The Daily Index — Friday, September 8, 2023 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

CFTC COMMISSIONER PITCHES PILOT PROGRAM FOR U.S. CRYPTO REGULATION

Caroline Pham, a member of the CFTC, has recommended a pilot program for regulation in the cryptocurrency markets. With input from industry experts and other members, Pham is suggesting a limited-time program that includes registration, risk management, and product terms. However, as the CFTC is led by Chairman Rostin Benham, a critic of the crypto industry, there may be delays in Pham's proposed measures.

coindesk.com · 2 min

TLDR Crypto

CENSORSHIP RESISTANCE WITH RESTAKING

Eigenlayer's newly introduced designs, MEV-Boost+ and MEV-Boost++, are aimed at improving Ethereum's liveness and protection against censorship. The contributions allow block proposers to auction off part of a block while maintaining the capacity to include transactions in the remaining segment. The innovations are an attempt to alleviate network concerns triggered by builder centralization and lack of relay neutrality.

twitter.com · 5 min

TLDR Crypto

THE FIRST MULTISIG WALLET IS NOW LIVE ON STARKNET MAINNET

Braavos has introduced Multi-Owner Account, an advanced multi-sig wallet on Starknet Mainnet. Beyond typical crypto multisig models, MOA combines innovative security with easy integration into decentralized applications. Key security features include decentralized three-factor authentication, autonomous gas payment capabilities, and seamless connectivity with dApps. The MOA will enable teams to manage Starknet treasuries and contract upgrades securely and collaboratively.

braavos.app · 2 min

TLDR Crypto

ETERNAL PRIVACY PLAYGROUNDS

This article discusses challenges and solutions regarding the integration of hidden information in games using a fully on-chain game backend. Emphasizing that zero-knowledge tech isn't the only answer, it advocates for the utilization of diverse cryptographic techniques for more engaging and balanced gameplay. The article also explains that the merging of privacy techniques from DeFi into on-chain gaming could unlock a new category of dApps.

tonk.notion.site · 5 min

TLDR Crypto

A SUMMARY OF VITALIK’S PRIVACY PAPER

The new privacy paper that came out earlier this week by co-authors Vitalik Buterin and Jacob Illum explores the use of Privacy Pools, a feature allowing users to separate themselves from illicit funds. This is comparable to Tornado Cash, with the added ability to prove that your original deposit came from a whitelisted address. The authors suggest that third-party whitelist providers could supply non-sanctioned or low-risk addresses. However, there are concerns about whether this would meet the Department of Justice's standards for compliance.

twitter.com · 2 min

TLDR Crypto

FTX EXEC RYAN SALAME PLEADS GUILTY TO CRIMINAL CHARGES

Former FTX Bahamas subsidiary leader, Ryan Salame, pleaded guilty to unlawful political contributions and running an unlicensed money-transmitting business. Agreeing to surrender over $1.5 billion in assets, his plea intensifies pressure on Sam Bankman-Fried, who is due for a fraud trial. Salame also faces separate investigations for questionable contributions to his girlfriend's political campaign.

theverge.com · 1 min

TLDR Crypto

I LIVED OFF CRYPTOCURRENCIES FOR ONE WEEK...WELL, TRIED TO

This blogger kind of succeeded in paying for most expenses over a week in Italy with cryptocurrencies. Despite initial challenges, the author managed to cover costs for a co-working space, food, beverages, and travel with Bitcoin, Monero, Zcash, and other forms of cryptocurrencies through various applications and gift card services. The author acknowledged the need for in-depth research and contingency plans when relying solely on digital currency.

mirror.xyz · 5 min

TLDR Crypto

MILLION THEFT ON STAKE

Earlier this week, Stake, a popular crypto casino and sportsbook, was exploited for $41 million. According to the FBI, the infamous Lazarus Group was responsible for this.

theblock.co · 2 min

TLDR Crypto

WAVE IN AUGUST

Riot Platforms earned $31.7 million in energy credits from Texas' ERCOT by reducing power during a heatwave, offsetting losses from declining Bitcoin revenues.

cnbc.com · 2 min

TLDR Crypto

EXPERTS LINK LASTPASS SECURITY BREACH TO A STRING OF CRYPTO HEISTS

The LastPass breach in 2022 has been linked to crypto thefts totaling $35 million, and it is presumed that victims stored crypto "seed phrases" in LastPass, giving the hackers access to their wallets once LastPass was breached.

theverge.com · 2 min

TLDR Crypto

SERVICE

Crypto Facilities, owned by Kraken, has been discussing launching futures contracts denominated in fiat currency with the U.K.'s Financial Conduct Authority.

coindesk.com · 2 min