Facebook’s push for end-to-end encryption is good news for user privacy, as well as terrorists and paedophiles – The Conversation AU

Facebook is planning end-to-end encryption on all its messaging services to increase privacy levels.

The tech giant started experimenting with this earlier this year. Soon, end-to-end encryption will be standard for every Facebook message.

But Australian, British and United States governments and law makers arent happy about it. They fear it will make it impossible to recover criminal conversations from Facebooks platforms, thus offering impunity to offenders.

For instance, this was a major concern following the 2017 London terror attacks. Attackers used WhatsApp (Facebooks end-to-end encrypted platform), and this frustrated police investigations.

But does Facebooks initiative place the company between a political rock and an ethical hard place?

End-to-end encryption is a method of communicating more securely, compared to non-encrypted communications.

It involves using encryption (via cryptographic keys) that excludes third parties from accessing content shared between communicating users.

When the sender wants to communicate with the receiver, they share a unique algorithmic key to decrypt the message. No one else can access it, not even the service provider.

Read more: Social media and crime: the good, the bad and the ugly

Facebooks plan to enact this change is paradoxical, considering the company has a history of harvesting user data and selling it to third parties.

Now, it supposedly wants to protect the privacy of the same users.

One possible reason Facebook is pushing for this development is because it will solve many of its legal woes.

With end-to-end encryption, the company will no longer have backdoor access to users messages.

Thus, it wont be forced to comply with requests from law enforcement agencies to access data. And even if police were able to get hold of the data, they would still need the key required to read the messages.

Only users would have the ability to share the key (or messages) with law enforcement.

Implementing end-to-end encryption will positively impact Facebook users privacy, as their messages will be protected from eavesdropping.

This means Facebook, law enforcement agencies and hackers will find it harder to intercept any communication done through the platform.

And although end-to-end encryption is arguably not necessary for most everyday conversations, it does have advantages, including:

1) protecting users personal and financial information, such as transactions on Facebook Marketplace

2) increasing trust and cooperation between users

3) preventing criminals eavesdropping on individuals to harvest their information, which can render them victim to stalking, scamming and romance frauds

4) allowing those with sensitive medical, political or sexual information to be able to share it with others online

5) enabling journalists and intelligence agencies to communicate privately with sources.

However, even though end-to-end encryption will increase users privacy in certain situations, it may still not be enough to make conversations completely safe.

Read more: End-to-end encryption isn't enough security for 'real people'

This is because the biggest threat to eavesdropping is the very act of using a device.

End-to-end encryption doesnt guarantee the people we are talking to online are who they say they are.

Also, while cryptographic algorithms are hard to crack, third parties can still obtain the key to open the message. For example, this can be done by using apps to take screenshots of a conversation, and sending them to third parties.

When Facebook messages become end-to-end encrypted, it will be harder to detect criminals, including people who use the platform to commit scams and launch malware.

Others use Facebook for human or sex trafficking, as well as child grooming and exploitation.

Facebook Messenger can also help criminals organise themselves, as well as plan and carry out crimes, including terror attacks and cyber-enabled fraud extortion hacks.

The unfortunate trade-off in increasing user privacy is reducing the capacity for surveillance and national security efforts.

Read more: Can photos on social media lead to mistaken identity in court cases?

End-to-end encryption on Facebook would also increase criminals feeling of security.

However, although tech companies cant deny the risk of having their technologies exploited for illegal purposes they also dont have a complete duty to keep a particular countrys cyberspace safe.

A potential solution to the dilemma can be found in various critiques of the UKs 2016 Investigatory Powers Act.

It proposes that, on certain occasions, a communications service provider may be asked to remove encryption (where possible).

However, this power must come from an authority that can be held accountable in court for its actions, and this should be used as a last resort.

In doing so, encryption will increase user privacy without allowing total privacy, which carries harmful consequences.

So far, several governments have pushed back against Facebooks encryption plans, fearing it will place the company and its users beyond their reach, and make it more difficult to catch criminals.

End-to-end encryption is perceived as a bulwark for surveillance by third parties and governments, despite other ways of intercepting communications.

Many also agree surveillance is not only invasive, but also prone to abuse by governments and third parties.

Freedom from invasive surveillance also facilitates freedom of expression, opinion and privacy, as observed by the United Nations High Commissioner for Human Rights.

In a world where debate is polarised by social media, Facebook and similar platforms are caught amid the politics of security.

Its hard to say how a perfect balance can be achieved in such a multifactorial dilemma.

Either way, the decision is a political one, and governments - as opposed to tech companies - should ultimately be responsible for such decisions.

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Facebook's push for end-to-end encryption is good news for user privacy, as well as terrorists and paedophiles - The Conversation AU

Facebook’s end-to-end encryption will enhance user privacy but its not good news for law enforcement – Firstpost

The ConversationDec 16, 2019 16:16:27 IST

Facebook isplanning end-to-end encryption on all its messaging servicesto increase privacy levels. The tech giant startedexperimentingwith thisearlier this year. Soon, end-to-end encryption will be standard for every Facebook message.

But Australian, British and United States governments andlawmakersarenthappy about it. They fear it will make it impossible to recover criminal conversations from Facebooks platforms, thus offering impunity to offenders.

For instance, this was a major concern followingthe 2017 London terror attacks. Attackers used WhatsApp (Facebooks end-to-end encrypted platform), and this frustrated police investigations.

Image: Reuters

But does Facebooks initiative place the company between a political rock and an ethical hard place?

(Also read:Facebook to encrypt conversations on more of its messaging services: Mark Zuckerberg)

End-to-end encryptionis a method of communicating more securely, compared to non-encrypted communications. It involves using encryption (via cryptographic keys) that excludes third parties from accessing content shared between communicating users.

When the sender wants to communicate with the receiver, they share a uniquealgorithmic key to decryptthe message. No one else can access it, not even the service provider.

Facebooks plan toenact this change is paradoxical, considering the company has a history ofharvesting user dataandselling it to third parties. Now, it supposedly wants to protect the privacy of the same users.

One possible reason Facebook is pushing for this development is because it will solve many ofits legal woes. With end-to-end encryption, the company will no longer havebackdooraccess to users messages.

Thus, it wont be forced to comply with requests from law enforcement agencies to access data. And even if police were able to get hold of the data, they would still need the key required to read the messages.

Only users would have the ability to share the key (or messages) with law enforcement.

(Also read: Facebook is requested not to use encrypted messages as it does not let officials peek)

Implementing end-to-end encryption will positively impact Facebook users privacy, as their messages will be protected from eavesdropping. This means Facebook, law enforcement agencies and hackers will find it harder to intercept any communication done through the platform.

And although end-to-end encryption is arguably not necessary for most everyday conversations, it does haveadvantages, including:

1) protecting users personal and financial information, such as transactions on Facebooku Marketplace

2) increasing trust and cooperation between users

3) preventing criminals eavesdropping on individuals to harvest their information, which can render them victim tostalking, scamming and romance frauds

4) allowing those with sensitive medical, political or sexual information to be able to share it with others online

5) enabling journalists and intelligence agencies to communicate privately with sources.

(Also read:Facebooks end-to-end encryption could come to an end as us, UK fight child abuse and terrorism)

However, even though end-to-end encryption will increase users privacy in certain situations, it may still not be enough to make conversations completely safe.

This is because the biggest threat to eavesdropping is the very act of using a device.

End-to-end encryption doesntguaranteethe people we are talking to online are who they say they are.

Also, while cryptographic algorithms are hard to crack, third parties can stillobtain the key to open the message. For example, this can be done by using apps totake screenshotsof a conversation, and sending them to third parties.

When Facebook messages become end-to-end encrypted, it will beharder to detect criminals, including people who use the platform to commitscamsand launchmalware.

Others use Facebookfor humanor sex trafficking, as well aschild groomingandexploitation. Facebook Messenger can also helpcriminals organise themselves, as well as plan and carry out crimes, including terror attacks and cyber-enabled fraud extortion hacks.

The unfortunatetrade-offinincreasing user privacyis reducing the capacity for surveillance and national security efforts. End-to-end encryption on Facebook would also increase criminals feeling ofsecurity.

However, although tech companies cant deny the risk of having their technologies exploited for illegal purposes they also dont have acomplete duty to keep a particular countrys cyberspace safe.

A potential solution to the dilemma can be found in variouscritiquesof theUKs 2016 Investigatory Powers Act. It proposes that, on certain occasions, a communications service provider may be asked to remove encryption (where possible). However, this power must come from an authority thatcan be held accountablein court for its actions, and this should be used as a last resort.

In doing so, encryption will increase user privacy without allowing total privacy, which carriesharmful consequences. So far, several governments have pushed back against Facebooks encryption plans, fearing it will placethe company and its users beyond their reach, and make it more difficult tocatch criminals.

End-to-end encryption is perceived as a bulwark for surveillance by third parties and governments, despiteother ways of intercepting communications. Many also agree surveillance is not onlyinvasive, but also prone to abuseby governments and third parties.

Freedom from invasive surveillance alsofacilitates freedom of expression, opinion and privacy, as observed by the United Nations High Commissioner for Human Rights. In a world where debate is polarised by social media, Facebook and similar platforms are caught amid the politics of security. Its hard to say how a perfect balance can be achieved in such a multifactorial dilemma. Either way, the decision is a political one, and governments as opposed to tech companies should ultimately be responsible for such decisions.

Roberto Musotto, Cyber Security Cooperative Research Centre Postdoctoral Fellow, Edith Cowan UniversityDavid S. Wall, Professor of Criminology, University of Leeds

This article is republished fromThe Conversationunder a Creative Commons license. Read theoriginal article.

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

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Facebook's end-to-end encryption will enhance user privacy but its not good news for law enforcement - Firstpost

US Government steps up fight on Apple and Facebook’s use of encryption – Stuff.co.nz

OPINION: The technology and privacy debate has just taken a turn for the worse, with US Senator Lindsey Graham directing some colourful threats towards Apple and Facebook during a Senate Judiciary Committee hearing this week.

"This time next year, if we haven't found a way that you can live with, we will impose our will on you."

"You're going to find a way to do this or we're going to go do it for you."

Those are just two of the explosive threats Graham made, referring to the two companies' use of end-to-end encryption on their platforms.

READ MORE:* Republicans back US Attorney General William Barr at extraordinary hearing* US Democrats subpoena uncensored Mueller report, some in party calling for Trump impeachment* A redacted version of the Mueller report could be released by mid-April

Graham's comments followed a tone set by US Attorney General William P. Barr, who on Monday said that dealing with how big tech used encryption was one of the Justice Department's "highest priorities."

Barr claimed that cartels and child pornographers used the feature to hide their criminal activities, saying the companies' message to customers was "no matter what you do, you're completely impervious to government surveillance". "Do we want to live in a society like that? I don't think we do."

From a technical point-of-view, he's not wrong. That makes the row over encryption, from a law-maker and law-enforcement point of view, a maddening one. Big tech companies like the two mentioned above are, in some scenarios, actively (but inadvertently) preventing governments from doing their jobs as effectively as they could do.

J SCOTT APPLEWHITE/AP

US Senator Lindsey Graham has warned tech companies that official action will be taken if they can't come up with a solution.

In a rare display of cross-party unity, both Democrats and Republicans argued that Apple and Facebook's use of encryption was getting in the way of justice.

Graham even went as far as to say "We're not going to live in a world where a bunch of child abusers have a safe haven to practice their craft. Period. End of discussion."

Strong stuff. But the Senator's colourful words don't tell the whole story.

End-to-end encryption isn't there to prevent justice from being served. It's just one of the unfortunate byproducts as we found out when Apple refused to grant the FBI backdoor access to the San Bernardino mass shooter's iPhone back in 2015.

Apple's message at the time was a sensible one: "Up to this point, we have done everything that is both within our power and within the law to help them. But now the US government has asked us for something we simply do not have, and something we consider too dangerous to create. They have asked us to build a backdoor to the iPhone."

In plain English, this means Apple couldn't provide the FBI with a one-time backdoor to the shooter's iPhone. The only way Apple could deliver this, as I understand it, would be to roll out a software update to all iPhone users. That would provide the FBI with a backdoor to all iPhones.

My view on this is similar to Apple and Facebook's. Encryption is there to offer us, the user, one of our basic human rights, privacy. It's a widely-used, and pretty basic, piece of technology that allows personal messages to remain how they were intended. Personal.

Apple's user privacy manager, Erik Neuenschwander, put across an eloquent argument for encryption when he said: "We've been unable to identify any way to create a back door that would work only for the good guys."

Likewise, WhatsApp head Will Cathcart and Messenger head Stan Chudnovsky put the argument against encryption across eloquently with a written testimony that read: "The 'backdoor' access you are demanding for law enforcement would be a gift to criminals, hackers and repressive regimesThat is not something we are prepared to do."

But there was a definite lack of unity when the two tech giants offered possible solutions for the problem.

With Facebook's Sullivan suggesting that "on-device scanning" could be a viable option, Apple's Neuenschwander said, "We don't have forums for strangers to contact each other ... and our business doesn't have us scanning material of our users to build profiles of them."

What's going to happen now? Nothing. Not in the immediate future anyway. The next significant step will likely come as William Barr hopes to have his Justice Department investigations of the big tech platforms - Facebook, Google, Amazon and Apple - completed next year.

Whatever is eventually decided in the US will, no doubt, have repercussions throughout the rest of the world.

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US Government steps up fight on Apple and Facebook's use of encryption - Stuff.co.nz

Michael Hayden Ran The NSA And CIA: Now Warns That Encryption Backdoors Will Harm American Security & Tech Leadership – Techdirt

from the good-for-him dept

There are very few things in life that former NSA and CIA director Michael Hayden and I agree on. For years, he was a leading government champion for trashing the 4th Amendment and conducting widespread surveillance on Americans. He supported the CIA's torture program and (ridiculously) complained that having the US government publicly reckon with that torture program would help terrorists.

But, there is one thing that he and I agree on: putting backdoors into encryption is a horrible, dreadful, terrible idea. He surprised many people by first saying this five years ago, and he's repeated it a bunch since then -- including in a recent Bloomberg piece, entitled: Encryption Backdoors Won't Stop Crime But Will Hurt U.S. Tech. In it, he makes two great points. First, backdooring encryption will make Americans much less safe:

We must also consider how foreign governments could master and exploit built-in encryption vulnerabilities. What would Chinese, Russian and Saudi authorities do with the encrypted-data access that U.S. authorities would compel technology companies to create? How might this affect activists and journalists in those countries? Would U.S. technology companies suffer the fate of some of their Australian counterparts, which saw foreign customers abandon them after Australia passed its own encryption-busting law?

Separately, he points out that backdooring encryption won't even help law enforcement do what it thinks it wants to do with backdoors:

Proposals that law-enforcement agencies be given backdoor access to encrypted data are unlikely to achieve their goals, because even if Congress compels tech firms to comply, it will have no impact on encryption technologies offered by foreign companies or the open-source community. Users will simply migrate to privacy offerings from providers who are not following U.S. mandates.

Indeed, this is the pattern we have seen in Hong Kong over the last six months, where pro-democracy protesters have moved from domestic services to encrypted messaging platforms such as Telegram and Bridgefy, beyond the reach of Chinese authorities. Unless Washington is willing to embrace authoritarian tactics, it is difficult to see how extraordinary-access policies will prevent motivated criminals (and security-minded citizens) from simply adopting uncompromised services from abroad.

None of this is new, but it's at least good to see the former head of various intelligence agencies highlighting these points. At this point, we've seen intelligence agencies highlight the value of encryption, Homeland Security highlight the importance of encryption, the Defense Department highlight the importance of encryption. The only ones still pushing for breaking encryption are a few law enforcement groups and their fans in Congress.

Filed Under: backdoors, encryption, michael hayden

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Michael Hayden Ran The NSA And CIA: Now Warns That Encryption Backdoors Will Harm American Security & Tech Leadership - Techdirt

Private information at risk from laws allowing access encrypted data – RNZ

A study has found laws which allow governments to access companies' encrypted data are putting private information at risk.

Law enforcement can ask companies to give them access to encrypted data under the Search and Surveillance Act, and that could be misused, an expert says. Photo: Unsplash / Markus Spiske

That's one of the findings from the University of Waikato and New Zealand Law Foundation's study, A matter of security, privacy and trust: A study of the principles and values of encryption in New Zealand.

Lead investigator, University of Waikato legal professor Dr Michael Dizon, said law enforcement could ask companies to give them access to encrypted data under the Search and Surveillance Act, and that could be misused.

"There is something in the law that allows governments to ask any service provider, including your bank, including Facebook, to render reasonable assistance for them to access, to let's say, a criminal's account but the problem there is, it's not very clear what reasonable assistance means, and that becomes a really big problem because they can overstep their bounds."

The study also cited a case in the US where the FBI sought a court order to gain access to a shooter's locked iPhone, after Apple refused to comply on the grounds it would endanger the privacy and security of all its users.

Dizon was concerned that governments could ask companies to create weaknesses in their security systems, such as encrypted internet banking, so they could access the information of terrorists or criminals.

"If you create a backdoor or a weakness in one system, it can be exploited, not just by the police but any other person that can access it so it can be abused by criminals, by malicious state actors - say somebody from another country that has nefarious motives - so the point is there, if there is a weakness, anyone can exploit it," Dizon said.

The researchers recommended that people suspected or charged with a crime should not be forced to disclose their passwords.

They also recommended that companies should only provide information to police or law enforcement authorities if it does not undermine the information security of its products, services and the privacy of its clients.

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Private information at risk from laws allowing access encrypted data - RNZ

What was the top cryptocurrency of 2019? – Yahoo Finance

The past 12 months have proved to be a roller-coaster year for the cryptocurrency market.

Major hacks, an exchange flash crash, the launch of Bitcoin futures, and crypto discussions among global regulators saw some coins surge in value while others floundered.

Ripple (XRP), for instance, which has struggled ever since the 2018 market crash, is currently trading at 0.17 a drop of 37% since the start of the year. The majority of altcoins have struggled to gain any traction and have been on a downward trajectory since the spring.

In contrast, while Bitcoin has seen its fair share of highs and lows, it has been a largely positive year for the markets king coin making Bitcoin the top cryptocurrency of 2019.

Bitcoin highs

Bitcoin started 2019 on a fairly muted note, trading at just 2,837. In April, however, things started to take off and the coin enjoyed a strong rally that saw its price hit nearly 10,000 in June.

There was no one specific catalyst for Bitcoins jump in the summer, but some industry onlookers highlighted increased appetite for Bitcoin following the launch of crypto ventures by institutional investors.

In the second half of the year, Bitcoins price started to drop and, in November, it fell by more than 10% in just one day when a market crash wiped billions from the value of several major cryptocurrencies.

Despite this, Bitcoin is currently trading at 5,554, which represents an impressive gain of 96% since the start of the year. In other words, Bitcoin almost doubled in value in the space of 12 months, which is a remarkable feat given the markets volatility.

Major milestones

It isnt just Bitcoins price growth that makes it the top cryptocurrency of 2019. Bitcoin has also celebrated some major milestones, which have helped to drive positive sentiment towards Bitcoin and the cryptocurrency market generally.

In April, the 400 millionth transaction was recorded by Bitcoins public blockchain. And in October, the 18 millionth Bitcoin was mined, leaving only three million BTC remaining out of the hard-capped 21 million BTC supply.

2019 also saw the official launch of Bakkt, a Bitcoin futures platform, which finally took place in September after several delays. Within 48 hours of the announcement, Bitcoin surged by more than 10%.

It is hoped the worlds first Bitcoin futures platform will bring liquidity to the market and help to drive further adoption of Bitcoin among the financial sector.

Alongside these developments, Bitcoins adoption has continued with major financial institutions, technology firms, and other corporations around the world increasingly acknowledging its value and potential.

For consumers, its now possible to pay for items using Bitcoin at some online stores, buy real estate, and gamble at an online casino.

Looking ahead

Many analysts think Bitcoin is set for further positive developments in 2020. Silk Road founder Ross Ulbricht, for instance, has said the Bitcoin charts sent to him in prison show the price could hit $100,000 in 2020 based on the Elliott Wave Theory.

Peter Brandt and cybersecurity developer John McAfee also think Bitcoin could see significant growth during 2020.

Ignore this drop in Bitcoins price. I am firmly with Peter Brandt in his medium term $50k price prediction, McAfee tweeted.

I am also firm on my $1 [million] price by the end of 2020. Stop wringing your hands!

An important event that could propel the price of Bitcoin is the next halving event. Due to take place in May 2020, this will reduce the reward for mining new blocks by half. Since a halving event limits the supply of new coins, prices could rise if demand remains strong.

According to Charles Hwang, managing member of the hedge fund Lightning Capital, the next halving could boost the Bitcoin price to between $20,000 and $50,000 in the future.

His projection is based on the assumption that demand holds steady at 633,000 Bitcoin through 2021, while mining rewards drop to 328,500 Bitcoin a year from the current 657,000 a year.

This sudden shift in the supply curve will most likely be the catalyst for the next Bitcoin bull run, Hwang said.

German bank BayernLB, meanwhile, has predicted that the 2020 halving could drive the Bitcoin price as high as $90,000.

No one really knows what will happen to the Bitcoin price in 2020, but after a relatively successful 2019, things are looking positive for the markets king coin.

The post What was the top cryptocurrency of 2019? appeared first on Coin Rivet.

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What was the top cryptocurrency of 2019? - Yahoo Finance

Moonday Morning: Buterin says Ethereum Foundation made $100M by dumping Ether at the top – The Next Web

Hello and welcome to yet another Monday and with that, another Moonday Morning Hard Forks selection of the top cryptocurrency and blockchain headlines from the past weekend.

Heres what weve found.

1.Vitalik Buterin, the co-founder of Ethereum, ETH has said the Ethereum Foundation made approximately $100 million after selling Ether during the cryptocurrencys last all-time high, which saw it trade close around the $1,400 mark,CryptoGlobe reports.

Buterin made the comments on apodcastwith Eric Weinstein, Thiel Capitals managing director.

I did get the Ethereum Foundation to sell 70,000 ETH like basically at the top and thats doubled our runway now, so it was one good decision that had a lot of impact, Buterin added.

2. The QuadrigaCX saga continues. Lawyers representing users of the defunctcryptocurrency exchange have asked Canadian authorities to exhume the founders body based on questionable circumstances surrounding his sudden death, according to the BBC.

Geral Cotten passed away last year from complications relating to Chrons disease. Its been claimed that the founder was the only person who had thepasswords to cryptocurrency wallets containing $137 million of users funds.

3. TheRiksbank,Swedens central bank, has asked Accenture to handle the development of itsdigital currency pilot.

According to a press releaseissued last Friday, Accenture will take care of e-kronas consumer-facing features and test them with simulated stores.

But dont get too excited, because the countrys central bank is yet to commit to issuing an e-krona.

4. In other news, several cryptocurrency startups are closing down due to regulatory pressure from the European Union (EU), the Block reports.

UK-based cryptocurrency payments startup Bottle Pay said on Friday that it would cease operating on December 31, citing concerns over EUs 5th Anti-Money-Laundering-Directive, which is due to take effect on January 10.

Cryptocurrency mining pool Simplecoin and Bitcoin gaming platform Chopcoin also announced their decision to shut down this morning, claiming the decision was also due to the incoming piece of legislation.

5. And last, but by no means least, A unit of ByteDance, the owner of video-sharing platform TikTok, has entered into a joint venture with a state-owned Chinese media group to develop business lines, including blockchain and artificial intelligence.

The joint venture will focus on partnership in the digital rights of short videos, a ByteDance spokeswoman told Reuters.

Bloomberg says that ByteDances unit will own 49 percent of the new firm which has a registered capital of $1.4 million (10 million yuan) andShanghai Dongfang Newspaper Co will control the rest.

Well, there you have it: another exciting weekend in the cryptocurrency and blockchain world. Now, go and get on with the rest of your day.

Published December 16, 2019 11:29 UTC

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Moonday Morning: Buterin says Ethereum Foundation made $100M by dumping Ether at the top - The Next Web

Investors who lost 170m demand exhumation of cryptocurrency mogul – The Irish Times

Lawyers for customers of an insolvent cryptocurrency exchange have asked police to exhume the body of the companys founder, amid efforts to recover about $190 million (170.5 million) in Bitcoin which were locked in an online black hole after his death.

Miller Thomson LLP sent a letter to the Royal Canadian Mounted Police on Friday, requesting authorities conduct an exhumation and postmortem autopsy on the body of Gerald Cotten, founder of QuadrigaCX, citing what the firm called the questionable circumstances around his death earlier this year.

Citing decomposition concerns, lawyers requested the exhumation be completed no later than spring 2020.

Gerald Cotten (30) died abruptly in December 2018 of complications relating to Crohns disease while on honeymoon in Jaipur, India, with his wife, Jennifer Robertson. His body was repatriated to Canada and a funeral was held in Halifax, Nova Scotia.

Soon after his death, however, reports surfaced that nearly 80,000 users of QuadrigaCX - at the time Canadas largest cryptocurrency exchange - were unable to access funds totalling more $190 million.

Cotten was the only one with access to necessary permissions. While Robertson has possession of the laptop containing the necessary passwords, she remains locked out.

The laptop computer from which Gerry carried out the companies business is encrypted and I do not know the password or recovery key. Despite repeated and diligent searches, I have not been able to find them written down anywhere, she said in court filings.

Uncertainty about the missing funds has fuelled speculation that Cotten may still be alive. In their letter to the RCMP the law firm underlined the need for certainty around the question of whether Mr Cotten is in fact deceased.

The accounting firm Ernst & Young, tasked with auditing the company as it undergoes bankruptcy proceedings, discovered numerous money-losing trades executed by Cotten, using customers funds.

They also found a substantial amount of money was used to fund a lavish lifestyle for the couple, including the use of private jets and luxury vehicles. Ernst & Young was able to recover $24 million in cash and $9 million in assets held by Robertson.

Both Canadas tax authorities and the FBI are also investigating the company.

Guardian News and Media 2019

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Investors who lost 170m demand exhumation of cryptocurrency mogul - The Irish Times

Cryptocurrency Exchange Coincheck to Halt Leveraged Trading in Q1 2020 – Cointelegraph

Japanese cryptocurrency exchange Coincheck has abruptly decided to cancel leveraged trading just months after relaunching the tool.

In a blog post on Dec. 16, the platform said it had already stopped users from creating new leveraged positions.

Traders with open positions must settle by Mar. 13, 2020, and balance transfers should complete by the end of the month.

Coincheck has decided to end the leverage transaction service on Friday, March 13, 2020, the blog post confirmed. Coincheck added:

If you have a current position, we would like to ask you to settle all positions by the deadline and transfer the Japanese yen balance in Coincheck's leverage account to your trading account.

Officials did not give a reason for the move, which comes around six weeks since leveraged trading reappeared after a one-month absence.

In August, Coincheck reduced the scope of available leverage by 20%. At the time, the exchange said it was following guidelines from Japans self-regulatory cryptocurrency exchange body, the Japan Virtual Currency Exchange Association, or JVCEA.

More broadly, criticism has taken aim at margin trading offered by cryptocurrency exchanges in recent months. Specifically, analysts have linked the tool to increased volatility in Bitcoin (BTC) markets.

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Cryptocurrency Exchange Coincheck to Halt Leveraged Trading in Q1 2020 - Cointelegraph

12 Everyday Applications Of Artificial Intelligence Many People Aren’t Aware Of – Forbes

By now, almost everyone knows a little bit about artificial intelligence, but most people arent tech experts, and many may not be aware of just how big an impact AI has. The truth is most consumers interact with technology incorporating AI every day. From the searches we perform in Google to the advertisements we see on social media, AI is an ever-present feature of our lives.

To help nonspecialists grasp the degree to which AI has been woven into the fabric of modern society, 12 experts from Forbes Technology Council detail some applications of AI that many may not be aware of.

1. Offering Better Customer Service

Calling customer service used to be as exciting as seeing a dentist. AI has changed that: You no longer have to repeat the same information countless times to different call center agents. Brands are able to tap into insights on all their previous interactions with you. Data analytics and AI help brands anticipate what their customers want and deliver more intelligent customer experiences. - Song Bac Toh, Tata Communications

2. Personalizing The Shopping Experience

Every time you shop online at an e-commerce site, as soon as you start clicking on a product the site starts to provide personalized recommendations of relevant products. Nowadays most of these applications use some form of AI algorithms (reinforced learning and others) to come up with such results. The experience is so transparent most shoppers dont even realize its AI. - Brian Sathianathan, Iterate.ai

3. Making Recruiting More Efficient

Next time you go to look for a new job, write your rsum for a computer, not a recruiter. AI is aggregating the talent pool, slimming the selection to a shortlist and ranking matches based on skills and qualifications. AI has thoroughly reviewed your rsum and application through machine learning before a human ever gets to look at them. - Tammy Cohen, InfoMart Inc.

4. Keeping Internet Services Running Smoothly

Consumers have come to expect their favorite apps and services to run smoothly, and AI makes that possible. AI does what humans cannot: It monitors apps, identifies problems and helps humans resolve them in a fraction of the time it would take manually. AI has the ability to spot patterns at scale in monitored data with the goal of having service interruptions solved before customers even notice. - Phil Tee, Moogsoft

5. Protecting Your Finances

For credit card companies and banks, AIs incredible ability to analyze massive amounts of data has become indispensable behind the scenes. These financial institutions leverage machine learning algorithms to identify potential fraudulent activity in your accounts and get ahead of any resulting detrimental effects. Every day, this saves people from tons of agony and headaches. - Marc Fischer, Dogtown Media LLC

6. Enhancing Vehicle Safety

Even if you dont have a self-driving vehicle, your car uses artificial intelligence. Lane-departure warnings notify a driver if the car has drifted out of its lane. Adaptive cruise control ensures that the car maintains a safe distance while cruising. Automated emergency braking senses when a collision is about to happen and applies the brakes faster than the driver can. - Amy Czuchlewski, Bottle Rocket

7. Converting Handwritten Text To Machine-Readable Code

The post office has tech called optical character recognition that converts handwritten text to machine-readable code. Reading handwriting requires human intelligence, but there are machines that can do it, too! Fun fact: This technology was invented in 1914 (yes, you read that right!). So, we experience forms of AI all the time. Its just a lot trendier now to call it AI. - Parry Malm, Phrasee

8. Improving Agriculture Worldwide

Most people dont think of AI when they eat a meal, but AI is improving agriculture worldwide. Some examples: satellites scanning farm fields to monitor crop and soil health; machine learning models that track and predict environmental impacts, like droughts; and big data to differentiate between plants and weeds for pesticide control. Thank AI for the higher crop yields. - John McDonald, ClearObject

9. Helping Humanitarian Efforts

While we often hear about AI going wrong, its doing good things, like guiding humanitarian aid, supporting conservation efforts and helping local government agencies fight droughts. AI always seems to get painted as some sci-fi type of endeavor when really its already the framework of many things going on around us all the time. - Alyssa Simpson Rochwerger, Figure Eight

10. Keeping Security Companies Safe From Cyberattacks

AI has become the main way that security companies keep us safe from cyber attacks. Deep learning models run against billions of events each day, identifying threats in ways that were simply unimaginable five years ago. Unfortunately, the bad actors also have access to AI tools, so the cat-and-mouse game continues. - Paul Lipman, BullGuard

11. Improving Video Surveillance Capabilities

In cities, along highways and in neighborhoods, video cameras are proliferating. Federal, state and/or local authorities deploy these devices to monitor traffic and security. In the background, AI-related technologies that include object and facial recognition technologies underpinned by machine and deep learning capabilities speed problem identification, reducing crime and mitigating traffic. - Michael Gurau, Kaiser Associates, Inc.

12. Altering Our Trust In Information

AI will change how we learn and the level of trust we place in information. Deepfakes and the ability to create realistic videos, pictures, text, speech and other forms of communication on which we have long relied to convey information will give rise to concerns about the foundational facts used to inform decision-making in every aspect of life. - Mike Fong, Privoro

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12 Everyday Applications Of Artificial Intelligence Many People Aren't Aware Of - Forbes