that a Decrypt article about him in August was a “horrible hatchet job”why he disagrees with what he sees as the current anti-VC narrativehis thoughts on the phenomenal rise in YFI’s price and why the price of a YFI…

Olaf Carlson-Wee, the founder and CEO of Polychain Capital, goes deep into yield farming, fair launches and how decentralization will upend the traditional notion of the corporation.

In this episode, he talks about:when it makes sense for a team to introduce a liquidity mining scheme, and when it doesn’tthe difference between yield farming and ICOs when it comes to investinghis thoughts on YFI, as well as YAM, and the pace at which unaudited DeFi projects aremoving forwardthe three advantages he sees in automated market makers as opposed to centralizedexchangeshis thoughts on Uniswap and SushiSwap and why he’s not sure Uniswap will make a tokenhis thoughts on fair launches and whether he th…

Haseeb Qureshi, managing partner at Dragonfly Capital, and Dan Robinson, research partner at Paradigm, discuss the explosion in decentralized exchange activity on automated market makers from $1 billion earlier this year to more than $10 billion in August.

Why trading in automated market makers has 8xed in a few monthshow automated market makers work, and how specific dexes can specialize for the assets being traded on themwhy traders would prefer to trade on a dex vs. a centralized exchangehow incentivized pools have drawn traders and liquiditywhy trading on a dex seems can be more appealing than on a centralized exchangewhy trading on dexes now mirrors trading on Binance in 2017how “DeFi …

In order for an economy to work, money supply has to continue to increase.

You know, gold and silver have the highest stock-to-flows and they were the only moneys chosen on the market.

If bitcoin was the only money and the money supply was fixed then it would only appreciate compared to goods based on how much those goods supply increases, so when we have economic growth bitcoin appreciates slightly.

Well, not like we have a choice but you know, bitcoin just proceeds and fewer coins are out there.

Saifedean Ammous:I think really there are only…well, not only but the two most important metrics…now well, I’ll add a third, three.

So, bitcoin becomes much more of a fabric and so more survivable, but it’s not as good from a privacy kind of point of view.

I think bitcoin adds one other dimension, which was not something I was focusing on before.

So, you could call that kind of bitcoin 0.5 if you’d like, you know, the bitcoin zero without a proof-of-work.

So when you look at these different forces, where do you think bitcoin is headed next?

As somebody from a computer science background, that’s really a very interesting artifact from the world.

About this EpisodeIn this week’s episode, Anna and Fredrik chat with Alin Tomescu, a post-doc researcher at VMWare Research Group, about the concept of stateless systems.

Specifically, they explore his work on stateless validation, why this would be desirable and what is the state of the research around this topic.

This free online event is the Polkadot community conference and the first Polkadot gathering since the multi-chain network’s launch and decentralization.

Check out the full program for Polkadot Decoded and register for free at decoded.polkadot.networkThanks again Parity Technologies!

-https://forms.gle/iKMSrVtcAn6BByH6ASupport our Gitcoin Grant -https://gitcoin.co/grants/329/zero…

About this EpisodeIn this week’s episode, we revisit the topic of consensus algorithms with Ren Zhang, a researchers at Nervos and previously at imec-COSIC (KU Leuven).

An explanation of Nervos DAOAn introduction of the Virtual Machine and smart contract supportThanks to our sponsor Least Authority.

Least Authority is a security consulting company known for their dedication to pushing the limits on how to build privacy-respecting solutions.

They are a team of security researchers, open source developers, privacy advocates, cryptographers who specialize in security audits, design specification reviews, and security-by-design.

Least Authority is supporting this through a growing list of secur…

About this EpisodeIn this week’s episode, Anna spoke with Nolan Smith and Locke Brown, co-founders at NuID - a zero knowledge authentication solution.

It uses blockchain and zero-knowledge cryptography to deliver a web experience that is both personal and private.

With Aleo, developers can write private applications, without a background in blockchains or expertise in cryptography.

Aleo has released Developer Preview I, an early peek at what the future of the web will look like.

We recently had Howard Wu, a co-founder of Aleo, on the show for an interview - you can find that episode here.

About this EpisodeIn this week’s episode, we chat with Dan Robinson, a Research Partner at Paradigm.

We talk about the world of crypto VC and revisit of the topic of the Ethereum mempool.

We then hear Dan's story about how he and some colleagues tried to save a transaction from the monsters that lurk in the mempool as told in his blog post entitled “Ethereum is a Dark Forest”.

For some background, here are some links:Ep 44: Blockchain 101: Transaction lifecycle & the mempoolEthereum is a Dark Forest By Dan Robinson and Georgios KonstantopoulosEscaping the Dark Forest by SamCZSunEp 141: ZK & Games: Dark Forest with Brian GuThanks to our sponsor Least Authority.

They are a team of security re…

About this EpisodeIn this week’s episode, guest host Tarun Chitra and Anna chat with Alex Svanevik, CEO & cofounder of Nansen.

They cover crypto analytics, DeFi analytics as well as discuss the push and pull between a need for privacy and the need for blockchain transparency and data.

Topics include: can DeFi and Privacy co-exist, how being aware of blockchain analytics could help people improve their opsec, the role of reputation in these systems, and, finally, how analytics in public blockchains may used as a novel marketing tactic (eg.

It uses blockchain and zero-knowledge cryptography to deliver a web experience that is both personal and private.

Aleo has released Developer Preview I, a…

About this EpisodeIn this episode we chat with John Adler, co-founder of Lazy Ledger and Fuel Labs.

We compare Optimistic Rollups and ZK Rollups as well as discuss how Ethereum, specifically Eth1, could look over the next few years.

We also talk about the data availability challenge in blockchains and how Lazy Ledger aims to solve this.

Video: "Scaling Ethereum in 2020 and Beyond" - Vitalik ButerinSome additional thoughts from John on Eth1Thanks to our sponsor Least Authority.

Known for their security reviews, including work with zero knowledge proofs as well as having implemented zero-knowledge access passes with the distributed storage system, Tahoe-LAFS.

About this EpisodeThis week, Anna continues to dig into the topic of NFTs through her chat with Alex Salnikov, co-founder & chief product officer at Rarible.

They talk about the project, the link between NFTs and DeFi concepts, how the NFT space is developing, novel use cases and more.

Trail of Bits has published a new guide for building secure contracts with their Crytic offering.

Crytic is a SaaS-based GitHub application created by Trail of Bits that continuously assures your Ethereum smart contracts are safe and functional.

It reports build status on every commit and runs a suite of security analyses so you get immediate security feedback.

About this EpisodeIn this week's episode, we chat with Dieter Shirley, CTO Dapper Labs, Chief Architect of Flow Blockchain, and co-creator of CryptoKitties.

We go back to look at the history of CryptoKitties, the NFT standard, what pushed Dapper Labs to build their own blockchain, how Flow works and what’s next.

Here are a few useful links:The Path to an ERC standard where we look at the path to the ERC721 standard as an example.

It uses blockchain and zero-knowledge cryptography to deliver a web experience that is both personal and private.

Aleo has released Developer Preview I, an early peek at what the future of the web will look like.

About this EpisodeThis is a short bonus chat to Episode 148 "Tale of the Sushi(swap)".

Tarun, Hasu and Anna reconvene to wrap up the story of Governance Tokens, Sushiswap and the Uniswap token distribution.

Be sure to first listen to"Tale of the Sushi(swap) - Part 1""Tale of the Sushi(swap) - Part 2" on the uncommoncore podcastIf you like what we do, be sure to check out the Zero Knowledge Podcast Gitcoin Grant - CLR matching is happening now!

https://gitcoin.co/grants/329/zero-knowledge-podcast

This story acts as a fascinating case study as well as a cautionary tale for moat-less protocols.

This episode is the 1st of 2 parts, with the 2nd part airing on Hasu's Uncommon Core podcast.

In this part, we cover the definition of governance tokens and the first half of the sushi swap story.

They are a team of security researchers, open source developers, privacy advocates, cryptographers who specialize in security audits, design specification reviews, and security-by-design.

Known for their security reviews, including work with zero knowledge proofs as well as having implemented zero-knowledge access passes with the distributed storage system, Tahoe-LAFS.

About this EpisodeIn this episode, we catch up with Vishwanath Raman, Privacy Architect at Oasis Labs where he works on privacy and confidentiality technologies for Direct to Consumer and Business to Business use cases.

His interest and experience span formal methods, applied machine learning, security, and privacy.

Using a combination of secure computing and privacy technologies, the Oasis Network enables data owners to take control of their data and treat their data as a digital asset via data tokenization.

They provide privacy as a service and use secure enclaves and differential privacy in order build a platform for a responsible data economy.

We dive into the way the Oasis system is ar…

About this EpisodeIn this week’s special episode, we flip the script and invite our friend Alexandra Heller to ask ZKPodcast co-hosts Anna & Fredrik some questions from the audience.. It’s a bit of a different format, so hope you will enjoy!

It uses blockchain and zero-knowledge cryptography to deliver a web experience that is both personal and private.

With Aleo, developers can write private applications, without a background in blockchains or expertise in cryptography.

The release introduces a new programming language called Leo, a new community-driven package manager for Leo, and a new development environment or IDE called Aleo Studio.

We recently had Howard Wu, a co-founder of Aleo, on …

About this EpisodeIn this week's episode, Anna and Fredrik catch up with Jordi Baylina, co-founder of Iden3, the creator of Circom & SnarkJS.

Jordi has an amazing story, which we got to explore in this episode, so thanks again Jordi for being on the show!

The best way to get noticed for this role is to familiarise yourself with Substrate - the platform built by Parity to make building blockchains much much easier.

So go check out the substrate libraries and then head over to parity.io/jobs to find out moreThanks again Parity for sponsoring this episode!

https://forms.gle/iKMSrVtcAn6BByH6ASupport our Gitcoin GrantSupport us on the ZKPatreonOr directly here:ETH: 0xC0FFEE1B5083230a5154F55f253B…

About this EpisodeIn this episode, we invite Howard Wu back to the show to share more about his new project Aleo - a privacy-focused blockchain that enables fully private applications.

Howard's previous ZKPodcast episode, Introduction to zkSNARKs, remains one of our most popular episodes to date!

The project enables private applications with both data privacy and functional privacy - where the nature of the program running and all activity remains private.

Least Authority is a security consulting company known for their dedication to privacy-respecting solutions and boundary-pushing technology.

If you like what we do:Follow us on Twitter - @zeroknowledgefmJoin us on TelegramCatch us on Yout…

...и вообще везде, где вы слушаете что-то еще!

...и вообще везде, где вы слушаете что-то еще!

Вадим Нестеренко — продакт-менеджер в компании Atomica.

Вадим рассказал нам, кто такой продакт-менеджер, каковы особенности его работы в блокчейн-стартапе и какие продукты лучшие на сегодняшнем крипторынке.

Подкаст выходит при поддержке HodlHodl – площадки для покупки и продажи биткоинов без верификации.

Подкаст выходит при поддержке Solana – быстрого блокчейна без шардинга.

Токены SOL доступны на Binance с 9 апреля, подробности на solana.com и в телеграме @solanarus.

...и вообще везде, где вы слушаете что-то еще!

и спонсоров: , , !

а также майнинг и proof-of-stakeСсылки:Спасибо нашим спонсорам:Подкаст выходит при поддержке Zerion – понятного интерфейса к DeFi-протоколам.

Подкаст выходит при поддержке HodlHodl – площадки для покупки и продажи биткоинов без верификации.

HodlHodl Подкаст выходит при поддержке Solana – быстрого блокчейна без шардинга.

Токены SOL доступны на Binance с 9 апреля, подробности на solana.com и в телеграме @solanarus.

...и вообще везде, где вы слушаете что-то еще!

Обсуждаем перспективы биткоина в Африке, вопросы верификации и KYC, а также удивительную экономику трансграничных переводов при помощи подарочных карт.

18:30 поддержка альтернативных криптовалют21:50 почему Paxful фокусируется на Африке?

30:20 благотворительные проекты Paxful в Африке35:10 экономика подарочных карт: как африканские мигранты в США переводят деньги на родину?

1:15:00 микрокредиты на Paxful?

1:30:20 приходите работать в Paxful!

Алексей – соавтор DeFi-протоколов Neutrino и Gravity, являющихся альтернативой широко известному проекту MakerDAO, но в экосистеме Waves.

На экосистеме различие не заканчивается: во-первых, сама суть того, за счёт чего обеспечивается стабильность токена, в Neutrino несколько иная; во-вторых, есть много позитивных моментов в том, что протокол разрабатывается на Тьюринг-неполном языке RIDE.

Об этих различиях, а также о планах проекта мы поговорили в выпуске.

Сегодня вместе с Алексом Романовым, CTO Beam, мы выясняем, как Beam «вылечили» уязвимость протокола MimbleWimble к сетевым атакам и начали строить децентрализованную финансовую систему без ончейн-вычислений.

Заодно обсуждаем новинки в протоколе Beam: платежные каналы и атомарные свопы.

Подкаст выходит при поддержке HodlHodl – площадки для покупки и продажи биткоинов без верификации.

Зарегистрируйтесь и получите скидку на комиссию!

Проект сейчас развивается в русскоязычном комьюнити, у них есть группа в Telegram (@solanarus), в Вконтакте у них есть даже группа.

Всем, кому интересно, можете просто пройти ниже по ссылке, посмотреть про Wasabi или про Samourai, что это такое и как это работает.

Всё, это не ваши деньги, и там они, соответственно, уже могут и помешать, и сделать всё что угодно.

Мы, наверное, сейчас как следующей темой поговорим, что мы будем делать дальше, что у нас будет privacy pool.

С точки зрения Tornado на сегодняшний день мы не имеем какой-либо коммерческой заинтересованности, с точки зрения мы не ранаем релееров и мы не имеем никакого профита вообще с Tornado Cash.

Например, торговлю фьючерсами, то есть то, что сейчас называют DeFi, но ещё оно было централизованное.

То есть они тогда занимались больше маркетингом, то есть они вообще боялись что-то трогать.

То есть, есть люди, которые более успешно получают финансирование.

Поэтому у нас есть два уровня, то есть еще есть провайдеры, которые реально известны, которые отвечают за свои действия, то есть чистые Proof of Stake.

Мы есть в YouTube, мы есть в Twitter, подкаст есть на всех доступных подкаст-платформах, мы везде называемся «Базовый Блок» или Basicblockradio.

То есть, в принципе, надо обязательно контролить секрет обязательно во всех блокчейнах – и в Bitcoin, и в Ethereum, если мы рассматриваем своп биткоин-эфир.

То, что в первую очередь торгуется, то, что интересно пользователям другим, то есть такой у нас приоритет.

То есть там целый скрипт надо предъявить, то есть когда ты открываешь подпись.

Это немножко не то, это не свопы.

По поводу вопроса…Сергей Тихомиров: Что на что, какие валюты чаще всего меняют на какие?

Китайские майнеры давным-давно, в том числе, строят фермы и в Канаде, точно также они строят в Вашингтоне, в Штатах.

Я не знаю, Bitcoin Core разработчикам вообще интересен халвинг и его влияние, или все просто продолжается по-прежнему?

Можно было бы майнерам, которые захватили 51% на неделю, договориться что-то сделать, поменять… Ну, не на неделю, на день.

Вот у нас будет халвинг завтра, а следующий халвинг будет примерно еще через 4 года, скажем, в 2024 году.

Что думаешь, что изменится и что не изменится за 4 года?

И вот я начал с написания новостей и статей, потом разные другие штуки мы делали вместе, и вот сейчас делаем англоязычную версию.

И вот он был одним из пионеров и не бросил это, занимался этим достаточно долго и серьёзно, и это принесло плоды.

Константин Голубев: Я не знаю юридических всех моментов…Ник Штерингард: Я не уверен, вот я лично.

И какая разница, кто из нас поговорит, если у нас есть этот материал и мы можем его опубликовать и на русском, и на английском.

Я не знаю, я не прогнозирую ничего и не люблю прогнозировать.

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Head over to the App Store or Google Play Store, download cash.app and start #stackingsats today.

Use the promo code: "stackingsats" to receive $5 and contribute $5 to OWLS Lacrosse you download the app.

If you need liquidity but don't want to sell your bitcoin, they offer easy access to loans using bitcoin as collateral.

Collateral is always stored on-chain in dedicated multisig addresses with the option for you to hold a key, and your bitcoin is never rehypotheticated.

Canadian freaks need to check out Bull Bitcoin (https://bullbitcoin.com/).

Head over to the App Store or Google Play Store, download cash.app and start #stackingsats today.

Use the promo code: "stackingsats" to receive $5 and contribute $5 to OWLS Lacrosse you download the app.

If you need liquidity but don't want to sell your bitcoin, they offer easy access to loans using bitcoin as collateral.

Collateral is always stored on-chain in dedicated multisig addresses with the option for you to hold a key, and your bitcoin is never rehypotheticated.

Canadian freaks need to check out Bull Bitcoin (https://bullbitcoin.com/).

Head over to the App Store or Google Play Store, download cash.app and start #stackingsats today.

Use the promo code: "stackingsats" to receive $5 and contribute $5 to OWLS Lacrosse you download the app.

If you need liquidity but don't want to sell your bitcoin, they offer easy access to loans using bitcoin as collateral.

Collateral is always stored on-chain in dedicated multisig addresses with the option for you to hold a key, and your bitcoin is never rehypotheticated.

Canadian freaks need to check out Bull Bitcoin (https://bullbitcoin.com/).

Head over to the App Store or Google Play Store, download cash.app and start #stackingsats today.

Use the promo code: "stackingsats" to receive $5 and contribute $5 to OWLS Lacrosse you download the app.

If you need liquidity but don't want to sell your bitcoin, they offer easy access to loans using bitcoin as collateral.

Collateral is always stored on-chain in dedicated multisig addresses with the option for you to hold a key, and your bitcoin is never rehypotheticated.

Canadian freaks need to check out Bull Bitcoin (https://bullbitcoin.com/).

Head over to the App Store or Google Play Store, download cash.app and start #stackingsats today.

Use the promo code: "stackingsats" to receive $5 and contribute $5 to OWLS Lacrosse you download the app.

If you need liquidity but don't want to sell your bitcoin, they offer easy access to loans using bitcoin as collateral.

Collateral is always stored on-chain in dedicated multisig addresses with the option for you to hold a key, and your bitcoin is never rehypotheticated.

Canadian freaks need to check out Bull Bitcoin (https://bullbitcoin.com/).

Head over to the App Store or Google Play Store, download cash.app and start #stackingsats today.

Use the promo code: "stackingsats" to receive $5 and contribute $5 to OWLS Lacrosse you download the app.

If you need liquidity but don't want to sell your bitcoin, they offer easy access to loans using bitcoin as collateral.

Collateral is always stored on-chain in dedicated multisig addresses with the option for you to hold a key, and your bitcoin is never rehypotheticated.

Canadian freaks need to check out Bull Bitcoin (https://bullbitcoin.com/).

Head over to the App Store or Google Play Store, download cash.app and start #stackingsats today.

Use the promo code: "stackingsats" to receive $5 and contribute $5 to OWLS Lacrosse you download the app.

If you need liquidity but don't want to sell your bitcoin, they offer easy access to loans using bitcoin as collateral.

Collateral is always stored on-chain in dedicated multisig addresses with the option for you to hold a key, and your bitcoin is never rehypotheticated.

Canadian freaks need to check out Bull Bitcoin (https://bullbitcoin.com/).

Head over to the App Store or Google Play Store, download cash.app and start #stackingsats today.

Use the promo code: "stackingsats" to receive $5 and contribute $5 to OWLS Lacrosse you download the app.

If you need liquidity but don't want to sell your bitcoin, they offer easy access to loans using bitcoin as collateral.

Collateral is always stored on-chain in dedicated multisig addresses with the option for you to hold a key, and your bitcoin is never rehypotheticated.

Canadian freaks need to check out Bull Bitcoin (https://bullbitcoin.com/).

Head over to the App Store or Google Play Store, download cash.app and start #stackingsats today.

Use the promo code: "stackingsats" to receive $5 and contribute $5 to OWLS Lacrosse you download the app.

If you need liquidity but don't want to sell your bitcoin, they offer easy access to loans using bitcoin as collateral.

Collateral is always stored on-chain in dedicated multisig addresses with the option for you to hold a key, and your bitcoin is never rehypotheticated.

Canadian freaks need to check out Bull Bitcoin (https://bullbitcoin.com/).

Head over to the App Store or Google Play Store, download cash.app and start #stackingsats today.

Use the promo code: "stackingsats" to receive $5 and contribute $5 to OWLS Lacrosse you download the app.

If you need liquidity but don't want to sell your bitcoin, they offer easy access to loans using bitcoin as collateral.

Collateral is always stored on-chain in dedicated multisig addresses with the option for you to hold a key, and your bitcoin is never rehypotheticated.

Canadian freaks need to check out Bull Bitcoin (https://bullbitcoin.com/).

Head over to the App Store or Google Play Store, download cash.app and start #stackingsats today.

Use the promo code: "stackingsats" to receive $5 and contribute $5 to OWLS Lacrosse you download the app.

If you need liquidity but don't want to sell your bitcoin, they offer easy access to loans using bitcoin as collateral.

Collateral is always stored on-chain in dedicated multisig addresses with the option for you to hold a key, and your bitcoin is never rehypotheticated.

Canadian freaks need to check out Bull Bitcoin (https://bullbitcoin.com/).

Head over to the App Store or Google Play Store, download cash.app and start #stackingsats today.

Use the promo code: "stackingsats" to receive $5 and contribute $5 to OWLS Lacrosse you download the app.

If you need liquidity but don't want to sell your bitcoin, they offer easy access to loans using bitcoin as collateral.

Collateral is always stored on-chain in dedicated multisig addresses with the option for you to hold a key, and your bitcoin is never rehypotheticated.

Canadian freaks need to check out Bull Bitcoin (https://bullbitcoin.com/).

Head over to the App Store or Google Play Store, download cash.app and start #stackingsats today.

Use the promo code: "stackingsats" to receive $5 and contribute $5 to OWLS Lacrosse you download the app.

If you need liquidity but don't want to sell your bitcoin, they offer easy access to loans using bitcoin as collateral.

Collateral is always stored on-chain in dedicated multisig addresses with the option for you to hold a key, and your bitcoin is never rehypotheticated.

Canadian freaks need to check out Bull Bitcoin (https://bullbitcoin.com/).

Head over to the App Store or Google Play Store, download cash.app and start #stackingsats today.

Use the promo code: "stackingsats" to receive $5 and contribute $5 to OWLS Lacrosse you download the app.

If you need liquidity but don't want to sell your bitcoin, they offer easy access to loans using bitcoin as collateral.

Collateral is always stored on-chain in dedicated multisig addresses with the option for you to hold a key, and your bitcoin is never rehypotheticated.

Canadian freaks need to check out Bull Bitcoin (https://bullbitcoin.com/).

Head over to the App Store or Google Play Store, download cash.app and start #stackingsats today.

Use the promo code: "stackingsats" to receive $5 and contribute $5 to OWLS Lacrosse you download the app.

If you need liquidity but don't want to sell your bitcoin, they offer easy access to loans using bitcoin as collateral.

Collateral is always stored on-chain in dedicated multisig addresses with the option for you to hold a key, and your bitcoin is never rehypotheticated.

Canadian freaks need to check out Bull Bitcoin (https://bullbitcoin.com/).

Bitcoin Core version 0.20.1 is now available for download.

For a complete list of changes in this new major version release, please see the release notes.

If have any questions, please stop by the #bitcoin IRC chatroom (IRC, web) and we’ll do our best to help you.

Bitcoin Core version 0.20.0 is now available for download.

For a complete list of changes in this new major version release, please see the release notes.

If have any questions, please stop by the #bitcoin IRC chatroom (IRC, web) and we’ll do our best to help you.

After frequent requests, this site is now reachable as a Tor hidden service through an onion address:http://6hasakffvppilxgehrswmffqurlcjjjhd76jgvaqmsg6ul25s7t3rzyd.onion/As well as adding another means of censorship resistance, a hidden service gives an alternative trust path that doesn’t rely on certificate authorities nor DNS infrastructure.

Bitcoin Core version 0.19.1 is now available for download.

For a complete list of changes in this maintenance release, please see the release notes.

If have any questions, please stop by the #bitcoin IRC chatroom (IRC, web) and we’ll do our best to help you.

Today, the Liquid Securities platform is getting a new name: Blockstream AMP!

We’re deploying a feature-filled update to Blockstream AMP (Asset Management Platform), designed to support better any digital assets that require permissioning and tracking features.

Blockstream AMP provides the issuer with flexibility while ensuring they can reliably secure their rules at the protocol level through multisig.

Take Blockstream AMP for a Test DriveHead to the demo site to take Blockstream AMP for a spin.

To get a better understanding of what an issuance with Blockstream AMP might look like in practice, see our new case studies.

From the scrolling home screen, AQUA gives you access to all of your Bitcoin, Liquid Bitcoin, Tether USDt, L-CAD, and other Liquid assets.

Like Blockstream Green, AQUA is fully open-source.

Blockstream Green supports all major operating systems, while AQUA will be mobile-only—launched for iOS today, with android to follow.

Get AQUA NowYou can download AQUA from the App Store now.

For guides on how to obtain Liquid assets, such as Liquid Bitcoin and Liquid-based Tether, see our Help Center.

Bitcoin is increasingly under threat from a growing body of patents collected by companies inside and outside of the Bitcoin industry.

Back in 2016, we established our defensive patent strategy in the form of our Patent Pledge.

Taking our defensive patent strategy one step further, today we’re joining forces with Square Crypto in the Cryptocurrency Open Patent Alliance (COPA), announced yesterday.

The Patent Pledge is legally binding, ensuring that the patents safely become free to use for all, even non-members.

Shared patent library: Members commit all of their cryptocurrency patents to a patent pool available for other members to also use defensively.

For anyone who wants to better understand Blockstream’s products, the Blockstream Help Center is now officially live!

The new Help Center is designed to resolve that, providing you with up-to-date, easy-to-digest user guides and explainers in one central location.

More Improvements On the WayIn addition to our ongoing work on expanding the Help Center, we’re also in the process of updating our technical documentation.

We also have some important updates to our user support systems on the way, which will improve the experience for anyone that is unable to resolve their issue through self-service on our Help Center.

Let Us Know What You NeedCheck out the new Help Center now.

Eight New Members Join the Liquid FederationThis week, the Liquid Network welcomed eight new members to the Liquid Federation: CoinShares, Condensat, INX, JST Capital, Paymium, Petrushev Capital, Sevenlabs, and Satoshis Games.

As the federation grows, the security of the Liquid Network also improves—decision making over the development of the network becomes more distributed.

Liquid Integration: Coinshares intends to use Liquid as transport rails for its digital asset trading between exchanges.

Liquid Integration: INX plans to integrate Liquid Securities as a key part of its security token trading services.

And if you’d like to become a member of the Liquid Federation, contact the feder…

Today we are proud to launch the Blockstream Scam Database, the latest tool in our ongoing effort to fight scammers who hijack the Blockstream brand.

Making Scams More DifficultWe launched the Blockstream Scam Database with the purpose of significantly increasing the difficulty of operating a Blockstream-related scam.

Blockstream cannot overstate the importance of verifying the authenticity of any websites, emails, or social media accounts, especially in the Bitcoin industry.

If you encounter an account that gives any indication of not truly being associated with Blockstream, simply visit the Blockstream Scam Database to verify.

After receiving your report, we’ll either add the informatio…

Running Your Own Electrum ServerBy default, the Electrum wallet app connects to a random set of Electrum servers.

So if you’re using an Electrum wallet, we generally recommend that you run your own Electrum server and connect your wallet to that instead.

Less well known is the fact that Esplora comes bundled with an optimized Electrum server based on a separately-maintained fork of Electrs.

This week, we introduced P2P discovery as an optional feature to Esplora too, which makes Esplora the only other alternative for running an Electrum server designed for public wallet connections.

While the advanced setup may put off some personal server users, Esplora makes a great option for those loo…

The Liquid Network is enabling brand-new, more efficient ways of handling trust in financial transactions.

There are few better examples of this than SETTLENET, a non-custodial digital asset settlement platform launched today in Japan.

At launch, SETTLENET will support trading between Liquid Bitcoin (L-BTC) and Crypto Garage’s newly-launched JPY token, SETTLENET JPY (JPYS).

More Assets on the WayAt a technical level, SETTLENET can support the instant settlement of any assets issued on the Liquid Network.

If you are interested in issuing an asset on the Liquid Network, check out our technical documentation or contact our business team for more information.

Today we’re revealing the launch of the Liquid Ventures Initiative, along with a report on our first Liquid Demo Day completed at the end of last week, with Condensat Technologies, Pixelmatic, SettleBit, and Satoshi’s Games all presenting.

Liquid Ventures InitiativeThe Liquid Ventures Initiative was started to help grow the Liquid Network’s grassroots ecosystem, connecting promising Liquid projects with Bitcoin-focused investors that are interested in getting involved in the industry’s leading sidechain.

There are currently 15 VC and angel investors involved in the Liquid Ventures Initiative, including Seven Seas VC, Blockchain Capital, Castle Island Ventures, DG Lab Fund, Electric …

With Blockstream Green Desktop, you can now create 2-of-3 multisig accounts, with an additional third key held offline for recovery.

Although the mobile app can’t yet be used to create a new 2-of-3 account, you can import your Blockstream Green desktop wallet on the mobile app so that any 2-of-3 accounts created on desktop will also appear on mobile, ready for use.

However, with the launch of Blockstream Green Desktop, it’s with a heavy heart that we will be retiring the classic GreenAddress desktop app over the coming weeks.

Any previously-created GreenAddress or Blockstream Green wallet can be restored to Blockstream Green Desktop using your 24-words mnemonic backup.

Get StartedYou ca…

Check out the Light Nite Explorer (based on Blockstream’s Esplora) to see their assets in action on the sidechain.

After receiving a Light Nite token outside of the game, a player can deposit the token in their Light Nite account to receive the associated skin for use with their character in-game.

A purchased copy of the Light Nite game is required to access the Light Nite store.

The Blockstream Store and Light Nite GiveawayAt Consensus: Distributed, we will be running a Liquid asset giveaway in collaboration with Light Nite, which will have both Blockstream Store vouchers and Light Nite tokens up for grabs.

1 Trezor Model T, 1 Ledger Nano S, 1 Blockstream Metal, 10 Blockstream hats, 15 B…

In addition to the Blockstream Satellite network update, we’re also announcing the much requested satellite kits will soon be available for pre-order at the Blockstream Store!

Satellite Kit Pre-OrdersTwo ready-to-go receiver kits and an optional antenna kit will be available soon for pre-order:Blockstream Satellite Basic Kit: A consumer-grade satellite receiver, ready to connect a Bitcoin node at home.

Existing Blockstream Satellite users should note that we will be disabling the 1.0 network on June 1st 2020.

Get Started with Blockstream Satellite 2.0New users should keep an eye on the Blockstream Store to be ready to place pre-orders for delivery in June.

), get a Lightning wallet ready …

by Alex BosworthWe’re excited to announce the release of the Lightning Loop Beta.

Loop Beta is the start of a roadmap to evolve the technology of Lightning bridging to take a permanent place in the Lightning ecosystem.

But in Beta, Lightning Loop will start to offer a new method of accessing the API that is based on the LSAT project for light-weight authenticated access of APIs.

In Beta, Lightning Loop will pre-check Loop In requests to help confirm that a swap can be completed before a transaction is sent-on chain.

This will help users save on chain fees and time-locked coins by proactively preventing liquidity errors.

Gitcoin Grants Round 7 RetrospectiveRound 7 of Gitcoin Grants has successfully completed!

This is a significant milestone for the ecosystem because it shows that Gitcoin Grants is expanding beyond reliance on a very small number of funders, and is moving toward something more sustainable.

The concept of categories as it is currently implemented in Gitcoin Grants is a somewhat strange one.

ZK rollups for scalabilityFinally, Round 7 was the first round where Gitcoin Grants experimented with using the ZkSync ZK rollup to decrease fees for payments:The main thing to report here is simply that the ZK rollup successfully did decrease fees!

ConclusionsRound 7 has been a pivotal round for Gitcoin G…

In the rest of this post, we'll use "collusion" to refer to "undesired coordination" generally.

From the point of view of someone determining the rules for the voting mechanism, they don't know ahead of time whether the Orange Party is good or bad.

If a group makes a bad decision, those who approved the decision must suffer more than those who attempted to dissent.

Different coordination structures, different outcomesSometimes, more coordination is good: it's better when people can work together to collectively solve their problems.

Of course, it is very difficult to prevent communication outright, and it is very difficult to make coordination perfect.

If we want to make practical moves toward trust minimization, we want to have the ability to compare different degrees of trust.

First, my simple one-sentence definition of trust: trust is the use of any assumptions about the behavior of other people.

Not growing your own food is another kind of trust: trust that enough people will realize that it's in their interests to grow food so they can sell it to you.

You can trust different sizes of groups of people, and there are different kinds of trust.

DPOS): N/2 of small-N trust for liveness, N/2 of big-N trust for safety(assuming semi-decentralized operator, eg.

See also:One of the most powerful properties of a blockchain is the fact that every single part of the blockchain's execution can be independently validated.

First, it maximizes the chance that the node can correctly determine and say on the canonical chain - the chain that the community accepts as legitimate.

The goal of validation is then to move away from default to victory to (ideally) default to failure or (less ideally) default to chaos.

Typically, a single block in a blockchain only touches a small portion of the blockchain "state" (account balances, smart contract code....).

For a blockchain community that values immutability, implementing revert limits of this kind are arguably the…

Round 6 of Gitcoin Grants has just finished, with $227,847 in contributions from 1,526 contributors and $175,000 in matched funds distributed across 695 projects.

Why should the quadratic funding mechanism significantly increase its complexity just to achieve a gain in stability that projects could simply provide for themselves?

The Ethereum community has long been struggling to find effective ways to determine what "the community" supports, especially in cases of controversy.

Since round 5, Gitcoin Grants has had three categories per round: tech, community (called "media" before), and some "guest" category that appears only during that specific round.

ConclusionThe best news is the unmenti…

The holder of the private key \(k\) provides, as part of the public key, a "relinearization key", which you can think of as "noisy" encryptions of \(k \otimes k\) under \(k\).

Notice that the decryption equation \(\) is just a big sum of terms of the form \((ct_{1_i} * ct_{2_j}) * k_p * k_q\).

Another technique: matricesAnother technique (see Gentry, Sahai, Waters (2013)) for fully homomorphic encryption involves matrices: instead of representing a ciphertext as \(ct\) where \( = 2e + m\), a ciphertext is a matrix, where \(k * CT = k * m + e\) (\(k\), the key, is still a vector).

The fact that addition works is easy: if \(k * CT_1 = m_1 * k + e_1\) and \(k * CT_2 = m_2 * k + e_2\), then \(k…

On the media side, we do see some balance between stability and dynamism:Week in Ethereum had the highest total amount received in both the previous round and the current round.

EthHub and Bankless are also near the top in both the current round and the previous round.

An individual has two choices: contribute $10 in the current round, or contribute $5 in the current round and $5 in the next round.

a $200 match now, but the latter would give you $141 in the current round + $141 in the next round = $282.

Responses to negative contributionsThis round also introduced negative contributions, a feature proposed in my review of the previous round.

Alice and Bob want to both learn the result of computing f , but Alice does not want Bob to learn her inputs, and Bob does not want Alice to learn his inputs.

Alice and Bob want to both learn the result of computing , but Alice does not want Bob to learn her inputs, and Bob does not want Alice to learn his inputs.

Here's the circuit with labels again:At the start, Bob knows the labels 6816, 3621, 4872, 5851Bob evaluates the first gate.

However, in general garbled circuits can be used for computations that are not reversible, and so don't break privacy in this way (eg.

The labels themselves are random and so reveal nothing about the inputs, but anyone can then execute the published garbled c…

This week’s newsletter contains a warning about backdoored VM images.

Also included are our regular sections with summaries of notable improvements to clients and services, announcements of releases and release candidates, and changes to popular Bitcoin infrastructure software.

Action items● Backdoored VM images: a user on Reddit posted about losing funds after using an AWS image that came with a Bitcoin full node already installed and synced to a recent block.

New releases and release candidates for popular Bitcoin infrastructure projects.

Notable code and documentation changesNotable changes this week in Bitcoin Core, C-Lightning, Eclair, LND, Rust-Lightning, libsecp256k1, Hardware Wallet…

Also included are our regular sections with summaries of a Bitcoin Core PR Review Club meeting and notable changes to popular Bitcoin infrastructure software.

Bitcoin Core PR Review ClubIn this monthly section, we summarize a recent Bitcoin Core PR Review Club meeting, highlighting some of the important questions and answers.

How much data is returned to a user requesting the set hash?

➚How can we test for membership in the MuHash set?

➚Notable code and documentation changesNotable changes this week in Bitcoin Core, C-Lightning, Eclair, LND, Rust-Lightning, libsecp256k1, Hardware Wallet Interface (HWI), Bitcoin Improvement Proposals (BIPs), and Lightning BOLTs.

For example:The forward fee (e.g., Alice→Bob) discourages spam; it must be paid even if the receiver refuses to relay the payment.

The backward fee (e.g., Bob→Alice) encourages prompt settlement by having a refund deadline.

Any ultimate receiver who wants to use hold invoices for longer than the remaining time will now need to pay the backwards fee.

Any intermediate hop who doubts the payment will succeed before the deadline will now reject the payment, allowing previous hops to also settle the failed payment before the deadline and receive their refund.

In discussion of the idea, it did not appear that any fatal issue was discovered, although it was unclear how much enthusiasm it generated.

● CVE-2020-26895 acceptance of non-standard signatures: in some cases, LND would accept a transaction signature that Bitcoin Core would not relay or mine by default.

This is a consequence of the S value in Bitcoin ECDSA signatures being equally valid on either the high side or low side of Bitcoin’s elliptical curve (which, like all such curves, is symmetric).

Before segwit, inverting an S value—something anyone can do to any valid signature—would change a transaction’s txid, a problem known as transaction malleability.

In most cases, LND properly ensured it only sent low-S signatures that could be relayed.

Because anyone can invert any valid signature, LND was patched to allow it to transfo…

MuSig is a signature scheme that allows multiple signers to create an aggregate public key derived from their individual private keys, and then collaborate to create a single valid signature for that public key.

The aggregate public key and signature are indistinguishable from any other schnorr public key and signature.

It is, however, safe to precompute the nonces and exchange the nonce commitments early, moving one of the three rounds to the key setup stage.

This removed the requirement of exchanging nonce commitments at the cost of a more expensive signing operation.

The new MuSig2 scheme achieves a simple two round signing protocol without the need for a zero-knowledge proof.

This would ensure routing fees couldn’t be stolen by an earlier hop that deliberately failed a route.

● LN upfront payments: in the current LN protocol, the attempt to route a payment can lock part of a routing node’s funds for hours or days.

This would eliminate the bug but also require wallets to upgrade in order to be able to pay taproot users.

A previously proposed alternative would be a backwards-compatible restriction on bech32 address lengths.

This only directly provides safety to taproot users receiving payments from spenders who upgraded their wallets to enforce the new length restrictions.

● Alternative to BIP322 generic signmessage: the existing BIP322 proposes a generic message signing protocol for Bitcoin that would allow signing messages for any Bitcoin address (script) even if it used multisig or advanced features.

This week, BIP322 author Karl-Johan Alm posted to the Bitcoin-Dev mailing list an alternative proposal for message signing that would use a technique called virtual transactions.

The first virtual transaction would be deliberately invalid by attempting to spend from a non-existent previous transaction (one whose txid is all zeroes).

The advantage of using virtual transactions, which were also adopted in the BIP325 specification for signet (see Newsletter #109)…

Those incorrect results are possible even if the program’s code was well reviewed, strongly tested, formally verified, and otherwise built with the utmost care.

It also includes programs written in other languages whose compilers or interpreters were built using GCC.

Issues were opened in both the libsecp256k1 and Bitcoin Core repositories to find and mitigate any effects of this bug.

As of this writing, developers have tested Bitcoin Core 0.20.1 and not found any direct problems.

If any noteworthy problems are found in other software, we’ll provide an update in a future newsletter.

● Research into conflicts between timelocks and heightlocks: A post to the Blockstream engineering blog describes an interaction between different types of Bitcoin time locks (timelocks) and block-height locks (heightlocks).

All transactions since Bitcoin’s initial release have had an nLockTime field.

If a transaction’s nLockTime is equal to or above 500 million, it must be below the block header’s time (in epoch time).

Both conditions are true today—but they can’t both be satisfied using a transaction’s single nLockTime field.

The post notes that the same problem can apply when a transaction has multiple inputs each with their own script.

● Inventory out-of-memory Denial-of-Service attack (InvDoS): Braydon Fuller and Javed Khan posted to the Bitcoin-Dev mailing list an attack (website, paper, CVE-2018-17145) they’d previously disclosed to the maintainers of various Bitcoin and Bitcoin-derived full nodes.

The attack consisted of inv (inventory) messages Bitcoin nodes use to notify their peers of the hash of new transactions (or other data).

In the attack, an attacker would flood the victim with an excessive number of inv messages, each containing nearly the maximum allowed number of transaction hashes.

As a bug that could only crash nodes, it could not be used to directly steal from affected nodes.

However, it could be used t…

● Continued coinswap discussion: in discussion continued from two weeks ago on the Bitcoin-Dev mailing list (see Newsletter #112), several contributors developed and analyzed potential attacks against a proposed routed coinswap protocol.

If the counterparty, or a watchtower agent of theirs, is monitoring the block chain, this will fail—but the attempt will cost the attacker nothing.

The most promising solution was to require anyone spending a coinswap UTXO to spend part of the value of one of their other UTXOs to transaction fees.

This collateral payment would eliminate the costless aspect of the previously described attacks.

Fully addressing the attacks might also require some other change…

Each of these transactions includes the same two outputs with the same two amounts—one paying Alice and one paying Bob—but with slightly different scripts.

Similarly, if Bob unilaterally closes the channel, Alice gets a chance to spend his funds using a revocation key he created.

What Fournier proposed this week was only creating a single commitment transaction that would be shared between Alice and Bob.

When creating the transaction, Alice creates two private keys she’ll need to spend her output and gives Bob the corresponding public keys.

The other private key Alice created is the revocation private key, which she’ll give to Bob if she wants to revoke this channel state in favor of a late…

This week’s newsletter links to a discussion about routed coinswaps and includes our regular sections with summaries of questions and answers from the Bitcoin StackExchange, releases and release candidates, and notable changes to popular Bitcoin infrastructure software.

Selected Q&A from Bitcoin StackExchangeBitcoin StackExchange is one of the first places Optech contributors look for answers to their questions—or when we have a few spare moments to help curious or confused users.

New releases and release candidates for popular Bitcoin infrastructure projects.

Please consider upgrading to new releases or helping to test release candidates.

Notable code and documentation changesNotable chang…

● Proposed uniform tiebreaker in schnorr signatures: the elliptic curve cryptography used in Bitcoin requires identifying points on Elliptic Curves (ECs).

This can be done unambiguously using a 32-byte X coordinate and a 32-byte Y coordinate.

However, if you know a point’s X coordinate, then you can calculate the two possible locations for its Y coordinate.

The BIP340 specification of schnorr signatures for Bitcoin currently uses a tiebreaker method to minimize the amount of data needed to identify EC points in public keys and signatures.

This was recently changed so that public keys used a different algorithm based on the evenness of the coordinates, which was believed to be easier to impl…

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Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)🚀 A Wild WeekWell, that was a crazy week, wasn’t it?

Eric was also on Bankless to give his thoughts on Ethereum community, culture, staking and more - watch that here.

"Binance does not violate, and fully complies with, all applicable laws, rules and regulations in its operations," the lawsuit reads.

In the crypto community, Clayton is also known for his cautious stance on bitcoin exchange-traded funds (ETFs).

Nascent is are a multi-strategy investment firm that pursues compelling opportunities in crypto, DeFi, and the open economies they enable.

"Due to initial demand from our customers, we’ve also increased our weekly cryptocurrency purchase limit from $10K/week to $20K/week," the spokesperson said.

Project UpdatesA very healthy update from Ben this week going over the usual phase 0 updates, testnet updates, staking & taxation, and much more!

The latest round of financing was led by Blockchain Capital and includes participation from new investors IDEO CoLab Ventures, Coinbase Ventures, and Industry Ventures as well as existing investor Foundry Group.

This week, the team put out an open call for managers to apply to the DAO for an investment.

Metric DEX shipped a new version which allows you to trade any 2 tokens wallet-to-wallet u…

Eric and I will be discussing all of this in-depth on the weekly recap podcast - don’t forget to subscribe so that you don’t miss it!

- AnthonyNews of the WeekCrypto asset manager Grayscale's Ethereum Trust has crossed the $1 billion mark in assets under management (AUM).

According to the statement, investigators used software tools to identify " 54 previously undetected bitcoin transactions executed by Silk Road, all of which appear to represent bitcoin, which was the proceeds of unlawful activity, that was stolen from Silk Road in or about 2012 and 2013."

Bi-weekly update from PryLabs discussing the eth2 phase 0 mainnet announcement, the Medalla testnet, the usual development updates and …

You can catch me on this months Nugget’s News Ethereum recap here - we had a lot to talk about!

- AnthonyNews of the WeekDBS, Singapore's biggest bank, is launching a fiat-to-cryptocurrency exchange according to The Block.

"With DBS Digital Exchange, a bank-backed digital exchange, companies and investors can now leverage an integrated ecosystem of solutions to tap the vast potential of private markets and digital currencies."

"As Europeans are increasingly turning to digital in the ways they spend, save and invest, we should be prepared to issue a digital euro, if needed.

The “official” Ethereum website now has a brand new developer portal that provides a wealth of information about Ethere…

Lastly, I was on a panel with a bunch of DeFi superstars last week - catch it here.

Crypto will solely be offered on PayPal to start, with Venmo slated to follow in 2021, the people said.

Yield Protocol v1 enables fixed-rate borrowing and lending of Dai, using a new core DeFi primitive, fyDai.

The AUDIO platform token is now live on mainnet.

Anchorage and Tokensoft have partnered to launch Wrapped, a service that creates digital representations of blockchain assets on the Ethereum network.

- AnthonyNews of the WeekCrypto exchange Coinbase has published its first-ever "transparency report" quantifying the information requests it receives from global law enforcement agencies.

The report, published Friday, revealed that Coinbase received a total of 1,914 such requests in the first half of 2020.

The round had participation from firms such as Framework Ventures, DeFiance Capital, Mechanism Capital, Spartan Group, Alameda Research, NGC, Ruby Capital and Incuba Alpha Capital.

Kwenta is a dApp built on the Synthetix protocol, allowing traders to gain access to a vast range of assets on Ethereum, including forex, commodities, cryptocurrencies, and indices.

The investment round was led…

Per the complaint:"From at least November 2017 through February 2018, McAfee leveraged his fame to make more than $23.1 million U.S.

Dollars (“USD”) in undisclosed compensation by recommending at least seven “initial coin offerings” or ICOs to his Twitter followers.

The FCA said these products are “ill-suited” for retail consumers due to various reasons, including “extreme volatility” of cryptocurrencies.

The FCA estimates that retail consumers will save around £53 million (~$68 million) from the ban on these products.

First Round, IA and Polychain — existing investors in Gauntlet — also took part in the round, as did Standard Crypto.

I joined YouTuber Dapp University last week to talk about what I believe to be the next big trends in Ethereum - watch that here.

Eth2.0 Spadina testnet launch, Eth1.0 clients’ update, EIP-1559, ProgPOW, breakout-room, Peep an EIP, community updates, and more.

Alpha Homora is a protocol for leveraging your position in yield farming pools, or "dYdX for yield farming on Uniswap."

Now, with shield mining, stakers will also be rewarded in the native token of partner projects, starting with tBTC.

Governance on mainnet, first AIP vote, details on the token migration, Aave metrics and more in this update.

If you are worried about single points of failure, start by walking the walk and making the switch to Pocket TODAY!

We are partnering with ETHGlobal and sponsoring the #ETHOnline hackathon as well as providing free decentralized infra to teams.

There’s still a couple of days left to apply, but if you can’t attend please consider spreading the word!

The Singapore-headquartered digital asset exchange KuCoin said in a statement that it detected large withdrawals of Bitcoin (BTC) and Ethereum (ETH) tokens to an unknown wallet beginning at 19:05 UTC time on Friday.

Now, the OCC wants federally regulated banks to feel comfortable providing services to stablecoin issuers, it said in a press releas…

Just a friendly reminder that the best way to support EthHub is by donating to us on Gitcoin which you can do here.

This is interesting - Kraken (the exchange) has a position open for a Lead Ethereum Strategist.

Headquartered in Wyoming, Kraken Financial will be regulated by the Wyoming Division of Banking under a so-called Special Purpose Depository Institution.

Lots of content this week including updates on the eth2 standard API, networking, sync enhancements and more.

The round saw participation from Alameda Research, Arrington XRP Capital, Coingecko, and Parafi Capital partner Santiago Roel Santos, among others.

Eric and I will also be discussing more about this on the weekly recap podcast (which is delayed by 24 hours - sorry everyone)!

- AnthonyNews of the WeekChef Nomi, the pseudonymous founder of decentralized exchange protocol SushiSwap, said Friday that they returned some 38,000 ETH — worth some $14 million at press time — to the project's treasury fund.

That move ultimately kicked off a process that saw control of SushiSwap shifted to the chief executive of FTX.

Up until 20 October 2020, the Ethereum Foundation is sponsoring a Medalla data analysis and data visualization blog post challenge.

This is a new initiative designed to incentivize native integration of the Synthetix protocol across …

If you’d like to listen to Eric and I discuss our views on this, be sure to listen in to the weekly recap podcast.

Explore dapps, manage your digital assets, and more with MetaMask’s new mobile Ethereum wallet.

With the launch of uUSDrBTC-OCT on UMA protocol it is now possible to leverage Bitcoin permissionlessly on the Ethereum network.

This post from the Yam Finance team summarized all of the changes that will be included with Yam v3 (as voted on by YAM token holders).

Lots of updates from the Maker team in this piece including a blog roundup, governance updates, community highlights and more.

Another interesting week in Ethereum land with the highlight of the week being the battle between Uniswap and SushiSwap.

Fair Launch Capital is a community resource providing free access to capital for new Fair Launch networks and projects.

They are not a VC fund, rather, they provide fair launch capital.

ETH Gas Watch is an aggregated gas price feed, with email alerts for when the gas price drops below a user-defined level.

Perpetual Protocol said the round was led by Multicoin Capital, with participation from Three Arrows Capital, CMS Holding, and Alameda Research.

🙌 Medalla Testnet is Saved!

The SEC announced the move, which came after the U.S. Senate confirmed Peirce alongside commissioner Caroline Crenshaw, on August 6.

Project UpdatesIn this weeks edition, Ben gives a great recap on what happened with the Medalla testnet over the last few days as well as the usual updates and explainers.

He also put out another piece earlier in the week about the Medalla testnet incident that’s worth reading.

An update on last weeks update from the Nimbus team covering the status of their validator client.

Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)[Sponsored] 2020’s Must-Attend DeFi Event: The Smart Contract Summit Powered by Chainlink!

Get informed about AMMs, liquidity crunches, DAOs & DeFi (and whatever else gets invented by August 28th 🤷).

Be there for updates on the DeFi landscape, tech, challenges, and innovations across the space.

Eric and I will be discussing more about this in the weekly recap podcast - don’t forget to subscribe here so that you don’t miss it!

Medalla testnet recap, updates on key-management, updates on the work on stability improvements and more in this weeks update.

The rich get richer, since they have the capital to risk to earn the governance tokens.

Then, as governance token plutocrats, they can use their power to direct the protocol in ways which only further enrich themselves.

At the time of this writing, Uniswap liquidity has risen to nearly $2 billion, while SushiSwap liquidity has fallen to less than one fourth of that.

While I’ve said the Uniswap team did a lot right in this token launch, the question remains, why launch a token at all?

Is there more to UNI than that, or are these governance tokens little more than viral marketing schemes?

A Vampire Sushi ChefIn late August, a pseudonymous developer going by "Chef Nomi" announced "SushiSwap," a clone of Uniswap with "Sushi Tokenomics."

Before SushiSwap was even launched as an exchange, it was possible to earn Sushi tokens by providing liquidity to Uniswap.

Pump and Dump and PumpThe SushiSwap system directed 10% of all tokens to a wallet controlled by the pseudonymous "Chef Nomi."

The Sushi token price has recovered some of its losses.

Will users and liquidity migrate back to Uniswap once the rush to farm Sushi tokens dies down?

Understanding Open SourceThe term "Open Source Software" doesn't just mean the source code is available to view.

Instead, the term refers to projects that make their source code available with broad permission to modify and share that source code without restriction.

There are two broad classifications of licenses widely accepted in the open source world.The first family of open source licenses is so-called "copyleft" licenses, sometimes referred to as "viral" licenses.

Open source development is frequently thankless work, and while some exceptions certainly exist, there generally aren't great business models available for purely open source projects.

Brave's Browser WalletAs a general expl…

On Tuesday, August 4th, the Medalla ETH 2.0 testnet was launched.

If all goes well, this will be the final testnet before the launch of the “Phase 0” mainnet.

It’s expected the testnet will run for a minimum of 2 months before a schedule for mainnet is proposed.

Live and LaunchedTo kickoff the Medalla launch, the Ethereum Foundation hosted a livestream that nearly 2,000 people attended.

The ETH 2.0 launchpad tool made it simple to configure and run your own validators, and there were over 20,000 signed up to do so on day one.

The team behind Augur has launched the next version of their decentralized betting market protocol.

Let's review the basic premise of Augur before discussing these improvements, and what we might expect to see from Augur v2 in the coming months.

It quickly rocketed up to over $1 million at stake in its betting markets, but later slowed.

It offers a service to users— namely, betting markets— that one would assume there would be interest in.

Is it possible not that many people care to participate in betting markets?

To understand this, we need to add the next layer of the system: governance.

The governance token, called COMP, would be distributed to users in a way similar to those weighted polls of the past.

Users began intentionally lending or borrowing on Compound with the explicit goal of earning, or “farming,” COMP.

What's made it possible so far is high demand for the base governance tokens of protocols like Compound.

Even in the best case scenario, demand for these governance tokens must eventually level off as they reach a fair market valuation.

Kanye West, Joe Biden, Elon Musk, Bill Gates, and Warren Buffett were among dozens of accounts that tweeted the scam.

The first is obvious: a Bitcoin giveaway scam was used to monetize this attack.

This changed when the same scam tweets began to be shared from the personal accounts of high profile people, starting with Elon Musk.

Link As the afternoon wore on, many more high profile accounts began tweeting the scam, and it became apparent the hacker had hit more than a third-party tool.

Several hours later, presumably after Twitter addressed the issue, the accounts of these high profile users became accessible again to the user.

Left out of that discussion, though, was the grandaddy of layer 2 scaling techniques: state channels.

In this edition of the newsletter, we'll learn the basics of how state channels work, and why they're complex to implement.

We'll close by looking at why state channels haven't seen much adoption to date, but why that could be poised to change.

How State Channels WorkThe core premise of state channels is surprisingly simple to understand.

Link The most common examples for envisioning the kinds of apps which are possible with such state channels tend to be games.

In recent months, the quirky crypto world-building game called "Cryptovoxels" has garnered increasing attention.

I sent the first issue of Build Blockchain out to fifty subscribers on June 3rd, 2018.

( Issue 23 , November 4th, 2018)This week was a good microcosm of where we are in the crypto world.

In such a world, Bitcoin could exist as an asset on the Ethereum network, and both would benefit for it.

These applications increase the usefulness of Bitcoin, and thus the demand for it, all without the Bitcoin network itself having to make any tradeoffs in terms of complexity or security.

A decentralized network, and the smart contract code that runs on it, is all that is needed.

Earlier this month, the team at StarkWare announced they were pushing their novel layer 2 scaling solution to the Ethereum mainnet.

On June 2nd, 2020, a livestream was held to mark the end of the month-long HackMoney virtual hackathon.

The term antifragile was coined by Nassim Taleb, an author whose books have done much to shape my view of the world.

Money PrintingI wrote extensively about about central bank money printing in issue 90 of this newsletter, so I won't dwell on here.

While the standard narrative amongst most crypto folks is that money printing by the Fed will lead to massive inflation of the US Dollar, I'm not convinced that's a given.

Sure, the government is printing money, but the credit market has contracted and demand for dollars globally has skyrocketed.

If nations in the developing world try to print their way out of economic trouble, there may be inflation of those local currencies.

As news broke that these early coins had moved, Bitcoin's price dropped sharply.

Lerner named this the "Patoshi" pattern, and the block where the recently moved coins were mined did not adhere to it.

Maybe, maybe not, but the truth is, if people find Bitcoin's distribution unfair, they'll be less likely to adopt it.

More precisely, the existence of these 1.1 million BTC, and the risk that they'll be recovered someday, probably depresses Bitcoin's price even today.

While I do see Satoshi's coins as a liability, any attempts to "fix" this problem would probably prove more perilous than the coins' continued existence.

In this edition of Build Blockchain, we'll explore these two token projects, how they work, and what they might mean for Ethereum and all of crypto.

Users can buy and sell the tokens freely, and it's even possible to own fractional amounts.

To receive the physical tape, users must "pay" with exactly one token.

Community Points are subreddit specific ERC20 tokens that are issued to users based on their contributions.

RAC's $TAPE token is "just a stunt."

Issue #83Paper of the Week:Paper Title: Publicly Verifiable Zero Knowledge from (Collapsing) Blockchains.

TLDR: Goyal and Goyal proposed the first – and currently only– construction of a publicly verifiable zero-knowledge (pvZK) proof system that leverages a blockchain as a setup assumption.

This leaves open the question of constructing publicly verifiable zero-knowledge proofs from blockchains.

Next, a publicly verifiable zero-knowledge proof system is provided, based on any blockchain (i.e., not only proof-of-stake) that, very roughly, satisfies the following unpredictability property.

The proof system is secure against a verifier/prover that can corrupt blockchain players adaptively.

By analyzing over 190K ERC-20 tokens on Ethereum, it identifies 2,117 counterfeit tokens that target 94 of the 100 most popular cryptocurrencies.

Through this, it identifies two types of scams related to counterfeit tokens and devised techniques to identify such scams.

Findings demonstrate the urgency to identify counterfeit cryptocurrencies and mitigate this threat.

Paper Title: Threats and Opportunities: Blockchain meets Quantum Computation.

Paper Title: Signaling Value Through Gender Diversity: Evidence from Initial Coin Offerings.

Paper Title: Improving Bitcoin Transaction Propagation by Leveraging Unreachable Nodes.

Paper Title: SodsMPC: FSM based Anonymous and Private Quantum-safe Smart Contracts.

Paper Title: Towards Understanding and Demystifying Bitcoin Mixing Services.

Paper Title: Low Latency Cross-Shard Transactions in Coded Blockchain.

Paper Title: How to Not Get Caught When You Launder Money on Blockchain?

Paper Title: Transaction Characteristics of Bitcoin.

Paper Title: Payment Trees: Low Collateral Payments for Payment Channel Networks.

Paper Title: Towards Understanding Flash Loan and Its Applications in DeFi Ecosystem.

Paper Title: On the profitability of selfish blockchain mining under consideration of ruin.

Paper Title: Sovereign Digital Currencies: The Future of Money and Payments?

Paper Title: FORTIS: FORgeable TImeStamps Thwart Selfish Mining.

Paper Title: Sword: An Opaque Blockchain Protocol.

Paper Title: Fundamental Properties of the Layer Below a Payment Channel Network.

Paper Title: On (multi-stage) Proof-of-Work blockchain protocols.

Paper Title: Putting Numbers on the Coins: The Pricing and Performance of Initial Coin Offerings.

They also assume the existence of time-lock puzzles; therefore, another open question is to understand whether time-lock puzzles are necessary.

In fact, without time-lock puzzles, even sublinear-round BB under 51% strongly adaptive corruption remains open.

Paper Title: Two-round trip Schnorr multi-signatures via delinearized witnesses.

Paper Title: Game-theoretic Approach to Decision-making Problem for Blockchain Mining.

Paper Title: The Blockchain Evolution and Revolution of Accounting.

Issue #77Paper of the Week:Paper Title: Decentralized Custody Scheme with Game-Theoretic Security.

Paper Title: Practical Post-Quantum Few-Time Verifiable Random Function with Applications to Algorand.

Paper Title: CoVer: Collaborative Light-Node-Only Verification and Data Availability for Blockchains.

Paper Title: Ethna: Analyzing the Underlying Peer-to-Peer Network of the Ethereum Blockchain.

Paper Title: Regulating Blockchain?

Paper Title: KVaC: Key-Value Commitments for Blockchains and Beyond.

Paper Title: Deterministic Wallets in a Quantum World.

Paper Title: A formal model of Algorand smart contracts.

Ravishankar Shukla University, † University of Luxembourg, ‡ Robert Bosch Engineering & Business Solutions Pvt.

Paper Title: Tracking Mixed Bitcoins.

Issue #75Paper of the Week:Paper Title: The Velvet Path to Superlight Blockchain Clients.

TLDR: Superlight blockchain clients learn facts about the blockchain state while requiring merely polylogarithmic communication in the total number of blocks.

Paper Title: A General Framework for the Security Analysis of Blockchain Protocols.

Paper Title: Post-Quantum Linkable Ring Signature Enabling Distributed Authorised Ring Confidential Transactions in Blockchain.

Paper Title: Blockchain as a Confidence Machine: The Problem of Trusts & Challenges of Governance.

Issue #74Paper of the Week:Paper Title: Ebb-and-Flow Protocols: A Resolution of the Availability-Finality Dilemma.

Paper Title: Formalizing Bitcoin Crashes with Universally Composable Security.

Paper Title: NC-Max: Breaking the Throughput Limit of Nakamoto Consensus.

Paper Title: The Digital Programmable Euro, Libra and CBDC: Implications for European Banks.

Paper Title: Token-Based Platform Finance.

The main crypto-assets to be analysed against both laws and regulations include: exchange tokens (payment tokens), security tokens (asset tokens), utility tokens, fund tokens, commodity tokens, title tokens, and hybrid tokens.

Paper Title: Mimblewimble Non-Interactive Transaction Scheme.

Paper Title: Lunar: a Toolbox for More Efficient Universal and Updatable zkSNARKs and Commit-and-Prove Extensions.

Paper Title: Incentives in Blockchain Design and Applications.

Paper Title: Fintech and International Financial Regulation.

TLDR: MuSig is a multi-signature scheme for Schnorr signatures, which supports key aggregation and is secure in the plain public key model.

Paper Title: Moderated Redactable Blockchains: A Definitional Framework with an Efficient Construct.

Paper Title: Share Withholding Attack in Blockchain Mining: Technical Report.

Summary: A new family of Decentralised Randomness Beacon (DRB) protocols that are simple, secure and scalable.

Paper Title: The Too-Big-To-Fail Problem and the Blockchain Solution.

Issue #71Paper of the Week:Paper Title: Decentralized Custody Scheme with Game-Theoretic Security.

TLDR: Decentralized custody finds applications in many scenarios related to blockchain and digital finance.

A motivating example is the cross-chain asset mapping service which maps cryptoassets on one blockchain to tokens on another blockchain for inter-chain operability.

Paper Title: Regulating Blockchain?

Paper Title: Finite Blockchain Games.

Specifically, they consider machines M that run in parallel time T when using p processors.

Paper Title: Discouraging Pool Block Withholding Attacks in Bitcoins.

Paper Title: Aardvark: A Concurrent Authenticated Dictionary with Short Proofs.

Paper Title: SNARGs for Bounded Depth Computations and PPAD Hardness from Sub-Exponential LWE.

Paper Title: SklCoin: Toward a Scalable Proof-of-Stake and Collective Signature Based Consensus Protocol for Strong Consistency in Blockchain.

If you have doubts about which brand of lubricating oil to choose, see below the list with the main brands available in the country!

To assist you in this decision, check out the eight best brands according to consumer research!

1 ° LubraxThe best-selling motor oil brand in the country, the Lubrax Lubricants line offers high-tech products for cars, motorcycles, SUVs, SUVs, trucks, buses, vans and agricultural vehicles.

2nd CastrolWith over 100 years of history, Castrol is a world leader in the production of lubricating oils.

Now that you know the best brands of engine oil, you can now choose the best product for your car more safely.

Unconventional blockchain features like on-chain identity and Kusama’s “Human Blockchain Project” have also flourished beyond expectations.

The Covid lockdown coupled with novel technology and a plethora of hackathons resulted in substantial developer adoption.

Since the last Our Network report in January when Substrate had ~600 Github stars, over 2500 new developers have starred the repository, indicating a rapidly growing interest in this battle-tested blockchain framework.

The Polkadot repository alone has gone from 150 to ~1800 in that same timeframe.

Our two main hackathon events - Hackusama and the Gitcoin Hello World event (the largest Gitcoin event to date by participation) - had 50…

The Handshake economy of scale is evolving at a rapid pace.

If you’re familiar with the three body problem in mining from Anicca Research, you’ll see a similarly emerging mining economy of scale.

Coupled with a decentralized naming economy, and all the composable economies of scales that follow it up the value chain, the Handshake network effect will be of the most lucrative and diverse we’ve seen in crypto to date.

We’ve illustrated this concept using a repurposed version of their graphic to give you a 2D model of the naming/mining economy, so you can further understand its second order effects on actual states.

In less than 24 hours, the Maker contract became the 4th largest YFI holder, with >4% of the YFI supply locked in Maker.

Anyone can execute liquidations on the Aave liquidations UI, keeping the liquidation bonus.

(Source: Aave Watch)③ SynthetixThe Synthetix exchange has generated over $8m in fees in the previous nine months, which works out to be a 1.32% APY on staking.

(Source: SNX Watch)Synthetix still shows strong growth in the number of active stakers.

(Source: Synthetix Stats, SNX Tools)

Where Hegic differs from its competitors is its unique liquidity pool design for writing options.

There are three core participants of the Hegic network that eloquently interact with one another to create the Hegic system: option writers, option buyers, and staking lot owners.

Hegic utilizes a novel bidirectional liquidity pool (LP) design, that allows ETH or wBTC to be provided as liquidity, used to sell both put and call options.

Premiums paid by option buyers are paid to the LP, however, similarly profits from in the money options are paid out by the LP.

Through embracing one of DeFi’s most successful and novel constructs, liquidity pools, in one month, Hegic has attracted $32m of liquid…

The final KPI is prizes awarded.

The V3 of the protocol introduced the ability for anyone to add additional prizes to the pool.

This proved quite popular and thus far over 30 tokens representing most major DeFi protocols have been added to the prize.

Total prizes awarded by the V3 protocol already exceed $13,000 in the first two weeks.

In comparison, the V2 awarded $35,000 over the course of 14 months.

A higher gas limit means pools can produce larger blocks, which some have worried would lead to an increase in pools’, and thus the network’s, uncle rate.

However, we have shown in a previous post that there was no statistically significant increase in the uncle rate after the gas limit was increased by 25%, implying that a much higher gas limit can be safely deployed.

At the same time, our observation was that despite the deployment of an advanced Blockchain Distribution Network (BDN) infrastructure, the uncle rate wasn’t diminishing towards zero.

We used the block-to-BDN entry point to measure because it clearly indicates scenarios where BDN helps and where it is less effective.

In partic…

Different types of transactions (txs) incur different gas costs, as simple transfers consume much less gas than complex contract calls.

For example, on October 18 there were 64,223 txs on xDai, with a combined gas usage of 12,636,889,295 gas ($12.64 USD equivalent on xDai).

The following day, there were 75,252 txs and gas usage was 12,423,232,652.

This tells us that on Oct 18 there were more complex contract calls - and the data corresponds to Circles UBI contract activity.

(Note at an ETH price of $400.00, 9.4B gas usage is equal to $3,760.00)

In this case, for example, if someone wants to trade DAI-renBTC, Bunny Hop will find the bridge and route of the best price (e.g.

Note that this differs from splitting orders, as Bunny Hop considers the whole size of order for each hop.

Since its deployment in late August, there have been 40,083 hops until today and below we visualized all of them in a network.

Each node represents a token and its size shows how many times it’s been sourced in the hops.

Leaf nodes in the graph below show the newly traded tokens that needed the hops (on the right side).

For a while, PAX was the 2nd biggest stablecoin in number of senders but activity was driven mainly by the ponzi scheme MMM BSC.

Since peaking in May, activity has now dropped significantly.

The future of Paxos may not be PAX, but in white-labeling stablecoins for other parties such as Binance (and perhaps PayPal).

The two most successful SuperRare artists are Pak and Hackatao, who have earned $276k and $101k respectively in just this year alone.

In total, artists have earned over $2.8M on SuperRare and collectors have earned $865k from secondary sales.

(Source)Digital art can be appealing to DeFi speculators.

Below is a chart of historical art sales for Pak.

Early collectors were able to acquire Pak pieces for just 3 ETH, which are now selling for 33-44 ETH.

This is issue #42 of the on-chain analytics newsletter that reaches 5500 crypto investors every week 📈Data-Driven Crypto JobsAnalysts, researchers, and other members of the Our Network community are increasingly reaching out to me in search of opportunities to work in the space.

Here are some of the best open roles available now:This week our contributor analysts cover DeFi: Uniswap, 1inch, DODO, Kyber, and dYdX.

Uniswap users spent over $12.7m on gas over the past 30 days, the highest volume of any Ethereum-based smart contract.

We realize that failed transactions, in which users still have to pay for gas fees, are a major issue especially at times of network congestion.

Since the May 2020…

DODO is a nascent liquidity protocol that is gaining popularity and traction among liquidity providers and traders alike.

Two of the most important performance indicators for an on-chain liquidity provider like DODO are total value locked (TVL) and trading volume, as they directly measure the platform’s available liquidity, trader participation, and capital efficiency.

After a brief dip in TVL and volume at the conclusion of the first iteration of the DODO Carnival community incentive programs, DODO has seen a rebound in both key metrics.

As of October 8, DODO has $115.33M in TVL and $21.12Min 24-hour trading volume (Source).

Delegator Loyalty: Like account growth, the unprecedented delegator growth on Tezos has slowed.

High growth at low volume over the past year means a majority of new delegators are small investors who try Tezos delegation for the first time.

Despite the 3x price increase and the equally drastic -46% price drop over the summer, delegator loyalty is unbroken and churn rates are starting to decline again.

Out of a total of the 74k delegators, 71k delegate to active bakers, about 3k to inactive bakers.

The majority of 72.3% (39.4k) public delegator accounts are loyal accumulators who re-invest payouts or top-up their balances.

Another way to illustrate this effect is to look at the ratio of a long-term supply band over a short-term band.

The following chart shows the ratio of supply held for 1-2 years over supply held for 7-30 days.

The ratio has historically peaked during periods where price is decreasing or going sideways and hit lows as price peaks.

Currently the ratio is at levels similar to January 2016.

This is issue #40 of the on-chain analytics newsletter that reaches nearly 5500 crypto investors every week 📈Support us on Gitcoin Grants 💝Before we dive into this week’s issue, I wanted to bring to everyone’s attention that Our Network is currently accepting donations via Gitcoin Grants.

- 🕛This week our contributor analysts cover DeFi: Terra, Compound, and Set Protocol.

Currently, 54 validators from 18 nations provide security to the Terra network, with a fairly even distribution between North America, Europa, and Asia.

Here are a few examples: Due to the immense activity on the Terra network, it is very challenging to synchronize a new validator.

Since the COMP distribution began, the av…

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Our first guest is one of the biggest names in crypto art, and one of the most mysterious.

For crypto art it’s currently closer to the second one, the freelancer model, however, there is an important detail.

What advice would you give creators who are interested in exploring crypto as a new model for selling their work?

And I think that’s kind of also a cool way for people to support the artist.

And I think that’s, again, a cool way to get people into the world of crypto and supporting the arts.

Coinbase loved Anthony, Anthony loved Coinbase, but as often happens in executive hires, the timing just wasn’t right.

Like us, he became excited at the idea of working with multiple different crypto portfolio companies, focusing on areas as diverse as gaming, digital storage, payment systems, social media, creative marketplaces, and more.

And what better place to do that than at the a16z crypto funds, where we’ve been fortunate to invest in what we believe are the very best crypto entrepreneurs.

At NYSE, Anthony oversaw regulation, including working with regulators at the state, federal, and international levels.

Very few people can successfully transition from the government to an institu…

New technologies enable activities that fall into one of two categories: 1) doing things you could already do but can now do better because they are faster, cheaper, easier, higher quality, etc.

2) doing brand new things that you simply couldn’t do before.

Doing old things better tends to get more attention early on because it’s easier to imagine what to build.

The most common mistake people make when evaluating new technologies is to focus too much on the “doing old things better” category.

Early products like Salesforce were easier to access and cheaper to maintain than their on-premise counterparts.

In parallel, WebRTC is really allowing for really interesting concurrent sessions around video.

And then in parallel, WebGL and WebRTC really seem to be enabling really interesting social experiments right now in terms of new social products.

And so, I think right now, in order to experience VR, you need a headset.

So, I think that’s another thing that we’ll see if it happens or doesn’t happen over the next decade.

And so, the fact that the applications have taken off so much, and it’s made this scaling problem like a really, really urgent issue.

Jesse: Kayvon touched on the idea of dynamic pricing in these markets, and I think that’s something worth double-clicking on.

And so you’re going to need to discover the new Jay-Zs and that takes risk and speculation.

And I think that’s been true of crypto, and maybe to a bigger degree than other technology platforms, because crypto is a finance innovation.

And I think that that’s going to be a very, very powerful model that’s proven out again in that 10-year timeframe.

You can’t just put out a token and expect that it’s going to blow up overnight and you’re going to be rich and famous.

How do we know we’re even measuring the right things, and is there one key metric or KPI for measuring the health of a community?

Where do “meta communities” or where does engaging key community leaders come in?

And when it comes to developer relations specifically, where should devrel sit in an organization (product, sales, engineering)?

How do you reconcile developer as customer vs. developer as community member?

You can find the latest on company building best practices for crypto at a16z Crypto Startup School and see other pieces in our ongoing community series at a16z.com/community.

In this episode, we continue our community series with a recent discussion that applies to many kinds of community building.

In this discussion, which was recorded at our Crypto Startup School in April 2020, a16z General Partner Chris Dixon talked about building communities — specifically, communities of open-source developers — with GitHub cofounder Tom Preston-Werner.

They discussed how to engage early users, how to turn them into your biggest advocates, how to create superfans, and more.

Today, GitHub is the leading community for open-source developers and others.

They also discuss in-person communities vs. distributed communities, a topic that is very top of mind today.

We’re living in an unprecedented era of online collaboration, coordination, and creation.

But the word “members” is faceless, and doesn’t help us really understand, support (and better design for) these communities.

So what lessons of open source communities do and don’t apply to the passion economy and creator communities?

How does the evolution of online communities — really, social networks — shift the focus to reputation and status as a service?

And what if working in public is also about sharing in private, given the “dark forest theory of the internet”, the growing desire for more “high-shared context” groups and spaces (including even podcasts and newsletters)?

Building AI systems today is increasingly a problem of coordinating large-scale and widespread data-collection efforts.

The problem of the long tail is the hairline crack at the foundation of today’s AI power structure.

But it doesn’t yet explain, however, why the long tail, in particular, is often so problematic.

And, contrariwise, why would the demand side ever pay good money for the mad ravings of an untrained neural network?

With this new bit of logic, our neural network begins to take on a life of its own as a self-funding, autonomous entity.

More than 98% of the information on the web is lost within 20 years, and huge gaps exist in our digital and cultural history.

Zoran Basich and Alex Pruden of a16z talk to Brewster Kahle and Sam Williams, who are using different approaches to attack this problem.

Kahle cofounded the Internet Archive, which is well known for creating the Wayback Machine that crawls a billion URLs every day.

Williams cofounded Arweave, a company that uses decentralized crypto networks to store information forever.

They also discuss how decentralized models offer the promise of building a next-generation web that works better for users.

All of this is playing out against the broader, more profound cultural context and events around the death of George Floyd in Minnesota and beyond, and ongoing old-new debates around content moderation on social media.

So what’s hype/ what’s real — given this show’s throughline!

— around what CDA 230 precisely does and doesn’t do, the role of agencies like the FCC, and more?

Finally: how does and doesn’t Section 230 connect to the First Amendment when it comes to companies vs. governments; what does “good faith” really mean and what are possible paths and ways forward among the divisive debates around content moderation?

All this and more in this 2x+ long explainer episode of 16 Minutes.

Today’s episode is about a practical application of crypto — namely, the way it can “tokenize” fandom.

More broadly, it’s about fan engagement, and the increasingly blurred lines between sports, culture and tech.

Joining this conversation are a16z managing partner and tech investor Jeff Jordan, who has long followed the evolving relationship between sports and tech.

Also joining is Jesse Walden, a former a16z crypto partner and co-founder of Mediachain.

We discuss the evolution of models for fan engagement; how social media has changed the game; and where technologies like cryptonetworks and blockchains come in.

Led by our crypto data scientist, Eddy Lazzarin, we analyzed 10 years of data, including Reddit comments in crypto subreddits, Github commits in crypto repos, and Pitchbook funding data (more on the methodology below).

The First Cycle: 2009-2012The first crypto cycle peaked in 2011.

A key feature of crypto cycles is that each one plants seeds which later grow and drive the next cycle.

The Third Cycle: 2016-2019The third cycle, reaching its peak in 2017, is when the broader implications of crypto captured mainstream attention.

See Chris Dixon discuss the crypto price-innovation cycle in week one of the recent a16z Crypto Startup School (click here to see full-length presentations from the sc…

So we began designing a curriculum to share what we’ve learned at a16z from working with world-class crypto entrepreneurs and technologists.

And in late February, the 45 selected students gathered in the Bay Area to take part in a16z Crypto Startup School.

You can find the videos on the Crypto Startup School site, along with a supplementary course reader.

Along with Chris and Dan, presenters include Balaji Srinivasan, Jutta Steiner, Brian Armstrong, Brian Brooks, and other members of the a16z Crypto team and portfolio.

Andreessen Horowitz offers its heartfelt thanks to all the students, instructors, and mentors of Crypto Startup School for their inspiring hard work, creativity, and relentle…

In the long run, OXIO aims to financialize the largest, most ubiquitous commodity in the world that is not yet financialized: mobile connectivity.

Let’s touch on some unique ideas and use-cases that OXIO enables:Nike could offer their customers mobile connectivity.

Using OXIO, brands can not only engage with their customers in new ways, but learn valuable insights.

Given the LTV of their customers, brands can subsidize their customer’s connectivity, either in full or in part using OXIO, or simply create engagement-driven loyalty programs.

In doing so, OXIO will introduce capital markets to mobile connectivity.

The chats highlighted below include conversations with key team members at Solana, Helium, and Ribbit Capital.

Fireside Chat with SolanaRaj Gokal, the COO of Solana, joined Kyle and Tushar, the managing partners of Multicoin Capital, for the first fireside chat of the summit.

Ribbit Capital is widely regarded as one of, if not the best, fintech investors in the world.

Ribbit Capital invested with Multicoin Capital late last year and most recently raised $350 million for a special purpose acquisition company (SPAC).

At the time of publication, Multicoin Capital holds Helium ($HNT) and Solana ($SOL) tokens.

With all the money printing around the globe, I thought it would be a good time to talk Bitcoin and Crypto.

I invited Kyle Samani on the podcast because he has a great understanding of the technology and products.

The guest I’m referring to in this case is Kyle Samani.

Kyle is the founder and managing partner at Multicoin Capital, a firm that invests in all things crypto (including companies and tokens).

The Takeaway:While crypto is super volatile, it isn’t going away anytime soon (Kyle does explain why Bitcoin could struggle).

Subscribe to our Podcasts for the best insights in crypto

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Listen nowVisit this link to listen to the episode in full:DescriptionKyle Samani, cofounder and managing partner at Multicoin, joins the show to talk his current views on Bitcoin, Ethereum, and to give an update on web3 and how Multicoin is approaching the opportunity.

In this episode:

Cons: not capital efficient, limited leverage available, requires external oracle, unable to maintain peg because of lack of arbitrage loop.

Pros: simple to understand, capital efficient, offers lots of leverage, guarantees liquidity, concentrates liquidity, doesn’t require makers, easy to bootstrap liquidity.

simple to understand, capital efficient, offers lots of leverage, guarantees liquidity, concentrates liquidity, doesn’t require makers, easy to bootstrap liquidity.

MAXIMUM ORACLE MOVEMENTSome protocols limit how much the oracle price can move in a certain period of time.

Multicoin has been looking at early-stage Decentralized BitMEX opportunities for the last 12 months, and we have b…

As a result, it’s more important than ever for DeFi projects considering liquidity mining to think carefully about their incentives, and to design their liquidity mining programs to retain capital after get-rich-quick wash traders disappear.

In this essay, we explore the design space of liquidity mining and outline a framework by which DeFi teams can construct a useful liquidity mining program that incentivizes long-term capital retention.

Objectives for Liquidity MiningThe most important step when designing a liquidity mining program is to determine the exact objectives of the program.

WHEN DO THEY GET PAIDMost of the liquidity mining campaigns announced so far do not include lockup or tim…

You don’t need to go to SoundCloud to experience all of this audio.

If the audio exists on SoundCloud, it can exist anywhere on the web and mobile devices.”Nine years later, it’s clear that SoundCloud had the right vision: open audio available anywhere on the Internet.

Over the last few years, we’ve seen an explosion in decentralized services to power all forms of media across the internet.

Audius is a decentralized, censorship-resistant audio streaming platform.

By virtue of being decentralized, Audius is open.

We track the exchange token market closely (as noted in our Binance reports here and here; we also still hold a large long BNB position), and through our ongoing analysis of the space we noticed that there is a divergence between the fundamentals of Huobi and the current valuation of Huobi Token ($HT).

Huobi has expanded their product offerings significantly in the past two years, most notably into derivatives trading (for details see the section below).

$HT currently has the highest buyback ratio of any exchange token on the market at 17.8%.

In fact, $HT’s buyback ratio is 4.4x higher than the exchange token industry average.

Download the report (PDF) now to read our analysis of Huobi and …

While there are certain instances in which DeFi protocols offer lower rates today, these protocols are structurally handicapped.

Moreover, because DeFi protocols cannot underwrite trust relationships, they require higher collateralization ratios, further increasing the (opportunity) cost of capital.

And this is despite the fact that DeFi trading volumes are ~1% of CeFi trading.

To put that in perspective, crypto CeFi trading is .1 - 1% of trading across traditional asset classes (excluding FX).

If you’re building any novel DeFi protocols, or the infrastructure to power DeFi, please reach out via email or DM me on Twitter.

DescriptionEditor's Note: This video was originally published by Tom Shaughnessy on his Youtube account.

In this episode, Tom Shaughnessy talks with Ben Sparango and Tony Sheng of Multicoin capital to discuss their latest report on The Trust Spectrum.

Do not trade or invest in any project, tokens, or securities based upon this podcast episode.

Tom Shaughnessy owns tokens in ETH, BTC, CKB, STX, SNX, RUNE, sUSD, and HNT.

Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode.

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Featuring Jack O'Holleran (SKALE Labs), Stan Kladko (SKALE Labs) Interviewed by Tushar Jain (Multicoin Capital)7-8 May 2020 – The two-day Ethereal Virtual Summit agenda features 100+ ecosystem leaders and can't-miss talks on the most exciting trends in the blockchain space, from decentralized finance to Ethereum 2.0.

Welcome to the decentralized future etherealsummit.com

The Lightning Network is viewed by most as a decentralized, permissionless Visa network for Bitcoin, bringing high throughput and low latency payments to the network.

State of Lightning: Payment Channels & HTLCsAs described in the 2015 paper, the Lightning Network facilitates bidirectional payment channels chained together using HTLCs.

In the five years since its proposal, the Lightning Network has grown at a rapid pace.

Using TLVs combined with Keysend, the Lightning Network becomes an incentivized, onion-routed data network.

Web3 developers should seek to build on an open, interoperable, permissionless standard, instead.

Editor's Note: This video was originally published by Blockstack on thier Youtube account.

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Kyle Samani, the Managing Partner of Multicoin, and Muneeb Ali, the Co-Founder of Blockstack, join the The Stacks Podcast to discuss research, investment theses, and debate the biggest trends in the industry.

In decentralized networks, this includes everyone involved in investing, building, operating, using, or otherwise participating in the network.

But the interplay between ideology, reality, and financial incentives will remain a key influence on how systems of network governance are designed and evolve.

Good decentralized network governance is one that steers the network through its various stages of development towards more innovative and socially useful functions, while adequately resolving conflicts between different stakeholders participating in or affected by the network.

More democratic forms of network governance are currently underexplored and raise a number of difficult questions.

T…

In most “buyback-and-burn” token models, a network generates income in one currency token and uses the proceeds to buy-back and “burn” its own native token.

The intent is to grow token value by reducing its supply as income grows.

Unlike outstanding shares, treasury shares can’t vote or participate in the economics of the organization.

By reducing the number of outstanding shares, buybacks improve certain valuation ratios (e.g.

The buyback alone does all the work because what affects the price is how many shares participate, not how many exist – and treasury shares don’t participate.

Zooko Wilcox, a core contributing member of the Zcash community, voiced the confusion as follows:“You have to *store* your crypto in a private cryptosystem if you want privacy.

Efforts like the Zcash Developer Alliance are working to make the vision of interoperable-and-private-value stemming from Zcash a widespread reality.

Why Zcash is the Community to Bring Us PrivacyThe crypto-community most capable of bringing privacy to the masses is Zcash.

When it launched in October 2016, Zcash was the first practical implementation of Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge (zkSNARKs).

Join a Zcash community call or hop into the forum today.

Instead of paying fees to portfolio managers, investors earn fees for contributing their assets to Balancer pools [2].

The larger a Balancer pool gets, the less slippage there is when someone is trying to source one of its assets.

With decreasing slippage for key assets, Balancer positions itself to attract more traders as it becomes a more competitive venue for many of their desired positions.

An LP can contribute to an existing Balancer pool or create their own.

This flexibility has allowed Balancer to be a fertile ground for experimentation, alongside the deep liquidity pools it’s accumulating ($200M and counting).

The principles of free and open source software (FOSS) are fundamental to the ethos of the communities building blockchain networks.

While it is not uncommon for a single organization or small group of core developers to coordinate and deliver most of the work, the source code is generally open for everyone to inspect and improve upon.

Control is maintained not by keeping software proprietary, but through social and institutional means, including ideological discourse, community management, and trademark license agreements.

Despite the unique governance challenges from issuing network-specific assets to operators, investors, users, or other stakeholders, there are important similarities bet…

As smart contract platforms autonomously manage billions of dollars of capital, quantifying the portfolio risk that investors engender in these systems is increasingly important.

Recent work illustrates that Proof of Stake (PoS) is vulnerable to financial attacks arising from on-chain lending and has worse capital efficiency than Proof of Work (PoW).

Numerous methods for improving capital efficiency have been proposed that allow stakers to create fungible derivative claims on their staked assets.

This model combines birth-death Pólya urn processes and risk models adapted from the credit derivatives literature to assess token inequality and return profiles.

This model also applies to Decentr…

Geometric mean market makers (G3Ms), such as Uniswap and Balancer, comprise a popular class of automated market makers (AMMs) defined by the following rule: the reserves of the AMM before and after each trade must have the same (weighted) geometric mean.

These results include the returns and no-arbitrage prices of liquidity pool (LP) shares that investors receive for supplying liquidity to G3Ms.

Using these expressions, we show how to create G3Ms whose LP shares replicate the payoffs of financial derivatives.

These strategies allow LP shares to replicate various trading strategies and financial contracts, including standard options.

G3Ms are thus shown to be capable of recreating a variety …

Financial capital outpaces the installation of new technologies, in part because financial capital is responsible for speculating new technologies into existence.

In the process of capitalizing itself into relevance, this boom of crypto capital has built a native financial system to account for its very own bootstrapping.

While the other revolutionary technologies no doubt led to evolution within the existing financial system, none of them built an entirely new financial system from scratch.

To delineate between this superior financial system and its predecessor, I’m going to use meatspace+digital to refer to the incumbents.

On the macro level, crypto’s financial system needs to be resilien…

Blockchain enthusiasts often criticize traditional institutions for their tendency to concentrate resources and decision-making authority.

But token-weighted governance without system design features that counteract centralization are clearly open to similar criticisms.

As a result, large token holders are faced with a dilemma: abstain from participation to stay true to the ethos of decentralization, or seek to govern in a way that doesn’t disproportionately benefit powerful actors at the expense of other stakeholders.

But the problem when it comes to consumer deployments has always been the user experience and the safekeeping of private keys.

Magic offers an authentication service that’s far more secure for users and much cheaper for developers and businesses.

With Magic, developers can build services that leverage signatures to authenticate information.

Magic enables that world by separating the keys from the application and helping developers leverage digital signatures, encryption, and blockchain transactions.

But the real magic happens when creative companies combine all of this new functionality to create new business model opportunities.

In a standard proof-of-stake system, the more people stake, the more tokens are taken out of circulation. This may seem good for the price of the token, but in many cases insufficient liquidity can get in the way of network growth. So we should look for ways to create a direct, positive relationship between staking and liquidity. One idea is to use Balancer pool tokens as proofs of liquidity that can be staked in place of the network’s token, such that its liquidity grows together with staking.

There’s a huge opportunity in introducing the efficiencies of smart contracts to existing frameworks.

For example, Decentraland, an Ethereum-based virtual-reality world, recently migrated governance over its network to an Aragon DAO.

But we’ve also seen individuals set up single-member Aragon DAOs to manage their own assets in a secure vault, and companies using Aragon internally to keep transparent records.

It’s early days for Aragon and DAOs in general.

Blockchains, smart contracts, and digital assets provide the building blocks of such new infrastructure, and Aragon makes them accessible to everyone.

Information is a strange good: it’s created in unpredictable ways, you can’t know if it’s good until you have it, and it can be reproduced at no cost by anyone who does have it. This makes it hard for markets to price and distribute its value. But we can use crypto to address these challenges. Erasure is a new protocol for exchanging valuable information on the internet. It uses encryption, smart contracts, and staking with the Numeraire token (NMR) to create a trusted, decentralized venue for exchanging data.

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Data passed across the bridge will be able to trigger actions on Aragon Chain through an Aragon Agent on Ethereum.”Here is the team’s rationale around “Why Aragon Chain,” followed by a description of their investigation of Polkadot and Cosmos as two available platforms to build upon, where they ultimately decided to build upon Cosmos.

A specification of Aragon Chain is also available.

As the fuel for Aragon Chain, ARA will also have straightforward capital asset properties.

One question we have is if ARA-yield will have to be higher than the yield ANJ offers.

From there, an aggregate model that ties together ANJ, ARA and ANT economics will be the final step.

There is nothing that can provide greater security in bitcoin than holding private keys, whether an individual or business.

After exploring numerous options, we decided to enlist the help of Unchained Capital to implement our multisig set up with collaborative custody.

What is the future for small businesses and bitcoin?

Any last thoughts about bitcoin for small businesses?

Due to their nimble nature, small businesses currently have a chance to get out in front of this trend and set themselves up to create enormous opportunities for their companies, employees and the customers they serve; potentially creating a shift in the competitive playing field between large corporations and the small …

There is nothing that can provide greater security in bitcoin than holding private keys, whether an individual or business.

After exploring numerous options, we decided to enlist the help of Unchained Capital to implement our multisig set up with collaborative custody.

What is the future for small businesses and bitcoin?

Any last thoughts about bitcoin for small businesses?

Due to their nimble nature, small businesses currently have a chance to get out in front of this trend and set themselves up to create enormous opportunities for their companies, employees and the customers they serve; potentially creating a shift in the competitive playing field between large corporations and the small …

Unchained Capital + Coldcard – PSBT Done RightThe first notable aspect of this integration is that Unchained Capital now speaks PSBT.

This standard for saving partially signed transactions is relevant to all Unchained Capital clients whether you’re signing on your own or collaborating with others.

Air-gapped OnlyBoth Unchained Capital and Coldcard clients are obsessed with security.

Your Coldcard will never need to touch a computer or the internet to transact with Unchained Capital.

We’ll be adding full Coldcard support (air-gapped only) to Caravan for trust minimized external recovery from vaults and loans.

Unchained Capital + Coldcard – PSBT Done RightThe first notable aspect of this integration is that Unchained Capital now speaks PSBT.

This standard for saving partially signed transactions is relevant to all Unchained Capital clients whether you’re signing on your own or collaborating with others.

Air-gapped OnlyBoth Unchained Capital and Coldcard clients are obsessed with security.

Your Coldcard will never need to touch a computer or the internet to transact with Unchained Capital.

We’ll be adding full Coldcard support (air-gapped only) to Caravan for trust minimized external recovery from vaults and loans.

Coldcard is a premium hardware wallet for sophisticated users.

Unchained Capital is pleased to support Coldcard’s air-gapped functionality, along with maintaining support for Trezor and Ledger.

What you need:Unchained Capital supports Coldcard for air-gapped data transfer only.

This means that additional supplies are required:Initialized Coldcard Mk 2 or Mk 3 with the most recent firmwareMicroSD cardMicroSD card reader for your computerCreate an Unchained Capital AccountLog in at my.unchained-capital.com and fill out required onboarding information depending on which products you want to use.

Export the Xpub from the Coldcard

Coldcard is a premium hardware wallet for sophisticated users.

Unchained Capital is pleased to support Coldcard’s air-gapped functionality, along with maintaining support for Trezor and Ledger.

What you need:Unchained Capital supports Coldcard for air-gapped data transfer only.

This means that additional supplies are required:Initialized Coldcard Mk 2 or Mk 3 with the most recent firmwareMicroSD cardMicroSD card reader for your computerCreate an Unchained Capital AccountLog in at my.unchained-capital.com and fill out required onboarding information depending on which products you want to use.

Export the Xpub from the Coldcard

The OCC is giving banks the greenlight to custody bitcoin, bitcoin exchanges are becoming banks, and public companies are starting to stack a lot of sats.

We do so by making multisig easy to access through collaborative custody, while also ensuring that clients remain in unilateral control of private keys.

Unchained Capital has taken to calling multisignature where responsibilities are distributed across multiple parties “collaborative custody”.

The future of collaborative custody will preserve these strengths, while bringing more options and flexibility to both individuals and businesses, allowing clients to better tailor bitcoin security to their own respective needs.

When we launched our…

An increasing number of businesses are looking for ways to leverage bitcoin, whether as an active strategy or by holding it in reserve as a treasury asset.

“MicroStrategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy.” – Michael Saylor, MicroStrategy CEO (link) “Providing custody services for [bitcoin] falls within these longstanding authorities to engage in safekeeping and custody activities.

If a business is to leverage the strengths of the bitcoin protocol and own bitcoin as a reserve asset, it must first become comfortable with custody and security of the asset.…

Economic imbalance and growing inequality is the new normal, but there is nothing natural about sustained economic imbalance.

The one constant in bitcoin is its fixed supply; there will only ever be 21 million bitcoin, and there is nothing anyone can do about it.

Setting aside taxes and regulatory capture for a moment, if one wants to acquire bitcoin, he or she will have to provide value in return, and bitcoin will become the arbiter of that value.

By making the nominal amount of bitcoin zero-sum, it ensures that the economic system is non-zero sum.

Bitcoin held in smaller denominations continues to grow steadily, while bitcoin held in larger denominations continues to decline.

An open source collaboration between Unchained Capital and SatoshiLabs engineers gives Trezor hardware wallets the ability to confirm multisignature addresses displayed in a browser on the device, protecting bitcoin multisignature users from browser-based attacks.

The CollaborationAt Unchained Capital, we work with multisignature addresses in the browser, much like Trezor’s wallet (wallet.trezor.io) coordinates single signature addresses via the browser.

Dhruv Bansal, co-founder of Unchained Capital, and Szymon Lesisz and Pavol Rusnak of SatoshiLabs collaborated on open source development in order to improve Trezor Multisignature functionality by enabling a critical function for multisignat…

For those looking to avoid selling their bitcoin, bitcoin-backed loans are an option to get dollars today without making a sale.

In this article, we’d like to share some information about how bitcoin-backed loans work and who should use them.

Factors to Consider in Getting a Bitcoin-Backed LoanHere are a few important factors to consider before taking out a bitcoin-backed loan.

Unchained Capital loans are allowed to be prepaid without penalty, so clients are free to end loans early at no additional cost.

ConclusionWe hope that this guide has answered your most pertinent questions about bitcoin-backed loans.

Unchained Capital is excited to be partnering with Tantra Labs (Tantra), which leverages Unchained’s collaborative custody platform to secure bitcoin held in cold storage.

Given the nature of its operations and strategies, Tantra holds a material percentage of its assets offline in cold storage, requiring best-in-class multisignature custody through Unchained Capital.

Tantra specializes in algorithmic trading strategies to deliver enhanced yield-based products and Unchained specializes in custody infrastructure and multisig technology solutions.

Collaborative custody and Unchained’s open source Caravan tool collectively remove counterparty risk from the custody equation for Tantra and ensur…

Importing your external spend information file and connecting your hardware wallets gives you full freedom to move your funds without interacting with the Unchained Capital website in any way.

The Steps to External RecoveryThis is a short video of the full external recovery workflow from vaults using Caravan, and below the video, you will find complete written instructions.

GuideAfter creating your multisignature address on the Unchained Capital Website, select the external spend information menu, and download the external spend file.

The file contains important information that you would need to spend bitcoin externally to Unchained, but does not give someone who discovers it the ability t…

If Alice wants to send Bob 1 bitcoin, Bob will want to know that Alice actually has the funds to send.

new test results, can be made relatively costlessly.

Here’s how a health certificate and contact tracing system using LSATs might look:We start with a known and respected testing service that establishes a well-capitalized Lightning node.

Using the LSAT system and lightning node’s public key associated with it, payments or subsidies could be offered to those able to present a valid proof-of-test LSAT.

A related challenge is adoption of lightning and bitcoin and some of the stigmas associated with these technologies that continue to persist.

A few weeks ago, I gave the attached presentation (see below) at the Value of Bitcoin Europe conference (June 3, 2020).

The presentation discusses recent and unprecedented actions taken by the Federal Reserve in response to global macro crises.

Through the end of May 2020, the Fed digitally created $2.9 trillion dollars over the course of a 13-week period.

While investors in the mainstream will rationalize it as crazy but necessary to stave off a crisis, it is more appropriately “crazy but still crazy” and marks the end of the beginning, which is the title of the presentation.

The central banking model trades short-term stability for long-term volatility while bitcoin trades short-term vola…

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Regular vs blind merge miningIt is also important to explain and identify two theoretical types of merge mining: regular merge mining and blind merge mining.

Regular merge mining is conducted by Bitcoin miners, while blind merge mining can normally be conducted by anyone, who then pays Bitcoin miners in fees.

Characteristics of regular vs blind merge miningRegular merge mining Blind merge mining Who conducts the mining?

Unfortunately, as far as we are aware, currently merged mining is primarily conducted the regular way, and blind merge mining is relatively rare.

Examples of blind merge mining systems include two competing proposals: an earlier proposal from Paul Sztorc’s (who identified ma…

Abstract: In this short piece, 100x Group grantee Calvin Kim provides a quick update on the development of the Utreexo implementation.

Calvin is now looking forward to focusing on performance, integration with existing Bitcoin implementations, and adding robust tests to the codebase.

Last year, when my first PR was merged, the Utreexo project was just past its proof of concept stage.

With the merge of https://github.com/mit-dci/utreexo/pull/192 which revamps the disk-storage for Utreexo bridgenodes, I believe we’re a step further in completing our implementation of the Utreexo project.

If anyone is interested in contributing to the project, do check out github issues (https://github.com/mit…

All the funds were swept away in a short amount of time and in one case, remarkably, the funds were taken in around 0.67 seconds.

Remarkably, three of the deposits were swept away before our transaction even got confirmed into the blockchain.

In one case, an independently run Bitcoin node witnessed the transaction sweeping away funds occur just 0.670 seconds after it saw the original transaction enter its memory pool.

This extremely fast sweep applied to the address with the passphrase “Call me Ishmael”, the opening line from the novel Moby-Dick.

Speed the brainwallet funds were swept away (Blocks)(Source: BitMEX Research)(Notes: The first four sweeps all occurred in the same transaction)Tr…

Lack of liquidity – Liquidity on the dex was low and there was little incentive to be a market maker.

For example if the pool contains 4,000 USDT and 10 ETH, the ETH price can be calculated as 4,000/10 = $400.

However, the lack of a native UniSwap token created an opportunity for copycat dexes, to use UniSwap’s methodology, while adding a native token.

The recent defi boomRecently defi has enjoyed phenomenal growth and dexes such as UniSwap have been key to the defi success.

Therefore, even if USDT and WBTC become the dominant tokens on the dexes, defi is still somewhat interesting, in our view.

Abstract: We have installed the Blockstream Bitcoin Satellite system, a way to download and verify Bitcoin’s blockchain via satellite, without the need for an internet connection.

OverviewFollowing on from our experimentation with Bitcoin miners a few weeks ago, in this piece we install and use the “Bitcoin Satellite”, a product supplied by Blockstream.

(The satellite antenna on the roof of the building)(The satellite antenna was connected to a laptop via the S400 Pro Satellite receiver)(The S400 Pro Satellite receiver web management console)UsageWe synced the Bitcoin node to the current tip using the internet and once the tip was reached, we disabled the internet connection by adding conne…

Key HighlightsCrypto Spot Volumes Soar, with Top Tier Exchanges DominatingIn August, Top-Tier volumes increased 58.3% to $529bn while Lower-Tier volumes increased 30.2% to $291bn.

Derivatives Volumes Surge by 54%Derivatives volumes increased 53.6% in August to $711.7bn.

Derivatives exchanges saw significant increases in trading volume in August.

Exchange Benchmark AnalysisIn August, Top-Tier volumes increased 58.3% to $529bn while Lower-Tier volumes increased 30.2% to $291bn.

Following the July update to CryptoCompare’s Exchange Benchmark Ranking, the data shows that higher risk exchanges have generally lost market share, as users begin shifting to lower risk (Top-Tier) exchanges.

Abstract: We provide a follow up to our previous piece, a comparison between the Antminer S19 Pro and the Whatsminer M30S+.

Image taken after 3 hours of miner use)Figure 4 – Thermal image of the Antminer S19 Pro(Notes: Lowest temerature: 23.4°C.

Image taken after 3 hours of miner use)The following thermal image shows the Antminer from above.

Figure 5 – Thermal image of the Antminer S19 Pro from above(Notes: Lowest temerature: 23.2°C.

Image taken after 3 hours of miner use)DisclaimerPlease note, this should be considered as a very amateur analysis.

Abstract: We compare and measure various performance metrics for two of the latest and most energy efficient Bitcoin mining products, MicroBT’s Whatsminer M30S+ and Bitmain’s Antminer S19 Pro.

MicroBT’s Whatsminer M30S+, available for US$1,580 and Bitmain’s Antminer S19 Pro, with a list price of US$2,407.

It should be noted that the Whatsminer M30S+ is not MicroBT’s most advanced product and a more efficient Whatsminer M30S++ has been released.

Miner Reported Hashrate (TH/s) Efficiency (J/TH) Antminer S19 95 34.5 Antminer S19 Pro 110 29.5 Whatsminer M30S+ 100 34.0 Whatsminer M30S++ 112 31.0HashrateBitmain’s S19 Pro has a reported hashrate of 110 TH/s, while the Whatsminer M30S+ can reported…

Key HighlightsTop-Tier Exchange Volumes Surge, Gaining Market ShareIn July, Top-Tier volumes increased 42.1% to $334bn while Lower-Tier volumes decreased 38.1% to $224bn.

The top 4 exchanges Huobi, OKEx, Binance and BitMEX represented 90% of the volume traded on this day.

In July, Top-Tier volumes increased 42.1% to $334bn while Lower-Tier volumes decreased 38.1% to $224bn.

Top-Tier exchanges now represent 60% of total volume.

In July, volume from the 15 largest Top-Tier exchanges increased 69% on average (vs June).

Eventually, towards the end of the softfork window, two different softforks, a flag day softfork (BIP148) and an 80% miner threshold softfork (BIP91) made signalling for the Segregated Witness softfork mandatory and therefore it finally activated.

Based on our illustration we think there are essentially six reasonably likely choices when it comes to modern softfork activation.

Activation logic to be included in Bitcoin CoreIn favour of including activation logic in Bitcoin Core Against including activation logic in Bitcoin Core If the activation methodology is not implemented in Bitcoin Core, then there is the problem of achieving coordination over the activation parametersAt the same time,…

Illustration of Bitcoin Core’s new peer selection methodologyCall to action: testing and improving asmapThe new asmap feature to better diversify network peers is now available in Bitcoin Core 0.20.

Be the first to use new security features of Bitcoin Core node, help make them secure and easy to use, and contribute to Bitcoin-related utilities!

Background: connectivity, eclipse attacks and spyingEvery Bitcoin Core node nowadays by default establishes 10 connections (8 full connections and 2 block-relay-only connections).

One may also take a look at the asmap integration into Bitcoin Core, discussed in the review club.

3 Start your testing Bitcoin Core node with the `-asmap=` config option p…

Key HighlightsCrypto Volumes Plummet in JuneIn June, both Top Tier volumes and Lower Tier spot volumes decreased drastically to $177bn (-36%) and $466bn (-53%) respectively.

Among the top 15 top tier exchanges, they currently represent approximately three quarters of spot volume.

In June, both Top Tier volumes and Lower Tier volumes decreased drastically to $177bn (-36%) and $466bn (-53%) respectively.

In June, volume from many of the largest Top Tier exchanges decreased 35% on average (vs May).

All derivatives exchanges saw large decreases in trading volume in June, with BitMEX decreasing the most proportionally (-50.3% to $51.6bn).

Abstract: We look at the history of Bitcoin mining ASIC manufacturers, in particular the reported energy efficiency of the mining machines.

In conclusion we think that post the 2020 Bitcoin halving, further industry consolidation is likely in both the ASIC manufacturing sector and mining farm operating sector.

CanaanAs we mentioned in our December 2019 piece on the Canaan IPO, Canaan acquired the Avalon name in 2014.

(Source: Ebang 2020 IPO prospectus)Ebang launched its first product in late 2016, the Ebit E9+.

However, for a highly volatile and capital intensive industry like Bitcoin ASIC manufacturing, which can appear mysterious and opaque to traditional investors, perhaps it is not too …

That was a really really crazy time for me with all the farming going on.

One of the problems with defi tokens until that point was that they were pretty illiquid.

DS: Perhaps not many of the current community share this aspiration of mine, but I really really want to see synthetic stablecoins outside of the USD being used outside of trading purposes and as an alternative to “official” digital fiat currencies.

don’t really like buy-and-burn models because you need to assume going concern and a secondary market bid.

I almost didn’t even want to farm the YFI tokens because I was thinking, “What would they govern, and why would they govern?

Even inside the crypto market or equities market, there exist many different products, many different time zones etc.

I think BTC is the clear denomination for the biggest players in crypto, that’s your CZs and miners and exchanges.

So I think BTC has the network effect as the base money and that is very hard to overcome.

Therefore I think ETH is currently in a more precarious situation than people realise:The ETH 2.0 roadmap is very complex.

The roll-up roadmap is promising but I don’t think it will deliver the things people are hyping it to be.

Today, I’m sitting down with Su Zhu, my co-host and friend, to talk about the state of the crypto market and what he’s seeing on the horizon.

But in practice, what has happened is that the largest players in crypto itself just use it as a money market.

If you don’t need to make money on trades … so, people who LP in Uniswap don’t need to make money, right?

So, to say that because he’s short selling – it kind of just tells you the mood of the market, right?

But in Ethereum Defi, there’s this big meme around like, oh you never sell, oh you never do this or do that.

So I think you’re right, but I think there’s some nuance there where it doesn’t have to converge.

So, I mean, in general, it depends on how specific we want to be on what is perpetual swap, right?

You’re, you’re giving the market a market order.

Because if you’re letting your long expire, you’re basically if you’re market neutral, you’re presuming, you’re saying the market that you’re going to now bid spot to replicate your exposure back to get your long back.

Su Zhu (00:48:50):I think there’s, there’s a lot of there’s a lot of cool stuff that can be done.

I’m, I’m, I’m just personally not a fan of that design pattern.

Because I’m, I’m, I’m also a interesting it’s, it’s interesting how my, my feelings on this has changed over the last few months.

And, and so, so, so that’s, that’s, that’s originally where our discussion started.

So yeah, that’s, that’s, that’s hopefully a step in, in a, in a better direction.

Which, which, again, I’m, I’m, I’m happy to, to, to challenge and fight and to see where it goes.

And, and, and that’s, that’s still the purpose of the yearn system overall is to maximize APR for its LPs.

And that’s where I’d like to see it as well, because I’m, I’m, I’m a, I’m a big, I’m a big advocate for sustainable yields.

Like it’s, it’s, I’m, I’m, I’m really actually unhappy with it, but at the same time, it was very interesting to see, but, but I, I traced all of the sell events.

So, so I’m, I’m, I’m tempted to say that that’s already, I’m already observing that.

But again, that’s, that’s, that’s one of those, those fascinating side effects that like, like so much has already happened, that I could not predict them in any kind of design ideas.

Someone on Twitter asked me about the thesis that an intolerant minority can defend Bitcoin.

I think the concept of the intolerant minority is frequently misapplied in Bitcoin.

Bitcoin is less defended by an intolerant minority than it defends against an intolerant minority.

When a sufficient number of people from the otherwise-tolerant majority disagree with a special interest group, they can branch into their own special interest group.

The more intolerant it is, the larger special interest groups need to be.

He then discusses similarities of the crypto market structure to that of FX markets.

A Concise Study (by Su): In a quick analysis, Su shows how an ETF-like strategy of “buying the top 10 coins” would have performed against BTC.

The Great Race to Crypto Banking (by Hasu): Crypto exchanges and their competitors are racing to adopt, -and ultimately democratize- financial services known from legacy finance.

Bruno and Bill: a Story of Broken Trust while Building a Trustless Protocol (by Su and Hedgedhog): Su and Hedgedhog revisit the story of an ICO founder gone rogue to highlight the risks from key man risk, and admin access more generally, in DeFi.

Navigating the Crypto Gambling Wasteland (by …

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Why this bull run is fundamentally different from 2017Bitcoin is nearing its prior all-time high (ATH), set in December 2017. It’s entirely plausible that we could regain the heady $20,000 level within the next few weeks or months.This time, it’s happening without much fanfare, and without the Initial Coin Offering (ICO) phenomenon which intensified the price action (investors bought BTC in order to participate in ICOs, driving the price up).If you gauge metrics of retail investor interest in the asset, whether it’s tweets or google searches, Bitcoin is still languishing well below it’s highs. This is causing a fair amount of puzzlement.Many are wondering what the cause of Bitcoin’s renewed…

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