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News & Articles By Franz Walker
10/16/2021
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By Franz Walker
Report: Etherium still uses massive amounts of energy across its cryptocurrency network
Ethereum, one of the biggest cryptocurrencies after bitcoin, consumes massive amounts of energy to run its network. This is despite efforts from its creators to reduce its energy consumption a few years back. A new report from Digiconomist‘s Ethereum Energy Consumption Index shows that Etherum experienced a massive spike in energy consumption starting this past […]
08/27/2021
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By Franz Walker
Glitch in FBI software allowed its employees to have unauthorized access to private, sensitive data on private companies
A new court filing states that a glitch in software used by the Federal Bureau of Investigation allowed unauthorized employees to access private data for over a year. The faulty software was developed by Palantir, a sprawling data analytics company co-founded by billionaire Peter Thiel. The glitch was detailed in a letter sent by Manhattan’s acting federal […]
07/20/2021
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By Franz Walker
NYC subway system was secretly hacked by Chinese-backed hackers in April of this year
Hackers with links to the Chinese government targeted New York City’s subway system in April, according to documents from the Metropolitan Transportation Authority (MTA). According to a report by the New York Times, the hacking group penetrated the MTAs computer systems, exposing vulnerabilities in a vast transportation network that carries millions of people in the New York City […]
07/01/2021
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By Franz Walker
Top Bitcoin mining rig maker suspends sales as clients flee Chinese crackdown
The world’s top bitcoin mining rig maker has suspended sales of its machines for spot delivery globally following Beijing’s crackdown on the cryptocurrency industry in the country. Bitmain Technologies is stopping sales in an effort to prop up local prices after crypto miners fleeing China have started dumping used mining rigs on the market. By postponing sales, […]
06/27/2021
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By Franz Walker
South African brothers disappear with $3.6 billion worth of stolen bitcoin
A pair of South African brothers have vanished, taking with them $3.6 billion worth of bitcoin from the cryptocurrency investment platform they put up. A Cape Town law firm hired by investigators says it is unable to find Ameer and Raees Cajee, founders of Africrypt, the country’s largest cryptocurrency exchange. The firm has since reported […]
06/15/2021
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By Franz Walker
Former ADT technician sentenced to 4+ years in prison for spying on customers, watching their most intimate moments through their own home security cameras
A former home security technician was sentenced by a U.S. district judge to 52 months in federal prison for repeatedly hacking into customers’ video feeds in North Texas. Telesforo Aviles, a 35-year old former ADT employee, pleaded guilty to computer fraud in January. He was sentenced on Thursday, June 9, by U.S. District Judge Brantley Starr. “The […]
06/14/2021
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By Franz Walker
Coronavirus outbreak in Taiwan threatens to worsen global semiconductor shortage
In the midst of an ongoing semiconductor shortage, the spread of the Wuhan coronavirus (COVID-19) into Taiwan’s electronic factories is threatening to delay chip shipments even further. The country, home to a number of the world’s largest semiconductor manufacturers, is suffering from its first large outbreak of COVID-19. This has come against a backdrop of […]
06/14/2021
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By Franz Walker
Microsoft exec warns that unregulated AI development will lead to an Orwellian future
A Microsoft executive predicts that runaway artificial intelligence (AI) could lead to an Orwellian future if appropriate laws to protect the public aren’t enacted soon. Microsoft president Brad Smith made the comments during an episode of the BBC‘s “Panorama,” aired May 26, that focused on the potential dangers of AI and the race between the United States and China […]
06/08/2021
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By Franz Walker
Amazon’s US customers have until today to opt out of Amazon Sidewalk, or Amazon will start sharing your bandwidth with nearby devices in other people’s homes
Amazon’s customers in the United States have until June 8 to opt out Amazon Sidewalk, a plan that would turn every Echo speaker and Ring security camera in the country into a shared wireless network. Amazon Sidewalk is part of the company’s plan to supposedly fix connection problems for its smart home devices. When it rolls out […]
06/07/2021
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By Franz Walker
Intel CEO warns global chip shortage could persist for a couple more years
Intel chief executive Pat Gelsinger said that it could take a couple of years for the ongoing global semiconductor shortage to be resolved. On Monday, May 31, during a virtual session of the Computex trade show in Taipei, Gelsinger stated that the work-and-study-from-home trend during the Wuhan coronavirus (COVID-19) pandemic has led to a cycle […]
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