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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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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(Insider Story)

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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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Two vendors now sell iPhone cracking technology – and police are buying

Credit to Author: Lucas Mearian| Date: Fri, 13 Apr 2018 10:17:00 -0700

Law enforcement interest in iPhone encryption-cracking hardware from two new companies is a strong indication that Apple no longer claims the mobile security high ground.

“What this means, if it’s true, is that people who thought all of their communications were totally secure shouldn’t feel so confident going forward,” said Jack Gold, principal analyst with J. Gold Associates. “But, then security has always been a tug of war between the ones implementing it and the ones trying to break it.”

In February, reports surfaced that an Israel-based technology vendor, Cellebrite, had discovered a way to unlock encrypted iPhones running iOS 11 and were marketing the product to law enforcement and private forensics firms around the world. According to a police warrant obtained by Forbes, the U.S. Department of Homeland Security had been testing the technology.

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How blockchain could solve the internet privacy problem

Credit to Author: Lucas Mearian| Date: Mon, 09 Apr 2018 03:00:00 -0700

Fintech firms, software makers, telecom providers and other businesses have joined forces develop a blockchain-based network that will enable anyone to exchange digital credentials online and without the risk of unintentionally exposing any private data.

The companies are part of the Sovrin Foundation, a new nonprofit organization now developing the Sovrin Network, which could enable anyone to globally exchange pre-verified data with any entity also on the network.

The online credentials would be akin to identify information you or I might have in our physical wallets: a driver’s license, a bank debit card or a company ID.

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This is how blockchain might solve the internet privacy problem

Credit to Author: Lucas Mearian| Date: Mon, 09 Apr 2018 03:00:00 -0700

Fintech firms, software makers, telecom providers and other businesses have joined forces develop a blockchain-based network that will enable anyone to exchange digital credentials online and without the risk of unintentionally exposing any private data.

The companies are part of the Sovrin Foundation, a new nonprofit organization now developing the Sovrin Network, which could enable anyone to globally exchange pre-verified data with any entity also on the network.

The online credentials would be akin to identify information you or I might have in our physical wallets: a driver’s license, a bank debit card or a company ID.

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Facial recognition tech moves from smartphones to the boardroom

Credit to Author: Lucas Mearian| Date: Fri, 30 Mar 2018 03:03:00 -0700

Facial recognition technology, which has begun to gain traction on mobile devices like the iPhone X and various Android smartphones, could soon show up at work – and at the airport.

The technology uses a person’s face to authenticate their identity,  making it a potentially important security tool.

In 2015, Google launched its “Trusted Face” feature as part of its Android 5.0 Lollipop update. Trusted Face, part of Android’s Smart Lock technology, works in the same way as Apple’s Face ID, which replaced the Touch ID fingerprint reader on the iPhone X.

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Could these grain-sized computers using blockchain networks thwart counterfeiters?

Credit to Author: Lucas Mearian| Date: Tue, 20 Mar 2018 10:39:00 -0700

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