• digital dollar first-mover advantage
    People,  Regulation,  Technology

    Fed Chair: Digital dollar will have a ‘first-mover advantage’ whenever it comes

    China may be far ahead but Jerome Powell said the U.S. dollar’s role of as the world’s reserve currency gives it a lead in any central bank digital currency race

    At the Federal Reserve "we actually think we need to get this right, and we don't feel an urge or need to be first,” Powell said of a digital dollar. "We’re going to look at it very, very carefully and we’re investing heavily in understanding the technology and analyzing the policy questions—the many policy questions.”

  • Oracle blockchain tables
    Technology

    Oracle adds blockchain to its cloud databases

    The software giant’s new blockchain tables provide customers a simple-to-use but ‘secure audit trail on transactions and processes’

    By offering “immutable insert-only tables whose rows are cryptographically chained together,” the company said blockchain tables makes it easy for customers to “protect against illicit changes by insiders or hackers impersonating administrators or users.”

  • crypto users poor security practices
    Cryptocurrencies,  Technology

    Survey sheds light on crypto users’ poor security practices

    A quarter of the people who took part in the study by hardware wallet maker Ngrave are less secure than they expected to be—and only 1% are safer

    While losses were down substantially in 2020, according to CipherTrace, crypto fraud, thefts, and hacks still accounted for $1.8 billion through October. That includes September’s $281 million hack of the KuCoin exchange in September.

  • ransomware hackers demand bitcoin for sex toy
    adblock,  Bitcoin,  Technology

    Hackers demand $700 bitcoin ransom for man’s “family jewels”

    Hackers took control of an app-controlled, internet-of-things connected male chastity device in an attempt to obtain a ransom, according to a report

    According to a Jan. 11 report, hackers took advantage of a known cybersecurity vulnerability in the software of a “smart” sex toy, hoping to effectively hold the man who used the device hostage, by locking him in the chastity device.