TheDinarian
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The Dinarian hosts news, interviews, conversations, stories, and opinions from the blockchain community, both inside and outside of cryptocurrency. Experts discuss how blockchain technology is changing the world ? and impacting business ? networks , transaction workflows, distributed ?? ledgers that are replicated, permissioned and a lot more...?
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⚠️ The Financial Sector Is A Prime Target For A Cyber Attack ⚠️

💻🌐 The financial sector is a hot target for cyber attacks due to its potential economic impact and the valuable data stored within institutions.

🔗 Interconnectedness: The global financial system is highly intertwined; disruptions in one part can have 🌊 cascading effects.

🕵️‍♂️ Sophistication of Cyber Threats: Cyber attackers are getting more sophisticated, using advanced techniques to breach security measures.

💰 Motivations: Cybercriminals are motivated by financial gain, hacktivism, state-sponsored activities, or other geopolitical motives, making the financial sector a 🎯 target.

🛡️ Vulnerabilities: Despite cybersecurity advancements, weaknesses in systems may exist, leaving room for exploitation.

🔄 Rapid Technological Changes: The financial sector adopts new technologies rapidly, introducing new vulnerabilities.

🌍 Governments, financial institutions, and cybersecurity experts are 🚨 vigilant, working to enhance security measures and resilience.

📊 Regular cybersecurity assessments, information sharing, and collaborative efforts among nations and organizations are crucial in mitigating risks.

🤔 While predicting is hard, staying vigilant and proactive is essential to minimize the potential impact on the world financial system.

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"I Know This Personally" Karl Nell (Retired Col-Aerospace Executive)

"I Know This Personally" ~ Karl Nell (Retired Col-Aerospace Executive) 🛸👽 He says it at the 7:14 timestamp in the video..

In his first public appearance since May, Nell reiterates his assertion that the Non-Human Intelligence phenomenon is real & has had a long-standing interaction with humanity.

I wonder how long people will still remain ignorant after all the evidence out there. 🤔

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🇺🇸 Pro-Bitcoin PAC releases presidential campaign video supporting Donald Trump 🇺🇸
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💥 Robert F. Kennedy Jr. exposing the Covid 'vaccines' (bioweapon??) as a military project: 💥

"Turns out that, you know, the vaccines were developed not by Moderna and Pfizer. They were developed by NIH. They're owned. The patents are owned 50% by NIH. Nor were they manufactured by Pfizer or by Moderna. They were manufactured by military contractors." ~Robert F. Kennedy Jr.

The Declaration of Independence states, that “when a long train of abuses and usurpations, pursuing invariably the same object evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security.”

https://www.learnliberty.org/blog/the-declaration-of-independence-says-we-have-the-right-to-overthrow-the-government/

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Cross border payments: Citi spotlights DLT. FSB reports on G20 progress

During the past week Citi and the Financial Stability Board (FSB) have published separate reports on cross border payments. Both papers explore G20 targets for improving cross border payments. Unfortunately, 2024 speed figures were worse than 2023 for wholesale, retail and remittance payments, largely reflecting more accurate data. Citi’s report highlights that fintechs expect to gain 10% in market share from banks in the next two to five years. Its survey shows that DLT is one tool to address the pain points, but more in the medium term.

G20 cross border payment speed bumps
The G20’s targets for 2027 are multifaceted, including improving speed, cost, transparency and access. After improvements last year, the speed statistics have gone backwards in 2024. For wholesale payments, this has more to do with some calculation changes by Swift. The others seem to boil down to more accurate data in 2024.

For example, 99.6% of North American B2P payments settled in one day in 2023, but the figure collapsed to 46.3% ...

⚠️ BRICS SUMMIT SUMMARY ⚠️

The BRICS Summit in Russia ended. Here's everything you need to know:

1. The Indian Prime Minister held a meeting with the new Iranian President, to discuss relations and global affairs. This comes at the same time that India is supplying drones, weapons and explosives to Israel.

2. Indian Prime Minister Modi also held a meeting with Russian President Putin. In that meeting, he vowed to help Russia end their war with Ukraine.

3. The members of BRICS, posed for a photo.

4.The entirety of BRICS collectively condemned Israel and called for a ceasefire.

5. For the first time in 5 years, India and China held a bilateral meeting. This came a day after a historic agreement was announced between the two countries, to end their disputed border crisis.

6. The Saudi Crown Prince did not attend the BRICS summit, despite being invited. Instead, he had a meeting with the US Secretary of State, Anthony Blinken.

7. Putin announced Iran has "become a fully-fledged member of the BRICS."

8. One of the most important ...

Coinbase Maintenence Alert ⚠️

On Saturday, October 26, Coinbase will undergo a scheduled upgrade at 8:30 AM PT lasting up to 2 hours or more. Trading on Coinbase.com will be unavailable during this timeframe.

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Theta Labs Expands Korean Academia Presence with Addition of Hankuk University as EdgeCloud AI Customer

Theta Labs is proud to announce Hankuk University of Foreign Studies (HUFS) as the newest EdgeCloud AI customer. Theta has gained significant traction in Korea academia recently with Korea UniversitySeoul Women’s University (SWU)KAIST, and Yonsei University utilizing its infrastructure to advance their AI research in various cutting edge fields. Theta also welcomed its first corporate customer, Jamcoding, one of the leading coding e-learning platforms.

HUFS is known for its excellence in research and global education,ranked among the top universities in Korea, specializing in AI, languages, and data convergence. Through this collaboration, LAB HAI at HUFS, led by Professor Ikbeom Jang, will leverage Theta EdgeCloud’s scalable EdgeCloud platform to accelerate projects such as LLM-based multimodal data training, neural network-based biomedical data compression, medical imaging and brain diseases, and loss function for accurate network calibration.

“Theta EdgeCloud is positioning itself as one of the leading GPU computing platforms for academia in Asia. Our partnership with Theta will enable us to rapidly scale up our multimodal medical AI research. In particular, LLM-based multimodal data learning utilizing H100 GPUs can be applied to a wide range of AI-based healthcare applications and will contribute to strengthening Korea’s AI technology competitiveness.” said Professor Ikbeom Jang.

Prof. Ikbeom Jang is a graduate director in the Department of Computer Science and Engineering at Hankuk University of Foreign Studies, where he is responsible for managing the department’s computer cluster.

He is actively conducting research on developing artificial intelligence and deep learning technologies and applying them to healthcare applications. Prior to that, he was a postdoctoral fellow at Massachusetts General Hospital, Harvard Medical School, and earned his Ph.D. in electrical and computer engineering from Purdue University, USA. LAB HAI has achieved many accomplishments in the past year and a half. A number of papers have been accepted and published in international conferences such as ICPR, CVPR, IEEE PICom, IEEE BigComp, and MICCAI workshop, and in journals such as Human Brain Mapping, Neurobiology of Aging, and PLOS One. Prof. Jang has been awarded research grants from multiple agencies including the National Research Foundation of Korea and the Centers for Disease Control and Prevention. LAB HAI members have participated in various conferences and academic activities, and have completed U.S. patent applications as well as received multiple awards and given invited lectures.

This multi-year agreement solidifies Theta Labs’ commitment to advancing AI research by providing cutting-edge decentralized GPU resources to prestigious institutions like HUFS. With over 33,000 students and a reputation as a leading university in Korea, HUFS will use Theta’s high-performance NVIDIA H100 GPUs to accelerate AI-driven healthcare innovation.

“We are thrilled to expand our presence in the academic sectors with the addition of Hankuk University of Foreign Studies to our growing EdgeCloud AI customer roster. This is a key milestone in expanding the use of decentralized computing in real-world applications. With HUFS joining Korea University, KAIST, Yonsei, and Seoul Women’s University, we are taking a leadership position in becoming the most widely adopted decentralized platform for AI computing. By providing HUFS with high-performance GPU resources, we are empowering their researchers to advance healthcare AI innovation, particularly in medical imaging and disease prediction.” said Mitch Liu, co-founder and CEO of Theta Labs.

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How BlackRock helped Bitcoin get its mojo back
  • Larry Fink's comments helped fuel the crypto rally this week.
  • However, it wasn't the only huge news to hit the industry.

At first it sounded like an unimportant reminiscence, a casual reference to the good old days on Wall Street with little significance for crypto investors.

Hardly...

When BlackRock CEO Larry Fink compared Bitcoin’s evolution with that of the mortgage-backed securities market of the 1980s, well, the analogy electrified crypto — with crypto mavens offering fresh takes on why the cryptocurrency “will go higher fast”.

The mortgage bond market is a $11 trillion colossus, and the idea that digital assets would be mentioned in the same breath by one of the guys who helped build that pillar of the US economy was not on anyone’s bingo card.

As Liam Kelly reported this week, Fink’s comments move the market, especially when he muses on where cryptocurrencies are headed.

BlackRock, the world’s top investment firm, manages the biggest Bitcoin exchange-traded fund, which sports more than $25 billion in net assets.

What was especially interesting about Fink’s comments, Liam wrote, was how unimportant regulation is to Bitcoin’s trajectory.

For the last three years, crypto has been obsessed with the machinations of Gary Gensler and the US Securities and Exchange Commission, and for good reason.

The agency’s crackdown could force the industry to fundamentally change how it operates.

Indeed, Joanna Wright reported this week how crypto players are “forum shopping” in the US court system to garner an advantage in their battle with the SEC.

But Fink, in a BlackRock earnings call on October 11, highlighted other forces driving Bitcoin’s growth: “analytics and data.” That’s what propelled mortgage bonds decades ago, and the same would happen with crypto, Fink said.

“I truly believe we will see a broadening of the market of these digital assets,” Fink said.

Bitcoin investors didn’t really need another reason to buy, but they got one anyway. The world’s top cryptocurrency surged another 11% in the last seven days and is approaching $70,000.

The last time Bitcoin crested that threshold was in June, and following a choppy summer the cryptocurrency is up 61% this year.

The market is getting so frothy that even the most exotic breed of memecoins are posting eye-watering numbers.

Aleks Gilbert chronicled the mad tale of GOAT, a coin based on an obscene meme that first went viral in the early ‘00s. It went from zero to $350 million in the space of days this week.

The mojo is rising.

It doesn’t matter if Donald Trump or Kamala Harris wins on November 5 for that to happen, the BlackRock CEO said.

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Grass Network Launch: Airdrop One
The internet belongs to everyone. Grass is a decentralized movement uniting millions worldwide to take back collective control of the web. The first airdrop will be one of the most widely distributed airdrops in history and represents a crucial step toward building the first user-owned map of the Internet.
 
What the Token Enables:
The Grass token (GRASS) is a foundational element of a decentralized network that empowers users to take back control of their Internet bandwidth and to access and contribute to the functionality of the Grass network.
 
GRASS will enable holders to engage with the Grass network as follows:
  • Network Governance: Participate in the development of the Grass network, including proposing and voting on network improvements, aligning on which organizations to work with, and determining incentive mechanisms for all stakeholders.
  • Staking and Rewards: Stake GRASS to Routers to facilitate web traffic flowing through the network and earn rewards for contributing to the security of the network.
  • Access to Bandwidth: After decentralization, GRASS will be used to pay for transactions on the network, enabling decentralized scraping of public web data.
Why a Distributed System is Necessary:
There are three equally important reasons for which Grass needs to operate on a blockchain.
  1. Transactional Efficiency: Global settlement in over 190 countries is both easier and better on-chain than it is off-chain.
  2. Transparency: Proofs of each transaction being posted on-chain provides empirical evidence that rewards are being equitably distributed. It also provides transparency with respect to the verification of data provenance.
  3. User Ownership: Users can and should own their contributions, otherwise they’ll continue to be at the mercy of large tech companies who do not have their best interests in mind.
Airdrop One Distribution:
Airdrop One allocates 100,000,000 GRASS (10% of total supply) to early node runners and community members as follows:
  • 9% to users who earned Grass Points during Stage 1 (the Network Snapshot),
  • 0.5% to GigaBuds NFT holders, and
  • 0.5% to users who installed the Desktop Node or the Saga Application.
The Network Snapshot includes all users who earned more than 500 Grass Points in a given epoch.
 
You can check your eligibility and see your final allocation here:(Use a VPN if in a restricted area).
 
 
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Allocations for each epoch are divided into nine tiers. Tiers are determined based on Grass Points earned from network uptime and referrals, with higher Grass Points placing participants in higher tiers.
 
 
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Every eligible user will be rewarded for their Grass Points, however, the method and timing will differ based on your jurisdiction.
 
A total of 4,996,015 tokens are distributed equally among all GigaBuds NFTs as of the
snapshot block excluding any NFTs that were listed at the time of the snapshot. Eligible wallets will receive 515 GRASS per GigaBud NFT.
 
In order to reward the adoption of new Grass distribution channels, 5,000,000 GRASS are distributed equally among all accounts that have installed the Desktop Node or Saga Application and earned 500 or more Grass Points in a given epoch prior to October 11, 2024 at 05:00 UTC.
 
Live Context Retrieval (LCR)
Motivated by the opportunity to create better search, LCR will help LLMs retrieve accurate and up-to-date knowledge from the web to provide Internet users with a better search experience.
 
The issue with the current web indices, which serve as the backbone for AI search, is that they’re heavily influenced by Search Engine Optimization. This reliance on advertising-driven monetization benefits intermediaries at the cost of search result quality.
 
Live Context Retrieval will be the only neutral way to connect any model to the internet, from which all the value will accrue directly to the Grass Network, and by extension, users.
 
Router Infrastructure & Staking
Routers are geographical hubs that connect all nodes within a certain region to validators on the network. Routers reduce the latency of web requests and add infrastructure redundancy to ensure the network is always operational. GRASS can be delegated to routers on the network to support in securing web traffic. At network launch, a minimum of 1,250,000 GRASS must be staked for routers to become operational.
 
Network Integrity
To ensure fairness and prevent network abuse, Grass has implemented a robust system to identify network abusers. Users were filtered based on multiple techniques, including Graph ML to identify suspicious referral trees, device fingerprints, similar IP subnetworks, and more.
 
These measures ensure that only legitimate participants are included in the airdrop, safeguarding the integrity of the GRASS airdrop.
 
Grass exists in order to return control of the internet back to where it belongs: with users.
Thank you to the many community members who have been supporting one another, spreading the word, and most importantly, touching Grass.
 
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