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Archive for the ‘finance’ category: Page 4

Oct 11, 2024

The FBI secretly created a coin to investigate crypto pump-and-dump schemes

Posted by in categories: cryptocurrencies, finance

“What the FBI uncovered in this case is essentially a new twist to old-school financial crime,” Jodi Cohen, the special agent in charge of the FBI’s Boston division, said in a statement. “What we uncovered has resulted in charges against the leadership of four cryptocurrency companies, and four crypto ‘market makers’ and their employees who are accused of spearheading a sophisticated trading scheme that allegedly bilked honest investors out of millions of dollars.”

Liu Zhou, a “market maker” working with MyTrade MM, allegedly told promoters of NexFundAI that MyTrade MM was better than its competitors because they “control the pump and dump” allowing them to “do inside trading easily.”

An FBI spokesperson told CoinDesk that there was limited trading activity on the coin but didn’t share additional information. On a Wednesday press call, Joshua Levy, the acting US attorney for the District of Massachusetts, said trading on the token was disabled, according to CoinDesk.

Oct 8, 2024

The Next Breakthrough In Artificial Intelligence: How Quantum AI Will Reshape Our World

Posted by in categories: finance, quantum physics, robotics/AI

Quantum AI, the fusion of quantum computing and artificial intelligence, is poised to revolutionize industries from finance to healthcare.

Oct 8, 2024

Scientists Are Closer Than Ever To Reverse Aging. How Does It Work? | Life Extended

Posted by in categories: biotech/medical, business, finance, food, life extension

Billionaires are backing top scientists racing to develop tech that could reverse aging. Cellular reprogramming promises to rejuvenate the body… but how does it work, and is it safe?

00:00 – Introduction.
00:55 – The Role Of Stem Cells.
02:33 – What Is Aging?
03:24 – What Is Cellular Reprogramming?
03:56 – How The Yamanaka Factors Can Rejuvenate Cells.
05:35 – Why Scientists Want To Partially Reprogram Cells.
06:28 – How Humans Could Become More Resilient To Age-Related Diseases.
07:00 – How Johnny Huard Uses Cellular Reprogramming.
08:10 – How Cellular Reprogramming Could Shape The Future.
08:38 – Amazon’s Jeff Bezos Is Investing Billions With Altos Labs.
09:02 – How Harvard Professor David Sinclair Used Cellular Reprogramming on Mice.
10:07 – ChatGPT’s Sam Altman Launched Retro. Biosciences.
10:57 – The Risks of Cellular Reprogramming, Including Cancer.
12:56 – How the Tech World Is Investing In Biotech.
13:50 – Credits.

Continue reading “Scientists Are Closer Than Ever To Reverse Aging. How Does It Work? | Life Extended” »

Oct 8, 2024

Vulnerable APIs and Bot Attacks Costing Businesses Up to $186 Billion Annually

Posted by in categories: business, cybercrime/malcode, economics, finance, robotics/AI

Organizations are losing between $94 — $186 billion annually to vulnerable or insecure APIs (Application Programming Interfaces) and automated abuse by bots. That’s according to The Economic Impact of API and Bot Attacks report from Imperva, a Thales company. The report highlights that these security threats account for up to 11.8% of global cyber events and losses, emphasizing the escalating risks they pose to businesses worldwide.

Drawing on a comprehensive study conducted by the Marsh McLennan Cyber Risk Intelligence Center, the report analyzes over 161,000 unique cybersecurity incidents. The findings demonstrate a concerning trend: the threats posed by vulnerable or insecure APIs and automated abuse by bots are increasingly interconnected and prevalent. Imperva warns that failing to address security risks associated with these threats could lead to substantial financial and reputational damage.

Oct 3, 2024

New project to preserve 1.5-million-year-old human footprint fossil in Kenya

Posted by in category: finance

In collaboration with the National Museums of Kenya and with financial contributions from the British Council Cultural Protection Fund, ICCROM is engaged in a community-centred project focused on the long-term preservation of fossil footprints that date back to approximately 1.5 million years ago. The fossil was found in Ileret, a village on the northeastern shore of Lake Turkana, Kenya.

Sep 30, 2024

The Race to Harness Quantum Computing’s Mind-Bending Power

Posted by in categories: business, climatology, computing, finance, quantum physics, sustainability

https://www.youtube.com/watch?si\u003doKkiYzJ96H2hY9en\u0026v\u003d1_gJp2uAjO0\u0026feature\u003dyoutu.be

Quantum computers have the ability to harness the mysterious effects of quantum physics, making them a game changer for science. Professor Hannah Fry explains how they work on The Future with Hannah Fry.


With the promise of unimaginable computing power, a global race for quantum supremacy is raging. Who will be first to harness this new technological force, and what will they do with it?

Continue reading “The Race to Harness Quantum Computing’s Mind-Bending Power” »

Sep 27, 2024

Security protocol leverages quantum mechanics to shield data from attackers during cloud-based computation

Posted by in categories: finance, health, quantum physics, robotics/AI, security

Deep-learning models are being used in many fields, from health care diagnostics to financial forecasting. However, these models are so computationally intensive that they require the use of powerful cloud-based servers.

Sep 23, 2024

Hacktivist Group Twelve Targets Russian Entities with Destructive Cyber Attacks

Posted by in categories: cybercrime/malcode, finance

Twelve hacktivist group targets Russian entities with destructive cyber attacks, using public tools for maximum damage without financial gain.

Sep 23, 2024

Global infostealer malware operation targets crypto users, gamers

Posted by in categories: cryptocurrencies, cybercrime/malcode, finance

A massive infostealer malware operation encompassing thirty campaigns targeting a broad spectrum of demographics and system platforms has been uncovered, attributed to a cybercriminal group named “Marko Polo.”

The threat actors use a variety of distribution channels, including malvertising, spearphishing, and brand impersonation in online gaming, cryptocurrency, and software, to spread 50 malware payloads, including AMOS, Stealc, and Rhadamanthys.

According to Recorded Future’s Insikt Group, which has been tracking the Marko Polo operation, the malware campaign has impacted thousands, with potential financial losses in the millions.

Sep 22, 2024

Can AI Scaling Continue Through 2030?

Posted by in categories: finance, robotics/AI

Our final estimate of the achievable inter data center bandwidth by 2030 is 4 to 20 Pbps, which would allow for training runs of 3e29 to 2e31 FLOP. In light of this, bandwidth is unlikely to be a major constraint for a distributed training run compared to achieving the necessary power supply in the first place.

Expanding bandwidth capacity for distributed training networks presents a relatively straightforward engineering challenge, achievable through the deployment of additional fiber pairs between data centers. In the context of AI training runs potentially costing hundreds of billions of dollars, the financial investment required for such bandwidth expansion appears comparatively modest.44

We conclude that training runs in 2030 supported by a local power supply could likely involve 1 to 5 GW and reach 1e28 to 3e29 FLOP by 2030. Meanwhile, geographically distributed training runs could amass a supply of 2 to 45 GW and achieve 4 to 20 Pbps connections between data center pairs, allowing for training runs of 2e28 to 2e30 FLOP.45 All in all, it seems likely that training runs between 2e28 to 2e30 FLOP will be possible by 2030.46 The assumptions behind these estimates can be found in Figure 3 below.

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