Bitcoin exchange BitMEX leaked thousands of user emails, say reports – Decrypt

Bitcoin futures exchange BitMEX, known for offering 100x leverage trading, accidentally exposed thousands of user emails today by mistakenly using the wrong email tool. Instead of using blind carbon copy, it used carbon copy, for multiple emails sent to a large portion of its user base, each containing thousands of user emails, according to reports.

In a statement, BitMEX said, "We are aware that some of our users have received a general user update email earlier today, which contained the email addresses of other users."

"Our team have acted immediately to contain the issue and we are taking steps to understand the extent of the impact. Rest assured that we are doing everything we can to identify the root cause of the fault and we will be in touch with any users affected by the issue," it added.

We have reached out to BitMEX and will update this story if we hear back.

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It appears that the email list was divided into groups, with some users receiving one portion of user emails, and others receiving a different portion. As a result, some commentators argued that hackers will try to piece the portions together to get the complete database of leaked emails. The end result could be a swathe of phishing attempts, where hackers pretend to be real users by using their identity information.

Jake Chervinsky, general counsel at Compound Finance, tweeted, "[T]his kind of thing is a massive privacy breach with potentially serious consequences -- the last thing a derivatives exchange needs to deal with during a CFTC investigation."

Only a few months ago, Binance revealed that some of the know-your-customer documents it had stored with a third party had been stolen, and were being released publicly. It offered 300 bitcoins as a reward for information on the hacker. Binance has also witnessed two phishing attacks in its past.

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Bitcoin exchange BitMEX leaked thousands of user emails, say reports - Decrypt

Ben Shaoul uses Bitcoin to sell retail condo for $15M – The Real Deal

Magnum Real Estate Groups Ben Shaoul (Credit: Getty Images and iStock)

Ben Shaoul has sold an Upper East Side retail condo for $15.3 million in Bitcoin.

The landlord, whose firm Magnum Real Estate Group is converting 389 East 89th Street from rentals to condos, sold the 11,400-square-foot space earlier this month, The Real Deal has learned. The buyer is a Taiwanese entity called Affluent Silver International LLC, according to a person familiar with the deal.

389 East 89th Street (Credit: StreetEasy)

To complete the transaction the parties used Bitpay and Starr. Eric Hedvat, a broker with Jet Real Estate who represented Magnum, said it was a seamless process. Shaoul declined to comment.

Last year, Magnum went into contract with two other buyers in the building for residential condos using a Bitcoin transfer. One unit was a 624-square-foot studio with an asking price of $875,000, the other was a 989-square-foot one-bedroom with a $1.48 million price tag.

Shaoul previously said that he would accept Bitcoin payments at another residential development, at 62 Avenue B in Alphabet City. However, that was walked back when he sold the unfinished building to Bronx-based investor Martin Shapiro last year for $82 million.

Bitcoin and other digital currencies are not widely accepted by sellers in large part because they fluctuate wildly in value. In the last 12 months alone, one Bitcoin has ranged in value from just over $3,000 to more than $12,000.

But it is being used with increasing frequency in real estate transactions in New York. Last year, ManageGo, a Brooklyn-based rental management company, announced it would accept cryptocurrency for payment.

Sometimes digital money is being welcomed in even more expensive listings. At 10 East 76th Street on the Upper East Side, Corcoran is marketing the five-story mansion for $29 million, and the seller will accept payment in Bitcoin, Ethereum, or Ripple, according to its listing.

Another mansion available for Bitcoin, at 40 Riverside Drive, is being marketed by Sothebys for $13 million.

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How Bitcoin Can Solve The Dollar Depreciation Disaster – newsBTC

The signals are strengthening as the winds of economic change blow harder. A global economic slowdown has already begun as central banks scramble to prop up their economies by printing more money. The last financial crisis was caused by banks and it is highly likely theyll be responsible for the next one.

Just over a decade ago the world was plunged into the largest financial crisis since the 1920s. The US banking system single-handedly collapsed the world economy by over lending to cover derivatives trading. It took years to recover but it seems like the economic skies are darkening again.

Last week the US Federal Reserve reduced interest rates for the third time this year. The move is largely to encourage spending and borrowing while discouraging saving. For President Trump, however, this is not enough as he wants negative interest rates.

In another typical Trump tirade the POTUS blasted the FED again late last week stating that the central bank is a bigger economic threat than China, which is having its own banking problems.

The Fed has called it wrong from the beginning, too fast, too slow. They even tightened in the beginning. Others are running circles around them and laughing all the way to the bank. Dollar & Rates are hurting

Most economists are in agreement that Trumps war on trade with China has caused more damage to the US economy than high interest rates.

With the FED creating more money the dollar value deflates even further. Since 1913 the greenback has plummeted in value. According to research, back then a person with $100 could buy the same amount of food, clothing, and other necessities as $2,529 would buy today.

Former congressman and Bitcoin bull Ron Paul also took a swipe at the current banking system adding;

The dollars that you work hard for are always buying less and less, yet the government tells you theres not enough inflation. The Fed is a government-created monopoly that counterfeits dollars by the trillions, and youre supposed to believe that this is capitalism.

Bitcoin, with a predetermined supply, immunity from central bank meddling, and decentralization from any state or nation makes it the perfect solution for this problem. In theory Bitcoin would become the worlds currency giving the control back to the people, not the banks. A massively flawed banking system was the catalyst that spawned Bitcoin in the first place. As Satoshi Nakamoto wrote himself;

Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.

The banks of the world are starting to take measures to prevent another 2008, but the writing could already be on the wall. Bitcoin does solve this as it was designed to.

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How Bitcoin Can Solve The Dollar Depreciation Disaster - newsBTC

Anonymous Bitcoin Price Prediction Finally Poised to Fail – BeInCrypto

On January 21, 2019, an anonymous user made a series of future Bitcoin price predictions.

The user successfully called the December 2018 bottom. Also, the succeeding two predictions, which stated that the price will be $5300 and $9200 in April and July, respectively, were validated.

The third one, however, stated that the price will reach $16,000 in October. Since today is October 31, it is an interesting time to see if it is possible for this prediction to be validated.

Cryptocurrency trader @thecryptodog stated that a massive flow of cash will enter Bitcoin today, validating the prediction.

While the tweet seems sarcastic in nature, lets see if there is any chance, however slight, that it will be validated.

In order for the prediction to be validated, an increase of roughly 78 percent would be required.

During the past two years, the three dates with the highest daily rate of increase have been:

Even going further back, when the volume was significantly lower than what it is today and allowed for more volatile price movement, the highest daily rates of increase have been

While the 55 percent rate of increase in November 2017 comes close, all the other highest rates have been less than half of what is required to reach $16,000.

Considering that there are significant resistance areas above, and the movements are less volatile now than in 2013, it is probably safe to say that the prediction will be invalidated by tomorrow.

Disclaimer: This article is not trading advice and should not be construed as such. Always consult a trained financial professional before investing in cryptocurrencies, as the market is particularly volatile.

Images courtesy of Twitter, TradingView.

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Anonymous Bitcoin Price Prediction Finally Poised to Fail - BeInCrypto

Uber used Bitcoin to pay $100K hacker ransom in 2017, court docs confirm – The Next Web

Uber used Bitcoin to pay hackers who held sensitive data for ransom, court documents have confirmed.

As a result, two men pleaded guilty to charges ofcomputer hacking and extortion, bringing a lengthy legal saga that embroiled Uber and LinkedIn-owned training site Lynda.com in costly data breaches to a close.

To access the companies servers, the hackers gained access to customer information by using Amazon Web Services logins belonging to Uber and Lynda.com employees.

They then contacted both companies to extort them for hundreds of dollars worth of Bitcoin.

At the time, Uber agreed to pay $100,000 in the cryptocurrency. The payment was processed via the tech giants HackerOne bug bounty program, and Uber required the hackers to sign a confidentiality agreement preventing them from using the data and publicly disclosing the security breach.

Vasile Mereacre, from Canada, and Brandon Glover, from Florida, wereindicted last year after stealing information of 55,000 accounts from Lynda.com, which unlike Uber, refused to pay.

It was then revealed that both men were also the perpetrators of a 2016 Uber breach that compromised the data of 57 millions users.

Uber kept the security breach private for over a year, until November 2017, when its new leadership became aware of the cover-up and decided to go public.

As a result, the company received a hefty $148 million fine and had to agree to 20 years of privacy audits.

Uber also fired its chief security officer Joe Sullivan, who orchestrated the payments and failed to alert company users about the security breach.

Published November 1, 2019 15:04 UTC

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Uber used Bitcoin to pay $100K hacker ransom in 2017, court docs confirm - The Next Web

Cryptocurrency market update: Bitcoin, Ethereum and Ripple get ready the weekend action – FXStreet

Bitcoin has remained relatively unchanged from the time the price prediction was published. Besides, the entire market is lethargic and showing signs of longer consolidation periods. The few conspicuous cryptos in the green are Stellar (XLM) and Chainlink (LINK).

Bitcoin is struggling to hold above $9,100 (short-term week support). The buyers are looking forward to breaking above $9,200. However, the prevailing selling pressure coupled with the high volatility suggests thatBitcoin is likely to trend towards $9,000.

Meanwhile, Bitcoin is trading at $9,110 and battling the resistance at the 50 Simple Moving Average (SMA) on one-hour chart. The 100 SMA together with the descending trendline is in line to limit movement as well.

Ethereum, on the other hand, is working hard to stay above $180. Despite the high volatility levels, the price has only managed to touch highs of $183.28 and lows of $180.65. This shows that bulls are present and only hat they lack a catalyst or a technical breakout to push Ether to higher levels.

The one-hour chart shows support emanating from the ascending trendline. Like Bitcoin, Ethereum is in consolidation ahead of the weekend session.

Ripple is also stuck in a narrow range between $0.29 and $0.30. The upside is capped by the 50 SMA on the 2-hour chart. Moreover, rapid movements can be expected on either side as the Relative Strength Index (RSI) is moving horizontally beneath 50. The 61.8% Fib retracement level continues to offer support. The risk of approaching $0.25 support is quite high.

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Cryptocurrency market update: Bitcoin, Ethereum and Ripple get ready the weekend action - FXStreet

U.N. expert voices grave concerns about well-being of jailed WikiLeaks publisher Julian Assange – Washington Times

WikiLeaks founder Julian Assange could soon die behind bars unless the British government changes its ways, a human rights expert for the United Nations warned Friday.

Nils Melzer, the U.N. special rapporteur on torture, reiterated concerns about Mr. Assanges well-being as the publisher remains jailed in London pending a U.S. extradition request.

Unless the U.K. urgently changes course and alleviates his inhumane situation, Mr. Assanges continued exposure to arbitrariness and abuse may soon end up costing his life, Mr. Melzer said in a statement.

Mr. Assange, 48, spent roughly seven years living as a political refugee inside the Ecuadorian Embassy in London prior to being ejected in April and promptly arrested by British police. He has been jailed ever since at nearby Belmarsh Prison pending the results of extradition proceedings currently slated to start early next year, at which point he risks being sent to the U.S. to stand trial for criminal charges related to running his WikiLeaks website.

Mr. Melzer, an independent expert for the U.N. on torture and other cruel, inhuman or degrading treatment, previously reported after visiting Mr. Assange in May that he showed all the symptoms typical for prolonged exposure to psychological torture and urged British authorities to intervene.

However, what we have seen from the U.K. government is outright contempt for Mr. Assanges rights and integrity, Mr. Melzer said Friday. Despite the medical urgency of my appeal, and the seriousness of the alleged violations, the U.K. has not undertaken any measures of investigation, prevention and redress required under international law.

The blatant and sustained arbitrariness shown by both the judiciary and the government in this case suggests an alarming departure from the U.K.s commitment to human rights and the rule of law, he added.

A spokesperson for the British government disputed the experts findings when reached for comment.

We strongly disagree with any suggestion that Mr. Assange has experienced improper treatment in the U.K., a spokesperson for the British government told The Washington Times. The allegation Mr. Assange was subjected to torture is unfounded and wholly false. The U.K. is committed to upholding the rule of law, and ensuring that no one is ever above it.

Federal prosecutors in the U.S. have charged Mr. Assange, an Australian native, with violating federal law by soliciting and publishing classified military and diplomatic documents provided to WikiLeaks nearly a decade ago by Chelsea Manning, a former Army intelligence analyst. He faces a maximum sentence of 175 years imprisonment if extradited and convicted on all counts.

Mr. Assange has argued he acted as a journalist when he disseminated the documents, which revealed previously unreported information about U.S. activities overseas. The Department of Justice has argued otherwise and claims Mr. Assange put lives at risk by publishing classified documents that contained the names of confidential human sources.

Extradition proceedings for Mr. Assange are set to start in London in February 2020.

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U.N. expert voices grave concerns about well-being of jailed WikiLeaks publisher Julian Assange - Washington Times

First They Came for Max – Antiwar.com

Well, not really first. They had already come for Chelsea Manning; for Julian Assange; for John Kiriakou; for Jeffrey Sterling the list is longer still. Last Friday they came SWAT-Like for the founder and editor of thegrayzone.com, journalist Max Blumenthal, whom they arrested, cuffed, jailed, and shackled, and prevented immediate access to a lawyer. Corporate media played Tar Baby didnt say nothin about Max.

Meanwhile, former CIA Acting Director John McLaughlin WMD slam-dunker extraordinaire and devoted fan of Iraqi bio-weapons fabricator Curveball, told a captive audience, Thank God for the Deep State.

On RTs CrossTalk Ray joined Garland Nixon and Dan Kovalik for a no-holds-barred discussion of what happened to Max and why. Nov. 1, 2019; 37 minutes (including a commercial break from 12:15 to 14:45.) Also on Podcast.

Obama shied away from holding McLaughlin and his boss George Tenet accountable for fraudulent intelligence before Iraq, while Assistant Secretary of State for Intelligence Carl Ford said the two of them should be shot.

As for the former partners-in-crime and direct descendants of Tenet/McLaughlin Brennan et al. Obama chickened out there too. He could not even find the courage to rein them in from illegal activities to help Hillary, which are about to be revealed, in all their squalor, by Justice Department investigations unless Trump, too, chickens out.

Rays unkempt beard is meant as a sign of solidarity with good and admired friend, Julian.

Ray McGovern works with Tell the Word, a publishing arm of the ecumenical Church of the Saviour in inner-city Washington. His 27-year career as a CIA analyst includes serving as Chief of the Soviet Foreign Policy Branch and preparer/briefer of the Presidents Daily Brief. He is co-founder of Veteran Intelligence Professionals for Sanity (VIPS). This originally appeared at RayMcGovern.com.

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First They Came for Max - Antiwar.com

Decay Pre-Dated Trump | Letters to the Editor – The Chief-Leader

To the Editor:Donald Trumps unpredictable and deranged behavior has gotten worse, but one thing has not changed. The President has probably committed a number of impeachable offenses.

These include obstruction of justice, abuse of power, contempt of Congress, violation of the Emoluments Clause and campaign-finance laws. Trumps refusal to participate in the Houses impeachment inquiry may result in additional grounds for impeachment, such as failure to honor subpoenas and defiance of court orders.

When Speaker Pelosi finally announced an official, independent [impeachment] inquiry, it was narrowed to Trump pressuring President Zelensky of the Ukraine to investigate Joe Biden and his son Hunter. Any official impeachment inquiry, however, must investigate all impeachable offenses committed by the president.

The Speaker said, We are at a different level of lawlessness that is clear to the American people. Yet, contrary to the political establishment and the media, what must also be made clear to the American people is who we are as a nation and what we have done and still do: all these well beyond the impeachment of Trump.

The following are a few examples.

First, there is some evidence that two presidential candidates tried to enlist the help of a foreign country in order to influence an American election. Neither candidate was investigated by the government or held accountable.

In 1968, the Nixon campaign told the South Vietnamese government to reject any deals until after the election, since it would get better terms if Nixon became president. In 1980, members of the Reagan team told the Iranian government not to release the hostages until after the election. On the day of Reagans inauguration, the hostages were released.

Second, for decades under both Democratic and Republican administrations and Congresses, the United States intervened in the domestic affairs of other nations. This included the overthrow of democratically-elected governments in Iran (1954), Chile (1973), and the decision in 2010 by Secretary of State Clinton and the State Department not to challenge a coup by the military that overthrew the elected government of Honduras.

Three, both Republican and Democratic administrations have harshly treated whistleblowers who exposed abuses by the national-security state. After the former diplomat Joseph Wilson wrote an Op-ed piece in The New York Times exposing the Bush Administrations lies about Saddam Hussein reconstituting his nuclear program (Condoleeza Rices mushroom cloud was one reason given to justify the 2003 invasion of Iraq), he was attacked in the press by the Bush administration and his wife Valerie Plame was outed as a CIA agent.

Both the Bush and Obama administrations prosecuted whistleblowers under the Espionage Act and attacked the press when it reported their revelations about government abuses. Whistleblowers who exposed possible crimes committed by the CIA and the NSA were harassed, fired and, as in the cases of Thomas Drake and Chelsea Manning, jailed.

A striking example is the case of Edward Snowden. While working as a private contractor for the NSA, he learned about an electronic surveillance program called Xkeyscore. In his memoir, Personal Recollections, he wrote ...Whoever dialed a phone or touched a computer [including]320 million of my fellow American citizens were being surveilled

Snowden made a momentous decision to expose this abuse of power by giving classified documents to The Guardian. That newspaper and other publications such as The New York Times, after they determined it was in the public interest, decided to publish stories based on these documents. Forty years earlier, Daniel Ellsberg had done something similar when The Pentagon Papers, the secret study of the Vietnam War, was published by The New York Times and The Washington Post.

The Obama administration responded by charging Snowden under the Espionage Act and other laws, revoked his passport, prevented him from seeking asylum in Ecuador and forced him to be stranded in Russia. Both Democrats and Republicans in Congress denounced Snowden as a traitor. Hillary Clinton suggested he might be a Russian spy.

Montesquieu, the French Enlightenment philosopher wrote, The deterioration of every government begins with the decay of principles on which it was founded. That decay of principles didnt begin with Trump, and wont end with his impeachment. There must be far-reaching structural changes in the permanent war economy.

Structural changes must also occur in our economic and political system that has failed to seriously address growing inequality, an unfair tax system and irresponsible corporate power. This perverse system could not operate without the complicity of both the Republican Party and the Democratic Party.

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Quantum computers: why Google, NASA and others are putting their chips on these dream machines – World Economic Forum

In 1936, Alan Turing proposed the Turing machine, which became the foundational reference point for theories about computing and computers. Around the same time, Konrad Zuse invented the Z1 computer, considered to be the first electromagnetic binary computer.

What happened next is history, and in our world today, computers are everywhere. Our lives are dramatically different from how they were even at the end of the 20th century, and our mobile phones have far more powerful CPUs than desktop computers did only few years ago. The advent of the Internet of Things brings computer power into every minute detail of our lives. The world wide web has had such a transformative effect on society that many people can't even remember a life before they were online.

The major catalyst behind this transformation was the discovery of silicon, and its use in the production of good transistors. This occurred over a period of more than 100 years, dating from when Michael Faraday first recorded the semiconductor effect in 1833, via Morris Tanenbaum, who built the first silicon transistor at Bell Labs in 1954, to the first integrated circuit in 1960.

We are about to embark on a similar journey in our quest for building the next-generation computer. Quantum physics, which emerged in the early 20th century, is so powerful and yet so unlike anything known before that even the inventors had a hard time understanding it in detail.

In the early 1980s, Richard Feynman, Paul Benioff and Yuri Manin provided the groundwork for a completely new paradigm of quantum computing, introducing the idea that quantum computing had the potential to solve problems that classical computing could not. And so quantum computing came into its own.

Peter Shor published an algorithm in 1994 capable of efficiently solving problems in cryptography that are hard to solve for classical computers that is, the vast majority of computers used today. In fact, Shor's algorithm continues to threaten the fundaments of most encryption deployed across the globe.

The problem was that, in 1994, there was no quantum computer in sight. In 1997, the first tiny quantum computer was built, but the field really took off only when the Canadian startup D-Wave revealed its 28-qubit quantum computer in 2007.

Similar to the trajectory of non-quantum communication, which took more than 100 years from discovery to mass use, quantum computers are now maturing very quickly. Today, many players are engaged in a battle over who can build the first powerful quantum computer. These include commercial entities such as IonQ, Rigetti, IBM, Google, Alibaba, Microsoft and Intel, while virtually all major nation states are spending billions of dollars on quantum computing development and research.

Quantum computers are powerful yet so difficult to build that whoever can crack the code will have a lasting powerful advantage. This cannot be understated. Heres a striking example of the power of quantum computing.

Quantum leaps: growth over the years

Image: Statista

To break a widely used RSA 2048-bit encryption, a classical computer with one trillion operations per second would need around 300 trillion years. This is such a long time that we all feel very safe.

A quantum computer using Shor's algorithm could achieve the same feat in just 10 seconds, with a modest 1 million operations per second. That's the power of quantum computers: 300 trillion years versus 10 seconds.

Another reason why nation states pour so much money into the field is precisely because, with it being so difficult, any achievement will directly yield a lasting advantage.

So where are quantum computers today, and where are they headed?

Considering the immense challenges to building quantum computers, I'd say we are roughly where we were in around 1970 with classical computers. We have some quantum computers, but they are still pretty unreliable compared to today's standard. We call them NISQ devices - Noisy Intermediate-Scale Quantum devices. Noisy because they are pretty bad, and intermediate-scale because of their small qubit number. But they work. There are a few public quantum computers available for anyone to programme on. IBM, Rigetti, Google and IonQ all provide public access with open-source tools to real quantum computing hardware. IBM even sells a quantum computer that you can put in your own data centre (the IBM Q System One).

But these are not yet powerful enough to break RSA 2048-bit keys, and probably won't be for another 10 to 20 years.

The comparison date of 1970 works from another angle, too. In October 1969, researchers sent the first message over the internet (it was called ARPANET then). When they tried to send the one word "login", the system crashed after sending "l" and "o". It later recovered and the message was successfully sent.

Today, we are also building a quantum communication system that doesn't communicate bits and bytes, but quantum states that quantum computers can understand. This is important so that we can build up a quantum version of the internet.

D-Wave, NASA, Google and the Universities Space Research Association created the D-Wave 1,097-qubit quantum computer.

Image: Reuters/Stephen Lam

It is also important as a way of encrypting communication, since the quantum channel provides some inherent physical guarantees about a transmission. Without going into too much detail, there is a fundamental property whereby the simple act of wiretapping or listening into a communication will be made detectable to the parties communicating. Not because they have a fancy system setup, but because of fundamental properties of the quantum channel.

But quantum computers are not just useful for cryptography applications and communication. One of the most immediate applications is in machine-learning, where we are already today on the cusp of a quantum advantage meaning that the quantum algorithm will outperform any classical algorithm. It is believed that quantum advantage for machine-learning can be achieved within the next 6-12 months. The near-term applications for quantum computing are endless: cryptography, machine-learning, chemistry, optimization, communication and many more. And this is just the start, with research increasingly extending to other areas.

Google and NASA have just announced that they have achieved 'quantum supremacy'. That is the ability of quantum computers to perform certain tasks that a classical computer simply cannot do in a reasonable timeframe. Their quantum computer solved a problem in 200 seconds that would take the worlds fastest supercomputer 10,000 years.

The problem that was solved is without any practical merits or implications, yet it demonstrates the huge potential quantum computers have and the ability to unlock that potential in the coming years.

This opens up a completely new era where we can now focus on building quantum computers with practical benefits and while this will still be many years away, it will be the new frontier in computation.

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Written by

Andreas Baumhof, Vice President Quantum Technologies, QuintessenceLabs

The views expressed in this article are those of the author alone and not the World Economic Forum.

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