Author: Yeek.io

Special thanks to Andrew Miller for coming up with this attack, and to Zack Hess, Vlad Zamfir and Paul Sztorc for discussion and responses One of the more interesting surprises in cryptoeconomics in recent weeks came from an attack on SchellingCoin conceived by Andrew Miller earlier this month. Although it has always been understood that SchellingCoin, and similar systems (including the more advanced Truthcoin consensus), rely on what is so far a new and untested cryptoeconomic security assumption – that one can safely rely on people acting honestly in a simultaneous consensus game just because they believe that everyone else…

Trading at approx. $36.72, AVAX/USDT showed signs of a prevailing bearish trend Decline in OI seemed to be in line with AVAX’s inability to sustain its upward momentum above $55 in November Avalanche (AVAX), a blockchain platform renowned for its high-speed transactions, is currently undergoing a major price correction on the charts. With a value of $36.72, AVAX/USDT seemed to be showing signs of a bearish trend at press time. In fact, the broader market decline, coupled with technical signals, painted a rather challenging picture for the altcoin. VPVR indicates strong resistance The analysis revealed a significant cluster of trading…

XRP price started a fresh surge above the $2.50 level despite pressure on Bitcoin. The price is still showing positive signs and aiming for a fresh increase above the $2.550 resistance. XRP price gained over 10% and rallied above the $2.50 zone. The price is now trading above $2.450 and the 100-hourly Simple Moving Average. There is a short-term bullish flag forming with resistance at $2.550 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.40 support. XRP Price Remains In Uptrend Above $2.40 XRP…

Solana failed to clear the $205 resistance and trimmed gains. SOL price is now below $192 and showing a few bearish signs. SOL price started a fresh decline after it failed to stay above $200 against the US Dollar. The price is now trading below $192 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $190 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $192 zone. Solana Price Dips Again Solana price struggled to clear the…

One of the issues inherent in many kinds of consensus architectures is that although they can be made to be robust against attackers or collusions up to a certain size, if an attacker gets large enough they are still, fundamentally, exploitable. If attackers in a proof of work system have less than 25% of mining power and everyone else is non-colluding and rational, then we can show that proof of work is secure; however, if an attacker is large enough that they can actually succeed, then the attack costs nothing – and other miners actually have the incentive to go…

Homepage > News > Business > India central bank unveils expert committee for ethical AI framework The Reserve Bank of India (RBI) has announced the composition and scope of work for the expert committee for an ethical artificial intelligence (AI) framework.  In December, the RBI announced its plans to set up a committee to develop a framework for the ethical enablement of AI for the finance sector. The committee, comprising experts from diverse fields, is tasked to recommend an adaptable and robust AI framework for the financial sector.  In a statement, the RBI announced the composition of the committee on FREE-AI (Framework for Responsible and Ethical Enablement…

LINK’s descending wedge pointed to a bullish breakout, with $23.92 resistance as the critical level Market sentiment strengthened as Open Interest rose and exchange reserves continued to decline Chainlink [LINK] has been grabbing the attention of the market with its steady consolidation and potential for a major breakout. Trading at $20.17 following a 0.62% hike at press time, the cryptocurrency seemed to be showing signs of strength within a descending wedge pattern.  With resistance at $23.92 acting as a critical level, LINK could be on the verge of a significant rally towards $30. Will the market momentum support this bullish…

Singapore’s Remote Gambling Act of 2014 is basically the “no entry” sign for most online betting activities, unless you’ve got a government-approved stamp of approval. Unfortunately for Polymarket, it didn’t make the cut. Polymarket, the decentralized prediction market platform that allows users to speculate on real-world events using cryptocurrency, can add Singapore to the list of countries where it isn’t welcome. In Singapore, gambling activities are heavily regulated, with the government allowing only certain forms of betting, such as lotteries and sports betting, under the supervision of state-run entities. The country’s strict gambling laws prohibit unauthorized online gambling platforms, and…

Este artículo también está disponible en español. Ethereum price started a minor recovery wave above the $3,200 zone. ETH is struggling and might continue to move down if it stays below $3,320. Ethereum started a minor recovery wave from the $3,160 zone. The price is trading below $3,320 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,250 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to start a fresh increase above the $3,320 resistance level. Ethereum Price Faces Resistance Ethereum price started a short-term recovery…

I was woken by Vitalik’s call at 5:55 this morning; pitch black outside, nighttime was still upon us. Nonetheless, it was time to leave and this week had best start on the right foot. The 25-minute walk in darkness from the Zug-based headquarters to the train station was wet. Streetlights reflecting off the puddles on the clean Swiss streets provided a picturesque, if quiet, march into town. I couldn’t help but think the rain running down my face was a very liquid reminder of the impending seasonal change, and then, on consideration, how fast the last nine months had gone.…