Cryptography

Telecom Company Fined $1 Million for Deepfake Scam

Thursday. August 22 at 3:30 PM

1 min. read

Lingo Telecom, a Texas-based telecommunications company, has been fined $1 million by the FCC for its involvement in an illegal deepfake scam targeting the New Hampshire primary election. The scam utilized an AI-generated recording of President Joe Biden's voice in robocalls to deter voters. The FCC's fine aims to hold telecom companies accountable for content dissemination and requires Lingo Telecom to implement a compliance plan, including strict adherence to caller ID authentication rules. The company must also follow 'Know Your Customer' and 'Know Your Upstream Provider' principles to monitor call traffic effectively. The deepfake robocalls, orchestrated by political consultant Steve Kramer, aimed to interfere with the election process. This incident highlights the threat of deepfake technology to democratic integrity, prompting calls for vigilance and regulation in the face of AI-generated disinformation.

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The Debate on Freezing Satoshi Nakamoto's Bitcoin Due to Quantum Computing Threats

Tuesday. December 10 at 1:00 PM

Ava Labs founder and CEO Emin Gün Sirer has suggested freezing Satoshi Nakamoto's estimated 1.1 million BTC due to potential vulnerabilities in early wallet cryptography. Sirer's proposal comes as quantum computing advances, posing a threat to outdated Pay-to-Public-Key systems used in Nakamoto's original wallets. While quantum computers excel at certain tasks like factoring large numbers, they face challenges with one-way hash functions crucial to cryptocurrency security. The debate on freezing Nakamoto's coins has sparked controversy, with critics questioning the impact on crypto's ownership principles. Despite concerns, current quantum computers like Google's Willow chip still lack the processing power to break Bitcoin's encryption. Experts emphasize the need for proactive measures, such as developing quantum-resistant algorithms to safeguard cryptocurrencies against future threats.

Cryptography

Advancements in Shiba Inu Ecosystem with Zama's FHE Technology

Monday. December 9 at 5:00 AM

The Shiba Inu ecosystem is progressing by integrating Zama's Fully Homomorphic Encryption (FHE) technology to enhance privacy and transparency in blockchain transactions. Kaal Dhairya, a key developer in the ecosystem, announced the partnership with Zama on X (formerly Twitter). Zama's FHE technology allows smart contracts to securely operate on encrypted data without changing existing blockchain protocols, addressing the challenge of balancing transparency and privacy in blockchain networks. This integration highlights Shiba Inu's dedication to innovation, privacy, and security, solidifying its position as a blockchain development leader. Concurrently, the official Layer-2 blockchain of the ecosystem, Shibarium, has experienced significant growth, surpassing 620 million transactions and attracting over 2 million wallets. These achievements establish Shibarium as a prominent decentralized hub, garnering attention from the crypto community. Shiba Inu's value has also increased by approximately 70% in the past month, reinforcing its position as the second-largest meme coin in the industry.

Cryptography

Revolutionizing Cryptography for Decentralized Applications

Friday. December 6 at 10:00 PM

Anaxi Labs, in partnership with Carnegie Mellon University’s CyLab, introduces a compiler framework for cryptography to address challenges in building scalable Zero-Knowledge applications. This breakthrough eliminates the need for trade-offs, making it possible to create scalable, secure, and decentralized applications. By automating the process of generating ZK proofs, the framework simplifies development, enhances performance, and ensures security. The collaboration between Carnegie Mellon researchers and Anaxi Labs aims to revolutionize industries like finance, healthcare, and AI by enabling real-time settlement, privacy-preserving encryption, and decentralized solutions. The partnership also serves as a platform for CMU students to explore career opportunities in Web3. This innovative approach bridges the gap between blockchain technology and mass adoption, offering a new design paradigm for decentralized applications.

Cryptography

The Power of El Capitan: World's Fastest Supercomputer and Its Implications

Monday. November 25 at 6:00 AM

The Lawrence Livermore National Laboratory recently unveiled El Capitan, the world's fastest supercomputer capable of conducting 2.79 quadrillion calculations per second. This supercomputer, developed in collaboration with Hewlett Packard Enterprise, AMD, and the Department of Energy, has raised concerns in the cryptocurrency industry about potential threats to blockchain security. However, experts argue that current encryption methods are secure against supercomputers like El Capitan, with the real threat coming from future quantum computers. While El Capitan's immense processing power is being utilized for nuclear blast simulations and AI research, cybersecurity experts warn about the industry's overreliance on blockchain security. They emphasize the need for proactive measures, such as quantum-resistant technologies, to safeguard against emerging threats like quantum computing. Despite its capabilities, El Capitan is not intended for cracking blockchain encryption but for advancing scientific research and AI applications.

Cryptography