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2024-04-26

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In this scenario, the prover uses an interactive approach where they ask the verifier whether the balls have been switched or not. The prover hides the balls, and reveals one at random to the verifier, who responds “yes” or “no” depending on whether the balls were switched. Street vendors abound in downtown Manhattan’s Financial District. But weeks ago, on Sept. 14, an especially unconventional seller set up shop in front of the United States Securities and Exchange Commission (SEC), transforming a patch of Maiden Lane into a colorful quilt of doormats, each spray painted with the straightforward instruction to “pull.” People enquired, but they were fake and not really for sale. The wares were part of “Rug Pull,” the latest guerilla installation by Nelson Saiers, a New York-based hedge fund manager turned artist who some consider “The Warhol of Wall Street” or crypto’s most creative activist. As an artwork, “Rug Pull” highlights the many victims affected by the type of scam it’s named after. The crypto rugs outside the SEC in New York. Source: SaiersOver the past year, crypto has been forced to overcome its resistance to centralized regulations. At the same time, victims of rug pulls and other scams have yet to enjoy the protection that centralized bodies supposedly provide. “The SEC’s shortcomings extended beyond merely failing to safeguard investors from clear scams,” Saiers told Cointelegraph, adding: “While they have a very difficult job, it seems they were too lax in some ways but also too aggressive in others. I feel their rejection of certain investments may have unfortunately led some investors into more fraudulent products.”Saiers only works on-site when it makes sense. His art practice transcends crypto, too. He takes on other topics like unjust incarceration or the profound union of art and math. The artist’s family moved from Ethiopia to the Washington, D.C. area when he was five. He earned his bachelor’s and Ph.D. in mathematics from the University of Virginia by age 23. Magazine: The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground reportSaiers chose to work in finance after reading the travails of the Wall Street bond salesmen in the book Liar’s Poker by Michael Lewis. He served as a managing director at Deutsche Bank and as the chief investment officer at his own fund, Saiers Capital, which won the 2011 HFMWeek Award for top Relative Value hedge fund.In 2014, though, he took the leap to become an artist.“Art was just way more interesting than finance at that point,” Saiers said. He’d seen significant shifts during his finance career — like the 2008 crisis, to say the least. By comparison, the field was calming down. “When you’re regularly daydreaming about art, or you wake up in the middle of the night and start thinking about your next art piece instead of the Nikkei and S&P, it’s time to become an artist.”He taught himself to paint with videos and books, building on childhood museum visits.At the end of 2014, Saiers presented his first full-scale exhibition titled “Blindfolded in Gravity’s Shadow” at Studio Vendome in New York. In 2016, he unveiled three more, including “Shortening: Making Irrational Rational,” which was a show criticizing unnecessarily long prison sentences for low-level offenders in America’s prison industrial complex through the lens of jerseys — since inmates often call those sentences “football numbers.” The show took place, appropriately, at the infamous prison on Alcatraz Island in San Francisco. Saiers caused a buzz with his first guerilla installation in 2018, where he inflated a towering “crypto rat” in Manhattan’s Financial District, staring down the Federal Reserve. The Bitcoin rat. Source: SaiersIts design was directly inspired by iconic New York City blowup rats, which often anchor protests against landlords. In this instance, Saiers added crypto code across the rodent’s body and Bitcoin (BTC) signs in its eyes. The rat also alluded to Warren Buffet, who called crypto “rat poison squared” at the time. That was the first crypto winter, where Bitcoin famously fell from $20,000 to $6,000 at the hands of SEC uncertainty and waning faith in the tech. That was the year Saiers, who’s only ever held Bitcoin, got involved in crypto. “I did want to inject some support back into the crypto community,” he said.Even at the height of the madness, he never got caught up in a rug pull. Despite disagreeing with Buffet’s crypto critiques, Saiers cited Buffet’s advice “to be fearful when others are greedy and to be greedy only when others are fearful” as his strategy for avoiding most scams. However, Saiers still sympathizes with those who’ve lost savings in the crypto sector, from obscure projects to FTX. Rather than protecting these taxpayers, he sees the SEC approving bailouts for big banks, even while America’s national debt climbs. “Rug Pull” speaks to that everyman mentality with its simplicity. Saiers sourced the rugs from Instacart, though his orders got canceled several times due to their size. He chose to spray paint the “pull” accents for pragmatism and to honor the guerilla artist aesthetic. A cart stationed near the sales display lent further, subtle nuance. The cart itself is another fixture for your typical New York street vendor, but Saiers’s had locks on it to represent locked liquidity, an exit sign to represent exit scams and an empty water bottle for a lack of liquidity. Recent: Crypto VC: Token investing and the next bull run with Digital Wave FinanceThe artist has another New York gallery show in store during the next year, but just because the “Rug Pull” debut is complete doesn’t mean the project is done. Saiers might perform it again. It wouldn’t be the first time he’d repeated a guerilla installation — he even brought the Bitcoin rat down to Washington, D.C., but while he only has to give the New York Police Department a day’s notice to set up in the city, the Secret Service in D.C. warned him that a bomb squad would need to check out the generator he uses to keep the rodent inflated. Saiers went home instead. “Rug Pull,” however, doesn’t require machinery. So, who knows where it could go on view next. Invest with confidence: Australia's top crypto brokers revealedNotably, the meme coin PEPE also made it to the top 10 ranking of social mentions. As per LunarCrush, it garnered 3,204 social media mentions this week. 🚨 30,300,000 #XRP (15,214,882 USD) transferred from unknown wallet to #Bitstamphttps://t.co/TgqGDcIt2y

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Diesel Offers Access to Milan Fashion Week Show With Latest NFT Drop Fridman asked Zuckerberg about some of the challenges and controversies that Meta faces, such as censorship, privacy, security, mental health, and competition. Zuckerberg acknowledged that Meta has a lot of responsibility and accountability for its impact on society and individuals, and that it is constantly trying to improve its policies and practices. He also said that he welcomes constructive criticism and feedback from users, regulators, and experts. Legal Issues and Trends in the Singapore Crypto SceneWe’ve found the best way to improve Ethereum is to ship good ideas into Cosmos, then Ethereum people will see that, take it, and run with it. People might say you don’t need Cosmos. We’ll just take all the good ideas to Ethereum. Well, where will you get all your good ideas from? The results show that Riot earned more from power curtailment credits than the net proceeds of its Bitcoin sales in August and September.

Bitcoin Price Slides As Bombs Rain on Gaza And Deaths Toll Rise “Ok the metaverse is officially real,” wrote pseudonymous account Gaut, a rare moment of seemingly genuine praise from a user typically known for his satirical and sarcastic takes on current events. What are the top 5 DeFi coins?Several key developments in the SEC vs. Ripple lawsuit have occurred in recent months: Amid the crisis, an urgent need arose for a secure storage solution until BitGo could take over. Kumanan Ramanathan, an advisor to FTX from Alvarez & Marsal, stepped forward. He had a Ledger Nano, a USB hardware wallet, in his office and offered to create a temporary sanctuary for the vulnerable funds.

Weiss Crypto, a division of Weiss Ratings agency, announced on its X page that last week Solana surpassed other major altcoins in terms of funds inflows from institutional investors. What is Cryptocurrency Used For? Top 10 Countries With The Highest Rate Of Cryptocurrency ...Mainstream Bitcoin (BTC) adoption won’t happen until it bridges to the Ethereum Virtual Machine (EVM) — the first point of entry for many real-world assets moving on-chain, a Web3 executive argues.Speaking to Cointelegraph, the founder of cross-chain infrastructure firm Botanix Labs, Willem Schroé, claimed Bitcoin “needs to start playing in the EVM world” for it to build real-world use cases to increase its adoption and utility.“Bitcoin is the most technologically secure and truly decentralized protocol [and] the EVM has proven itself to be the application layer for the global financial system,” Schroé said.Our Botanix Protocol positions Ethereum as a Layer-2 solution on top of #Bitcoin. We've added Ethereum onto the Bitcoin Network's secure foundation to harness the security of its Proof-of-Work mechanism.Also, enjoy the developmental ease of Ethereum.— Botanix Labs (@BotanixLabs) September 25, 2023 Users can now start depositing NTRN in preparation for trading.

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