Blog

Archive for the ‘finance’ category: Page 11

Jul 2, 2018

The Biggest Digital Heist in History Isn’t Over Yet

Posted by in categories: business, cybercrime/malcode, finance

Since late 2013, this band of cybercriminals has penetrated the digital inner sanctums of more than 100 banks in 40 nations, including Germany, Russia, Ukraine, and the U.S., and stolen about $1.2 billion, according to Europol, the European Union’s law enforcement agency. The string of thefts, collectively dubbed Carbanak—a mashup of a hacking program and the word “bank”—is believed to be the biggest digital bank heist ever. In a series of exclusive interviews with Bloomberg Businessweek, law enforcement officials and computer-crime experts provided revelations about their three-year pursuit of the gang and the mechanics of a caper that’s become the stuff of legend in the digital underworld.


Carbanak’s suspected ringleader is under arrest, but $1.2 billion remains missing, and his malware attacks live on.

Read more

Jul 1, 2018

A Free Education for All the World’s People Will Save our Species

Posted by in categories: computing, education, ethics, finance, internet

In terms of moral, social, and philosophical uprightness, isn’t it striking to have the technology to provide a free education to all the world’s people (i.e. the Internet and cheap computers) and not do it? Isn’t it classist and backward to have the ability to teach the world yet still deny millions of people that opportunity due to location and finances? Isn’t that immoral? Isn’t it patently unjust? Should it not be a universal human goal to enable everyone to learn whatever they want, as much as they want, whenever they want, entirely for free if our technology permits it? These questions become particularly deep if we consider teaching, learning, and education to be sacred enterprises.


When we as a global community confront the truly difficult question of considering what is really worth devoting our limited time and resources to in an era marked by global catastrophe, I always find my mind returning to what the Internet hasn’t really been used for yet — and what was rumored from its inception that it should ultimately provide — an utterly and entirely free education for all the world’s people.

In regard to such a concept, Bill Gates said in 2010:

Continue reading “A Free Education for All the World’s People Will Save our Species” »

Jun 30, 2018

Faraday Future gets a $2 billion lifeline to build expensive crossover

Posted by in categories: finance, health, sustainability, transportation

Faraday Future, the fledgling Tesla competitor working to build a $300,000 electric SUV, has been thrown a financial lifeline.

Evergrande Health, a division of a large Hong Kong conglomerate, has committed to invest $2 billion to keep alive the all-electric luxury SUV project, according to a report in TechCrunch.

Faraday Future showed off its ultra-futuristic—and ultra expensive—FF91 electric SUV at the 2017 CES show, but has struggled to bring the car to market.

Continue reading “Faraday Future gets a $2 billion lifeline to build expensive crossover” »

Jun 30, 2018

Time Split to the Nanosecond Is Precisely What Wall Street Wants

Posted by in categories: computing, finance

Driven by the needs of the financial industry, researchers are working on ways to manage vast computer systems down to 100 billionths of a second.

Read more

Jun 29, 2018

Cafe X Debuts 2nd Gen Coffee Robot Kiosk in Downtown San Francisco

Posted by in categories: finance, robotics/AI

Cafe X, the robotic coffeeshop startup, debuted its second generation robot barista kiosk on the streets of downtown San Francisco today.

Unlike other dedicated storefront locations, this new version of the Cafe X robot is a standalone kiosk that sits literally on the sidewalk at the corner of Sansome and Bush in SF’s Financial District. In addition to the updated form factor, the new version of the robot can handle multiple drink sizes (8 oz and 12 oz), clear cups, and also does nitro-infused cold brew coffee.

Continue reading “Cafe X Debuts 2nd Gen Coffee Robot Kiosk in Downtown San Francisco” »

Jun 21, 2018

What will it take for Bitcoin to be widely adopted?

Posted by in categories: bitcoin, cryptocurrencies, economics, finance

Early adopters, speculators and Geeks are never sufficient to bring a new paradigm to market. Mass appeal and adoption of a mechanism that requires education and a change of behavior is never ‘fait accompli’—until it reaches a tipping point. Once at the tipping point, it can go viral without a structured PR campaign and with risks tied only to technology and scalability.

What about early adopters? Can they drive mass adoption?

Somewhat, but not much beyond market awareness. Generally, early adopters drive mass adoption only for evolutionary inventions. For example:

  • The automobile was an evolutionary change to transportation. Although it changed our behavior (maintenance procedures and frequency / distance of travel), it did not require an educational seminar to ride in a car. You either had access to a horse or a car.
  • Likewise, the audio CD and DVD improved media acquisition and enjoyment. But books and seminars were not needed to understand these inventions. Their purpose and use was very similar to the preceding technology: audio tape, records and video recorders.

But some inventions are different. Their use requires that users become acquainted with a technology or process that they didn’t realize they needed! [continue below image]…

Continue reading “What will it take for Bitcoin to be widely adopted?” »

Jun 15, 2018

Hong Kong Market Could Open Cash Flood Gates for U.S. Biotechs — Bioquark Inc.

Posted by in categories: aging, biotech/medical, business, economics, finance, health, innovation, life extension, neuroscience, science

Jun 12, 2018

Britain’s first ‘unhackable’ internet network may solve quantum computing threat

Posted by in categories: cybercrime/malcode, encryption, finance, internet, quantum physics

S cientists have created the UK’s first ever “unhackable” fibre network in anticipation of the dawn of quantum computers, a technology that could render current security systems completely useless and leave critical infrastructure, banking and healthcare networks open to hackers.

The network, constructed by researchers from BT, the University of York and the University of Cambridge over the past two years, is secured by the laws of quantum physics which dictate how light and matter behave at a fundamental level. Using this, it is able to block anyone attempting to crack into the fibre link.

This could be a game changer for the healthcare and financial sector, when it is feared existing encryption…

Continue reading “Britain’s first ‘unhackable’ internet network may solve quantum computing threat” »

Jun 11, 2018

Technical Analysis: Can it predict future asset value?

Posted by in categories: bitcoin, business, cryptocurrencies, economics, finance

I love clearing the air with a single dismissive answer to a seemingly complex question. Short, dismissive retorts are definitive, but arrogant. It reminds readers that I am sometimes a smart a*ss.

Is technical analysis a reasoned approach for
investors to predict future value of an asset?

In a word, the answer is “Hell No!”. (Actually, that’s two words. Feel free to drop the adjective). Although many technical analysts earnestly believe their craft, the approach has no value and does not hold up to a fundamental (aka: facts-based) approach.

One word arrogance comes with an obligation to substantiate—and, so, let’s begin with examples of each approach.

Continue reading “Technical Analysis: Can it predict future asset value?” »

Jun 6, 2018

Now that everything can be tokenized, banks are taking notice

Posted by in categories: bitcoin, economics, finance

From the figures above, the past year has highlighted how pretty much anything can be put on the blockchain as a way of raising capital. But as it provides access to greater liquidity to investors rather than a conventional equity investment, it’s also demonstrating how a tokenized world is steadily being seen as the norm.

As Krauwer states, though, for an actual token economy to emerge, buyers would need insight in what they buy. “Token owners would need to know how they can keep track of the underlying asset. In addition, they would need a way to store their tokens and trade them with others.”

Not only that, but sellers would benefit from such a platform that would capture their assets in a token and connect them with possible buyers. Additionally, providing some type of quality assurance on top of the tokens would help too.

Continue reading “Now that everything can be tokenized, banks are taking notice” »

Page 11 of 56First89101112131415Last