Cryptocurrency Market is Expected to Grow at an active CAGR by Forecast to 2028 – TechnoWeekly

Cryptocurrency Market 2020: Latest Analysis:

The most recent Cryptocurrency Market Research study includes some significant activities of the current market size for the worldwide Cryptocurrency market. It presents a point by point analysis dependent on the exhaustive research of the market elements like market size, development situation, potential opportunities, and operation landscape and trend analysis. This report centers around the Cryptocurrency-business status, presents volume and worth, key market, product type, consumers, regions, and key players.

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The prominent players covered in this report: Companies:Bitmain, NVIDIA, Xilinx, Intel, Advanced Micro Devices, Ripple, Bitfury, Ethereum Foundation, CoinBase, BitGo, and Binance

The market is segmented into By Application (Remittance, Trading, Payment, Retail and E-Commerce), By Process (Transaction and Mining), By Offering (Software and Hardware).

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This is anticipated to drive the Global Cryptocurrency Market over the forecast period. This research report covers the market landscape and its progress prospects in the near future. After studying key companies, the report focuses on the new entrants contributing to the growth of the market. Most companies in the Global Cryptocurrency Market are currently adopting new technological trends in the market.

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Cryptocurrency Market is Expected to Grow at an active CAGR by Forecast to 2028 - TechnoWeekly

Meet Brock Pierce, the Drug-Legalizing Cryptocurrency Entrepreneur on the Presidential Ballot in 16 States – Reason

Odds are you've heard about the nontraditional presidential candidacy of a certain Kanye West. Chances are decent, too, that you may recall the late-breaking run last time around by independent ex-CIA agent Evan McMullin.

But what if I told you that there was a 2020 candidate on more ballots than either the rapper or the Mormon, who also happened to be a fiscally hawkish cryptocurrency entrepreneur whose policy page begins with "Re-legalizing cannabis" and ends with "Your body is yours"?

Meet Brock Pierce, one of the more unusual characters to ever make it on the presidential ballot of 16 states. Pierce in his four decades on the planet has been a child actor (The Mighty Ducks), teenaged dot-com cautionary tale (at the notorious Digital Entertainment Network), online gaming pioneer, and founder of the cryptocurrency Tether. Controversy has followed him at every step, including during his 17 weeks as White House aspirant. (See this July interview with Forbes for Pierce's responses to several of the accusations.)

"I obviously identify with and resonate with and connect with my libertarian brothers and sisters on so many levels," Pierce told me in a phone interview Saturday. And yet, like Unity 2020's Bret Weinstein (with whom Pierce says he's had several conversations), the independent believes our current political crisis is grave enough ("we're probably going to have another wave of riots, potentially civil war, economic sort of carnage," he says) that all pre-existing third parties, as well as millions of disgruntled Democrats and Republicans, should assemble into a cross-partisan movement based more on values and integrity than tribal loyalty and narrow ideology.

Pierce, to be sure, also favors policies libertarians might find less congenial, such as a Universal Earned Income and re-writing Section 230 of the Communications Decency Act.

Regardless, he vows, this is only the beginning: "I think by November 5, I'm going to announce that I've already got 35 to 40 states [ballot access] already done" for 2024, he says. This may be the first time you've heard of Brock Pierce, but he swears it won't be the last.

The following is an edited version of our conversation.

---

Reason: Why the hell are you running for president, Brock Pierce?

Pierce: I can summarize it in one word: love.

Reason: Wow.

Pierce: Love for this country. Love for the American people at a time where we need love and unity. These United States feel very much like the divided states right now. We're divided politically, economically, racially. We face very real existential threats environmentally, technologically, arguably pandemically. Conflicts potentially with other nation-states. We have to find a path to unity, we need visionary leadership that has their finger on the pulse regarding things like technology, fiscal policy, the list goes on.

Reason: You joined us in July, right? Why so kind of late in the scheme of things, or what wasthe triggering mechanism that caused you to jump in in July, as opposed to July of the previous year?

Pierce: Well, I'm an independent candidate, and so July 4 is the day that I announced. An auspicious day for an independent candidate!

I turn 40 in two weeks, and so I am laying the foundation and the groundwork for a presidential run in 2024. I'll have been running for essentially four and a half years.

Reason: I see. So look, I write for a libertarian magazine, we're really disproportionately into stuff like blockchains, like ending the war on drugs, legalizing marijuana, balancing the budget. You've got all of those things checked off, and in fact, they are prominent in your emphases. Why not take a run at the Libertarian Party, which actually has ballot access in 50 states?

Pierce: I obviously identify with and resonate with and connect with my libertarian brothers and sisters on so many levels. The thing that I think needs to happen though is, we have to find a way of uniting the third parties. The last third-party candidate to be elected president was Abraham Lincoln. And Abraham Lincoln was able to unite the third parties by creating a government of rivals, you know, divided we fall, united we stand. Clearly we need to bring on the libertarian community. We gotta like Voltron with all of these groups, because we are bigger, the independents are bigger, than the Republicans, the independents are bigger than the Democrats. But we're consistently divided. And so I clearly intend to speak to and connect with libertarians.

In terms of 50-state ballot access, I've got that solved already. I was able to do 16 states, and could have done 25 at least, and that's starting on July 4. It took the Libertarian Party probably a couple of decades to figure out how to do it; I've got it figured out in six months. It's not that hard.

Reason: What are the big priorities, or things that you think need to be changed, that your independent candidacy or presidency is uniquely poised to address or affect?

Pierce: Well, I think part of it is how we measure and define our success. What is our aim as a nation? If you don't have an aim or a vision, you're going to wander aimlessly. And so, how do we create a unified vision as a country?

One of the things I like to talk about is, the way that we've been measuring our success historically as a nation has been by growth, or GDP. The problem with growth is it assumes that we have infinite resources, which we've known for quite a while we don't have. It also doesn't differentiate between positive and negative growth, and we also have a lot of crony capitalism, right? And so I think how we measure and define our success is a conversation that needs to be had.

The founders of this country had a wonderful intention for us, which was "life, liberty, and the pursuit of happiness." And so here's an idea that I propose: What if we started to measure our success by life expectancy? Did you know that life expectancy in this country has been in decline the last few years, despite all the advancements in medicine, science, and technology? What if we started to measure our success by life? Policy and everything would start to change, and we'd start to have real wealth, which is our individual health.

What if we started to define and measure our success as a nation by our liberty? We are supposed to be the Land of the Free, after all. But we have more people in prison than any other country in the world, in total and per capita. It doesn't sound like liberty is the goal. I believe in law and order; I think it's a foundation of a well-functioning society. But it's meant to protect and serve. Our police departments are arresting more people to get a bigger budget to hire more cops to arrest more people to get a bigger budget to hire.It's growth, it's just infinite growth, it's blind growth, it's not mindful growth, it's not thoughtful growth. And so, what if we started to measure our success by liberty?

And then, of course, happiness. There's already countries around the world that are measuring their success by happiness. So how do we upgrade the operating system of the United States? How do we define and measure our success? Because growth is not going to work anymore. So that's just one concept.

Another thing is, let's talk about the U.S. dollar. The U.S. dollar is the foundation of this nation, the foundation of this nation's economy. If something negative were to happen to the dollar, it would have very material adverse effects on all of our lives, all of our businesses, and all of our institutions. And it is at risk because of our national debt, because of our fiscal policy. Did you know that 22 percent of all dollars in existence were created this year?

Reason: Wow, I did not.

Pierce: I mean, that's a frightening number, isn't it? [The dollar] is at risk because of the things that we're doing here domestically that are eroding faith, trust, and confidence in it. And it's also at risk because of external threats.

One of the things I did is I created the U.S. digital dollarin 2014, which is doing $10 trillion a year in transactional volume. Governments around the world are using that framework to enhance their currency with technology. The Chinese government is years ahead of everyone else with their new Chinese digital Wuan. We don't even talk about fiscal policy in our election. I mean, these things matter, and they're not being discussed.

Technology itself beyond just the dollar is also We know technology is changing the world, and it's doing so at an accelerated pace. Our technology leaders [just] testified before our elected officials, I mean, the questions they're asking are embarrassing. At a time where the impact of technology is very real and technology is a tool, it is not good or bad, it's how we use it will determine the impact it has. I mean, look at The Social Dilemma on Netflix, and how technology is impacting our democracy. The potential risks to free speech and the censorship that's starting to happen. Which is not new, it just is becoming visible, and the whole country at leastis starting to see it.

Now with artificial intelligence, automation, roboticsI mean, the landscape of work is going to be changing rapidly. There are three and a half million truck drivers in this country, then add [the drivers for] Uber, Lyft, and taxis. This is not science fiction: Driverless cars, driverless trucks, they're on the road already over the course of the next four to eight years. Then we're talking about tens of millions of jobs that are going to disappear because they've been replaced by technology. We need leadership, visionary leadership with the foresight to navigate the road ahead with their finger on the pulse.

I continue back to the war on drugs: Yes, we need to end that. Let's re-legalize nature. When did we outlaw nature to begin with and why? Oh yeah, it was for plastic, cotton, and paper. So we outlawed nature because our new products couldn't compete with hemp. I think it's important to do that. Let's end this war on drugs, let's end locking people up in prison for victimless crimes, for cannabis-related things, and so forth. The answer for drug addiction isn't locking people up in cages at great expense to the American people. This is a social issue, a mental health issue. Let's actually help people help themselves to live a more prosperous life.

Reason: Silicon Valley companies [are] being hauled in front of Congress. It's now kind of a bipartisan agreement, which is usually a scary moment, to rewrite Section 230 of the Communications Decency Act. Where do you stand on that narrow question of, should that be rewritten in some way to affect the behavior of the Silicon Valley giants?

Pierce: I think the answer is yes. You're either a platform or a publisher. As a platform, you don't have liability because you are permitting free speech. The moment you choose to be a publisher and censor, then you become liable. You can't have your cake and eat it, too, and define what you are. If you want to be a platform, be a platform; if you want to be a publisher, be a publisher. These are companies that have that choice. You just can't have both.

Reason: We have a comments section. Are we liable for every damn fool thing our commenters say, under your vision?

Pierce: Now, yeah, we're getting further narrowI mean, this is back to publisher or platform.

Reason: I mean, we're a publisher that allows people

Pierce: That's tier two of the question. Tier one is, are you censoring speech as a social media platform? Or as a publisher, do you have comments sections? I think that's a secondary issue. I think the primary issue is as the platforms, are they censoring major speech? When we're getting into the nitty-gritty details of your comments section, I think that's a lesser issue, but I see the point that you're making.

Reason: It's just that the platform-publisher distinction can be a gray area, and when you increase the legal

Pierce: Agreed, and I think they're two very different issues. One is the comment sections and what your users are saying. Another is literally manipulating what an entire world, the nation, sees. I don't know if you saw the leaked Google video where you had the senior Google executives saying that "we're just going to make it so that conservative opinions are not seen by anyone." I mean, they're very different issues but they fall into the same vein.

Reason: Talking about the truckers who are going to be replaced by automated drivingthis gets into some Andrew Yangism. He had the Universal Basic Income idea. You have the Universal Earned Income. Talk about that a little bit.

Pierce: So if we have tens of millions of jobs that are going to be disappearing because of technologywhich doesn't need to be a bad thing; I get up and I live to work, I live to serve. But a lot of people work to live or to survive.We can't have tens of millions of people desperate. If tens of millions of people are desperate to survive, the pitchforks come out, so we have to find a solution to give people the necessary safety net to become re-skilled, to retrain, to find other ways to be productive members of society.

I think Universal Earned Income is the answer, similar to Universal Basic Income, except for there's an earned component. How do you earn it? Is it by voting? Is it by being an American citizen? Is it you make your first dollar and then you just proceed the rest? These are the questions in the conversation that I wish to continue to have with all those parties that are interested in doing it.

Reason: So you are talking about unity, and getting people on the same page. Do you think in these times when we have a lot of polarized, tribal rhetorical warfare with one another, in which, for instance, Hollywood and Silicon Valley are seen as being definitely on one side of this issuethat's kind of where you come from! Are you the person to convince people who are skeptical of those major centers of power to rally around an independent flag?

Pierce: I hope so. I mean, my message resonates with people on the far left and the far right, because I think I'm like a majority of Americans: people that want to live and let live, to take responsibility for our actions. I think the majority of us are in the middle. We've just been divided through these very polarized two limited choices that we have. You're like, "Well, I don't like that, I'm against that. Therefore, I'm going to vote for this." I think as a nation, it's less about what we're against. We have to get out of that mindset and start to think about what we're for. What do we stand for?

And I think that's a big part of the problem. I mean like 70 percent of Democrats and Republicans are unhappy with their choices. So I think this country is going to stay in this perpetual loop until we start to act according to our conscience, to vote our conscience, not to vote out of fear, but to vote for what we believe in. I think that we need more choices. Hence, I'm presenting another one here now.

Reason: You started this conversation with the word "love." On your website, one of your five major areas is "Regeneration." Am I wrong to detect a little bit of overlap with Marianne Williamson here? There's a spiritual component of yours that people might associate with a more kind of New Age uplift.

Pierce: You could call it "spirituality," if that's what resonates with you. I'm a very spiritual person. But it's also all very logical. It's based upon common sense, very logical sensible ideas. I'm a fan of Marianne Williamson and Andrew Yang. And if the things that I'm doing trigger in a positive way those associations, I'm glad to hear it. You're the first person to have said that.

Reason: Speaking of weird associations, or associations regardless of what one thinks about them, according to the very well-informed website Wikipedia, you did business with Steve Bannon at one point, 12, 13 years ago.

Pierce: Steve worked for me in my mid-20s.

Reason: What is your reflection on his role in the American political conversation since?

Pierce: Well, when he worked for me, he was still an investment banker. And so, he was my deal guy that executed my financings and things of that nature. So his foray into the political realm occurred after his tenure of working for me. It's been interesting to seeI guess inspiring in the sense that I saw someone basically jump into politics and fairly quickly ascend all the way through the ranks almost as far as one could go. But Steve and I are obviously very different people.

Reason: Building on that, you're running against Donald Trump and Joe Biden in the year 2020. What is your biggest criticism of each?

Pierce: I tend not to get into criticisms of others. I mean, there's so much of that happening right now. If you turn on your television, you open up anything, it's pretty much all negative sort of messaging towards the two major-party candidates. So I don't really spend time on that.

I'd say that the big difference is that I've got a strong technology background. I've been on the forefront of innovation for a very long time. I'm half of Joe Biden's age, like, exactly: I'm 39; he's 78. And so I think that we're going to need younger leadership over the course of this next decade. Most of our leadership historically have been in their 40s and 50s; typically, our presidents are not in their 60s, certainly not in their 70s, ever. The oldest president ever elected in U.S. history in their first term was Donald Trump at 70. This is all new territory, at a time where I think we need people that are more in touch with the present reality.

Reason: What do you worry is going to happen in the next four years regardless of who wins?

Pierce: It's going to be a rough road. I wish I could say otherwise. The ripple effects of shutting down the U.S. economy, the impact on the American Dream, unemployment, the 22 percent more dollarsand that's going to be a lot more over the next year. We're in for a lot of trouble and a lot of polarization. Just the next week aloneI mean, we're probably going to have another wave of riots, potentially civil war, economic sort of carnage.

That's why I'm running for office. I think we're doomed if we don't do something different, and I'm not the type of person that just sits on the sidelines; I'm going to do everything I can to fix it. That just means delivering a message and sharing vision and ideas. I don't care who implements it. If these things get implemented and everybody wins, that's good enough for me.

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Meet Brock Pierce, the Drug-Legalizing Cryptocurrency Entrepreneur on the Presidential Ballot in 16 States - Reason

PayPal, Venmo to Offer and Accept Cryptocurrency for All Online Payments – Niche Gamer

PayPal has announced theyre going to start accepting various cryptocurrencies as a form of payment and money for the first time, allowing their users to buy, store, and sell popular cryptocurrencies. The platform holder is expected to roll out support for crypto later this year.

This makes PayPal the first major company in the financial tech sector to officially adopt virtual currencies. Compared to their competitor, Square, who only support bitcoin, PayPal will support bitcoin, Ethereum, Bitcoin Cash, and Litecoin.

Furthermore, PayPal will even extend support for cryptocurrencies on their money-sending subsidiary, Venmo, as well as international markets beginning early next year. This fall, PayPal is starting with the rollout of cryptocurrency support to their US customers in the coming weeks.

The shift to digital forms of currencies is inevitable, bringing with it clear advantages in terms of financial inclusion and access; efficiency, speed and resilience of the payments system; and the ability for governments to disburse funds to citizens quickly, PayPal CEO Dan Schulman said in a statement. Our global reach, digital payments expertise, two-sided network, and rigorous security and compliance controls provide us with the opportunity, and the responsibility, to help facilitate the understanding, redemption and interoperability of these new instruments of exchange.

Schulman added that PayPal is eager to work with central banks and regulators around the world in supporting cryptocurrency.Reuters noted that transactions on PayPal will be settled using traditional fiat currency, meaning merchants wont have to transfer digital currency into dollars after a transaction.

There is one catch, however, as you can only hold the cryptocurrencies you buy on PayPal in your PayPal account, as confirmed in theirFAQ. They also add that crypto in your account cannot be transferred to other accounts on or off PayPal. This is an odd stance when compared to popular crypto exchanges, which let you sell or transfer crypto between accounts and other platforms.

This is Niche Gamer Tech. In this column, we regularly cover tech and things related to the tech industry. Please leave feedback and let us know if theres tech or a story you want us to cover!

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PayPal, Venmo to Offer and Accept Cryptocurrency for All Online Payments - Niche Gamer

Quantum computers could soon reveal all of our secrets. The race is on to stop that happening – ZDNet

A fully-fledged quantum computer that can be used to solve real-world problems. For many computer scientists, the arrival of such a device would be their version of the Moon landings: the final achievement after many decades of research -- and the start of a new era.

For companies, the development could unlock huge amounts of wealth, as business problems previously intractable for classical computers are resolved in minutes. For scientists in the lab, it could expedite research into the design of life-saving drugs.

But for cryptographers, that same day will be a deadline -- and a rather scary one. With the compute power that they will be capable of, large-scale quantum devices effectively pose an existential threat to the security protocols that currently protect most of our data, from private voice notes all the way to government secrets.

SEE: Network security policy (TechRepublic Premium)

The encryption methods that are used today to transform data into an unreadable mush for anyone but the intended recipients are essentially a huge maths problem. Classical computers aren't capable of solving the equation in any useful time frame; add some quantum compute power, though, and all of this carefully encoded data could turn into crystal-clear, readable information.

The heart of the problem is public key encryption -- the protocol that's used to encode a piece of data when it is sent from one person to another, in a way that only the person on the receiving end of the message can decode. In this system, each person has a private cryptography key as well as a public one, both of which are generated by the same algorithm and inextricably tied to each other.

The publicly-available key can be used by any sender to encrypt the data they would like to transmit. Once the message has arrived, the owner of the key can then use their private key to decrypt the encoded information. The security of the system is based on the difficulty of figuring out a person's private key based on their public one, because solving that problem involves factoring huge amounts of numbers.

Inconveniently, if there's one thing that quantum computers will be good at, it's crunching numbers. Leveraging the quasi-supernatural behaviour of particles in their smallest state, quantum devices are expected to one day breeze through problems that would take current supercomputers years to resolve.

That's bad news for the security systems that rely on hitherto difficult mathematics. "The underlying security assumptions in classical public-key cryptography systems are not, in general, quantum-secure," says Niraj Kumar, a researcher in secure communications from the school of informatics at the University of Edinburgh.

"It has been shown, based on attacks to these keys, that if there is quantum access to these devices, then these systems no longer remain secure and they are broken."

Researchers have developed quantum algorithms that can, in theory, break public-key cryptography systems.

But as worrying as it sounds, explains Kumar, the idea that all of our data might be at risk from quantum attacks is still very much theoretical. Researchers have developed quantum algorithms, such as Shor's algorithm, that can, in theory, break public-key cryptography systems. But they are subject to no small condition: that the algorithms operate in a quantum computer with a sufficient number of qubits, without falling to noise or decoherence.

In other words, a quantum attack on public-key cryptography systems requires a powerful quantum computer, and such a device is not on any researcher's near-term horizon. Companies involved in the field are currently sitting on computers of the order of less than 100 qubits; in comparison, recent studies have shown that it would take about 20 million qubits to break the algorithms behind public-key cryptography.

Kumar, like most researchers in the field, doesn't expect a quantum device to reach a meaningful number of qubits within the next ten or 20 years. "The general consensus is that it is still very much a thing of the future," he says. "We're talking about it probably being decades away. So any classical public-key cryptography scheme used for secure message transmission is not under imminent threat."

NIST, the US National Institute of Standards and Technology, for its part estimates that the first quantum computer that could pose a threat to the algorithms that are currently used to produce encryption keys could be built by 2030.

Don't let the timeline fool you, however: this is not a problem that can be relegated to future generations. A lot of today's data will still need to be safe many years hence -- the most obvious example being ultra-secret government communications, which will need to remain confidential for decades.

This type of data needs to be protected now with protocols that will withstand quantum attacks when they become a reality. Governments around the world are already acting on the quantum imperative: in the UK, for example, the National Cyber Security Centre (NCSC) has accepted for several years now that it is necessary to end reliance on current cryptography protocols, and to begin the transition to what's known as 'quantum-safe cryptography'.

Similarly, the US National Security Agency (NSA), which currently uses a set of algorithms called Suite B to protect top-secret information, noted in 2015 that it was time to start planning the transition towards quantum-resistant algorithms.

As a direct result of the NSA's announcement five years ago, a global research effort into new quantum-safe cryptography protocols started in 2016, largely led by NIST in the US. The goal? To make classical public-key cryptography too difficult a problem to solve, even for a quantum computer -- an active research field now called 'post-quantum cryptography'.

NIST launched a call for help to the public, asking researchers to submit ideas for new algorithms that would be less susceptible to a quantum computer's attack. Of the 69 submissions that the organization received at the time, a group of 15 was recently selected by NIST as showing the most promise.

SEE: Security Awareness and Training policy (TechRepublic Premium)

There are various mathematical approaches to post-quantum cryptography, which essentially consist of making the problem harder to crack at different points in the encryption and decryption processes. Some post-quantum algorithms are designed to safeguard the key agreement process, for example, while others ensure quantum-safe authentication thanks to digital signatures.

The technologies comprise an exotic mix of methods -- lattices, polynomials, hashes, isogenies, elliptic curves -- but they share a similar goal: to build algorithms robust enough to be quantum-proof.

The 15 algorithms selected by NIST this year are set to go through another round of review, after which the organisation hopes to standardise some of the proposals. Before 2024, NIST plans to have set up the core of the first post-quantum cryptography standards.

NCSC in the UK and NSA in the US have both made it clear that they will start transitioning to post-quantum cryptography protocols as soon as such standards are in place. But government agencies are not the only organisations showing interest in the field. Vadim Lyubashevsky, from IBM Research's security group, explains that many players in different industries are also patiently waiting for post-quantum cryptography standards to emerge.

"This is becoming a big thing, and I would say certainly that everyone in the relevant industries is aware of it," says Lyubashevsky. "If you're a car manufacturer, for example, you're making plans now for a product that will be built in five years and will be on the road for the next ten years. You have to think 15 years ahead of time, so now you're a bit concerned about what goes in your car."

For IBM's Vadim Lyubashevsky, many players in different industries are patiently waiting for post-quantum cryptography standards to emerge.

Any product that might still be in the market in the next couple of decades is likely to require protection against quantum attacks -- think aeroplanes, autonomous vehicles and trains, but also nuclear plants, IoT devices, banking systems or critical telecommunications infrastructure.

Businesses, in general, have remained quiet about their own efforts to develop post-quantum cryptography processes, but Lyubashevsky is positive that concern is mounting among those most likely to be affected. JP Morgan Chase, for example, recently joined research hub the Chicago Quantum Exchange, mentioning in the process that the bank's research team is "actively working" in the area of post-quantum cryptography.

That is not to say that quantum-safe algorithms should be top-of-mind for every company that deals with potentially sensitive data. "What people are saying right now is that threat could be 20 years away," says Lyubashevsky. "Some information, like my credit card data for example -- I don't really care if it becomes public in 20 years. There isn't a burning rush to switch to post-quantum cryptography, which is why some people aren't pressed to do so right now."

Of course, things might change quickly. Tech giants like IBM are publishing ambitious roadmaps to scale up their quantum-computing capabilities, and the quantum ecosystem is growing at pace. If milestones are achieved, predicts Lyubashevsky, the next few years might act as a wake-up call for decision makers.

SEE: Quantum computing: Photon startup lights up the future of computers and cryptography

Consultancies like security company ISARA are already popping up to provide businesses with advice on the best course of action when it comes to post-quantum cryptography. In a more pessimistic perspective, however, Lyubashevsky points out that it might, in some cases, already be too late.

"It's a very negative point of view," says the IBM researcher, "but in a way, you could argue we've already been hacked. Attackers could be intercepting all of our data and storing it all, waiting for a quantum computer to come along. We could've already been broken -- the attacker just hasn't used the data yet."

Lyubashevsky is far from the only expert to discuss this possibility, and the method even has a name: 'harvest and decrypt'. The practice is essentially an espionage technique, and as such mostly concerns government secrets. Lyubashevsky, for one, is convinced that state-sponsored attackers are already harvesting confidential encrypted information about other nations, and sitting on it in anticipation of a future quantum computer that would crack the data open.

For the researcher, there is no doubt that governments around the world are already preparing against harvest-and-decrypt attacks -- and as reassuring as it would be to think so, there'll be no way to find out for at least the next ten years. One thing is for certain, however: the quantum revolution might deliver some nasty security surprises for unprepared businesses and organisations.

Read more:
Quantum computers could soon reveal all of our secrets. The race is on to stop that happening - ZDNet

Google shares details of a Windows Kernel Cryptography Driver security flaw that’s being exploited by hackers – BetaNews

Google has shared details of a bug in the Windows Kernel Cryptography Driver (cng.sys) which is currently being exploited in the wild by hackers.

The Project Zero team had already privately shared details of the security flaw with Microsoft a little over a week ago, but now that it is being actively exploited the company has gone public. The zero-day flaw is being tracked as CVE-2020-117087, and it is not likely to be addressed by Microsoft for a couple of weeks.

See also:

A post on the Project Zero page explains: "The Windows Kernel Cryptography Driver (cng.sys) exposes a DeviceCNG device to user-mode programs and supports a variety of IOCTLs with non-trivial input structures. It constitutes a locally accessible attack surface that can be exploited for privilege escalation (such as sandbox escape)".

The Project Zero team made Microsoft aware of the security flaw back on October 22, but now it says: "We have evidence that the following bug is being used in the wild. Therefore, this bug is subject to a 7 day disclosure deadline".

Ben Hawkes from Project Zero took to Twitter to say:

In a statement, Microsoft responded to the disclosure by saying:

Microsoft has a customer commitment to investigate reported security issues and update impacted devices to protect customers. While we work to meet all researchers' deadlines for disclosures, including short-term deadlines like in this scenario, developing a security update is a balance between timeliness and quality, and our ultimate goal is to help ensure maximum customer protection with minimal customer disruption.

Image credit: Primakov / Shutterstock

Continued here:
Google shares details of a Windows Kernel Cryptography Driver security flaw that's being exploited by hackers - BetaNews

Google discloses Windows zeroday bug exploited in the wild – We Live Security

The security hole isnt expected to be plugged until the forthcoming Patch Tuesday bundle of security fixes

Googles Project Zero researchers have disclosed details about a zero-day vulnerability in Windows that they say is being exploited by attackers.

The memory-corruption flaw resides in the Windows Kernel Cryptography Driver (cng.sys) and, according to Google, constitutes a locally accessible attack surface that can be exploited for privilege escalation (such as sandbox escape).

The researchers also released proof-of-concept (PoC) code that theyd tested out on a recent version of Windows 10 (version 1903, 64-bit) and believe that the security bug could have been around since Windows 7, potentially meaning that all versions from Windows 7 through 10 could be affected.

Per media reports, the flaw is being exploited in conjunction with another zero-day, which is indexed as CVE-2020-15999 and affects FreeType, a widely used software development library that is also part of the Google Chrome web browser.

Google reported the discovery of the newly-found bug, which is tracked asCVE-2020-17087, to Microsoft, but since it found evidence of the loophole being exploited in the wild, it opted for a seven-day disclosure deadline.

Currently, the security loophole doesnt have a patch, but Project Zeros technical lead Ben Hawkes tweetedthat they do expect one to be released on November 10th, which coincides with the upcoming Patch Tuesday.

Microsoft, meanwhile, provided this statement toTechCrunch:

Microsoft has a customer commitment to investigate reported security issues and update impacted devices to protect customers. While we work to meet all researchers deadlines for disclosures, including short-term deadlines like in this scenario, developing a security update is a balance between timeliness and quality, and our ultimate goal is to help ensure maximum customer protection with minimal customer disruption.

A company spokesperson also went to add that the attack seems to be quite limited and that there is no proof pointing to it being a widespread issue. The attacks are thought to be unrelated to the upcoming US presidential election.

Since the beginning of this year, Microsoft has disclosed and patched several severe bugs in Windows, including a pair of zero-days back in March and another zero-day, which was found by the United States National Security Agency (NSA).

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Google discloses Windows zeroday bug exploited in the wild - We Live Security

Quantum Computing Expert Warns Governments May Be First to Crack Algorithms Keeping Bitcoin and the Internet Secure – The Daily Hodl

Applied mathematician Peter Shor says government agencies could be the first to figure out a way to enable quantum computers to break algorithms that keep Bitcoin and the internet secure.

In an interview with Nature Magazine, the MIT professor of applied mathematics talks about the looming possibility that quantum computers can crack encryption keys, called RSA, that keep the internet and cryptocurrencies safe from security threats. Shor says that if theres anyone who can break the RSA first, it will be government bodies such as the National Security Agency (NSA).

The first people who break RSA either are going to be NSA or some other big organization. At first, these computers will be slow. If you have a computer that can only break, say, one RSA key per hour, anything thats not a high priority or a national-security risk is not going to be broken. The NSA has much more important things to use their quantum computer on than reading your e-mail theyll be reading the Chinese ambassadors e-mail.

Crypto enthusiasts are keeping close tabs on developments in the quantum computing space as the technology threatens to break the cryptographic algorithms that keep cryptocurrencies like Bitcoin secure. The World Economic Forum describes how quantum computing machines can crack the existing standards of encryption.

The sheer calculating ability of a sufficiently powerful and error-corrected quantum computer means that public-key cryptography is destined to fail, and would put the technology used to protect many of todays fundamental digital systems and activities at risk.

Recently, industrial powerhouse Honeywell announced that it built the System Model H1 quantum computer, which the company touts generates the highest quantum volume in the entire industry.

As to whether quantum computing poses an existential threat to the crypto industry, Ripple CTO David Schwartz says it could become powerful enough to break cryptographic algorithms within a decade.

I think we have at least eight years. I have very high confidence that its at least a decade before quantum computing presents a threat, but you never know when there could be a breakthrough. Im a cautious and concerned observer, I would say.

Featured Image: Shutterstock/archy13

Original post:
Quantum Computing Expert Warns Governments May Be First to Crack Algorithms Keeping Bitcoin and the Internet Secure - The Daily Hodl

Quantum Cryptography Market 2020 Global Innovations, Competitive Analysis, New Business Developments and Top Companies Global Forecast to 2026 -…

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Quantum Cryptography Market 2020 Global Innovations, Competitive Analysis, New Business Developments and Top Companies Global Forecast to 2026 -...

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Quantum Cryptography Market Growth, Analysis and Forecast to 2026 Key Players: HP, Alibaba Group, McAfee, Raytheon - Bipartisan Millennial

Zoom launches end-to-end encryption for free meetings with a catch – TechCrunch

Zoom, the video calling company that millions turned to during the pandemic, has finally launched end-to-end encrypted video calls for free accounts.

The company said last week that it was readying the feature, months after it drew criticism for denying end-to-end encrypted calls to free users, effectively drawing a line between paid users whose conversations could not be accessed by Zoom and those with free accounts whose conversations werent as private.

Zoom said the new end-to-end encryption feature, which makes it much harder for anyone outside of the video call including Zoom access to the conversation, will roll out as a technical preview starting in Zoom 5.4.0 for desktop and mobile apps.

Zoom acquired Keybase in May in part to bring its encryption technology to Zoom calls.

But theres a catch or a handful.

Because end-to-end encryption has to be enabled for every user joining the call, some other features will not be available. Users on an encrypted call wont be able to use Zooms cloud recording, live transcription, and meeting reactions features, and participants wont be able to join the call by phone or use one-to-one private chat. And, all participants have to use a Zoom app that supports end-to-end encryption, as the browser version will not work.

Any free account wanting to use end-to-end encryption will have to verify a phone number and add billing information which Zoom says is necessary to prevent abuse.

Zooms chief information security officer Jason Lee said end-to-end encryption was a highly requested feature from our customers, and were excited to make this a reality. Its better late than never.

Read more from the original source:
Zoom launches end-to-end encryption for free meetings with a catch - TechCrunch