The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has identified roughly $5.2 billion worth of outgoing Bitcoin transactions likely tied to the top 10 most commonly reported ransomware variants.
FinCEN identified 177 CVC (convertible virtual currency) wallet addresses used for ransomware-related payments after analyzing 2,184 SARs (Suspicious Activity Reports) filed between January 1 2011, and June 30 2021, and reflecting $1.56 billion in suspicious activity.
Based on blockchain analysis of transactions tied to the 177 CVC wallets, FinCEN identified roughly $5.2 billion in outgoing BTC transactions potentially tied to ransomware payments.
How feasible is it to build a Jupiter brain, a computer the size of a planet? Just in the past few decades, the amount of computational power that’s available to humanity has increased dramatically. Your smartphone is millions of times more powerful than the NASA computers used to send astronauts to the moon on the Apollo 11 mission in 1969. Computers have become integral to our lives, becoming the backbone of our communications, finances, education, art, health care, military, and entertainment. In fact, it would be hard to find an area of our lives that computers didn’t affect.
Now imagine that one day we make a computer that’s the size of an entire planet. And we’re not talking Earth, but larger, a megastructure the size of a gas giant like Jupiter. What would be the implications for humans to operate a computer that size, with an absolutely enormous, virtually limitless, amount of computing power? How would our lives change? One certainly begins to conjure up the transformational effects of having so much oomph, from energy generation to space travel and colonization to a fundamental change in the lifespan and abilities of future humans.
Creating Smart Home Ecosystems — Enabling Health & Well-Being In Every Home — Viren Shah, VP & Chief Digital Officer, GE Appliances, Haier
Mr. Viren Shah is Vice President & Chief Digital Officer, at GE Appliances (GEA — https://www.geappliances.com/), the American home appliance manufacturer, now a majority owned subsidiary of the Chinese multinational home appliances company, Haier (https://www.haierappliances.com/).
Mr. Shah has been with GEA since October 2,018 in which time he was appointed to lead the business through a digital transformation with a focus on data/intelligence at the center of gravity.
Prior to becoming part of the Haier company, Mr. Shah was the CIO at Masco Cabinetry, and CIO Council Leader for their parent company, Masco Corporation, the international conglomerate manufacturer of products for the home improvement and new home construction markets.
Mr. Shah has more than 20 years of global experience in creating business value using technology with a strong focus on customers for Fortune 10 organizations, such as his decade at the Walmart organization. He has contributed as a senior leader towards the success of startups, turnarounds and global mergers and acquisitions.
“Move fast and break things” doesn’t exactly translate into Mandarin. Sign-up for Acorns! 👉 https://acorns.com/ee?s2=SV3 (upon registration, Acorns will deposit $5 in your account to help you get started with investing!)
A company in Nairobi wants to install bricks made from plastic trash across Kenya’s capital. Could they become a solution for a country where 90% of roads have never been paved? And are roads made from plastic really a good idea?
MORE WORLD WIDE WASTE VIDEOS: How Electric Car Batteries Are Recycled | World Wide Waste.
One of the Dirtiest Jobs In San Francisco Dealing With Food Waste | World Wide Waste.
Do Shampoo Bars Really Reduce Trash? | World Wide Waste.
Microsoft has confirmed that its financial services-focused industry cloud will be officially available on November 1 2021.
The news comes eight months after the company revealed it was launching three new industry clouds this year — for manufacturing, not-for-profits, and financial services. Today’s announcement means the financial-focused cloud is the first of the three to receive an official launch date, though Microsoft has previously introduced an industry cloud for health care and its retail-focused incarnation currently sits in public preview.
Stimulating STEM Innovation & Securing U.S. High-Tech Economy — Kimberly A. Reed, Fmr President and Chairman Export-Import Bank of the United States.
Kimberly A. Reed just finished up a 2-year term as President and Chairman of the Board of Directors of the Export-Import Bank of the United States (EXIM — https://www.exim.gov). She was the first woman to lead EXIM in the agency’s 87-year history, was the first recipient of EXIM’s highest honor, the Franklin D. Roosevelt Award, and was confirmed by the U.S. Senate in 2019 on a strong bi-partisan basis.
EXIM provides loans, guarantees, and export credit insurance for the export of U.S. goods and services from enterprises ranging from Fortune 100 companies to small businesses in a multitude of sectors including infrastructure, power, agriculture, transportation/aviation, health care, commodities, industrial, and technology.
Ms. Reed was recognized for successfully navigating Congress to re-open EXIM after four years of dormancy and transforming the mission and impact of the 515-person independent federal agency.
Ms. Reed also spearheaded EXIM’s historic, longest-ever Congressional re-authorization of seven years and a significant new mandate, the Program on China and Transformational Exports, which focuses on industries including biomedical sciences, biotechnology, wireless communication (5G), renewable energy, financial technologies, artificial intelligence, and the space industry.
With global corporate-venture-capital-backed (CVC) funding reaching $79 billion across 2,099 deals in the first half of 2,021 according to CB Insights, the chances are high that startups will find great opportunities with this growing investor set.
Entrepreneurs, however, are likely to discover that the investment process can be different for CVCs compared to private venture capital firms. While both types of investment firms tend to make decisions via an investment committee (IC), private VCs (inclusive of VCs with corporate backers that have an independent LPA structure) make up their ICs with firm partners and/or other venture-minded people.
But for CVCs investing off a corporate balance sheet, the IC can include corporate-minded people, such as the CEO or business unit leaders, who generally tend to be detached from the venture mindset and the requirements for operating in the VC world. As such, entrepreneurs will realize that a successful CVC investment decision tends to have different requirements compared to a private VC firm’s decision.
The volatile nature of space rocket engines means that many early prototypes end up embedded in dirt banks or decorating the tops of any trees that are unfortunate enough to neighbor testing sites. Unintended explosions are in fact so common that rocket scientists have come up with a euphemism for when it happens: rapid unscheduled disassembly, or RUD for short.
Every time a rocket engine blows up, the source of the failure needs to be found so that it can be fixed. A new and improved engine is then designed, manufactured, shipped to the test site and fired, and the cycle begins again — until the only disassembly taking place is of the slow, scheduled kind. Perfecting rocket engines in this way is one of the main sources of developmental delays in what is a rapidly expanding space industry.
Today, 3D printing technology, using heat-resistant metal alloys, is revolutionizing trial-and-error rocket development. Whole structures that would have previously required hundreds of distinct components can now be printed in a matter of days. This means you can expect to see many more rockets blowing into tiny pieces in the coming years, but the parts they’re actually made of are set to become larger and fewer as the private sector space race intensifies.
