Day: August 25, 2022

Visualized: The State of Central Bank Digital Currencies

This post is by Marcus Lu from Visual Capitalist

central bank digital currencies

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Visualized: The State of Central Bank Digital Currencies

Central banks around the world are getting involved in digital currencies, but some are further ahead than others.

In this map, we used data from the Atlantic Council’s Currency Tracker to visualize the state of each central banks’ digital currency effort.

Digital Currency – The Basics

Digital currencies have been around since the 1980s, but didn’t become widely popular until the launch of Bitcoin in 2009. Today, there are thousands of digital currencies in existence, also referred to as “cryptocurrencies”.

A defining feature of cryptocurrencies is that they are based on a blockchain ledger. Blockchains can be either decentralized or centralized, but the most known cryptocurrencies today (Bitcoin, Ethereum, etc.) tend to be decentralized in nature. This makes transfers and payments very difficult to trace because there is no single entity with full control.

Government-issued digital currencies, on the other hand, will be controlled by a central bank and are likely to be easily trackable. They would have the same value as the local cash currency, but (Read more...)

The Biggest Corporate Hacks of 2021

This post is by Marcus Lu from Visual Capitalist

The following content is sponsored by Global X ETFs.

Global X BUG ETF

The Biggest Corporate Hacks of 2021

Businesses are a prime target for cybercriminals, regardless of their size, industry, or location.

In this graphic sponsored by Global X ETFs, we’ve visualized the largest corporate hacks of 2021, as measured by ransom size. The full list is also tabulated below.

VictimCountryIndustryAmount paid or requested (USD millions)
Kia MotorsSouth KoreaAutomotive$20M*
CNA FinancialU.S.Financial Services$40M
Harris FederationUKEducation$8M*
Colonial PipelineU.S.Energy$4.4M

*Requested but not paid in full. Source: Microsoft (2021), CRN (2021)

Continue reading below for details on some of these extraordinary hacks.

Energy: Colonial Pipeline Co.

The Colonial Pipeline ransomware attack was the largest ever cyberattack on an American oil infrastructure target.

On May 7, hackers took down the company’s billing system and threatened to release stolen data if a ransom was not paid. During negotiations, the company halted its pipelines, resulting in gas shortages across the Southeastern United States.

It’s been reported that Colonial Pipeline promptly paid a ransom of $4.4 million in bitcoin (based on prices at the time). The FBI managed to retrieve some of these bitcoins, but their exact method was not revealed.

Technology: Accenture

Accenture, one of the world’s largest IT consultants, fell victim to a (Read more...)

The Insider’s Guide to Data Rooms: What to Know Before You Raise

It’s time for your startup to fundraise. You prepare a deck, practice your pitch, and start reaching out to investors. If a first meeting goes well, it often ends with a request to share your “data room.” But what is a data room, and what should be included in it? What is a data room?... Read More

The post The Insider’s Guide to Data Rooms: What to Know Before You Raise appeared first on Future.

The Best of Panic: Nicholas Adler on Crypto, Web 3, Collectibles, Culture, and Community

This post is by Howard Lindzon from Howard Lindzon

Should We Bring Extinct Animals Back To Life?

Non-Obvious Story of the Week from Rohit Bhargava

Humanity may be close to having the power to bring back extinct species. They are calling it “de-extinction” and the company behind the effort, Colossal Biosciences, is known for speaking ambitiously about solving the “colossal” problem of extinction by bringing back animals such as the Wooly Mammoth within 5 years. 

Of course, the natural Jurassic Parkian question to ask is whether this type of manipulation of the natural world should even be attempted. The arguments to do it, though, seem concerningly logical. The Tasmanian ecosystem has lacked an apex predator since the Tasmanian Tiger (also called the Tasmanian Wolf) died out. Bringing it back would be a natural way to rebalance the ecosystem – a relevant question particularly this week with the news that the beloved Chinese Dugong is now officially extinct. Unlike the dinosaurs, its extinction could also be attributed to human causes, which offers another reason why bringing it back would simply be a correction in nature.

The challenge, as with most technology dilemmas like this, is not about the science or the logic behind them. Instead, the biggest problem remains that the people and companies with the power to do these things are rarely ethical enough to be trusted with the responsibility of doing it. 

Return of the Petruchio liberal

Wednesday, November 2, 2016

Petruchio liberals

As Shaw observed, Taming of the Shrew can be difficult for modern sensibilities (Benedick and Beatrice, by comparison, stand up well and are still being repackaged by comedy writers), but recently one particular element of the story has been coming to mind.
In Verona, Petruchio begins the "taming" of his new wife. She is refused food and clothing because nothing – according to Petruchio – is good enough for her; he claims perfectly cooked meat is overcooked, a beautiful dress doesn't fit right, and a stylish hat is not fashionable.

There is a certain type of vocal liberal, almost always white and reasonably affluent, who insists on blocking virtually every viable attempt to advance a progressive agenda because nothing meets his or her standards. They feel enormously proud of themselves for refusing to compromise, despite the fact that the price of (Read more...)