Ring of Steel II

New York City gets set to replicate London's high-security zone

4 min read

The district known as the City of London is two-and-a-half-square kilometers of winding thoroughfares and dark alleyways where ancient churches nestle in the shadow of glass-clad skyscrapers. The City, as it is known to Londoners, is Europe’s financial heart, home to more U.S. banks than New York City and more Japanese banks than Tokyo. For the British government, it is valuable real estate—this small area alone generates 4 percent of the gross national product of the United Kingdom.

That’s why the area is protected by one of the most sophisticated security systems on the planet. The so-called ring of steel, inaugurated in 1998, is a network of cameras that provides comprehensive video coverage of a large part of the City. Every vehicle entering the area is photographed, its license plate checked against a national police database, and an image of its driver stored for posterity. ”The ring of steel has had a dramatic effect on crime in this environment,” says Andrew Mellor, a superintendent in the antiterrorism department of the City of London’s police force and the person responsible for managing the system.

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The Spectacular Collapse of CryptoKitties, the First Big Blockchain Game

A cautionary tale of NFTs, Ethereum, and cryptocurrency security

8 min read
Vertical
Mountains and cresting waves made of cartoon cats and large green coins.
Frank Stockton
Pink

On 4 September 2018, someone known only as Rabono bought an angry cartoon cat named Dragon for 600 ether—an amount of Ethereum cryptocurrency worth about US $170,000 at the time, or $745,000 at the cryptocurrency’s value in July 2022.

It was by far the highest transaction yet for a nonfungible token (NFT), the then-new concept of a unique digital asset. And it was a headline-grabbing opportunity for CryptoKitties, the world’s first blockchain gaming hit. But the sky-high transaction obscured a more difficult truth: CryptoKitties was dying, and it had been for some time.

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