Feds Seize $3.36 Billion Crypto Linked to Silk Road
In a historic move this week, the Feds announced the seizure of over 50,000 bitcoin that had been stolen about a decade ago when a single bitcoin was worth around just $10 USD. It’s the second-largest bitcoin recovery on record and the biggest completed by the recently-created Virtual Assets Unit.
So where were the coins hidden and how were they recovered by the Feds?
Chris Dixon, a General Partner at Andreessen Horowitz, is the author of "Read Write Own: Building the Next Era of the Internet." This book is an essential read for anyone looking to grasp the essence of the Web3 movement.
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In this week’s episode, I speak with Gabby Dizon, co-founder of Yield Guild Games, or YGG. Long before Gabby was into crypto he was into gaming, and that’s how he started playing Axie Infinity, a blockchain-based game where players earn cryptocurrency just for playing. Gabby eventually became a well-known figure in the Axie community, spreading the word especially in his home country, the Philippines, as he saw that crypto earned for playing was making a real difference in people’s lives.
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Today we’re bringing you the essential guide to protecting your digital assets, because now more than ever, securing your digital assets is key. Hardware wallets, recognized as the gold standard for crypto storage, are leading the charge in security.
So let’s dive into hard wallets, cold wallets, and everything in between to understand how and WHY you should actively protect your assets.
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What’s driving Bitcoin’s recent price action? Does it have anything to do with India’s plan to launch a digital rupee? Is it Russia’s move to recognize crypto? And what’s happening in Washington D.C. with regard to regulation? Robin Schmidt and Camila Russo of The Defiant join Real Vision’s Ash Bennington to unpack those issues and more – including the fact that Bitcoin is simply a volatile asset right now. Robin shares details of a conversation he had just yesterday with a high-profile American politician about U.S. lawmakers’ approach to crypto. The team also digs into scandals rocking the ecosystem, including the Solana bailout, ENS ousting Brantly Millegan over past tweets, and, of course, the chaotic (humorous? fun? crazy?) mess that is the fallout from the Bitfinex hack.
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Illia Polosukhin is the Co-Founder of NEAR Protocol, which is a sharded, proof-of-stake, Layer 1 blockchain. Originally conceived as an Artificial Intelligence endeavor, NEAR underwent a transformation, pivoting its focus to become a crypto project. We begin our conversation by exploring NEAR's shift into crypto, and later gain deeper insight into NEAR's core principles, underlying technology, the users, builders, as well as anticipated new features in the near future.
Chapters
1:04 Who is Illia Polosukhin?
4:04 NEAR’s design
7:52 Mini Blockchains
9:30 Consensus mechanism
10:29 NEAR token
12:30 Participating in NEAR Network
13:11 Physical shards
18:10 Delegation
19:32 Liquid staking on NEAR
20:50 Goal & Design
26:23 Ideal use cases for NEAR
33:54 Bridging
39:38 Attracting users and builders
44:38 New crosschain mechanism
48:10 Future of Blockchain
54:31 Future of NEAR
59:15 AI run governance
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We’re back with another explainer video, you know what that means! Today we’re doing a deep dive on Arch finance. We’re going to discover how they help create diversified crypto portfolios without spending an arm and a leg on transaction fees! So - what is Arch finance? What makes them special? And how EXACTLY do they improve the process of investing in web3? Let’s find out.
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