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How Blockchain Will Restore Digital Trust In 2018 And Beyond; Cryptocurrencies stage big comeback af

In today's news: Blockchain should be the answer to preventing cybercrime. Cryptocurrencies make a comeback after South Korea's statement to ban trading. Has fintech failed at taking on the banking industry? Could blockchain help Georgians gain control of their land registry system? Machine Learning is powerful even in the wrong hands. And Silicon Valley claims cloud costs have "dropped dramatically" but have they really?

How Blockchain Will Restore Digital Trust In 2018 And Beyond

Can my technology be trusted? Has my digital security been compromised? From attacks on IoT devices to massive consumer data breaches, we’ve asked ourselves these unsettling questions far too many times throughout 2017. Statistics paint a terrifying picture: cybercrime damage costs are predicted to hit $6 trillion annually by 2021 according to Cyber Security Ventures. Within the healthcare ecosystem alone, the Department of Health and Human Services reports that more than 2.5 million individuals' personal...

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Category: Blockchain Security

Image & article ref: forbes.com

Cryptocurrencies stage big comeback after trading ban fears wane; bitcoin surges 7 percent from low

The world may not be ending for digital currencies after all. South Korea's Justice Minister Park Sang-ki said on Thursday that a bill is being prepared to ban all cryptocurrency trading on the country's exchanges, which drove digital currency prices sharply lower. The price of bitcoin tumbled more than 12 percent from its day's high following Park's remarks, according to Coinbase data. The cryptocurrency then rallied more than 7 percent off its low after Reuters reported South Korea's presidential office said the ban plan...

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Category: Crypto Market

Image & article ref: cnbc.com

Fintech, a Failure?

Back in 2010, amid declarations that “software is eating the world,” it seemed like the combined waves of mobile devices and cloud computing would change everything. As tech wrecked havoc upon transportation, hotels, and numerous other industries, Silicon Valley started salivating over its next target. It spied a crown jewel, a slow-moving, half-trillion dollar behemoth of an industry: banking. The prize looked ripe and juicy, a thoroughly old-school industry with high fixed costs and collectively reviled by...

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Category: Fintech

Image & article ref: medium.com

What could blockchain do for politics?

Georgians know what it’s like to have their land stolen from them. The small nation in the Caucasus, with a population of just under 4 million, gained independence from the Soviet Union in 1991. But in 2008, under the pretext of supporting separatist movements, Russia invaded from the north, seizing control of several Georgian territories — South Ossetia and Abkhazia. Russia still occupies both, and in July Russian troops annexed yet more Georgian land in what Georgian president Giorgi Margvelashvili called “creeping occupation.”

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Category: Blockchain

Image & article ref: medium.com

Seven Ways Cybercriminals Can Use Machine Learning

Ben Gurion, the main international airport in Israel, is one of the most protected airports in the world. It is known for its multilayered security. On the way from the office to the airport, you get caught in the lens of airport cameras. The road curves several kilometers to the terminal, and when you are driving, the security system has enough time to analyze your identity. In case of any signs of danger, you will be intercepted. The system of behavior anomalies analysis in computer systems works the same way.

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Category: Machine Learning

Image & article ref: forbes.com

Cloud costs aren’t actually dropping dramatically

I’ve noticed a lot of buzz in the Silicon Valley about cloud costs “dropping dramatically.” Entrepreneurs, VCs, and the media write about this trend, claiming that it’s enabled a new wave of startups in fields like artificial intelligence and large scale data processing. Many editorials allege that new tech and increased competition has brought down cloud costs dramatically over the last few years — fueling new, valuable companies. An example from Nathan Benaich, a VP at Point Nine Capital: It’s my belief that artificial intelligence is...

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Category: Cloud Computing Costs

Image & article ref: hackernoon.com

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