Crypto - Tech Like This https://techlikethis.com Technology News Daily Sat, 05 Aug 2023 08:20:31 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 215328379 Top Technology Inventions or Innovations of 2022 for Cybersecurity Technologies https://techlikethis.com/2023/08/01/top-technology-inventions-or-innovations-of-2022-for-cybersecurity-technologies/?utm_source=rss&utm_medium=rss&utm_campaign=top-technology-inventions-or-innovations-of-2022-for-cybersecurity-technologies Tue, 01 Aug 2023 10:15:18 +0000 https://techlikethis.com/?p=3543 Here are some of the top technology inventions and innovations for cybersecurity in 2022: • Multi-factor authentication became more widespread, with the use of biometrics, one-time passwords and other second factors in addition to passwords. This has helped increase security for many accounts and services. • Zero-trust security models continued to gain traction as a […]

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Here are some of the top technology inventions and innovations for cybersecurity in 2022:

• Multi-factor authentication became more widespread, with the use of biometrics, one-time passwords and other second factors in addition to passwords. This has helped increase security for many accounts and services.

• Zero-trust security models continued to gain traction as a more effective approach compared to traditional perimeter-based defenses. The zero-trust principles focus on verifying any request or transaction before granting access.

• Blockchain technology was increasingly applied for purposes beyond cryptocurrency, including for supply chain security, identity management and device attestation. The promise of blockchain for security remains an area of active innovation.

• Artificial intelligence and machine learning were further leveraged to detect threats through techniques like anomaly detection, pattern recognition and natural language processing of threats. However, challenges remain around AI bias and explainability.

• Cybersecurity mesh architectures emerged to monitor and defend all points of access for devices, working around the limitations of traditional network perimeter defenses. A mesh combines multiple security controls.

• Quantum-safe cryptography continued to advance as a potential solution to future-proof networks against the threat of quantum computers breaking current encryption. However, a large-scale transition to quantum-safe crypto has yet to occur.

• Cybersecurity for the Internet of Things and operational technology expanded to address the growing attack surface from billions of interconnected devices and systems. Security by design is critical for IoT.

These represent some of the main areas of innovation for cybersecurity defense in 2022. The core themes were wider adoption of security best practices like zero trust and multi-factor authentication, as well as emerging technologies like blockchain, AI and quantum-safe crypto that offer promising new approaches to common problems.

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FTX Website is temporarily down, and warns customers not to deposit https://techlikethis.com/2022/11/09/ftx-website-is-temporarily-down-and-warns-customers-not-to-deposit/?utm_source=rss&utm_medium=rss&utm_campaign=ftx-website-is-temporarily-down-and-warns-customers-not-to-deposit Wed, 09 Nov 2022 23:18:20 +0000 https://techlikethis.com/?p=2522 While FTX US’s website is currently functioning fine, other websites associated with the struggling exchange have gone dark in the wake of its liquidity crisis and subsequent news that it would potentially be acquired by Binance – a plan that was scrapped on Wednesday after Binance walked away from the deal, citing “issues are beyond […]

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While FTX US’s website is currently functioning fine, other websites associated with the struggling exchange have gone dark in the wake of its liquidity crisis and subsequent news that it would potentially be acquired by Binance – a plan that was scrapped on Wednesday after Binance walked away from the deal, citing “issues are beyond our control or ability to help.”

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Bloomberg: SBF warns FTX investors of bankruptcy without more cash https://techlikethis.com/2022/11/09/bloomberg-sbf-warns-ftx-investors-of-bankruptcy-without-more-cash/?utm_source=rss&utm_medium=rss&utm_campaign=bloomberg-sbf-warns-ftx-investors-of-bankruptcy-without-more-cash Wed, 09 Nov 2022 23:12:43 +0000 https://techlikethis.com/?p=2518 FTX faces bankruptcy even without a cash injection.

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FTX faces bankruptcy even without a cash injection.

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8 Days in November: What Led to FTX’s Sudden Collapse https://techlikethis.com/2022/11/09/8-days-in-november-what-led-to-ftxs-sudden-collapse/?utm_source=rss&utm_medium=rss&utm_campaign=8-days-in-november-what-led-to-ftxs-sudden-collapse Wed, 09 Nov 2022 23:06:19 +0000 https://techlikethis.com/?p=2514 Sam Bankman Fried, a financial influencer and financier, flew extraordinarily high in the crypto bull market driven by the pandemic. Here’s what led to his fall, and why it matters for the industry’s future.

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Sam Bankman Fried, a financial influencer and financier, flew extraordinarily high in the crypto bull market driven by the pandemic. Here’s what led to his fall, and why it matters for the industry’s future.

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Market Wrap: Bitcoins and other Cryptos Keep Plummeting https://techlikethis.com/2022/11/09/market-wrap-bitcoins-and-other-cryptos-keep-plummeting/?utm_source=rss&utm_medium=rss&utm_campaign=market-wrap-bitcoins-and-other-cryptos-keep-plummeting Wed, 09 Nov 2022 23:00:10 +0000 https://techlikethis.com/?p=2510 The largest cryptocurrency by market capitalization was hurtling toward $16K amid the growing fallout from crypto exchange FTX’s collapse. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.

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The largest cryptocurrency by market capitalization was hurtling toward $16K amid the growing fallout from crypto exchange FTX’s collapse. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.

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A Failed FTX-Binance Deal Is ‘Catastrophic’ for Crypto Sector https://techlikethis.com/2022/11/09/a-failed-ftx-binance-deal-is-catastrophic-for-crypto-sector/?utm_source=rss&utm_medium=rss&utm_campaign=a-failed-ftx-binance-deal-is-catastrophic-for-crypto-sector Wed, 09 Nov 2022 22:59:17 +0000 https://techlikethis.com/?p=2508 It may not result in institutional investors fleeing the sector entirely, as there are already large numbers of them. “Whatever the outcome is, I don’t think it will lead to institutional investors significantly pulling money from the sector,” said Kevin March, co-founder of cryptocurrency prime brokerage firm Floating Point Group. “Anyone that is here right […]

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It may not result in institutional investors fleeing the sector entirely, as there are already large numbers of them. “Whatever the outcome is, I don’t think it will lead to institutional investors significantly pulling money from the sector,” said Kevin March, co-founder of cryptocurrency prime brokerage firm Floating Point Group. “Anyone that is here right now, is here to stay … We’re still having conversations with institutions who are interested and trying to figure out how to enter the space this week despite the backdrop,” he added.

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FTX’s Push for US Crypto Clearing Left In Suspense By Binance Deal https://techlikethis.com/2022/11/08/ftxs-push-for-us-crypto-clearing-left-in-suspense-by-binance-deal/?utm_source=rss&utm_medium=rss&utm_campaign=ftxs-push-for-us-crypto-clearing-left-in-suspense-by-binance-deal Tue, 08 Nov 2022 22:51:44 +0000 https://techlikethis.com/?p=2456 “Its proposal with the CFTC to offer central clearing of margin products to retail customers will be seen in a different light,” said Ian Katz, a managing director at Capital Alpha Partners, in a Tuesday research note. Bankman-Fried has been on a Washington charm offensive in recent weeks, Katz wrote, but this development will mean […]

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“Its proposal with the CFTC to offer central clearing of margin products to retail customers will be seen in a different light,” said Ian Katz, a managing director at Capital Alpha Partners, in a Tuesday research note. Bankman-Fried has been on a Washington charm offensive in recent weeks, Katz wrote, but this development will mean the company’s “advocacy role in D.C. will, at the very least, be diminished.”

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Bitcoin Miner Marathon Digital Misses Q3 Revenue Estimates, Lowers Hashrate Outlook for 2022 https://techlikethis.com/2022/11/08/bitcoin-miner-marathon-digital-misses-q3-revenue-estimates-lowers-hashrate-outlook-for-2022/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-miner-marathon-digital-misses-q3-revenue-estimates-lowers-hashrate-outlook-for-2022 Tue, 08 Nov 2022 22:50:44 +0000 https://techlikethis.com/?p=2454 Jefferies said that Marathon’s expectation for 3.2 EH/s is the biggest risk. It will be connected to a Compute North Texas facility. Compute North’s bankruptcy is another concern. Marathon may have to revise terms with their hosting company. Another risk was 12.2 EH/s that are expected to be triggered by Applied Blockchain (APLD), facilities in […]

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Jefferies said that Marathon’s expectation for 3.2 EH/s is the biggest risk. It will be connected to a Compute North Texas facility. Compute North’s bankruptcy is another concern. Marathon may have to revise terms with their hosting company. Another risk was 12.2 EH/s that are expected to be triggered by Applied Blockchain (APLD), facilities in North Dakota, and Texas. Both of these areas face regulatory delays.

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CFTC accuses Digitex founder Adam Todd of running illegal Crypto Derivatives Trading platform https://techlikethis.com/2022/09/30/cftc-accuses-digitex-founder-adam-todd-of-running-illegal-crypto-derivatives-trading-platform/?utm_source=rss&utm_medium=rss&utm_campaign=cftc-accuses-digitex-founder-adam-todd-of-running-illegal-crypto-derivatives-trading-platform Fri, 30 Sep 2022 18:24:25 +0000 https://techlikethis.com/?p=317 According to a complaint filed in the Southern District of Florida on Friday, Todd is accused of using various corporate entities – including Digitex LLC, Digitex Ltd., Digitex Software Ltd. and Blockster Holdings Ltd. Corp., – to run an illegal crypto derivatives trading platform.

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According to a complaint filed in the Southern District of Florida on Friday, Todd is accused of using various corporate entities – including Digitex LLC, Digitex Ltd., Digitex Software Ltd. and Blockster Holdings Ltd. Corp., – to run an illegal crypto derivatives trading platform.

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