Lifeboat Foundation

Microsoft security engineers detailed today a new malware strain that has been infecting Windows computers since October 2018 to hijack their resources to mine cryptocurrency and generate revenue for the attackers.

Named Dexphot, this malware reached its peak in mid-June this year, when its botnet reached almost 80,000 infected computers.

Since then, the number of daily infections has been slowly going down, as Microsoft claims it deployed countermeasures to improve detections and stop attacks.

Continue reading “Microsoft says new Dexphot malware infected more than 80,000 computers” »

China’s cryptocurrency and blockchain appreciation continue as Xinhua, another state-run media organization publishes a full article about bitcoin. Some commentators opine that the flurry of positive digital currency sentiments in the country is part of Beijing’s efforts to normalize the industry before introducing the proposed digital RMB.

Despite these positive signs, trading and initial coin offerings (ICOs) remain banned. However, there appears to be a movement towards nationalizing the Chinese crypto space. Such a move might prompt a response from state actors in the West to adopt more crypto-friendly policies or risk losing out to China in the race for control of the emerging digital landscape.

Stadelmann said that Komodo is similar to Ethereum but it is 100% independent, free and open-sourced platform.

“As the world is getting digitised, it is all based on binary digits. Binary digits can have either 1 (on) or 0 (off). We don’t speak of bits anymore but quantum qubits or quantum bits, which can be in both 1 and 0 states at the same time. This qubit can attain so many states at the same time and they are also able to process calculations at a much faster rate than classical computers,” he said.

As a blockchain platform, Stadelmann said that Komodo is trying to solve the problem and has implemented quantum-safe cryptographic solutions for the past couple of years which will not be able to crack cryptographic signatures.

Continue reading “Komodo to lead blockchain revolution with quantum-safe cryptography” »

David Pearce — The Anatomy of Happiness

“While researching epilepsy, neuroscientist Itzhak Fried stumbled on a ‘mirth’ center in the brain — given this, what ought we be doing to combat extreme suffering and promote wellbeing?”

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We face complexity, ambiguity, and uncertainty about the future consequences of cryptocurrency use. There are doubts about the positive and negative impacts of the use of cryptocurrencies in the financial systems. In order to address better and deeper the contradictions and the consequences of the use of cryptocurrencies and also informing the key stakeholders about known and unknown emerging issues in new payment systems, we apply two helpful futures studies tools known as the “Future Wheel”, to identify the key factors, and “System Dynamics Conceptual Mapping”, to understand the relationships among such factors. Two key scenarios will be addressed. In on them, systemic feedback loops might be identified such as a) terrorism, the Achilles’ heel of the cryptocurrencies, b) hackers, the barrier against development, and c) information technology security professionals, a gap in the future job market. Also, in the other scenario, systemic feedback loops might be identified such as a) acceleration of technological entrepreneurship enabled by new payment systems, b) decentralization of financial ecosystem with some friction against it, c) blockchain and shift of banking business model, d) easy international payments triggering structural reforms, and e) the decline of the US and the end of dollar dominance in the global economy. In addition to the feedback loops, we can also identify chained links of consequences that impact productivity and economic growth on the one hand, and shift of energy sources and consumption on the other hand.

Watch the full length presentation at Victor V. Motti YouTube Channel

Today, it was announced that the SingularityNET and TODA ecosystems will be joining forces to create scalable platforms and a product accelerator for decentralized AI.

The partnership brings blockchain AI pioneer SingularityNET and its enterprise-AI spinoff Singularity Studio together with TODA.Network and TODAQ from the TODA Protocol family.

Technical teams from both ecosystems are experimenting with bringing the two technologies together on the operational level, by building a “Singularity-on-TODA” system in which SingularityNET AI agents can optionally utilize the TODA protocol rather than Ethereum for their interactions.

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The cryptocurrency Bitcoin is limited by its astronomical electricity consumption and outsized carbon footprint. A nearly zero-energy alternative sounds too good to be true, but as School of Computer and Communication Sciences (IC) Professor Rachid Guerraoui explains, it all comes down to our understanding of what makes transactions secure.

To explain why the system developed in his Distributed Computing Lab (DCL) represents a paradigm shift in how we think about cryptocurrencies—and about digital trust in general—Professor Rachid Guerraoui uses a legal metaphor: all players in this new system are “innocent until proven guilty.”

Continue reading “Researchers invent low-cost alternative to Bitcoin” »

Other companies are even closer than Google, and it’s about more than just cracking cryptocurrency. Mike has the details in this breaking report…