The first Blockchain firewall

Fuse and Check Point are tackling one of blockchain’s most significant challenges: the constant threat of hacks and cyberattacks that have cost crypto platforms over $2.2 billion in 2024 alone, eroding trust and slowing adoption. Traditional security methods, such as smart contract audits and post-incident monitoring, haven’t been enough to stop increasingly sophisticated threats targeting wallets, smart contracts, and decentralised apps. To solve this, they’re building the first real-time, AI-powered blockchain firewall—a proactive security layer that continuously monitors network activity, identifies malicious transactions, and blocks them before they can cause damage. By leveraging Check Point’s decades of threat intelligence and prevention technology, this solution aims to set a new industry standard, protecting the entire Fuse blockchain and paving the way for safer, more scalable Web3 payments and applications. ...

April 19, 2025 · 1 min · 138 words · bjr

the Cypherpunks mailing list

In the early 1990s, as the internet was beginning to shift from a government and academic experiment into a globally connected system, a quiet revolution was forming among a small but determined group of mathematicians, programmers, and digital activists. They saw what few others did: that the very architecture of this new digital realm could become either a tool of unprecedented freedom — or a mechanism for total surveillance and control. ...

April 18, 2025 · 4 min · 746 words · bjr

How North Korea Will Wash Crypto via Perpetual Futures

The latest twist exploits perpetual futures platforms with deep liquidity and lax KYC, effectively turning ill-gotten funds into legitimate-looking trading profits. This has gotten easier as the trading depths on perps exchanges has grown significantly over the last year. Let’s take a look at exactly how it’s done: High-Leverage Alchemy The core concept is to use extreme leverage on a no-questions-asked futures exchange to deliberately liquidate “dirty” funds, while profiting from an opposite position taken with clean money elsewhere. On these perps platforms, you have exposure to no expiry futures often offering 50x, 100x or higher leverage. At 50x leverage, a price move of just ~2% can wipe out a position entirely, along with the collateral margin supporting it. ...

March 26, 2025 · 2 min · 406 words · bjr

Microstrategy and Bitcoin

​In the article, Dave Wang examines MicroStrategy’s aggressive Bitcoin acquisition strategy, which has raised concerns among critics who liken it to a Ponzi scheme. Since August 2020, MicroStrategy has been accumulating Bitcoin, funding these purchases through new debt and equity, leading some to question the sustainability and legitimacy of this approach. Critics argue that MicroStrategy’s continuous Bitcoin accumulation, financed by issuing new shares and taking on debt, resembles characteristics of a Ponzi scheme, where returns for earlier investors are generated through the capital of newer investors. This strategy has sparked debates within the financial community, with some analysts expressing skepticism about the company’s long-term viability under this model ...

March 11, 2025 · 1 min · 182 words · bjr

Michael Saylor - House of Cards

MicroStrategy holds 499,096 Bitcoins, valued at approximately $43.7 billion, funded by $8.2 billion in debt. This strategy follows a cycle: issuing convertible notes at 0% interest, buying Bitcoin to drive its price up, selling new shares at a premium, and acquiring more Bitcoin. However, this approach depends on the continuous appreciation of Bitcoin to remain sustainable. MicroStrategy’s debt structure includes convertible notes maturing between 2027 and 2032, with clauses that could trigger early repayment in case of a “fundamental change.” If Bitcoin’s price drops significantly, the company’s assets could fall below its liabilities, potentially prompting shareholders to push for liquidation to protect their interests. ...

March 3, 2025 · 1 min · 121 words · bjr