GAO Report via YouTube: “Blockchain creates and records tamper-resistant transactions by multiple parties without a central authority, such as a bank, when used for financial transactions. Recent price crashes, bankruptcies, and fraud involving crypto assets, such as bitcoin and other cryptocurrencies, raised concerns about regulation and the risks consumers face. Regulatory gaps may limit regulators’… Continue Reading
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Category Archives: Cryptocurrency
Pete Recommends – Weekly highlights on cyber security issues, July 29, 2023
Via LLRX – Pete Recommends – Weekly highlights on cyber security issues, July 29, 2023 – Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on… Continue Reading
Is A Crypto Collapse Inevitable?
Via LLRX – Is A Crypto Collapse Inevitable? – Jerry Lawson and Elizabeth Southerland identify technical reasons why the crypto bubble is bursting, including the fact that theoretically unbreakable encryption schemes like those underpinning blockchain have proven to be less than impermeable in practice, as users of Coinbase discovered upon losing fortunes. Attackers go after the weakest… Continue Reading
Google Search starts rolling out ChatGPT-style generative AI results If you opt-in to generative AI
Google Blog, May 25, 2023 – “3 new ways generative AI can help you search. We’re starting to open up access to new generative AI capabilities in Search. Here are three ways to try it out. Today, we’re starting to open up access to Search Labs, a new program to access early experiments from Google.… Continue Reading
IOSCO Sets the Standard for Global Crypto Regulation
“IOSCO, the global standard setter for securities markets, has today issued for consultation detailed recommendations to jurisdictions across the globe as to how to regulate crypto-assets. In a major initiative designed to improve global standards of regulation of crypto-assets, IOSCO has set out how clients should be protected and how crypto trading should meet the… Continue Reading
2023 State of Crypto Report: Introducing the State of Crypto Index
a16zcrypto: “Emerging technologies evolve in cycles; in crypto, this includes periods of high activity, followed by so-called crypto winters. In the period marked by our now-annual State of Crypto report, it would be easy for a casual observer to overlook the rapid progress the crypto industry is making. Major infrastructure improvements like The Merge –… Continue Reading
GAO Report on SVB, NY Fed Report on SVB
Bank Regulation – GAO-23-106736 – Preliminary Review of Agency Actions Related to March 2023 Bank Failures – Report to the Committee on Financial Services, House of Representatives, April 2023. Released April 28, 2023: “Risky business strategies along with weak liquidity and risk management contributed to the recent failures of Silicon Valley Bank and Signature Bank.… Continue Reading
The Quick and the Dead: building up cyber resilience in the financial sector
“Introductory remarks by Fabio Panetta, Member of the Executive Board of the ECB, at the meeting of the Euro Cyber Resilience Board for pan-European Financial Infrastructures, Frankfurt am Main, 8 March 2023 – “The proliferation of cyber threat actors combined with an increase in remote working and greater digital interconnectedness is raising the risk, frequency… Continue Reading
Cryptocurrency and Taxes: What You Need to Know
PC Mag: “For the fourth year, federal tax forms ask you about Bitcoin and other cryptocurrency activities. The Yes or No question that’s been appearing at the top of Form 1040 has gotten even more specific for the 2022 tax year. It reads, “At any time during 2022, did you: (a) receive (as a reward,… Continue Reading
US says Google routinely destroyed evidence and lied about use of auto-delete
Ars Technica: “The US government asked a federal court to sanction Google for allegedly using an auto-delete function on chats to destroy evidence needed in an antitrust lawsuit while falsely telling the government that it suspended its auto-deletion practices. The US motion to sanction Google seeks a ruling that Google violated the rule against spoliation… Continue Reading
Pete Recommends – Weekly highlights on cyber security issues, February 26, 2023
Via LLRX – Pete Recommends – Weekly highlights on cyber security issues, February 26, 2023: Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly… Continue Reading
Blockchain – Innovation or Illusion?
Via Slashdot, EditorDavid: “Adam R. Smith, a software engineer with 40+ years of experience reportedly became frustrated with his friends and associates’ claims about the potential of crypto technology and their subsequent losses of money in various schemes, and set out to write a series of articles explaining what blockchain is and whether it lives… Continue Reading
