One of the key properties that is usually sought for in a cryptoeconomic algorithm, whether a blockchain consensus algorithm such a proof of work or proof of stake, a reputation system or a trading process for something like data transmission or file storage, is the ideal of incentive-compatibility – the idea that it should be
Attackers drained roughly $292 million from KelpDAO’s bridge this month, then used the released tokens as collateral on lending protocols that were never originally hacked. The result is a textbook example of how one failure can spread through DeFi — and why that matters as more tokenised assets move into wider markets. On April 18,
A former FBI supervisory agent allegedly stole about $1 million in cryptocurrency, mixed it with personal funds, and asked ChatGPT how to use the money and relocate to Europe. Summary Patrick Yaroch allegedly made about a dozen crypto transfers beginning in late 2024 or early 2025. Investigators said he used ChatGPT to explore investing $1
“The best way to predict the future is to invent it.” Alan Kay January 3rd 2009 marked the beginning of a new era. The invention of the blockchain is a milestone in technology — the string of characters 36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2 being just one of the side effects triggered by it. Thanks to you and this technology, more
In XRP news today, the asset entered August 2026 trading at $1.06, down roughly 43% from its January peak of $2.41, carrying a thirteen-year seasonal track record that makes even seasoned traders wince. On August 1, Ripple executed its monthly Ripple escrow unlock with a deliberate timing twist. It locked 700 million XRP back into
President Donald Trump called on ExxonMobil and Chevron to cut US fuel prices after the oil majors earned roughly $26.5 billion combined during the second quarter. Summary ExxonMobil earned $14.5 billion, more than double its profit from the same quarter last year. Chevron posted $12.1 billion in earnings, nearly five times its year-ago result. Trump
Over the next few weeks, I am going to make a series of posts that is going to be a large overview of the possibilities for scalability of Ethereum, intending to create a precise understanding of the problems at bay in implementing a scalable cryptocurrency infrastructure, and where the least-bad tradeoffs and sacrifices required to
Matt Prusak, president and interim chief financial officer of Trump-linked bitcoin miner American Bitcoin (ABTC), is leaving the company to join AI and energy infrastructure developer Giga Energy, marking another senior executive move toward the power sector that is increasingly underpinning both bitcoin BTC$63,833.49 mining and artificial intelligence. Prusak said he will step down from
Kenya has anchored more than 15 million academic records to the Avalanche C-Chain as it replaces slow, paper-based certificate checks with a national electronic verification system. Summary Kenya has anchored over 15 million records dating to 1989 on Avalanche. Nearly 1 million 2025 KCSE certificates are available exclusively through the electronic platform. KNEC expects the
Special thanks to Vlad Zamfir and Zack Hess for ongoing research and discussions on proof-of-stake algorithms and their own input into Slasher-like proposals One of the hardest problems in cryptocurrency development is that of devising effective consensus algorithms. Certainly, relatively passable default options exist. At the very least it is possible to rely on a
