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Suki Seokyeong Kang, a Korean sculptor who inventively revisited traditional Korean artistic styles and gained a worldwide following for it, died on Sunday at 48. Seoul’s Kukje Gallery announced her passing on Monday. Tina Kim Gallery, her New York representative, said in a statement that she died after a years-long battle with cancer. Kang repeatedly took up centuries-old art forms—Joseon Dynasty–era painting, 600-year-old forms of musical notation, and more—and then used these modes as the basis for her own sculptures, which were distinctly contemporary-looking. Those sculptures were often highly conceptual, requiring no small degree of historical knowledge to understand them…

Dogecoin holds a long-term ascending channel since mid-2020 despite short-term volatility. Immediate resistance for Dogecoin stands near $0.26, critical for sustaining bullish momentum. A drop below $0.12 could invalidate the bullish structure and trigger deeper retracement risks. Dogecoin (DOGE) maintains its long-standing bullish structure despite experiencing notable short-term volatility. Trading activity around the asset has intensified, with price movements closely aligning with major technical indicators and historic trendlines.  According to a recent chart published on TradingView, Dogecoin has held a long-term ascending parallel channel since mid-2020. The price action shows consistent interactions with both support and resistance trendlines, often correlating…

The FTX Estate has initiated legal action against NFT Stars Limited and Kurosemi Inc., accusing them of failing to deliver contractually owed tokens. FTX Still Open to Engagement The entity overseeing the estate of the collapsed cryptocurrency exchange FTX announced on April 28 that it is commencing legal action against token issuers NFT Stars Limited […]

A16z Crypto led a $25 million investment round into Miden, an independent blockchain project spun out of Polygon Labs.Miden closed its $25 million seed rounds led by a16z Crypto, 1kx, and Hack VC, with participation from Finality Capital Partners, Symbolic Capital, P2 Ventures, Delta Fund, MH Ventures, as well as from angel investors, including MakerDAO’s Rune Christensen and EigenLayer’s Sreeram Kannan.Miden is a zero-knowledge (ZK) proof-powered blockchain focused on high scalability through its hybrid consensus mode, which moves transaction execution from the mainnet on “edge devices,” referring to users’ devices.Designed for institutions that value confidentiality, Miden enables applications to execute…

Welcome back to Chain Reaction, a podcast that unpacks and dives deep into the latest trends, drama and news in crypto with some of the biggest names in the industry to break things down block by block for the crypto curious. For this week’s episode, Jacquelyn interviewed Jack Lu, co-founder and CEO of NFT marketplace Magic Eden. This is his second time on Chain Reaction, but the market has evolved a lot since the last time he came on in August 2022, so we’re excited to have him back! Before co-founding Magic Eden in 2021, Lu worked as a product…

A trio of major Abu Dhabi institutions, including the Emirate’s sovereign wealth fund, have teamed up to launch a new dirham-pegged stablecoin.Abu Dhabi’s sovereign wealth fund ADQ, the United Arab Emirates’ largest bank, First Abu Dhabi Bank (FAB), and the massive conglomerate the International Holding Company, have partnered to launch the stablecoin, pending regulatory approval, the three companies said on April 28.The trio said the stablecoin would be regulated by the UAE’s central bank and backed by the country’s currency, the dirham. It will also support use cases such as machine-to-machine and artificial intelligence.Source: IHCThe goal is to place the…

Bitcoin mining firm Phoenix Group announced the addition of 52 megawatts (MW) worth of mining capacity to its capabilities in Ethiopia.According to an April 29 announcement, with this latest addition, Phoenix’s Bitcoin mining capacity in Ethiopia reaches 132 MW. The firm’s global capacity now reportedly exceeds 500 MW.Phoenix’s co-founder and CEO, Munaf Ali, said the firm’s strategy relies on “securing prime locations with abundant, low-cost energy.”“Initiatives like our latest expansion in Ethiopia are pivotal steps, not only creating significant value today but also solidifying our position,” he said.Related: Arkansas city rejects crypto mining proposal after community pushbackBuilding on previous agreementsThe…

Amit KumarNew York UniversityProof Carrying Data from folding GKR with protostarCurrent Interactive Verifiable Computation (IVC) schemes face challenges with the Witness-Multi-Scalar Multiplication (Witness-MSM) barrier, limiting efficiency. We propose leveraging the Goldwasser-Kalai-Rothblum (GKR) accumulation scheme to significantly reduce the witness size, overcoming these limitations. Utilizing the Protostar compiler, we will fold the GKR protocol, enhancing computational efficiency. Furthermore, we aim to extend IVC into a Proof Carrying Data framework, facilitating parallel folding in a tree structure to streamline verification processes and improve scalability.Pratyush MishraUniversity of Pennsylvania and Stanford UniversityZippel: A language and compiler for building proof systemsWe propose Zippel, a new…

The AFL’s crypto exchange partner, Crypto.com, has breached UK advertising standards on multiple occasions and been accused of “misleading” and “irresponsible” behaviour.The UK Advertising Standards Authority rulings may invite further scrutiny of Crypto.com promotions in Australia.A five-year partnership between the AFL and the Singapore-based exchange was announced in January 2022. Since then, Crypto.com has been promoted around AFL stadiums.In December the ASA ruled that a local Crypto.com advertisement “failed to illustrate the risk of investing in non-fungible tokens”. It also found the ad did not make it clear that fees would apply.In response, Crypto.com disputed the ruling and said the…

Monero (XMR) has outperformed the crypto market so far this week following what appears to be an attempt to launder stolen Bitcoin (BTC) through the “OG” privacy coin. Early Monday morning, XMR skyrocketed from $232 to $331 in about eight hours. In a post on the social media platform X, top on-chain investigator ZachXBT told his 851,000 followers that the spike in XMR appeared to coincide with a “suspicious” transfer out of a Bitcoin wallet. ZachXBT says the BTC was immediately exchanged for Monero, sparking the rally for XMR. “Nine hours ago a suspicious transfer was made from a potential…