Economist Nouriel Roubini: Blockchain and bitcoin are the world’s biggest scams

Credit to Author: Lucas Mearian| Date: Mon, 15 Oct 2018 13:52:00 -0700

New York University professor and global economist Nouriel Roubini testified before the U.S. Senate Committee on Banking last week, saying cryptocurrencies such as bitcoin are the mother of all scams and bubbles.

He followed that assertion up by calling blockchain, the technology unpinning bitcoin, “the most over-hyped — and least useful — technology in human history.”

Today, Roubini doubled down on his claims in a column published on CNBC.com in which he said blockchain has promised to cure the world’s ills through decentralization but is “just a ruse to separate retail investors from their hard-earned real money.”

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A week in security (October 1 – 7)

Credit to Author: Malwarebytes Labs| Date: Mon, 08 Oct 2018 16:31:56 +0000

A roundup of the security news from October 1–7 including National Cybersecurity Awareness Month, LoJack, fileless malware, and BYOS.

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W. Va. to use blockchain-based mobile app for mid-term voting

Credit to Author: Lucas Mearian| Date: Tue, 18 Sep 2018 03:12:00 -0700

West Virginia this fall will let members of the military and their families deployed overseas to vote by smartphone or tablet using a blockchain-based app developed by a Salt Lake City start-up, Voatz.

The voters using the app would otherwise have to submit paper absentee ballots via mail or vote over a land line telephone.

The move means the state will become the first in the U.S. to use blockchain in a voting system in a general election.

After being elected in January 2017, West Virginia Secretary of State Mac Warner  tasked IT staff to investigate mobile voting options for 8,000 West Virginian military members overseas. Warner, a retired U.S. Army officer with four children who are also all current or former Army officers, cited his own inability to vote when deployed in Afghanistan as one reason for his efforts.

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China once again cracks down on cryptocurrencies, news outlets

Credit to Author: Lucas Mearian| Date: Thu, 23 Aug 2018 10:06:00 -0700

In an ongoing campaign to tamp down the growth of once-flourishing cryptocurrencies it sees as a threat, the Chinese government has ordered more than a half dozen online news outlets to shut down and banned physical venues from hosting crypto-related events.

On Tuesday, eight blockchain and cryptocurrency-focused media outlets were banned on WeChat, China’s most influential instant communication and mobile payment app, for allegedly violating new government regulations forbidding the publishing of information related to initial coin offerings (ICOs) or cryptocurrency trading speculation.

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IBM, Maersk launch blockchain-based shipping platform with 94 early adopters

Credit to Author: Lucas Mearian| Date: Fri, 17 Aug 2018 08:51:00 -0700

After launching a proof of concept earlier this year, IBM and Maersk have unveiled TradeLens, the production version of an electronic ledger for tracking global shipments; the companies say they have 94 participants piloting the system, including more than 20 port and terminal operators.

The jointly developed electronic shipping ledger records details of cargo shipments as they leave their origin, arrive in ports, are shipped overseas and eventually received.

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What financial service providers should know about blockchain: Opportunities and threats

Credit to Author: Trend Micro| Date: Wed, 25 Jul 2018 15:30:51 +0000

It seems that every few years, an advanced and innovative new technology emerges and becomes the next big thing for organizations across different industries. Take the cloud and big data, for example – during their buzzword stage, these concepts were being attached to just about everything in the tech space. Currently, it appears that blockchain…

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Mingis on Tech: The blockchain evolution moves from services…to smartphones?

Credit to Author: Ken Mingis| Date: Wed, 18 Jul 2018 11:30:00 -0700

If 2017 was the year many tech firms suddenly looked around and realized they needed to be part of the blockchain craze, this is the year companies in a variety of industries have begun actively experimenting with the distributed ledger technology.

Helping to make that possible – especially for firms with no experience in building out blockchain systems themselves – are IT vendors like IBM, Microsoft, HPE and Amazon Web Services. They now offer blockchain-as-a-service.

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Here come the first blockchain smartphones: What you need to know

Credit to Author: Lucas Mearian| Date: Fri, 13 Jul 2018 03:12:00 -0700

After months of speculation, Taiwanese electronics company Huawei Technologies Ltd. (HTC) has confirmed it will be releasing a blockchain-enabled smartphone this year that will allow users to securely store cryptocurrency offline and act as a compute node in a blockchain network.

“We want to double and triple the number of nodes of Ethereum and Bitcoin,” HTC said in its marketing material for the device. The new smartphone is expected to be able to work with multiple blockchain protocols allowing for interoperability between them.

In addition, the HTC Exodus blockchain-enabled smartphone will allow owners to play CryptoKitties, a decentralized app (Dapp) game. Dapps are applications that run across multiple nodes on peer-to-peer (P2P) networks.

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