Category:

Technology

Why Bitcoin’s wild ride bodes well for the future of digital cash

The mania and panic that have gripped decentralized cryptocurrencies are heightening the attraction of their coming rivals: digital cash, issued by central banks. These tokens will be staid, centralized and state-controlled. That’s exactly what users will want in an Internet of Things world where machines need to settle claims with one another all the time, instantaneously, but without contributing to global warming.

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US to treat growing ransomware incidents as terror attacks

Christopher Wray, Director of the FBI, told The Wall Street Journal that the country is facing a similar challenge like 9/11, and the Bureau has identified about 100 different types of ransomware, several of them being traced to Russia.

“There are a lot of parallels, there’s a lot of importance, and a lot of focus by us on disruption and prevention. There’s a shared responsibility, not just across government agencies but across the private sector and even the average American,” Wray told WSJ on Saturday.

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Govt warns Twitter exemption from liability will be withdrawn on non-compliance

The new IT rules require significant social media intermediaries – those with other 50 lakh users – to appoint a grievance officer, nodal officer, and chief compliance officer. This personnel is required to be residents in India.

Under the new rules, social media companies will have to take down flagged content within 36 hours, and remove within 24 hours content that is flagged for nudity, pornography, etc. The Centre had said the new rules are designed to prevent abuse and misuse of platforms, and offer users a robust forum for grievance redressal.

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