Bad secrets, why Pi is the answer, and building a regulation-proof exchange
Welcome to the CoinDesk Weekly Review 6th September 2013 - a regular look at the hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host ... John Law. To keep your secrets, you must reveal all. There is a an old electrician saying about fuses. When one blows, a klutz replaces it, but an expert finds out why it blew in the first place. So it is with computer security. It is relatively easy, once you've found a flaw, to fix it. It's often much harder to find out why that flaw was there in the first place,....
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More revelations have come to light since the trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), commenced last week. Part of these secrets include the alleged illegalities that went on in FTX and its sister company, Alameda Research. FTX Offered To Pay Whistleblower $5 Million According to a report […]
In the modern classic movie Sneakers, a ragtag team of hackers and security engineers attempt to pull off the mother of all crypto-heists - they are hired to steal a hardware device that is capable of decrypting anything. The movie, written and produced in the early 1990s, is oddly prescient about the subject of cryptography and how much of our modern technology depends on its infallibility. The film's ending, viewed through the lens of the last decade, takes on a completely new, almost parodical, meaning: the NSA turn out to be the good guys. Last month, the U99 group announced plans to....
A text threatening to prohibit cryptocurrencies relying on energy-intensive proof-of-work mining has been deleted from the draft legislation aimed at regulating the European crypto space. The move comes after the controversial provision sparked objections from the crypto community. MiCA Proposal Drops Ban on Proof-of-Work Coins Wording that could have banned cryptocurrencies with proof-of-work (PoW) mining, like bitcoin, is missing in the latest version of EU’s Markets in Crypto Assets (MiCA) framework. The European Parliament (EP) was expected to approve the proposal on the last....
The seemingly unstoppable growth of “darknet” marketplaces is creating a new commodity industry – corporate insider information. The mainstream media would have you believe the dark web is primarily for distributing drugs and child pornography — much as they did with the regular Internet back in the mid-1990s. Anonymous Markets Tempting for Corporate....
The company claimed its PoR product can restore trust in crypto exchanges through greater transparency, but not everyone is convinced. Chainlink Labs offered its Proof of Reserve product as a solution to future trust issues in the crypto exchange market on Nov. 10. In a tweet thread, Chainlink Labs asked “Will crypto continue to repeat the mistakes of the traditional black-box financial industry? Or will a better system emerge?”#Crypto is at a crossroads. Will crypto continue to repeat the mistakes of the traditional black-box financial industry? Or will a better system emerge? A better....