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Pentagon Is Clinging to Aging Technologies, House Panel Warns – The New York Times

WASHINGTON A bipartisan House panel said on Tuesday that artificial intelligence, quantum computing, space and biotechnology were making traditional battlefields and boundaries increasingly irrelevant but that the Pentagon was clinging to aging weapons systems meant for a past era.

The panels report, called the Future of Defense Task Force, is one of many underway in Congress to grapple with the speed at which the Pentagon is adopting new technologies, often using the rising competition with China in an effort to spur the pace of change.

Most reach a similar conclusion: For all the talk of embracing new technologies, the politics of killing off old weapons systems is so forbidding often because it involves closing factories or bases, and endangers military jobs in congressional districts that the efforts falter.

The task force said it was concentrating on the next 30 to 50 years, and concluded that the Defense Department and Congress should be focused on the needs of the future and not on the political and military-industrial loyalties of the past.

We are totally out of time, and here is a bipartisan group in this environment saying that this is a race we have to win and that we are currently losing, said Representative Seth Moulton, Democrat of Massachusetts, who served with the Marine Corps in Iraq and was a co-chairman of the task force. There is a misalignment of priorities, and diminishing time to make dramatic changes.

The report calls for the United States to undertake an artificial intelligence effort that uses the Manhattan Project as a model, citing the drive in World War II to assemble the nations best minds in nuclear physics and weapons to develop the atomic bomb. The task force found that although the Pentagon had been experimenting with artificial intelligence, machine learning and even semiautonomous weapons systems for years, cultural resistance to its wider adoption remains.

It recommended that every major military acquisition program evaluate at least one A.I. or autonomous alternative before it is funded. It also called for the United States to lead in the formulation and ratification of a global treaty on artificial intelligence in the vein of the Geneva Conventions, a step the Trump administration has resisted for cyberweaponry and the broader use of artificial intelligence.

But questions persist about whether such a treaty would prove useful. While nuclear and chemical weapons were largely in the hands of nations, cyberweapons and artificial intelligence techniques are in the hands of criminal groups, terrorist groups and teenagers.

Nonetheless, the reports focus on working with allies and developing global codes of ethics and privacy runs counter to the instincts of the Trump administration, making it more surprising that the Republican members of the task force signed on.

I think this is a case of pushing for a different path at the Pentagon, said Representative Jim Banks, Republican of Indiana and a co-chairman of the group.

In an interview, he was careful to avoid criticizing the White House this president has been good for defense budgets, he said but Mr. Banks praised the work of Ashton B. Carter, President Barack Obamas last defense secretary, for beginning initiatives to force the Pentagon to explore and adopt technologies already developed in the private sector.

This week, House Republicans plan to issue another report, aimed at containing Chinese power.

Arguing for an end to reliance on legacy systems is one thing; executing that policy is another. Usually each of those weapons systems has a constituency that can step in to save it, often wielding the argument that the Pentagon would be putting workers and military contractors out of a job. Notably, the task force did not identify which systems needed to be retired.

But the task force concluded that approach had squelched risk-taking, and could hinder the militarys ability to fully utilize private sector innovation.

The Pentagon knows how to acquire large programs, like fighter jets or aircraft carries, but it is less adept at purchasing at scale the types of emerging technologies that will be required for future conflict, it said.

Defense Department officials have sought to address that problem. But the task force found that while those efforts sometimes succeeded, they were too small, and the Pentagon has so far only been able to tap into a fraction of the innovation being developed in the United States.

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The global silicon photonics market accounted for $520.0 million in 2019 and is expected to reach $3.07 billion by 2025 – PRNewswire

NEW YORK, Sept. 30, 2020 /PRNewswire/ --

Read the full report: https://www.reportlinker.com/p05975671/?utm_source=PRN

Market Report Coverage - Silicon Photonics

Market Segmentation

Product Type Optical Transceivers, Optical Cables, RF Circuit, Multiplexers, Attenuators, and others Application Type Data Communication, Telecommunication, Healthcare, Consumer Electronics, Defense and Security, and others

Regional Segmentation

North America - U.S., Canada, and Mexico Europe Germany, France, Italy, Spain, and Rest-of-Europe Asia-Pacific & Japan- India, South Korea, Japan, and Rest-of-APAC U.K. China Middle East & Africa South America

Growth Drivers

Increasing demand for 5G communication High speed data transmission through silicon photonics Rising deployment of data centers

Market Challenges

Complex design platforms and fabrication processes Packaging issues with silicon photonics devices

Market Opportunities

Usage of silicon photonic chips for quantum computing Integration of silicon photonics to develop LiDARs Use of silicon photonics in oil & gas industry

Key Companies Profiled

Acacia Communications, Inc., Broadcom Inc., Cisco Systems, Inc., GlobalFoundries, Hamamatsu Photonics K.K., Huawei Technologies Co., Ltd., IBM Corporation, II-VI Incorporated, Infinera Corporation, Intel Corporation, Juniper Networks, Inc., Mellanox Technologies Ltd., Molex Incorporated, NeoPhotonics Corporation, and ST Microelectronics N.V.

Key Questions Answered in this Report: What are the key drivers and challenges in the global silicon photonics market? How does the supply chain function in the global silicon photonics market? Which product type segment is expected to witness the maximum demand growth in the global silicon photonics market during 2019-2025? Which are the key application areas for which silicon photonics may experience high demand during the forecast period, 2020-2025? Which are the key suppliers of silicon photonics in different countries and regions? How is the industry expected to evolve during the forecast period 2020-2025? What are the key offerings of the prominent manufacturers in the global silicon photonics market? Which regions and countries are leading in terms of consumption of silicon photonics, and which of them are expected to witness high demand growth from 2019 to 2025? What are the key consumer attributes in various countries in the silicon photonics market? Which are the major patents filed in the space? What are the key developmental strategies which are implemented by the key players to sustain in the competitive market? What is the competitive strength of the key players in the silicon photonics market on the basis of their recent developments, product offerings, and regional presence? Which are the key players (along with their detailed analysis and profiles, including their company snapshots, key products and services, and strength and weakness analysis) in the market? What is the competitive strength of the key players in the silicon photonics market on the basis of their recent developments, product offerings, and regional presence? Which are the key players (along with their detailed analysis and profiles, including their company snapshots, key products and services, and strength and weakness analysis) in the market?

Market Overview

An exponential growth has been observed in the storage of both structured and non-structured data as the society is transitioning to become a data-centric one.The data storage, computation, and networking are anticipated to bring new possibilities.

Organizations are making use of the Big Data to gain agility, identify loopholes, and accordingly work to maximize their potential and transform the businesses.The data centers available today have enormous computational power, processing capacity, and storage facility.

However, the increased user requirements and technological innovations have led to the development of new ways of managing and measuring data so that insightful solutions and interpretation can be derived out of the complex pile of big data. Especially during the ongoing situation of COVID-19, when digitalization is one of the most effective tools for sustainability, the requirement of effective data centers and higher speed interconnects have become a necessity.

Silicon photonics is a technology that uses silicon as an optical medium for data transmission.The technology is both cost as well as energy-efficient and majorly helps in resolving problems related to huge data transfer (>100 Gigabyte) and slow internet speed.

The problem to transfer huge amount of data swiftly could be resolved through high density photonics integration with photonics devices.

The global silicon photonics market accounted for $520.0 million in 2019 and is expected to reach $3.07 billion by 2025. The market is anticipated to grow at a CAGR of 33.95% during the forecast period 2020 to 2025. Rapid expansion of internet and high mobile adoption are some of the major opportunities that the silicon photonics market is lined up with in the coming future. Over the years, major players are showing their interest in silicon photonics market. Players such as Intel Corporation, Cisco Systems, Inc., IBM Corporation and Juniper Networks, Inc. among others are investing to a large extent in the global silicon photonics market in order to improvise their products as well as to capture a major market share.

Competitive Landscape

Some of the strategies adopted by the companies are new product launches, business expansions, and partnerships, and collaborations.Among all the strategies adopted, partnerships and collaborations and product launches have been the leading choices implemented in the competitive landscape.

IBM Corporation, II-VI Incorporated, Infinera Corporation, Intel Corporation, and Juniper Networks, Inc. are some of the leading players in the global silicon photonics market. The industry landscape is quite competitive because of the large number of players in the market. Therefore, innovation and development have been the key factors for large scale growth in this market. To increase their overall global footprint, the manufacturers are expanding their businesses and are also entering into strategic partnerships to increase their customer base and overall reach.

Countries Covered North America U.S. Canada Mexico South America Europe Germany France Spain Italy Rest-of-Europe U.K. Middle East and Africa China Asia-Pacific & Japan Japan South Korea India Rest-of-Asia-Pacific

Read the full report: https://www.reportlinker.com/p05975671/?utm_source=PRN

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At $10,600, Bitcoin price is on track for its second-best quarter ever – Cointelegraph

Bitcoin (BTC) is on track for its best third quarter ever, data shows as Q3 2020 has just one day left to go.

According to price records from on-chain analytics resource Skew, this year should produce Bitcoins strongest Q3 in its history.

BTC/USD traded at around $10,680 at press time on Sep. 30. That number comfortably beats any other Q3 close on record, the next highest being last years $8,310.

Whats more, Bitcoin may seal the second-best quarterly close of its lifetime but that depends on whether it can stay above Q2 2019s $10,590.

One more day to go and still looking like second-best quarterly close for bitcoin but it's a close call with Q2 2020, Skew commented.

Bitcoin quarterly closing prices summary. Source: Skew/ Twitter

Bitcoin has stabilized in a $1,000 trading corridor since losing momentum after hitting $12,500 in August. The opinion is mixed for the short term, and concerns remain that BTC/USD may still drop to fill the last remaining CME futures gap at $9,600.

Theres a rangebound structure with the upper resistance zone at $10,800, Cointelegraph Markets analyst Michal van de Poppe summarized in an update on Tuesday.

If BTC/USD fails to crack that resistance, he said, it was very likely that support levels lower down would be tested, notably $10,600, with potential for $10,400 and $10,200 to come into play.

Zooming out, however, the picture more conspicuously favors bulls. As Cointelegraph reported, long-term behavioral patterns remain true to form for Bitcoin, with this week proving no different.

Difficulty ribbon compression, a metric designed to quantify suitable BTC/USD entry points, has left its lower green buy zone for the first time since March.

Network fundamentals also speak to overall strength, with difficulty itself at all-time highs and set for another upwards readjustment of around 3% in three days time.

Hash rate, a measure of the estimated computing power being directed to mining, is also trending back towards its highest-ever levels.

Among traders, however, discussion remains of potential near-term lows, including a dip below the CME gap toward $9,000.

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Devere Group CEO Predicts Bitcoin Can Replace Gold as Top Safe-Haven Within a Generation | Finance – Bitcoin News

A few weeks ago, Devere Group CEO and founder Nigel Green said that he believed the U.S. election would bolster the price of bitcoin. Speaking with the financial broadcast MoneyFM on Monday, Green said he also believes that bitcoin will replace gold as the ultimate financial safe haven within the timespan of a generation.

Devere Group CEO Nigel Green is a big believer in crypto assets like bitcoin (BTC) and hes been more vocal about his forecasts in recent days. Last August, news.Bitcoin.com reported on Green explaining why he thinks the U.S. presidential election would have devastating effects on the U.S. dollar but also bolster bitcoin at the same time.

Greens firm Devere Group is one of the worlds largest independent financial advisory organizations in the fintech world and the firms assets under management (AUM) exceed $10 billion.

On Monday, Green once again spoke about the crypto asset again during an interview with the broadcast MoneyFM. The discussion was prompted by the Singapore Exchange (SGX) invoking two new crypto indexes in order to create a price standard for BTC and ETH throughout Asia.

Green shared his thoughts about bitcoin (BTC) and other digital currencies in the interview and explains why he thinks bitcoin could potentially replace gold.

I just think [bitcoin] has gradually become more accepted, Green said. When you go back to the basics, theres always been a system of payments in the world. If you go back to bartering, theres always been some way of people keeping score. With the current situation, we have governments keeping score, and not everyone in the world is comfortable with their own government. So one way of looking at cryptocurrencies is that a computer is keeping score.

The Devere Group CEO added:

So thats what weve seen over a number years and just gradually more and more acceptance from people. [Bitcoin] is similar to gold, as so much as gold is limited, and obviously young people are more willing to accept a digital currency than perhaps some older people.

Green said that owning U.S. dollars or Venezuelan bolivars is basically equivalent to owning promises from governments. Essentially, citizens are allowing governments to keep score, but the scorekeepers are easily corrupted.

Of course, whats happened in recent times has been mass printing of money but its really digitally added, Green stressed. If you are flooding the market with extra dollars, then in fact you are devaluing [money]. The advantage of bitcoin is that there is a limited amount. Some people would rather a computer keep score, and some people would not have faith in their government and they would rather have something where theres a limited amount.

When asked if his bitcoin prediction was sped up by Covid-19, Green responded that he thinks the coronavirus has fueled his forecast and technology in general.

Do we really think we will have Singapore dollars in our pocket or will we have digital currencies? I think we accept that ultimately it will be digital currencies, Green insisted. The next question is: Is bitcoin accepted as part of that digital world? It has become more and more apparent that it is, as younger people are more familiar with [bitcoin] and they trust in that world than perhaps other people, the Devere Group founder added.

Green continuously noted that there was a strong prevalence of the youth being more geared toward innovations like bitcoin.

Theres a particular generation that is more trusting in gold, but then theres another generation coming through, Green said.

However, he also said he was in his sixties and even at his age he believes digital currencies are easier than storing precious metals. Its easier, Green remarked. You can put [crypto assets] on your telephone, [opposed] to carrying some gold or storing gold, he concluded.

What do you think about the Devere Group CEOs opinion that bitcoin will replace gold in a generation? Let us know what you think in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Trump, tax and hacks: 5 things shaping Bitcoin price action this week – Cointelegraph

Bitcoin (BTC) starts the week pushing for $11,000 as ranging behavior continues, but futures gap danger remains.

Cointelegraph takes a look at five factors that could shape Bitcoin price action in the coming week.

Sunday provided an unexpected boost to Bitcoin after a week of lackluster price performance. This was thanks to an investigation into United States President Donald Trumps tax records, the results of which were published by the New York Times.

The details include just $750 in tax paid by Trump in his election-year 2016, while no further links to Russia a major source of contention at the time.

Nonetheless, the publication could have implications for Trumps chances in the run-up to this years election, and markets will be keenly watching for fresh turbulence.

Trump himself had fought long and hard to keep his tax records secret.

Its totally fake news; made-up, fake, he responded during a White House press conference.

BTC/USD climbed towards $11,000 on Sunday, nonetheless hitting resistance at around $10,950 to return to press-time levels just under $10,900.

That marks the upper end of the cryptocurrencys weekly range, which has failed to produce either a breakout or breakdown outside the zone between $10,000 and $11,000.

BTC/USD 7-day chart. Source: Coin360

Despite not making progress beyond $11,000, however, Bitcoin is still proving bulls right this month.

As noted by various analysts on Sunday, BTC/USD has now spent longer trading above $10,000 than ever before 64 days on Monday.

Anthony Pompliano, the co-founder of Morgan Creek Digital, summarized the mood to cryptocurrency skeptics

Bitcoin has spent a record 63 straight days above $10,000 and is only showing signs of going higher, part of a tweet reads.

The market is proving your bearishness wrong. There is always time to capitulate & join the party.

Others believe that five figures still have a chance of disintegrating. Should support dwindle, the still-open CME Group futures gap at $9,600 remains untested.

In an analysis on Saturday, Cointelegraph Markets analyst Michal van de Poppe highlighted the gap as a likely outcome of a bearish scenario for Bitcoin, with current levels crucial to hold in order to open up the possibility of a push higher.

Still looking stronger than ever, essential Bitcoin network fundamentals continue to highlight miner dedication.

Both weekly average hash rate and difficulty remained bullish as the week began, with difficulty set for a 5.1% increase at the next readjustment in five days time.

The previous adjustment saw a healthy 11.4% increase, underscoring competition among miners for block rewards. At the time, quant analyst PlanB nonetheless described the move as being like clockwork, coming four months after Bitcoins latest block subsidy halving and in line with behavior after previous halvings.

The average hash rate, an imprecise but broadly useful indicator of network support, was meanwhile trending up back towards all-time highs after hitting 143 exahashes per second (EH/s) earlier in September.

Bitcoin 7-day average hash rate 1-month chart. Source: Blockchain

The Trump story had little impact on an essential metric for the U.S. dollar, with which Bitcoin has exhibited strong inverse correlation in recent months.

The U.S. dollar currency index (DXY) stayed steady as the tax story hit, having spent a week climbing higher.

DXY pits USD against a basket of trading partner currencies and has improved its position considerably since mid-September. As Cointelegraph reported, this strongly contributed to downward pressure on BTC/USD. Despite this, Bitcoin has held up better than expected over the past week, suggesting that the relationship to the index may be easing.

U.S. dollar currency index 1-month chart. Source: TradingView

Last week, statistician Willy Woo forecast in advance that Bitcoin would soon leave its ties to traditional markets behind, including other safe havens such as gold.

In the meantime, however, any decisive move in DXY still has the potential to impact Bitcoins price trajectory in the short term.

Bitcoin markets could spend some time grappling with the fallout from South Korean exchange KuCoins major hack, estimated to be the fourth-largest in history.

Totaling $150 million, some of the stolen funds from the exchange subsequently moved to Uniswap, a popular automated market maker, or AMM, used to trade DeFi tokens and other cryptocurrencies.

According to monitoring resource Whale Alert, millions of dollars in various tokens have left the identified sources of stolen funds to Uniswap over the past two days.

The hack did not involve Bitcoin directly, and BTC/USD appeared little shaken by the events something in marked contrast to previous years when hacks often sparked major price volatility.

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Ex-CEO of Bitcoin.com, a Leading Proponent of Bitcoin Cash (BCH), Joins Nodle’s Board to Help Develop the Nodle Cash Ecosystem – GlobeNewswire

San Francisco, CA, Sept. 30, 2020 (GLOBE NEWSWIRE) -- (via Blockchain Wire) IoT connectivity and security startupNodleannounces Stefan Rust, former CEO ofBitcoin.com, a leading proponent for Bitcoin Cash (BCH), bringing P2P cash to the world, will join Nodles Board of Directors.Nodle Cashis the cryptocurrency of Nodle that smartphone users earn by connecting to nearby sensors and Bluetooth-enabled IoT devices.

Stefan Rust will focus on ecosystem growth efforts for Nodle Cash to increase the user base and decentralization of the Nodle Network, as well as grow the developer community and secure adoption with strategic partners. Rust brings his extensive experience in mobile and blockchain, both as an entrepreneur and as a business leader of a multibillion dollar technology, specializing in turning cutting-edge technologies into commercial success.

Nodle Cash is a manifestation of my background in blockchain and wireless combined with the business model of tomorrow where the user gets paid, Rust said. We started off with big telcos charging us a lot of money to communicate over the network. Along came IP, and all we did was pay for connection. With social media, we pay with our data. Nodle Cash is one of the first payment systems where you get paid for the data you provide which in turn allows businesses to improve their service.

Nodle Cash is the cryptocurrency for the Nodle Network, in which app users are rewarded for providing connectivity to nearby Bluetooth-enabled IoT devices by allowing tiny bits of data to securely move from sensors through their phones to the cloud. This dramatically reduces the costs for enterprises and smart cities to gather data. The community of smartphone users who get rewarded for participating in the network is dubbed The Citizen Network. Currently the best way to earn Nodle Cash is through your smartphone with the Nodle Cash app or partnering with developers implementing our SDK in their apps.

Nodle Cash started on the Stellar Blockchain, and after processing more than 1.3M microtransactions a day, Nodle migrated to the Polkadot ecosystem, with its own chain, the Nodle Chain, built on Parity Substrate. Through the Polkadot Ecosystem, the Nodle Chain enables connectivity, micropayments and a whole set of applications for IoT devices.

We are excited to work more closely with Stefan Rust, said Micha Benoliel, Nodles CEO and Co-Founder. Stefan was an early advisor to Nodle, he will contribute a lot to our next evolution towards a fully decentralized architecture. Stefan brings a world of experience in developing ecosystems for decentralized networks and has made a career out of operating on the cutting edge.

###

About Nodle

Nodle is a decentralized wireless network composed of millions of smartphones connecting people and things privately and securely. Founded in 2017 by serial entrepreneur Micha Benoliel, the Nodle Network dramatically reduces the costs of IoT device communications. Nodles privacy-first, IoT networking stack enables for a multitude of applications, ranging from social distancing, contact tracing, connecting and securing physical assets, moving sensor data at low cost, and security certificates, to providing insights for consumer electronics manufacturers, enterprises, smart cities, and the finance industry. The Nodle Network is global, with 5 million daily active nodes and 100 million devices connected every week across 100+ countries. Nodle is backed by Blockchain Ventures, Blockchange, Bootstraplabs, Olymp Capital, Blockhead, Mark Pincus from Zynga, Pierre Andurand and Greg Kidd. For more information, go tohttps://nodle.ioor follow us on Twitter@NodleTeam.

About Stefan Rust

Stefan was most recently the CEO of Bitcoin.com. Navigating regulations competing against the national telecom operator, Stefan helped change the mobile landscape in China. He then moved on to Sun Microsystems where he worked to create an ecosystem that brought content and apps to mobile with Java. After having bought his first Bitcoin in April 2012 and using it to pay developers directly, he realized the staggering potential of this global decentralized censorship-resistant currency. He has also advised tech giants like Qualcomm, Red Hat, Sony, Siemens, Limelight Studios, and many others in their developer-led innovations. You can follow Stefan on Twitter@srust99.

Contact:

Daren McKelvey

Director of Communications

Nodle

(631) 743-6423

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Ex-CEO of Bitcoin.com, a Leading Proponent of Bitcoin Cash (BCH), Joins Nodle's Board to Help Develop the Nodle Cash Ecosystem - GlobeNewswire

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One of Hal Finney’s lost contributions to Bitcoin Core to be ‘resurrected’ – Cointelegraph

In a February 8, 2011 post on Bitcointalk, Finney said that reading a book titled Guide to Elliptic Curve Cryptography by Hankerson, Menezes, and Vanstone, gave him an idea of how to speed up signature verification by 25%. In the following post from the same day, Finney announced that he had already written test code and uploaded it to the Github repository. However, there was a problem with Finneys proposal his method had already been patented by someone else.

Method for Accelerating Cryptographic Operation on Elliptic Curves (also known as GLV or Four-Dimensional GallantLambertVanstone Scalar Multiplication) received a patent on September 19, 2006 likely at a time when Satoshi Nakamoto was already busy at work on Bitcoin (BTC). In order to understand the invention, we have to dive a bit deeper into elliptical curve cryptography. The patent reads:

The improvement comes from representing the scalar k as a combination of components k, and an integer A. Mathematical operations performed on k represented in this form appear to be less computationally expensive, hence the gains in speed.

Finneys 2013 proposal was implemented with the release of the libsecp256k1 library, but was never enabled due to existing legal concerns. That's how things stood until September 25, when the patent expired. According to the Blockstream co-founder Adam Back, the code is now expected to be activated in the next Bitcoin Core update.

February 2011 seems to be the time when Finney was most focused on optimizing Bitcoin's signature verification. In a post from February 7, 2011, Finney said he was looking at batch signature verification, which he believed might speed up the process by a factor of four. The idea behind it was that instead of verifying signatures one by one, to verify them block-wise: hundreds or even thousands at a time. However, according to Blockstreams co-founder Pieter Wuille (who was one of the authors of the libsecp256k1 library), when GLV is combined with batch verification, the gains disappear once you reach approximately 1,000 signatures:

Indeed, it has been implemented for Schnorr signatures where it affords two-fold gains in speed. Back indicated that he expects a forthcoming release of Schnorr signatures which include batch verification:

It is unlikely that Finneys cryogenic housing allows for any movement, but if it did, we might get a sneak of a smile on his face.

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French police arrest terror financing ring that used Bitcoin coupons – Cointelegraph

A large goup of accomplaces allegedly financing a jihadist network in Syria have been arrested after a sting operation by French police despite choosing cryptocurrency coupons in an attempt to cover their tracks.

In a statement, police said that "constant surveillance of these networks prompted terrorist organisations to seek more opacity by using cryptocurrencies such as Bitcoin," as reported on Sept. 30.

Since 2019, the 29 accomplices have allegedly been supporting the operations of an Al-Qaeda affiliate terror organization, called Hayat Tahrir Al-Sham.

The networks architects are reportedly two French jihadists in their mid-20s, who are both thought to be in northeastern Syria at present. Both were sentenced to 10 years in prison in absentia in 2016.

The 29 members of the network were busted after being caught purchasing cryptocurrency coupons worth between 10 and 150 euros each ($12$176) on multiple occasions in recent months from tobacco outlets across France.

These outlets, known in French as tabacs, were last year integrated into crypto coupon services to encourage the adoption of cryptocurrencies by the French public.

Todays report on the financing of Hayat Tahrir Al-Sham notes that there are currently around 24,000 licensed tabacs across the country.

Alongside the coupons the defendants allegedly used to credit their Syrian accomplices Bitcoin (BTC) accounts, these tabacs support a range of small payments services like cashcard top-ups and money coupons. These services, notably, dont require proof-of-identity.

The anti-terror prosecutors' office has claimed that the use of cryptocurrency coupons by the network represents a turn away from the more prevalent choice of cash to support nefarious activities.

As Cointelegraph previously reported, a range of militant groups, most of which are defined as terrorist organizations by some countries, have increasingly turned to cryptocurrencies to support their fundraising activities. Most of these organizations are financially isolated, with many global banks barring services to them using illicit terror financing prevention mechanisms.

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What The IRS’s Interest In Your Bitcoins Says About The Future Of Cryptocurrencies – Forbes

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The U.S. Internal Revenue Service (IRS) is considering the introduction of a box on the first page of the 2020 tax returns asking contributors specifically if they have sold, received, sent, exchanged or acquired any financial interest in any virtual currency during the financial year in question, that taxpayers must answer unequivocally by ticking either the Yes or No box.

The question, which first appeared on the 2019 return but in a section not all taxpayers had to answer, now moves to a place of full prominence, right at the beginning, under the fields for name and address. The question has a clear purpose: in addition to investigating the extent of the use of cryptomonies among, it aims to make it easier for the IRS to win cases against taxpayers who have not declared their cryptomoney assets, who will no longer be able to argue that they were unaware of the obligation to pay taxes on them. In 2009, the IRS used that same strategy to curb deposits in offshore accounts, which has made possible the regularization of more than $12 billion since.

The measures taken by the IRS coincide with other initiatives in other parts of the world that aim to make crypto-currencies increasingly official: Chinas strategy, prepared ahead of the upcoming launch of its official crypto-currency, is based not only on leveraging the advantages of electronic currencies, but also to increasing control over the activities of its citizens. Beijing has already been working on an ambitious public transaction infrastructure based on blockchain (BSN), which is integrated into six public chains: Tezos, NEO, Nervos, EOS, IRISnet and Ethereum.

The European Union last week outlined a regulatory framework for assets in crypto- and stablecoins. In other parts of the world, such as Africa, the use of cryptocurrencies such as bitcoin is growing significantly because it protects users from losing money from fluctuations of their currencies to the dollar, which has led to monthly transfers of cryptocurrencies to and from Africa of less than $10,000, usually by individuals and small businesses, increasing by more than 55% in one year, to reach $316 million last June, while the number of transactions grew by 50% to around 600,000.

The signs are that crypto currencies are entering a new stage: while many crypto-currencies continue to be declining, due to instability and schemes to manipulate them, others, particularly some stablecoins such as Tether, are becoming more commonplace and are used profusely to evade control over capital movements, while Facebooks ambitious Libra, has been rejected by regulators because of the companys poor record on privacy.

Bitcoin is particularly interesting: this week, we learned that 88% of all bitcoins that will ever circulate have been mined, a milestone that could indicate a progressive stabilization of its value in the long term: taking into account that the total supply of bitcoins is limited and predefined in the Bitcoin Protocol at 21 million, the reward given for mining one decreases over time (the Bitcoin reward is divided by 2 every 210, 000 blocks, approximately every four years), and that some bitcoins in circulation are likely to be lost forever or unusable due to errors such as lost passwords, incorrect output addresses or errors in the output scripts.

The optimism of bitcoin whales such as the Winklevoss brothers, who claim that the value of a single bitcoin will surpass half a million dollars, contradicts more conservative views such as that of the Omaha oracle, Warren Buffett, who claims that cryptocurrencies are worthless, or the Nobel Prize winner in Economics, Joseph Stiglitz, who thinks we should shut them all down, something that would be completely impossible due to the decentralized management of many of them. If one thing is certain, it is that, as the MIT Tech Review said in December 2019, cryptomonies will soon make us feel uncomfortable, and that in reality, as my esteemed colleague Mauro Guilln states in his book 2030: How Todays Biggest Trends Will Collide and Reshape the Future of Everything, we have barely scratched the surface of its full potential.

Meanwhile, if you have assets in cryptocurrencies, think about what you are going to do when your government asks you to declare them. From ignoring their existence to wanting to tax them tells us what comes next: cryptocurrencies are here to stay.

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What The IRS's Interest In Your Bitcoins Says About The Future Of Cryptocurrencies - Forbes

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New DeFi Project NEW KANGEN (NEWG) Presale Will Start on 2nd October 2020 | Press release – Bitcoin News

As the cryptocurrency world is experiencing rapid growth, decentralized finance (DeFi) platforms are also rising. In early 2019, there were only $275M of crypto collateral in the DeFi economy than the current $5 Billion+; this represents the massive adoption of this platform.

New Kangen

New kangen announced earlier that they would cooperate with LID Protocol to launch the NEWG presale. The presale will start on October 2, 2020.

Liquidity Dividends Protocol (LID) advances the development of divided bearing Proof of Locked Liquidity tokens. It hence can solve the issue of Uniswap exit scamming.

After the stipulated presale, 60% of ETH will be locked in the Uniswap liquidity permanently. Within 72 hours after the presale, 15% of ETH will buyback and burn NEWG tokens, preventing any form of dump, thus reducing supply and increasing the demand.

What is New Kangen?

New Kangen is a DeFi platform whose goal is to build an aggregated liquidity pool, automatic market-making, leveraged trading platform, and other functional platforms. It makes use of NEWG, which is an equity token. Users can acquire the NEWG token by providing liquidity to the platforms aggregate liquidity pool. Withdrawal fees in the New Kangen platform are directly used to buy back and burn NEWG.

Website: newkangen.com

Presale links: newkangen.com

Presale steps:

Go to the NEWG presale links, connect the Metamask or other wallet, get your ETH ready, and then click the deposit button after the presale starts. If you use mobile, you can search for newkangen.com in a mobile wallet app (such as Trustwallet, token) DAPP browsers and go to the page to connect your wallet.

NEWG Presale details

Uniswap Initial Price: 1 NEWG = 70.00 USD

How does this work?

New Kangen is an aggregation platform based on decentralized lending protocols such as Compound, Aave, dYdX, etc.

The goal of New Kangen is simple-the decentralized finance platform that supports multiple DeFi agreements will automatically move positions between arrangements to help depositors get the highest financial income. The benefits of the New Kangen platform are:

Community

Twitter: https://twitter.com/new_kangen

Telegram: https://t.me/newkangen

Facebook : https://www.facebook.com/Newkangen-106631201196883/

Instagram : https://www.instagram.com/newkangen/

Medium : https://medium.com/@newkangentoken

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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New DeFi Project NEW KANGEN (NEWG) Presale Will Start on 2nd October 2020 | Press release - Bitcoin News

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