South African company to tackle ebook piracy with blockchain technology – IT News Africa

Custos Media Technologies, a South African company that provides a globally effective solution to piracy by outsourcing the detection of pirated content using Bitcoin and its blockchain, announced on Wednesday 13 September 2017 that the company will be participating in a new blockchain-based anti-piracy solution for ebooks, following the recent news that content protection giant Digimarc and ebook publisher Erudition are joining forces.

This new collaboration debuts the combination of Digimarc Barcode for digital documents and Custos’ infringement detection technology. This provides a more effective, reader-friendly way to combat ebook piracy.

Erudition and Custos have worked closely together over the past year. The Stellenbosch-based media protection company provides technology that adds Bitcoin deposits to ebooks. These digital bounties enable Custos to rapidly detect piracy after the first copy of a file is shared.

More at: South African company to tackle ebook piracy with blockchain technology – IT News Africa

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Blockchain technology will revolutionize cybersecurity – Infosecurity Magazine

Emerging blockchain technology is helping revolutionize cybersecurity. Further, blockchain technology start-ups will help secure data in private messaging, business and within popular user websites and applications.

The blockchain is a relatively new technology, which became famous through its first successful implementation – Bitcoin. Thanks to its unique properties, it has given rise to multiple start-ups that are specializing in blockchain technology and bringing cybersecurity to a whole new level.

The blockchain is a technology that helps encrypt all the actions performed with a file or object into the code that is inherent in the file. This encryption cannot be removed, altered or omitted, which makes the files’ records completely transparent: it is always known what transactions were carried out with it, when and by whom. Such a decentralized, autonomous approach to data security brings new opportunities in internet security, which many industries – from businesses to social media – have long been waiting for.

More at: Blockchain technology will revolutionize cybersecurity – Infosecurity Magazine

Cryptocurrency Mining Malware on Pace to Infect 2 Million Computers in 2017 – CryptoCoinsNews

Cryptocurrency mining malware is on pace to infect more than 2 million computers in 2017, according to a new analysis of telemetry data from Kaspersky Labs.

The report, which was published by technical support site Bleeping Computer, says that more than 1.65 million computers became infected with cryptocurrency mining malware during the first nine months of the year.

According to data from Kaspersky Labs, the number of infected computers has increased significantly every year. In 2013–when bitcoin first gained sustained mainstream media attention–only 205,000 computers were infected. The number continued to climb in subsequent years, even as the crypto market cap waned. Last year, these cyber attacks reached an all-time high of 1.8 million as the markets began a sustained advance. If the current pace continues, more than 2.3 million computers will have been infected by the end of the year.

More at: Cryptocurrency Mining Malware on Pace to Infect 2 Million Computers in 2017 – CryptoCoinsNews

Blockchain system tackles component counterfeiting – eeNews Europe

An anti-counterfeiting system based on blockchain could help the UK military and large manufacturers have more confidence in the electronic components they use.

UK consultancy Accenture has worked with French electronics maker Thales to develop a demonstrator that uses a number of different security techniques to provide security for electronic components throughout the supply chain using the same technology as digital currencies such as Bitcoin and Ethereum.

The system is not just about security, but integration with the payment and business systems using smart contracts so that large OEMs can easily see the provenance of components says Mark Walton-Hayfield of Accenture Digital who led the development.

“Counterfeit parts are a real threat in manufacturing,” he said. “Earlier in 2017 the US armed services estimated that 15 per cent of the components in their machinery are counterfeit. We don’t even have an estimate for what that is in the UK military, but we should anticipate that it is comparable.”

More at: Blockchain system tackles component counterfeiting – eeNews Europe

JP Morgan labels Bitcoin a ‘fraud’ – The Block

JP Morgan Jamie Dimon has labelled Bitcoin a fraud that will eventually ‘blow up’ at a banking conference in New York.

In an astonishing tirade against the flagship digital currency, Dimon said that it was only fit for use by drug dealers, murderers and people living in locations like North Korea. He also said that he would immediately fire any employee at the investment bank that he found to be trading in Bitcoin.

The Guardian quotes Dimon as saying:

“The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.

“It is worse than tulip bulbs. Don’t ask me to short it. It could be at £20,000 before it happens, but it will eventually blow up. Honestly, I am just shocked that anyone can’t see it for what it is.”

More at: JP Morgan labels Bitcoin a ‘fraud’ – The Block

Governments want to control cryptocurrencies — but there’s a danger to too many rules – CNBC

    • Regulators in the U.S., Singapore, Japan and China are looking into regulatorymeasures to control the growth in digital tokens
    • China recently made it illegal for companies to raise new funds by issuing virtual tokens
    • Some worry that too much regulation could stifle innovation and go against an original tenet of cryptocurrencies: privacy
    • But others say there are net benefits to having some regulatory oversight

Cryptocurrencies have exploded in popularity in recent years, thanks to innovation in blockchain, the distributed ledger technology underpinning those virtual tokens such as bitcoin.

That has led to a red-hot fundraising trend where start-ups are pulling in millions of dollars in capital by issuing virtual coins to investors in exchange for money.

As a result, there is renewed interest from regulators in Singapore, the United States, Japan and China to have oversight in the cryptocurrency space and curb the potential of widespread money laundering and fraud. But some worry that too many rules could potentially deter firms from innovating on the blockchain.

More at: Governments want to control cryptocurrencies – but there’s a danger to too many rules – CNBC

‘Chinese ICO Ban Is Not Quite What It Appears,’ US Blockchain Attorney Explains – CoinSpeaker

The People’s Bank of China recently announced its decision to introduce a complete ban on ICOs, a stunning move that sent shockwaves throughout the world. The global blockchain is abuzz, parsing this decision and its potential consequences.

Many believe it will impede innovation, making access to funds to launch new ideas to life difficult. Others expect that many Chinese businesses will relocate to other markets. But everyone agrees on one thing: the implications will be vast.

“China just joined the list of countries which made their official statements about ICOs, reminding everyone that tokens could be securities and, as such, their sale through an ICO is illegal if it does not follow the law of the land,” says Katrina Arden, an attorney with numerous US-based ICOs under her belt and currently a legal counsel at ICOBox, a premier provider of SaaS ICO solutions.

Katrina continues: “Unfortunately, there have been a lot of ICOs recently that were conducted in violation of the securities law of many countries. It is a very important and positive development that governments of countries such as U.S., Singapore, and China are letting the ICO market players know the rules of the game, and what regulations they need to obey. But not all ICOs are illegal. Tokens could still be sold to public as long as their sale complies with the relevant laws.”

The blanket Chinese ban is in stark contrast to the approach of such countries as Switzerland and Singapore, which have created favourable environments for new financial technologies and cryptocurrencies.

Russia is presently contemplating allowing digital currencies to trade on the Moscow exchange. The US and UK are taking a more guarded “wait and see” approach, stepping in to protect the investors as needed but otherwise allowing startups to play in the sandbox and test new financial tools.

Each market has its own priorities and legal frameworks which determine their approach to the industry’s legal regulation. But all of them have one thing in common: In different measures they all protect investors from being taken advantage of.

More at: ‘Chinese ICO Ban Is Not Quite What It Appears,’ US Blockchain Attorney Explains – CoinSpeaker