Tag: Pioneer

Bitcoin pioneer Hal Finney talks zk proofs in 25-year-old unearthed footage

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Early Bitcoin (BTC) pioneer Hal Finney shared his vision for zero-knowledge proofs more than 25 years ago, a full decade before the launch of the first cryptocurrency, Bitcoin.  The video, purportedly from the Crypto ‘98 conference held on Aug. 26, 1998, in Santa Barbara, shows Finney discussing in detail, the concept of zero-knowledge proofs — a cryptographic technology that gained immense popularity decades later. ️ NEW: Bitcoin legend Hal Finney discusses Zero-Knowledge Proofs in a newly unearthed presentation, made 25 years ago at Crypto ’98 in Santa Barbara. Have you ever…

Gideon Powell on the Pioneer Spirit Driving Bitcoin Mining

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“Thinking about this from a capability standpoint, the compute cowboys are unlocking new power markets for data centers and thinking about the future of industrial manufacturing. It’s all in its infancy,” Powell said. For many in the oil and gas industry, like Powell, whose family is also in the business, the mid-century energy explorers have risen to semi-mythological status. They’re a bit like the gauchos of the South American pampas, only that the wildcatters’ business built the modern world, Powell said. Original

Harvard Business Review: Alchemy Pay, Crypto Payment Ecosystem Pioneer

Introduction. When we discuss the future of the digital economy and real life in the next generation of the Internet, we are inevitably talking about Web 3.0. The future is unknown, but we have seen some tech companies already exploring and deepening on their tracks, such as Alchemy Pay, mentioned in this article. We will analyze the targeted strategies and measures it has taken in the crypto payment space, taking into account the company’s sustainable long-term goals while building a rich crypto payment ecosystem that is prepared for the Web…

Will you dare to be a pioneer?

Whenever you put your assets to work on the blockchain, it’s crucial to balance risk and reward. Although liquidity pools offer a potentially generational opportunity, users must take a realistic look at the DeFi ecosystem and come up with concrete plans to limit their downside. Liquidity pools: The cornerstone of DeFi For decentralized finance (DeFi) to function in a fast and efficient manner, DeFi protocols require liquidity. But how does the liquidity pool process work exactly? There are several types of protocols for providing liquidity: For decentralized exchanges, users provide…

Localbitcoins, the Pioneer P2P Bitcoin Exchange, Shuts Down After a Decade of Service Due to Crypto Winter – Bitcoin News

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Localbitcoins, the Helsinki, Finland-based bitcoin exchange founded in 2012, is closing operations after over a decade of service. The company’s operators attribute the shutdown to the “ongoing crypto-winter,” which has left them unable to continue offering their bitcoin trading services. The Challenges Faced by Localbitcoins and its Ultimate Demise in the Crypto Market The first peer-to-peer (P2P) bitcoin exchange, Localbitcoins, is ending operations after over ten years in the business. The exchange announced the news on its website, stating that new sign-ups will be suspended as of Feb. 9, 2023,…

Forbes Gives Alchemy Pay Web3 Innovation Pioneer Award – Press release Bitcoin News

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press release PRESS RELEASE. Singapore, 12 January 2023: Fiat-crypto payment gateway Alchemy Pay and its co-founder and majority shareholder, Shawn Shi, have been officially recognised by Forbes with the Web3 Innovation Pioneer award on 11 January. The Singapore-based payment solutions provider has a major research and development hub across Asia that has pioneered new payment systems at the very edge of modern fintech – convenient payments that seamlessly enable the movement of funds between traditional fiat currency and cryptocurrency. After its establishment in 2018, Alchemy Pay became Southeast Asia’s number…

Early Bitcoin Pioneer Ian Freeman Goes to Trial in New Hampshire

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Four of the Crypto 6, including Freeman’s fellow radio host Aria DiMezzo, his former girlfriend Renee Spinella and her husband Andrew Spinella, and Nobody (formerly Richard Paul) have taken plea deals. Though DiMezzo is not set to be sentenced until later this month, the other three defendants escaped with relatively lenient sentences, avoiding jail time. Another, Colleen Fordham, had all charges against her dropped. Original

DeFi Pioneer Echoes SBF in Call for Tighter Crypto Regulations

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Respected former decentralized finance (DeFi) project founder and developer Andre Cronje has resurfaced after a lengthy hiatus to call for tighter regulations on the crypto sector amid the implosion of multiple firms this year. The comments echo similar sentiments to that of FTX CEO Sam Bankman-Fried (SBF), who also called for more stringent digital asset industry standards last week, including greater consumer protections, transparency, and disclosures. SBF was met with strong community pushback however, with many people accusing the CEO of trying to monopolize or censor the DeFi space, among other…

Defi Pioneer, Bancor, Under Fire for Pausing Impermanent Loss Protection Due to Hostile Market Conditions

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Bancor, a Decentralized Finance protocol often regarded as a pioneer in the DeFi ecosystem, has come under heavy scrutiny after it announced that it would pause its impermanent loss protection program. The DeFi platform cited extreme market conditions for stopping this program. However, Bancor has been criticized for pausing the program when liquidity providers need the protection program the most. Bancor reiterated that the pause would only be temporary, stressing that it was done in a bid to protect the protocol and its users. The post stated, “The temporary…