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FBI chief says phone encryption is a ‘major public safety issue’

Wray urged the private sector to work with the government in finding “a way forward quickly,” insisting that the FBI isn’t interested in peeking into ordinary citizens’ devices. The bureau just wants access to the ones owned by suspects. That pretty much echoes Comey’s position during his time — if you’ll recall the FBI asked tech titans to create a backdoor into their software and phones in order to give authorities a way to open them during investigations. Apple chief Tim Cook said the request had “chilling” and “dangerous” implications, warning that companies wouldn’t be able to control how that backdoor is used.

Wray told the audience at the event that authorities face an increasing number of cases that rely on electronic evidence. He doesn’t buy companies claims that it’s impossible to find a way for encryption to be more law enforcement-friendly, so to speak. Not that the FBI can’t do anything if it absolutely has to: when Apple refused to cooperate with authorities to unlock the San Bernardino shooter’s iPhone, the agency paid a third party almost a million to get the job done.

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South Korea’s major cryptocurrency exchanges … – reuters.com

SEOUL (Reuters) – With a tech-savvy population quick to adopt the latest gadgets and a young generation facing dim prospects in the conventional workplace, South Korea has been a fertile ground for virtual currencies.

But the countrys swift embrace of bitcoin and other cryptocurrencies has been met with an equally swift backlash by regulators, who have gone so far as to propose outright bans on trading.

With markets around the world watching, South Korea has become a fault line between a generation that sees cryptocurrencies as a way to a better life, and government officials who have likened the market to gambling and warned that it encourages illicit behavior.

On Thursday the justice minister, Park Sang-ki, sent global bitcoin prices temporarily plummeting and virtual coin markets into turmoil when he said regulators were preparing legislation to halt cryptocurrency trading.

As of Friday, a petition on the website of the presidential Blue House had drawn more than 120,000 signatures opposing the move. Heavy internet traffic briefly crashed the site.

The online uprising against the governments plans puts President Moon Jae-in a tough spot, and his office was quick to say a ban is just one proposal under consideration.

The latest idea to ban it all seems to have come out of a fear that when the bubble bursts and things go wrong, it will be all on the government, said Yun Chang-hyun, an economics professor at University of Seoul.

With the youth unemployment rate three times the national average and a growing income gap between rich and poor, many young Koreans worry about their economic prospects.

Tax it as much as you want but dont shut it down. My life depends on it, one petitioner wrote on the Blue House website.

Lee Min-kyung, a 25-year old student in a Seoul-based graduate school said she earned about 18 million won (16,973.93), double her initial investment in bitcoin. She said the government is showing haphazard responses simply because officials have no idea.

They say the purpose of the regulation is to curb speculative moves, but it makes me just think the government simply doesnt understand what the market is, Lee said.

More than 30 percent of 941 office workers surveyed in December by Saramin, a South Korea-based job portal, said they traded cryptocurrencies. The respondents had an average of 5.7 million won ($5,357.14) invested in virtual currencies, and a majority of them said they began trading because they saw it as the fastest way to earn money.

That trend has earned critics on the street as well as in government offices.

Koh Young-sam, a 56-year old mechanic in Seoul, warned that the craze would collapse.

Young people shouldnt be lured into this kind of scam. There is always something fishy about things that grow this fast, Koh said.

South Korea is not alone in struggling to figure out how to tax and regulate online currencies, many of which are designed to provide anonymity for transactions.

In September last year, China cracked down on cryptocurrency trading, citing what officials saw as broader risks to the countrys economy.

As South Korea accounts for about 15 percent of global bitcoin trading, according to the website Coinhills.com, how regulators approach the issue will likely have international effects.

The local price of bitcoin in South Korea bounced back on Friday to 19.3 million won ($17,481.20) from as low as 17.5 million won ($16,445.82) according to Bithumb, the nations second-largest cryptocurrency exchange. On the Luxembourg-based Bitstamp, bitcoin stood at $13,709 after touching $12,800 the prior day.

Park Chong-hoon, an economist at Standard Chartered Bank in Seoul, said, South Koreans find it hard to deal with the jealousy from watching their neighbours getting rich fast.

It is a sentiment echoed by many. Scepticism of get-rich-quick schemes among South Korean officials has colored past forays by international finance into the country.

In the mid-2000s the U.S. private equity fund Lone Star faced raids of its offices and a years-long legal battle with the South Korean government after the foreign fund made millions of dollars buying and selling a controlling stake in a major South Korean bank.

That controversy, which raised concerns over South Korean money flowing to foreign entities, is probably among several factors making South Korea officials wary of managing the new breed of markets originated abroad, analysts said.

In a practical sense, the South Korean government needs to factor in some political aspects if a growing number of people lose huge sums of money on bitcoin because of the governments failed attempts to rein in the frenzy, people will blame the government, Lee Dong-gwi, a psychology professor at Yonsei University. Simply put, the South Korean government could be afraid of the political hassles of being held accountable.

Additional reporting by Dahee Kim; Writing by Josh Smith; Editing by Gerry Doyle

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Cryptocurrency – IC Markets

Unlike other asset classes (FX, Equities, Commodities, etc.), the Cryptocurrency market is dominated by retail speculators. With Cryptocurrencies, youll trade in a market where there is no central bank intervention, interbank dealers controlling order flow or giant pension funds moving prices.

Price movements on Cryptocurrencies like Bitcoin or Ethereum are driven primarily by news and prevailing sentiment, i.e. the fear and greed of retail speculators. These sometimes dramatic shifts can lead to massive intraday price swings, making Cryptocurrency an exciting product for aggressive and experienced day traders.

The IC Markets Cryptocurrency CFD product allows traders to go long or short without actually holding the Cryptocurrency. This means traders can get exposure to the price of the Cryptocurrency without worrying about the security risks associated with storing it and the counterparty risk from the exchange. This is similar to trading Energy Futures such as oil rather than owning physical oil to speculate on its price.

The following Cryptocurrencies are available totrade with IC Markets

The first and largest cryptocurrency, Bitcoin paved the ways for hundreds of similar currencies and boasts a market cap of over $100 billion.

The world’s second-largest cryptocurrency, it is labelled by many as “the next Bitcoin”. Ethereum has received international recognition and support from giant organisations such as Microsoft, JP Morgan, and Intel.

Designed by a former Google engineer to improve upon Bitcoin’s technology, Litecoin offers quicker processing times and a larger number of tokens. It is also the first cryptocurrency to implement SegWit, a method of speeding up transaction times without compromising the underlying blockchain technology.

Dash’s focus is on instant transactions and owner privacy. Dash has an infrastructure that enables much faster transactions than other Cryptocurrencies and therefore displays higher liquidity than many of its counterparts.

Bitcoin Cash resulted from a hard fork of the Bitcoin blockchain. It increased block size from 1 megabyte to 8 megabytes without incorporating SegWit.

IC Markets Trading Hours Pageprovides further information regarding the Trade timings of our Crypto currencies.

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Bitcoin-crazy South Korea may face a ban on cryptocurrency …

The South Korean government is preparing a bill to ban trading in all cryptocurrencies including bitcoin, Justice Minister Park Sang-ki said Thursday.

“There are great concerns regarding virtual money,” Park told reporters in Seoul. “The government has repeatedly warned about the fact that it is a very dangerous transaction but the message has not properly been delivered,” he said.

Park didn’t give details on when the bill would be introduced in parliament. But his comments prompted bitcoin to fall sharply. The digital currency, which is known for its volatility, dropped around 14% before recovering slightly in early afternoon trading in Asia.

Related: South Korea is going bitcoin crazy

Ethereum, another cryptocurrency hugely popular in South Korea, also fell 14%.

A frenzy of cryptocurrency trading swept South Korea last year, helping propel huge gains in bitcoin and other virtual coins. The country has accounted for as much as a fifth of global bitcoin trade on some days in recent months.

But the country’s government has been moving toward greater regulation of digital currencies in recent weeks, introducing a new law in late December that gives authorities the power to shut down bitcoin exchanges.

Such moves remain a possibility, Park said, before likening cryptocurrency trading to speculation and gambling.

“The government’s basic position is that virtual currency trading is extremely dangerous and the bubble may burst anytime,” he said.

Related: Jamie Dimon regrets calling bitcoin a ‘fraud’

The exchanges where people trade digital currencies have also come under scrutiny from South Korean authorities. Bithumb, one of the biggest cryptocurrency exchanges in the world, said it was visited by tax officials this week.

Another exchange, Coinone, is being investigated on suspicion of facilitating illegal gambling through cryptocurrencies, South Korean police told CNNMoney.

Coinone couldn’t be reached for comment.

Related: Kodak to launch cryptocurrency, stock pops 125%

South Korea’s plans to rein in digital currency trading come after China cracked down on the practice last year.

Beijing announced new regulations on bitcoin in September, prompting many of the country’s top exchanges to stop trading it and causing its price to crash.

— Taehoon Lee contributed to this report

CNNMoney (New Delhi) First published January 11, 2018: 1:23 AM ET

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What Is the Meaning of Internet Security? | Techwalla.com

Internet security is a branch of computer security that deals specifically with Internet-based threats. These include hacking, where unauthorized users gain access to computer systems, email accounts or websites; viruses and other malicious software (malware), which can damage data or make systems vulnerable to other threats; and identity theft, where hackers steal personal details such as credit card numbers and bank account information. You can protect yourself from these threats with strong Internet security.

The Internet can be a source of hidden dangers.

Malware, meaning malicious software, includes viruses, worms and Trojans. Although “virus” is used colloquially to refer to various malware types, its meaning is quite specific. A virus is a program that replicates itself throughout a system; it can spread to other computers, but needs user involvement since it requires a host file to spread: an individual must download the virus from the Internet or connect infected storage media, such as a USB drive, to his computer. A worm replicates itself and spreads more actively. A Trojan (from Trojan horse) can appear useful, but is actually dangerous. Trojans can steal data such as passwords or financial details or allow “back-door” access into computers. Networks of compromised computer systems, called botnets, are used to send spam or disseminate further malware. Install and use anti-malware applications to protect your computer.

Think of a firewall as a filter consisting of a device or array of devices that allow or deny access to a network. Firewalls, which can be hardware or software devices, prevent sensitive information from being uncovered and stolen from networks and also prevent dangerous information — such as malicious code — from being planted on networks. Firewalls apply a specific set of rules to all information coming in or going out of networks to determine whether it’s dangerous or benign.

Browsers can have security flaws, which allow hackers and cyber-criminals to attack computers and networks. You must choose a secure browser and keep it updated with new security patches the developer releases. One example of a dangerously insecure browser is Microsoft’s Internet Explorer 6 (IE6). Still in widespread use, IE6 has so many security flaws that even Microsoft wants to stop people from using it.

Electronic mail (email) offers many potential vulnerabilities. It’s often used to send sensitive information, which then becomes vulnerable to theft, and is also used to distribute malware. A solid email security strategy includes both anti-malware applications and good practice by users, such as not sending sensitive information via unsecured email and not opening suspicious messages.

Denial of service (DoS) attacks are performed against computer resources such as websites. The aim of a DoS attack is to make a resource unavailable to users. One example is when a website is so overwhelmed by repeated communications requests that it cannot keep up with the demand. When multiple systems are involved, it becomes a distributed denial of service attack (DDoS). Methods for protecting against such attacks include firewalls and systems such as “clean pipes,” in which website traffic is routed through a proxy server that drops bad traffic, allowing only genuine requests.

The strongest firewall and best anti-malware suite won’t protect your system if you give away sensitive information such as passwords or security questions. Social engineering uses tricks to make you hand over information to criminals. An example is phishing, in which an email appears to come from a reputable organization such as a bank, tricking the recipient into entering their personal details. The phisher can then collect and use them to log in to the victim’s account. If you want excellent Internet security, it’s important to remain aware of social engineering.

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Download Avast Internet Security 17.7.2314 – FileHippo.com

Avast Internet Security is a robust security suite that houses numerous tools to protect your system. The suite includes a firewall, antivirus, anti-phishing tool, vpn secure line, and smart scan tools.

With Avast Internet Security you can adjust the parameters of scan modes; pick target areas to scan, enable the scan mode for all file types. Or you can customize the scan to recognize file types by content/name extension/user-defined file extension.

Key features include:

Avast Internet Security also includes some new technologies such as secure dns, scan https, and home security network to add to your protection.

Ransomware Shield, protects your most precious files from being altered or modified without your permission. Ransomware Shield gives premium users an added layer of protection by walling off their Pictures, Documents, and any other designated folders from any unwanted changes.

Any untrusted application trying to change or delete any files in these protected folders will be stopped, as would any encryption attempts by ransomware attacks. However, to avoid slowing down the system, Ransomware Shield only protects specific, designated folders.

Overall, Avast Internet Security is a great product although it is heavy on resources*. The application has an easily accessible and friendly user interface coupled with numerous tools and settings. Avast Internet Security has an excellent detection of threats and a robust antivirus integration. The new Smart Scan feature is also very useful.

*If your system is low performance (GPU/RAM) then this security suite may not be best suited to your needs.

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Vipre Antivirus VIPRE Internet Security

This could be caused by a Windows display setting being changed from your defaults. If you leave the Window display settings as they are, VIPRE will still function normally. If you would like to update, follow these instructions:

For Windows 7: Right-click on a blank spot of your desktop, then click Screen resolution. On this screen, click Make text and other items larger or smaller. Set this to Smaller 100% (default), then click Apply. You will be required to log out and back in to apply this change.

For Windows Vista: Right-click on a blank spot of your desktop, then click Personalize. In the top left of this screen, click Adjust font size (DPI). Set this to Default scale (96 DPI) fit more information, then click OK. You will be required to log out and back in to apply this change.

For Windows XP: Right-click on a blank spot of your desktop, then click Properties. In the Settings tab, click Advanced. Set the DPI setting to Normal size (96 DPI), then click OK. You will be required to log out and back in to apply this change.

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Vipre Antivirus VIPRE Internet Security

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Kodak launches cryptocurrency, stock pops 125% – Jan. 9, 2018

The century-old camera brand said Tuesday it is investing in blockchain technology and plans to launch a “photo-centric cryptocurrency” called KODAKCoin.

Kodak (KODK)’s stock surged as much as 125% in trading after the announcement.

With the price of Bitcoin, Litecoin, Ripple and other digital currencies skyrocketing, an eclectic mix of small, unrelated businesses has attempted to ride the wave of investor interest by teasing cryptocurrency pivots.

Long Island Iced Tea Corp. changed its name to Long Blockchain Corp (LBCC). Bioptyx rebranded as Riot Blockchain (RIOT) and shifted its business model from biotech to bitcoin. Rich Cigars, a tobacco company, and Vapetek, an e-cigarette firm, each declared they were suddenly blockchain businesses.

Related: I bought $250 in bitcoin. Here’s what I learned

Investors have generally reacted to these announcements by sending the stocks soaring. However, Kodak framed the move as being about more than profiting off a buzzword.

“For many in the tech industry, ‘blockchain’ and ‘cryptocurrency’ are hot buzzwords,” Jeff Clarke, Kodak’s CEO, said in a statement. “But for photographers who’ve long struggled to assert control over their work and how it’s used, these buzzwords are the keys to solving what felt like an unsolvable problem.”

Kodak says it will use the blockchain, essentially a digital ledger, for a new platform called KODAKOne to help photographers manage image rights. KODAKCoin will be used for transactions when photographers license their work.

The Kodak news was quickly met with sarcasm on social media. As one reporter joked on Twitter (TWTR), it may only be a matter of time before we see the launch of “PolaroidCOIN” and “SearsCOIN.”

— CNNMoney’s Paul R. La Monica contributed to this report.

CNNMoney (New York) First published January 9, 2018: 2:06 PM ET

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The cryptocurrency bubble is strangling innovation | TechCrunch

Sure, fine, maybe its a bubble. OK its definitely a bubble, but thats a good thing, a bubble brings attention and investment in infrastructure, which breeds real innovation. Right? Look at the dot-com boom. A lot of people lost a whole lot of paper money, but it brought us a cheap worldwide fiber backbone and companies like Amazon and Google. Todays crypto bubble is just like that. Right?

So goes the theory, by which I mean, desperate rationalization. And it was somewhat true, for a while; but not any more. Cryptocurrencies have now ascended to speculative values that actually preclude any non-speculative uses. They have become so expensive that they are preventing innovation.

Most crypto tokens are, in fact, just glorified hash values stored on the Ethereum blockchain literally nothing more than a table of numbers like address A: 10,000. address B: 20,000, wrapped in standard blocks of code (the ERC20 and ERC721 standards, for fungible and non-fungible tokens respectively) so that they can be easily transacted.

Which means that every transfer of such tokens requires a transaction to be performed on the Ethereum blockchain. And as the price of ether has skyrocketed to more than $1,000 as I write this transaction fees have done so as well, so that the average fee for an Ethereum transaction is now around US$2.50.

(Ethereums variable-gas-price mechanism doesnt really help; fees are driven by supply and demand. And of course its not just Ethereum. Blockstacks DNS uses the Bitcoin blockchain as its source of truth, and Bitcoin transaction costs have also gone through the roof. SegWit transactions are cheaper / more efficient but thats noise compared to the overall trend.)

This is fine if youre just speculating, trading hundreds/thousands of dollars worth of tokens at a time. But it is crippling if youre actually trying to build an app that people use for anything else.

If youre trying to build a decentralized name / identity service your names now cost more than many top-level Internet domains that automatically resolve in browsers. If your tokens represent ownership of virtual entities, or access to decentralized storage suddenly just using the token at all, never mind transferring the value associated with the tokens, makes your cost structure somewhere between punitive and prohibitive.

So if youre trying to build anything even remotely high-volume atop an Ethereum token forget it. Your entire business model is catastrophically doomed at todays prices. (Ethereums sender-pays model doesnt help either, although thats due to change sometime soonish.) Only very-low-volume, very-high-value applications need apply. Like the current wave of speculation.

As a result, entire categories of cryptocurrency experimentation and innovation are on hold until the bubble bursts, or until / unless Ethereum finds a way to scale such that transaction fees plummet. Oh, people can still write and deploy code. But nobody will use it. Curious would-be users will be repelled by the nontrivial expense of mere experimentation, never mind ongoing usage.

So developers wont be able to find real-world users, and get any feedback from real-world use; they wont discover any emergent properties; and nobody will use and then iterate on their work. That whole continent of the blockchain ecosystem is now essentially in a deep freeze, covered by glaciers.

It remains an open question whether even much, much lower fees would be viable in the long run. Proponents of micropayments dont seem to realize that the fundamental problem with micropayments is not their cost, or the absence of supporting infrastructure; its the cognitive load that they induce. Parker Thompson of AngelList argues that fee-free decentralized apps are the only ones which might possibly succeed in consumer markets, and I think hes right, but that raises the question of how you prioritize and prevent spam blockchain transactions in the absence of fees.

Today thats a moot point, though. Dont get me wrong; Im not saying the sky is falling, the feepocalypse is upon us, and every decentralized application is doomed forevermore. A lot of interesting work and research has in fact been done regarding scaling Ethereum: sharding, Raiden, Plasma. Hopes for them remain justifiably high.

But until and unless they roll out, and/or the cryptocurrency markets stop being voting machines and start being weighing machines, most non-speculative token projects are doomed to indefinite hibernation. If you care about actual innovation, the inevitable popping of todays bubble wont mark the onset of crypto winter; rather, it will bring a crypto spring.

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Cloud Hosting – Managed Cloud Services

These services allow our customers to build a solution that addresses multiple IT requirements and to take advantage of all that secure cloud hostinghas to offer. In addition, our professional services team helps empower companies because managed cloud hosting is more than maintaining operations; its about business cloud solutions that help companies design, build, migrate, manage and protect data assets throughout the cloud lifecycle.

We were cautious about moving any of our infrastructure to the cloud, but the enterprise class architecture that HOSTING deployed along with their customer portal, which lets us manage multiple environments from one place, sold us on the idea of at least testing the cloud.

Unlike some providers who use a one-size-fits-all approach, our hybrid cloud hosting server architectures can be mixed and matched to create a hybrid managed cloud environment fully suited to the organizations unique requirements. Explore

For those companies looking to quickly spin up a server and adjust their resources without the need for a dedicated environment, the HOSTING public cloud has proven to be just the solution they were searching for. Explore

The HOSTING private cloud is ideal for organizations that are looking for the flexibility of the cloud combined with the security of a dedicated environment. It is a managed cloud hosting solution built on a single-tenant (dedicated) environment powered by VMware. Explore

The HOSTING cloud backup solution uses advanced, disk-based technology to back up data from a HOSTING data center or an organizations on-premises environment to a geographically diverse HOSTING data center. Our highly-redundant, storage architectures deliver rapid recovery often four times faster than tape backup. Explore

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