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“The ETF Did Not Meet the Necessary Requirements”- SEC


On the contention that the ETF (exchange-traded fund) documenting from Bitwise Asset Management and NYSE Arca didn't meet the fundamental prerequisites, the United States Securities and Exchange Commission (SEC) dismissed a proposal to list a Bitcoin (BTC) ETF.

The announcement came on Oct. 9, where the regulators expressed that the said applicants didn't meet the vital prerequisites with respect to conceivable market manipulation and illicit activities.

The SEC stated: "Rather, the Commission is disapproving this proposed rule change because, as discussed below, NYSE Arcahas not met its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate that its proposal is consistent with the requirements of Exchange Act Section6 (b) (5), and, in particular, the requirement that the rules of a national securities exchange be’ designed to prevent fraudulent and manipulative acts and practices.'

The choice by the SEC contradicts the recent remarks from Matt Hougan, managing director and global head of research at Bitwise, who on CNBC on Oct. 7 stated, “We’re closer than we’ve ever been before to getting a Bitcoin ETF approved.”

Hougan had been idealistic about the 'firm's chances to land approval' for a physically-held Bitcoin ETF and he likewise noticed the huge development that has transpired in the crypto space as of late. 

The dismissal of Bitwise's proposition pursues a series of deferrals and solicitations for input from the SEC, and now its decision on the proposition has been additionally delayed by the regulator — together with two other crypto ETF applications — until Oct. 13.

Russians were warned about difficulties with access to Internet pages


The deficit of Internet addresses may occur at the end of September in Russia. Therefore, many users will not be able to visit portals and sites that they previously visited without problems.

A representative of one of the world's largest Internet registries RIPE Network Coordination Center (RIPE NCC) Alexey Semenyaka a few days ago said that by the end of September IP-addresses using IPv4 will end in Russia, as well as in the Middle East and Europe. This is due to the huge number of devices connected to the Network. A week ago there were 1.88 million free addresses in these regions, and on 9 September there were already 1.69 million.

In the fall of 2019, sites will begin to constantly require visitors to confirm that they are real people, not robots. Experts explained that this is due to the Internet features.

So, each user has their own IP address. Sometimes several people have the same IP. If they try to enter with a single IP a site, it can take it for a hacker attack or the actions of bots. This situation is quite likely with a lack of free IP-addresses.

Analysts said that millions of people in Russia will face this problem. So, it is necessary to transfer the Internet network to IPv6 protocol, which should completely replace outdated IPv4. Major providers have already taken care of this. For example, instead 192.168.39.156 will be used 3dfc:0:0:0:0217:cbff:fe8c:0. Available combinations will last for a long time.

However, according to the CEO of Telecom Daily Denis Kuskov, some small regional Internet providers may not have enough resources and competencies to switch to the new Protocol.

It became known this week that ROSKOMNADZOR (Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications ) at the request of the FSB (The Federal Security Service) may suspend the activities of two foreign postal services.

ROSKOMNADZOR demanded from companies Heinlein Support GmbH (owns a paid email service Mailbox.org) and SCRYPTmail LLC (operates the Scryptmail.com mail service) to provide encryption keys from user correspondence.

The FSB drew attention to the company's data because false reports of mining came from devices registered on scryptmail.com and mailbox.org. Representatives of the company refused to comment.

Recall, in the fall of 2017, Telegram was fined 800 thousand rubles, and then blocked in Russia because of the refusal to provide the FSB with encryption keys from user correspondence.

Expert warns cyber threats to worsen with tech advances


Technological advances like Artificial Intelligence, Internet of Things, Automatic Cards and others will throw up new challenges for cyber security and all countries must unite to foresee and combat them, a leading Israeli cyber security expert said on Monday.

"The Internet was not designed for security, hence it is inherently insecure since everything is hackable. It is more difficult to be a cyber security personnel than a hacker. The hacker has to succeed only once, where the the cyber security personnel has to succeed always to remain safe, within many rules and regulations," Menny Barzilay, the CEO, Cyber Research Centre of Tel Aviv University and CEO of Cytactic, said.

He pointed out how "smart people" from different countries are joining hands to commit cyber crimes and hence there is "a need for super-smart people" from around the world to join as cyber security experts.

"Cyber threats don't create a sense of urgency, unlike a bomb threat, and we cannot feel it in our senses. It is therefore more difficult to convince people that the 'cyber' threat is real," said Barzilay, addressing a panel discussion on cyber security at Nehru Science Centre (NSC) via videoconference.

The discussion was also attended by Israeli Consul-General in Mumbai, Yaakov Finkelstein, security experts from the Mumbai Police and students.

Recalling an incident of cyber attack on Sony Corporation after the release of its film, "The Interview", Barzilay said that corporates are not prepared to face cyber crimes and the government must support them during such cyber hits.

"Billions of devices, part of Internet of Things implies they are prone to hacking, a smart device means being vulnerable, it will also affect our privacy. Big companies have lot of data about users and can manipulate them for private gains, something which allegedly happened in the US elections," he said.

Putin said that Russia should become a leader in the IT-sphere


This week, the largest state corporations distributed among themselves the themes of the national project Digital Economy. The Government event took place in the Kremlin on July 10, attended by President Vladimir Putin. This ceremony actually determined the future of Russia.

Agreements were signed at the ceremony between the Government and important Russian state corporations, such as Sberbank, Russian Railways, Rostelecom, etc., in the areas of "Artificial Intelligence", "Quantum Communications", "Wireless Communication of the New Generation", "Technologies for Creating New Materials and Substances", "Quantum Sensors", etc.

The Russian President shared his thoughts on the importance of developing IT-technologies. He is sure that “these directions, without any doubt, determine the economy of the future not only of our country but also of the world. Their use can provide a real breakthrough for Russia”.

“The global competition for the technology of the future has already developed. And our task is not to waste time, to do everything to become one of the leaders, to guarantee Russia technological sovereignty, a worthy place among the leading players in promising new markets, ” Vladimir Putin said.

World experience shows that the corporate sector provides up to 80% of successful research and development. In this situation, the Government can provide large companies with all the necessary assistance and support for the development of high-tech areas.

As a reminder, the Russian Government approved the national program "Digital economy" and allocated 1 trillion rubles (217 billions $) from the Federal budget for the implementation of the presidential task — in six years to triple domestic investment in the digital economy, to create a modern, safe and accessible to all IT-structure, to transfer state agencies mainly to Russian software. In other words, the Government decided to move from the category of countries with developing economies to the list of developed economies at the expense of IT-projects.

Zomato successfully tests its drone technology

E-commerce companies and food-delivery platforms are globally believed to be among the first adopters of drone-based delivery.

Zomato, the online ordering and food delivery platform, on Wednesday announced that it has successfully tested its drone delivery technology. The test, which was conducted using a hybrid drone, was a part of the company's attempts to reduce the time taken to make a food delivery to its customers.

The first test saw Zomato make a drone-based food package delivery under restricted conditions, covering 5 km in 10 minutes and at peak speed of 80 kmph.

"The drone was tested last week at one of the remote sites approved by the DGCA. Such tests are done at very remote sites which are especially designed to conduct such tests," Zomato told IANS.

It comes months after Gurgaon-headquartered firm had acquired Lucknow-based drone startup TechEagle to reduce food delivery times and solve other issues like pollution and traffic. Zomato also revealed that it is forming a consortium as per Director General of Civil Aviation (DGCA) guidelines to carry out experimental Beyond Visual Line of Sight (BVLOS) drone operations.

However, the food aggregator did not reveal the exact location where the drone delivered the package.

According to the notification issued by Director General of Civil Aviation (DGCA) on May 13, interested companies have been asked to submit an Expression of Interest (EOI) to the DGCA for conducting experimental Beyond Visual Line of Sight operations (BVLOS) of Remotely Piloted Aircraft Systems (RPAS)/Unmanned Aircraft Systems (UAS).

Currently, while regulations prohibit payload carriage on drones along with disallowing drone operations outside visual line of sight, the government — while announcing rules for unmanned aerial vehicles (UAV) in August last — had said that the norms will be evolved with time as and when companies are able to exhibit newer technologies.

"The only possible way to reduce the average 30 minutes to 15 minutes is to take the aerial route. Roads are not efficient for very fast deliveries.

Russia is ready to supply Vietnam with e-government technologies



The Ministry of Digital Development, Communications and Mass Communications of the Russian Federation reports that Russia is ready to supply Vietnam with e-government technologies, smart and safe city solutions, as well as information security products.

Rostelecom, Russia's largest provider of digital services and solutions, and Vietnam's leading provider of telecommunication services and information technology services Vietnam Posts and Telecommunications Group (VNPT) signed a Memorandum of understanding (MOU) aimed at developing cooperation in the field of information and communication technologies.

The Memorandum was signed by President and CEO of VNPT Pham Duc Long and President of Rostelecom Mikhail Oseevsky. The signing was attended by Prime Minister of Vietnam Nguyen Xuan Phuk and Prime Minister of the Russian Federation Dmitry Medvedev. In accordance with the text of the Memorandum, the main areas of cooperation are information security, e-government and smart cities.

The Memorandum involves the exchange of media products and programs, the implementation of joint thematic projects, press tours and internships of journalists.

In addition, Russia is ready to share its experience in the transition to digital broadcasting, to offer domestic equipment (digital broadcasting and television transmitters) for the Vietnam market and to establish cooperation in the design and construction of broadcasting networks.

According to Pham Duc Long, VNPT is implementing the digital transformation strategy to become the leading provider of digital services in the region. Cooperation with Rostelecom will help VNPT to successfully implement digital projects and e-government projects in Vietnam, helping to solve the important task of the digital transformation of Vietnam in the direction of digital government, digital economy and society.

Mikhail Oseevsky, President of Rostelecom, said that the business cooperation with VNPT in innovative high-tech platforms has been developing for the second year already. The signed Memorandum was an obvious confirmation of the interest of companies in the further expansion of cooperation.

Sensors existing in smartphones themselves present a gateway to hackers.

According to a study led by an Indian-origin scientist Shivam Bhasin, NTU Senior Research, data from your smartphone sensors can reveal PINs and passwords to hackers and allow them to unlock your mobile devices. Researchers from Nanyang Technological University (NTU) in Singapore used sensors in a smart phone to model which number had been pressed by its users, based on how the phone was tilted and how much light is blocked by the thumb or fingers.

Instruments in smart phones such as the gyroscope and proximity sensors represent potential security vulnerability, said researchers.

Utilizing machine learning calculations  and algorithms and a combination of data gathered from six different sensors found in smartphones, the researchers accomplished in unlocking Android smart phones with 99.5 per cent precision in just three tries, while tackling a phone that had one of the 50 most basic and common PIN numbers.

The team of specialists took Android phones and installed a custom application which gathered information from six sensors: accelerometer, gyroscope, magnetometer, proximity sensor, barometer, and ambient light sensor.

"When you hold your phone and key in the PIN, the way the phone moves when you press 1, 5, or 9, is very different. Likewise, pressing 1 with your right thumb will block more light than if you pressed 9," said Bhasin.

Albeit every individual enters the security PIN on their phone in a different way, the researchers demonstrated that as information from more individuals is fed to the algorithm after some time, the success rates improved.

So while a vindictive application will most likely be unable to effectively figure a PIN  instantly after installation, but by using machine learning, it could gather information from a huge number of users over time from each of their phones to take in their PIN entry pattern and then dispatch an attack later when the success rate is substantially higher.

The study demonstrates how gadgets with apparently strong security can be attacked using a side-channel, as sensor information could be redirected by vindictive applications to keep an eye on the user behaviour and help to access the PIN  and password data, said Professor Gan Chee Lip from NTU.

To keep Mobile phones secure, Dr Bhasin encourages users to have PINs with more than four digits, combined with other validation techniques like one-time passwords, two-factor confirmations, and unique finger impression or facial recognition.

Fedora 16 Linux Released (Codename "Verne")



Today , Fedora 16(codename "verne") Linux Released, powered by the newly released Linux kernel 3.1, it features the GNOME 3.2.1 desktop environment with the GNOME Shell interface and the KDE Software Compilation 4.7.2 environment. Fedora 16 includes OpenStack, lots of SELinux enhancements, updated Haskell, Perl and Ada environments, Blender 2.5, Boost 1.47, TigerVNC 1.1, and much more.

The following are major features for Fedora 16:

  • Enhanced cloud support including Aeolus Conductor, Condor Cloud, HekaFS, OpenStack and pacemaker-cloud
  • KDE Plasma workspaces 4.7
  • GNOME 3.2
  • A number of core system improvements including GRUB 2 and the removal of HAL.
  • An updated libvirtd, trusted boot, guest inspection, virtual lock manager and a pvops based kernel for Xen all improve virtualization support.
Full feature list here

Fedora 16:

Chrome Overtakes Firefox to Become UK’s Second Most Popular Browser

Google’s web browser Chrome is now the second most popular browser in the United Kingdom, according to web metrics company Statcounter.

Chrome’s market share has been on an upward trajectory globally, but in the UK Google’s browser has been doing exceptionally well, having captured a 22.12% market share in July, edging over Firefox which currently holds 21.65%.