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The Google employee who helped Edward Snowden in Hong Kong – The Guardian US

Edward Snowden

Ten years on, William Fitzgerald, then a 27-year-old policy worker, tells of his part in the story and explores how tech has changed since

Sun 18 Jun 2023 09.00 EDT

Early on the morning of 10 June 2013, Hong Kong time, the journalist Glenn Greenwald and film-maker Laura Poitras published on the Guardian site a video revealing the identity of the NSA whistleblower behind one of the most damning leaks in modern history. It began: My name is Ed Snowden.

William Fitzgerald, then a 27-year-old policy employee at Google, knew he wanted to help. But he didnt yet know how.

Snowden was arguably the most wanted man in the world. The confidential documents he shared with Greenwald, Poitras and the Guardians Ewen MacAskill detailed a sweeping US government surveillance program that was global in reach and involved some of the worlds best-known tech companies. Fitzgerald, who had been working at Google since 2008 and was then based in its Hong Kong office, emailed Greenwald from his personal Gmail on a whim.

if looking for alternative options to protect Edward within Hong Kong, i am on hand to assist, read the email, reviewed by the Guardian.

Hours later, Fitzgerald found himself waiting in the lobby of the Hong Kong W Hotel to meet Greenwald and introduce him to Robert Tibbo and Jonathan Man the men who became Snowdens legal representatives and hid him in the homes of Tibbos Sri Lankan refugee clients.

Its been 10 years since the Snowden files were first published, by the Guardian, and Fitzgerald, who continued to work at Google until 2018, feels ready to share the small role he had in the story. Referred to only as a longtime reader of Greenwalds in the then Guardian columnists book detailing the marathon week he spent in Hong Kong meeting with Snowden and dealing with the aftermath of his disclosures, Fitzgerald admits the motivation to share his story is not entirely selfless. He wants it written in history that he was the longtime reader and that at the time, he was willing to risk everything just as he believed Snowden had.

In 2013, the internet and tech industry especially his employer felt like a wholly different place than it is today, Fitzgerald said. In the aftermath of the Arab spring, there was hope and optimism the tools connecting the world in unprecedented ways could be forces of social good. But the Snowden files told a more sinister story, revealing mass surveillance by the US National Security Agency (NSA), using those tools to spy on the very consumers the companies that built them purported to empower.

The NSA files suggested that some tech firms, including Google, Facebook and Apple, were aware. These companies vehemently denied any role in the governments spying programs and even took a stance against them, joining with groups like the digital advocacy non-profit Electronic Frontier Foundation to increase the use of encryption on the internet.

For Fitzgerald, it was hard to reconcile Snowdens disclosures with the optimism he felt about the internets potential. But he believed the documents were authentic. By watching Greenwalds TV interviews as the first Snowden stories broke in the Guardian, Fitzgerald realized they were both in Hong Kong. He asked Greenwald for coffee, eager to meet one of the reporters behind these monumental stories even if they indicated his employer, Google, knew the NSA was tapping directly into its servers to access user data. By the time Snowden revealed his identity, Fitzgerald and Greenwald already planned to meet.

Are you a lawyer? Greenwald responded to his email offering to help protect Snowden. While Fitzgerald wasnt, he knew one of the pre-eminent human rights lawyers in the city through a masters program at Hong Kong University. No, but I have some friends who are, he responded.

Greenwald doesnt remember knowing if Fitzgerald worked for Google when they first met. He just knew Snowden needed help. Snowden had urged Greenwald to focus on reporting rather than protecting him, Greenwald said, which is how Snowden wound up outing himself as the source without legal counsel. Though Greenwald had never met Fitzgerald before, he said he trusted his intuition. Obviously, our skepticism was at an all-time high about everything, Greenwald told the Guardian.

We didnt know what the US government knew, what the CIA was doing, what the Hong Kong local authorities were doing, he said. So when someone just appears out of nowhere like this offering to help, of course youre very suspicious.

Greenwald wasnt surprised that a Google employee would be supportive of Snowden, however, because that was really the ethos of what Silicon Valley was originally meant to bring.

When Fitzgerald joined Google in 2010, the company appeared committed to preserving free expression and privacy. Shortly after, for instance, the company hired several people to staff a free expression team in several regions that advised on policies to maintain a free and open internet.

Lokman Tsui, then an assistant professor of journalism at the City University of Hong Kong, was hired to lead that team in Asia. In 2010, the company also became the first tech firm to publish a transparency report detailing how often governments requested access to user data and for content to be taken down, a mechanism intended to shame those countries who most frequently issued them, Fitzgerald said. (Google said the transparency report was created as a tool to inform users and public debate.)

After the Snowden leaks, Google and other tech firms worked to distance themselves from the NSAs efforts because as a global company, they could not afford to be seen as servants of the US intelligence community, said Ben Wizner, the director of the ACLUs Speech, Privacy, and Technology Project and Snowdens current attorney.

But over time, the company culture appeared to shift, reflecting the changing needs of various governments. Before he left Google in 2014, for instance, Tsui said some local Asian governments became more hostile to free expression efforts and he struggled to convince colleagues responsible for maintaining relationships with those governments to prioritize free speech. If your job is to maintain good relationships with the local government, the last thing you want to do is bring up freedom of speech in at least most Asian places, he told the Guardian.

Fitzgerald stayed on four years longer, but said he also witnessed the culture shift as the company matured. For instance, he said Google stopped promoting its transparency report to the media, free expression advocates were replaced by more traditional business-focused executives, and then there was Project Maven the controversial Department of Defense drone project that Google signed on to build artificial intelligence for, and later succumbed to employee pressure to back out of in 2018.

There was a slow erosion of a lot of these things that Google had said they cared about, said Fitzgerald, who has since founded The Worker Agency, an advocacy and communications firm that counts a Google worker union among its clients.

Google isnt alone in vying for government contracts Microsoft, Amazon, IBM have all since made a play for or struck multimillion-dollar deals to build tools of surveillance for various entities including the Pentagon.

Google has a long track record of pushing back on overly broad or otherwise inappropriate demands and, at times, rejects government requests entirely, said Christa Muldoon, a company spokesperson.

That commitment is just as strong today as it was in 2013, Muldoon said in a statement. Our transparency reports give people detailed information about government demands, as well as the progress of our work to drive encryption technologies across our products and the Internet.

Opinions differ on how much the tech industry has evolved since Snowden. Fitzgerald and Greenwald both say it has increasingly given in to government pressures to hand over user data or censor posts. Wizner, on the other hand, credits tech firms for bolstering their legal defense against government requests for data. The default before Snowdens revelations was for companies to comply with legal orders; today, he says, theres more evidence theyre pushing back.

But all agree that one of the most enduring legacies, and the one Wizner says Snowden is most proud of, is peoples awareness of the limits of their privacy and the resulting encryption of the web.

What followed in the weeks after the stories were published has been well documented. After Greenwald introduced Snowden to Tibbo and Man, the duo hid him in the cramped tenement-style apartments of Tibbos Sri Lankan refugee clients, who, at great personal risk, took turns hosting the person the world was searching for. One of those families only received asylum in Canada in 2021 while others involved remain in Hong Kong. Snowden, who is facing multiple criminal charges in the US, then fled to Russia, where he still resides.

At the headquarters of the Electronic Frontier Foundation (EFF), organizers understood the NSA files could spur companies to finally implement end-to-end encryption, a method of securing communications so only the sender and recipient can access it. Very quickly after the leak, tech companies began signing on to the EFFs efforts to push for more encryption, according to EFFs executive director, Cindy Cohn. In 2016, James Clapper, the US director of national intelligence, said that the leaks had accelerated the adoption of encryption by seven years.

While theres still work to be done on encrypting more of the web, encryption has become the default for many messaging apps such as Signal, WhatsApp and iMessage. As a result of Snowdens disclosures, secure and encrypted communications are no longer the weird province of computer-savvy geeks, but are tools that are used by and available to the masses, Wizner said.

Ten years after Snowden first revealed himself, Fitzgerald has spent his time helping other people hold tech firms accountable through his communications firm. Today, he remains proud of the small role he played in Snowdens story.

In Snowdens book, he said he put himself at the mercy of the world and other people, Fitzgerald said. I remember thinking in my head when I read that, I was one of those people. And I responded, and was one of the contributing factors that meant that he didnt end up in an orange jumpsuit and wearing handcuffs.

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How to Protect Against the Four Largest Cybersecurity Threats to … – tripwire.com

Digital technology is becoming an increasingly essential part of nearly every industry, and supply chains are no exception. In recent years, supply chains have become more dependent on digital solutions, from manufacturing, packing, and shipping processes, to storing records in the cloud.

While digital technology increases speed, efficiency, and interconnectivity across industries, this increased complexity can also lead to higher gaps in cybersecurity. As more digital data is transferred through a company, the potential for cybersecurity weaknesses increases.

Supply chains are not immune to this increase in cybersecurity threats. Malicious actors can gain access to valuable and highly sensitive information. For every link in the supply chain, it is vital to be able to protect yourself against cybersecurity threats.

Cyberattacks come in various forms and can occur due to unexpected internal weaknesses in a company. Employees who fall for a convincing impersonation may be tricked into sharing access codes and login information with an attacker. Routine cyberattacks can bypass cybersecurity controls via compromised devices, weak passwords, and limited security measures surrounding sensitive data.

Data theft is only one type of cyber threat. To gain a deeper understanding of how your supply chain may be at risk of cyberattacks, lets look at four specific types of attacks on supply chains that you should be aware of.

As more supply chain networks incorporate digital solutions and undergo dramatic digital transformation, more digital vulnerabilities appear. These digital risks can be caused by flaws in the software, configuration errors that made it through security checkpoints, or human error.

Digital risks can quickly evolve to become potent supply chain dangers such as malware and ransomware attacks, breaches in data security, and regulatory compliance violations. These attacks can lead to further consequences, including disrupted supply chain processes, theft of intellectual property, and exposed data.

While you may trust the third-party vendors you work with, their cybersecurity measures must align with yours, or it may present a risk to your company, especially regarding data security.

Data is located throughout the various stages of each supply chain, making this a potential goldmine for cybercriminals.

This type of cyberattack, known as vendor or supplier fraud, occurs when a bad actor impersonates a well-known retailer, someone you will be familiar with. The cybercriminal then requests you to change the usual payment process, introducing a new bank account or other details.

Third-party vendors can also become risk components in this type of attack. New advancements in digital technology, including phishing attacks utilizing ChatGPT, deep fake video clips, and digitally created audio recordings, can make for convincing attempts at fraud that are difficult to disprove.

The best way to preempt a cyberattack is to reduce the risks before the attack occurs. Implement a robust security strategy that will make it difficult for even the most determined hacker to gain access to your supply chain networks and data. Lets look at a few key elements to help prevent bad actors from enacting successful cyberattacks.

In the event of a successful cyber breach, the last thing you will want is widespread panic and uncertainty about how to proceed. Instead, you should have a clear plan carefully set out well in advance of any unfortunate incident.

Each employee should understand their role in carrying out this security response plan, including actions to mitigate the potential damage, who they should contact, and who they report to in the chain of command.In addition, security analysts and IT teams should test whether or not the security system response plan you have in place is effective.

If data is not encrypted at every stage of its lifecycle, attackers may be able to access sensitive information throughout your supply chain. All data stored within your supply chain networks and servers should be encrypted. That way, even if a bad actor can successfully compromise your system, they will not be able to decrypt information stored there. This is especially true of third-party integrated software and applications, as they offer more potential entry points for cyberattacks.As you review your supply chains data encryption, you should follow industry-recognized encryption methods, such as those offered by authoritative sources.

Just as your employees are limited in their ability to access information that is not relevant to their job function, give your third-party vendors the least amount of access to perform the task at hand.

Take the time to perform an initial security analysis and risk assessment of your third-party exposure. This can help to reveal the potential weak spots.

Taking the proactive measure to determine where your supply chain security risks lie will allow you to modify procedures and patch security gaps before cybercriminals exploit them.

Uninformed employees present a serious weak spot in any organizations cybersecurity strategy. Ensure that every employee is aware of the potential risks that cyberattacks present. Include adequate information about phishing strategies, regular cybersecurity maintenance (such as frequent computer, app, and software updates on all devices), and good password hygiene.

Educating employees on what to watch out for and where to report potential threats and suspicious activity reduces the likelihood of success for certain types of cyberattacks, such as phishing and identity theft.

By putting ample cybersecurity measures in place, you can protect your supply chain from breaches before they occur. Encrypt your data, and prepare a robust security response plan in the event that something does go wrong. Be aware of prevalent cyberattack tactics such as digital risks, third-party vendor risks, supplier fraud, and data integrity. A better understanding of the risks allows you to understand the importance of being prepared to face cybercriminals well in advance.

Gary Stevens is an IT specialist who is a part-time Ethereum dev working on open source projects for both QTUM and Loopring. Hes also a part-time blogger at Privacy Australia, where he discusses online safety and privacy.

Editors Note: The opinions expressed in this guest author article are solely those of the contributor, and do not necessarily reflect those of Tripwire.

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Guess what happened to this US agency using outdated software? – The Register

Infosec in brief Remember earlier this year, when we found out that a bunch of baddies including at least one nation-state group broke into a US federal government agency's Microsoft Internet Information Services (IIS) web server by exploiting a critical three-year-old Telerik bug to achieve remote code execution?

It turns out that this same gang of government-backed hackers used a different and even older Telerik flaw to break into another US federal agency's Microsoft IIS web server, access the Document Manager component, upload webshells and other files, and establish persistence on the government network.

The US Cybersecurity and Infrastructure Security Agency and FBI warned about the first intrusion into a federal civilian executive branch agency's Microsoft IIS web server back in March, and said the snafu happened between November 2022 and early January.

"Multiple cyber threat actors, including an APT actor, were able to exploit a .NET deserialization vulnerability (CVE-2019-18935) in Progress Telerik user interface (UI) for ASP.NET AJAX, located in the agency's Microsoft Internet Information Services (IIS) web server," the joint advisory revealed.

But wait, there's more. On Thursday, the feds updated the March alert and said a forensic analysis of a different federal civilian executive branch agency "identified exploitation of CVE-2017-9248 in the agency's IIS server by unattributed APT actors specifically within the Telerik UI for ASP.NET AJAX DialogHandler component."

This separate break-in, exploiting an almost six-year-old vulnerability, occurred in April. The agency was running an outdated version of the software, and a proof-of-concept exploit has been publicly available since January 2018, according to the feds.

"It should be noted that Telerik UI for ASP.NET AJAX versions prior to 2017.2.621 are considered cryptographically weak; this weakness is in the RadAsyncUpload function that uses encryption to secure uploaded files," CISA added.

On April 14, the nation-state criminals used a brute force attack against the encryption key and gained unauthorized access to the Document Manager component within Telerik UI for ASP.NET AJAX.

After breaking in, they uploaded malicious scripts, downloaded and deleted sensitive files, made unauthorized modifications, and uploaded webshells to backdoor and remotely access the server.

"CISA and authoring organizations were unable to identify privilege escalation, lateral movement, or data exfiltration," according to the alert. "However, the presence of webshells and file uploads indicated APT actors maintained access and had the potential to conduct additional malicious activity."

And it also underscores the importance of patching.

Speaking of patching, there's a ton of critical fixes to implement now if you haven't already across Microsoft, VMware, Fortinet, Adobe, and SAP software, and all of those are detailed in The Register's June Patch Tuesday coverage.

Plus, the ongoing MOVEit fiasco continues with a third vulnerability and a third fix.

And in other vulnerability news:

Google pushed a Chrome update that includes five security fixes. This includes one critical vulnerability, CVE-2023-3214, in the autofill payments function that could allow for arbitrary code execution.

Also, CISA identified six critical ICS vulnerabilities OT teams should be aware of:

Criminals posing as legit security researchers on GitHub and Twitter are pushing malicious repositories claiming to be proof-of-concept exploits for zero-day vulnerabilities.

Spoiler alert: these aren't real PoCs but rather malware that infects Windows and Linux machines.

Security researchers at VulnCheck spotted the first malicious GitHub repository claiming to be a Signal zero-day in May. They reported the scam to GitHub, and it was taken down. The next day, VulnCheck discovered "an almost" identical repository purporting to be a WhatsApp zero-day.

This continued throughout May, with the researchers finding the fake repos, and GitHub removing them.

Apparently, the takedowns also forced the miscreants to put more effort into spreading malware. "The attacker has created half a dozen GitHub accounts and a handful of associated Twitter accounts," VulnCheck researcher Jacob Baines said in a blog about the scam. "The accounts all pretend to be part of a non-existent security company called High Sierra Cyber Security."

The accounts include profile pictures at least one used a real headshot belonging to a Rapid7 employee and had followers, Twitter handles, and (dead) links to the (fake) security company's website.

The accounts attempt to trick real security researchers into downloading malicious binaries by tagging an exploit for a popular product like Chrome, Exchange, Discord, Signal or WhatsApp.

And while the Windows binary has a high detection rate on VirusTotal (43/71), VulnCheck notes that the Linux binary is stealthier (3/62), but "contains some very obvious strings indicating its nature."

VulnCheck includes a list of seven phoney GitHub accounts, seven GitHub repositories, and four Twitter accounts, and cautions that if you've interacted with any of them, you may have been compromised.

Ransomware is the most widespread malware-as-a-service (MaaS), accounting for 58 percent of all malware families between 2015 and 2022.

This is according to Kaspersky researchers, who based their latest report on 97 malware families circulating on the dark web.

Coming in second, infostealers made up 24 percent. The remaining 18 percent were split between botnets, loaders, and backdoors.

"Despite the fact that most of the malware families detected were ransomware, the most frequently mentioned families in dark web communities were infostealers," the report indicates. "Ransomware ranks second in terms of activity on the dark web, showing an increase since 2021."

Meanwhile, botnet, backdoor and loader mentions are on the decline.

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Ethereum Scanner Etherscan Adds OpenAI-Based Tool to Analyze Smart Contract Source Code – Yahoo Finance

Etherscan, one of the most commonly used Ethereum blockchain scanning websites, introduced a tool that uses artificial intelligence (AI) to help users interpret the source code of smart contracts, according to a post on its website.

The tool, based on AI technology developed by OpenAI, allows users to ask for an explanation of the entirety or parts of the source code of a smart contract, Etherscan said. Users can also retrieve the "read" and "write" functions of a smart contract such that they can "make informed decisions" on how to interact with them as well as explore possible ways of using them in decentralized applications, the post said.

Following the explosion of interest in AI spurred by the popularity of OpenAI's ChatGPT chatbot, blockchain and crypto companies have rushed to support traders and developers with tools based on the technology. Last week, crypto exchange Bybit integrated ChatGPT into its trading platform.

Etherscan said the tool is meant for informational purposes only and encouraged users to verify its answers instead of relying on them solely for evidence or bug bounty submissions.

In order to use Code Reader, as the Etherscan tool is called, users need to connect to OpenAI's API and have sufficient usage limits. An API, or application programming interface, allows two computer programs to communicate and share information. Etherscan's tool currently doesn't allow for conversation threads with the chatbot and can be queried only through one-off prompts.

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Unraveling the Potential of Smart Contracts in Bitcoin Gold – Devdiscourse

Bitcoin Gold has unique features that make it an intriguing platform for smart contract applications. In this article, we delve into the exciting world of Bitcoin Gold and its potential synergy with smart contracts. Try Immediate Fortune if you really want considerable profits from this market in a short time.

One of the main advantages of integrating smart contracts on the Bitcoin Gold network is the enhanced security it offers. Bitcoin Gold utilizes the Equihash algorithm, which is resistant to specialized mining hardware known as ASICs. This characteristic ensures a more decentralized mining process and reduces the risk of centralization, enhancing the security of smart contracts executed on the network.

Additionally, Bitcoin Gold's robust and well-established infrastructure provides a solid foundation for the implementation of smart contracts. Its active and dedicated developer community continually works to improve the platform and expand its capabilities. Leveraging this existing infrastructure, and integrating smart contracts becomes a natural progression, enabling developers to leverage the security and reliability of Bitcoin Gold while exploring new possibilities.

Another crucial aspect to consider is the potential for interoperability between Bitcoin Gold and other blockchain networks. Cross-chain interoperability allows smart contracts executed on Bitcoin Gold to interact with other blockchain platforms, enabling a seamless exchange of assets and data. This interoperability can open up a wide range of applications, including decentralized finance (DeFi) protocols, decentralized exchanges, and cross-border transactions.

Furthermore, integrating smart contracts on the Bitcoin Gold network can unlock opportunities for the tokenization of real-world assets. By creating digital representations of physical assets, such as real estate or commodities, on the Bitcoin Gold blockchain, these assets can be easily traded, fractionalized, and managed in a transparent and secure manner.

However, it is important to acknowledge that implementing smart contracts on Bitcoin Gold also comes with certain challenges. Bitcoin Gold's primary focus has been on being a store of value and a medium of exchange, rather than a smart contract platform. As a result, modifications and upgrades to the Bitcoin Gold protocol may be necessary to fully support the complexities of smart contract execution.

One crucial aspect is the development of a specialized programming language and development framework for smart contracts on Bitcoin Gold. Ethereum, for example, uses Solidity as its primary programming language. Similarly, Bitcoin Gold would require a language specifically designed for writing smart contracts that can run on its network. This language should be user-friendly, secure, and efficient to facilitate the widespread adoption and development of smart contracts on the platform.

Additionally, the availability of development tools and documentation plays a vital role in enabling developers to create, deploy, and test smart contracts on Bitcoin Gold. A comprehensive development toolkit, including integrated development environments (IDEs), debugging tools, and deployment frameworks, would simplify the process and attract more developers to build on the platform. Clear and extensive documentation, along with code examples and tutorials, would further enhance the accessibility and understanding of smart contract development on Bitcoin Gold.

Interoperability with other blockchain networks is another critical consideration. Smart contracts executed on Bitcoin Gold should be able to interact seamlessly with contracts and protocols on other blockchain platforms. This requires the establishment of standardized communication protocols and cross-chain bridges that enable the transfer of assets, data, and instructions between different blockchain networks. Interoperability opens up opportunities for cross-chain decentralized applications (DApps) and broader ecosystem integration.

Scalability is a fundamental concern when it comes to executing smart contracts on any blockchain network, including Bitcoin Gold. As smart contracts typically involve multiple computations and interactions, the network must handle a significant number of transactions simultaneously. To address scalability challenges, Bitcoin Gold may need to implement solutions like layer-two scaling techniques, such as state channels or sidechains, which can offload some of the computational burdens from the main chain while maintaining security and decentralization.

Another critical aspect is security. Smart contracts are subject to vulnerabilities, such as coding errors or malicious attacks, which can result in financial losses or exploitation of the network. Bitcoin Gold should prioritize security measures, including rigorous auditing, testing frameworks, and best practices for secure smart contract development. Implementing formal verification methods, which mathematically prove the correctness of smart contract code, can further enhance security and mitigate potential risks.

Integrating smart contracts onto the Bitcoin Gold network presents a promising frontier for blockchain technology. With enhanced security, existing infrastructure, interoperability, and potential for asset tokenization, Bitcoin Gold offers unique possibilities for decentralized applications. While technical considerations and challenges exist, exploring smart contracts on Bitcoin Gold can shape a future where programmable money and innovative applications thrive.

(Disclaimer: Devdiscourse's journalists were not involved in the production of this article. The facts and opinions appearing in the article do not reflect the views of Devdiscourse and Devdiscourse does not claim any responsibility for the same.)

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The Future of Energy Trading: How Smart Contracts are Changing … – EnergyPortal.eu

The energy sector has been experiencing a significant transformation in recent years, driven by the increasing need for sustainable energy sources, technological advancements, and the growing demand for efficient energy management systems. One of the most promising developments in this field is the integration of blockchain technology and smart contracts into energy trading platforms. This innovative approach has the potential to revolutionize the way energy is bought, sold, and managed, providing a more transparent, secure, and efficient system for all parties involved.

Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They are stored on a decentralized blockchain network, which ensures that the contract is secure, transparent, and tamper-proof. When the conditions specified in the contract are met, the contract automatically executes the agreed-upon actions, such as transferring funds or assets between parties. This eliminates the need for intermediaries, reduces transaction costs, and increases the speed and efficiency of the process.

In the context of energy trading, smart contracts can be used to facilitate the buying and selling of energy between producers, consumers, and other market participants. For example, a homeowner with solar panels installed on their roof could use a smart contract to automatically sell excess energy to their neighbors or to the grid, receiving payment in real-time as the energy is consumed. This peer-to-peer (P2P) trading model not only empowers consumers to take control of their energy usage and production but also encourages the adoption of renewable energy sources by making them more financially viable.

One of the key benefits of using smart contracts in energy trading is the increased transparency and trust they provide. Traditional energy markets are often characterized by a lack of transparency, with consumers having limited access to information about the source and price of the energy they consume. This can lead to market manipulation, price volatility, and a general lack of trust between market participants. By recording all transactions on a decentralized and immutable blockchain, smart contracts ensure that all parties have access to the same information, reducing the potential for disputes and fostering trust in the system.

Another advantage of smart contracts in energy trading is their ability to facilitate the integration of distributed energy resources (DERs), such as solar panels, wind turbines, and energy storage systems, into the grid. As the number of DERs continues to grow, there is a need for a more flexible and efficient system to manage these resources and ensure that they are used effectively. Smart contracts can be used to create a decentralized energy market, where DERs can be bought and sold in real-time based on supply and demand, helping to balance the grid and optimize energy usage.

Furthermore, smart contracts can also enable the creation of innovative energy products and services, such as dynamic pricing models and demand response programs. For instance, a smart contract could be used to automatically adjust the price of energy based on real-time market conditions, encouraging consumers to use energy during periods of low demand and reducing the strain on the grid during peak times. Similarly, smart contracts could be used to incentivize consumers to participate in demand response programs, where they agree to reduce their energy usage during peak times in exchange for financial rewards.

In conclusion, the integration of smart contracts into energy trading platforms has the potential to significantly change the way energy is bought, sold, and managed. By providing a more transparent, secure, and efficient system, smart contracts can empower consumers, promote the adoption of renewable energy sources, and facilitate the integration of distributed energy resources into the grid. As the energy sector continues to evolve, it is clear that smart contracts and blockchain technology will play a crucial role in shaping the future of energy trading.

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Global Smart Contracts Market Size and Forecast | Coinify ApS … – Reedley Exponent

New Jersey, United States The Global Smart Contracts market is expected to grow at a significant pace, reports Verified Market Research. Its latest research report, titled Global Smart Contracts Market Insights, Forecast to 2030. offers a unique point of view about the global market. Analysts believe that the changing consumption patterns are expected to have a great influence on the overall market. For a brief overview of the Global Smart Contracts market, the research report provides an executive summary. It explains the various factors that form an important element of the market. It includes the definition and the scope of the market with a detailed explanation of the market drivers, opportunities, restraints, and threats.

Both leading and emerging players of the Global Smart Contracts market are comprehensively looked at in the report. The analysts authoring the report deeply studied each and every aspect of the business of key players operating in the Global Smart Contracts market. In the company profiling section, the report offers exhaustive company profiling of all the players covered. The players are studied on the basis of different factors such as market share, growth strategies, new product launch, recent developments, future plans, revenue, gross margin, sales, capacity, production, and product portfolio.

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Coinify ApS, GoCoin Pte. Ltd BlockCypher, Chain Monetas, Blockstream Corporation , Monax Industries Limited, Coinbase, Bitfinex, BitPay, Inc.

Global Smart ContractsMarket Segmentation:

Smart Contracts Market, By Blockchain Platform

Bitcoin Ethereum NXT Sidechains

Smart Contracts Market, By Technology

Ethereum Namecoin Ripple Rootstock (RSK) Others

Smart Contracts Market, By End-User

Automobile Government Management Supply Chain Others

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Key regions including but not limited to North America, Asia Pacific, Europe, and the MEA are exhaustively analyzed based on market size, CAGR, market potential, economic and political factors, regulatory scenarios, and other significant parameters. The regional analysis provided in the report will help market participants to identify lucrative and untapped business opportunities in different regions and countries. It includes a special study on production and production rate, import and export, and consumption in each regional Global Smart Contracts market considered for research. The report also offers detailed analysis of country-level Global Smart Contracts markets.

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(8) Which region is lucrative for the manufacturers?

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10 Best Books To Learn About Ethereum To Understand Open … – Blockchain Magazine

Ethereum is a decentralized, open-source blockchain platform that was introduced in 2015 by Vitalik Buterin. It is one of the most prominent cryptocurrencies and blockchain technologies, known for its smart contract functionality and its native cryptocurrency called Ether (ETH). Ethereum allows developers to build and deploy decentralized applications (DApps) on its platform, offering a wide

Ethereum is a decentralized, open-source blockchain platform that was introduced in 2015 by Vitalik Buterin. It is one of the most prominent cryptocurrencies and blockchain technologies, known for its smart contract functionality and its native cryptocurrency called Ether (ETH). Ethereum allows developers to build and deploy decentralized applications (DApps) on its platform, offering a wide range of possibilities beyond simple financial transactions.

At its core, Ethereum is a distributed network of computers that collectively maintains a blockchain, which is a public ledger containing a record of all transactions and smart contracts executed on the network. Unlike Bitcoin, which primarily focuses on peer-to-peer electronic cash transactions, Ethereum aims to be a decentralized platform for executing code of any complexity.

One of the key features of Ethereum is its support for smart contracts. Smart contracts are self-executing contracts with the terms of the agreement directly written into lines of code. They automatically execute when predetermined conditions are met, without the need for intermediaries. This feature allows for the creation of decentralized applications, enabling developers to build and deploy applications that can interact with each other, access and modify data, and execute transactions autonomously.

The native cryptocurrency of the Ethereum network, Ether (ETH), serves multiple purposes. Firstly, it is used to incentivize participants on the network to perform computations and secure the blockchain through a process called mining (although Ethereum is transitioning to a proof-of-stake consensus mechanism). Secondly, Ether is used as a medium of exchange within the Ethereum ecosystem, facilitating transactions and powering the execution of smart contracts.

The Ethereum Virtual Machine (EVM) is a runtime environment that executes smart contracts on the Ethereum network. It is a Turing-complete virtual machine, meaning it can execute any algorithm or computation that a conventional computer can perform. The EVM runs on the nodes of the Ethereum network, and every node stores a copy of the blockchain and processes transactions and smart contract code.

Ethereum has gained widespread popularity due to its ability to enable decentralized finance (DeFi) applications, which offer traditional financial services, such as lending, borrowing, and trading, without intermediaries like banks or brokers. This has led to the creation of numerous DeFi platforms, decentralized exchanges (DEXs), stablecoins, and other financial instruments built on top of the Ethereum blockchain.

The Ethereum ecosystem is continuously evolving and expanding. It has a vibrant community of developers, entrepreneurs, and enthusiasts who contribute to its growth. Ethereum has also introduced several upgrades and improvements over time, with the most notable upgrade being Ethereum 2.0, which aims to enhance scalability, security, and sustainability by transitioning from a proof-of-work to a proof-of-stake consensus mechanism.

In summary, Ethereum is a decentralized blockchain platform that enables the creation of decentralized applications and the execution of smart contracts. It provides a platform for developers to build innovative applications and has played a significant role in the development of decentralized finance and the broader blockchain ecosystem.

Learning Ethereum offers several compelling reasons for individuals interested in blockchain technology and decentralized applications. Here are some key reasons why you should consider learning Ethereum:

1. Revolutionary Technology: Ethereum represents a paradigm shift in how applications are developed and deployed. By understanding Ethereum, you gain insight into the underlying principles of blockchain technology, smart contracts, and decentralized applications. This knowledge can be valuable in exploring new career opportunities, building innovative solutions, or contributing to the blockchain ecosystem.

2. Smart Contract Development: Ethereums smart contract functionality is a unique and powerful feature. Learning Ethereum enables you to develop and deploy smart contracts, which can automate complex agreements and transactions without relying on intermediaries. Smart contract development skills are in high demand, particularly in fields such as decentralized finance (DeFi), supply chain management, and decentralized applications.

3. Decentralized Finance (DeFi): Ethereum has emerged as the leading platform for DeFi applications, which aim to provide traditional financial services in a decentralized and transparent manner. By learning Ethereum, you can participate in the growing DeFi ecosystem, understand how decentralized exchanges, lending platforms, and yield farming work, and potentially leverage DeFi tools for your own financial needs.

4. Growing Ecosystem: Ethereum has a thriving and active developer community. By learning Ethereum, you become part of this ecosystem, gaining access to resources, documentation, and developer tools. You can collaborate with other developers, contribute to open-source projects, and stay up to date with the latest developments and advancements in the Ethereum network.

5. Career Opportunities: Proficiency in Ethereum opens up numerous career opportunities. As blockchain technology gains wider adoption across various industries, there is an increasing demand for professionals with Ethereum expertise. You could explore roles such as blockchain developer, smart contract engineer, blockchain consultant, or even start your own blockchain-focused venture.

6. Investment and Trading: Understanding Ethereum is crucial for those interested in investing or trading cryptocurrencies. Ethereums native cryptocurrency, Ether (ETH), has consistently been one of the largest and most valuable cryptocurrencies by market capitalization. By learning Ethereum, you can analyze the market, understand the factors influencing Ethereums price, and make informed investment decisions.

7. Educational Value: Ethereum provides an excellent educational platform for learning about blockchain technology and its applications. It introduces concepts such as distributed consensus, cryptography, and decentralized governance. By delving into Ethereum, you gain a deeper understanding of how blockchain technology works, its potential impact on industries, and the challenges it aims to solve.

8. Flexibility and Innovation: Ethereums open-source nature encourages innovation and experimentation. By learning Ethereum, you can explore and contribute to the development of decentralized applications, participate in hackathons and developer contests, and potentially create your own groundbreaking projects. The Ethereum ecosystem fosters creativity and empowers individuals to bring their ideas to life.

In conclusion, learning Ethereum offers a gateway to understanding blockchain technology, smart contracts, and decentralized applications. It equips you with valuable skills, opens up career opportunities, and allows you to participate in the dynamic and rapidly evolving world of blockchain and decentralized finance. Whether youre interested in building applications, investing, or simply expanding your knowledge, Ethereum provides a solid foundation for exploring the possibilities of decentralized technologies.

Also read: How To Secure Ethereum Assets- Top 10 Ways To Avoid Scams And Hacks

These are just a few of the many great books available on Ethereum. With so many resources available, theres no excuse not to learn more about this exciting new technology.

Ethereum plays a significant role in the economy by introducing new possibilities and reshaping existing systems. Here are some key reasons highlighting the importance of Ethereum for the economy:

1. Decentralized Finance (DeFi): Ethereum has become the backbone of the decentralized finance (DeFi) movement. DeFi applications built on Ethereum offer a wide range of financial services, including lending, borrowing, yield farming, decentralized exchanges, and stablecoins. These platforms provide access to financial services without the need for intermediaries like banks, significantly reducing costs, increasing transparency, and expanding financial inclusion. DeFi has unlocked new economic opportunities, allowing individuals around the world to participate in global financial systems.

2. Innovation and Entrepreneurship: Ethereums programmable smart contracts enable entrepreneurs and developers to build decentralized applications (DApps) and launch their own projects. This has fostered innovation and entrepreneurship, creating a vibrant ecosystem of startups and projects. Ethereum provides a decentralized and permissionless platform for individuals to bring their ideas to life, disrupt traditional industries, and introduce new business models. This innovation drives economic growth and creates employment opportunities.

3. Tokenization and Asset Ownership: Ethereums blockchain enables the tokenization of assets, such as real estate, art, intellectual property, and even traditional financial instruments. By representing these assets as tokens on the Ethereum network, ownership, transfer, and fractionalization become more efficient and accessible. This has the potential to unlock liquidity in previously illiquid markets, enable fractional ownership, and facilitate new forms of investment and trading.

4. Micropayments and Token Economy: Ethereums native cryptocurrency, Ether (ETH), serves as the fuel for executing transactions and interacting with decentralized applications on the network. Additionally, Ethereums ERC-20 token standard allows for the creation of custom tokens. These features enable micropayments and the development of token economies, where tokens represent value within specific ecosystems. Token economies provide incentives, rewards, and monetization opportunities, fostering economic interactions and creating novel business models.

5. Supply Chain Management and Traceability: Ethereums blockchain can be utilized for transparent and verifiable supply chain management. By recording transactions and product information on the blockchain, businesses can improve transparency, enhance trust, and combat counterfeiting. This is particularly crucial for industries such as pharmaceuticals, luxury goods, and food, where traceability and provenance are essential for consumer confidence. Ethereum-based supply chain solutions can streamline operations, reduce costs, and enable more efficient and ethical commerce.

6. Decentralized Governance and DAOs: Ethereum facilitates decentralized governance models and the creation of Decentralized Autonomous Organizations (DAOs). DAOs are organizations that operate based on smart contracts, enabling decentralized decision-making and transparent governance. DAOs can facilitate collective decision-making, voting, fund management, and resource allocation. By removing central authorities and intermediaries, Ethereum empowers communities and stakeholders to participate directly in the governance and decision-making processes, leading to more inclusive and democratic economic systems.

7. Interoperability and Collaboration: Ethereums open-source nature and compatibility with other blockchain platforms promote interoperability and collaboration. Ethereums ERC-20 and ERC-721 token standards have become widely adopted, allowing tokens to move seamlessly between different Ethereum-based projects and platforms. This interoperability encourages collaboration and the development of interconnected ecosystems, where projects can leverage each others strengths, share resources, and benefit from network effects. This collaborative environment stimulates innovation, economic growth, and cross-industry synergy.

In summary, Ethereums impact on the economy is substantial. Through DeFi, tokenization, smart contracts, and decentralized governance, Ethereum is transforming traditional systems and introducing new economic paradigms. It empowers individuals, encourages innovation, facilitates more efficient and transparent transactions, and creates economic opportunities for both established businesses and emerging entrepreneurs. As Ethereum continues to evolve and gain wider adoption, its importance for the economy is expected to grow.

Also raed: Democratizing The Internet: How Ethereum Enables The Decentralized Web

The future of Ethereum is a topic of great interest and speculation due to its prominent role in the blockchain and cryptocurrency space. While the future is uncertain, several developments and upgrades are expected to shape Ethereums trajectory. Here are some key aspects to consider regarding the future of Ethereum:

1. Ethereum 2.0: One of the most significant milestones for Ethereum is the ongoing transition to Ethereum 2.0, also known as Eth2 or Serenity. Ethereum 2.0 aims to address scalability, security, and sustainability concerns by implementing a new consensus mechanism called proof-of-stake (PoS). This transition involves the introduction of shard chains, which will increase the networks capacity to process transactions and execute smart contracts in parallel. Ethereum 2.0 will also introduce improvements in energy efficiency and reduce the resource requirements for participation in the network.

2. Enhanced Scalability: Ethereums current infrastructure faces scalability challenges, particularly during periods of high demand. Ethereum 2.0 aims to significantly enhance scalability by introducing shard chains and implementing other optimizations. These improvements will allow the network to handle a much larger number of transactions per second, enabling smoother and faster operation of decentralized applications and reducing transaction fees.

3. Layer 2 Solutions: To address immediate scalability concerns while Ethereum 2.0 is being developed, various layer 2 solutions are being implemented. Layer 2 solutions, such as state channels, sidechains, and rollups, aim to offload a significant portion of transactions from the Ethereum mainnet while still maintaining the security and integrity of the network. These solutions will improve transaction throughput and reduce costs, making Ethereum more scalable and efficient.

4. DeFi and Decentralized Applications (DApps): Ethereum has established itself as the leading platform for DeFi applications and DApps. The future of Ethereum is closely tied to the growth and development of these applications. As more projects and users adopt Ethereum for decentralized finance, gaming, NFTs (Non-Fungible Tokens), and other use cases, the demand and utilization of the Ethereum network are expected to increase. This growth will contribute to the overall expansion of the Ethereum ecosystem and reinforce its position as a fundamental infrastructure for decentralized applications.

5. Interoperability and Cross-Chain Integration: Interoperability between different blockchain networks is a significant focus area for the future of Ethereum. Projects such as Polkadot, Cosmos, and others are working on creating interoperability protocols that allow communication and data transfer between various blockchains. Ethereum is expected to integrate with these interoperability solutions, enabling the seamless movement of assets and data across different blockchain networks. This interoperability will enhance the overall functionality and utility of Ethereum, fostering collaboration between diverse blockchain ecosystems.

6. Regulatory Considerations: As blockchain technology and cryptocurrencies gain wider adoption, regulatory frameworks are being developed to govern their use. The future of Ethereum will be influenced by how regulatory bodies around the world approach and adapt to this evolving technology. Regulatory clarity and favorable frameworks can provide certainty and stability, encouraging broader adoption and investment in Ethereum-based projects.

7. Community and Developer Ecosystem: Ethereum has a large and active community of developers, entrepreneurs, and enthusiasts who contribute to its growth and development. The future of Ethereum relies on the continuous engagement and innovation from this community. The ongoing improvement proposals, development of new tools, and the introduction of novel applications will shape the future trajectory of Ethereum.

In conclusion, the future of Ethereum is dynamic and promising. With the transition to Ethereum 2.0, enhanced scalability solutions, the continued growth of DeFi and DApps, interoperability efforts, regulatory developments, and the active involvement of its community, Ethereum is poised to play a significant role in the blockchain industry and the broader economy.

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Unveiling the Hidden Gems: Four Promising AI Crypto Projects to … – Finbold – Finance in Bold

The world of crypto is constantly evolving, offering investors a wide array of investment opportunities with every new month that passes.

As the demand for AI-driven technologies continues to soar, the intersection of AI and crypto presents an exciting frontier for investors looking to diversify their portfolios. In this article, we unveil four promising AI crypto projects that definitely deserve your attention.

InQubeta: Empowering AI Startups

InQubeta is a visionary platform that empowers AI startups through crypto crowdfunding. By combining the power of blockchain and smart contracts, InQubeta creates a transparent and efficient investment ecosystem for AI-driven innovations.

Investing in InQubeta is made possible through $QUBE tokens. Built as an ERC20, $QUBE offers a deflationary model that incentivizes long-term investment. As investors engage in buying and selling $QUBE tokens, a portion of the transaction taxes is allocated to a burn wallet, creating scarcity and the potential for value appreciation. Staking $QUBE tokens in the dedicated reward pool allows investors to earn attractive rewards, providing even further incentives for engagement.

InQubeta also has its own marketplace, serving as a gateway for AI startups and enabling them to raise funds by offering reward and equity-based NFTs. This unique approach fosters collaboration between investors and entrepreneurs, fueling innovation for everyone.

InQubeta sets a new standard for AI startup investment. Its innovative use of blockchain and smart contracts ensures a more transparent and democratic investment process. Moreover, InQubetas commitment to community participation is evident through its $QUBE token, which doubles as a governance token. $QUBE token holders actively participate in decision-making processes, proposing and voting on platform improvements, ensuring a collaborative and inclusive ecosystem is always the foundation of the project.

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DeepMind: Advancing AI Research with Crypto Integration

DeepMind, a subsidiary of Alphabet Inc. (Googles parent company), explores cutting-edge AI research and has shown interest in integrating cryptocurrencies.

While specific projects are yet to be announced, the combination of DeepMinds expertise in AI and Googles vast resources could lead to groundbreaking developments at the intersection of AI and crypto. Investors keeping a close eye on DeepMinds activities may uncover future investment opportunities in this space.

SingularityNET:DecentralizedAI Network

SingularityNET is adecentralizedAI network that harnesses the power of blockchain to enable the creation, sharing, and monetization of AI services.

With its AGI token, SingularityNET aims to foster collaboration among AI developers and users, opening up avenues for investment in various AI projects and services. SingularityNETs vision of creating adecentralizedglobal AI marketplace has the potential to disrupt traditional AI models and drive innovation.

Cortex: Democratizing AI Development

Cortex is adecentralizedAI platform that seeks todemocratizeAI development and deployment. By leveraging blockchain technology, Cortex enables AI models to be created, shared, andutilizedin adecentralizedmanner. The CORTEX token fuels the platforms ecosystem, allowing users to access AI services, contribute to the network, and participate in model training. Cortexs unique approach holds the potential to empower AI developers anddemocratizeAI access for businesses and individuals alike.

Investing in AI crypto projects requires thorough research and due diligence. Factors to consider include the projects team expertise, technological innovation, market potential, and community engagement. While the crypto market can be volatile, investing in promising AI crypto projects allows investors to position themselves at the forefront of cutting-edge technology and potential financial gains.

In conclusion, the intersection of AI and crypto presents a wealth of investment opportunities. Projects like InQubeta, DeepMind, SingularityNET, and Cortex showcase the potential of AI-driven technologies and their integration with cryptocurrencies. By carefully considering and diversifying your portfolio with these hidden gems, you can participate in the transformative power of AI and potentially reap the rewards of this rapidly evolving industry.

Visit InQubeta Presale

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Nayms launches its first fully capitalised insurance program on … – Reinsurance News

Blockchain based insurance marketplace Nayms has announced that it has launched its first fully capitalised insurance program on the Nayms Marketplace.

The Nayms Marketplace brings together insurers, insureds, capital providers, brokers, and underwriters in an on-chain ecosystem from capitalising balance sheets to paying premiums and claims.

According to Nayms, this new program demonstrates its commitment to revolutionising the insurance industry by leveraging smart contracts on the Ethereum network, as well as providing secure, efficient, and fully transparent insurance solutions.

According to the announcement, this on-chain approach encourages an alternative source of capital via the rapid growth of the cryptocurrency market. Therefore, by leveraging its marketplace and blockchain technology, combined with focus on generating yield, Nayms enables insurers to access additional capacity for underwriting risks.

Additionally, this expanded capacity empowers insurers to offer more comprehensive coverage, meet growing demand, and address emerging risks effectively.

Building upon the success of the first fully capitalised insurance program, Nayms has also disclosed a range of new investment opportunities for participants within the re/insurance market. This includes smart contract hack captive insurance, industry loss warranty reinsurance, excess cyber liability insurance and smart contract and bridging insurance.

Elsewhere, Nayms also announced the successful raising of $500,000 in its first segregated account, with targeted annual returns averaging around 15%.

Dan Roberts, CEO and Co-Founder of Nayms, commented: Building something simple is complicated. It requires a solution that is highly comprehensive to seem sleek, streamlined, and intuitive.

Nayms has now officially gone from 0 to 1 with the launch of our first insurance program, and we cant wait to showcase all the other opportunities to the market as they go live. We have now introduced insurance as an asset class to the digital asset space. Onwards!

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