Jack Dorsey announces new Square Business for Bitcoin-based DeFi

The new Square business will have an “open roadmap, an open development, and open source” for Bitcoin DeFi.
The platform will heighten competition for Ethereum-based DeFi, which has smart contract capability and interoperable ‘Money Legos’.

Jack Dorsey, founder, and CEO of Square, Inc, has unveiled via Twitter a new Square business to provide Bitcoin DeFi services. The new division will join Seller, Cash App, and Tidal in line with Square businesses. Dorsey stated that the main objective of developing such a platform is to provide “non-custodial, permissionless, and decentralized financial services”. Named TBD, the Square business will primarily utilize Bitcoin.

Additionally, the Twitter Inc co-founder and CEO stated that similar to their new Bitcoin hardware wallet, TBD will be open for public use. The business’ roadmap and development will be visible to the public, in addition to being open source.

Square is creating a new business (joining Seller, Cash App, & Tidal) focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services. Our primary focus is #Bitcoin. Its name is TBD.

— jack (@jack) July 15, 2021

Dorsey went on to name the lead for the TBD team as engineer Mike Brock, who in turn appointed a founding team. Back in 2018, Brock led the development team that integrated Bitcoin features on Cash App. More so, he worked with Red Hat Inc., an open-source solutions provider, giving him vast experience in the field.

“…we have some ideas around the initial platform primitives we want to build,” part of Dorsey’s Tweet read.

Square new business unit-TBD

The TBD platform is likely to heighten competition for Ethereum-based DeFi, especially due to Square’s repute. However, the Bitcoin network is yet to incorporate smart contract capability, which Ethereum-based DeFi already has. Ethereum also takes pride in its interoperable ‘Money Legos’. For now, Bitcoin’s DeFi is fully dependent on additional infrastructures like side chains and bridges to initiate smart contracts.

Currently, Ethereum commands the top 100 DeFi platforms according to total value locked (TVL), going by data from DeFi Llama. At the top of this list is AAVE with a TVL of $9.09 billion. Ethereum is rivaled by Binance whose platforms include the eighth-ranked PancakeSwap, with a $3.76 billion TVL.

In comparison, DeFi Llama states the highest-ranked Bitcoin-based project as the Lightning Network, at 103rd position with a $58.7 million TVL. Nonetheless, measuring Lightning Network’s utility using TVL may not be the best approach.

According to data from Dune Analytics, Ethereum-based DeFi has experienced massive growth this year. In terms of unique addresses, the total DeFi user base has grown to roughly 3 million in July. This figure represents a 172.7 percent increase from 1.1 million at the beginning of the year.

More developments in Bitcoin blockchain

In addition to Square’s latest DeFi project, something else that could trigger increased adoption of BTC-based DeFi is the Taproot upgrade. Reportedly, the upgrade is due in mid-November and will pave the way for BTC smart contracts. Dorsey also recently suggested that the Tidal streaming service may have a blockchain tech integration such as NFTs or smart contracts.

Prior to the Bitcoin DeFi announcement, Dorsey had announced on Twitter that Square would be launching a Bitcoin hardware wallet. The device would provide assisted custody to ease such a process for mainstream users.

Related: Bitcoin development is driven by grants from Square Crypto led by Jack Dorsey

Der Beitrag Jack Dorsey announces new Square Business for Bitcoin-based DeFi erschien zuerst auf Crypto News Flash.

Anomalous Precipitation: A Closer Look at Cases of Odd Fortean Falls, Part Two

In recent days, residents around the department of Yoro in Honduras were treated to the recurrence of a most peculiar spectacle, which locals along the Caribbean coast have experienced now for more than a century.

Known locally as the “Lluvia de Peces,” or “Fish Rain” in English, native Hondurans routinely head out into open fields carrying buckets after particularly strong rainstorms to collect small fish resembling sardines that they find scattered across the countryside.

One local tradition tells how in 1858, the Catholic missionary Manuel de Jesús Subirana prayed to God on behalf of the people of Honduras, begging for their relief from poverty. In response to his prayers, fish began to rain from the sky to provide sustenance to the poor, which began the tradition of the Lluvia de Peces.

Thus, many view the curious appearances of the fish as a miraculous event, and some therefore see it as bad luck to attempt to profit from their sale. Hence, the fish are harvested, but never sold once the storms subside, and Hondurans rejoice at the feast that nature appears to deliver them at intervals coinciding with stormy seasons that mostly occur between May and October.

Questions remain as to where the fish actually come from. The most widely accepted theory about their appearance supposes that particularly violent storms lift the fish out of nearby waters, although there appear to be problems with this idea… problems which could point to a novel solution to the ongoing mystery.

As described in Part One of this series of posts, “Fish falls” are one example of the broader range of types of anomalous precipitation events said to have occurred in various parts of the world for centuries. These mysterious incidents became a mainstay of the writing of Charles Fort in the early 20th century, and since the 1930s have remained a focus of researchers who emulate the style of the original “Fortean” in chronicling odd happenings and unexplained phenomena in nature.

In the case of the Honduran fish falls, studies into their possible causes go back several decades. Beginning in 1970, a National Geographic sponsored investigation dispatched a group of scientists to the department of Yoro who identified the creatures as boat fish, a variety of freshwater sardine-like species. Being a freshwater variety, they couldn’t have been brought from nearby coastal waters by heavy storms; however, the scientists were surprised to learn that none of this particular variety of fish could be found in any nearby inland water sources, either. If both ocean and freshwater sources could be ruled out, where else might these fish have come from?

During their studies, the scientists noted something peculiar: these fish, averaging roughly six inches in length, were also mostly blind. This provided a significant clue, as it appeared to suggest that the source of the “falling” fish might not actually be the sky at all, but instead from someplace belowground.

The scientists theorized that when strong storms produce heavy rains and flooding, fish that thrive in underground streams might be flushed out of their homes and onto the surface, where they are found after the heavy rains. Since few locals venture out during these heavy storms to watch where the fish actually might come from, it had been assumed that their appearance scattered across the landscape indicated that they fell from above, when in fact it might have been just the opposite.

Notably, most of the fish when they appear after such heavy storms are still alive, which would seem unlikely if they had fallen to the ground after being carried considerable distances through the air.

Interestingly, in many of the instances where creatures have reportedly “fallen” from the sky in various places around the world, they tend to also be animals that are known dwell below ground. These range from varieties of worms, to cave spiders, frogs, and snakes, reported as far and wide as parts of the Americas, Southeast Asia, Africa, and Australia.

Could it be that the source of many of these strange instances of “anomalous precipitation” actually have their origins below ground, rather than above? While this might not always be the case, in cases like those recorded around Yoro in Honduras where the fish in question are both blind, and absent from local waterways, it seems more likely than the notion of their falling from the sky in this instance.

Like many other purported “Fortean” phenomena, anomalous precipitation events may have a variety of underlying causes, and as the case of the Honduran Lluvia de Peces seems to show, some of these actually may have nothing to do with precipitation at all. Instead, they may point to other natural mechanisms that help to facilitate the sudden and seemingly unexplained appearances of small animals during heavy storms, the likes of which have been reported around the world for centuries.

The post Anomalous Precipitation: A Closer Look at Cases of Odd Fortean Falls, Part Two first appeared on Mysterious Universe.

Taking a Look at the Manipulative “Trickster” Phenomenon – Part 2: The U.K. Bigfoot Phenomenon

My previous article was on the Trickster phenomenon – something that can be friendly, manipulative, or downright dangerous. I focused on the coyote, the Djinn, the Kitsune, birds, fish and more. Now and again, however, I have a nagging feeling that what is known as “The British Bigfoot” falls into this particularly category, too. First and foremost, it’s important to note there is simply no way – at all – that six-to-eight-foot-tall, hairy creatures can live in the U.K. It’s just not possible. But, here’s the weird thing about it all: people do see them, and on a fairly regular time-frame. They look just like the American Bigfoot, China’s equivalent (the Yeren), and Australia’s Yowie. They’re all large apes. The big difference with the U.K. Bigfoot, however, is that creature is quite clearly supernatural. Its never seen eating food or drinking water. Sightings are often made in the vicinity of ancient stone circles and other ancient created, millennia-old formations. People report strange phenomena around them – something I’ll come to soon. I could go on and on and discuss numerous cases that show that the British Bigfoot is far more supernatural than flesh-and-blood. However, I’m going to share with you just one such story, and for one reason: it contains some of the aspects that appear in Trickster-based events.

“Wildman” by Nick Redfern

In the early 2000s, much of England found itself in the grip of a wave of bizarre stories of Sasquatch-type creatures. Jon Downes, the director of the Center for Fortean Zoology – and a good friend to me – was at the forefront of those investigations. The location was Bolam in Northumberland, England. Jon, to this very day, well remembers the strange events that went down in that period. Jon told me: “After arriving on-site, a veritable wave of paranormal chaos erupted in the direct vicinity of Bolam Lake. Although we had tested all of our electronic equipment the night before, had charged up batteries where necessary, and had even put new batteries in all of our equipment that needed them, practically without exception all of our new equipment failed. The laptop, for example, has a battery, which usually lasts between 20 and 35 minutes. It lasted just three minutes before failing. Admittedly, we received an enormous number of telephone calls during our stay at the lake, but not anywhere near enough to justify the fact that we had to change handsets four times in as many hours. The batteries in our tape-recorders also failed. It seems certain that there was some strange electromagnetic phenomenon at work here.”

My good mate, Jonathan Downes

It’s important that I step in now, as Trickster-based reports often parallel much of what Jon said. For example, Tricksters will drain electric from devices and equipment, as Jon noted. We’re talking about laptops, batteries, lights and so on. Jon’s words were typical of what one can get when you’re in the midst of a Trickster. Back to Jon: “We met with a witness, named Neil, who had been fishing at Bolam Lake one night four or five years previously. Together with two companions he had been making his way back to the car-park when they encountered a huge, dark, man-shaped object about seven to eight feet in height with what he described as sparkling eyes. The three fishermen did not stop to investigate but ran back to the car. However, this was by no means the only encounter that Neil had reported to us. Together with one of his companions from the first adventure, he had again been night fishing at Bolam Lake during the summer of 2002. They had been camped out on this occasion, and had heard noises, which they assumed were from an enormous animal moving around in the bushes outside of their camp. Deciding that discretion was most definitely the better part of valor, they decided not to investigate any further; but when they broke camp the next morning they found that the fish they had stored in a bait-tin had been taken, and there were distinct signs that something very large had been lumbering around in the immediate vicinity.”

Problems with the electric

As the investigation came to its close, and as the dark skies of winter closed in, something extraordinary and menacing occurred at Bolam Lake, as Jon explained to me: “At about half-past-four, one of the members of Twilight Worlds [a research group that accompanied Jon to the area] reported seeing something large, human-shaped and amorphous in the woods directly in front of the car-park. As the dusk gathered at about 5 o’clock, we again heard the raucous noise of the crows that he had reported just before dawn. Suddenly, once again, they fell silent and one of the Twilight Worlds members shouted that she could hear something large moving around among the undergrowth. All of the car-drivers present were ordered to switch on their headlights and to put them on full-beam. We did not hear any noise in the undergrowth; although other people present did. Eight people were watching the woods and five of us saw an enormous man-shaped object run from right to left, disappear, and then a few moments later run back again.” The most amazing aspect of the encounter, however, was that the hulking, racing thing was shadow-like, and utterly lacking in any sort of 3-D substance. But, even so, still some form of mystifying entity in its very own right. The bizarre event was over in an instant.”

It’s intriguing that the “creature” should have appeared right at the time that Jon and his team were checking out the area. What are the chances of that? Not much! As I see it, this was a classic Trickster situation. And the beast was seen precisely where Jon just happened to be in the right place at the right time. Or, more likely, Jon was manipulated by a Trickster to see the site and the “thing.” The British Bigfoot exists. There’s no doubt of that, at all. It’s not an animal, however. It’s much weirder than that. As are all Tricksters!

The post Taking a Look at the Manipulative “Trickster” Phenomenon – Part 2: The U.K. Bigfoot Phenomenon first appeared on Mysterious Universe.

The Mysterious Vanishing of the SS Waratah

Throughout our history of pushing out past the horizons of the oceans of our world, the seas have very often seemed to be, in a sense, hungry. There is no shortage of accounts of vessels sailing off the face of the earth to never be seen again, lost to time and the realm of the unknown. Such cases have persisted right up into modern times, with the sea swallowing up whole ships and their passengers and crews to leave little trace of where they have gone, and these remain some of the most perplexing mysteries of the deep. One such infamous case is that of a massive, supposedly unsinkable ship that one day sailed off past the horizon and into the unknown, to leave behind many mysteries and questions that have never been solved.

Back in its day, the SS Waratah was a marvel of ship design and a technological wonder. Built in 1908 for the Blue Anchor Line in order to make trips between Europe and Australia, it was a colossal 9,339-ton, 500-foot long behemoth, decked out with the most cutting edge technology available, including a distillery capable of producing 5,500 gallons of fresh water per day and an innovative hull design made up of eight watertight compartments that made it widely regarded as unsinkable. At the time of its launch, the SS Waratah was considered the epitome of luxury and speed, able to carry nearly a thousand passengers and maintain a mean speed of 15 knots (17 mph; 28 km/h), which was very fast for a vessel its size. In addition to its opulent facilities for passengers, the SS Waratah was also designed to pull double duty as a cargo vessel, and could hold 15,000 tons of cargo such as coal, frozen meat, dairy products, wool and metal ore, while still achieving a speed of 13 knots, and these cargo holds could be converted into large dormitories capable of holding almost 700 steerage passengers. Under the leadership of a Captain Joshua Edward Ilbery, the Line’s most experienced officer, the SS Waratah was considered to be an unsinkable giant that could do no wrong, but on only its second voyage it would sail off into the annals of unexplained mysteries at sea.

SS Watarah

On 27 April 1909, the SS Waratah set out on her second trip to Australia carrying 22 cabin passengers, 193 steerage passengers, a crew of 119, and a large cargo of general merchandise en route to Adelaide, Australia. The vessel made the routine trip with no issues, stopping off at Cape Town, South Africa, before arriving at its destination on June 6, loading up on a cargo of lead ore, and then moving on to Melbourne and then Sydney, where it took on a huge cargo of bullion, wool, frozen meat, dairy and flour. On June 26, the SS Waratah departed Sydney on its way to Durban, South Africa, from where it was to continue on the Cape Colony port of Cape Town, then on to Europe. The vessel made it to Durban without issue, then and departed there on July 25 with 211 passengers and crew aboard. The SS Waratah was sighted by the Clan Line steamer Clan MacIntyre, and as the faster Waratah passed them the two ships communicated by signal lamp simple greetings and information. At this point there was no sign of distress or anything amiss at all, no indication of a problem, and so when the SS Waratah passed them and headed out of sight no one aboard the Clan MacIntyre thought anything of it. However, the SS Waratah was about to go sailing off the face of the earth.

The SS Waratah failed to arrive at Cape Town on schedule, and as the days passed with no sign of the ship there still wasn’t much alarm. After all, the legendary ship was considered to be indestructible, had a seasoned captain, and enough food and water to last 12 months at sea. However, as the days went by it was considered to be unusual, and so a massive search was launched involving a fleet of vessels. In the meantime, there were some rather worrying unconfirmed sightings of the missing ship, such as an unconfirmed sighting  by an Edward Joe Conquer, a Cape Mounted Rifleman who had been performing military exercises on shore on July 28 when he spotted an unidentified steamer that he claimed had been limping along and was then hit by a massive wave that he assumed had sunk the ship. No evidence could be found that this was the case.

The search would ultimately scour 14,000 miles over 88 days of a systematic hunt, but no sign of the missing SS Waratah could be found, not so much as a single scrap of debris, although members aboard of the search vessels, the SS Tottenham claimed to have spotted the body of a little girl bobbing about in the water but were unable to retrieve it. It could not be confirmed if this body was from the missing ship, or even that it was a body at all, since some of the crew members would say that they thought it was just a roll of paper in red wrapping. When passengers who had been on the ship were questioned in an effort to get some kind of answers, they gave varying accounts on the state of the vessel, with some saying that the ship handled well, while others described it as “top heavy,” unstable, and slow to respond to rolls. The testimonies of the witnesses, including experts and crew, couldn’t come to a consensus on the seaworthiness of the vessel, with wildly varying estimates on how stable it was, In the end, it was very little to go on, and the search was eventually scaled back, dwindling until authorities were forced to concede that the mighty “unsinkable” SS Waratah had somehow foundered at sea.

SS Waratah

In the following years there would be sporadic reports of sightings of the ship, and even reports of finding debris or even bodies from the SS Waratah, but these led nowhere and could not be confirmed. Some reports also sprung up that had not come to light during the initial investigation. One of these came out in 1929, and was a sighting made by the captain and crew of a ship called the Harlow, who claimed to have seen the smoke of a steamer on the horizon about 180 miles from Durban at the time of the disappearance, after which they had observed two bright flashes from the direction of the ship. After this, the mysterious steamer’s running lights had gone out, but the crew could not agree if this was evidence of explosions or was simply brush fires on the shore. In the end, it was not thought of as an emergency, the Harlow continued on, and it hadn’t even been entered into the log. It didn’t help efforts when several hoax articles made the rounds, including one that claimed that the Waratah had been discovered in Antarctica. Still other reports were just plain eerie. A rather spooky account made the rounds from a man named Claude G. Sawyer, who had been a passenger aboard the SS Waratah and claimed a vision he had had at port in Durban before that fateful voyage had saved him. He would say that he had had a series of vivid dreams that were unsettling enough to cause him to disembark at Durban and take another vessel home. In these visions, he saw what he described as:

a man dressed in a very peculiar dress, which I had never seen before, with a long sword in his right hand, which he seemed to be holding between us. In the other hand he had a rag covered with blood.

None of these various reports and details led to the discovery of the missing ship, and it has gone on to become one of the great maritime unsolved mysteries, inspiring much discussion and debate as to just what happened here. How could such a majestic, unstoppable vessel just vanish into thin air without leaving a single trace? There have been many theories, including that it capsized in a catastrophic storm or due to a massive cargo shift that caused it to roll and capsize, that it was sucked into a giant whirlpool, was the victim of an explosion in one of its coal bunkers, or was hit by a freak wave, and in more paranormal circles there is of course talk of portals and UFOs, but there has been no hard evidence of any one of these explanations.

In recent years there have been many expeditions that continue to search for the missing ship, sometimes even turning up evidence or even amazing claims that it had been found, but these have never been proven, and many wrecks that were thought to have been the SS Waratah have proven to be misidentifications. The author and well-known treasure hunter Clive Cussler has made no fewer than nine separate search expeditions along with fellow searcher Emlyn Brown, but all they have managed to find are wrecks that seemed promising at first, but turned out to not be the ship they were looking for. After all of this money and effort has been spent fruitlessly, Brown has lamented, “I’ve exhausted all the options. I now have no idea where to look.” In the end, the SS Waratah has never been found, no clue as to what happened to it uncovered, and we are forced to wonder. How could such a vast, imposing ship just vanish like that with all of its crew? Where did it go and how does it elude us? There are no real answers, and the case of the SS Waratah remains a great unsolved mystery of the hungry seas.

The post The Mysterious Vanishing of the SS Waratah first appeared on Mysterious Universe.

Top Scientist Thinks ETs Will Be AI Robots So We Need to Meet Them With AI Robots

It’s difficult to speak of ʻOumuamua, is the first known interstellar object detected passing through our Solar System, without mentioning Abraham ‘Avi’ Loeb, the first scientist (he’s a theoretical physicist who works on astrophysics and cosmology) to propose that the oblong object could conceivably be a spaceship with living beings on it or an autonomous exploration vehicle checking us out before returning home. ʻOumuamua is gone, but Avi Loeb is still here and keeping his name in space and UFO news with various interesting theories on the search for alien life that excite enthusiasts while frustrating other scientists. His latest one, published in Scientific American, involves what we should do if we encounter alien life forms up close and personal. Shake hands? Run? See if it’s holding a cookbook?

Can we outrun them?

“Despite the naive storylines about interstellar travel in science fiction, biological creatures were not selected by Darwinian evolution to survive travel between stars. Such a trip would necessarily span many generations, since even at the speed of light, it would take tens of thousands of years to travel between stars in our galaxy’s disk and 10 times longer across its halo. If we ever encounter traces of aliens, therefore, it will likely be in the form of technology, not biology.”

Science fiction is naïve? Avi is obviously not interested in making friends and doesn’t seem to accept the idea of time-and-space-spanning wormholes. In this paper, he refines his ʻOumuamua idea down to the alien being level – the creatures he thinks we’ll encounter from other solar systems will be technological … the alien equivalent of AI robots. In his techno-Darwinian world, these ‘aliens’ would be able to survive time and aging – they would be equipped with self-repair mechanisms with self-learning that allows them to adapt as they travel in a kind of robotic survival-of-the-fittest evolution. With ʻOumuamua gone, Loeb uses the Tic-Tac UFOs as his example of something humans are encountering right here on Earth that could be an autonomous techno-being from another solar system. That leads him to the real ‘big question’ of the article.

“How could we tell whether an autonomous extraterrestrial AI system is a friend or a foe?”

Look them in the ‘eye’?

goes from the near future to the ancient past for an example – the story of the Trojan Horse – to illustrate that it’s not an easy task. He suggests a three-step process – study the behavior of the probes to determine what they are seeking, examine how they respond to our actions, and engage with them in a way that would promote our interests. Let’s see … the Tic-Tac UFOs are flying and diving around Navy jets and ships, they seem to be toying with both as they evade and escape with ease, and we’ve engaged by not engaging. Does this sound like a good plan for future techno-alien encounters? Loeb says no.

“Ultimately, we might need to employ our own AI in order to properly interpret the alien AI. The experience will be as humbling as relying on our kids to make sense of new content on the internet by admitting that their computer skills exceed ours. The quality of expertise and AI might be more important than physical strength or natural intelligence in determining the outcome of a technological battlefield.”

He proposes forming an international team of top techies in the areas of computing, physics and strategy (finally – gamers get some recognition) to sell the ‘AI to AI’ response to world leaders who would rather use force first and ask questions later – the way we’ve always dealt with adversaries and invaders … successfully or not. That just what Loeb warns against – we can’t use brute force against alien AI (sorry, Will Smith). We have to rely on scientists and advanced and evolved AI to overcome threats from alien technological equipment.

Are you sure about this, Avi?

Rely on science? Depend on autonomous machines? Based on what’s going on in the world today, perhaps Avi Loeb should have recommended the international team of techies include a few top salespersons too. Topic for your next theory, Avi?

The post Top Scientist Thinks ETs Will Be AI Robots So We Need to Meet Them With AI Robots first appeared on Mysterious Universe.

Big victory for Ripple! Judge denies SEC’s motion to quash Hinman deposition

The deposition of the former SEC director William Hinman will go on as scheduled, a judge has ruled in what is a big victory for Ripple.
The SEC had filed a motion to quash the deposition, with legal experts now speculating on why the SEC is hell-bent on protecting the former executive.

Ripple Labs has scored a major victory in its legal battle against the U.S Securities and Exchange Commission. In a hearing on Thursday, a U.S federal judge ruled against the SEC in its motion to quash the deposition of William Hinman, the former director of its division of corporate finance. Hinman is renowned for being the SEC official who declared that Ether and Bitcoin were not securities, a statement that has taken center stage in XRP’s securities violations allegations.

Judge Sarah Netburn ruled in favor of Ripple, stating that the Ripple case is “not a run-of-the-mill SEC enforcement case.” She further sought to reassure the watchdog that the deposition “wouldn’t open the flood gates.” This was in response to SEC’s argument that this could set a precedent in which SEC officials are deposed by every other firm the watchdog pursues.

Judge Netburn did admit that Hinman was a high-ranking SEC official back when he was at the agency. This, under normal circumstances, exempts him from being deposed, unless “under exceptional circumstances.” However, the Ripple case merited the deposition since Hinman “held substantial authority in a very important federal agency.”

#xrpcommmunity #sec_news v. #ripple #XRP Hinman deposition authorized but may be delayed for a “brief period” after a meet and confer regarding deliberative process privilege. Response due tomorrow.

— James K. Filan (@FilanLaw) July 15, 2021

Related: Ripple wants to depose former SEC director William Hinman, but the regulator is fighting this hard

Why Hinman could make or break the case

The hearing brought to the fore a number of issues that have become critical in the case. One of these was the SEC’s argument that when Hinman claimed Ether and Bitcoin weren’t securities, he was speaking in a personal capacity, not as an SEC official.

Judge Netburn dug into this, asking the SEC’s attorney Ladan Stewart, “If Hinman was expressing his personal views, then how can a high-level official protection privilege apply to words that he said in his personal opinion only?”

Ripple has been pushing to have the deposition take place on Monday, July 19th, as originally scheduled. However, when the judge sought to confirm with the two parties if it would still take place on Monday, SEC’s Attorney Stewart stated that “we will need time to reevaluate.”

According to Attorney Jeremy Hogan, this could only mean that the SEC intends to appeal Judge Netburn’s ruling.

Appealing this order suggests to me that the SEC is desperate for this deposition not to go forward. Why exactly they are desperate I do not know, but there is something there that that is just not “normal bad” but really bad.

Hogan further revealed that there’s a caveat to the deposition, in that Judge Netburn will probably limit the scope of what Ripple can ask Hinman.

What I’m saying is that there is something to be unearthed here and the question is, will Ripple be able to unearth it?

As the attorney further revealed, the XRP community has been a big reason for the judge’s decision. Judge Netburn acknowledged that there’s a significant public interest in the Ripple case, which makes it an exceptional one. This was one of the reasons she decided to move forward with the Hinman deposition.

During the hearing, Judge Netburn acknowledged YOU – yes YOU in her ruling. She mentioned the significant “Public Interest” in the case as one reason why this was an exceptional case and a basis for the Hinman deposition. Phone line was maxed out at 4k again – congrats to you! https://t.co/vTJJe3avJa

— Jeremy Hogan (@attorneyjeremy1) July 15, 2021

Der Beitrag Big victory for Ripple! Judge denies SEC’s motion to quash Hinman deposition erschien zuerst auf Crypto News Flash.

81-Million-Year-Old Shoulder Blade May Belong to a New Dinosaur Species

A shoulder blade that was found in Japan may be the largest ornithopod that’s ever been discovered in the country and could also belong to an entirely new species. The shoulder blade, which dates back to the late Cretaceous Period, was discovered in a layer of sediment on a beach on the west coast of the Nagasaki Peninsula in the city of Nagasaki.

The earth in which the bone was found (called Mitsuse-so) is around 81 million years old and that is the estimated date of the fossil as well. It was the Nagasaki prefectural board of education and the Fukui Prefectural Dinosaur Museum who made the announcement on July 12th.

The ornithopod dinosaur that the bone was a part of would have measured about 9 meters in length (29.5 feet). Described as being in near-perfect condition, the shoulder bone curved along the thorax and measured 90 centimeters in length by 20 centimeters in width (3 feet long by 7.9 inches wide).

Experts who analyzed the bone revealed that it was a left-side shoulder blade from an adult Hadrosauroidea (a family of ornithopods that include the duck-billed dinosaur). They were bipedal herbivores that were around during the Triassic and Cretaceous Periods. In fact, the oldest fossil belonging to a Hadrosauroidea that lived in Japan was found in Katsuyama, Fukui Prefecture and dates back about 120 million years.

Kazunori Miyata, who is the museum’s chief researcher, described the finding as an important factor in the “ecology of dinosaurs living in groups in Nagasaki in the late Cretaceous Period.” Beginning on July 16th, a replica of the fossil will be put on display at Nagasaki city hall, the museum in Fukui, and at several other locations.

A picture of the shoulder blade and an image of what the dinosaur would have looked like can be seen here.

There have been other significant dinosaur discoveries made in Japan such as a 72-million-year-old Kamuysaurus fossil in Hokkaido; a Yamatosaurus fossil on Awajishima island in Hyogo Prefecture; a Tyrannosaurus in the Mitsuse-so stratum, and a small theropod also in the Mitsuse-so stratum. Additionally, a perfectly-preserved 73-million-year-old duck-billed dinosaur was found and named Kamuysaurus japonicas. It was a juvenile that died when it was at least 9 years of age and despite its young age it was still 26 feet long and weighed more than 5 tons.

The post 81-Million-Year-Old Shoulder Blade May Belong to a New Dinosaur Species first appeared on Mysterious Universe.

Fireblocks and Polygon Integrate; Polygon clients to have access to crypto infrastructure tools, including FireBlocks Asset Transfer Network

Fireblocks has integrated Polygon to bring its diverse crypto products to all Polygon users. 
Institutions building on Polygon will now begin to enjoy full access to Fireblocks tools. 

Digital assets firm Fireblocks has partnered with Ethereum-scaling protocol Polygon to allow Polygon users to have exclusive access to its unique tools and crypto infrastructure. The announcement on Fireblocks integrating Polygon in institutional-grade products and security was made on the 15th of July. Now, institutions and projects, including all users leveraging Polygon, will have thorough access to the various Fireblocks tools which focus on facilitating crypto adoption. 

Polygon and Fireblocks join forces

According to the announcement, one of the tools clients building on Polygon will have access to is the Fireblocks Asset Transfer Network. This network enables secured institution-to-institution crypto transfer. Another juicy product that Polygon users will enjoy with the integration is The Multi-Party Computation (MPC) Wallet-as-a-Service. The service aids effective transactions with multi-owner crypto wallets. In addition, Fireblocks’ Security platform will be available for Polygon clients. The platform efficiently secures extremely valuable wallets like centralized exchanges. 

Furthermore, the announcement revealed institutions would have full access to Polygon for fast and cheap on-chain transactions with the previously seen security features of the Fireblocks stack.  

The CEO and co-founder of Polygon, Jainti Kanani, commented on the collaboration. Kanani said:

I’m very excited to be working with Fireblocks to provide an institution-friendly way of accessing the Polygon Commit Chain. The Fireblocks toolsuite offers everything that major funds and institutions need to interface with blockchains, including security and regulatory compliance. Now, accessing Polygon for institutions is as easy as any other major blockchain.

Polygon is known for its user-friendly platform used for Ethereum scaling and infrastructure development. The platform has expanded over time and now hosts more than 450 DApps. With more than 13.5 million distinct users, over 350 million transactions have been completed on the platform. 

Fireblocks’ CEO expresses excitement over integration

Speaking on the latest development, FireBlocks CEO and co-founder Michael Shaulov said in a statement:

The Polygon Network has quickly become the leading scalability solution for Ethereum, both via its currency Commit Chain and the innovation Polygon SDK. We are excited to be supporting the growing network to offer the best-in-class tools for security, ease of use and compliance for institutional customers.

Fireblocks is a giant in storing, moving, and issuing digital assets. Notably, several banks, fintech, exchanges, liquidity providers, OTCs, and hedge funds leverage the first secured platform and its management feature. Fireblocks offers its wide range of products and services to more than 200 financial institutions. 

Last month, one of FireBlocks clients, liquid staking provider StakeHound filed a lawsuit against the digital asset firm. StakeHound complained about the loss of $75 million worth of ETH. According to StakeHound, Fireblocks locked it out of its wallet, which contained 38,178 ETH coins. StakeHound blamed a Fireblock employee, saying that the worker did not protect nor back up its private keys. 

However, Fireblocks denied the allegation. Fireblocks noted that StakeHounds refused to follow the guidelines in backing up the keys. 

 

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Zilliqa announces urgent upgrade to resolve huge memory consumption of mining nodes

Zilliqa is working on solving the issue of blockchain downtime faced by users.
Zilliqa is planning to introduce formal verification tools for verifying the “correctness, reliability, and dependability of mission-critical software systems”.

Zilliqa, the first public blockchain to implement sharding, announced an urgent upgrade to its blockchain platform. Jun Hao Tan, the senior VP of security and engineering at Zilliqa noted that the upgrade is an attempt to resolve the issue of large memory consumption on the mining nodes for the DS committee. Thus, in an announcement on Wednesday, July 14, Zilliqa tweeted:

Dear Community We are working on an urgent network upgrade. In this upgrade period, no transactions will be processed and the blockchain. API may not be accessible. We will keep you posted on the upgrade’s status. Thank you for the continued support!

In its Reddit post, Zilliqa noted that its last network upgrade v8.0 was feature-packed. Besides, it reduced block time, adjusted priorities for miners, along with several other optimizations. However, the Zilliqa blockchain showed instability post the upgrade. As a result, the core team intervened on several occasions for introducing patches. But this resulted in multiple downtimes.

Zilliqa noted that it aims to bring transparency while taking steps that reduce the chances of such events in the future. It aims to bring new features atop its underlying technology while following industry standards and running stress tests. The Reddit announcement notes:

Once the changes and unit tests are fully ready, we run these new changes on a private small-scale network for a period of time, followed by a large-scale integration at the mainnet-scale and then deploy the changes on a public testnet open for all to interact with. If a bug is found during testing on any of the networks, the bug is fixed and we start from the first step, by writing a unit test to capture the bug, deploying the fixes on a private network and so on.

Introducing formal verification tools

Now, to advance its testing process, Zilliqa plans to introduce “formal verification tools” to model the system. The developers then can formally verify the generated model and even the implementation. However, formal verification tools require extensive man-hours. But at the same time, they are helpful for verifying “correctness, reliability, and dependability of mission-critical software systems”.

Zilliqa aims to combine two complementary functions of unit testing and formal verification. This will help developers to detect any design or implementation issues associated with the critical part of the codebase.

To subside these issues further, Zilliqa is planning to reduce the frequency of network upgrades. This will give more time to test the existing features on its blockchain, and in the wild.

In the latest troubleshooting, Zilliqa noticed “a couple of smart contracts deployed on the mainnet where the implemented logic makes the contract state grow with new transactions”. The team will now fine-tune some parameters that will put the underlying design patterns out of notice. Besides, it will bring better static and dynamic to warn developers in this regard. The Reddit post notes:

Do note that such contracts may work fine for now but may sooner or later hit the block gas limit, rendering these contracts unusable and uncallable. We encourage developers to be mindful of this and other similar design patterns. For example, if a contract is using a list and if that list grows with every single transaction, this may create issues in the future for the contract. Also, contracts should avoid loops whenever possible as loops on a very large list or map will hit the block gas limit at some point.

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IOHK announces successful hard fork of Cardano’s Alonzo testnet to Alonzo White node

IOHK announced the success of the Alonzo testnet hard fork to Alonzo White node. 
Alonzo White will onboard stake pool operators, pioneers, and 500 members of the Cardano community. 

The driving force behind the decentralized and smart contract platform Cardano, Input Output Hong Kong (IOHK), has announced a successful hard fork of the Alonzo testnet. The Alonzo testnet has now been forked into the new Alonzo White node. IOHK revealed the success of the Alonzo testnet hard fork on the 14th of July. 

According to a tweet by the research and development company behind Cardano, the hard fork was completed around 19:44 UTC. In addition, the research company added that the new network is already making blocks. 

The IOHK team has been working on a successful hard fork of the testnet as the network moves nearer to smart contracts. The team continued:

We’ll monitor the new network closely over the next 24 hours while continuing to do further QA work on the node tonight. We’ll then review any feedback/results tomorrow and start addressing any required fixes. We expect a number of updates as we add features to Alonzo White.

When IOHK announced the Alonzo rollout earlier, the team said the unveiling would consist of a series of color-coded tenets. IOHK has previously launched the first alpha testnet, Alonzo Blue, which went live on the 27th of May. Alonzo Blue was initially supported by a small group of SPOs, partners, and Plutus Pioneers. 

IOHK: Alonzo White goes live after a successful hard fork

The second phase, Alonzo White, will allow stake pool operators and pioneers to participate in the stage. In addition, the Alonzo White phase will onboard about 500 members of the Cardano community. 

Blockchain technology company EMURGO referred to the hard fork, saying:

With the Alonzo hard fork coming up on the road towards the Goguen era, developers will be able to start trying out decentralized applications in a testnet and ready Cardano’s network for the mainnet launch of smart contracts.

The testnet will be public after the Alonzo White rolls into Alonzo Purple, which is the next phase. Expectedly, Alonzo Purple will launch in August and will feature the first testnet that will be fully public and will allow the participation of all pioneers. 

The success of the Alonzo project will result in the development of new DApps, including decentralized finance applications. As such, Cardano will be able to compete with other decentralized finance platforms, including Binance, Ethereum, Polkadot, and other notable platforms. 

Cardano founder Charles Hoskinson is optimistic that the successful launch of the Alonzo Testnet will fuel an increase in the value of ADA. At the time of writing, ADA is trading at $1.23. The price of the Cardano native token has declined by around 3 percent in the last 24 hours. Currently ranked 5th largest crypto by market cap, the token stands at a market valuation of roughly  $40billion. In addition, ADA has jumped 4.69 percent in its 24-hours trading volume. 

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