US Fed Official Says 50% of Bitcoin Transactions Associated With Illegal
Member of the Board of Governors of the US Federal Reserve System Lael Brainard said that a quarter of Bitcoin users and half of the transactions with his participation are associated with criminal activity.
What the FTC’s Crackdown on Facebook Means for User Data | WSJ
It became known that, despite the tension that has enveloped the social network recently in connection with the information leak scandal, the Facebook team continued to share data..
Zuckerberg should be given credit — this time, an approximate circle of companies was chosen, which, apparently, have long «are friends» with Facebook. Especially for them, access to information such as phone numbers, relationships between users and other important data was opened..
Companies that have seized on the opportunity to grab a tidbit of data include global giants such as RBC Capital Markets and Nissan Motor. According to representatives of Facebook, access was opened in order to test the service and improve it..
The latest high-profile scandal related to Facebook was the disclosure of data leaks on the accounts of more than 14 million people. The information obtained was skillfully applied by the Cambridge Analytica team.
You can learn about why the security of information storage is the most important element in the work of social networks, as well as about the nuances of the shadow side of Facebook from our material.
Turkish Bank’s Blockchain Platform for Digital Gold Transfers Goes Live
Turkish bank Takasbank launched BiGA Digital Gold platform, which allows transfers of digital assets backed by physical gold.
Blockchain technology guarantees the safety of transactions within the system and compliance with established standards, and also confirms the presence of bullion in the vaults of the Istanbul Stock Exchange. The platform allows banks to issue, transfer and settle in digitized gold.
The digital assets used by themselves have no value, since they only confirm the transfer of the equivalent of one gram of gold.
In addition to Takasbank, which is the central clearing house and clearing house in the country, other financial organizations, both private and state-owned, are involved in the project..
Turkey’s approval of a plan to create a national blockchain infrastructure has stepped up the development of such projects. In addition, the new development plan includes the development of a digital lyre.
Under the program «Innovative cutting-edge concepts» NASA has allocated up to $ 0.5 million to develop each of 18 revolutionary technology projects that will contribute to the exploration and exploration of space.
At first glance, the funded ideas look like excerpts from the plots of fantasy stories..
One of the projects involves the creation of a research mission descending to the surface of Venus. However, this is not an ordinary rover as it consists of two robotic devices. While the lander is conducting research, the second floats in the atmosphere, collecting energy, and then descends and distantly transmits it to a ground colleague. Such a concept will create a permanent source of energy for planetary missions and ensure long-term equipment operation..
Another project envisages development of a new type of spacesuit that will increase dexterity astronauts. It will be made of self-healing protective material, equipped with a host of sensors and soft robotics technologies. It would also solve the problem of the suitability and size of the spacesuits..
Another interesting concept is based on the biology of spiders, which release cobwebs to catch the flow of wind. The project envisages the creation of tiny probes, weighing only 5 mg, which will work in large groups and can soar in the air of the studied planets. This will allow scientists to collect more data, as well as to better understand what the space bodies under study are made of and how..
Other projects include the creation of outposts on the moon, neutrino detectors, light sails and nuclear probes for deep space exploration..
Recently NASA also announced the successful completion of the tests helicopter, which in 2021 will start fly on the surface of Mars.
Ethereum network researchers have presented a new solution called sidechain based on snark technology, which will allow the platform to process up to 17 thousand transactions per second, bringing its performance closer to Visa.
The snark-based sidechain concept allows you to process ether and token transactions outside the platform’s main network, which significantly increases its throughput. This model is similar to Plasma’s second level solution. Sidechain suggests that special operators are involved in closing transaction channels and transferring data about them to the Ethereum blockchain. In fact, users will perform operations within a smart contract..
The sidechain also provides ways to combat unscrupulous operators by punishing and replacing them. If such a situation arises, the data is returned to its original form, so the fraudster will not be able to steal funds and hold them for a long time..
Earlier, Vitalik Buterin said that the implementation of Plasma and Sharding solutions will create a synergistic effect that allows processing up to 1 million transactions per second. A snark-based sidechain can provide an additional 3000% efficiency gain. However, this takes time, now neither the network itself nor the decentralized applications based on it are ready to work with millions of users..
Another unique solution was presented by an amateur engineer from Colorado Springs, who created an electromagnetic combat rifle in his garage, which the US Army was already interested in and ordered the production of a prototype.
What is BASEL Norms ? BASEL committee on banking supervision | bank for international settlements |
The Basel Committee on Banking Supervision (BCBS), which develops international banking standards, issued a statement in which it expressed its concern about the growing impact of cryptoassets on the global financial system and the future negative impact of these changes..
The Wi-Fi Alliance has developed a new security protocol called WPA3, which will strengthen the security of the connection and enable communication with smart gadgets without a screen. About it informs online edition «Actual news».
According to the developers, the new standard takes into account all the modern realities of the digital world, and the device will provide users with a secure work even with a weak password. Added WPA-SAE algorithm, which improves connection security when third-party attempts to select the desired code sequence. Companies can use 192-bit encryption to securely transfer financial or other sensitive information. Additionally, it is possible to connect smart gadgets without a screen using the Easy Connect function.
The process of transitioning to the new protocol will be gradual, and it will become mandatory only after sufficient dissemination. The existing standard has been in effect for 14 years and is outdated. Major manufacturers such as Philips, HP, Broadcom, Qualcomm and Huawei have announced protocol support.
Recall that the first blockchain state without territory began to issue passports.
A new research report from the German bank Bayerische Landesbank compares the value of gold and bitcoin, and predicts a significant increase in the MTC exchange rate in 2020..
According to document, the effect of the upcoming halving was not taken into account in the current price of the coin, which is now at $ 8,300. The Bank of Munich explains this with an example of the history of gold..
Financiers point out that the precious metal has developed its high stock-to-flow ratio for millennia. Predicting that Bitcoin is likely to get a similar ratio in May next year after cutting miners’ rewards in half.
Manuel Andersch, Senior Currency Analyst at Bayerische Landesbank, calls this figure «rigidity of the asset». Since during the period when gold was used as money, this ratio provided the best transfer of value over time..
The report concludes by examining the potential for Bitcoin’s price and predicting a sharp jump. The author points out that based on the model of the ratio of reserves to flow, from May 2020 a dizzying price of $ 90 thousand has been formed.., insofar as upcoming halving hardly considered in the current course.
While this rate remains a forecast based on extrapolation, most investors hesitate build your portfolio on base of cryptocurrencies, and this summer still preferred gold over bitcoin.
text: Ivan Malichenko, photo: welt, graphic: BayernLB Research