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Bitcoin breaks US$1,000

Crypto currency's 2017 cracking start bouyed by devalued yuan

Team Register Tue 3 Jan 2017 // 08:03 UTC

Bitcoin has surpassed the US$1,000 mark for the first time in three years.

The high water mark was breached Monday trading at US$1,019 at the time of publication.

It follows a steady increase in the value of the crypto currency in recent months buoyed by China's devaluation of the yuan, the removal of high valuation bank notes in India in November, and increasing interest in the digital coin.

Most Bitcoin trading occurs in China with huge farms both high tech and low and dirty mining to gain new and increasingly more difficult to extract bitcoins.

A significant boost to the currency's value also coincided with Donald Trump claiming the November US election.

Happy New Year! Bitcoin hits 1000 USD price on the first day of new year. #bitcoin1000 pic.twitter.com/ZvyDNnfLh0
— Martin (@econexpert) January 1, 2017

Bitcoin has not tipped the $US1,000 mark since 2013 when it hit $US1,100 prior to the hacking of mega bitcoin exchange Mt Gox.

Other crypto currencies have risen in the wake of Bitcoin including Ethereum, Ripple, and Litecoin.

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TACC Frontera's 2022: Academic supercomputer to run intriguing experiments

Plus: Director reveals 10 million node hours, 50-70 million core hours went into COVID-19 research

Brandon Vigliarolo Sat 16 Apr 2022 // 14:36 UTC

The largest academic supercomputer in the world has a busy year ahead of it, with researchers from 45 institutions across 22 states being awarded time for its coming operational run.
Frontera, which resides at the University of Texas at Austin's Texas Advanced Computing Center (TACC), said it has allocated time for 58 experiments through its Large Resource Allocation Committee (LRAC), which handles the largest proposals. To qualify for an LRAC grant, proposals must be able to justify effective use of a minimum of 250,000 node hours and show that they wouldn't be able to do the research otherwise.
Two additional grant types are available for smaller projects as well, but LRAC projects utilize the majority of Frontera's nodes: An estimated 83% of Frontera's 2022-23 workload will be LRAC projects.

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When the expert speaker at an NFT tech panel goes rogue

Stick to the script, man! It’s confusing enough already

Alistair Dabbs Sat 16 Apr 2022 // 10:30 UTC

Something for the Weekend How can you save the world's oceans? By investing in NFTs of course!
A global network of campaigning filmmakers, Ocean Collective, hopes to drive up awareness about declining marine biodiversity by developing a digital Museum of Extinction.
Items of artwork from the museum will then be sold as NFT purchases to raise cash to fund a documentary series on the topic along with other environmental awareness projects.

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Apple dev logs suggest 'nine new M2-powered Macs'

'Widespread internal testing' of four processor types

Katyanna Quach Sat 16 Apr 2022 // 07:53 UTC

Apple is seemingly testing four next-generation M2 processors on software developed by third-party app makers in at least nine Mac models that are likely to be upcoming laptops and desktops.
Two years ago, the iGiant debuted its homegrown Arm-compatible M1 processor to power computers and iPads; the shift marked a departure from using x86 Intel silicon for its PCs. Instead of purchasing off-the-shelf processors, Apple – which was already designing its own mobile system-on-chips – wanted a custom design for its macOS products.
Now it appears the M1's successor, the M2, is edging closer to launch, judging from developer logs leaked to Bloomberg that signal there is "widespread internal testing" of the chip family at Apple.

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Twitter preps poison pill to preclude Elon Musk's purchase plan

Populist provocateur ponders partners to pay for platform prize

Thomas Claburn in San Francisco Sat 16 Apr 2022 // 01:14 UTC

Comment Twitter on Friday said its board of directors had unanimously approved a plan to prevent a hostile takeover, something that became a distinct possibility after billionaire Elon Musk offered $43 billion to buy the social media network.
The poison pill, or "Rights Plan," the biz said, "will reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders."
The "Rights Plan" would require Musk to negotiate directly with the board to increase his share of the company beyond 15 percent. After that every existing shareholder, with the exception of Musk, would be able to buy Twitter stock at a discounted rate.

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Feds offer $5m reward for info on North Korean cyber crooks

Meanwhile: Caltech grad earns five years in prison for heping Kim's coders

Jessica Lyons Hardcastle Fri 15 Apr 2022 // 23:24 UTC

The US government offered a reward up to $5 million for information that helps disrupt North Korea's cryptocurrency theft, cyber-espionage, and other illicit state-backed activities.
The cash will be awarded "for information that leads to the disruption of financial mechanisms of persons engaged in certain activities that support North Korea, including money laundering, exportation of luxury goods to North Korea, specified cyber-activity and actions that support WMD proliferation," according to the Feds.
This includes "information on those who seek to undermine cybersecurity, including financial institutions and cryptocurrency exchanges around the world, for the benefit of the Government of North Korea."

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GitHub's Dependabot learns to report bad news you can use

Instead of just raising the alarm, automated code-scold will flag where the fire is

Thomas Claburn in San Francisco Fri 15 Apr 2022 // 20:17 UTC

GitHub's Dependabot is becoming more dependable thanks to its newfound ability to tell developers whether its security alerts are relevant or not.
GitHub acquired Dependabot, a tool for finding vulnerable open source package dependencies in software projects, in 2019. Since then, Dependabot has helped developers address more than three million vulnerabilities by presenting automated notifications when it finds unsafe software packages.
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Star loses $500,000 NFT after crooks exploit Rarible market

This isn't the moving-fast-and-breaking-things future we wanted

Jeff Burt Fri 15 Apr 2022 // 19:50 UTC

Miscreants exploited a now-fixed design flaw in the Rarible NFT marketplace to steal a non-fungible token from Taiwanese singer and actor Jay Chou and sell it for about $500,000.
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When researchers Roman Zaikin, Dikla Barda and Oded Vanunu investigated the security shortcoming they found that fraudsters could lure users to click on a link to malicious NFT, enabling them to take control of their marks' Rarible accounts using a standard called EIP-721.

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Intel’s neurochips could one day end up in PCs or a cloud service

The brain-like chip technology could aid with low-power AI tasks like speech recognition

Dylan Martin Fri 15 Apr 2022 // 16:30 UTC

You may have heard before about Intel's Loihi neuromorphic chips that mimic the way brains work, but what hasn't been clear yet is how the chipmaker will make money from the experimental silicon.
In a recent roundtable with journalists, Intel Labs lead Rich Uhlig offered two possibilities: integrating Loihi in a CPU for PCs to perform energy-efficient AI tasks and potentially offering the its neuromorphic chips as a cloud service, although Uhlig was clear he wasn't firming actual product plans, just projecting what could theoretically happen in the future.
"Right now with Loihi, we're at that point where we think we're onto something, but we don't actually have product plans yet. We're sort of earlier on in that work stream," he said last month.

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Cybercriminals do their homework for latest banking scam

What could be safer than sending money to yourself through your own bank?

Brandon Vigliarolo Fri 15 Apr 2022 // 15:30 UTC

A new social engineering scam is making the rounds, and this one is particularly insidious: It tricks users into sending money to what they think is their own account to reverse a fraudulent charge.
The FBI's Internet Crime Complaint Center issued the warning, which it said involves cybercriminals who have definitely done their homework. "In addition to knowing the victim's financial institution, the actors often had further information such as the victim's past addresses, social security number, and the last four digits of their bank accounts," the IC3 said.
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Google issues third emergency fix for Chrome this year

The latest patch is aimed at a type confusion vulnerability that is actively being exploited

Jeff Burt Fri 15 Apr 2022 // 12:49 UTC

Google is issuing fixes for two vulnerabilities in its Chrome web browser, including one flaw that is already being exploited in the wild.
The emergency updates the company issued this week impact the almost three billion users of its Chrome browser as well as those using other Chromium-based browsers, such as Microsoft Edge, Brave and Vivaldi.
It is the third such emergency update Google has had to issue for Chrome this year.

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COVID-19 contact tracing apps were suggested as saviors. They sometimes delivered

Privacy fears didn't materialise, but bungling did

Tom Claburn, Laura Dobberstein, and Simon Sharwood Fri 15 Apr 2022 // 11:27 UTC

COVID Logfile IV As the SARS-CoV-2 virus and the COVID-19 disease it creates spread rapidly across the world in early 2020, governments that grasped the gravity of the situation wondered if technology could help them control the pandemic.
Some considered open-source intelligence gathered by the likes of Facebook and Google. Others wondered if records from ATMs or credit card payment terminals could be useful.
The intent was the same in both cases: governments felt that if they could learn where infected people had been, and who else may have encountered them, it would be possible to identify those at risk – and tell them they should isolate instead of continuing to mingle and maybe spreading the virus. Such data could also help contact-tracers, health professionals who were already adept at chasing diseases through society.

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