Epstein files show crypto ties to Coinbase, Blockstream: DOJ
Convicted sex offender Jeffrey Epstein’s hidden crypto investments came to light in a new release of so-called Epstein files — documents from the U.S. Department of Justice (DOJ), revealing his $3 million stake in Coinbase and links to Bitcoin developer Blockstream. ...
The Xbox and Ethereum’s Dual Mandate
The Necessity to Build and Launch an Ecosystem on Genesis Day Imagine if Microsoft released the Xbox and there were no games. On the day on which the Ethereum genesis block is created, many of the elements of the ecosystem — core infrastructure, mining network, user app browser and applications — will be in place. Granted there will be an...
Trump MAGA statue has strange crypto backstory
A 15-foot-tall statue of former President Donald Trump, cast in bronze and gilded in gold leaf, has a home: a 7,000-pound pedestal at one of Trump’s golf resorts. But this monument, dubbed “Don Colossus,” is not just a tribute to the 34-felony-count president. According to the...
Long-Range Attacks: The Serious Problem With Adaptive Proof of Work
Our current proof of work design, blockchain-based proof of work, is the second iteration of our attempt to create a mining algorithm that is guaranteed to remain CPU-friendly and resistant to optimization by specialized hardware (ASICs) in the long term. Our first attempt, Dagger, tried to take the idea of memory-hard algorithms like Scrypt one step further by...
Trump token initiative begins: More pay for play?
The Trump family isn’t done with memes. The U.S. president’s media group, Trump Media & Technology Group (TMTG), announced its “Digital Token Initiative” this week. Shareholders of TMTG, according to the release, will soon be eligible to receive a digital token linked to the MAGA-focused Truth...
On Long-Term Cryptocurrency Distribution Models
One of the challenges when creating a new cryptocurrency is figuring out what the distribution model is going to be. Who is going to receive the currency units, at what time, and what is the mechanism that decides? Despite the crucial importance of this question, there has actually been comparatively little thought into the issue compared with other...
Aave founder Stani Kulechov drops $30m on London mansion
Stani Kulechov, the founder of the decentralized lending platform Aave, made headlines by purchasing a luxurious £22 million ($30 million) mansion in London’s exclusive Notting Hill area, even as tensions over Aave’s brand ownership continue to simmer. ...
Trillion Dollar Security Day at Devconnect
During Devconnect Buenos Aires, the Ethereum Foundation and Secureum TrustX brought together Ethereum security practitioners for Trillion Dollar Security Day, a focused event exploring what it would take to securely support a trillion-dollar Ethereum economy. The event brought together around eighty participants from across the Ethereum Security Ecosystem—spanning Infrastructure, Interoperability, Layer 1 & 2, Onchain, Offchain, Privacy, and Wallets—to...
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What If Ethereum Lived on a Treap? Or, Blockchains Charging Rent
Although truly solving blockchain scalability fundamentally, that is to say figuring out a solution to the problem that every node must process every transaction, is a very hard problem, and all suggested solutions rely on either highly advanced cryptography or intricate multi-blockchain architectures, partial solutions that provide a constant-factor improvement over the way Bitcoin does things are actually...
