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xx network
Joined October 2022
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November 2022.
FTX fails when it becomes clear that SBF had taken huge speculative risks through sister hedge fund Alameda research.
The crypto meltdown, explained | CNN Business cnn.com/2022/11/18/business/…
Losses at Three Arrows caused liquidity problems for publicly traded Voyager Digital that hit in June 2022. Celsius also lost money because of Three Arrows.
FTX loaned $'s to failing Voyager; later, FTX & Binance US bid for Voyager assets.
cryptobriefing.com/voyager-d…
Year-in-review post.
The May 2022 "bank run" at Celsius became public first, but Three Arrows Capital had been hedging stock-exchange-traded bitcoin (Grayscale Bitcoin Trust-GBTC) against BTC and losing lots of 3rd party money.
nymag.com/intelligencer/arti…
It’s been a year since the first big CEFI problem surfaced with Crypto Lender Celsius signaling issues w/their CEL rewards token.
coindesk.com/business/2022/0…
Looking back, let's review the landmark problems w/centralized entities & CEFI that followed in the ensuing 12 months.
"Business and government leaders are slowly understanding that Web3 will not safely scale for society without a dramatic shift in our thinking to decentralized networks, which require decentralized cybsecurity solutions."
forbes.com/sites/lawrencewin…
It’s been a year since the first big CEFI problem surfaced with Crypto Lender Celsius signaling issues w/their CEL rewards token.
coindesk.com/business/2022/0…
Looking back, let's review the landmark problems w/centralized entities & CEFI that followed in the ensuing 12 months.
What was fallout from the Celsius fraud and bank run?
Crypto prices fell in May 2022 and Celsius loans to other entities, notably FTX lead to other problems.
Customer assets were frozen, with money just now being returned, but 60,000 BTC is likely lost.
coindesk.com/markets/2023/03…
What happened at Celsius?
NY AG, Letitia James claims CEO Alex Mashinsky sold Celsius as bank safe, w/high return, low-risk loans to big institutions &crypto exchanges.
“Making false and unsubstantiated promises and misleading investors is illegal,” cnn.com/2023/01/05/business/…
Speakeasy retweeted
How does xx cMix process anonymity sets so quickly (orders of magnitudes faster than a normal mix network)?
15%w/server class hdware
6%uses speedy weak crypto
14%it's a miracle
65%nodes precompute crypto
101 votes • Final results Speakeasy retweeted
It's coming.
#quantum computing
Ericsson, one of the largest mobile technology companies in the world, publishes review of quantum-resistant algorithms for mobile networks and the challenges of adoption.
ericsson.com/en/blog/2023/2/… by @ericsson
Wow the S*** is finally really hitting the fan.
Not a good time to be a centralized social media company with boosting algorithms to drive ad revenue.
Supreme Court considers limits of immunity for social media companies pbs.org/newshour/nation/supr… by @newshour
