Artificial intelligence applications in health care on the rise – BioWorld Online

Columbia University professor and robotics engineer Hod Lipson knows the importance of artificial intelligence (AI) on a global level.

It permeates everything we do, from the stock market, from predicting the weather to what product youre going to buy, he said Wednesday during the second day of the virtual Ai4 2020 conference. Its even grading essays. You name it.

AI falls into the category of an exponential technology, meaning it accelerates with time. It is not just getting faster, but it doubles at a regular frequency and pace, and there are four major drivers:

Both biopharma and med-tech companies are increasingly pulling the technology into their business operations, working on programs that can assist in everything from drug discovery and clinical trial recruitment to precision diagnostics and patient compliance efforts.

Computing power has doubled every 20 months or so for the past 120 years, Lipson said, moving from mechanical instruments to graphics processing units (GPUs) today. Data-driven AI, however, is growing at a far faster pace than computing power, doubling every six months.

Were not talking about emails and web clicks and transactions. Were talking about things that are hard to capture, Lipson said. Its what you radiate when you walk down the street. Its the DNA when you touch something.

Data-driven AI is different from rule-based AI in that the engineer shows the computer what to do instead of telling it what to do. Rule-based AI systems, for example, employ a rule for suspicious credit card transactions, flagging accounts when a person suddenly spends three times more than in previous months, to spot fraudulent activity. Most AI systems in use today are built on rules.

Data-driven AI is a little more opaque, but the value of this approach is you dont need to understand the rules. You just need to give it examples, Lipson said.

Experts can be slow, expensive and frequently wrong, but with data-driven AI, all you need to improve the system is to give it more data. Its amazing that this simple idea works for everything. Driving a car, it learns, and it learns and it knows what to do from all of these examples.

An even faster exponential technology than computing power and data-driven AI is the machines capacity to learn, which doubles every three months, Lipson said.

Up until a decade ago, despite a surplus of data and machine learning, there were certain things AI was not able to do, like tell the difference between a cat and a dog. The AI community formed a competition to see if anyone could write software to solve this problem, and a group in Toronto presented what is called deep learning, in which the old-fashioned AI neural networks are stacked many layers deep. By 2017, the technology advanced to the point of only having a 3% error in terms of telling the difference between a cat and a dog.

So for the first time in history, machines are better than humans in what they see, Lipson said.

The fourth driver of AI is the cloud, which basically leads to AI teaching other AI systems. A driverless car, for instance, can teach and share its experience with other driverless cars, so the knowledge builds on itself, unlike with humans who do not necessarily learn from other drivers experiences. Doctors, also, do not become better doctors because of the number of doctors in the world and their experiences.

The cloud allows AI to teach AI and that is, at the core, a self-amplifying technology, Lipson said.

Applications in diagnostics, patient compliance

In the field of health care, AI can assist in finding patients for clinical trials and in narrowing down drug candidates to those with the highest potential. It also may play a role in cutting spending and improving care by reducing false diagnosis and overtreatment. Most AI in health care applications focus mainly on data from medical imaging, but convergent AI brings together all relevant patient information.

At Houston Methodist, scientists created a breast cancer risk calculator, pulling in data from PACS (Picture Archiving and Communication System), other raw data, mammography and ultrasound, and breast image features analyses. They then provide free test reports. With 23 million mammograms done annually in the U.S., about 10% are false positives, and 55% to 85% of breast biopsies show benign lesions. The estimated annual cost for over-biopsy and over-diagnosis in the U.S. is about $3 billion, said Stephen Wong, a chair professor and chief research informatics officer for Houston Methodist.

The waste goes much deeper beyond breast cancer. Administrative complexity across the health care system is wasting $265.8 billion each year, he said. But beyond reducing the wasted funds, AI has the potential to catch diseases with more precision than humans.

Many strokes in the U.S. are silent and missed, Wong said. Although computerized tomography (CT) scans are widely available at clinical sites and in emergency rooms (ERs), it is difficult to identify early ischemic changes and non-contrast CT images are noisy. There also are few stroke specialists in community hospitals and ERs. In general, about 30% of diagnosed strokes in ERs are not strokes and about 20% of them are missed.

About half of them are wrong, Wong said, leading his group to ask, Can we leverage AI to look at stroke detection so we can get to the right patient at the right place and right time, without missing anything?

Using deep learning in CT scans to de-noise the images and by employing MRI image mapping, early ischemic changes are more easily viewed, he said.

At King of Prussia, Pa.-based CSL Behring, which is focused on therapies based on human plasma, scientists built a forecasting system over the span of four months using data going back five years. Once COVID-19 hit, however, their single-digit errors rose to double-digits, forcing them to adjust.

When the world changes, your models have to change, said John Thompson, the companys global head of advanced analytics and AI. So we went back and collected data in the new world in the way the world was changing. We waited for four weeks and were retraining constantly, at which point, the models were trending back into single digit error terms again.

The company, which provides treatments for rare diseases such as hemophilia, also began looking to see if there are people who were not being accurately diagnosed with primary immunodeficiency disease (PID).

It looks like an allergic reaction in some cases, but also presents itself in other ways, Thompson said, so patients end up going to a variety of health care provider specialists to find out what is happening to their body. It can take years before a patient is accurately diagnosed.

With doctors records and prescribing behavior, the CSL team came up with a model and ran it through general population data, finding 16,000 people that most likely had the condition but were not diagnosed. About 1,000 of those patients were 80% to 90% through their patient journey.

That leads to a much lower quality of life, Thompson said.

Another area in which CSL has employed AI is in helping patients comply with their plasma-based therapies for several rare diseases. An analysis of different programs that were providing patients with an understanding of how to administer their therapies found that there was one, above all, that when patients had this support program, they complied and persisted on their therapies across the entire age bracket, Thompson said. Some complied at 80% or higher rates than patients not on the program.

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Artificial intelligence applications in health care on the rise - BioWorld Online

Global Artificial Intelligence for Automotive Market Industry: A Latest Research Report to Share Market Insights and Dynamics – Scientect

A fresh specialized intelligence report published by KandJ Market Research with the title Global Artificial Intelligence for Automotive Market Research Report By Types, Applications and Regions, Countries and Forecast to 2026 has the ability to help the decision-makers in the most important market in the world that has played a significantly important role in making a progressive impact on the global economy.

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The global Artificial Intelligence for Automotive market has been comprehensively analyzed in the report and presents the scope of growth of the market that can be expected during both the base period from the year 2016 to the year 2020 and for the forecast period from the year 2020 to the year 2026. The market overview of the Artificial Intelligence for Automotive industry is also included in the report. The trends that are expected to be successful during the forecast period due to the growth of the Artificial Intelligence for Automotive market are identified and are presented in detail. The Artificial Intelligence for Automotive market report is a valuable source of guidance.

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The global Artificial Intelligence for Automotive market growth can be either boosted or declined based on different factors. These factors are analyzed in detail to predict the effect that they can have on the global Artificial Intelligence for Automotive market and are categorized as such. These factors also play a major role in deciding the direction that the Artificial Intelligence for Automotive market can take. The market growth rate from the year 2016 to the year 2020 has been presented based on the volume of products sold and the value of each unit produced. The data has been forecast from the year 2020 to the year 2026.

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Artificial intelligence: A round-up of products with AI as a central function – IBC365

Initially focused on automating repetitive tasks, the integration of Artificial intelligence (AI) and machine learning (ML) is opening the door to many other useful applications. IBC365 takes a look at ten recent product launches and service evolutions, some of which have focused on solving the challenges brought about by the coronavirus health crisis.

1. AI-based ad insertion technologyUK-based Mirriad began using AI technology to digitally insert advertisements and products into movies and TV shows after they have been filmed. As reported by IBC365, Mirriad can digitally embed a branded bottle on a table, a new advertisement on an existing billboard, or a commercial running on the TV in the background. The companys platform uses AI to identify placement opportunities, and then employs visual effects technology to insert real-world objects that werent in the original shoot, or overlays existing brand imagery with new product shots. The idea has already generated attention among broadcasters and advertisers. Indeed, producers have been looking for ways to generate additional revenue from their back catalogues after production stalled during the COVID-19 pandemic.

2. AI in video codecs for optimising video flowsIBC365 also reported on how future advances on optimising video streaming workflows will be made in software that is automated by AI. Companies such as Haivision, Harmonic, InterDigital, iSize Technologies, and V-Nova are working on different ways of applying AI and ML techniques within video codecs.

3. Using AI/ML to convert horizontal to vertical formats for smartphonesFrench news channel BFMTV launched live vertical technology that automatically converts the horizontal frames of standard television streams to a vertical format that is better suited to smartphones. Altice-owned BFMTV collaborated with French start-up Wildmoka to develop the product, which allows the traditional horizontal format of television to be automatically rezoned into a mobile-friendly vertical format using AI and ML techniques. Wildmoka calls its product Auto ReZone, and designed it to provide a mobile-first, vertical viewing experience for news. The product extracts content from live streams or recorded videos, and automatically reconstitutes it into a mobile-first video format (typically 9:16 or 1:1). The tool uses AI and ML to detect all the zones of interest in each 16:9 frames; select a vertical layout/template suitable to fit the various zones of interest detected above; extract each zone from the horizontal frame and adjust them individually to fit the zone sizes of the target vertical layout; and re-compose the extracted zones and graphical elements into the overall final vertical frame.

4. AI in full RDK video-based productSoftAtHome launched a new video-based product based on the Reference Design Kit (RDK) open source software for the video industry, and which uses AI techniques for user-friendly navigation and personal data security. The product integrates multicast, DVB, live DASH streaming, a universal search aggregator, new premium video streaming apps, voice controls, and SoftAtHomes white-label ImpressioTV user interface. The company uses AI algorithms to help optimise the user experience and propose personalised content while keeping data private. In addition, AI-based voice control assets have been integrated into the RDK product to make navigation on TV screens more user-friendly.

5. Using AI and ML to prevent customer churnQligent introduced Foresight as a cloud-based service that uses AI, ML, and big data to mitigate content distribution issues, prevent churn, and protect service provider revenue. Foresight is designed to help broadcasters, MVPDs and OTT service providers understand and correlate factors that contribute to higher audience engagement by providing real-time data analytics based on system performance and user behaviour. The aim is to stop so-called silent sufferers from cancelling their subscriptions by predicting and preventing customer churn. AI and ML provide automated data collection, while deep learning technology mines data from hundreds or thousands of layers of data. Big data technology then correlates and aggregates the data for real-time, cloud-based quality assurance, helping service providers to quickly address distribution issues.

6. AI for managing the connected homeAmdocs launched doxi HomeOS, an AI-based cloud-native home operating system (OS) designed to enable service providers to move beyond basic connectivity services in the connected home. doxi HomeOS provides AI-based insights, simple voice commands and touch-free care capabilities to resolve customer support needs. The OS also offers enhanced cybersecurity monitoring capabilities and parental control over the growing number and usage of connected devices and apps in the home. Furthermore, doxi HomeOS offers consumers the ability to self-manage connectivity and WiFi settings as well as automated, AI-based notifications related to usage patterns and media and gaming consumption. Gil Rosen, general manager of amdocs:next, said doxi HomeOS is relevant for all broadband providers, ranging from incumbents looking to differentiate and grow services to CSPs rolling out 5G fixed wireless access to enhance home broadband connectivity.

7. AI in live transcription servicesEpiphan Video launched LiveScrypt as a live transcription service. LiveScrypt is a cloud and AI-based speech-to-text transcription service that enables audiences to engage with live events as they happen regardless of any hearing impediment, native language, or distraction. LiveScrypt is said to transcribe with at least 85% to 90% accuracy. It also adds punctuation and on-the-fly corrections based on the confidence of words in context. North American Industry Classification System (NAICS) codes for standardised industry-related terms are also supported for greater accuracy.

8. AI in robotic camerasTelemetrics introduced AI techniques as well as motion tracking and servo-mechanical excellence as standard on its latest robotic camera products and systems. For example, the OmniGlide robotic roving platform was improved with new ML algorithms, allowing its shot recall settings to intelligently find the best path within the space in which it is operating. This Path Planning means it can figure out the safest way between point A and point B, even when theres an obstruction (like a news desk) in between. This is accomplished in tandem with the Telemetrics RCCP-2A robotics and camera control panel running STS software.

9. AI for video-on-demand (VoD)SPI/ Film Box launched an AI-based content streaming service called FilmBox Plus. The multi-platform service merges linear and on-demand experiences through AI-supported linear channels and video-on-demand (VoD) content. SPI said the new service is an evolution of FilmBox Live, which has been active for over a decade. It is expected that FilmBox Plus will launch globally by the end of 2020, replacing FilmBox Live.

10. Corporate broadcasting using AI-based vPilotMobile Viewpoint partnered with BuckDesign to provide broadcast studio services, with a specific emphasis on companies looking to enhance their corporate communications and marketing initiatives. BuckDesign is using vPilot technology with AI automation from Mobile Viewpoint as part of its inhouse broadcast studio, which can be rented by companies wishing to deploy their own professional TV broadcast studio. vPilot is an automated studio system that controls multiple cameras without the need for an onsite director or camera operators. BuckDesign, in conjunction with vPilot, built its own studio in Alkmaar in North Holland that is available to corporates wishing to undertake a production without investing in a complete studio. For companies that wish to implement their own studio, BuckDesign can provide the full set-up from room design to implementation of the technology.

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Artificial intelligence: A round-up of products with AI as a central function - IBC365

How the Nittany Artificial Intelligence Alliance is aiming to solve real-world problems – The Daily Collegian Online

Artificial intelligence was initially conceptualized in the 1950s and has garnered strong potential for innovation in the 21st century, according to Harvard University. Today, AI is predicted to impact nearly every industry across the world.

Thats why one Penn State organization is seeking to offer students hands-on experiences in AI to create real-world solutions to problems.

The Nittany AI Alliance is approaching its fourth year as an organization with a new initiative called AI For Good, which focuses on the use of technology to help others. Students have been working diligently throughout the pandemic with projects and internships to create innovative solutions to problems across the world, according to Daren Coudriet, the executive director for the Nittany AI Alliance and Innovation for Penn State Outreach.

We challenged ourselves and said because were part of outreach, we should be helping our communities in some way, Coudriet said.

Coudriet said the initiative was inspired by the organizations position with university outreach, hoping to be a guiding force in the community. At the beginning of the year, four pillars were established under the initiative, including health, education, sustainability and humanitarianism.

AI is commonly used for problem-solving, as the technology can be used to perform nearly any programmed function. According to Coudriet, the organization is trying to hone in on the problem-solving aspect to make a difference in peoples lives.

The Alliance is not restricted to students in the College of Information Sciences and Technology or at University Park, however, as Coudriet believes AI will impact every field in the future. He said students across many disciplines have participated and thrived in the organizations projects and competitions.

MORE CAMPUS COVERAGE

Scenarios created by Penn State faculty predict the university's current plan for the fall 2

Its crazy when you start thinking about how it impacts every single industry how we live, how we work, Coudriet said. Its really going to change our world. Im hoping its for the better, but you dont really know till it plays out.

Three phases have been established to integrate students into the program, beginning with a discussion and information series known as Inspire. Coudriet said upcoming fall events will feature an expert on each of the AI For Good pillars at a virtual discussion.

Its to inspire students to take action and learn more about how this technology could help in these areas and get involved, Coudriet said.

The second step is the Nittany AI Challenge, which the organization was initially born out of in 2017. The Challenge takes place over a series of months, and it tasks students with developing real-world solutions through AI for the chance to receive a cash prize.

Brad Zdenek, the innovation strategist for Nittany AI Alliance, said this years challenge has been expanded to focus on the groups initiative.

The project begins every January, when students pool ideas together and teams are selected to create prototypes. Following approval in April, 10 student teams were chosen to continue working through the summer to create a minimal viable product.

Zdenek said $25,000 of the total $50,000 available for the challenge has already been awarded, and decisions on how to distribute the rest of the money will be made in September by a group of 60 people.

MORE CAMPUS COVERAGE

With financial help from Penn States Student Engagement Network, Lillian Schaeffer was able

In the past, Zdenek said teams have used the money in several different ways. Some students choose to bring their products to Invent Penn State in order to find customers. Others wrap their projects up or continue researching to develop new ideas.

This year, students have developed solutions that have taken them across the globe. Zdenek said one team has used AI to empower local teachers in Kenya by improving school assessments to allow teachers more time to focus on engaging with their students.

This is where our students really shine, Zdenek said. I am a deep, deep believer in the fact that our students are going to be the ones to solve great technologies in the world. Not because we gave them the ideas, but because they have this innovative spirit.

The innovation doesnt stop there, either. The third step in the Alliances process of preparing students for a future in AI is an internship program called Nittany AI Associates.

The program operates throughout the school year with opportunities to engage in campus work, including in the Office of Admissions and the Office of Annual Giving. Even amid the coronavirus pandemic, the Nittany AI Associates program has sought positions for students to keep them innovating in the field.

Joel Seidel was one of the student interns, working with a Philadelphia-based transportation program, SEPTA Mobile, to track commute patterns through the pandemic.

MORE CAMPUS COVERAGE

Penn State Campus Recreation announced that it plans to reopen its facilities on Monday, Sep. 7.

Using AI, Seidel (senior-information sciences and technology) said his team was able to find a correlation between teleworking and household income in the city. Wealthier individuals were more likely to transition to remote work, while blue-collar employees continued to rely on public transportation over the summer, according to the study.

It was a given that revenue in ridership is going to drop in the U.S. [during the pandemic]. Not every job is going to come back and be done in the office anymore, Seidel said.

Coudriet said the SEPTA project matched the organizations AI For Good initiative because a team of students were able to use their knowledge to help a business better plan for the future.

While the semester may shift some of the organizations goals, according to Zdenek, the Nittany AI Alliance has thrived throughout the pandemic. Coudriet said AI technology has seen an accelerating effect as more companies and clients have expressed a greater interest in it over the past several months.

I think the Nittany AI Alliance, as far as the Associates and challenge go, those models have gotten accelerated, Coudriet said.

Coudriet believes the AI For Good initiative will stick with the organization for the long run, as it has given them a new focus that aligns with their outreach mission. No matter how long the initiative lasts, however, the Nittany AI Alliance will continue to find opportunities for students across all disciplines and commonwealth campuses in an ever-changing field.

The hard work is theirs, but we can set a stage for them, Zdenek said.

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How the Nittany Artificial Intelligence Alliance is aiming to solve real-world problems - The Daily Collegian Online

Market Wrap: Bitcoin Dips to $11.6K, ETH Options Predict Price Below $400 by End of Year – CoinDesk – CoinDesk

Bitcoin traders are hitting the sell button Friday while the ether options market loads up on lower prices.

After holding around $11,800 Thursday into Friday, bitcoin started to slide downward around 08:00 UTC (4 a.m. ET), dropping to a 24-hour low of $11,605. Spot volumes were lower to cap off the workweek. It was $138 million on major spot USD/BTC exchange Coinbase, lower than its $179 million average over the past month.

Over-the-counter crypto trader Henrik Kugelberg expects a bullish, if not record, fourth quarter ahead for bitcoin, even if the number of sluggish market days pile up. I expect a slower curve but would not be surprised if we reach a $15,000 BTC in October and somewhere around $18,000-$20,000 at year end.

Kugelberg points to the uncertain economy as giving people reason to swap fiat for crypto investments. Theres the falling value of the dollar to be priced in; we have not seen the end of the dollars fall that is for sure, he added. Indeed, while the U.S. Dollar Index, a measure of the greenbacks strength versus a basket of other fiat currencies, is up 0.52% Friday, its still at lows not seen since June 2018.

In the bitcoin options market, Neil Van Huis, director of sales and institutional trading at liquidity provider Blockfills, noted volatility decreased this week. Bitcoins at-the-money implied volatility, which is a metric to forecast movement in prices, has dropped from 71% Monday to 59% Friday. Looks like some normalization of volatile trading as of late, Van Huis said.

Opportunities in Ethereum-powered DeFi are taking some traders focus away from the bitcoin market, Kugelbrg told CoinDesk. The crypto community is in a total FOMO to DeFi-related altcoins, said Kugelberg. I believe the run-up for bitcoin may be slower than expected and fueled by retail sales to newcomers wanting a somewhat steadier haven.

Ether options market bearish

Ether (ETH) was down Friday, trading around $399 and slipping 3.8% in 24 hours as of 20:00 UTC (4:00 p.m. ET).

The ether options market is predicting prices by the end of 2020 wont be much higher than they are now for the worlds second-largest cryptocurrency. December 20 maturities only give ether a 25% chance of being over $520, a 38% probability of being over $420 and a 41% chance of being over $400, according to data aggregator Skew.

Despite the probabilities, Jean-Marc Bonnefous, managing partner for Tellurian Capital, which has been investing in crypto projects since 2014, is still bullish on ether. He doesnt see Ethereums fundamental issues, such as fees constraining the network, as anything but a speed bump on the fast-moving DeFi highway. Structurally, no, said Bonnefous. But short term, ether needs a new trigger to go higher.

Other markets

Digital assets on the CoinDesk 20 are mixed Friday. Notable winners as of 20:00 UTC (4:00 p.m. ET):

Notable losers as of 20:00 UTC (4:00 p.m. ET):

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Market Wrap: Bitcoin Dips to $11.6K, ETH Options Predict Price Below $400 by End of Year - CoinDesk - CoinDesk

YFI Price Exceeds Bitcoin Price at $15K But Theres a Catch – Cointelegraph

Yearn.finances native governance token YFI eclipsed Bitcoin (BTC) price as it soared to $16,600 on Aug. 20. The spiked to a new all-time high took place on Binance and was fueled by the growing demand for Decentralized Finance (DeFi) products and tokens associated with the sector.

It is important to note that there are a few cryptocurrencies which are currently priced even higher than YFI as units, but many of them have insignificant trading volume.

Meanwhile, a quick glance at the YFI order book on Binance shows significant trading volumes and demand for the token.

The sentiment around YFIs vertical rally since early August remains mixed. Some believe YFI is primed for a pullback. Others foresee more growth potential over the longer term.

The 4-hour chart of yearn.finance (YFI). Source: TradingView.com

Yearn.finance is a DeFi protocol that launched in July with no premine in a decentralized setting by developer Andre Cronje. It is the first protocol on Ethereum that claims to give token holders all the power to govern the network.

Blockchain analytics firm IntoTheBlock said`:

Just a month ago, the yearn.finance token was trading around the $1000 mark. #YFI is up more than 10x in one month, climbing to $10,551.25 yEarn Finance is the first project on Ethereum, whose governance is entirely in the hands of token holders.

Cryptocurrency researcher Hasu explains yearn.finance as a platform that allows users to execute various investment strategies. He says:

If you're not familiar with Yearn, you can think of it as a smart bank account that automatically allocates your assets to different low-risk investment strategies that execute on the Ethereum blockchain.

The price of YFI, the governance token of the protocol, increased naturally as the total value locked in yearn.finance surged. According to data from Defipulse, more than $670 million worth of capital is locked in yearn.finance.

Compared to other tokens, the price of YFI is high due to its unique monetary supply. Its supply is capped at 30,000, which is significantly lower than most digital assets.

While the price of YFI has surpassed $16,000, its market capitalization remains below $400 million. By market cap, it is the 45th biggest cryptocurrency in the global market.

As such, crypto startup investor Ian Lee explained that YFI surpassing Bitcoin is more of a psychological event than anything else. He explained:

YFI flipping BTC price is arbitrary & more psychologically than practically important. What is important is what yearn.finance is doing & Andre Cronje is building in DeFi.

If yearn.finance reaches a similar market cap of other top DeFi protocols, such as Aave and Maker, its price would be at around $30,000 due to its small supply cap. In other words, comparing the price of YFI to Bitcoin makes little sense since the latter has a market cap that is 568 times bigger than Yearn.

Some investors in the DeFi space say that YFI has the potential to grow as its supply has been nearly fully minted. Out of 30,000 YFI, 29,962 are circulating, based on data from CoinMarketCap.

Meanwhile, Yearn.finance also unveiled a new product called yinsure.finance to target the DeFi insurance market. Kang previously said that the sector has the potential to become a new billion-dollar market.

Andrew Kang, an investor at Mechanism Capital, said:

1 YFI will be more difficult to attain than owning 1 BTC. It's Math.

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YFI Price Exceeds Bitcoin Price at $15K But Theres a Catch - Cointelegraph

Bitcoin Has Lost Its Way: Heres How to Return to Cryptos Subversive Roots – CoinDesk – CoinDesk

Rachel-Rose OLeary is a cryptocurrency writer and trainee C++ developer at PolyTech. Currently a contributor to CoinDesk and the Defiant newsletter, she has written about cryptocurrency since 2015. She holds an MA in digital art and philosophy.

These days I spend most of my time tweaking the code of a bitcoin wallet that runs in Terminal. Based on Libbitcoin, its built to work over Nym Technologies anonymizing mixnet. I call it the Dark Renaissance wallet.

Its mostly a learning exercise to hone my C++ skills, but the Dark Renaissance wallet is a harbinger for what is to come.

Working with a small, focused and ideological team, my comrades at PolyTech are upending some of the key assumptions on which the crypto industry has been built, and are plotting an all-out privacy offensive.

Our mission the Dark Renaissance is strategic and philosophical. At a personal level, it relates to a lifelong obsession with the philosophy of technology, and an intense awareness of the power of software.

It represents a desire to reconnect with bitcoins crypto-anarchist roots and fend off the forces of surveillance that creep into every aspect of our lives in 2020.

But first, it requires an understanding of the distant past.

Code as magic

Like the ancient Irish poets, the fil, programmers have the ability to alter reality with an utterance. Code is an incantation, an act of summoning ideas and inclinations into material reality. It is a conduit between the sphere of ideation and that of politics and sociality.

But technology isnt merely the product of ideas it actively shapes belief systems, reconfiguring the world in which it is applied.

Programmers know this: When a users behavior is influenced by code, its called opinionated software. When a user is manipulated for corporate interests, it is known as a dark pattern.

Software also has unintended consequences. Released into the wild, code propagates ideology in unpredictable and chaotic ways. Inevitably, it backfires, and innovation flows through human society, irrespective of, and indifferent to, political difference.

To what extent technology is informed by and produces belief systems has haunted me throughout my adult life.

It has caused me nightmares: dark conclusions on the nature of technology, prophecies of machine takeover and terrifying visions of the future of war.

It has also given me dreams. I believe it is within humanitys power to reshape the narrative by which technology is formed. In doing so, it becomes possible to take back the reins of runaway technological innovation and re-orientate human destiny.

Crypto is at the front line of this struggle.

Crypto philosophy

I came to crypto through encryption. I saw hash functions as a kind of abstract poetry that spoke of the secrecy of nature and the unknown.

Crypto was immersed in a romantic glow. In Ethereums early days, I believed I was witnessing the emergence of Skynet. It was the promise of Turing Complete, general computation and if artificial intelligence was going to emerge anywhere, it would be there, I believed at the time.

It was my doomer phase, and Ethereum was a source of dark fascination. Inspired by the Ethereum yellow paper, I wrote my masters thesis in 2016 on what I felt was a sadomasochistic dynamic between natural language and code. It included an erotic poem featuring a kind of vampire DAO (far before I had familiarized myself with the unicorns and rainbows that better represent the Ethereum community).

But while my approach was unconventional, the idea dates back to a problem as old as philosophy itself. To borrow a metaphor from computers, human experience consists of abstractions: mere interfaces that we interact with. Base reality occurs on a lower level, corresponding to hardware and raw machine code.

This hierarchization of reality of partitioning nature into the more and less real occurs across philosophy in different guises and names. For some philosophers, such a partition gets us no further in understanding the things-in-themselves. Humans are encased by a sphere of representation, wholly cut off from an inaccessible and inhuman outside.

At the time, I believed the reality hierarchy had a linguistic equivalent. At the bottom were operational languages such as computer programming. At the top were descriptive, natural languages.

With this philosophical backdrop, code acquires a profound metaphysical weight. It became a way to transmute the lowest level of reality into human experience.

The DAO hack was the first crack in this worldview.

Inhuman intelligence

Implicitly, I maintained at the time that natural language was somehow inferior to the perfect objectivity of code.

Not only that, but I believed the behavior of technology within capitalism its tendency toward monopolization, value-extraction and surveillance was technologys true nature revealing itself.

Martin Heidegger a philosopher known for supporting the Nazi party and for transforming Western philosophy calls this tendency Gestell, or enframing.

According to Heidegger, technology is a process of dismantling, quantifying and repackaging for export. In modernity, it has captured humanity, reducing people and everything else into a resource, a standing reserve to be exploited by the technological regime.

The DAO episode exposed many myths about blockchain, but this one stands out: Despite claims to the contrary, crypto contains an inextricably human element.

An equally controversial philosopher called Nick Land takes this process and gives it an agency.

According to Land, technology exposes an inhuman intelligence optimizing itself at the expense of the human. Stimulated by finance and a strange, contorting temporality, this inhuman intelligence is climbing its way up the reality hierarchy, threatening to replace the human as the worlds top predator.

It might sound like science fiction but crypto is full of this kind of rhetoric. Early efforts toward smart contracts promise nothing short of optimizing humans out of the equation. The blockchain is described as pure, trustless and incorruptible, turning all that it touches into glacial, inalterable code.

Ethereums infamous experiment in corporate governance, The DAO, echoed this language.

As Ethereum Classic fans will no doubt remember, The DAO was a high-profile fundraising campaign for a decentralized incubator. Its marketing spoke of the steadfast iron will of unstoppable code a phrase whose irony is hard to forget.

Due to a vulnerability discovered in Solidity smart contracts not long after its launch, The DAO was subject to a re-entrancy attack, in which a hacker exploited a function within the code to drain 3.6 million ether out of it.

Following a heated discussion that resulted in the birth of a new cryptocurrency, ethereum classic (ETC), Ethereum developers implemented a controversial upgrade to refund DAO investors.

The DAO episode exposed many myths about blockchain, but this one stands out: Despite claims to the contrary, crypto contains an inextricably human element.

Not quite Skynet

I spent the subsequent years following the ebb and flow of Ethereum software development as a reporter for CoinDesk.

For two years I attended every single Ethereum core developer call. I tracked decision-making on the platform like a jealous lover, refreshing Twitter handles, expanding sprawling GitHub discussions, quietly watching chat groups.

During this time, Ethereum faced the fallout of its DAO refund and dealt with the challenge of informal, decentralized governance. This challenge was intensified by a few simple facts: Ethereum has a leadership that is ideologically opposed to authority, and a vision that is inclusive to the point of being meandering.

Criticisms aside, Ethereum was in uncharted territory. And despite the odds, the platform managed to keep its course, even with pressure from monetary interest pulling it from each side.

Over time, I understood the mistakes I had made. Ethereum is not Skynet, and code has much more in common with natural languages than the raw mechanics of primary nature. I learned that sometimes, developers actually trade efficiency for readability; favoring clear, modular code over code which is fast.

The general effort toward compliance was not only enabling certain forms of oppression but at times actively supporting it.

I also learned power exists on all decentralized networks, but it is typically nameless and therefore unaccountable. Over time, power relations solidify. Networks become institutionalized and the rift between users and developers deepens.

Software, I decided, is a social good, like water and clean air. To maintain the balance of power, coders must elevate those around them. They must discourage passive user-ship, inspire users to become active network participants and train the next generation of coders to replace them.

Democratic modernity

Armed with a newly found focus, I left the Ethereum beat to join the Rojava revolution in North Syria.

Inspired by the writings of Kurdish ideologue Abdullah Ocalan, the Rojava revolution sprang up during the Syrian Civil War. Its supporters maintain that the nation-state is an abstraction badly suited to the Middle East. In its place, Rojava is pioneering new forms of decentralized social organization.

But it is not merely a social organization that binds Rojava together. Rather, Rojava is governed by a collective idea: the concept of democratic modernity.

In his five-book manifesto written from Turkish prison island mral, Ocalan essentially agrees with Heideggers Gestell there is a reductive, exploitative process at work within modernity.

But Ocalan does not identify this process with technology. According to him, it is the logic of capitalist civilization itself.

The task of democratic modernity is to decouple technology from globalization. In its place, new modernities can be built, based on a plurality of logics not merely Western-style reductionism that has come to dominate the world.

In Rojava, learning is paramount. People are encouraged to develop xwe zann, or self-knowledge, inspired by the Ancient Greek maxim know thyself. This is a project of remembering, of resurfacing histories worn away by globalization.

Here, I spent my time establishing technical academies. Inspired by the scientific centers of the ancient world, like Platos Academy and the House of Baghdad, our goal was to train a new generation of philosophical programmers.

But my time in Rojava was cut short.

During the nine months I spent there, the risk of a Turkish invasion weighed heavily. It cast a dark shadow across all of our work, like a storm cloud looming in the distance.

Finally, the storm came, and the sky rained bullets and bombs. Disguised as a man, I was among the last foreigners to cross the border to safety before the death count started to rise.

Bad trip

I found myself at the Devcon5 Ethereum conference in Osaka, Japan, one week after leaving Syria.

With friends on the front line, I found it hard to look people in the eye. Ethereums unicorn-punk aesthetic set against the backdrop of war was hard to stomach.

Sleeplessly refreshing the Syrian Civil War subreddit and Syria Live Map on my phone, I watched the war play out in total horror.

Airstrikes, bombings, body counts. On stage, well-meaning developers called for diversity and social justice, innocent to, or oblivious of, the blanket of physical safety that surrounded them.

By suppressing its crypto-anarchist roots and whitewashing its aims to appeal to bankers, crypto has cut itself off from its source of power.

It was overpriced and sparsely attended. At a panel on Ethereum-based mixers an audience member warned that facilitating bad guys through privacy-tech could alienate the average user a statement that was met with broad approval.

Maybe it was my state of mind, but it felt like the dissonance between cryptocurrencys stated aims and its material reality was reaching a fever pitch. The general effort toward compliance was not only enabling certain forms of oppression but at times actively supporting it.

At that moment, I decided that anonymity is where all philosophy of technology collides. In technical terms, it is synonymous with freedom. Practically, it can mean life or death.

The Dark Renaissance

Since then, I have set about orchestrating the Dark Renaissance.

The Dark Renaissance is a revolution within cryptocurrency. It is a rallying cry to all who still believe in cryptos true potential. It calls for a rebirth back to bitcoins original principles: to be autonomous, censorship-resistant and dark-by-design.

While crypto-anarchist in origin, bitcoin has lost its way. Rather than empowering black markets, it has allied with state and corporate interests traded its radical potential for mainstream adoption.

But by suppressing its crypto-anarchist roots and whitewashing its aims to appeal to bankers, crypto has cut itself off from its source of power. The Dark Renaissance seeks to resurface that power, to allow the truly disruptive potential of cryptocurrency to realize itself.

That truly disruptive potential lies in cryptocurrencys ability to extend the space of illegality outward: to increase the remit and power of unauthorized black market activity and strip resources away from the nation-state.

Our methods are part educational, part software production. We are setting up the PolyTech Academy, where technical skills are taught in tandem with a philosophy curriculum.

Through education, we want to elevate the culture of the cryptocurrency space, to create a community of active network participants and to inspire a new generation of programmers to succeed us.

In our code, we build tools to practically enforce our ideology. Advocating autonomy, anonymity and censorship-resistance, we will lead with the launch of several financial products, and iterate into a full-fledged dark financial system.

These tools will enable us to create a new economic paradigm. We are building financial networks to disintermediate local economies away from the state and large banks, and to usher in a more democratic alternative.

Rather than controlling people through mechanism design as much crypto-economics often intends to do, we are instead seeking to inspire people to create a vision of technology that empowers people from within.

We are in the midst of a turning point. Technologists today are faced with a choice: Either passively advance the interests of a system fated for destruction or undertake a psychic reversal.

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Bitcoin Has Lost Its Way: Heres How to Return to Cryptos Subversive Roots - CoinDesk - CoinDesk

Bitcoin Struggles to Surpass $12.5K: Is a Correction in the Cards for BTC? – Finance Magnates

Now that Bitcoin has been dancing between roughly $11,000 and $12,000 for the better part of a month, investors are wondering whats going to come next.

2020 has been a crazy year in the financial world: the outbreak of COVID-19 has led to unprecedented economic chaos, major changes in monetary policy, and a drastic public reconsideration of what value really means.

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Therefore, it seems that Bitcoinwhich has been described as inherently non-inflationarycould be gaining a foothold as a so-called safe-haven asset, similar to gold. Therefore, this dance between $11k and $12k could be the beginning of a larger trajectory to much higher prices.

However, others believe that Bitcoin is overbought, and imminently due for a market correction. Whats in the cards for BTC?

For some, the fact that Bitcoin has managed to hold a level over $11,000 for several weeks is a sign of a larger bull run to come: some analysts have targeted $25k, $50k, or even $100k within the next two years.

What could be driving the price up?

Investment firm Grayscale recently issued a report saying that Bitcoins ability to sustain higher price levels is demonstrative of an increasing number of long-term holders in the space.

In other words, Grayscale believes that there is a higher ratio of people who are buying and holding Bitcoin to day traders and short-term speculators.

In addition, the reported noted a historically low level of BTC on exchange wallets, which could indicate that fewer people are making moves to trade or sell their Bitcoins. However, the report also found that daily active addresses are at their highest level since 2017s all-time highs, signaling higher-than-usage of Bitcoin

Grayscale believes that this kind of market structure is a positive thing for Bitcoins future. In fact, the report drew a parallel between Bitcoins current market makeup and the Bitcoin market of early 2016, just before [Bitcoin] began its historic bull run.

Therefore, Grayscale has made a prediction that the demand for Bitcoin will continue to growand significantly.

According to Grayscale, one of the largest forces at play is the influence of loose monetary policy that has influenced markets over the last half century, as well as is the ongoing influence of stimulus efforts from the United States Federal Reserve, as well as other financial institutions from around the globe.

Loose monetary policies resulted in money being funneled into financial assets instead of the general economy or main street as intended, increasing the disconnect between the equity market and the economy, the report said. As a result, the United States ratio of debt to GDP has nearly doubled since 2008.

Therefore, Grayscalealong with many others in the crypto spaceseem to believe that Bitcoin is increasingly seen as a sort of antidote to inflation: Because of Bitcoins unique qualities such as its verifiable scarcity and a supply that cant be controlled by a central authority we believe it can be leveraged as a store of value and as a way to escape this great monetary inflation, the report says.

After all, there can only ever be a maximum of 21 million Bitcoins in circulation at any timemany of which have been permanently lost, and many of which have yet to be mined.

However, not everyone believes that Bitcoin is such a strong hedge against inflation.

For example, during a presentation in May, finance giant Goldman Sachs said in a presentation that Bitcoin does not show evidence of hedging against inflation.

Specifically, Goldman said that although Bitcoin itself may be a scarce resource, cryptocurrencies as a whole are not a scarce resource: that there are several thousand cryptocurrencies in existence, and more are being created all the time.

Goldman also pointed out that several of the largest cryptocurrencies by market cap were created as forks from the Bitcoin blockchain, and are therefore very similar to Bitcoin: specifically, Bitcoin Cash (BCH) and Bitcoin SV (BSV).

Goldman also argued that Bitcoin is a security whose appreciation is primarily dependent on whether someone else is willing to pay a higher price for it, and that therefore, Bitcoin is not a suitable investment.

Additionally, the firm said that because infrastructure of cryptocurrency is still relatively young, it may be susceptible to hacking or other technical issues that result in financial loss.

Additionally, while Bitcoins performance has been so positive over the last several months, there are some within the space who believe that a price pullback is imminent.

For example, CoinDesk reported this week that a short-lived jump up to $12,400 on Monday of this week represented a failed breakout that could be a sign of bullish exhaustion. In other words, the failure to maintain levels above $12,000 could represent a combination of slowing price gains and weakened buying pressure.

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Singapore-based digital economy trading firm QCP Capital also told its Telegram subscribers this week that Mondays breakout of $12,000 was almost entirely short-squeeze driven.

A short squeeze is what happens when the price of an asset suddenly jumps higher, thereby forcing traders who shorted the asset, or bet that its price would fall, to buy it in order to prevent greater losses. This kind of activity can artificially prop up the price of an asset for a short time.

Therefore, QCP believes that Bitcoins resultant failure [to breakout] just ahead of larger offers [sell orders] at $12,500 has solidified the price range of $12,000-$12,500 as a key resistance area for an extended period.

QCP also noted that while certain other market indicators could appear bullish at first, its possible that the market may be overbought at the moment.

For example, open interest in bitcoin futures on major exchanges rose to record highs of roughly $6 billion on Monday, an increase of 200% from the March low of $1.93 billion, according to data source Skew; additionally, Skew reported on Tuesday that Bitcoin options total open interest [were] sitting at $2bln, up 6x since the start of the year.

CoinDesk reported that its precisely this kind of bloated bullish positioning that can lead to deeper price pullbacks, particularly in cases where its accompanied by overbought readings on technical indicators, as it seems to be now.

However, QCP Capital also said that much depends on the continued movements of the dollar, which hit its lowest point in two years earlier this year.

No doubt the US has a capital leakage problem, evident from all the USD selling we see everyday during US hours, QCP said. We therefore look again to the late EU/early US sessions especially into August month-end for clues to the next big move, and whether or not a short squeeze is nigh.

QCP also noted that there could be quite a bit more movement in the USD throughout the rest of the year due to upcoming political events in the United States: the prospective catalysts are there for a large squeeze, QCP said, including [possible] disappointment over failed fiscal stimulus, democratic/republican conventions, and more.

In the short- and medium-term, therefore, the $12,500 resistance level may not be a realistic goal.

Instead, QCP says that we see this $11.6-11.7k level as the new key short-term pivot to watch, and that its possible to see a retest of the $11,000 level.

Only a break and close under $10.5k will make us change our medium-term bullish bias, the firm said. $10,500 was the highest that Bitcoin reached earlier this year before the COVID-19 economic crisis caused crypto markets to crash in March.

However, while a retest of the $10,500 level is certainly possibleand may even be necessary to fortify Bitcoins price floor in the futureit seems as though BTC may be able to hold steady over $10,000 for the foreseeable future.

It may be too soon to speakafter all, CryptoSlate pointed out that so far, this hold past $10k is only the 4th-longest time that BTC has managed to stay above the $10,000 mark.

Still, though, researchers at Bloomberg said earlier this week that Bitcoin will only lose its value-building momentum if something unexpected stops it.

Something unexpected needs to happen for Bitcoins price to stop doing what its been doing for most of the past decade: appreciating, wrote senior strategist Mike Mcglone on Twitter. Demand and adoption metrics remain favorable vs. the crypto assets unique attribute of fixed supply.

What are your thoughts on Bitcoins next moves? Let us know in the comments below.

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Bitcoin Struggles to Surpass $12.5K: Is a Correction in the Cards for BTC? - Finance Magnates

Bitcoins Bull Run Is Slowing Pullback Now Expected – CoinDesk – CoinDesk

Bitcoin (BTC) could be set for an imminent retracement as the uptrend that had its origins in Marchs Black Thursday crash now looks to be running out of steam.

Singapore-based QCP Capital warned its Telegram subscribers Wednesday that bitcoin was showing signs of lethargy as it struggled to capture any new highs. Bitcoin fell below the key $12,000 milestone on Tuesday, pouring cold water on hopes earlier this week for a major bullish breakout.

Bitcoin jumped above $12,400 on Monday, confirming an ascending triangle breakout and signaling a continuation of the rally from the July lows of sub-$9,000.

But the breakout failed to invite stronger buying pressure and prices fell below $12,000 on Tuesday, invalidating the bullish setup. Chart analysts consider a failed breakout as a sign of bullish exhaustion a slowing of price gains usually coupled with weakening buying pressure.

Mondays breakout of $12,000 was almost entirely short-squeeze driven, and the resultant failure just ahead of larger offers [sell orders] at $12,500 has solidified the price range of $12,000-$12,500 as a key resistance area for an extended period, QCP Capital said.

Bitcoin may have a tough time establishing a foothold above $12,500 in the near term, as bullish positioning in the market is starting to look overstretched, QCP Capital said.

Open interest in bitcoin futures on major exchanges rose to record highs of just under $6 billion on Monday, up 200% from the March low of $1.93 billion, according to data source Skew.

Such bloated bullish positioning often leads to deeper price pullbacks more so, in cases where its accompanied by overbought readings on technical indicators. That seems to be the case as the weekly chart relative strength index has crossed above 70, a sign the rally may be overdone.

Chris Thomas, head of digital assets at Swissquote Bank, also thinks the rally in both BTC and DeFi-related coins has gone too far. Its natural that we are seeing profit-taking and weak buying at higher levels, Thomas said in a LinkedIn chat.

Bitcoin is trading near $11,800 at press time, representing a 3.4% drop on a 24-hour basis, according to CoinDesks Bitcoin Price Index. The cryptocurrency is feeling the pull of gravity after failing to keep gains above $12,000 for the second time in three weeks and may suffer a bigger drop if support near $11,600 is breached.

On the short-term charts, we see $11,600-$11,700 level as the new key short-term pivot to watch, failing which we will likely get our anticipated retest of $11,000, QCP Capital noted. That said, the broader outlook will remain bullish, as long as prices are held above the former resistance-turned-support of $10,500 originally the February high.

A sell-off below that key support looks unlikely as inflation expectations in the U.S. are rising as rumors abound that the Federal Reserve may soon signal tolerance for higher inflation meaning the central bank would keep interest rates low even if inflation rises above 2% target.

Its probably no coincidence that bitcoins correlation with gold the classic inflation hedge has started to strengthen in recent weeks.

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Bitcoins Bull Run Is Slowing Pullback Now Expected - CoinDesk - CoinDesk

Bitcoin Ransomware and Remote Working: What the Future Holds – Cointelegraph

The new work-from-home culture is gaining more traction than ever before as businesses, government departments and schools try to remain afloat while flattening the pandemic curve. This migration to remote working is a double-edged sword that creates a fertile land for cybercriminals to thrive on. There is no way that cyberattacks can be eliminated completely. The best that companies can do is minimize the frequency of the threats.

Cybercriminals use malicious software code to block people or organizations from accessing their computer systems until a ransom has been paid. Cryptocurrencies such as Bitcoin (BTC) have made it easy for these nefarious actors to receive payment without exposing their identities.

The United States cybercrime arm of the Department of Homeland Security, in conjunction with the United Kingdoms National Cybersecurity Centre has already issued alert warnings about an increase in phishing scams that can lead to installing malware on computer systems. The joint alert was issued as the number of cyberattacks against remote workers increased.

Hackers are targeting individuals and all kinds of establishments. In June, the University of California at San Francisco was forced to fork out $1.14 million in Bitcoin after suffering a ransomware attack. In May, hackers successfully attacked celebrity lawyers Grubman Shire Meiselas & Sacks. The criminals threatened to expose one terabyte of data of celebrities private data unless a ransom was paid in Bitcoin. Additionally, the City of Johannesburg, South Africas financial capital, was targeted in a Bitcoin ransomware attack in October 2019.

Cryptocurrencies, due to their anonymity, are becoming popular with cybercriminals. Hackers receive the ransom payment in privacy coins or major cryptocurrencies such as Bitcoin. The digital assets are then cleaned by being passed through mixing services.

As companies allow their employees to work from home, they have to realize that their data and secrets are at stake. While remote employees are the targets, it is the companies that suffer at the end of the day. It goes without saying that prevention is better than a cure. Companies need to invest in teaching their employees how to safeguard their computers or systems.

According to cybersecurity firm Sophos, about 73% of ransomware attacks result in data being encrypted. For a ransomware attack to be successful, it goes through three stages:

Data encryption.

Getting payment.

Data decryption.

There are several ways in which ransomware begins its process. It could be a simple phishing email or hackers could exploit vulnerabilities in network systems. Firewalls should be used to block ransomware. Some companies may think that implementing a firewall is expensive, but the clean-up bill is much higher.

Employees should use strong passwords that are a mix of all types of characters found on a standard computer keyboard. The passwords should also be constantly changed. There are free tools that can be used to generate strong passwords that are not easy to crack.

This is a difficult question, as it normally depends on what the company has to lose if the ransom is not paid. Hackers usually target a company if they know that there is valuable data. In most cases, it could be damaging for a companys operations and reputation if its data, or that of its clients, is leaked on the internet or sold to the highest bidder on the darknet. Nefarious actors were recently selling 160 million user records stolen from 11 companies on the dark web, asking for a combined price of just over $23,000.

The answer to this question is not clear, but logic points to paying the ransom. And cryptocurrencies will be used to facilitate these transactions.

The views, thoughts and opinions expressed here are the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Michael J. Garbade is the co-founder and CEO of Education Ecosystem. He is a serial tech entrepreneur who formerly worked at Amazon, General Electric, Rebate Networks, Photobucket and Unicredit Group. Garbade has experience working in the United States, Europe, Asia and South America.

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Bitcoin Ransomware and Remote Working: What the Future Holds - Cointelegraph