Scientists are using machine learning algos to draw maps of 10 billion cells from the human body to fight cancer – The Register

AI algorithms are helping scientists map ten billion cells from the human body in an attempt to unlock the mysteries of how life emerges from the embryo, or how diseases like cancer manifest.

Dana Peer, the current chair and professor in computational and systems biology at the Memorial Sloan Kettering Cancer Center, a research lab focused cancer treatment in New York, described machine learning as a toolbox for building the Human Cell Atlas. The project aims to turn data from billions of tissue sample cells into 3D maps so scientists can visualize our bodies down at the smallest units.

Life develops from a single embryo. How does that initial cell go on to produce nearly 40 trillion cells to form a human body that is able to move and think?

The process can be largely described by cell differentiation, where a stem cell morphs into a specialized unit that carries out a vital function for a particular organ. Genetic information stored in DNA and encoded into every cell carries instructions on how to build different cell types for the body.

Although scientists broadly understand the process, theyre still perplexed at how it works down at the cellular level.

Cells are like tiny computers that get input from their environment, signals [and nutrients] from other cells, Peer said on stage during the Conference on Neural Information Processing Systems in Vancouver on Tuesday.

They have all sorts of proteins that are their processing devices. They make decisions, they interact with each other due to their biochemistry and molecular biology, and decide whether theyre going to proliferate, make more copies of themselves, differentiate, enter a new cell type, activate, or release some molecule to talk with another cell. Theyre really like little computers and we want to know how they work.

The problem with studying cells is, however, the sheer amount of data they produce. The genetic code describing the RNA in cells from one tissue sample is represented as a series of numbers in a giant matrix. At first glance these matrices dont make much sense but they can be turned into 3D maps with the help of AI algorithms.

Common machine learning techniques and models like t-SNE, k-nearest neighbors, Markov chains, or even deep learning have allowed biologists to visualize the behavior of cells. The jumbled stream of numbers describing a cell can now be represented as a clear graph that clusters the data by cell type and function.

Scientists have managed to trace the source of acute lymphoblastic leukemia, the most common cancer in children, to a rare cell type that only crops up in seven out of 10,000 cells. Peer described how data visualization has also allowed researchers to discover how a single mutation in a pancreatic cell can lead to cancer.

The mutation tricks the immune system and it can no longer defend our bodies against cancer. All the knowledge gleaned from these visualizations can help scientists develop new drugs and methods that target diseases like cancer and speed up the process of clinical trials.

Peer hopes that by building the Human Cell Atlas, itll serve as a healthy reference for mapping disease. She called it a candy land playground for biologists. But although machine learning algorithms have already had a huge impact, the techniques are more successful in modelling common patterns in data rather than highlighting any anomalous behaviors.

Our goal is not to predict but understand, and in biology, the outlier is often the most important.

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Scientists are using machine learning algos to draw maps of 10 billion cells from the human body to fight cancer - The Register

The NFL And Amazon Want To Transform Player Health Through Machine Learning – Forbes

The NFL and Amazon announced an expansion of their partnership at their annual AWS re:Invent ... [+] conference in Las Vegas that will use artificial intelligence and machine learning to combat player injuries. (Photo by Michael Zagaris/San Francisco 49ers/Getty Images)

Injury prevention in sports is one of the most important issues facing a number of leagues. This is particularly true in the NFL, due to the brutal nature of that punishing sport, which leaves many players sidelined at some point during the season. A number of startups are utilizing technology to address football injury issues, specifically limiting the incidence of concussions. Now, one of the largest companies in the world is working with the league in these efforts.

A week after partnering with the Seattle Seahawks on its machine learning/artificial intelligence offerings, Amazon announced a partnership Thursday in which the technology giant will use those same tools to combat football injuries. Amazon has been involved with the league, with its Next Gen Stats partnership, and now the two companies will work to advance player health and safety as the sport moves forward after its 100th season this year. Amazons AWS cloud services will use its software to analyze large volumes of player health data the league is already collecting. It will also scan video images with the objective of helping teams treat injuries and rehabilitate players more effectively. The larger goal will be to create a new Digital Athlete platform to anticipate injury before it even takes place.

This partnership expands the quickly growing relationship between the NFL and Amazon/AWS. as the two have already teamed up for two years with the leagues Thursday Night Football games streamed on the companys Amazon Prime Video platform. Amazon paid $130 million for rights that run through next season. The league also uses AWSs ML Solutions Lab,as well as Amazons SageMaker platform, that enables data scientists and developers to build and develop machine learning models that can also lead to the leagues ultimate goal of predicting and limiting player injury.

The NFL is committed to re-imagining the future of football, said NFL Commissioner Roger Goodell. When we apply next-generation technology to advance player health and safety, everyone wins from players to clubs to fans. The outcomes of our collaboration with AWS and what we will learn about the human body and how injuries happen could reach far beyond football. As we look ahead to our next 100 seasons, were proud to partner with AWS in that endeavor.

The new initiative was announced as part of Amazons AWS re:Invent conference in Las Vegas on Thursday. Among the technologies that AWS and the league announced in its Digital Athlete platform is a computer-simulated model of an NFL player that will model infinite scenarios within NFL gameplay in order to identify a game environment that limits the risk to a player. Digital Athlete uses Amazons full arsenal of technologies, including the AI, ML and computer vision technology that is used with Amazons Rekognition tool and that uses enormous data sets encompassing historical and more modern video to identify a wide variety of solutions, including the prediction of player injury.

By leveraging the breadth and depth of AWS services, the NFL is growing its leadership position in driving innovation and improvements in health and player safety, which is good news not only for NFL players but also for athletes everywhere, said Andy Jassy, CEO of AWS. This partnership represents an opportunity for the NFL and AWS to develop new approaches and advanced tools to prevent injury, both in and potentially beyond football.

These announcements come at a time when more NFL players are utilizing their large platforms to bring awareness to injuries and the enormous impact those injuries have on their bodies. Former New England Patriots tight end Rob Gronkowski has been one of the most productive NFL players at his position in league history but he had to retire from the league this year, at the age of 29, due to a rash of injuries.

The future Hall of Fame player estimated that he suffered probably 20 concussions in his football career. These admissions have significant consequences on youth participation rates in the sport. Partnerships like the one announced yesterday will need to be successful in order for the sport to remain on solid footing heading into the new decade.

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The NFL And Amazon Want To Transform Player Health Through Machine Learning - Forbes

Deutsche Banks Massive Multi-Trillion Dollar By 2030 …

Bitcoin and cryptocurrencies have been written off by many as nothing more than a flash-in-the-pan fad, riddled with scams and criminals.

The bitcoin price, which looks set to close the year at twice its January price, has remained highly volatilewhile sluggish bitcoin adoption continues to worry those in the crypto industry.

Now, amid warnings that the "fragile" fiat currency system will be put under strain in years ahead, Germany's troubled Deutsche Bank has asked, "will fiat currencies survive," in what it calls the "multi-trillion dollar (or bitcoin) question."

Could bitcoin take over the world by 2030? Deutsche Bank analysts think it's not outside the realms ... [+] of possibility.

"The forces that have held the current fiat system together now look fragile and they could unravel in the 2020s," Deutsche Bank strategist Jim Reid wrote in a report looking at 24 alternative ideas for the next 10 years.

"If so, that will start to lead to a backlash against fiat money and demand for alternative currencies, such as gold or crypto could soar. The demand for alternative currencies will therefore likely be significantly higher by the time 2030 rolls around."

The report blamed "decades of low labor costs" and inflation for weakening the fiat system and comes after a year that's seen the bitcoin price boosted by social media giant Facebook's plans to launch its own private cryptocurrency, dubbed libra, and countries from China to the European Union begin to explore how to create digital currencies of their own.

Central banks are still struggling to offset the effects of the global financial crisis that birthed bitcoin, with worries another so-far-unidentified crisis could be looming on the horizon.

"Will fiat currencies survive the policy dilemma that authorities will experience as they try to balance higher yields with record levels of debt," Reid asked. "Thats the multi-trillion dollar (or bitcoin) question for the decade ahead."

Bitcoin is often touted as an antidote to the central bank, debt-based monetary system, picking up the moniker "digital gold" for its built in scarcity. There will only ever be 21 million bitcoin, with the supply drying up in the distant year of 2140.

Reid's comments put him at odds with outgoing European Central Bank executive board member Benot Cur, who last year described bitcoin as "the evil spawn of the financial crisis," and has outlined plans for a European "central bank digital currency" to rival the likes of Facebook's libra.

Deutsche Bank, which has seen its value cut by 90% in the ten years since bitcoin was created, has also predicted corporate and government banked cryptocurrencies will drive crypto adoption.

"Assuming governments back cryptocurrencies, and consumers want them, adoption rates will drive the timeline for mainstream use," Reid wrote. "If current trends continue, there could be 200 million blockchain wallet users in 2030."

Deutsche Bank has forecast there could be more than 200 million bitcoin and cryptocurrency users ... [+] around the world by 2030.

Meanwhile, other banks are warning that the year ahead could bring an overhaul of the "status quo."

We see 2020 as a year where at nearly every turn, disruption of the status quo is an overriding theme," Saxo Bank's chief economist Steen Jakobsen wrote this week in a report titled "10 Outrageous Predictions for 2020."

"The year could represent one big pendulum swing to opposites in politics, monetary and fiscal policy and, not least, the environment. In policy making, it could mean that central banks step aside and maybe even slightly normalize rates, while governments step into the breach with infrastructure and climate policy-linked spending."

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Deutsche Banks Massive Multi-Trillion Dollar By 2030 ...

This Bitcoin Rival Just Crashed By A Shocking 70% In An Hour [Update] – Forbes

Bitcoin and cryptocurrency markets are well known to be highly volatile but a sudden 70% plunge in under one hour is extreme even for the scandal and scam-ridden crypto market.

Matic, a digital token used on the blockchain scalability-focused Matic Network, suddenly crashed around 70% last night, before a slight recovery.

[Update: 7:15pm December 11 2019] Matic failed to make up ground during today's trading, with the cryptocurrency now priced at $0.017 per token. The fall in the matic price may have boosted one of its closest rivals, chainlink, which is up almost 10% on the day to $2.28.

The reason for the collapse in the matic price, which dropped to $0.013 from $0.042 in under an hour, was not immediately clear though the chief executive of popular bitcoin and cryptocurrency exchange Binance, Changpeng Zhao, took to Twitter to reassure matic users.

Traders and investors have been scrambling to find out the reason behind the sudden price collapse, ... [+] with concerns it could spread to bitcoin and other major tokens.

"Our team is still investigating the data, but it's already clear that the matic team has nothing to do with it," Changpeng Zhao, who's often known simply as CZ, said.

"A number of big traders panicked, causing a cycle. Going to be a tough call on how much an exchange should interfere with people's trading."

Meanwhile, the cofounder and chief operations officer of the Matic Network, Sandeep Nailwal, said he is investigating the cause.

"It will be clear very shortly that we are not behind this, as some [fear, uncertainty, and doubt] accounts are trying to insinuate," Nailwal said.

"We will post a detailed analysis and we will come out stronger than ever from this evident manipulation."

The bitcoin price, as well as the wider cryptocurrency market, has not been hit by the sudden matic sell-off with prices of other major tokens relatively flat across the board.

One popular bitcoin and cryptocurrency commentator and trader, Alex Krger, highlighted matic's rise and fall over recent weeks as "the stuff of dreams and nightmares."

"What happened with matic can happen to any token," Krger said via Twitter.

"It would be very surprising for it to happen to the large caps, but it can still happen. Adjust selling volume by market cap or order book liquidity, and presto. Hence why crypto is traders paradise, investors hell," Krger said, adding there's currently an "apocalypse" going on with minor cryptocurrencies.

The matic price began a huge bull run towards the end of November, breaking away from the wider ... [+] bitcoin and cryptocurrency market.

Matic has soared over recent weeks and recorded a market capitalization of over $100 million for the first time since its launch earlier this yearup 180% in just two weeks.

The matic price has reportedly been boosted recently by blockchain-based game Battle Racers launching a range of so-called crypto-collectibles on the Matic Network sidechain, sending the price up by around 10% in a 24-hour trading period last week.

Meanwhile, some matic investors and traders have speculated the sudden move lower could be the result of a so-called pump and dump, where a large buyer inflates the price over time before offloading their holdings, or an exit scam, where the developers of a digital asset suddenly sell their holdings and abandon the project.

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This Bitcoin Rival Just Crashed By A Shocking 70% In An Hour [Update] - Forbes

What The Charts Say About Bitcoin – Forbes

DedMityay - stock.adobe.com

Ah, Bitcoin. The stuff of dreams. The new frontier in currency and commerce. The gateway to a world dominated by blockchain technology, with newly-minted zillionaires lining of streets of urban and rural sites across the globe. Or, the speculative arm of a legitimate evolution of financial transactions.

Now, before you get all defensive about how amazing Bitcoin is, and tell me how out of touch I am (after all, at age 55, I am way too old to understand this stuff, right?), hear me out. I do see the role of blockchain technology in the global economy going forward.

However, I think of Bitcoin, the most famous of crypto-currencies, like Band-Aids are to adhesive bandages (hint: same thing, but one is a brand name, the other is just what the product is). Bitcoin is the proverbial poster-child for this new way to hold money. That is all fine with me. My point, though: just dont pretend it is a substitute for traditional hard currencies. Not yet, anyway.

My evidence for that statement: the price of Bitcoin is not at all stable. Its price is more volatile than most stocks. You wouldnt take the money you need to pay this months mortgage or buy food for your familys dinners this week, and put it in an S&P 500 Index Fund, would you? Actually, I am afraid of the answer from too many investors. But I digress. The point is that Bitcoin still appears to be a trading tool (toy?), rather than a store of value, which is the textbook definition of a stable asset.

For that reason, I refuse to look at Bitcoin as a currency when following its price movement. However, as a vehicle to trade to make profit on over periods of time, I see it the way I see stocks and ETFs: as something to chart, and to evaluate its reward/risk trade-off at any point in time.

And, while I have not yet invested Bitcoin for my clients or myself, I am willing to consider it if it meets my usual investment criteria. One of those is that it can be charted.

^NYB_technical_chart

Remember that time when Bitcoin ran up to seemingly impossible heights, then dipped below 8,000, then crashed to under 4,000? Above, you see the price of Bitcoin over the past couple of years. It shows that last dizzying episode from 2018. And to me, it appears to be setting up for a repeat performance.

Now, technical analysis (charting) is more precise when there is deeper data and history behind the price activity. With Bitcoins limited history as a popular asset, and the fact that it is not a business like a stock, we have less to work with than we would with a stock or commodity. However, if you look at the right side of the chart, you see an orange line. That line is falling, and it is close to falling below the red line. This is occurring while Bitcoin is quietly in the midst of repeating its early 2018 price pattern.

That last round of Bitcoin price drama had a similar pattern, as you can see in May of 2018. At that point, the orange line (which is the 50-day moving average of Bitcoins price) crossed below the 200-day moving average (the red line), just as it is poised to do now. That death cross as chart geeks often call it, is happening now at about the same Bitcoin price level (8,200) as it did then.

I dont know, but I wouldnt simply blow it off as a coincidence. After all, the downside risk of ignoring the chart pattern in Bitcoin was about $5,000. Bitcoin fell from that 8,200 level to about 3,250 at its December, 2018 low, before quadrupling in value 7 months later.

And that brings me back to my main point: Bitcoin is not an investment at this stage of its development as a marketable security. Neither are small marijuana companies, and penny stocks. They are trading tools for virtual rooms of speculators. It is somewhere between a casino and the latest version of the greater fool theory, where you can profit from owning it as long as someone is willing to buy it from you. I would insert an analogy to tulip bulbs here, but suffice it to say, just look that up yourself.

Last point: one of my personal investment tenets, and what I say to clients who tell me they are investing in Bitcoin or some other trading toy, is this: its OK to take big shots, as long as you do it with small amounts of money. Just dont confuse speculation with investing.

Comments provided are informational only, not individual investment advice or recommendations. Sungarden provides Advisory Services through Dynamic Wealth Advisors

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What The Charts Say About Bitcoin - Forbes

Bitcoin Beats Netflix And Microsoft – Forbes

Bitcoin and cryptocurrency has long been known to appeal more to younger generations than older ones (though there are some notable exceptions).

Meanwhile, the bitcoin price has been boosted in recent years by adoption from the traditional financial services industry and this is expected to increase as Millennials (aged between 25 and 39) and Gen Z (those born between 1996-2010) become financially mature.

Now, a report has found Grayscale Investments Bitcoin Trust, a publicly tradable bitcoin and cryptocurrency investment vehicle, is among the top five equity holdings for Millennials, next to technology giants Amazon, Apple, Tesla and Facebookand ahead of investor darlings Netflix and Microsoft.

Bitcoin looks set to end the year as one of the best-performing assets, up around double where it ... [+] began 2019.

The Grayscale Investments Bitcoin Trust, which recorded inflows of $255 million for the third quarter, up three-fold on the previous quarter, is also more popular than stocks of Warren Buffetts conglomerate Berkshire Hathaway, movie studio Walt Disney, and China's biggest online retailer Alibaba, according tothe report from U.S.-based bank and stock brokerage Charles Schwab.

The Grayscale Bitcoin Trust was found to be held by 1.84% of Millennials surveyed by Charles Schwab, with Netflix at 1.58% and Microsoft at 1.53%.

Elsewhere, online retailer Amazon and iPhone-maker Apple were found to be popular across the generational divide, with the two U.S. tech giants holding the top two spots for Millennials, Gen X, and Baby Boomers.

Google's parent company Alphabet was notably absent from the list of company stocks held by Millennials.

The report chimes with research out earlier this year that found there's a growing interest in bitcoin and cryptocurrency investments amongst Millennials and younger generations as they deal with the long-term effects of the global financial crisis and a lack of trust in the traditional financial services sector.

Technology companies dominate the most popular investments for all generations, though only ... [+] Millenials show much interest in bitcoin.

Earlier this year, Grayscale Investments launched a campaign called #DropGold, aiming to make "investment portfolios to reflect that bitcoin has become digital gold for todays forward-thinking investors."

"There is a generational shift in how individuals are approaching investing. We strongly believe that investments in gold will be reallocated to bitcoin as Baby Boomers begin transferring their wealth to a younger generation of investors, one that wasnt raised on the gold standard," said Barry Silbert, founder and chief executive of Digital Currency Group and its subsidiary Grayscale Investments, said at the time.

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Bitcoin Beats Netflix And Microsoft - Forbes

Bitcoin, Gold, Silver And Armageddon – Forbes

Photo by Chesnot

It will seem strange to many but there are a lot of people preparing for the end of the world. Its not just the prepper community that has Armageddon anxiety, its quite a common thing. Who is to blame anyone for expecting the worst when the media pours out a never-ending flood of doom and gloom and desperately upsetting news? You must be desensitized, thick skinned, tough as nails or extremely carefree to be able to consume what the media throws at you and not end up at least taking some notice of the never-ending cascade of end of times news stories.

If global warning isnt going to get us, an asteroid isnt going to strike, a plague thawing from Siberian ice sheets about to scythe us down, it will be the civil war in America, the collapse of the dollar, peak oil, no oxygen in the oceans, the 1%, a pantheon of local and international politicians, terrorists, dirty bombs and perhaps the much predicted second coming itself that will holocaust.

Its not surprising that there is a whole demi-monde of enterprises supplying the salve to an anxious audience.

A one years worth of food supply for four people can be yours for only $5,000.

Not many people take their end of the world survival that seriously and it would make for a tricky storage problem for a city dweller, who might have to sacrifice their second bedroom or all available closet space to have such reserves close at hand. So for many, the answer is to stick gold in a sock, as the only ticket out of trouble after the mobs are marauding after the plague-carrying asteroid has struck.

Sadly, this is a bad miscalculation, as many sad cases discovered during the second world war. A gold coin might buy you a bar of soap or nothing at all if the nightmare scenario some are delirious about were to strike.

Gold is not good for much in extreme circumstances.

If you are going to go down this road of planning for the worst you need to think in terms of gradients.

Level 1. Economic dislocation

Bitcoin, gold, silver: If you lay this in for such an outcome, when it strokes all these instruments will spike. In a 2007-2008 crisis the key issue is counterparty risk. Bitcoin (BTC) and platinum group metals (PMGs) are a good way of keeping your assets out of the hands of counterparties that might implode. Bitcoin is faster to transact and easier to hold than gold and silver but it makes sense to hold some of all.

Level 2. Personal dislocation

Bitcoin: Need to bug out, because the walls are closing in? Bitcoin is the way to go. Taking much gold through the airport is not going to work.

Level 3. Widespread war

Bitcoin, gold and silver: Silver is probably a favorite here because silver, especially silver coins are great for small transactions. Gold is too high value for most transactions and flashy. Bitcoin is useful because it can work globally and is an easy carry.

Level 4. The losing side of widespread war

Bitcoin and some silver: The risk of being plundered or having it appropriated is high, so once again BTC comes out on top.

Level 5. The Big one

As the nuclear winter falls, the plague ridden zombies make their final onslaught as the aliens black smoke sweeps all, there is probably no point in preparing.

Yet if you want to prepare, bags of old silver dimes, a bag of 1/10oz gold eagles and an SD card with bitcoin on it, is the way to go.

Like almost all predictions, doom-laden predictions at some time might prove right enough that you are happy you have 1% of your portfolio positioned for a ghastly emergency. The worse that emergency would get the higher the value of that small chunk of your portfolio would become.

It is not necessary to have half a ton of silver in your basement (approximately $500,000) but if the future of mankind is troubling you, it might make sense to sock away some silver, gold and bitcoin if that buys you some peace of mind. Peace of mind is after all a big fat dividend that pays out all year.

-

Clem Chambers is the CEO of private investors websiteADVFN.com and author of 101 Ways to Pick Stock Market Winners and Trading Cryptocurrencies: A Beginners Guide.

In 2018, Chambers won Journalist of the Year in the Business Market Commentary category in the State Street U.K. Institutional Press Awards.

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Bitcoin, Gold, Silver And Armageddon - Forbes

Is Bitcoin A Better Store Of Value Than Gold? – Forbes

(Disclosure: Author holds an investment in bitcoin.)

There have been a lot of analogies over the years to bitcoin being a sort of digital gold. But how does bitcoin actually compare to gold as a storage unit of value? Can it protect against the risk of inflation the way gold does? Lets compare bitcoin and gold and see how they stack up as wealth preservation tools.

Trust In Bitcoin Vs. Gold

An asset cannot be used as a way to store wealth if the majority of people dont agree it is valuable and believe it will remain valuable in the future. This is one area where gold has a clear advantage. Whether it takes the form of coins, jewelry, art or something else, someone in 2019 B.C. would be just as likely to agree that gold is valuable as someone in A.D. 2019.

Bitcoin, because it is so new, doesnt have this advantage. Its only been around a decade. Its going to take more time for bitcoin to prove itself as a long-term tool for storing wealth.

Portability

Here is one area where bitcoin is the clear winner. Bitcoin is a nonphysical asset, and can be sent and received from anywhere with an internet connection. It also operates entirely outside the banking system, so it is easy and fast to send and receive payments across borders.

Gold must be physically stored somewhere, whether in a personal safe or with a company in its vaults. If you dont hold the gold yourself, you cant access it at will, and if you do, it doesnt necessarily mean you can move it around easily. Try bringing several pounds of gold onto an airplane without attracting attention and suspicion at the airport.

Furthermore, some governments throughout history have attempted to ban or confiscate privately owned gold (it was actually illegalfor private citizens to own and hold gold for 41 years in the United States).

It is much less likely a government could successfully block access to bitcoin, as doing so would require blocking access to the internet as a whole. China has attempted to block access to bitcoin several times over the past decade, and even with its great internet firewall, it has been unable to make a meaningful impact.

Barrier To Entry

Gold stands at about $1,500 per ounce at the time of this writing. So if you want to buy a 1oz coin, thats the minimum youd pay. You can buy bars in smaller sizes, but you can only shrink a physical asset so much.

One bitcoin is around $8,100 but remember, you do not need to buy a whole bitcoin to get exposure. Bitcoin is divisible by 100 million into the smallest possible unit, the Satoshi, or sat. If you wanted to get started with only a couple dollars investing in bitcoin, you could do that. Bitcoin (and cryptocurrencies in general) have a much lower barrier to entry for people who dont have a lot of money to throw around.

Protection Against Inflation

One of the most popular reasons for buying gold is to hedge against inflation. Some people fear the dollar, or whatever fiat currency they are holding, will experience a decline in value in the future. So, they convert it to gold to help protect their wealth against inflationary changes.

Both bitcoin and gold can be used for this purpose, though bitcoins price volatility can make people uncomfortable. No matter which you prefer, there is no denying the price of gold does not fluctuate nearly as much as any non-stablecoin digital currency.

Growth Potential

Over the past 20 years, gold has risen from around $430 per ounce at the end of 1999 to about $1,500 today. If you bought it then, you basically tripled your money. Thats certainly nothing to complain about.

Bitcoin has experienced unbelievable growth. When it first appeared in 2009, it was worth fractions of a penny, but steadily increased in value relative to the U.S. dollar over time. With each halving (when the algorithmically determined supply of new bitcoins being generated is cut in half), the price of bitcoin exploded a year or so afterward. Between 2015 and 2017, for instance, bitcoin experienced nearly 9,000% growth when it reached its all-time high of nearly $20,000. While there was a sharp correction after each all-time high, the new low was always significantly higher than before. If this pattern holds with the next halving, the short- to medium-term growth potential of bitcoin could be much higher than gold.

Functionality

One of the core arguments in favor of gold is that it is a physical commodity and you can actually do things with it. Gold is used for jewelry, electronics, dentistry, aerospace equipment and more. It has real, tangible utility besides money. There is a certain base level functional demand that contributes to the value of gold, but the majority of the demand for gold is based on the speculative value.

Bitcoin, of course, is a purely digital creation and really cant serve any purpose besides being a digital, nonphysical storage unit of value and medium of exchange. Bitcoin has a certain base level functional demand for people and businesses using it as a payments network, but the majority of the demand for bitcoin is also speculative.

Risk Vs. Mobility

This is a polarizing topic among financial experts. Some passionately argue in favor of gold and dismiss cryptocurrency as not real, while crypto proponents call the naysayers goldbugs who refuse to have an open mind.

Im not here to give financial advice, but I will say this: Gold has proven itself over the millennia, and I believe bitcoin is about the closest thing to a frictionless, portable, nonphysical form of gold that currently exists. Ultimately, what matters is your own tolerance for risk and how mobile you need your wealth to be.

The information provided here is not investment, tax or financial advice. You should consult with a licensed professional for advice concerning your specific situation.

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Is Bitcoin A Better Store Of Value Than Gold? - Forbes

Mark Cuban says there’s ‘no chance’ bitcoin can become a reliable currency | Currency News | Financial and Business News – Business Insider

Getty/Michael Kovac

Mark Cuban says there's "no chance" that bitcoin can become a reliable currency.

"Not because it can't work technically," the Shark Tank star and owner of the Dallas Mavericks said in an email to Forbes. "But rather because it's too difficult to use, too easy to hack, way too easy to lose, too hard to understand, too hard to assess a value."

Given the raft of rival cryptocurrencies available, Cuban said, it's also "too much work for people to know why BTC over everything else."

The billionaire has experience in commercializing new technologies. He made his fortune by building Broadcast.com a pioneer in video-streaming technology then selling it to Yahoo! in a $5.7 billion stock deal in 1999.

Cuban compared bitcoin to baseball cards, comic books, and artwork in a Wired video in September, arguing the cryptocurrency has no intrinsic value and is "only worth what somebody will pay for it." He added that he'd "rather have bananas, I can eat bananas."

The price of bitcoin has plunged from about $12,000 in August to below $7,250 at the time of writing.

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Mark Cuban says there's 'no chance' bitcoin can become a reliable currency | Currency News | Financial and Business News - Business Insider

Bitcoin-hungry hackers broke their own decryption tool, analysts warn – The Next Web

Cybersecurity researchers warn that paying Bitcoin BTC to retrieve files locked by the prolific Ryuk ransomware may still result in data loss.

This means thatRyuks latest victims are stuck between a rock and a hard place. If they refuse to send their attackers Bitcoin, theyll lose access to their data altogether, but if they pay, the hackers will provide them with a decryption tool that doesnt work.

Software company Emsisoft told Hard Fork that the attackers themselves are responsible for breaking their own encryption tool with an update.

Obviously, were hoping to get the word out about this as quickly and widely as possible so that affected organizations can avoid data loss, said Emsisoft via email.

The firm explained that in one of the latest versions of Ryuk, attackers made changes to the way it calculates the length of certain files. This has created unexpected consequences during decryption.

As a result, the decryptor provided by the Ryuk authors will truncate files, cutting off one too many bytes in the process of decrypting the file, Emsisoft said in a blog post. Depending on the exact file type, this may or may not cause major issues.

Researcherssaid that in the best case scenario, the byte that was cut off is unused, therefore unnecessary, and could even be decrypted just fine.

However, in virtual disk type files (such as VHD/VHDX), as well as many database files (such as Oracles), that last byte stores important information. Its common for larger, high-value target networks to feature these types of files.

This means that those files will be damaged by Ryuks decryption tool, and will fail to load properly even after theyve been unlocked by the tool provided by the attackers.

Ryuk has hit hospitals, state-owned oil refineries, nursing homes, schools, private corporations, and government institutions across the world over the past year, demanding hundreds of millions of dollars worth of Bitcoin in exchange for access to critical computer systems.

Unfortunately for those who find themselves struck by Ryuk, theres currently no way to retrieve files without paying up. Previous analysis run on the malware shows that perps scale their Bitcoin ransoms dependant on the size of the target.

As such, Emisoft advises Ryuk victims to make copies or backups of any data thats been encrypted, especially considering that the decryption tool provided by the attackers will reportedly delete files it thinks have been properly unlocked.

That said, creating regular backups of data is advisable in any sense, as it will dampen the effect of being hit by ransomware in general.

It should be noted that while Emsisoft has released many free decryption tools for other ransomware strains, the service it offers to Ryuk victims is a paid one.

A final word of advice: prior to running anyransomware decryptor whether it was supplied by a bad actor or by a security company be sure to back up the encrypted data first. Should the tool not work as expected, youll be able to try again, said Emsisoft.

Published December 10, 2019 13:28 UTC

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Bitcoin-hungry hackers broke their own decryption tool, analysts warn - The Next Web