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CPAC Attendees Turn on Conference SponsorFox Nation – The Daily Beast

Posted on July 16, 2021 by admin

DALLASIt comes at no surprise that disdain for mainstream media was a common theme among both attendees and speakers at the Conservative Political Action Committee conference, held last weekend in Dallas, Texas.

I love CPAC because it blows up the fake news narrative of the liberal media time and time again, Kimberly Guilfoyle said in a speech to the crowd on Friday afternoon.

Jeff Johnson, an attendee who sells large-print copies of the Declaration of Independence, echoed the sentiment. The liberal media is glossing things over and were just being destroyed, Johnson said. Were being destroyed by evil.

But skepticism and disdain of the press at CPAC has drifted and found a surprising targetone of the major sponsors of the event, Fox.

Richard Hedges, who drove from Houston to the Dallas confab, said he hasnt watched Fox News since November, when he said the outlet became increasingly anti-Trump. While Hedges said he occasionally watches NewsMax, he said he mostly reads things he finds online.

The far-right Gateway Pundit picked up on the CPAC trend, boasting in an article that attendees are removing their lanyards because Fox News streaming service, Fox Nation, is listed as a marquee sponsor.

Fox Nation sponsored the whole CPAC, and then theyre deplatforming Ivory [Hecker] when shes talking at CPAC with Project Veritas, said Beth Anne Keller. Its horrifying. Its like we are in Communist China screw you Murdoch.

On Saturday, The Daily Beast witnessed Ivory Hecker accusing a Fox staffer of censorship. You cut the live feed while I was speaking on stage last night, Hecker said. He later posted a video of the confrontation on Twitter.

A spokesperson for Fox Nation said the feed was never cut and that the service had already stopped streaming the event.

Hecker previously worked for the local Fox outlet in Houston until she was fired after interrupting a live on-air report to accuse the station of muzzling her.

Several women in Heckers videos said they dont watch Fox. I will never watch Fox. I watch One America News Network, one said. Thats all I watch.

While the majority of Republicans still say they regularly watch Fox News, according to two recent polls in March, the same polls suggest a growing core of conservatives are increasingly gravitating toward far-right outlets like Newsmax or One America News Network.

This shift occurs at a time when the share of Republicans who trust the media is at an all time low. As of 2020, only 10 percent of Republicans say they trust the media a great deal, compared to 73 percent of Democrats and 36 percent of independents.

These changes in media habits appear to be reflected in the media habits of CPAC attendees. Out of dozens of attendees that were asked by The Daily Beast, fewer than half said they regularly watch Fox. Most said they dont trust mainstream media at all.

Carl Lautenschlager, who came in from Washington state, felt similarly. He said he never watches Fox and occasionally watches Newsmax. Lautenschlager said he mostly reads things he finds on Telegram channels or CloutHub. CloutHub is a social networking app similar to Parler that has become popular among conservatives as fringe-right influences have been banned from Twitter and Facebook.

For those who said Fox News was a part of their regular media diet, some emphasized that it was a decreasingly significant part.

Sometimes I watch Fox, but I dont like it anymore, said Jamie Honeycutt, a resident of a suburb of Dallas. Honeycutt said she likes The Epoch Times, but also relies on Ground News, an app that allows her to compare news stories from different sources.

While Honeycutt said she occasionally watched Newsmax, she said wasnt as much of a fan of outlets like OANN, which she believes are too divisive. It depends on what your end goal is, Honeycutt said. Do you want a civil war, or do you want to bring the country together?

Grizzly Joe, a conservative podcast host who made headlines on CNN for saying that Trump lost the election, said that he does still watch Fox News, and that those who no longer do are upset over Foxs decision to call the election for Biden.

A lot of those people are people who got angry because Fox called the election too early, podcast host Grizzly Joe said. The people who say dont watch Fox News are very set in their beliefs and are not interested in hearing other views.

According to research by FiveThirtyEight, Republicans who get their news from OANN or Newsmax tend to be more extreme in their beliefs. Those who prefer OANN and Newsmax are more likely to believe in QAnon theories, to oppose getting vaccinated, and to agree that the election was stolen.

Joe said he occasionally watches Newsmax, a growing favorite among CPAC attendees, but said that some outlets are too fringe for his taste. I cannot watch One America News Network, because if I pay to watch them, Im also supporting InfoWars, because theyre a part of the same package.

Joe said his disdain for InfoWars stems from the conspiracies they peddled after 9/11. My earliest knowledge of them and Mr. Jones is that they were 9/11 truthers who say it was a setup, Joe said. I was an NYPD officer on 9/11. I was there. I have very little patience for anybody that said 9/11 was a setup.

But plenty of attendees didnt hold the same reservations with supporting outlets that increasingly traffic in conspiracy theories.

Darrin Martin, an oil and gas executive from the Frisco area, said that he still regularly watches Fox News, and while he occasionally tunes in to CNBC and CNN, he increasingly supplements it with OANN and Newsmax.

I think theyre all good, Martin said. Just different sources.

Ettinger: Virginia’s Monuments Are Historical, Just Not The Way You Think – The Dogwood

Posted on July 16, 2021 by admin

Four years after Charlottesvilles initial push to remove Confederate monuments, four plinths formerly holding icons of white supremacy and colonial oppression now stand bare. The crowds observing each removal were fairly small and supportive, cheering and chanting F**k white supremacy! as each bronze piece was lifted off its base. In 2021, its clear now that deplatformingstatues and iconoclasts of the alt-rightis an effective method of disempowering those who wish to terrorize anyone who disagrees with them and clearing space for positive change to creep in.

The monuments, all erected in the 1920s, have served as a rallying point for white supremacy since their dedication ceremonies. The Gen. Robert E. Lee statue, in particular, has been a lightning rod for conversations around race and whiteness. The park in which it stood was long called Lee Park. Its presence served as a looming reinforcement of the threat behind Jim Crow laws. In June 2017, the city renamed it Emancipation Park, but changed the name to Market Street Park in 2018.

Lets look at the three rallies and protests that occurred in response to the proposal to remove the Lee statue. First, you have May 13, 2017. This was when Richard Spencer and his goons showed up with tiki torches, shouting you will not replace us. This followed a 3-2 city council vote to remove the statues and sell them.

Then you have July 8, 2017. The KKK showed up, some 50 strong, to protest the statue removal. This followed a new statute in effect that allowed the City to recontextualize the Confederate monuments, thus altering an injunction that had stopped removal prior.

Finally, there was August 12, 2017, the one most familiar to the rest of the world. This was the Unite the Right rally, during which a neo-Nazi drove his car into protestor Heather Heyer, killing her. Each of these was centered around and in reaction to the citys ongoing efforts to remove these statues.

When I was canvassing for Gov. Northam in the fall of 2017 in Roanoke, my door-to-door conversations were often sidetracked by angry white men. They wouldnt vote for Northam, despite having voted Democrat all their lives, if he was in favor of removing Virginias monuments. This happened both in Charlottesville and Richmond, in particular.

Thats history, they said to me, over and over.

What I didnt have the time or the energy to explain has since become more commonly known: most of these statues were erected by Confederate descendents in the the early 1900s as part of the re-establishment of apartheid laws after the failure of the federal government to follow through on reconstruction efforts to protect Black Americans. The monuments in Richmond were used to signal whites-only neighborhoods around Monument Ave. These men I spoke with were right, these monuments were historybut not the kind of history they meant.

At the same time, were having a circular national conversation about critical race theory. Its wrongly framed by conservatives as an educational method designed to make white people feel guilty about their privilege. Instead, its a legal theory of understanding how racism has been intentionally woven into the fabric of our legal and justice systems. During a time like this, the monuments finally coming down feels significant.

Understanding these as symbols of a violent threat, around which terrorism against Black Americans has been rallied since their installation, is vital to understanding what kind of history these represented. They werent about the Lost Cause. They were about how the cause was reinvented and dressed up in niceties so that the violence could be shown as incidental, not deliberate and systemic.

This is why it was important to remove more than just Lee and Jackson. Its why George Rogers Clark on the UVA campus, flanked with a soldier pointing a gun at a Native woman holding an infant, had to come down too. This is why Lewis and Clark, with Sacagewea crouching behind them, had to come down too.

The mythology of an empty wilderness, the mythology of the savagethese have been just as vital as the mythology of what the Civil Wars end did and did not do to end apartheid in the US to upholding white supremacy with the fallback of performative naivete for the purposes of numbing the self against ongoing oppression.

As we celebrate the removal of these monuments, lets examine what other mythological relics weve maintained. This might feel like a triumph, but without ongoing reform of the institutions and communities that erected them in the first place, it will just become another token piece of performance art to soothe the white conscience.

Guardian’s Putin Scoop Is Trumped By A History Of Bluff And Vicious Blunder – New Matilda

Posted on July 16, 2021 by admin

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The only thing bigger than the news out of Russia this morning that leaked documents reveal Vladimir Putin personally authorised an operation to assist Donald Trump into the White House in 2016 is the caveat that comes with the story.

And by caveat, I mean it may or may not be true.

In case you missed, early this morning the Guardian reported,Documents suggest Russia launched secret multi-agency effort to interfere inUS democracy. The headline on the story is Kremlin papers appear to showPutins plot to put Trump in White House.

The opening pars read:

Vladimir Putinpersonally authorised a secret spy agency operation to support a mentallyunstable Donald Trump in the 2016 US presidential election during a closedsession of Russias national security council, according to what are assessedto be leaked Kremlin documents.The key meeting took place on 22 January 2016, the papers suggest, with theRussian president, his spy chiefs and senior ministers all present.They agreed a Trump White House would help secure Moscows strategicobjectives, among them social turmoil in the US and a weakening of theAmerican presidents negotiating position.Russias three spy agencies were ordered to find practical ways to supportTrump, in a decree appearing to bear Putins signature.

By any measure, its a very big story. If you believe it. Butunfortunately the hurdle you have to get over to get there is huge, and Im notreferring to the last line of the opening paragraph, which reads according to what are assessed to be leakedKremlin documents.

As qualifications go, thats a ripper, as is the word suggestin the headline. But this is a story from the heady world of Russianintelligence, so itd be folly to accept anything at face value. But its alsonot the problem with this story.

The problem is who published it, and who helped write it The Guardian newspaper, and one of the bylined authors, Luke Harding, a former Moscow correspondent.

You might remember Harding from such amazing,fantastical tales as Manafort held secret talks with Assange in Ecuadorianembassy, sources say. Heres the opening par from that 2018 train wreck: DonaldTrumps former campaign manager Paul Manafort held secret talks with JulianAssange inside the Ecuadorian embassy in London, and visited around the time hejoined Trumps campaign, the Guardian has been told.

Its entirely possible, indeed probable, The Guardian was told that in which case, theyshould out the multiple unnamed sources that Harding (and colleague DanCollyns) relied on for the story, on the basis that they clearly lied and manufacturedevidence.

Harding and The Guardian with the sort of hubris you only see from such luminaries as, say, Donald Trump (or maybe Vladimir Putin) maintain the story is true. It remains online, uncorrected, without apology.

Virtually everyone else knows its false, which is how its widely regarded in media circles. The reason why is relatively simple: if Manafort had visited Assange in the Ecuadorian embassy, not only would Ecuador have footage of it (and released it by now), but so would British intelligence because they staked out the front door for seven years. And yet, The Guardian story claims Manafort visited Assange not once, but at least three times in 2013, 2015 and again in 2016.

The story relies entirely on anonymous sources (the ABC provides a great example of what can go wrong here when you do that) and ridiculous claims like this: Manaforts 2016 visit to Assange lasted about 40 minutes, one source said, adding that the American was casually dressed when he exited the embassy, wearing sandy-coloured chinos, a cardigan and a light-coloured shirt.

Followed by this:

Visitors normallyregister with embassy security guards and show their passports. Sources inEcuador, however, say Manafort was not logged. Embassy staff were aware onlylater of the potential significance of Manaforts visit and his political rolewith Trump, it is understood.

So an anonymous source remembered in great detail what a faceless, unremarkable guest to the embassy was wearing two and a half years earlier? Nothing dodgy about that.

And then there was this: A separate internal document written by Ecuadors Senain intelligence agency and seen by the Guardian lists Paul Manaford [sic] as one of several well-known guests. It also mentions Russians.

That document is only seen by the Guardian, and not reproduced in the story. In other words, they dont have it. (By contrast, todays scoop on Putin does include images of the alleged documents, but still Russian intelligence American intelligence and more to the point, Luke Harding and The Guardian.)

Unfortunately, this wasnt just some shitty deception gone wrong, a regular occurrence in political reporting these days. The story actually caused harm, and was part of The Guardians broader campaign to assassinate Assanges character around baseless claims he worked with Russian intelligence to advantage Trump over Hillary Clinton in the 2016 presidential elections. Or in the Guardians words: The [fake Manafort]revelation could shed new light on the sequence of events in the run-up to summer 2016, when WikiLeaks published tens of thousands of emails hacked by the GRU, Russias military intelligence agency. Hillary Clinton has said the hack contributed to her defeat.

Yeah, It cant. It didnt. Because it was made up. But in pondering whether on not the latest Guardian scoop is credible, its also worth remembering how quickly Hardings Manafort story fell apart.

The Guardian published on November 28, 2018. On December 3,2018 The New York Times broke a storyunder the headline Manafort Discussed Deal With Ecuador to Hand Assange Overto US: In mid-May 2017, Paul Manafort, facing intensifying pressure to settledebts and pay mounting legal bills, flew to Ecuador to offer his services to apotentially lucrative new client the countrys incoming president, LennMoreno.

A few months later, Moreno gave British police the green lightto enter the embassy and snatch Assange. The Wikileaks founder has been inprison ever since, awaiting extradition to the US.

Remarkably, that revelation that Moreno met with Manafort was actually contained in The Guardians original story, but dismissed.

In May 2017, Manafort flew to Ecuador to hold talks with the countrys president-elect Lenn Moreno. The discussions, days before Moreno was sworn in, and before Manafort was indicted were ostensibly about a large-scale Chinese investment.However, one source in Quito suggests that Manafort also discreetly raised Assanges plight. Another senior foreign ministry source said he was sceptical Assange was mentioned. At the time Moreno was expected to continue support for him.

Unfortunately, the problems for this story go beyond evenjust the Guardian. Harding was also the co-author of Wikileaks: Inside Julian Assanges War on Secrecy, a hatchet job parading as a book whichaccused Assange of rushing to publish the Wikileaks trove of leaked USdocuments without properly verifying some of the information. Oh, the irony.

The book also accused Assange of putting US informants in dangerby blindly publishing random material. Assange and Wikileaks, along with Australianjournalist Mark Davis, have started the opposite is true, in addition torevelations from the US that it has no record of any informants ever beingharmed.

As a wild side note, the very book in which Harding (andLeigh) make this allegation includes the encrypted password given to them byAssange, which protected the unredacted trove of documents. You cant make thisstuff up.

Harding, who was The Guardians Moscow correspondent from2007-2011 until his visa was cancelled, also wrote the book Mafia State which lays the blame forhis expulsion squarely at the feet of Putin. Plus he wrote Shadow State, which accuses Putin and Russia of all sorts of high crimesand misdemeanors: No terrorist group has deployed a nerve agent in a civilianarea or used a radioactive mini-bomb in London. The Kremlin has done both.

Its not hard to understand why anyone would write bookscritical of Putin the only difference between Putin and Trump, apart fromintellect, is the level of instability. So its entirely possible that Harding hasgot a lot more right on this issue than hes got wrong.

But when you get something like the Manafort story so spectacularly wrong, and then you refuse to acknowledge or correct it well, you surrender the right to be believed in future stories. Put simply, youre hopelessly compromised at a depth that is matched only by The Guardians vicious betrayal and ongoing character assassination of Julian Assange.

By way of declaration, Im a paid subscriber to Guardian Australia. I think by far theyre the best (and most ethical) mainstream media organisation in the country. As for their British arm we all make errors, New Matilda included. But its impossible to trust a media source that pretends otherwise.

As for Putin, if he did authorise an operation to sow chaos in the US, I do wonder how hard Russian intelligence had to work to achieve it, and how much credit they might take in achieving it.

Sure, 70 million people voted for Donald Trump, but 73 million of them voted for Hillary Clinton. Either way, US voters were always going to get the government they deserved.

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New Matilda is a small, independent media outlet. We survive through reader contributions, and never losing a lawsuit. If you got something from this article, giving something back helps us to continue speaking truth to power. Every little bit counts.

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Guardian's Putin Scoop Is Trumped By A History Of Bluff And Vicious Blunder - New Matilda

The founders of WazirX share his predictions for the next big wave of cryptography – Texasnewstoday.com

Posted on July 16, 2021 by admin

As the founder of Indias largest crypto exchange, Nischal Shetty is touching on a new trend.

In 2017, after more than a week to buy his first Bitcoin, he found a market gap and simplified the then fast-growing digital currency trading.

By 2018, he launched WazirX as a localized cryptocurrency trading platform in his native India. The business was later acquired by Binance, the worlds largest crypto exchange.

Currently, he is looking at the next stage of cryptocurrency growth.

Encryption is still early, so the challenge is to understand when the idea is right.

Nischal Shetty

Founder and CEO of WazirX

The last three to four years have been the time to build crypto exchanges and layer one blockchain product, Shetty told CNBC MakeIt.

A blockchain is a decentralized digital ledger that can be used to record data and transactions. One of its main uses is the storage and management of digital currencies such as Bitcoin and Ethereum. This is a form of virtual cash that operates independently of the state government.

Choosing the right idea at the right time will be the key to building the next big crypto company, he added.

Co-founder of Sameer Mhatre, Nischal Shetty, Siddharth Menon and WazirX, the Indian crypto exchange.

WazirX

Its not easy to pinpoint that trend, but software developer Shetty, 36, hopes for the next wave of consumer products that will make digital currencies more accessible in everyday life. Said.

Deutsche Bank estimates that today there are about 50 million blockchain wallet users worldwide. By 2030, banks expect that number to reach 200 million as digital currencies become more widely used.

I think the next few years will be building crypto products for consumers. So far, its not really in the hands of people, Shetty said. Then cryptography will emerge as another major area for people to explore.

The key to becoming an entrepreneur is to get the timing right, Shetty said, saying that the mainstream adoption of cryptocurrencies and blockchain technology is now a bit far away.

Cryptocurrencies are still early, so the challenge is to understand the right time for ideas, says Shetty. Given the current technical state of cryptography, a significant number of these ideas cannot be realized.

The crypto industry is facing increasing international pressure as authorities consider concerns that it may support tax evasion and criminal activity.

As part of that, WazirX has been caught in the midst of ongoing cryptocurrency debates among Indian authorities, and Shetty has worked with other exchanges to work with the countrys top financial decision makers. We are jointly involved.

This is an opportunity for entrepreneurs and anyone with an idea to participate and build it.

Nischal Shetty

Founder and CEO of WazirX

It wont be a smooth ride because of mistakes, which will come with a lot of difficulties from a regulatory point of view, he said.

Shetty likened this situation to the early days of the Internet. Initially, it was difficult to send e-mail due to poor technology and slow internet speeds. Video calling is now commonplace and an important part of society.

Still, regulators are trying to keep up with the rapidly evolving technology industry.

Similarly, the new blockchain technology offers developers and entrepreneurs the opportunity to play a role in building the next wave of innovation, Shetty said.

It will take some time, but its time for an entrepreneur or anyone with an idea to get involved and build it, he said.

Do not miss it: How this 36-year-old coder built Indias largest crypto exchange

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The founders of WazirX share his predictions for the next big wave of cryptography

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Clubhouse’s Indian alternative, the Leher app, has witnessed a surge in crypto-related debates-Technology News, Firstpost – Ohionewstime.com

Posted on July 16, 2021 by admin

FP trendJuly 15, 2021 14:53:54 IST

Bangalore-based social networking platform amid the growing trend of crypto in India Leher We have witnessed a constant surge in cryptocurrency-related debates. Discussions on the platform usually revolve around how to invest in cryptography, blockchain technology, Indian cryptography regulations, their scope, and the outlook for crypto investment.

Every day, India has a user base of 10 million crypto users.

In March last year, the Supreme Court lifted the RBI Banks ban on crypto trading focused on alternative regulatory measures. Since then, the cryptocurrency debate has grown many times domestically. Recently, India was ranked 11th on the list of global cryptography adoption by the Chainalysis Report. Every day, the country has a user base of 10 million crypto users.

Vikas Malpani, co-founder and CEO of Leher, commented on the ongoing Crypto discussions on the app:These discussions about Leher The app helps people seek better understanding with professionals.

Known as an Indian alternative to the Newyork-based audio platform club house, Leher We provide services to people with similar interests and preferences to connect, learn, discuss ideas, and build fruitful relationships. The user base of this app is currently 2.30 Rak, doubling every month. Users typically spend about 15 minutes to 2 hours on apps. It is available for both Android and iOS and has a rating of 4.3 out of 5. Google Play Store..

Users can use the app by signing up with a Facebook account, Gmail account, or phone number. After signing up, the app redirects the user to the screen of interest and selects from there. Like other social media platforms, users can also follow each other and send direct messages.

Unlike club house, Leher Anyone can use it, but private clubs require an invitation. Vikas also revealed that the app is also working on multiple monetization models to allow content creators and curators to monetize their viewers and collaborate with their brands.

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Clubhouses Indian alternative, the Leher app, has witnessed a surge in crypto-related debates-Technology News, Firstpost

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Fifth Third Bank Deploys Unbound CORE to Secure Sensitive Data in the Cloud – PRNewswire

Posted on July 16, 2021 by admin

When the bank began upgrading and modernizing its data infrastructure including an organization-wide move to the cloud it turned to tokenization as a means of securing that data. It needed to ensure end-to-end security of its most sensitive information and that data could be segregated on multiple levels to limit the impact of a compromise or technical issue.

While refreshing its infrastructure and moving legacy apps to AWS Cloud and creating new ones for mobile, the bank also required a solution that provided secure tokenization with a fast application integration API and that had a minimal impact on its existing databases.

The bank deployed Unbound CORE over AWS and two data centers, supporting the tokenization of assets across multiple applications. The platformuses multiparty computation, an advanced form of cryptography, to split encryption keys into shares and never bring them together to eliminate the single point of failure in cryptographic deployments. Critically, other functions built on top of this technology such as the ability to tokenize complex data and make it functional with any existing database ease the cloud migration process for developers.

Philip Schneider, director of security engineering at Fifth Third Bank, comments: "Securing sensitive data is absolutely critical for cloud adoption, specifically in the financial sector. When we embarked on our cloud migration, we knew it had to be one of our top priorities. The local container tokenization product that Unbound is creating has huge potential to safely post services forward into untrusted zones, in trusted ways."

Fifth Third Bank secures between 30 to 50 distinct applications with CORE and is examining other ways of utilizing the technology to streamline and simplify its tech stack and to continue to bring premium services and unprecedented security to its customers.

Prof. Yehuda Lindell, chief executive officer at Unbound Security, comments: "At Unbound, we want to ensure that both financial institutions and enterprises can deploy security across their business without compromising on operations or the user experience. Multiparty computation and our CORE platform have helped dozens of enterprise clients do just that, and we are honored to have Fifth Third as one of our primary customers."

For more information on Fifth Third Bank's use of Unbound CORE, please read the case study here.

About Unbound Unbound Security is the global leader in cryptography and empowers enterprise customers worldwide to confidently secure, manage and authenticate all critical business transactions, information, identity and digital assets anywhere, anytime. Unbound Security CORE is the enterprise platform of choice for secure key management, trusted by many of the world's largest banks and Fortune 500 companies. Unbound Security is a recent recipient of the Deloitte Fast 500 award and is headquartered in New York, with research and development facilities in Tel Aviv. For more information visit http://www.unboundsecurity.com.

About Fifth Third Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of March 31, 2021, Fifth Third had $207 billion in assets and operated 1,098 full-service banking centers and 2,383 ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. In total, Fifth Third provides its customers with access to approximately 53,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2021, had $464 billion in assets under care, of which it managed $58 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at http://www.53.com. Fifth Third's common stock is traded on the Nasdaq Global Select Market under the symbol "FITB." Fifth Third Bank was established in 1858. Deposit and Credit products are offered by Fifth Third Bank, National Association. Member FDIC.

Media Contact: Marcella P. Arthur [emailprotected]Tel. +1 (908) 601-2333

SOURCE Unbound Security

History will look at current reforms as strong as those of 1991, says CEA – The New Indian Express

Posted on July 16, 2021 by admin

Express News Service

NEW DELHI: The government has taken enough measures in the past one year to ensure that when the pandemic is over, the countrys economy grows by over 7%, the chief economic advisor to the government Krishnamurthy Subramanian said in an interaction withThe New Indian Express. For FY23, we expect the growth to be close to 7%, and from thereon, it will accelerate further as the impacts of the reforms are seen on the ground, says the CEA.

He says that India was the only country, which launched a slew of reforms during the pandemic, and that too, big-ticket reforms. The reforms that he enlisted include the privatisation and asset monetisation push of the government, capex- driven growth, opening up of sectors like defence, cryptography, mining, PLI scheme, labour and farm reforms.

When you put all these reforms together, and the 135% increase in healthcare spending and 35% increase in capex, the overall investment in the economy will go up significantly because of the crowding in effect and so will the productivity, he says. Subramanian feels when history looks at this period, these reforms would be considered as strong as the 1991 reforms.

On the immediate impact of the second wave on the economy, the CEA says that the impact of the second wave is much lower than the first wave and hence he believes that the GDP growth in the current financial year would not be significantly lower than the Budget estimate. The government has in the Budget estimated 10.5% GDP growth, which Subramanian feels was on the conservative side, unlike IMF which had estimated 12.5%.

He termed the current financial year as a very important year for privatisation as the government is pushing through privatisation of entities like BPCL, Concor, and public listing of insurance behemoth LIC during the year. On privatisation of Air India, he said though the money that would come from Air India may not be large, it is important from a signaling perspective as it would show the governments intent of getting out of business that it had no business being in the first place.

When asked if inflation would play a spoiler in Indias recovery, the CEA said that the over 6% inflation in the past two months were primarily because of supply-side constraints due to restrictions on economic activities. However, he feels that since the economic impact of the second wave was much lower, the inflation would start moderating soon.

Justifying the high fuel taxes, the CEA said that while evaluating the cause of high fuel prices one must also keep in mind the fact that India is not the only country where taxes account for 60% or more of the total fuel price. He said countries like the UK, Germany, Brazil, etc also have similar kind of taxes, and that taxes in India are in no way higher than those in other countries. He also blamed the rise in crude oil prices from less than $30 to $75 for the high oil prices.

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History will look at current reforms as strong as those of 1991, says CEA - The New Indian Express

Artificial Intelligence the hottest skill to have in post-pandemic world: Survey – Mint

Posted on July 16, 2021 by admin

Mumbai: Five skills, including artificial intelligence and adaptability, can future-proof workforce in a post-pandemic world, according to a global study by Randstad RiseSmart.

Of these skills, which also include creativity, blockchain, and affiliate marketing, artificial intelligence has emerged as one of the hottest skills to have, according to the study which surveyed HR professionals and employees across several regions including India.

"AI's demand is only set to increase as technology adoption continues. Being a highly scientific field, employees seeking to upskill in this area have taken on a pragmatic approach that translates knowledge into real-world skills and helps them develop capabilities to create data sets, build machine learning models, and use Python and/or R programming to deliver measurable results," said Randstad RiseSmart in a statement.

According to the World Economic Forum, 50% of employees worldwide will need reskilling as technology adoption increases, and this need has likely only increased given the pandemic.

The survey findings add adaptability and creativity as the next best skill to have. Having the right know-how and being able to adapt to changing trends, destabilization, industry shifts can make all the difference to how business functions today, and hence will see strong demand from employers. "When the pandemic set in, businesses had to transform their operating models practically overnight. Being able to adapt to changing situations with ease, and in an efficient manner is a sign of a strong leader," Randstad RiseSmart revealed.

Among a global pool of 1,099 HR professionals and 1,142 employees, across eight countries and 20 industries, the survey took into consideration 152 HR professionals and 154 individual employees from India, representing businesses of all sizes.

Also, blockchain, which was initially designed to be a technology to support, Bitcoin has now evolved into a revolutionary means of handling data and doing business in a digital world. As the demand for blockchain technologies in daily operations increases, so has the demand for resources with a strong knowledge of the same. "Within this space, employers have laid emphasis on identifying and recruiting talent with a strong knowledge of understanding cryptography, distributed computing, security, and consensus algorithms," the survey added.

With large-scale unrest and uncertainty in the market, trust between consumers and brands is at an all-time low. In order to remedy this, affiliate marketing is emerging as an important skill today. Being an affiliate marketer involves constantly ideating to solve problems and bring in solutions that will restore customers faith in brands. From research and analytics to planning and executing well-crafted campaigns that deliver measurable results, affiliate marketing has a lot of potentials to change the face of the sales game.

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Artificial Intelligence the hottest skill to have in post-pandemic world: Survey - Mint

Meet the Company That Wants to Bridge Crypto With Diem – bitcoinist.com

Posted on July 16, 2021 by admin

When Facebook announced its Diem blockchain project, many people got excited. But unfortunately, it is a system that remains a closed loop, which is unfortunate despite the ecosystems potential. The team behind Pontem Network aims to change this narrative by creating a permission-less version of Diem.

The vision of Pontem Network is relatively straightforward: build a permission-less version of Diem. The blockchain will be interoperable with Facebooks venture yet open the doors for global entrepreneurs to try new ideas and features. The Pontem network venture has backing from multiple renowned funds and entities, confirming demand for a more open version of Diem.

Rather than compete with the Facebook ecosystem, Pontem is complementary. It connects to Diem and the decentralized world, providing access to cryptocurrency markets and their segments. For users of Facebook-backed blockchain, this will allow access to DeFi, NFTs, games, and other instruments. All of this is possible thanks to Facebooks Move technology, allowing crypto developers to build applications for it.

Under the hood, the Pontem team brings MovE to the Polkadot ecosystems. Connecting their permission-less version of Diem to cross-chain compatible ecosystems is an essential first step. Then, developers can test their ideas in a Move-compatible ecosystem before releasing them to the Diem blockchain. Pontem aims to become the developers platform of choice. The first use case is Pontem Blocks, a universal interface to create products and services.

The Pontem Network project has successfully raised $4.5 million in funding to date. That is a lot of money, which warrants a closer look at the team. Stas Oskin and Boris Povod are the co-creators of Pontem network. However, both individuals have worked on other prominent crypto projects, including Lisk, Ark, WINGS.DAO, and Beam MimbleWimble. Moreover, they have years of experience with the Cosmos and Diem ecosystems.

Boris Povod is best-known for developing the first Delegated Proof-of-Stake Dapp blockchain under the Crypto banner in 2014. That infrastructure eventually gave rise to Lisk and Ark in the following years. Boris also developed the WINGS DAO in 2016, allowing him to gather ample expertise on all blockchain and cryptography matters.

Back in 2013, Stas Oskin was working with Spondoolies to launch their B2C cryptocurrency mining operation. He later joined the core Crypto team and helped establish the WINGS DAO with Povod. Additionally, Oskin was a contributor to launching Beam MimbleWimble in 2018.

By joining forces on Pontem Network, Povod and Oskin bring more flexibility to Facebooks Diem. It is crucial to have a development sandbox to try ideas before porting them over. Tools provided by Pontem Network include a complete toolset, for VASPS (Virtual Asset Service Providers), to build Dapps and a package manager. Such an approach can attract hundreds of millions of users who want to create new products and services. One can see Pontem Network as a Diem canary in the coal mine network with no restrictions or limitations.

What Is Proof of Stake and How Does It Differ from Proof of Work? – Analytics Insight

Posted on July 16, 2021 by admin

Introduction

The principle of blockchain technology is to create a public ledger with no regulatory authority. Some questions arise. Who verifies the financial transactions? How can the blockchain be sure that you are not trying the same funds thrice?

The nodes in the blockchain are responsible for transaction verification. How do they do it? This is the point that Proof of Stake (PoS) and Proof of Work (PoW) come into the picture.

Proof of stake and proof of work serves as a consensus mechanism to verify transactions. There are several other consensus mechanisms. PoW and PoS are the most common methods by far. These two methods eliminate the need for third-party verification.

Moni Naor and Cynthia Dwork published the results of their research on the Proof of Work consensus mechanism in 1993. When Bitcoin came on the scene, Satoshi Nakamoto used the proof of work system to verify transactions.

The proof of work protocol prevents duplicate and fraudulent transactions. Some other cryptocurrency blockchains also follow Bitcoins proof of work system. Each participant in the PoW consensus mechanism is called a miner. There are thousands of miners on the network.

The basis of the proof of work is an advanced level of mathematics called cryptography. Only computers can solve the complex mathematical equations needed to confirm a transaction. Each miner has to work hard and compete to solve the cryptographic equation.

The miner who solves the problem first gets the entire reward. One issue with the Proof of Work is that it is not based on a just system. People who have more powerful hardware resources have a higher probability of getting rewarded with new coins. The other miners in the network will receive zero rewards. Computations that use this protocol also consume a large amount of electricity.

Visit Bitcoin Prime to keep yourself updated with the latest news in the blockchain and cryptocurrency domain.

Sunny King and Scott Nadal created the proof of stake model in 2012. The first cryptocurrency project to use this algorithm was Peercoin. The Proof of Stake aims to make the validation process virtual. The flow process for the Proof of Stake consensus mechanism is the same as that of PoW.

However, the method to achieve the end result is distinct. Proof of Stake replaces the miners with validators or forgers. These validators will house their resources in the blockchain as a stake. They will wager on the next block that they feel should be included in the chain.

Each contributor or validator will receive a reward according to their stake. Ethereum developers are planning to migrate from the Proof of Work (PoW) method to Proof of Stake (PoS). PoS will consume fewer electricity resources during mining compared to PoW.

Proof of Stake can also make attacks on the blockchain more difficult. It will cost too many resources to make an attack on the chain. One downside of the PoS consensus mechanism is the large number of coins required before a forger is allowed to make a stake.

Blockchain technology is designed to be secure and immune to cyber-attacks. It is the most difficult task to hack a blockchain. However, this is not to say it is entirely impossible. Some of the common techniques hackers use are the 51% attack and Distributed Denial of Service (DDoS). DDoS tries to send multiple requests to shut down the blockchain server.

For these reasons, a secure protocol is needed to continuously keep the network from malicious attacks. There is a lot of ongoing research to develop better methods to protect the blockchain.

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