Hackers bypass Coinbase 2FA to steal customer funds – The Record by Recorded Future

The Record by Recorded Future gives exclusive, behind-the-scenes access to leaders, policymakers, researchers, and the shadows of the cyber underground.
— Read on therecord.media/wp-content/themes/therecordmedia/

This is just to say,

No one should treat SMS based 2FA as secure or secret it is not a proper authentication method.

Least of all the massive banking institutions that use this method.

A World Without Sci-Hub – Palladium

Aaron Swartz was 26 years old when he took his own life. He did so under the shadow of legal prosecution, pursued by government lawyers intent on maximal punishment. If found guilty, he potentially faced up to 50 years in prison and a $1 million dollar fine. Swartz’s crime was not only legal, but political. He had accessed a private computer network and gained possession of highly valuable information with the goal of sharing it. His actions threatened some of the most powerful, connected, and politically protected groups in the country. Their friends in the government were intent on sending a message.

It’s the kind of story you would expect about some far-off political dissident. But Swartz took his life in Brooklyn on a winter day in 2013 and his prosecutor was the U.S. federal government. When Swartz died, he was under indictment for 13 felony charges related to his use of an MIT computer to download too many scientific articles from the academic database JSTOR, ostensibly for the purpose of making them freely available to the public. Ultimately, Swartz potentially faced more jail time for downloading academic papers than he would have if he had helped Al Qaeda build a nuclear weapon. Even the Criminal Code of the USSR stipulated that those who stored and distributed anti-Soviet literature only faced five to seven years in prison. While prosecutors later pointed toward a potential deal for less time, Aaron would still have been labeled a felon for his actions—and to boot, JSTOR itself had reached a civil settlement and didn’t even pursue its own lawsuit.

But Aaron’s cause lived on. This September marks the ten-year anniversary of Sci-Hub, the online “shadow library” that provides access to millions of research papers otherwise hidden behind prohibitive paywalls. Founded by the Kazakhstani computer scientist Alexandra Elbakyan—popularly known as science’s “pirate queen”—Sci-Hub has grown to become a repository of over 85 million academic papers.

The site is popular globally, used by millions of people—many of whom would otherwise not be able to finish their degrees, advise their patients, or use text mining algorithms to make new scientific discoveries. Sci-Hub has become the unacknowledged foundation that helps the whole enterprise of academia to function. 

Even when they do not need to use Sci-Hub, the superior user experience it offers means that many people prefer to use the illegal site rather than access papers through their own institutional libraries. It is difficult to say how many ideas, grants, publications, and companies have been made possible by Sci-Hub, but it seems undeniable that Elbakyan’s ten-year-old website has become a crucial component of contemporary scholarship.  
— Read on palladiummag.com/2021/09/24/a-world-without-sci-hub/

Argo Blockchain Becomes First Climate Positive Cryptocurrency Mining Company and Releases Climate Strategy

LONDON, August 17, 2021–Argo Blockchain plc (LSE:ARB; OTCQX:ARBKF), (“Argo” or the “Company”), a global leader in sustainable blockchain infrastructure and cryptocurrency mining, today announced it has become the first publicly traded cryptocurrency mining company to report it has become Climate Positive for Scope 1, 2, and 3 Greenhouse Gas (GHG) emissions associated with all of its respective crypto-related operations. Climate Positive means that the company is addressing its own GHG emissions
— Read on finance.yahoo.com/news/argo-blockchain-becomes-first-climate-130000123.html

Appreciating the Poetic Misunderstandings of A.I. Art | The New Yorker

The Twitter account @images_ai has gained a following for its feed of surreal, glitchy, sometimes beautiful images created through machine learning.
— Read on www.newyorker.com/culture/infinite-scroll/appreciating-the-poetic-misunderstandings-of-ai-art

Beyond the Bitcoin Bubble – The New York Times

Yes, it’s driven by greed — but the mania for cryptocurrency could wind up building something much more important than wealth.
— Read on www.nytimes.com/2018/01/16/magazine/beyond-the-bitcoin-bubble.html

Cross-Chain DeFi Site Poly Network Hacked; Hundreds of Millions Potentially Lost – CoinDesk

DeFi platform Poly Network was attacked on Tuesday, with the alleged hacker draining roughly $600 million in crypto.
— Read on www.coindesk.com/cross-chain-defi-site-poly-network-hacked

NFTs Seem Like a Frivolous Fad, But They Should Be the Future of Music – Rolling Stone

The wild boom and bust of art NFTs made many onlookers wary of blockchain-based technology — but new developments in gaming, ticketing, and music royalties reveal NFTs’ true power
— Read on www.rollingstone.com/pro/features/crypto-nft-gaming-ticketing-royalties-1197979/

Real-World Applications of Blockchain Technologies

Application of blockchain technologies are beyond cryptocurrency and bitcoin. With its ability to develop more transparency, it is impacting a variety of sectors. Read out the real-world uses of blockchain technology.
— Read on www.analyticsinsight.net/real-world-applications-of-blockchain-technologies/

NFT Technology Is Set To Disrupt The Music Publishing Business Forever Giving More Control Back To Artists For Their Music

For over 30 years now, acclaimed guitar hero Joe Bonamassa has paved his own path in the music industry. Now Bonamassa is teaming up for his latest venture with Heritage Auctions, where he and longtime business partner Roy Weisman are changing the rules of the NFT game to offer one of the most intriguing, high value offers out there. The truly unprecedented lot sets Joe as the first musician to sell his music publishing in an NFT as part of this digital + physical collection, which also features his own “Holy Grail” 1959 Gibson Les Paul Sunburst guitar and 1963 Fender Vibroverb amp that were used to record the song. What truly raises the stakes in the world of art and music, is the value. Here the reserve bid is worth the gear alone, yet Bonamassa is giving a once in a lifetime opportunity to ALSO become the owner of the master and publishing for one of his songs, “Broken Record.”
— Read on www.newswire.ca/news-releases/nft-technology-is-set-to-disrupt-the-music-publishing-business-forever-giving-more-control-back-to-artists-for-their-music-843169357.html

Stacey Abrams co-founded fintech company Now raises $9.5M | TechCrunch

Abrams and O’Connor Hodgson founded Now in 2010 to provide small businesses a quicker method for getting invoices paid. When a business submits an invoice through NowAccount, the service pays 100% of the invoice, minus a 3% merchant fee.

“We sell bonds in the capital market, just like American Express does,” O’Connor Hodgson explains. “We have very low-cost capital that we’re able to give that small business their revenue immediately. And then we’ve built a system that allows us to manage the cost and risk of that, because we’re going to then wait 30+ days to get paid.”

Today the Georgia-based company announced that it has raised $9.5 million in Series A funding. The round, led by Virgo Investment Group and featuring Cresset Capital Partners, will be used to help scale Now’s offerings. It comes as the pandemic has put even more of a strain on invoices for many companies. O’Connor Hodgson says the average wait time for invoice payment expanded from around 50 days to between 70-80.
— Read on techcrunch.com/2021/06/09/stacey-abrams-cofounded-fintech-company-now-raises-9-5m/