‘All Funds Are Safe’: Binance Denies Crypto Hack Rumors
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‘All Funds Are Safe’: Binance Denies Crypto Hack Rumors
‘All Funds Are Safe’: Binance Denies Crypto Hack Rumors UPDATE (7, March 20:10 UTC): Binance CEO Changpeng Zhao tweeted that the irregular trades have been identified, and will be reversed. He also warned users to learn how to secure their accounts against future phishing attacks. Binance has reassured customers that their money is still in their accounts following hours…
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Qntra
113 GigaWatt Hours Go Missing In Europe
The possibility of converting electrical current, wherever found, appears to have added yet another fungible item to the list of socialist "people's properties" liable to get spontaneously "redistributed" by their "servant leader" caretakers — via the quite familiar, to inhabitants of the ex-soviet world, .
Concretely: the European Union's "Continental European Power System", "a large synchronized area stretching from Spain to Turkey and from Poland to Netherlands; encompassing 25 countries", () on March 6, 2018, a sudden energy deficit summing to 113 GWh (i.e. 3.6 terajoules):
The power deviations are originating from the control area called Serbia, Macedonia, Montenegro (SMM block) and specifically Kosovo and Serbia. The power deviations have led to a slight decrease in the electric frequency average. This average frequency deviation, that has never happened in any similar way in the CE Power system, must cease. The missing energy amounts currently to 113 GWh. The question of who will compensate for this loss has to be answered.
News – CCN Indian Cryptocurrency Startup Challenges Central Bank Ban in Court Petition Ahead of its planned launch of a cryptocurrency exchange, an Indian crypto startup has filed a writ petition challenging the central bank’s […]
Australia is the latest country to announce plans for mandatory decryption powers against services such as and .
Senator: ‘All Communication Will Use Encryption’
Stating concerns surrounding terrorism monitoring, Attorney-General George Brandis said that “more than 40%” of intercepted messages were encrypted.
“Within a short number of years, effectively, 100 per cent of communications are going to use encryption,” local publication quotes Brandis.
This problem is going to degrade if not destroy our capacity to gather and act upon intelligence unless it’s addressed.
While he added the government would no longer pursue legislation forcing firms to include “backdoor” features to allow state hacking, requiring participation in assisting may be stepped up in future.
The law, the Senator said, should be “sufficiently strong to require companies, if need be, to assist in response to a warrant to assist law enforcement or intelligence to decrypt a communication.”
Hacking Versus ‘Protection’
Lawmakers will look at updates in the context of international data-sharing, gathering ideas from Australia’s intelligence partners.
Reacting to the idea, industry officials appeared supportive. Former Australian Signals Directorate deputy director Mike Burgess told The Age:
I personally want to live in a world where reasonable people and companies would say, ‘You know what? Under the rule of law, and with the right oversight and a warrant, communications can be listened to when it’s needed to protect us.
While disturbing to users of encrypted messaging platforms, schemes to crack them are by no means limited to over-zealous policymakers responding to perceived .
Russia Mulls Blanket Bans
Across the globe in Russia, encrypted consumer tools are also currently subject to investigation, with authorities publicly calling for an outright ban on the anonymous use of services such as Telegram.
In a May interview with RNS, Telegram :
Not one government or special agency has managed to get one bite of information out of us, and they never will.
It added that due to data being stored in various locations, “forcing Telegram to surrender any form of data would require an unrealistic level of mutual cooperation involving several states.”
Telegram also recently with bitcoin-accepting payments provider Stripe to allow in-app purchases from chatbots. The partnership includes support for Russian domestic payment gateways including Yandex.Money and Qiwi, which are popular with Russian bank card holders.
Regulation of cryptocurrencies, and well as a so-called ‘Russian bitcoin,’ are all part of Russia’s central bank this quarter.
What do you think about Australia’s plans for encrypted messaging regulation? Let us know in the comments below!
Images courtesy of AAP, LinkedIn, Telegram, AdobeStock
