The first thing you need to know about blockchain is that it enables the creation of virtual currencies & intelligent contracts The first thing you need to know about blockchain is that it enables the creation of virtual currencies and intelligent contracts. At its core is the concept of a “distributed ledger,” where data on transactions is recorded across a range of specified databases.
Category: Economics News
SunEdison to Sell Stakes in TerraForm Yieldcos to Brookfield
SunEdison Inc. took a major step forward in its bankruptcy reorganization, agreeing to relinquish control of its two yieldco units to Canada’s biggest alternative asset manager and clearing up some of the litigation brought by the affiliates. Brookfield Asset Management Inc. agreed to increase its stake in TerraForm Power Inc. to 51 percent, acquiring the additional shares at $11.46 each, according to a statement on Tuesday.
Ransomware ‘customer support’ chat reveals criminals’ ruthlessness
Ransomware criminals chatting up victims, offering to delay deadlines, showing how to obtain Bitcoin, dispensing the kind of customer support that consumers lust for from their cable and mobile plan providers, PC and software makers? Finnish security vendor F-Secure yesterday released 34 pages of transcripts from the group chat used by the crafters of the Spora ransomware family . The back-and-forth not only put a spotlight on the gang’s customer support chops, but, said a company security advisor, illustrated the intertwining of Bitcoin and extortion malware.
Ransomware ‘customer support’ chat reveals criminals’ ruthlessness
Ransomware criminals chatting up victims, offering to delay deadlines, showing how to obtain Bitcoin, dispensing the kind of customer support that consumers lust for from their cable and mobile plan providers, PC and software makers? Finnish security vendor F-Secure yesterday released 34 pages of transcripts from the group chat used by the crafters of the Spora ransomware family . The back-and-forth not only put a spotlight on the gang’s customer support chops, but, said a company security advisor, illustrated the intertwining of Bitcoin and extortion malware.
Crytpocurrency bitcoin reaches all-time high
Crytpocurrency bitcoin reaches all-time high Bitcoin were worth $1,163.59 for the first time on Thursday. Check out this story on USATODAY.com: http://usat.ly/2mcA0Fc SAN FRANCISCO – What’s backed by no government, created by a mysterious, unknown inventor and reached an all-time high Thursday? If you said the cryptocurrency bitcoin, you’re clearly in the know.
Hackers take down Bingham County computer systems
Bingham County officials first realized something was amiss when, at 4 a.m. Wednesday, the county’s emergency dispatch employees suddenly were unable to access computer files. The ransomware attack by unknown hackers slowly infected all 28 of the county’s main computer servers.
Spooked by spike in cyber extortion, businesses are stockpiling bitcoin for payoffs
Cybersecurity experts demonstrate their products at this year’s RSA cybersecurity conference in San Francisco. The annual conference is a major expo for digital security firms.
Heard the term Blockchain? Before it changes your life, here’s what you need to know
Blockchain is one of those hard-to-understand concepts, mainly because it is based on fairly complex technology involving cryptography, encryption and networking. However understanding its application is key to realising how profound a disruption this could cause on the way we transact and make payments in future.
People’s Bank of China warns Bitcoin exchanges against margin trading and money laundering
China’s central bank has warned Bitcoin exchanges against margin trading and money laundering, in a further step to tighten regulation over the digital currency. An inspection team from the People’s Bank of China met and gave verbal warnings to company officials of nine Beijing-based Bitcoin trading platforms yesterday afternoon, according to a PBoC statement today.
Investor Ideas Adds to #AI Artificial Intelligence Websites on the…
February 6, 2017 Investorideas.com, a global news source and investor resource covering actively traded sectors announces it has expanded distribution for the Investor Ideas Newswire with the recent addition of AI Investor Ideas http://www.aiinvestorideas.com , featuring news on artificial intelligence, robotics and technology. Investor Ideas was one of the founding members and beta testers for the Grid https://thegrid.io/ AI web developer.
Online Ransom Demands Threaten Businesses in Arkansas
Ted Clouser is the executive vice president of PC Assistance Inc. of Little Rock.
Schrute Bucks, Stanley Nickels And Bitcoins
There is a great episode of the American version of The Office in which Dwight Schrute, Assistant to the Regional Manager at Dunder Mifflin’s Scranton branch, creates an incentive program focused around “Schrute bucks”. An exchange with grumpy salesman Stanley Hudson follows: Dwight: Don’t you want to earn Schrute bucks? Stanley: No.
US can learn from India’s demonetization move: Silicon Valley expert
The US can learn many lessons from India’s move towards a cashless economy, a top Silicon Valley expert has said while underlining that India “may have leapfrogged” American technology industry with simple and practical innovations. It has built a digital infrastructure that will soon process billions more transactions than bitcoin ever has,” top Silicon Valley expert on digital economy Vivek Wadhwa wrote in an op-ed in The Washington Post.
The Limited Files for Bankruptcy, But May Live On – Online
After closing its stores nationwide and contending with rumors of bankruptcy, The Limited has officially filed for Chapter 11 bankruptcy protection. But the iconic mall brand may not be dead yet: WWD reports that private equity firm Sycamore Partners has put a nearly $25.8 million bid on The Limited’s intellectual property, meaning the name itself could live on online.
A dummy’s guide to Bitcoin
It is just $140 from the all-time high reached three years ago. Prices on Indian Bitcoin exchanges are around an all-time high of Rs 72,000 per unit, a 4-5 per cent premium to cost.
Valley College hacking presents lessons for many
Extortion is an old crime with a fresh new look thanks to international cyber-criminals. They’ve made a billion-dollar enterprise out of kidnapping valuable data by encrypting it, and then demanding a ransom in exchange for a digital key that restores the computer files to normal.
Techdirt speaks out about $15 million lawsuit filed by man who claims to have invented email
Today, technology site Techdirt has opened up regarding the $15 million lawsuit filed against them last Wednesday in Boston . The lawsuit was filed by Dr. Shiva Ayyadurai, and alleges that Techdirt committed libel in their reporting of him and his claims.
Gildan wins American Apparel auction with $88 million bid: Reuters
Canadian apparel maker Gildan Activewear Inc has won a bankruptcy auction for U.S. fashion retailer American Apparel LLC after raising its offer to around $88 million, a person familiar with the matter said Monday. Gildan’s takeover marks the end of an era for the iconic Los Angeles-based company, which was founded in 1998 by an eccentric Canadian university drop-out and grew to become a part of U.S. popular culture thanks to its racy advertising.
Shopping on the road? Amazon’s Alexa will ride along in Ford vehicles
I would recommend that you have one description which you use on your own site and offer e-retailers an alternate description. E-commerce sales by region, sales by product category, holiday data, online spending by shopper and as percentage of household income, and more.
Who Owns Blockchain? Goldman, BofA Amass Patents for Coming Wars
In the headlong rush to revolutionize modern finance, blockchain enthusiasts are overlooking one potentially costly problem: their applications, built on open-source code, may actually belong to someone else. Recently, some of the biggest names in business, from Goldman Sachs to Bank of America and Mastercard, have quietly patented some of the most promising blockchain technologies for themselves.