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Introducing ZK Sync: the missing link to mass adoption of Ethereum

Matter Labs' trustless scaling & privacy engine built on ZK Rollup A successful solution to the scaling problem in public blockchains is not only a matter of high transaction throughput. It must also be defined as the ability of the system to meet…

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Greeks set to face heavy fines if they don't spend 30 per cent of their income electronically

The government expects to raise more than €500 million ($808 million) every year from the initiative that will force Greeks to spend 30 per cent of their income electronically, Alex Patelis, the prime minister's chief economic adviser…

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The Lesson to Unlearn

The most damaging thing you learned in school wasn't something you learned in any specific class. It was learning to get good grades. When I was in college, a particularly earnest philosophy grad student once told me that he never cared what grade…

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Filecoin Testnet is Live

Today marks an important milestone for the Filecoin project: the launch of the Filecoin testnet (on schedule)! After significant research, design, and development, the Filecoin protocol is ready for live network testing. We're thrilled to share it…

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Under A HEX

Fair warning: This is going to be a lengthy analysis, but I promise the pay-off is worth it. I have seen several articles that call HEX a Ponzi or Pyramid Scheme, both of which it isn't. It has many features of these, but is unique in that it has…

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How to turn $20M into $340M in 15 seconds

Anyone with ~40,000 MKR (about 20,000,000 USD) can steal all of the collateral in Maker DAO, both DAI and SAI, along with a good chunk of assets from Compound, Uniswap, and other Maker integrated systems (over 340,000,000 USD). Maker DAO v2 (AKA…

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Quadratic Payments: A Primer

Special thanks to Karl Floersch and Jinglan Wang for feedback If you follow applied mechanism design or decentralized governance at all, you may have recently heard one of a few buzzwords: quadratic voting, quadratic funding and quadratic attention…

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Don't buy bitcoin, warns wealth manager: We're likely 'going to see cryptocurrencies collapse

The price of bitcoin surged more than 15 percent on Tuesday and briefly crossed the $5,000 mark for the first time since mid-November. It's still well below the all-time high it hit in December 2017 of near $20,000. Other virtual currencies saw…

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Cryptocurrency Is Most Useful for Breaking Laws and Social Constructs

This post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Jill Carson is co-founder of the Open Money Initiative, a non-profit research organization working to…

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Brace for the Digital-Money Wars

THE NOT-TOO-DISTANT FUTURE—The National Security Council holds an emergency meeting. North Korea has launched a missile, capable of carrying a nuclear warhead within range of U.S. forces in Guam. At this rate, North Korea could land a nuke…

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How to turn $20M into $340M in 15 seconds

Anyone with ~40,000 MKR (about 20,000,000 USD) can steal all of the collateral in Maker DAO, both DAI and SAI, along with a good chunk of assets from Compound, Uniswap, and other Maker integrated systems (over 340,000,000 USD). Maker DAO v2 (AKA…

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Metal Bitcoin Seed Storage Stress Test (Round III)

Note: This is a recurring series; here you can read Round I and Round II. For this round of testing I'm repeating the same procedures but with the addition of another realistic stressor - accelerated cooling after being heated. In a house fire…

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Announcing Crypto Startup School Instructors

Last month we announced a16z Crypto Startup School — a part-time, seven-week educational program that will run from February 21 – April 3, 2020. Today, we are excited to share a list of instructors that will be featured in the…

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I'm Not an International Drug Dealer

‘…a new mode of obtaining power of mind over mind' – Jeremy Bentham, 1798 The panopticon was a prison design conceived by the rationalist Jeremy Bentham, and detailed in his 1798 writings of the same name. As a feat of…

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'I lost my £193,000 inheritance - with one wrong digit on my sort code' | Banks and building societies

It is the stuff of financial nightmares. You get one digit wrong on the sort code, and send a huge amount of cash to the wrong person. They refuse to return it, and the bank washes its hands of the matter, blaming you for the mistake. That's what…

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Three Men Are Charged in $722 Million Cryptocurrency Fraud

Three men were charged with helping run a $722 million cryptocurrency fraud that amounted to a “high-tech Ponzi scheme,” U.S. Attorney Craig Carpenito in New Jersey said in a statement. Prosecutors said that, from 2014 until this…

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Inside Kraken Security Labs: Flaw Found in Keepkey Crypto Hardware Wallet | Kraken Blog

Kraken Security Labs has found a way to extract seeds from a KeepKey cryptocurrency hardware wallet. All that is required is physical access to the wallet for about 15 minutes. This attack relies on voltage glitching to extract your encrypted seed…

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Lighthouse Update #19 - Public Testnet

We are now hosting publicly-accessible Lighthouse nodes and provide instructions for running your own beacon node and/or validator client. In other words, we have a public testnet that you can join today. Get started with our documentation Before…

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Mark Cuban Says 'No Chance' For Bitcoin To Become A Reliable Currency

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] Bitcoin (BTC) has faced its fair share of criticism in the eleven…

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Expanding the Bakkt Bitcoin Product Complex

Intercontinental Exchange's acquisition of the International Petroleum Exchange in 2001 led to one of the most important contracts ICE would ever offer — the ICE Brent Crude Oil Futures. This physically delivered contract has become the…

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