Lifeboat Foundation

Interesting initiative (US Smart Cities) that could be applied to space cities.

Jeffrey Berns, CEO of Nevada-based Blockchains LLC, envisions a city where people not only purchase goods and services with digital currency but also log their entire online footprint — financial statements, medical records and personal data — on blockchain. Blockchain is a digital ledger known mostly for recording cryptocurrency transactions but also has been adopted by some local governments for everything from documenting marriage licenses to facilitating elections.

The company wants to break ground by 2022 in rural Storey County, 12 miles (19 kilometers) east of Reno. It’s proposing to build 15000 homes and 33 million square feet (3 million square meters) of commercial and industrial space within 75 years. Berns, whose idea is the basis for draft legislation that some lawmakers saw behind closed doors last week, said traditional government doesn’t offer enough flexibility to create a community where people can invent new uses for this technology.

Continue reading “In Nevada desert, Blockchains LLC aims to be its own municipal government” »

Cybersecurity specialists report that a hacker is selling real-time access to a single-use password system, allowing cybercriminals to access Facebook, Twitter, Google, Amazon, Microsoft, Signal, Telegram accounts, among many others without having to obtain multi-factor authentication codes.

This report should be taken seriously, as a related attack could engage billions of users. In turn, cybersecurity experts point out that this is the consequence of using servers that handle OTP requests from online service users.

The first reports on this hacker were published by researcher Rajshekhar Rajaharia, who mentions that the hacker offers 50 GB of data extracted from multiple sources and webshell access to the OTP generating platform. The seller asks for about $5000 USD in cryptocurrency, although Rajaharia notes that initially the hacker planned to sell this information for about $18000 USD.

The launch of the first prototype of the new form of Russia’s national currency, the digital ruble, could be just several months away, the head of the State Duma Committee on the Financial Market, Anatoly Aksakov, has told RT.

“The digital ruble is currently the highest form of money,” the official said in an interview to RT. He said that the central bank is set to publish the roadmap for development of the digital currency soon and its prototype should be ready by autumn.

“The tests of this form of money may start at the end of 2021 or at the beginning of 2022,” he went on, adding that the digital currency may be used for domestic transactions in two to three years.

US payments firm Visa announced Monday that it will enable the use of USD Coin to settle payment transactions on its platform.

Visa piloted the payment option via payment platform Crypto.com, and plans to allow more partners the same route later this year.

“Crypto-native fintechs want partners who understand their business and the complexities of digital currency form factors,” Jack Forestell, Visa’s executive vice president and chief product officer, said in a statement.

Bitcoin as payment hasn’t taken off in the decade-plus existence of the digital currency.

The cryptomining protections have been bypassed using Nvidia’s own drivers.

Nvidia’s latest beta drivers unlock RTX 3060 Ethereum cryptocurrency mining. This is likely a mistake from Nvidia, as the company was trying to nerf mining performance with the RTX 3060.

The proposed bill would ban trading, mining, and even holding cryptocurrencies.

A team of researchers has created software to detect illegal mining of cryptocurrency on computers.

Advocates contend central bank digital currencies can make cross-border transactions easier, promote financial inclusion and provide payment system stability. There are also privacy and surveillance risks with government-issued digital currencies. And in times of economic uncertainty, people may be more likely to pull their funds from commercial banks, accelerating a bank run.

Intense interest in cryptocurrencies and the Covid-19 pandemic have sparked debate among central banks on whether they should issue digital currencies of their own.

China has been in the lead in developing its own digital currency. It’s been working on the initiative since 2014. Chinese central bank officials have already conducted massive trials in major cities including Shenzhen, Chengdu and Hangzhou.

Continue reading “Central banks around the world want to get into digital currencies—here’s why” »