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Trifacta Partners with Google Cloud to Host First-Ever Data Engineering Summit – Business Wire

SAN FRANCISCO--(BUSINESS WIRE)--Trifacta, the global leader in data preparation, announced today the launch of the Wrangle Summit, an industry-first event in partnership with Google Cloud dedicated to modern data engineering and scheduled for April 7-9, 2021.

The Wrangle Summit, which will be held virtually in its inaugural year, will shine a spotlight on the rapidly evolving work and technology of data engineering to move, structure, clean, and pipeline data to drive critical enterprise decisions. Drawing on cross-disciplinary principles in software engineering, data science, and business leadership, the event will bring together a field of leading minds shaping the future of this emerging discipline.

Data can be messy. But data insights can catalyze breakout organizational successif you know how to refine raw data and engineer unique data products, said Trifacta CEO Adam Wilson. By hosting this summit with our partners at Google Cloud, industry thought leaders, and world-class practitioners, we aim to bring together the best people, ideas, and technology focused on data work, so that we can learn, share, and grow the discipline of data engineering all around the world.

The Dice 2020 Tech Job Report said data engineer is the fastest growing job in technology, doubling year-over-year growth in the number of open positions, which will be highlighted at the Summit. This area has exploded in recent years as companies discover data engineers are key to realize the value for data driven projects, and can prevent data quality challenges that can undermine the credibility of analytics and render ML/AI models useless.

In addition to thought leaders and subject-matter experts from Trifacta, the first annual event features a growing list of keynote speakers and panelists, including:

The conference also will include sessions unveiling the latest tools and techniques for accelerating the data-analysis process, training and certifications for new data engineering skills, and opportunities to network with industry professionals.

To join the Wrangle Summit, please register now.

About Trifacta

Trifacta is a global leader in data preparation. Trifacta leverages decades of innovative research in human-computer interaction, scalable data management and machine learning to make the process of preparing data faster and more intuitive. Around the globe, tens of thousands of users at more than 10,000 companies, including leading brands like Deutsche Boerse, Google, Kaiser Permanente, New York Life and PepsiCo, are unlocking the potential of their data with Trifactas market-leading data preparation solutions. Learn more at trifacta.com.

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Trifacta Partners with Google Cloud to Host First-Ever Data Engineering Summit - Business Wire

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Thycotic commentator: your endpoints just followed Elvis out the building – Tech Wire Asia

The nature of endpoints in IT terms has changed significantly in the last 10 to 15 years. Back in the early noughties, so-called thick applications were installed on users laptops (if they were lucky enough to own such a luxury item!) or on a desktop in the workplace. For cybersecurity teams, it was all about protecting what was installed on the system and the perimeter encompassing the clients LAN.

In the last 15 years, we have diversified from how that worked. The situation has almost gone back to the very early days of computing where mainframe or Meta-Frame (early Citrix Virtualisation) systems were used for hosting applications and data, and users addressed services through thin clients.

Today most applications and services are hosted in the cloud the latter-day mainframes or can be co-hosted, with low-overhead processing on the device and heavy-lifting done in a remote datacenter somewhere out there.

Todays internet connection speeds mean there is little difference in responsiveness between operating remote instances and local monolithic apps. Just as well, given that a decent proportion of the population finds itself suddenly working at home. That means protecting cloud services, cloud access, remote endpoints and data in transit become as important as safeguarding perimeters. Like Elvis, endpoints have left the (office) building, and while the central working-space show may be over for now, it just highlights the fluid nature of what cybersec teams have to protect.

To help us explore the changing picture of endpoints and cybersecurity practices, we spoke recently to Joseph Carson from Thycotic, a leader in privileged access management (PAM) solutions in Australia and New Zealand, and Asia. Joe is Chief Security Scientist and Advisory Chief Information Security Officer at the company and a cybersecurity expert with over 20 years of experience in the industry.

Thycotics expertise is in providing security based on risk risk posed by outside attackers on an organisation, but also the risks inherent in users having privilege-determined access to information. Its platform helps enterprises simplify what are often highly complex security toolsets.

With the company named as a leader in its field by top IT security analysts, the CISO at Thycotic has to know their craft. So, if anyone has the inside track on how organisations might reassess their security policies formulation with regards to newly defined endpoints, its Joe. We began by discussing the multiple accounts and services people access to get a days work done.

Endpoints are no longer just the devices, theyre hosted everywhere, he said. And that means that since internet access became vital for a lot of devices to function, so it means that the access, communication and traffic become important. [A user needs] a multitude of credentials and authentication to be able to access those applications. And thats where we start seeing a lot of things like Single Sign On, and privilege-based access security. [Those] really help manage those complexities of authentication and authorisation.

Joseph told us not to come at the cybersecurity issue from individual endpoints standpoint but rather to begin with a comprehensive and continuous risk assessment of the data and how it is accessed. After all, its what cybersecurity is designed to protect. Our job in cybersecurity is to help reduce the risk to the organisations business and help employees be successful.

First of all, before you get to any of the final decisions about implementations and strategies and controls, you have to understand what is [an organisations] risk? If I have a service, and that service isnt available for a day, whats the cost to the business? Can the employee do anything? And then the second part is getting the balance between productivity and security. You know, you should never sacrifice one or the other. So, its always finding that balance. In my mind, we need to get security to work so that means making security so its usable.

The second part of the cybersecurity puzzle has always been an issue for IT teams: a scale with extremes comprising byzantine protective systems making daily working tools unusable for most and a liberal approach that promotes freedom but leaves the stable door wide open. And, we suggested, isnt there also a big part for employee education in cybersecurity issues?

Joe told us that educating the users remains valuable, but that is exactly what cybersecurity teams have been trying to do for 20 or 30 years. And they shouldnt stop now! Thats a continuous thing, thats not something you should stop doing. We want better educated people to be able to visually identify risks and report them. Because when you have people in the front line that can actually report instances earlier, the better an organisation will be at reducing the risk.

Human defences are not the whole story at least not in a risk-based cybersecurity strategy like one that Joe continuously helps educate companies all around the world today

At the same time, we want to make sure that when they click on the link, [] the security controls in the background will work for them [and] bring important information to the foreground than they need or report it for additional checks in the background. The more we move security to the background, and where we make security work automatically and seamlessly, the better it is for the user.

Source: Thycotic

It is not just users in the enterprise who connect to networks, thereby, to one degree or another posing a threat to an organisations systems and data integrity. Today many thousands of devices attach through a network: the internet of things exists to a greater degree than many people imagine, and ensuring that machine security and identity is part of the risk assessment is a critical part of cybersecurity practice.

We discussed an example of an IoT network in which one device might drop off the radar then reappear a few hours later. In an intelligent, adaptive cybersecurity framework, such an event should raise a red flag until such a time as the reasons for the outage can be determined.

Aside from internet of things devices and cloud applications redefinition as endpoints that need cybersecurity consideration, 2020 and 2021 have writ large the BYOD issue. Or, as Joe terms it, bring your own disaster or soon to be bring your own office.

Many millions of words have been written (on this site alone) about the different ways in which organisations can help their users demarcate between work and personal applications/workloads on their tablets and phones. However, the Thycotic approach is a great deal more finely tuned.

For me to access my works email, it might be perfectly fine to authenticate with a username, password, and a multi factor authentication. Now, if I want to go and access, lets say, customer data, then the security control that I satisfied for my email is no longer just satisfactory. So, I cant just now move across and use the same security controls to access sensitive data. We refer to as leveling up, that you have to then level up or satisfy more security controls.

An example came up of how the Thycotic companys security controls worked (it takes its own medicine in that sense) on a granular level. Joe told us how, on a business trip outside his adopted homeland of Estonia, he got a notification from his team. Hed been attempting to access secure information from a different country behaviour the Thycotic automated systems had flagged as anomalous against the companys predefined policies.

Even though some of the technology used in situations like this is extremely complicated under the hood, Joe reaffirmed that for the end-user him, in this case simplicity was vital:

One of my mentors and bosses many years ago said that security should be like a light bulb or like electricity. You hit the switch, and you dont need to know the complexity in the background, it just works for you.

For further reading, we recommend this eBook, The Definitive Guide to Endpoint Privilege Management (EPM), plus theres a webinar to get involved in too. Both highly recommended.

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Thycotic commentator: your endpoints just followed Elvis out the building - Tech Wire Asia

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Cloud leaks plagued thousands of mobile apps – Inside Wales Sport

Although security breaches in mobile applications have unfortunately become commonplace, there is another way for hackers to steal data, using the hosting services used by these applications directly on poorly configured servers.

This is an alarm signal sent to all developers: it is imperative that they check the configuration of cloud services used by their application to store user data. Zimperium security researchers have identified that thousands of applications provide access to sensitive information from their cloud.

Of the 1.3 million mobile applications analyzed by Zimperium, approximately 12,000 Android apps and more than 6,500 iOS apps used Amazon, Microsoft, or Googles servers that were incorrectly configured. This represents 14% of cloud-based apps, which can therefore pose a serious security risk.

Even if Zimperium has not exploited these poor configurations by hackers, these bad practices can cause serious problems such as theft of confidential data, or even access to publishers infrastructure. Researchers cite the financial app of a large company as an example: well-exploited flaws may allow users to access banking information.

Cloud hosting service providers have data protection systems, but this is insufficient if the developer does not take the necessary precautions. Many publishers have been approached by Zimperium to correct this point, but it is impossible to warn all developers.

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Cloud leaks plagued thousands of mobile apps - Inside Wales Sport

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InMotion vs SiteGround: Which web host is the best? – Devdiscourse

Disclosure: This content is reader-supported, which means if you click on some of our links that we may earn a commission.

InMotion and SiteGround are two independent hosting companies providing a range of web hosting plans/packages to fit various needs.

InMotion is based in the U.S., established in 2001, and powers over 300,000 domains (as mentioned on their website) in more than 175 countries worldwide. On the other hand, SiteGround is a Bulgarian company operating since 2004 and hosts over 2 million domains worldwide.

This comparison article - InMotion hosting vs SiteGround hosting- will provide an in-depth understanding of the various types of hosting plans and features provided by the two companies to finally help you pick the best host for your new, growing, or established site, according to your business needs and budget.

Let's begin!

To give you a better understanding of which web host is ideal for your website, we compare the key features, server uptime, site response time, and the prices of the various forms of hosting plans offered by InMotion and SiteGround.

Unlike InMotion, SiteGround doesn't provide VPS and Dedicated Servers hosting plans, two of the most popular web hosting types used by advanced users.

The web host allows you to transfer up to three websites, databases, and cPanel accounts from an old host to the new InMotion Hosting account. If you wish to transfer more than three websites, the host will charge you an additional USD10 per item.

At SiteGround, you can manually transfer your existing WordPress sites to the new SiteGround account using the free WordPress migratory plugin. Simultaneously, you will have to pay an additional USD30/site for other types of websites for migrating it to SiteGround.

While InMotion offers a free domain credit (domain name registration or transfer) for the first year, SitGround provides no such distinction to its new customers. The latter charges USD15.95 - USD 17.95 per year for new domain name registration.

InMotion provides BoldGrid, a visual drag-and-drop website builder to create, manage, update and publish a website- all without coding skills. It features over 200 professional site layouts, professional image filters, pre-built page blocks, a full suite of WordPress plugins, a built-in SEO tool, a Content Delivery Network (CDN), and a hosting plan included in all plans.

BoldGrid is included free with all shared hosting plans.

SiteGround's hosting plans come with Weebly, the widely-used drag-and-drop website builder for creating a fully-functional website with limited or no coding skills required. The free version of the tool is included with all hosting plans.

InMotion Hosting comes with the popular cPanel control panel - regardless of plan or package type - for easy account management. The graphical cPanel interface has many various tools to manage hosting accounts and websites. These include- file/database management, email management, DNS customization, statistics tracker, and security tools, among others.

SiteGround uses an in-house website-specific tool called Site Tools. The tool allows easy, quick switching between multiple websites, each having a separate set of site management tools.

Site Tools / Image Credit: SiteGround

InMotion offers various security solutions to protect your websites from vicious cyberattacks. These include:

Shared Hosting

VPS Hosting

Dedicated Servers

On the other hand, SiteGround Hosting plans come with a free Let's Encrypt SSL certificate as well as advanced custom security solutions, including:

Depending on the plan you sign up with, InMotion offers a full money-back guarantee on its various web hosting plans. For instance, the company provides a 90-day money-back guarantee with all its annual Shared, VPS hosting plans, while a 30-day guarantee covers monthly plans. InMotion's dedicated servers and all monthly Reseller hosting plans come with a 30-day money-back guarantee.

At SiteGround, you get a 30-day money-back guarantee with the shared hosting plans, while a 14-day guarantee covers the Cloud hosting plans.

InMotion offers 24/7/365 support via:

SiteGround provides support via:

Uptime, the amount of time a server has been up and running, is an essential website performance indicator along with speed and response time. InMotion utilizes multiple data centers, smart routing technology, and SSD drives to keep the servers up and running. The company provides a 99.99% network uptime on its dedicated hosting plans.

Powered by Google Cloud, SiteGround offers an annual network uptime of 99.9%. For uptime ranging between 99.9% - 99.00%, the company promises one month of free hosting and an additional free month for every 1% of uptime lost below 99.00%.

Furthermore, we have reviewed the average uptime offered by InMotion and SiteGround in a test site over the last six month period (via).

Winner: SiteGround (99.98% uptime)

Note: It is worth mentioning that uptime depends on various factors, including the type of server - shared, VPS, dedicated - and hardware reliability, to name a few.

InMotion's premium bandwidth providers and smart routing technology help the company provide performance gains. Besides, the company leverages:

Apart from leveraging the Google Cloud Platform's superfast network and SSD persistent storage, SiteGround has deployed several site speed-boosting technologies. These include:

Besides, this six-month overview - from Sept 2020-Feb 2021 - shows the average response time offered by a test site hosted on InMotion and SiteGround (via):

Winner: InMotion

Shared hosting is the easiest and the most affordable form of web hosting for small businesses and individuals. Both InMotion and SiteGround provide shared web hosting with the following features:

At InMotion, shared hosting is offered in three separate packages - Launch, Power, and Pro - with all plans including hosting for multiple sites, free domain name registration/ transfer, unlimited bandwidth, top-tier security, easy access to Google apps, one-Click Installs of 400+ applications, free website builder, security suite, marketing tools including USD150 advertising credits and more features.

The Launch shared hosting plan allows for hosting two websites and offers 50GB SSD storage, 3x performance and speed, 10 email addresses, and 3 MySQL& PostgreSQL Databases. It is ideal for beginners.

The Power shared hosting plan includes hosting for 50 websites, 100GB SSD storage, 4x performance and speed, 50 email addresses, 50 MySQL& PostgreSQL Databases, and more features. It is suitable for heavy traffic websites.

The top-tier Pro plan allows for hosting 100 websites. It provides 200GB SSD storage, 6x performance and speed, unlimited email address, and Pro level support that gives you a 99.99 uptime guarantee on the service level agreement (SLA). It is the best option for those looking for maximum performance and speed.

SiteGround Shared Hosting comes in three levels:

The StartUp plan allows for hosting only one website and provides 10GB SSD storage, unmetered bandwidth, unlimited databases, free Weebly site builder, free CDN and email, spam protection, and automated daily backups, among other features

The GrowBig plan allows for hosting unlimited websites, 20GB SSD storage, ultrafast PHP, on-demand backup copies, staging, and collaboration tools.

The GoGeek shared hosting plan all the features of the StartUp and GrowBig plans and offers 40GB SSD storage, Git, white-label access, and Priority support.

The table below compares the basic and the top-tier shared hosting plans of InMotion and SiteGround:

Winner: InMotion

InMotion provides managed WordPress hosting with free site transfer tools, SSD storage, free CDN, automatic backups, automatic security patches and more features. It is offered in four different packages:

All of the InMotion WordPress Hosting plans include:

Further, InMotion also provides WordPress Hosting on a Virtual Private Server. Starting at USD38.99/month for a 12-month term, WP-VPS hosting plans are offered in three levels:

SiteGround is one of the only three WP hosting providers recommended by WordPress.org. Its managed WordPress Hosting plans include the same features as the shared hosting plans in addition to some WordPress-specific tools and features like SG-Git, SG Optimizer plugin, one-click staging tool, to name a few.

=> For an in-depth review of SiteGround's WordPress hosting, read our previous article - SiteGround reviews .

Now, we are comparing the basic and the top-tier WordPress hosting plans from InMotion and SiteGround:

Winner: SiteGround

Here are the introductory prices (prices for the initial term) of various hosting packages offered by InMotion and SiteGround.

In terms of introductory pricing, both companies are on an equal footing. However, if we look at the renewal prices - the price after the initial term expires- InMotion is cheaper than SiteGround. For instance, InMotion's shared hosting basic plan (12 months) renews for USD11.99/mo, whereas SiteGround's basic shared hosting plan renews for USD14.99/mo.

Winner: InMotion

After comparing InMotion and SiteGround hosting plans, features, uptime, and other key metrics, we can say that it is a tough fight between the two hosting providers. While SiteGround is ahead in offering better uptime and WordPress hosting.

InMotion gains an edge over SiteGround in providing a wide range of hosting services, site response time, domain credit, cheaper renewal rates, and 90-days money-back guarantee.

Wondering which one of these two hosts is best for your website? Take a look at the table below that summarizes the comparison.

Depending on your needs, both InMotion and SiteGround can be an ideal choice for your website.

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InMotion vs SiteGround: Which web host is the best? - Devdiscourse

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John McAfee charged with securities fraud for pump and dump cryptocurrency scheme – The Verge

John McAfee has been charged with securities fraud over a pump and dump cryptocurrency scheme. Federal prosecutors unsealed a case against McAfee and his executive advisor and bodyguard Jimmy Gale Watson Jr., claiming the pair earned nearly $2 million by urging Twitter followers to invest in cryptocurrencies like Reddcoin and Dogecoin, then selling off their own holdings as the price rose.

McAfee and Watson exploited a widely used social media platform and enthusiasm among investors in the emerging cryptocurrency market to make millions through lies and deception, said US Attorney Audrey Strauss in a statement. The defendants allegedly used McAfees Twitter account to publish messages to hundreds of thousands of his Twitter followers touting various cryptocurrencies through false and misleading statements to conceal their true, self-interested motives.

The pair allegedly ran their scheme between December 2017 to October 2018. McAfee used his verified Twitter account, which currently has around 1 million followers, to recommend a Coin of the Day or Coin of the Week. The indictment says McAfee claimed to have no stake in these altcoins; in reality, McAfee would allegedly buy large quantities beforehand using bitcoin, then offload them again after his followers had driven up the price.

McAfee and Watson are facing seven charges, each count carrying between five and 20 years in prison. The criminal charges include wire fraud, conspiracy to commit commodities and securities fraud, and conspiracy to commit money laundering.

McAfee known for founding the eponymous antivirus company was already arrested last year on separate tax evasion charges. The Securities and Exchange Commission sued him in October for fraudulently promoting initial coin offerings or ICOs. And in 2019, a court ordered him to pay $25 million for allegedly ordering the 2012 killing of his neighbor in Belize. (McAfee has denied involvement and refused to pay the funds.) These charges add yet another layer to his alleged crimes.

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Eco raises $26M in a16z-led round to scale its digital cryptocurrency platform – TechCrunch

Eco, which has built out a digital global cryptocurrency platform, announced Friday that it has raised $26 million in a funding round led by a16z Crypto.

Founded in 2018, the SF-based startups platform is designed to be used as a payment tool around the world for daily-use transactions. The company emphasizes that its not a bank, checking account, or credit card.

Were building something better than all of those combined, it said in a blog post. The companys mission has also been described as an effort to use cryptocurrency as a way to marry savings and spending, according to this CoinList article.

Eco users can earn up to 5% annually on their deposits and get 5% cash back when transacting with merchants such as Amazon, Uber and others. Next up: The company says it will give its users the ability to pay bills, pay friends and more all from the same, single wallet. That same wallet, it says, rewards people every time they spend or save.

After a successful alpha test with millions of dollars deposited, the companys Eco App is now available to the public.

A slew of other VC firms participated in Ecos latest financing, including Founders Fund, Activant Capital, Slow Ventures, Coinbase Ventures, Tribe Capital, Valor Capital Group and more than one hundred other funds and angels. Expa and Pantera Capital co-led the companys $8.5 million funding round.

CoinList co-founder Andy Bromberg stepped down from his role last fall to head up Eco. The startup was originally called Beam before rebranding to Eco thanks to involvement by founding advisor, Garrett Camp, who held the Eco brand, according to Coindesk. Camp is an Uber co-founder and Expa is his venture fund.

For a16z Crypto, leading the round is in line with its mission.

In a blog post co-written by Katie Haun and Arianna Simpson, the firm outlined why its pumped about Eco and its plans.

One of the challenges in any new industry crypto being no exception is building things that are not just cool for the sake of cool, but that manage to reach and delight a broad set of users, they wrote. Technology is at its best when its improving the lives of people in tangible, concrete waysAt a16z Crypto, we are constantly on the lookout for paths to get cryptocurrency into the hands of the next billion people. How do we think that will happen? By helping them achieve what they already want to do: spend, save, and make money and by focusing users on tangible benefits, not on the underlying technology.

Eco is not the only crypto platform offering rewards to users. Lolli gives users free bitcoin or cash when they shop at over 1,000 top stores.

Early Stage is the premier how-to event for startup entrepreneurs and investors. Youll hear firsthand how some of the most successful founders and VCs build their businesses, raise money and manage their portfolios. Well cover every aspect of company building: Fundraising, recruiting, sales, product-market fit, PR, marketing and brand building. Each session also has audience participation built-in theres ample time included for audience questions and discussion.

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Eco raises $26M in a16z-led round to scale its digital cryptocurrency platform - TechCrunch

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Looking at ways to experiment with digital world and cryptocurrency: Sitharaman – Mint

Speaking to CNBC TV 18 today, Nirmal Sitharaman clarified that the government is still formulating its opinion on cryptocurrency and will take a calibrated position. The remarks suggested that the Government may not impose a blanked ban on cryptocurrency.

Many negotiations and discussions are happening with the Reserve bank because the Supreme court order had very clearly told that the government has to take a call on the matter. We are taking with Reserve Bank. Im not sure before the Cabinet takes a call Im not sure I want to give any clue on what is in it. Obviously the RBI will be taking a call on what kind of official currency, cryptocurrency will have to be planned and how it has to be regulated," said Finance Minister Nirmala Sitharaman. The Supreme Court in March 2020 had quashed an RBI ban on payments related to cryptocurrency.

But also we want to make sure there is a window available for all kinds of experiments which will have to take place in the crypto world. It is not as if we are going to look inwards and say we are not going to have any of this. There will be a very calibrated position. Mixed messages are coming across the world. I dont think there is a complete go this way or that way in this matter. We will have to take a very calibrated position. The world is moving fast with technology. We cannot pretend we don't want it. At the same time, we have to recognise with fintech we led the way. Many countries are looking at us for fintech based steps and the kind of things we have done in the payment duniya," she said.

Sitharaman then summarised her remarks by stating that the government is open to experimentation. I can only give you this clue that we are not closing our minds. We are certainly looking at ways in which experimentation can happen in the digital world and cryptocurrency," she added

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New York attorney general warns cryptocurrency industry: ‘Play by the rules or we will shut you down’ – CNBC

A visual representation of digital currencies.

Yuriko Nakao | Getty Images

New York Attorney General Letitia James sent a blistering warning to investors and industry members about the dangers of cryptocurrencies on Monday.

"We're sending a clear message to the entire industry that you either play by the rules or we will shut you down," she said in a press release.

The warning from James, which addressed individual investors and crypto industry members, comes amid a major start to 2021 for digital assets such as bitcoin.

The cryptocurrency surged to a new all-time high above $58,000 earlier this month, after garnering attention from Wall Street banks, companies such as Tesla and even the U.S. government.

Bitcoin, which was created in 2009, has evolved from a protest against the banking system to something of a "digital gold" that is beginning to catch on with mainstream investors.

Investment banks such as JPMorgan and Goldman Sachs have shown interest in the asset class. Plus, companies such asMastercardhave made significant moves to support cryptocurrencies. Tesla invested $1.5 billion into bitcoin in February.

The price of bitcoin rose more than 10% over the last 24 hours to hit $48,528, as of approximately 1:51 p.m. ET, according to CoinDesk. Other popular digital currencies include ethereum and litecoin.

James told members of the crypto industry in New York they must be registered with the Office of the Attorney General's Investor Protection Bureau.

Parties who are obligated to register but fail to do so are subject to civil and criminal enforcement, the office said in a statement.

Monday's alert comes two weeks after the attorney general filed a lawsuit against Coinseed, a trading platform for digital currency.

James alleged that Coinseed was operating a virtual currency trading business in New York, functioning as an unregistered broker-dealer for more than three years while collecting over $1 million in investors' assets.

Last week, the attorney general's office reached a settlement with crypto firms Tether and Bitfinex over allegations that they covered up $850 million of losses. Both firms agreed to pay an $18.5 million penalty but denied any wrongdoing.

"We will not hesitate to take action against anyone who violates the law," she said.

"Too often, greedy industry players take unnecessary risks with investors' money, but, today, we're leveling the playing field and issuing alerts to both investors and industry members across the nation," James added.

She also told investors to be cautious about investing in cryptocurrencies.

"All investors should proceed with extreme caution when investing in virtual currencies. Cryptocurrencies are high-risk, unstable investments that could result in devastating losses just as quickly as they can provide gains," James said.

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New York attorney general warns cryptocurrency industry: 'Play by the rules or we will shut you down' - CNBC

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Govt open to evaluate, explore cryptocurrencies, says Anurag Thakur – Mint

Union minister Anurag Thakur on Saturday said the government is open to evaluate and explore new technologies, including cryptocurrencies, for improving governance.

Prime Minister Narendra Modi himself is a strong advocate of embracing technology in various aspects of governance, the Minister of State for Finance said while addressing an event organised by Entrepreneurs' Organisation - EO Punjab.

"Let me say that we welcome innovation and new technology...blockchain is a new emerging technology. Cryptocurrency is a form of virtual currency. I firmly believe that we must always evaluate, explore and encourage new ideas with an open mind," he said.

A High-Level Inter-Ministerial Committee (IMC) was constituted under the Chairmanship of Economic Affairs Secretary on digital currencies and it has submitted its report. The government would take a decision on the recommendations of the IMC and the legislative proposal, if any, would be introduced in Parliament following the due process, he said while inviting suggestions and views on this issue.

Cryptocurrencies are digital or virtual currencies in which encryption techniques are used to regulate the generation of their units and verify the transfer of funds, operating independently of a central bank. Finance Minister Nirmala Sitharaman on Friday said the government is still formulating its opinion on cryptocurrencies and will take a calibrated position.

Reserve Bank of India Governor Shaktikanta Das had last week said the apex bank has certain "major concerns" over the impact cryptocurrencies may have on the financial stability in the economy and has conveyed the same to the government.

The RBI had virtually banned cryptocurrency trading in 2018 and had directed all entities regulated by the central bank to cease dealing in virtual currencies. The Supreme Court had also asked the Centre in 2019 to frame policies for crypto, and in 2020, struck down the curbs imposed by the RBI.

The Reserve Bank had through various public notices on December 24, 2013, February 1, 2017 and December 5, 2017, cautioned users, holders and traders of virtual currencies, including bitcoins, regarding various risks associated in dealing with such virtual currencies.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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Govt response to cryptocurrency will be ‘calibrated’; open to experiment: Sitharaman – Business Today

In what can be a huge relief to cryptocurrency stakeholders in the country, Finance Minister Nirmala Sitharaman has hinted the Centre may not go for a blanket ban on digital currencies and that it's still formulating its opinion on the matter. She said the Centre was open to experimentation with new technologies and is not closing its minds for them.

As per the finance minister, the call on cryptocurrencies will be taken after deliberations with the Reserve Bank of India (RBI) and cabinet members are over. "A lot of negotiations and discussions are happening around the cryptocurrency with the Reserve Bank of India. RBI will be taking a call on what kind of unofficial cryptocurrency will have to be planned and how it has to be regulated. However we want to make sure that there is a window available for all kinds of experiments which will have to take place in the crypto world," she said at CNBC-TV18's IBLA townhall.

The finance minister has said the Centre's position on cryptocurrencies will be a "calibrated one". The FM clearly said the Centre is not averse to new technology, which is changing rapidly. "There will be a very calibrated position taken. A lot of mixed messages are coming from across the world. The world is moving fast with technology, we cannot pretend that we don't want it," she said.

The FM's remarks on cryptocurrency are in contrast with that of RBI Governor Shaktikanta Das, who had recently said the RBI had reservations regarding digital currencies. He said the apex bank was working on its digital currency. The RBI does not want to be left behind in the technological revolution, and the benefits of blockchain technology need to be capitalised on, he said, adding "we've certain concerns regarding cryptocurrencies."

This stance is in lines with the central government, which has revealed it'll bring a new bill on cryptocurrencies (The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021). Notably, an inter-ministerial committee (IMC) on cryptocurrency has suggested a ban on private cryptocurrencies, like Bitcoin, in India. The same committee also pitched for the introduction of an RBI-regulated digital currency.

The RBI had virtually banned cryptocurrency trading in 2018. But the Supreme Court in 2019 asked the government to come up with cryptocurrency policies. In 2020, the SC down the RBI curbs on the cryptocurrency trade.

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Govt response to cryptocurrency will be 'calibrated'; open to experiment: Sitharaman - Business Today

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