ELI5: Explaining The KZG Ceremony
The Ethereum KZG ceremony is a cryptographic ceremony that aims to provide a secure foundation for Ethereum scaling. The ceremony involves a number of participants, each of whom contributes a secret number to a shared pool. These numbers are then used to generate a random number that is used to secure the Ethereum network. Imagine…
The State of (US) DeFi
Sources: [Press release; Report] The United States Treasury Department has released a 42-page report examining the risks of illicit finance posed by decentralized finance (DeFi). This comprehensive risk assessment delves into the ways illicit actors exploit decentralized finance (DeFi) services for money laundering, ransomware schemes, theft, fraud, and other illegal activities. It also highlights vulnerabilities in…
H.R.4763
Source Questions and Answers after reading the bill. When are digital asset trading systems exempt from registration? A digital asset trading system that offers or seeks to offer at least one digital asset is not required to register under Section 6(m) of the Securities Exchange Act of 1934 if the trading system satisfies any of…
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