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China has not cracked encryption, at least not yet — Mental Outlaw

Quantum bits currently require temperatures between approximately -200 degrees Celsius to -270 degrees Celsius to operate properly.

Researchers at Shangai University recently made headlines for purportedly breaking the RSA encryption algorithms used in banking, military, and cryptocurrency applications. However, popular YouTuber Mental Outlaw says the recent breakthrough in China lacks the power to impact current encryption standards due to severe computation and physical limitations.

According to the research paper, the quantum computer used in the experiment factorized the integer 2,269,753. Mental Outlaw noted that this surpassed records set by other quantum computers but failed to surpass the record set by classical computers.

The YouTuber clarified that the quantum computer only broke a 22-bit key. For context, the record set by classical computers was cracking an 892-bit key, which required a whopping 2,700 physical core years to break.

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Blockchain fixes misuse of biometric data — Privado ID founder

Because biometric data cannot be replaced, storing the data requires the highest levels of security, Evin McMullen told Cointelegraph.

Biometric data collected by the tech industry introduces multiple risk vectors to end users and imposes massive costs on tech companies.

Evin McMullen, co-founder of Privado ID — a decentralized identity project that uses zero-knowledge cryptography — recently explained to Cointelegraph explain how decentralized blockchains mitigate these risks.

McMullen began by pointing out that biometric data isn't just processed or stored through traditional Big Tech companies like Google, Apple, or Microsoft. Instead, the data often passes through a complex supply chain of service providers that opine on the validity of certain pieces of data, which exposes user data to multiple third parties. The Privado ID co-founder stated:

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Blockchain broadens music royalty access on Audius with ICE deal

Who is Satoshi Nakamoto? Does it even matter in 2024?

Who is Satoshi Nakamoto? Does it even matter in 2024?The cryptocurrency world is abuzz with HBO’s upcoming documentary about the mysterious creator of Bitcoin, Satoshi Nakamoto. For years, the enigma surrounding Nakamoto’s identity has fascinated both crypto enthusiasts and mainstream audiences. But the burning question is: Does it even matter who Satoshi is, especially in 2024? This is an opinion editorial published by a […]

Blockchain broadens music royalty access on Audius with ICE deal

Szabo or NSA? New report revisits Bitcoin creator mystery

As HBO’s documentary sparks fresh debate, a new report from 10x Research revisits theories about Bitcoin’s enigmatic creator, Satoshi Nakamoto, involving Nick Szabo and the NSA.

The debate over the identity of Bitcoin creator Satoshi Nakamoto is back in the spotlight with the upcoming release of an HBO documentary.

As part of the renewed interest, 10x Research has published a report revisiting two leading theories: one pointing to cryptographer Nick Szabo and the other suggesting involvement by the United States National Security Agency (NSA).

Both theories are part of a larger debate that has attracted renewed interest with the upcoming HBO documentary investigating the origins of the world’s first cryptocurrency.

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Blockchain broadens music royalty access on Audius with ICE deal

Who was Len Sassaman, and why might HBO think he is Satoshi Nakamoto?

The late cryptographer and privacy advocate is in the spotlight because bettors on Polymarket think he may be identified as Satoshi Nakamoto. 

Deceased computer scientist and privacy advocate Len Sassaman is unexpectedly in the limelight as bettors speculate on the upcoming HBO documentary that advertises itself as revealing the identity of the inventor of Bitcoin.

Whether he was the real Satoshi Nakamoto or not, Sassaman was an interesting character.

Source: HBO Documentaries

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7 confusing crypto terms (almost) nobody understands

The crypto world is full of technical terms, some of which are so difficult that almost no one understands them.

Getting to grips with cryptocurrency isn’t easy. Even after you’ve got your head around Bitcoin and Ethereum and the difference between proof-of-work and proof-of-stake, there’s still a whole new world of terminology to learn and understand.

But even among fairly hardened cryptonians, there are still terms that are difficult to understand. Here are the seven terms that almost nobody in blockchain understands as fully or as deeply as they’d like.

In the 1958 movie starring Steve McQueen, and its 1988 remake, The Blob is an amoeba-like jello monster that terrorizes the inhabitants of a small town, growing larger and redder as it consumes them.

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Cryptography startup Fabric raises $33M for new data privacy chip

Blockchain Capital and 1kx co-led the Series A round that will back the development of a new computing chip focused on data privacy.

Fabric Cryptography, a Silicon Valley hardware startup, has closed a $33 million Series A funding round co-led by Blockchain Capital and 1kx to build new computing chips focusing on data privacy. 

The round also saw the participation of Offchain Labs, Polygon, and Matter Labs. The investment follows a $6 million seed round led by Metaplanet with participation from Inflection and Liquid2 Ventures, among other investors. 

According to an Aug. 19 announcement, the startup is developing a new cryptography processing unit called the Verifiable Processing Unit (VPU), a silicon chip that uses a cryptography-specific instruction set architecture. “This means that any cryptographic algorithm can be broken down into its mathematical building blocks that are natively accelerated and supported by the chip,” said the company. 

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Remembering Hal Finney’s Vision: The 20th Anniversary of Reusable Proofs of Work 

Remembering Hal Finney’s Vision: The 20th Anniversary of Reusable Proofs of Work This week marks the 20th anniversary of Hal Finney’s introduction of Reusable Proofs of Work (RPOW), a groundbreaking concept that paved the way for today’s digital currencies. Finney’s visionary work continues to echo throughout the cryptocurrency community, underscoring his deep insight into the development of digital cash systems. From RPOW to Bitcoin Hal Finney was […]

Blockchain broadens music royalty access on Audius with ICE deal

Polygon Labs acquires Toposware, pushing total ZK investment to $1B

The deal brings Polygon’s cumulative zero-knowledge technology investment to over $1 billion, the company said. Toposware’s team is behind Polygon’s Type 1 Prover technology.

Polygon Labs has acquired blockchain research and engineering firm Toposware, marking its third investment in zero-knowledge (ZK) startups over the past three years. 

Toposware has been collaborating with Polygon Labs to develop its Type 1 Prover, which allows Ethereum-compatible blockchains to adopt zero-knowledge proofs without needing major changes. With the acquisition, 11 engineers from Toposware will integrate with the existing ZK development teams on Polygon.

Polygon says the deal brings its cumulative investment in ZK technology to over $1 billion. In 2021, Polygon acquired two other companies working on Ethereum scalability and privacy, Mir and Hermez, for a combined $650 million through multiple transactions.

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Blockchain broadens music royalty access on Audius with ICE deal

Blockchain can help eliminate cybercrime threats

Cybercrime is a growing scourge that shows no signs of slowing down anytime soon without a serious game changer to stem the tide.

Cybercrime losses reach new highs every year, and some experts think that while blockchain technology might not be the silver bullet that could stop it, mainstream adoption could definitely help. 

Cybercrime can take many forms, including ransomware attacks, identity fraud, data theft and phishing campaigns. According to cybersecurity research firm Cybersecurity Ventures, cybercrime losses around the world are estimated to reach $10.5 trillion annually by 2025.

The first decentralized blockchain, Bitcoin (BTC), was launched in January 2009 along with its associated cryptocurrency. Security features such as cryptography, decentralization and consensus are built into the tech.

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Blockchain broadens music royalty access on Audius with ICE deal