The scrutiny on Worldcoin continues. The Argentine Agency for Access to Public Information (AAIP) has initiated an investigation to ascertain the legality of its data collection practices. It wants entities like Worldcoin to register with the organization, provide information about its data processing policies, and indicate the purpose for collecting sensitive data and the retention period for such data. The AAIP did not confirm whether Worldcoin complies with the standards.
TLDR CRYPTO 2023-08-11
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01MARKETS & BUSINESS
BITSTAMP TO SUSPEND TRADING OF MAJOR ALTCOINS FOR US USERS
Bitstamp is suspending trading of Axie Infinity, Chiliz, Decentraland, Polygon, Near, Sandbox, and Solana for US customers, with all seven tokens being named by the SEC as securities. Users will still be able to hold the seven tokens in their accounts and withdraw them at any time. The SEC’s allegations against the tokens have not yet been proven in a court of law. It currently alleges that 68 cryptocurrencies are securities.
02INNOVATION & LAUNCHES
TELEGRAM INTRODUCES TON SPACE
TON, a blockchain system originally created by Telegram, announced the launch of its self-custodial crypto wallet TON Space that would be integrated in the prominent messaging app. It is now in a beta phase and available for developers. TON Space will provide users with full control over their assets. It will be able to seamlessly link to any app built on Telegram.
INTRODUCING LASSO AND JOLT
Silicon Valley venture-capital giant Andreessen Horowitz has released a pair of open-source software projects, Lasso and Jolt, with the goal of speeding up the core tech behind zero-knowledge proofs. Lasso and Jolt solve three crucial issues with SNARKs: performance, developer experience, and auditability. Lasso is a new lookup argument where the prover commits to fewer and smaller values than prior works. Jolt is a new frontend unlocked by Lasso's ability to use gigantic lookup tables. This article explains the projects and why they matter.
03GUIDES & TUTORIALS
INTRO TO AMM INCENTIVES
10 SECTORS TO KEEP AN EYE ON
04MISCELLANEOUS
ROLLUP DECENTRALIZATION - DOES IT MATTER?
FIREBLOCKS DISCLOSES MASSIVE VULNERABILITY AFFECTING CRYPTO WALLETS
05QUICK LINKS
THIS WEEK ON-CHAIN
EIGHTEEN LEADING VC FIRMS FACE FTX CLASS ACTION LAWSUIT
ONCHAIN SUMMER
The open-source GitHub repository for Coinbase’s Onchain Summer project.