Lifeboat Foundation

Cryptocurrencies like Bitcoin have been billed as a major disruptor to finance. But digital currencies issued by governments might be even more radical—they may even threaten the future of traditional banking.

Read our special report, “The Future of Banking” : https://econ.st/3tuTT8y.

Continue reading “Could digital currencies put banks out of business? | The Economist” »

#Respect

While hosting the US TV show Saturday Night Live, Elon Musk publicly spoke for the first time about having Asperger’s. He also addressed his controversial tweets and plugged Dogecoin.

Dogecoin is being valued at $49.8 billion which means it is valued higher than automaker Ford ($45.2 billion) and Twitter ($44.1 billion).

Let the farming games begin.

Chinese motherboard manufacturer Onda (via ZOL) has launched the brand’s new Chia-D32H-D4 motherboard. The model name alone is enough to tell you that this motherboard is aimed at farming Chia cryptocurrency, which has already caused hard drive price spikes in Asia.

Designed for mining, rather than to compete with the best motherboards for gaming, the Chia-D32H-D4 is most likely a rebranded version of Onda’s existing B365 D32-D4 motherboard. It measures 530 × 310mm, so the Chia-D32H-D4 isn’t your typical motherboard. In fact, Onda has produced a special case with an included power supply for this specific model. The unspecified 800W power supply arrives with the 80Plus Gold certification, while the case features five cooling fans.

Cryptocurrency can help Africans access the global financial system, writes Akon, artist and founder of Akoin.

Attackers are exploiting the ProxyLogon Microsoft Exchange Server flaws to co-opt vulnerable machines to a cryptocurrency botnet named Prometei, according to new research.

“Prometei exploits the recently disclosed Microsoft Exchange vulnerabilities associated with the HAFNIUM attacks to penetrate the network for malware deployment, credential harvesting and more,” Boston-based cybersecurity firm Cybereason said in an analysis summarizing its findings.

First documented by Cisco Talos in July 2020, Prometei is a multi-modular botnet, with the actor behind the operation employing a wide range of specially-crafted tools and known exploits such as EternalBlue and BlueKeep to harvest credentials, laterally propagate across the network and “increase the amount of systems participating in its Monero-mining pool.”

DAYTONA BEACH, Fla. — An anonymous donor has made it easier for dogs at the Halifax Humane Society to find a forever home thanks to a cryptocurrency investment.

Halifax Humane Society Community Outreach Director Barry Kukes said the woman stopped by the shelter Saturday and paid all the adoption fees for dogs ready to be adopted out.

“Basically, had made a very wise investment in some cryptocurrency and had a windfall and said it changed her life that she wanted to do something nice,” he said.

Hackers have retooled an Xcode malware campaign to work with Apple’s new M1 chips and steal data from cryptocurrency apps.

Interesting initiative (US Smart Cities) that could be applied to space cities.

Jeffrey Berns, CEO of Nevada-based Blockchains LLC, envisions a city where people not only purchase goods and services with digital currency but also log their entire online footprint — financial statements, medical records and personal data — on blockchain. Blockchain is a digital ledger known mostly for recording cryptocurrency transactions but also has been adopted by some local governments for everything from documenting marriage licenses to facilitating elections.

The company wants to break ground by 2022 in rural Storey County, 12 miles (19 kilometers) east of Reno. It’s proposing to build 15000 homes and 33 million square feet (3 million square meters) of commercial and industrial space within 75 years. Berns, whose idea is the basis for draft legislation that some lawmakers saw behind closed doors last week, said traditional government doesn’t offer enough flexibility to create a community where people can invent new uses for this technology.

Continue reading “In Nevada desert, Blockchains LLC aims to be its own municipal government” »