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Presidential Hopeful Beto O’Rourke Belonged to Infamous Hacker Group

2020 Presidential hopeful Beto O'Rourke was reportedly part of the hacktivist group known as the Cult of the Dead Cow during his teenage years.

Political Hack

Presidential candidate Beto O’Rourke just admitted to spending his teenage years as part of the Cult of the Dead Cow (CDC), a group of hackers that first coined the term “hacktivism.”

O’Rourke, who failed to unseat Senator Ted Cruz in the 2018 midterm election and recently decided to run for president instead of challenging Senator John Cornyn in 2020, told Reuters that he credits the hacker group for helping develop his worldview — an intriguing admission for an unusual candidate who skateboards and used to play in a punk band.

Hacker-Lite

According to Reuters, there’s no evidence that O’Rourke actually engaged in any sort of serious hacking, though he did cop to stealing the long-distance phone service necessary for reaching the online message boards of the day.

Rather, O’Rourke seemed to spend his time in the Cult of the Dead Cow writing and sharing fiction with the community, such as a short story he wrote at age 15 about running over children in a car, Reuters reports.

“We weren’t deliberately looking for hacking chops,” CDC founder Kevin Wheeler told Reuters, describing the group’s attitude during the period of time O’Rourke was most active. “It was very much about personality and writing, really. For a long time, the ‘test,’ or evaluation, was to write [text files]. Everyone was expected to write things. If we were stoked to have more hacker-oriented people, it was because we’d be excited to have a broader range in our t-files.”

Formative Years

“There’s just this profound value in being able to be apart from the system and look at it critically and have fun while you’re doing it,” O’Rourke said. “I think of the Cult of the Dead Cow as a great example of that.”

The presidential hopeful, who espouses a mix of traditional liberal and libertarian views, describes the group as a sort of network for outcasts from society.

“When Dad bought an Apple IIe and a 300-baud modem and I started to get on boards, it was the Facebook of its day,” he said. “You just wanted to be part of a community.”

READ MORE: Beto O’Rourke’s secret membership in America’s oldest hacking group [Reuters]

More on hacktivism: It’s Now Scary to Be A White Hat Hacker Thanks to the US Government

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Presidential Hopeful Beto O’Rourke Belonged to Infamous Hacker Group

Elon Musk: 2019 Will Be “the Year of the Solar Roof”

During the unveiling of Tesla's highly anticipated Model Y, CEO Elon Musk announced that the company would focus on its Solar Roof and Powerwall in 2019.

Looking Up

During the unveiling of Tesla’s highly anticipated Model Y Thursday night, CEO Elon Musk shared his vision for his company’s immediate future — and it had little to do with cars.

“This is definitely going to be the year of the Solar Roof and Powerwall,” he told the audience, according to Inverse — a sign that Tesla is shifting its focus from the road to the home, with the ultimate goal of creating a fully sustainable future.

Pretty Picture

In August 2017, Tesla gave the world its first glimpse of an installed Solar Roof, and it looked, well, a lot like any other roof. But that was the point — Tesla’s solar tiles didn’t have the jarring appearance of many home solar panels.

That aesthetically pleasing design — combined with the tiles’ affordability and “infinity warranty” — had solar energy expert Senthil Balasubramanian predicting Tesla would be a “game changer” for clean energy.

With the exception of the occasional massive battery project, though, we haven’t heard much about Tesla’s home energy products since then. The company spent much of 2017 and 2018 focused on getting through the Model 3’s “production hell” and dealing with the fallout from Musk’s latest public misstep.

Under One Roof

But now that Model 3 production is humming along, Tesla has the bandwidth to shift some of its engineering focus back to its Solar Roof and home batteries, according to Musk — and that should go a long way toward helping the company meet its ambitious goal of a more sustainable energy system.

“Solar plus battery plus electric vehicles, we have a fully sustainable future,” Musk told the audience Thursday. “That’s a future you can feel really excited and optimistic about. I think that really matters.”

READ MORE: Tesla Solar Roof: Elon Musk Declares 2019 Will Be the Year of the Roof [Inverse]

More on Tesla: Solar Expert Predicts Tesla Will Be a “Game-Changer” for Clean Energy

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Elon Musk: 2019 Will Be “the Year of the Solar Roof”

This Guy Spent a Whole Week In a VR Headset

Jak Wilmot, co-founder of Disrupt VR, an Atlanta-based VR content studio, spent 168 consecutive hours in a VR headset, locked up in his apartment.

The Dumbest Thing

Jak Wilmot, the co-founder of Atlanta-based VR content studioDisrupt VR, spent 168 consecutive hours in a VR headset — that’s a full week — pent up in his apartment.

“This is quite possibly the dumbest thing I’ve ever done, but welcome to a week in the future,” he said in a video about the experiment.

To make the experience even more futuristic, Wilmot livestreamed the entire week on Twitch late last month, later uploading a wrapup video on his entire week on YouTube.

The rules were simple: he could switch from a computer-based Oculus headset to a different, untethered headset for thirty seconds while his eyes were closed. His windows were blacked out, he said, so that his physical body didn’t have to rely on the daylight-dependent circadian rhythm.

His more mobile VR headset had a built in camera in the front, so that he was able to “see” his physical surroundings — but not directly with his own eyes.

“Everything is in the Headset”

Wilmot worked, ate and exercised inside virtual reality. Sleeping in the headset turned out to be “more comfortable” than Wilmot anticipated, though his eyes burned a bit.

“If one is feeling stressed, they can load into a natural environment for ten minutes and relax,” he said in the video. “If one is feeling energetic, they can dispel energy in a fitness game — these are like the new rules of the reality I’ve thrown myself in. Everything is in the headset.”

VR Connection

Wilmot believes that virtual reality is what you make it. If you want to be alone, you can spend time by yourself in a gaming session, slaying dragons in Skyrim VR. Or you can chose to join the cacophony of VRChat — a communal free-for-all multiplayer online platform that allows you to interact with avatars controlled by complete strangers.

“VR is stepping into the shoes of someone else, or stepping into a spaceship and talking to friends,” said Wilmot. “It’s very easy to find your tribe, to make friends, to communicate with others through a virtual landscape, where its no longer through digital window [like a monitor], but actually being there with them. To me that’s what VR is — connection.”

Escaping Virtual Reality

After seven days of living inside the headset, Wilmot took off the goggles and relearned what it’s like to live in the real world.

Experiment_01… ????????

Subject Status… ????? pic.twitter.com/HC0Jqb3aZq

— jak (@JakWilmot) February 27, 2019

Apart from slight dizziness and some disorientation, he came back to normal almost instantly.

One major advantage to not living inside a VR headset: “oh my gosh,” he said, “the graphics are so good.”

READ MORE: This Guy Is Spending A Full Week In VR, For Science [VR Scout]

More on virtual reality: Sex Researchers: For Many, Virtual Lovers Will Replace Humans

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This Guy Spent a Whole Week In a VR Headset

How Can We Build Cities to Accommodate 6.5 Billion People?

By 2050, 6.5 billion people will choose to live in cities. These individuals will require employment and access to better healthcare from an infrastructure that is already extremely vulnerable. The Global Maker Challenge asked makers and innovators to help put forward solutions for this issue, and they delivered.

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How Can We Build Cities to Accommodate 6.5 Billion People?

Here’s How Hackers Stole $15 Million From Mexican Banks

In April, bank hackers stole the equivalent of $20 million from Mexico's central bank thanks to a network rife with security flaws.

Ocean’s Once

In April 2018, hackers stole the equivalent of $15 million from Mexican banks — and now we know how they probably did it.

Penetration tester and security advisor Josu Loza was one of the experts called in to respond to the April heist, and on March 8 he presented his findings at the RSA Security conference in San Francisco.

Based on his analysis, Mexico’s central bank wasn’t doing nearly enough to protect its clients’ money — but other financial institutions could avoid the same fate if they’re willing to work together.

Easy Money

On Friday, Wired published a story detailing the information Loza shared with the audience at RSA’s conference. Based on his assessment, the success of the heist was due to a combination of expert bank hackers willing to spend months planning their crime and a banking network rife with security holes.

During the presentation, Loza made the case that the hackers might have accessed the Banco de México’s internal servers from the public internet, or perhaps launched phishing attacks on bank executives or employees to gain access.

Regardless of how they first got access, Loza said, the main problem was putting too many eggs in one security basket. Because many of the networks lacked adequate segmentation and access controls, he argued, a single breach could provide the bank hackers with extensive access.

That enabled them to lay the groundwork to eventually make numerous money transfers in smaller amounts, perhaps $5,000 or so, to accounts under their control. They’d then pay hundreds of “cash mules” each a small sum — Loza estimated that $260 might be enough — to withdraw the money for them.

Cyber Insecurity

The bank hackers are still at large, but the heist appears to have served as a wake-up call for the Banco de México.

“From last year to today the focus has been implementing controls. Control, control, control,” Lazo said during his presentation, according to Wired. “And I think the attacks aren’t happening today because of it.”

He also noted the need for companies to collaborate to defend against cyberattacks.

“Mexican people need to start to work together. All the institutions need to cooperate more,” Loza said. “The main problem on cybersecurity is that we don’t share knowledge and information or talk about attacks enough. People don’t want to make details about incidents public.”

READ MORE: HOW HACKERS PULLED OFF A $20 MILLION MEXICAN BANK HEIST [Wired]

More on hacking: Hacker Figures out How to Drain $1 Million in Cash From ATM

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Here’s How Hackers Stole $15 Million From Mexican Banks

Slack Just Removed a Bunch of Hate Groups

Workplace messaging app Slack just announced that it banned 28 accounts that were known to be affiliated with hate groups.

Violating Terms

Slack, the team collaboration app commonly used to connect people within workplaces, announced Thursday that it had deleted 28 accounts that were clearly affiliated with hate groups, according to the company’s blog.

The announcement, sparse on concrete details or specifics, states that hate groups are explicitly unwelcome on the app and that Slack will continue to investigate and act on any future reports of hate speech or illegal activity.

“Today we removed 28 accounts because of their clear affiliation with known hate groups,” the statement reads. “The use of Slack by hate groups runs counter to everything we believe in at Slack and is not welcome on our platform.”

Joining the Fight

In recent years, major platforms like Facebook and Twitter have struggled to keep white supremacists and other hate groups from spreading their messages across the internet, though both ban Nazi messaging in Germany, where Holocaust denial is illegal.

Smaller scale platforms like Discord also recently started acting against hate groups, according to The Verge, which speculates that Slack’s focus on business communications instead of cultivating largescale communities may have helped the company avoid the issue of online hatemongering.

Real World Consequences

When hate speech is allowed to propagate online, it can lead to real-world violence — like the murder of Heather Heyer at a 2017 white supremacist rally. But banning hate groups and de-platforming the people behind them, as Slack claims to have done, is a successful strategy.

When right-wing activist Milo Yiannopolous was no longer permitted by online platforms to spread his racist and misogynistic viewpoints, he found himself effectively powerless and millions of dollars in debt, according to The Guardian.

“Using Slack to encourage or incite hatred and violence against groups or individuals because of who they are is antithetical to our values and the very purpose of Slack,” the company’s statement reads. “When we are made aware of an organization using Slack for illegal, harmful, or other prohibited purposes, we will investigate and take appropriate action and we are updating our terms of service to make that more explicit.”

READ MORE: Slack says it removed dozens of accounts affiliated with hate groups [The Verge]

More on content moderation: The UK Government Is Planning to Regulate Hate Speech Online

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Slack Just Removed a Bunch of Hate Groups

NASA: Space Travel Is Causing Astronauts’ Herpes to Flare Up

Tests show that dormant herpes viruses reactivate in more than half the astronauts who travel on the Space Shuttle and International Space station.

Dormant Viruses

Tests show that dormant herpes viruses reactivate in more than half the astronauts who travel on the Space Shuttle and International Space station, according to new NASA research — a phenomenon the space agency says could pose problems for deep space missions.

“During spaceflight there is a rise in secretion of stress hormones like cortisol and adrenaline, which are known to suppress the immune system, ” said study author Satish Mehta, a researcher at Johnson Space Center, in a press release. “In keeping with this, we find that astronaut’s immune cells — particularly those that normally suppress and eliminate viruses — become less effective during spaceflight and sometimes for up to 60 days after.”

Less Effective

In research published last month in the journal Frontiers in Microbiology, Mehta and colleagues found that astronauts shed more herpes viruses in their urine and saliva than before or after space travel. The culprit, they suspect, is just the stress of spaceflight.

“NASA astronauts endure weeks or even months exposed to microgravity and cosmic radiation — not to mention the extreme G forces of take-off and re-entry,” Mehta said in the press release. “This physical challenge is compounded by more familiar stressors like social separation, confinement and an altered sleep-wake cycle.”

Minor Symptoms

Fortunately, symptoms were relatively rare. Out of 89 astronauts the team studied, only six experienced herpes breakouts in space, according to the paper — a rate of about seven percent.

The viral shedding also got worse the longer the astronauts were off Earth, leading researchers to worry the phenomenon could represent a challenge for deep space travel.

“While only a small proportion develop symptoms, virus reactivation rates increase with spaceflight duration and could present a significant health risk on missions to Mars and beyond,” reads the press release.

READ MORE: Dormant viruses activate during spaceflight [Phys.org]

More on herpes: Immune Cells Working Together To Kill Herpes Virus Captured on Video

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New Robot Hand Works Like a Venus Flytrap to Grip Objects

A team from MIT and Harvard has created a robot hand that's not only strong, but also soft — and it could usher in a new era in robotics.

Versatile Touch

If we want robots to take over more tasks for humans, we need to give them more versatile hands.

Right now, many robot hands can only complete specialized tasks. Ones that are strong often have trouble with tasks that require a delicate touch, and soft hands often don’t pack much of a punch when it comes to strength.

But now, a team of researchers from the Massachusetts Institute of Technology (MIT) and Harvard University have created a robot hand that’s not only strong, but also soft — and it could usher in a new era in robotics.

Show of Hands

The team drew inspiration for its hand from the origami magic ball. Rather than using some sort of finger-like grippers, their cone-shaped robot hand envelopes an object and then collapses around it, much like a Venus flytrap captures its prey.

The pressure applied is enough for the hand to lift objects up to 100 times its own weight, but it can also handle far more delicate, light objects. A video released by MIT demonstrates the hand’s ability to pick up everything from a soup can to a banana.

Soft, but Strong

University of California at Santa Cruz robotics professor Michael Wehner, who was not involved in the project, praised the hand, noting its novelty in an interview with MIT News.

“This is a very clever device that uses the power of 3-D printing, a vacuum, and soft robotics to approach the problem of grasping in a whole new way,” Wehner said. “In the coming years, I could imagine seeing soft robots gentle and dexterous enough to pick a rose, yet strong enough to safely lift a hospital patient.”

READ MORE: Robot hand is soft and strong [MIT News]

More on robot hands: This AI-Operated Robotic Hand Moves With “Unprecedented Dexterity”

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New Robot Hand Works Like a Venus Flytrap to Grip Objects

States Are Approving Cannabis to Fight Opioid Addiction

Risky Maneuver

So far, two U.S. states, New York and Illinois, have legalized the use of cannabis to help treat chronic pain as an alternative to addictive opioids.

Ask anyone on the street, and they would probably tell you that cannabis helps people chill out. The chemical similarities between cannabis and opioids make it seem, anecdotally, like cannabis could help reduce opioid addiction. Both drugs mitigate similar symptoms and usher in similar experiences – but cannabis is far less dangerous on its own.

But anecdotal evidence only goes so far.

Mixed Bag

While it’s hard to criticize something that could help alleviate the opioid epidemic, the physiological impact of treating either chronic pain or opioid addiction with cannabis hasn’t undergone nearly the same rigor of scientific study as other medical treatments, according to Scientific American.

Overall, scientists have faced many challenges when it comes to experimenting with cannabis. Though Scientific American reports that some clinical research is finally starting to support it, overall, there’s just not a lot of evidence backing up that anecdotal hunch.

But because other opioid addiction treatments like methadone already work, and because cutting people off of them can be dangerous, scientists argued that switching people already taking prescription opioids over to a prescription of cannabis could actually be dangerous in a perspective letter recently published to the Journal of the American Medical Association.

Pain Factor

The big question is whether cannabis will not only be able to help people already addicted to opioids, but also the chronic pain that the opioids may have been for in the first place.

In this case, research is once more limited. Plenty of studies suggest that cannabis treats pain, but a research paper published in European Archives of Psychiatry and Clinical Neuroscience earlier this year found that most cannabis pain studies had severe limitations, calling their findings into question.

Legalizing marijuana could help people find all sorts of new treatments. And while exploring new tools to help treat people affected by the opioid epidemic is commendable, cannabis likely won’t end up being the answer.

READ MORE: Can Cannabis Solve the Opioid Crisis? [Scientific American]

More on cannabis: New Senate Bill Would Legalize Marijuana Nationwide

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States Are Approving Cannabis to Fight Opioid Addiction

This Tech Could Secure Medical Implants Against Hackers

Many of today's medical implants communicate via Bluetooth, which makes them vulnerable to hacking, but a new system could change that.

Heart Hack

An implanted medical device can dramatically improve a person’s quality of life — or even save their life outright.

However, the devices come with serious security vulnerabilities, and it’s not hard to imagine the damage a person could do by hacking someone’s pacemaker, insulin pump, or brain implant.

Now, researchers from Purdue University have found a way to prevent hackers from intercepting the wireless signals used to communicate with implanted devices — and their creation could ensure the “internet of body” remains secure in the future.

Watch This

Many people monitor their implants via electronic devices, such as smart watches or smartphones, with the implants and devices communicating over Bluetooth.

Those wireless signals can extend as far as 10 meters away from a person’s body, according to the Purdue researchers – meaning someone in the vicinity of the implant owner could intercept the information — and perhaps manipulate it.

In a new paper published in the journal Scientific Reports, the researchers detail how they created a prototype watch that avoids this issue.

Short Leash

According to the researchers, their watch can receive a signal from anywhere on a person’s body, but instead of communicating over Bluetooth, the electrical signals travel through the person’s own body fluids to reach the watch, never extending more than one centimeter beyond the person’s skin.

As a bonus, the system also requires 100 times less energy than Bluetooth, according to the researchers — but its ability to protect incredibly sensitive communications could be reason enough for the technology to replace Bluetooth for implant applications in the future.

READ MORE: Your body is your internet – and now it can’t be hacked [Purdue University]

More on implants: New Brain Implant Could Translate Paralyzed People’s Thoughts Into Speech

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This Tech Could Secure Medical Implants Against Hackers

The Pentagon Wants an Orbital Space Weapon to Blast Enemy Missiles

Space Laser

You know the scene in “Akira” where Tetsuo rips a satellite space weapon out of orbit?

Now the U.S. military wants to try something similar, according to Defense One. The Pentagon is requesting hundreds of millions of dollars to ramp up space-based weaponry including particle beams and space lasers that’ll fire downward at Earthly targets — a dark vision of the militarization of space.

Ballistic Missiles

According to Defense One, a Missile Defense Agency document released this week describes the military’s ambitions to disable ballistic missiles right as they launch.

“The addition of the neutral particle Beam effort will design, develop, and conduct a feasibility demonstration for a space-based Directed Energy Intercept layer,” it reads. “This future system will offer new kill options for the [Ballistic Missile Defense System] and adds another layer of protection for the homeland.”

Orbital Weaponry

Several contractors have prepared prototype orbital weaponry designs for the Pentagon over the years, according to Defense One, but they’ve been enormous and impractical. But now officials hope advances could make such a weapon feasible for a test by 2023.

“We’ve come a long way in terms of the technology we use today to where a full, all-up system wouldn’t be the size of three of these conference rooms, right?” said a senior defense official, according to Defense One. “We now believe we can get it down to a package that we can put on as part of a payload to be placed on orbit.”

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Computer Fraud Laws are Flawed, this Lawyer is Fighting Against Them

Tor Ekeland, hacker lawyer, fights back against the harsh punishments decreed using the Computer Fraud and Abuse Act. And one of those fights can be seen in “Trust Machine,” available now at Breaker.io.

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Computer Fraud Laws are Flawed, this Lawyer is Fighting Against Them

NASA Engineer: Humans Should Consider Settling Saturn’s Moon Titan

nasa-engineer-humans-settling-titan

Destination: Titan

If the Earth becomes inhabitable, a NASA engineer named Janelle Wellons says we should think about settling Saturn’s moon Titan, and she has a laundry list of reasons why — including that you might be able to fly by flapping your arms.

“It has a thick atmosphere that could help protect us from space radiation,” Wellons wrote on Reddit. “It is so dense that we could actually attach wings to our arms and fly on this moon. I don’t know, it just seems like an awesome place to live.”

Largest Moon

Wellon’s comments came in a Reddit appearance in which NASA engineers, scientists and pilots fielded questions from the public. One Redditor asked where the team would recommend settling if conditions on Earth became untenable, and Wellons chimed in with what she said was a “more interesting answer than the standard Mars or Moon response.”

“How about we consider one of the water worlds in our solar system — Titan,” she wrote. “Titan is the largest moon of Saturn, larger than the planet Mercury even, so I think we could settle with plenty room.”

Swim Good

In spite of Wellon’s enthusiasm, there are definite downsides to Titan. It only gets about one percent of the sunlight Earth does, and according to NASA’s research its maximum temperature is a wintry -292 degrees Fahrenheit.

But Wellon is still a fan.

“Now as for the conditions on the surface — not as rough as you may think,” she wrote. “Titan is the only place besides Earth known to have liquids in the form of lakes and seas on its surface. These liquids are made of methane but, armed with the right kind of protective gear, one could theoretically be able to swim without harm!”

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NASA Engineer: Humans Should Consider Settling Saturn’s Moon Titan

New Rocket Engine Could Whip You From London to Sydney in 4 Hours

The makers of a new hypersonic rocket engine say it could whip flights from London to Sydney in just four hours, traveling at five times the speed of sound.

Rocket Plane

The makers of a new hypersonic rocket engine say it could whisk flights from London to Sydney in just four hours, traveling at five times the speed of sound. That’s a flight that can take 20 hours on a conventional jetliner.

According to the BBCUK company Reaction Engines says it’s gearing up to test the futuristic craft in Colorado — a startling vision of the future of transportation that could also, if the engine lives up to the hype, inform the future of spaceflight.

Screaming Fist

Reaction Engines, which has backing from the Rolls-Royce and Boeing, calls the new rocket engine the Sabre. It inhales air at lower altitudes, but works more like a rocket when it gets higher up.

“The core can be tested on the ground, but it’s the core that gets you air-breathing from the ground up to the edge of space, at which point there is no more oxygen to breathe and the system transitions to the pure rocket mode,” said Shaun Driscoll, Reaction Engines’ program director, according to the BBC.

Orbiter

The company also says the Sabre engine could push the frontiers of spaceflight, by sending crafts straight into orbit without multiple propellant stages, according to the BBC, which also reported that the the European Space Agency recently signed off on a design review for the Sabre engine.

“The positive conclusion of our Preliminary Design Review marks a major milestone in Sabre development,” ESA’s head of propulsion engineering Mark Ford told the broadcaster. “It confirms the test version of this revolutionary new class of engine is ready for implementation.”

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New Rocket Engine Could Whip You From London to Sydney in 4 Hours

Astronomers Just Found 83 Giant Black Holes at Universe’s Edge

An international team of researchers says it's found 83 new supermassive black holes at extreme end of the visible universe.

Hole Story

An international team of researchers says it’s found 83 new supermassive black holes at extreme end of the visible universe — by looking at light that took so long to reach Earth that it dates from the early universe.

“It is remarkable that such massive dense objects were able to form so soon after the Big Bang,” said Michael Strauss, a professor of astrophysical sciences at Princeton University involved in the research, in a press release. “Understanding how black holes can form in the early universe, and just how common they are, is a challenge for our cosmological models.”

Squad Goals

The discovery was made by 48 astronomers around the world who described the findings in five new papers in The Astrophysical Journal and the Publications of the Astronomical Observatory of Japan.

The finding was based on data taken with the Hyper Suprime-Cam, a “cutting-edge instrument” at the Subaru Telescope at the National Astronomical Observatory of Japan, in Hawaii, which the researchers combined with readings from three more powerful telescopes around the world.

Quasar Theory

The newly-discovered black holes are quasars, which shoot out matter in powerful jets. The researchers are hoping that more datagathering and analysis will shed light onto how some of the earliest quasars in the universe formed.

“The quasars we discovered will be an interesting subject for further follow-up observations with current and future facilities,” said Yoshiki Matsuok, a researcher at Ehime University who worked on the discovery. “We will also learn about the formation and early evolution of [super massive black holes], by comparing the measured number density and luminosity distribution with predictions from theoretical models.”

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Astronomers Just Found 83 Giant Black Holes at Universe’s Edge

Ripple Price Forecast: XRP vs SWIFT, SEC Updates, and More

Ripple vs SWIFT: The War Begins
While most criticisms of XRP do nothing to curb my bullish Ripple price forecast, there is one obstacle that nags at my conscience. Its name is SWIFT.

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the king of international payments.

It coordinates wire transfers across 11,000 banks in more than 200 countries and territories, meaning that in order for XRP prices to ascend to $10.00, Ripple needs to launch a successful coup. That is, and always has been, an unwritten part of Ripple’s story.

We’ve seen a lot of progress on that score. In the last three years, Ripple wooed more than 100 financial firms onto its.

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Ripple Price Forecast: XRP vs SWIFT, SEC Updates, and More

Cryptocurrency Price Forecast: Trust Is Growing, But Prices Are Falling

Trust Is Growing…
Before we get to this week’s cryptocurrency news, analysis, and our cryptocurrency price forecast, I want to share an experience from this past week. I was at home watching the NBA playoffs, trying to ignore the commercials, when a strange advertisement caught my eye.

It followed a tomato from its birth on the vine to its end on the dinner table (where it was served as a bolognese sauce), and a diamond from its dusty beginnings to when it sparkled atop an engagement ring.

The voiceover said: “This is a shipment passed 200 times, transparently tracked from port to port. This is the IBM blockchain.”

Let that sink in—IBM.

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Cryptocurrency Price Forecast: Trust Is Growing, But Prices Are Falling

Cryptocurrency News: This Week on Bitfinex, Tether, Coinbase, & More

Cryptocurrency News
On the whole, cryptocurrency prices are down from our previous report on cryptos, with the market slipping on news of an exchange being hacked and a report about Bitcoin manipulation.

However, there have been two bright spots: 1) an official from the U.S. Securities and Exchange Commission (SEC) said that Ethereum is not a security, and 2) Coinbase is expanding its selection of tokens.

Let’s start with the good news.
SEC Says ETH Is Not a Security
Investors have some reason to cheer this week. A high-ranking SEC official told attendees of the Yahoo! All Markets Summit: Crypto that Ethereum and Bitcoin are not.

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Cryptocurrency News: This Week on Bitfinex, Tether, Coinbase, & More

Cryptocurrency News: Bitcoin ETFs, Andreessen Horowitz, and Contradictions in Crypto

Cryptocurrency News
This was a bloody week for cryptocurrencies. Everything was covered in red, from Ethereum (ETH) on down to the Basic Attention Token (BAT).

Some investors claim it was inevitable. Others say that price manipulation is to blame.

We think the answers are more complicated than either side has to offer, because our research reveals deep contradictions between the price of cryptos and the underlying development of blockchain projects.

For instance, a leading venture capital (VC) firm launched a $300.0-million crypto investment fund, yet liquidity continues to dry up in crypto markets.

Another example is the U.S. Securities and Exchange Commission’s.

The post Cryptocurrency News: Bitcoin ETFs, Andreessen Horowitz, and Contradictions in Crypto appeared first on Profit Confidential.

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Cryptocurrency News: Bitcoin ETFs, Andreessen Horowitz, and Contradictions in Crypto

Cryptocurrency News: Looking Past the Bithumb Crypto Hack

Another Crypto Hack Derails Recovery
Since our last report, hackers broke into yet another cryptocurrency exchange. This time the target was Bithumb, a Korean exchange known for high-flying prices and ultra-active traders.

While the hackers made off with approximately $31.5 million in funds, the exchange is working with relevant authorities to return the stolen tokens to their respective owners. In the event that some is still missing, the exchange will cover the losses. (Source: “Bithumb Working With Other Crypto Exchanges to Recover Hacked Funds,”.

The post Cryptocurrency News: Looking Past the Bithumb Crypto Hack appeared first on Profit Confidential.

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Cryptocurrency News: Looking Past the Bithumb Crypto Hack


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