Saiid Paryavi, Ph.D.

🔗 The Promise of Decentralized Security: EigenLayer's Mission "Our ambition goes far beyond restaking," says Sreeram Kannan of Eigen Labs to Louis Tellier 🎙️ With initiatives like Eigen Data Availability, they are setting the stage for more efficient blockchains. Learn about the innovative projects on the horizon with our exclusive interview 👇

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North Korea's Lazarus Group Laundered $200M in Crypto, Impacting Thousands of Individuals In a recent investigation, crypto sleuth ZachXBT uncovered that North Korea's Lazarus Group laundered $200 million worth of crypto into fiat currency from August 2020 to October 2023. The group utilized various blockchains to execute over 25 exploits, channeling illicitly gained funds through mixers, peer-to-peer marketplaces, and centralized exchanges. ZachXBT estimates that thousands of individuals in the crypto space have been affected by Lazarus Group attacks, and this number may continue to increase. Notably, the Lazarus Group has been linked to high-profile crypto exploits, including the $100 million Harmony bridge exploit in January 2023 and the Ronin bridge hack of March 2022. It's imperative to note that Foresight Ventures, a majority investor of The Block, which reported on this story independently, holds investments in other crypto companies, including Crypto exchange Bitget. Thank you Hiroki Tanaka for your submission!

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🚨Can UwU Lend Recover From a $19.5M Hack?🔍 DeFi lending protocol UwU Lend was targeted in a rapid $19.5 million theft, executed within just six minutes. This breach underlines the persistent security issues plaguing the DeFi sector. UwU Lend immediately paused its operations following the attack, undertaking significant efforts to remedy the damage and secure its platform. How will it regain user trust? Despite the significant heist, UwU Lend's total value locked astonishingly soared by 135% in a day. What's driving this surge amid the turmoil? Read more below: #recruitment #crypto #blockchain #web3

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What is a Node Sale? 🤔 Node Sales are a new fundraising and token distribution method used by projects before their mainnet launch. Learn about Node Sales, their benefits, notable examples & InfStones' role as a Node-as-a-Service Provider. 👇 🔗 : https://lnkd.in/egHt97-e #NodeSale #Crypto #Blockchain #Web3 #BlockchainCommunity

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Adam Sullivan explaining how Core Scientific is and will continue to maximize the value of its asset base through #Bitcoin and #HPC Check out the full interview with Tanaya Macheel on CNBC's Crypto World here: https://lnkd.in/gyx2mY4v

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Avalanche Integrates with Stripe for Crypto Onramping Leading global payment processor Stripe has announced support for the Avalanche C-Chain. Starting today, U.S. users can purchase AVAX directly through Stripe, removing the need to go through an exchange. Stripe’s fiat-to-crypto on-ramp is a customizable widget embedded into Avalanche dApps, such as DEXes, NFT platforms, and digital wallets. Core, Avalanche's native ecosystem wallet and portfolio developed by Ava Labs, has integrated Stripe’s on-ramp, giving users more ways to deposit funds for use on Avalanche. Core users can select Stripe as the crypto purchase option and fund their wallets using methods supported by the payment gateway, such as using ACH, debit, credit cards, and more. Several Avalanche ecosystem partners integrated Stripe's widget including GoGoPool, Avvy Domains, Pakt, zeroone, Halliday, SHRAPNEL, Defi Kingdoms, and The Arena. With the Stripe widget, projects can bridge the adoption gap between Web2 and Web3 to onboard a new subset of users.

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The pioneering paper "Zerocash: Decentralized Anonymous Payments from Bitcoin," co-authored by StarkWare's CEO Eli Ben-Sasson, has been awarded the “Test of Time” award by IEEE, highlighting its lasting impact on zero-knowledge proofs (ZK-proofs) in crypto. Reflecting on the award, Ben-Sasson stated, “The award reminds us that, looking back on it, this paper was the moment that ZK was catapulted onto the agenda of blockchain research." This groundbreaking research introduced zk-SNARKS for private transactions, paving the way for current Ethereum layer-2 solutions like Starknet. ZK-proofs now play a crucial role in enhancing privacy and scalability in blockchain technology. https://lnkd.in/dxrmsxY9

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Etherspot has integrated with Subs Protocol to offer subscription access to Etherspot's Account Abstraction services using stablecoins. Check out a step-by-step guide: https://bit.ly/3QpSrCP

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This week on #SOWHAT: Gary Liu and Jon Russell are looking at decentralized ID companies including Worldcoin and Humanity Protocol—they're concepts that promise to fix the broken system of confidential data storage and Web3 interoperability, but it is also one that could undermine governments and requires incredibly secure systems. Can a handful of fast-rising Web3 companies (including Terminal 3) really provide the answer? Read all about #DIDs in this week's SO WHAT: https://lnkd.in/ghZKeSGk

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SBINFT enabled the use of the αU wallet, a cryptocurrency wallet provided by KDDI Corporation, on the #NFT marketplace "SBINFT Market" and marketing platform "SBINFT Mits." "SBINFT Market" is a marketplace specializing in NFT transactions between game users, and is unique in that it allows users to pay for NFT sales by authorized content holders on chains such as Oasys and Polygon Labs, as well as the buying and selling of NFTs between users, with #cryptocurrencies or #creditcards. In addition, "SBINFT Mits" is a marketing platform that allows companies to visualize their loyal customers and realize a one-stop solution from nurturing to acquiring them. With 11 built-in functions, companies can improve their business efficiency while realizing co-creation marketing with fans using NFTs. αU wallet is characterized by its backup and filtering functions that allow even beginners to handle NFTs and #cryptoassets, and is used by many #Web3 beginners. By supporting the αU wallet on the SBINFT platforms, the company expect to attract users who might have been hesitant to transact until now. 👉 Subscribe to our weekly LinkedIn newsletter, the "Japan FinTech Observer", here: https://lnkd.in/gNjUuSxG

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Lightning is an essential component of the #bitcoin scaling solution, but for retail users, the burdens of node, channel, and liquidity management are pushing them toward custodial wallets. Bitcoin needs new scaling options that make it easier to self-custody.

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