Archive for the ‘cryptocurrencies’ category

Mar 14, 2024

Navigating AI’s Eco Impact

Posted by in categories: blockchains, business, cryptocurrencies, robotics/AI, transportation

The advent of AI has ushered in transformative advancements across countless industries. Yet for all its benefits, this technology also has a downside. One of the major challenges AI brings is the amount of energy required to power the GPUs that train large-scale AI models. Computing hardware needs significant maintenance and upkeep, as well as uninterruptible power supplies and cooling fans.

One study found that training some popular AI models can produce about 626,000 pounds of carbon dioxide, the rough equivalent of 300 cross-country flights in the U.S. A single data center can require enough electricity to power 50,000 homes. If this energy comes from fossil fuels, that can mean a huge carbon footprint. Already the carbon footprint of the cloud as a whole has surpassed that of the airline industry.

As the founder of an AI-driven company in the blockchain and cryptocurrency industry, I am acutely aware of the environmental impact of our business. Here are a few ways we are trying to reduce that effect.

Mar 11, 2024

Bitcoin Blasts Up to Highest Price Ever

Posted by in categories: bitcoin, cryptocurrencies

Bitcoin has crushed its highest price ever, blasting past $72,000 for the first time in its history today.

The news comes after UK regulators announced they wouldn’t stand in the way of the creation of crypto-backed, exchange-traded notes (cETNs), CNBC reports. ETNs are a type of unsecured debt securities that trade on major exchanges, kind of like a stock.

The value of the mainstream cryptocurrency has risen considerably since the beginning of the year, spurred on by its growing acceptance by regulators around the globe and the fading shadow of the FTX collapse.

Mar 5, 2024

Artificial intelligence will use cryptocurrency to transform human society

Posted by in categories: cryptocurrencies, economics, robotics/AI

and this means humans will use brain computer interface to transact, but where will the AGI’s economy take shape, and how will you take part?

AI Marketplace:
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Feb 28, 2024

Bitcoin’s so high, it crashed Coinbase today

Posted by in categories: bitcoin, cryptocurrencies

Bitcoin’s rally is turning out to be bad news for Coinbase, the crypto trading app that has just confirmed some of its customers are seeing a zero balance across their Coinbase accounts. “Your assets are safe,” the firm assured the app’s users via a Status page on its website, adding that its team is investigating the issue and will provide an update shortly. [Update: The company has since said the issues are improving but the app is seeing “heightened traffic.”]

The app’s crash today has to do with the recent demand for Bitcoin, the popular cryptocurrency that recently surged to $60,000 — close to its all-time high last seen in 2021. The price of Bitcoin climbed in the wake of U.S. bitcoin spot ETFs, driving a 42% price rally this month. According to Reuters, this was the largest monthly gain the digital asset had seen since December 2020. As of the time of writing, Bitcoin was up above $61,448, or a 7.66% increase today.

The sharp rise has fueled renewed interest in apps like Coinbase, which allows users to buy, sell, and hold crypto products in a digital wallet. This rapid increase in demand, including from more casual crypto investors, have seemingly contributed to the app’s current issues, as Coinbase says the app is experiencing issues from high traffic.

Feb 13, 2024

XTURISMO — The World’s First Hoverbike Takes First Flight In The U.S.

Posted by in categories: business, cryptocurrencies, finance, transportation

1 year ago.

#HoverBike #XTURISMO #FirstHoverBike #US #Detroit The hoverbike was tried and tested by none other than the Co-Chairman of the Detroit Motor Show himself. His reaction after the flight… just like that of a 15-year-old child fulfilling a dream. The hoverbike is already on sale in the country. Watch this report to know more. ———————– About the channel Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others. Follow us at: Website: Facebook: / businesstoday twitter: / business_today Instagram: / business_today.

Jan 25, 2024

Chemists use blockchain to simulate more than 4 billion chemical reactions essential to origins of life

Posted by in categories: blockchains, chemistry, cryptocurrencies, finance, mathematics, supercomputing

Cryptocurrency is usually “mined” through the blockchain by asking a computer to perform a complicated mathematical problem in exchange for tokens of cryptocurrency. But in research appearing in the journal Chem a team of chemists has repurposed this process, asking computers to instead generate the largest network ever created of chemical reactions which may have given rise to prebiotic molecules on early Earth.

This work indicates that at least some primitive forms of metabolism might have emerged without the involvement of enzymes, and it shows the potential to use blockchain to solve problems outside the financial sector that would otherwise require the use of expensive, hard to access supercomputers.

“At this point we can say we exhaustively looked for every possible combination of chemical reactivity that scientists believe to had been operative on primitive Earth,” says senior author Bartosz A. Grzybowski of the Korea Institute for Basic Science and the Polish Academy of Sciences.

Jan 18, 2024

New Docker Malware Steals CPU for Crypto & Drives Fake Website Traffic

Posted by in categories: cryptocurrencies, cybercrime/malcode

A new attack targets Docker servers and uses a combo of cryptocurrency mining and website traffic generation for profit. It could leave a backdoor for attackers to exploit later. Patch your systems and monitor for suspicious activity:

Jan 11, 2024

Artificial Intelligence Electricity Use Is In The Crosshairs

Posted by in categories: biotech/medical, cryptocurrencies, robotics/AI, supercomputing

Artificial intelligence has progressed from sci-fi fantasy to mainstream reality. AI now powers online tools from search engines to voice assistants and it is used in everything from medical imaging analysis to autonomous vehicles. But the advance of AI will soon collide with another pressing issue: energy consumption.

Much like cryptocurrencies today, AI risks becoming a target for criticism and regulation based on its high electricity appetite. Partisans are forming into camps, with AI optimists extolling continued progress through more compute power, while pessimists are beginning to portray AI power usage as wasteful and even dangerous. Attacks echo those leveled at crypto mining in recent years. Undoubtedly, there will be further efforts to choke off AI innovation by cutting its energy supply.

The pessimists raise some valid points. Developing ever-more capable AI does require vast computing resources. For example, the amount of compute used to train OpenAI’s ChatGPT-3 reportedly equaled 800 petaflops of processing power—on par with the 20 most powerful supercomputers in the world combined. Similarly, ChatGPT receives somewhere on the order of hundreds of millions of queries each day. Estimates suggest that the electricity required to respond to all these queries might be around 1 GWh daily, enough to power the daily energy consumption of about 33,000 U.S. households. Demand is expected to further increase in the future.

Dec 27, 2023

Warning: Poorly Secured Linux SSH Servers Under Attack for Cryptocurrency Mining

Posted by in categories: cryptocurrencies, cybercrime/malcode

Poorly secured Linux SSH servers are being targeted by bad actors to install port scanners and dictionary attack tools with the goal of targeting other vulnerable servers and co-opting them into a network to carry out cryptocurrency mining and distributed denial-of-service (DDoS) attacks.

“Threat actors can also choose to install only scanners and sell the breached IP and account credentials on the dark web,” the AhnLab Security Emergency Response Center (ASEC) said in a report on Tuesday.

In these attacks, adversaries try to guess a server’s SSH credentials by running through a list of commonly used combinations of usernames and passwords, a technique called dictionary attack.

Dec 27, 2023

Crypto drainer steals $59 million from 63k people in Twitter ad push

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

Google and Twitter ads are promoting sites containing a cryptocurrency drainer named ‘MS Drainer’ that has already stolen $59 million from 63,210 victims over the past nine months.

According to blockchain threat analysts at ScamSniffer, they discovered over ten thousand phishing websites using the drainer from March 2023 to today, with spikes in the activity observed in May, June, and November.

A drainer is a malicious smart contract or, in this case, a complete phishing suite designed to drain funds from a user’s cryptocurrency wallet without their consent.

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