Lifeboat Foundation

Researchers uncover new backdoor used by FIN8 to target financial institutions.

El Salvador began installing Bitcoin ATMs, allowing its citizens to convert the cryptocurrency into U.S. dollars and withdraw it in cash, as part of the government’s plan to make the token legal tender.

The government will install 200 of the teller machines to initially accompany its digital wallet called Chivo, a local slang term for ‘cool,’ President Nayib Bukele said on Twitter. Transactions will be commission free, he said, adding that there will also be 50 financial branches across the country for withdrawing or depositing money.

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These cloned camels were created with cells from a ‘zoo’ of frozen specimens. The cell bank could one day be used to help preserve endangered species.

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Michael is also part of a group of wealthy Indonesian scions that have in the past decade dabbled in the country’s vibrant tech sector by investing in home-grown giants and start-ups, be it in the form of money, resources, know-how, or access.

Industry stakeholders say family-owned corporate venture capital firms have played an important role in growing the country’s US$44 billion digital economy.

IBM has announced its new chip, Telum – a new CPU chip that will allow IBM clients to leverage deep learning inference at scale. The new chip features a centralised design, which allows clients to leverage the full power of the AI processor for AI-specific workloads, making it ideal for financial services workloads like fraud detection, loan processing, clearing and settlement of trades, anti-money laundering, and risk analysis.

A Telum-based system is planned for the first half of 2022. “Our goal is to continue improving AI hardware compute efficiency by 2.5 times every year for a decade, achieving 1,000 times better performance by 2029,” said IBM in a press release.

The chip contains eight processor cores, running with more than 5GHz clock frequency, optimised for the demands of enterprise-class workloads. The completely redesigned cache and chip-interconnection infrastructure provide 32MB cache per core. The chip also contains 22 billion transistors and 19 miles of wire on 17 metal layers.

Web infrastructure and website security company Cloudflare on Thursday disclosed that it mitigated the largest ever volumetric distributed denial of service (DDoS) attack recorded to date.

The attack, launched via a Mirai botnet, is said to have targeted an unnamed customer in the financial industry last month. “Within seconds, the botnet bombarded the Cloudflare edge with over 330 million attack requests,” the company noted, at one point reaching a record high of 17.2 million requests-per-second (rps), making it three times bigger than previously reported HTTP DDoS attacks.

Quartz is a guide to the new global economy for people in business who are excited by change. We cover business, economics, markets, finance, technology, science, design, and fashion.

Hackers have siphoned $611 million worth of cryptocurrencies from a blockchain-based financial network in what’s believed to be one of the largest heists targeting the digital asset industry, putting it ahead of breaches targeting exchanges Coincheck and Mt. Gox in recent years.

Poly Network, a China-based cross-chain decentralized finance (DeFi) platform for swapping tokens across multiple blockchains such as Bitcoin and Ethereum, on Tuesday disclosed unidentified actors had exploited a vulnerability in its system to plunder thousands of digital tokens such as Ether.

“The hacker exploited a vulnerability between contract calls,” Poly Network said.

And ArsTechnica seems to be totally missing the point as “delaying” Starship for SOUND AND PRACTICAL SAFETY AND ENVIRONMENTAL QUESTIONS is not ‘delaying’ progress and one needs to simply ask why SpaceX “engineers” can’t up their game enough to actually answer or address those legitimate questions? The answer is rather simple, they probably CAN but the person “in charge” has no with to, incentive to, or will to do so because he sees anyone that questions him as ‘unreasonable opposition’ rather than legitimate concern. Starship could crash and burn on the orbital flight and it would not make a difference at all to the ‘world’ in general. We can and have recovered from worse numerous times while advancing technology and transportation. The FACT that Musk, (and his many rapid fans) somehow “assume” that he and only he can ‘advance’ space access are very much proof that this is not about engineering, ability or purpose but strictly about ego.

To the FAA, Musk seemed to be saying, federal regulators must do their part to ensure the future arrives on schedule. Just as the 20th-century skyscrapers marked the beginning of a new era and eventually launched America into a prosperous future of finance, communication, marketing, and more, the 21st century now beckons.

The skyscraper age will soon give way to the space age.

Continue reading “With a single photo, SpaceX sent a not-so-subtle message to FAA regulators” »