#cryptography

#cryptography

Check out all the on-demand sessions from the Intelligent Security Summit here.For years, encryption has played a core role in securing enterprise data.However, as quantum computers become more advanced, traditional encryption solutions and public-key cryptography (PKC) standards, which enterprise and consumer vendors rely on to secure their products, are at serious risk of decryption.

The UK Cyber Security Council has launched the first phase of a certification mapping tool designed to help developing cyber professionals map all available security certifications onto 16 previously identified specialisms - which are collectively based on the Knowledge Areas contained in the Cyber Body of Knowledge (CyBOK).

Markets and Prices by Kevin Helms The CEO of investment management firm Vaneck has predicted a bull cycle for gold and bitcoin.We are at the very beginnings of what could be a several-year cycle in gold, and I also put bitcoin in that category as well, the executive said, adding that the Federal Reserve is close to the end of their tightening.

Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now.Expecting the price of bitcoin to soon hit $1 million, he is making million-dollar bets that it will happen in 90 days.Srinivasan also advised investors to buy bitcoin, which he believes to be a hedge against hyperinflation, monetary debasement, bank freezes, and wealth seizure.

U.S. Federal Reserve Governor Christopher Waller has warned that crypto prices could fall to zero at some point.Please don't be surprised and don't expect taxpayers to socialize your losses when that happens, the Fed governor stressed.Crypto Prices Could Go to Zero, Fed Official Warns Federal Reserve Governor Christopher J. Waller warned about the danger of investing in cryptocurrency on Thursday at the Global Interdependence Center Conference on digital money, decentralized finance, and the puzzle of crypto.

Based on the World Economic Forum's estimate from 2022, national governments have invested more than $25 billion in quantum computing research, and over $1 billion in venture capital deals were closed in the previous year.Quantum computers (QCs) are in the early stages of development, and there are many technical challenges that need to be overcome before they can become practical tools for everyday use.

As quantum computing technology continues to advance, the industry is faced with the challenge of migrating to new, quantum-safe public key cryptography standards.Based on algorithms known collectively as post-quantum cryptography, these standards are actively under development by the U.S. National Institute of Standards and Technology (NIST) in collaboration with the broader cryptography research community.

The Chinese government is setting up a national blockchain innovation center in Beijing to focus on industrial applications and major use cases of blockchain technology, particularly those related to the Chinese economy.China Establishing New Blockchain Center China's Ministry of Science and Technology has approved the establishment of a blockchain research center called the National Blockchain Technology Innovation Centre, the government-run newspaper Beijing Daily reported Wednesday.

AWS recently announced the availability of AWS Key Management Service (AWS KMS) External Key Store (XKS), allowing organizations to store and manage their encryption keys outside the AWS KMS service.AWS Key Management Service (KMS) is an Amazon Web Services (AWS) managed service.It allows organizations to easily create, manage and control the encryption keys to encrypt their data.

Microstrategy has purchased 6,455 bitcoins for approximately $150 million at an average price of $23,238 per coin.With its latest purchase, Microstrategy now holds 138,955 bitcoins acquired at an average of $29,817 per coin.Moreover, the company also paid off its loan from troubled Silvergate Bank in full.

U.S. law enforcement has seized 18 cryptocurrency ATMs that were purchased using fraudulent loans from the Small Business Administration (SBA) meant to assist small businesses financially harmed by the Covid-19 pandemic.The loans were also used to purchase bitcoin from a New York-based cryptocurrency exchange, said the U.S. Department of Justice (DOJ).

Regulation by Kevin Helms A legislative proposal has been introduced to support the bitcoin economy in the U.S. state of Texas.The individuals who own bitcoin should be protected under the Texas Constitution, the proposal describes.No citizen of Texas shall ever be deprived of their right to own bitcoin and that all bitcoin owners will be protected as they enjoy all the privileges associated with the cryptocurrency.

Markets and Prices by Kevin Helms Bloomberg Intelligence senior commodity strategist Mike McGlone has explained that a supercycle may be happening in bitcoin, noting that the cryptocurrency is beating gold by almost 10 times so far this year.The strategist added that if past trends hold, bitcoin's volatility is more likely to recover compared to commodities when the crypto heads toward new highs.

Japanese tech giant Fujitsu has filed a trademark application with the U.S. Patent and Trademark Office that covers several cryptocurrency services.The application specifically mentions financial management of crypto assets, financial exchange of crypto assets, and financial broker services for cryptocurrency trading.

India's finance ministry has announced that crypto transactions will be covered under the Prevention of Money Laundering Act, 2002 (PMLA).Noting that the move is a positive step in recognizing the sector, a crypto insider explained that it will strengthen the industry's efforts to prevent virtual digital assets from being misused by bad actors.