Internet Computer

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According to reports circulating on the web, 24 Chinese researchers have reportedly succeeded in breaking RSA encryption using a quantum computer. This would be a significant achievement, as RSA encryption is widely used in current security practices. However, a number of experts, computer scientists, and cryptographers do not believe the researchers have made a significant discovery, based on the scientific paper published in Dec. 2022.
Quantum Computing Race Heats Up as Chinese Researchers Claim Breakthrough in RSA Encryption
In Sept. 2022, the U.S. Cybersecurity and Infrastructure Security Agency (CISA) warned that a post-quantum world was coming soon and stressed that contemporary encryption techniques could break. Months later, in December 2022, a scientific paper published by 24 Chinese researchers claimed to have broken 2048-bit RSA encryption using a quantum computer. The paper follows a report from April 2022 that detailed that China was “taking the lead” in the quantum computing race.

Basically, a quantum computer is a type of computational device that uses quantum-mechanical phenomena and can perform operations on data faster than classical computers can perform computational tasks. RSA is named after its creators, Ron Rivest, Adi Shamir, and Leonard Adleman, and is widely used on today’s computer systems. It is an example of a public-key cryptography system, which means that modern computers often use it to encrypt and decrypt messages.
On January 5, 2023, the Financial Times (FT) reported on the paper that alleges Chinese researchers have claimed success in breaking RSA encryption. FT questioned a few experts about the paper, and Roger Grimes, a computer security expert and author, told FT: “It’s a huge claim — It would mean that governments could crack other governments’ secrets. If it’s true — a big if — it would be a secret like out of the movies, and one of the biggest things ever in computer science.”
There is also a Google Groups conversation where people are debating whether Chinese researchers have factored in 2048-bit integers. Bruce Schneier, a computer security and cryptography expert, published an analysis and stated that the paper relies on a disputed paper written by Peter Schnorr, a German mathematician. Schneier also shared his opinion with the Financial Times about the so-called quantum computing breakthrough. “We have no empirical proof that the [new] quantum algorithm overcomes the Schnorr scaling problem,” Schneier told the FT. “There’s no reason to believe it won’t—but there’s no reason to believe it will.”

Quantum computing’s potential to break contemporary encryption techniques has worried crypto proponents for some time. However, some believe that if quantum computers can break encryption, it will be a closely guarded secret. When asked if he thought a quantum computer could break Bitcoin’s cryptography, Bitcoin evangelist Andreas Antonopoulos once said, “The last thing they are going to use that on is Bitcoin.” Antonopoulos added:
Cause the moment you use it on Bitcoin you announce to the world we have quantum cryptography that can break [the] elliptic curve — Guess what happens? Your nuclear rivals upgrade their cryptography very easily and try to implement quantum-resistant cryptographic algorithms.
Speaking with the FT, cryptography expert Bruce Schneier concluded that while the researchers’ paper may turn out to be unfounded, the race for a quantum computer to break encryption is heating up. “The betting is, as in all these cases, breaking RSA won’t work—but someday that bet will be wrong,” Schneier said.
What do you think about the reports about the Chinese researchers who have claimed success with breaking contemporary encryption techniques with a quantum computer? Let us know your thoughts about this subject in the comments section below.


According to reports circulating on the web, 24 Chinese researchers have reportedly succeeded in breaking RSA encryption using a quantum computer. This would be a significant achievement, as RSA encryption is widely used in current security practices. However, a number of experts, computer scient...

news.bitcoin.com

Chinese Researchers Claim Success in Breaking RSA Encryption With Quantum Computer, Experts Debate Veracity of Discovery

The chief strategy officer of US Dollar Coin (USDC) stablecoin issuer Circle is optimistic about the future of crypto assets.
Dante Disparte, who is also Circle’s global policy head, says that the adoption of crypto technology is unavoidable in the same way that the computer revolution forced enterprises to incorporate information and communication technologies into their operations.

According to Disparte, crypto continues to have a major role in the financial industry.
“Arguably, just as boards and executive teams reluctantly owned their cybersecurity and digital transformation mandates, the embrace of crypto technology is equally inevitable, even if the term feels like a bad word. For all its faults, this technology remains a protagonist in the global financial world.”
In light of the failures witnessed in the crypto landscape in 2022, Circle’s chief strategy officer says that breakthrough technologies need to be in the control of responsible stakeholders.
According to Disparte, the future will be shaped by the countries that create crypto regulations and policies that promote “responsible competition.”
“The more enduring approach with all breakthrough technologies is to net out their harmful effects by placing technologies (like all tools) in the hands of responsible actors and encouraging their responsible use.
Herein lies the regulatory and policy conundrum with the epic crypto failures in 2022. The countries that enable responsible competition will shape the future. Cryptography and blockchains will continue to be integral parts of the modern economic toolkit, despite the great harm these tools may have caused when wielded by the wrong people.”
Per Circle’s chief strategy officer, 2022 could be a watershed moment for crypto technology just as the early 2000s were for internet startups.
“Just as it took the dot-com bubble bursting in the early 2000s to hand over the future of the internet to more durable companies, business models and use cases, perhaps 2022 marks a handover of crypto technology and blockchain infrastructure to steadier hands.”
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The post Circle Chief Strategy Officer Says ‘Inevitable’ Crypto Remains Protagonist of Global Financial World appeared first on The Daily Hodl.


The chief strategy officer of US Dollar Coin (USDC) stablecoin issuer Circle is optimistic about the future of crypto assets. Dante Disparte, who is also Circle’s global policy head, says that the adoption of crypto technology is unavoidable in the same way that the computer revolution forced ent...

dailyhodl.com

Circle Chief Strategy Officer Says ‘Inevitable’ Crypto Remains Protagonist of Global Financial World

The concept of the “metaverse,” a virtual space where users can interact with each other and computer-generated environments in real time, has been around for decades. However, with the recent advancements in technology, the metaverse is now closer than ever to becoming a reality.One industry that stands to benefit greatly from the emergence of the metaverse is retail. The retail industry has always been focused on providing the best possible customer experience, and the metaverse offers a unique opportunity to take this to the next level.In the metaverse, retailers can create virtual stores that allow customers to browse and purchase products in a fully immersive environment. These virtual stores can be designed to look and feel like physical stores, complete with interactive displays and product demonstrations.But the benefits of the metaverse go beyond just the aesthetics of the virtual store. With the metaverse, retailers can gather real-time data on customer behavior and preferences, allowing them to tailor their sales and marketing strategies to better meet the needs of their target audience.One of the most exciting potential applications of the metaverse in retail is the ability to offer personalized shopping experiences. Imagine being able to walk into a virtual store and have the products displayed to you based on your past purchases and browsing history. Or, imagine being able to try on virtual clothes and accessories in a virtual fitting room, complete with a virtual mirror that shows you what you would look like in the real world.Get Metaverse Development services for retail industryThe metaverse also offers the opportunity for retailers to host virtual events, such as product launches or fashion shows. These events can be attended by anyone with an internet connection, allowing retailers to reach a global audience without the need for physical travel.Another potential use of the metaverse in retail is the ability to offer virtual customer service.Instead of calling a customer service hotline or sending an email, customers could simply enter a virtual support center and speak with a customer service representative in real time. This not only saves time for the customer but also allows for a more personalized and efficient customer service experience.Of course, the potential uses of the metaverse in retail are not limited to those mentioned above. As technology continues to develop, it is likely that we will see even more innovative ways in which retailers can use the metaverse to enhance the customer experience.However, it is important to note that the adoption of the metaverse in retail will not happen overnight. It will require significant investments in technology and infrastructure, as well as the development of industry standards and regulations.But the potential benefits of the metaverse for the retail industry are too great to ignore. As the technology becomes more widespread, it is likely that we will see more and more retailers embrace the metaverse as a way to provide their customers with a truly unparalleled shopping experience.Contact once: Metaverse development companyDrop Your Query At- QuytechPhone Number:- +1–2134932650E-mail:- info@quytech.comHow metaverse can help the retail industry increase their customer experience was originally published in AR/VR Journey: Augmented & Virtual Reality Magazine on Medium, where people are continuing the conversation by highlighting and responding to this story.

The concept of the “metaverse,” a virtual space where users can interact with each other and computer-generated environments in real time, has been around for decades. However, with the recent advancements in technology, the metaverse is now closer than ever to becoming a reality.One industry tha...

arvrjourney.com

How metaverse can help the retail industry increase their customer experience

With more than $1 billion in market cap, Internet Computer is part of the top 50 cryptocurrencies according to CoinGecko. Although the crypto market is certainly bullish on the token, the positive sentiment on the crypto has not reflected in the charts in the past days. 
According to CoinGecko, the token is down by 5% in the daily timescale. However, the bi-weekly timescale shows a 12% gain. 

Bullishness Up, But Why Is Internet Computer Down? 
DFinity, the company that launched Internet Computer, recently integrated Bitcoin to add smart contracts to the top cryptocurrency. 
According to the Santiment insight made by SanTrends, ICP is top 5 just behind Ethereum in development activity. InfinitySwap, the ICP blockchain’s automated market maker (AMM) and staking platform,  has also contributed to the rise in development activity as it also integrated Ethereum, ensuring low fees compared to the top altcoin. 

However, this strong bullishness in development was sideswiped by a strong drop in TVL, high-profile crashes in the crypto space, and economic headwinds produced the perfect storm for ICP to crash just a day before 2023 starts. 


Security For ICP Is Up, But Not For Investors
On-chain security of ICP has been boosted by its integration with BTC. With 2022 being very notorious with the amount of digital assets stolen, this security boost is highly appreciated by the community. 
However, on-chain security does not guarantee returns for Internet Computer investors and traders. Historically, ICP follows both Ethereum and Bitcoin in price movement. If ETH and BTC will suffer from internal or external factors in the crypto industry, it would reflect on the price of altcoins like Internet Computer. 

This year’s start for ETH and BTC has been shaky at best. With the BTC community celebrating Genesis Block day anxiously at $16,515 support, ICP has a long way to go in terms of bullish pricing. 
However, with analysts showing metrics that might be a precedent of a bull run, ICP might have a short-term upward momentum above $4.096 price resistance with support at $3.840. 



Bitcoin and Ethereum are trudging sideways as both the crypto market and traditional financial market await the Federal Open Market Committee (FOMC) Meeting Minutes which will provide possible signals of more interest rate hikes. 
Not to mention the current FUD surrounding the entire Genesis-DCG debacle and the deteriorating situation of Grayscale’s situation as both its Bitcoin Trust fund and its Ethereum Trust fund depreciate rapidly. 
Meanwhile, ICP investors and traders should hold off any major decision until the FOMC’s meeting concludes as this would indicate either a better or worsening economic situation.
-Featured image: Yahoo Finance


With more than $1 billion in market cap, Internet Computer is part of the top 50 cryptocurrencies according to CoinGecko. Although the crypto market is certainly bullish on the token, the positive sentiment on the crypto has not reflected in the charts in the past days.  According to CoinGecko, t...

newsbtc.com

Internet Computer (ICP) Sheds 5% In Last 24 Hours As Bulls Lose Aggressiveness

Authorities in Italy and Albania have hit a fraud scheme enticing victims with promises of low-risk investments in cryptocurrencies. During an operation coordinated by Eurojust, investigators from the two countries searched a dozen locations and seized assets and computer equipment.
Fraudsters Contacted Investors From a Call Center in Tirana, Albania
Law enforcement officers in Italy and Albania have taken down an online fraud scheme offering fake investment opportunities related to cryptocurrencies. The investigation was carried out with the support of Eurojust, the EU agency responsible for judicial cooperation in Europe.
Authorities participating in the joint operation have seized €3 million (almost $3.2 million) worth of assets from the crime group that organized the scam. The total losses resulting from its activities have been estimated at €15 million (over $15.9 million), Eurojust detailed in a press release.
The perpetrators operated a call center in the Albanian capital Tirana, from which they contacted victims by phone and over the internet, using virtual phone numbers and VPNs. They convinced customers to open accounts on a dedicated website and make transfers.
The scammers would gain their trust by allowing them to secure a quick profit against a small initial investment. After consulting seemingly reputable trading platforms, the victims were contacted by “brokers” who suggested “zero-risk” crypto investments.

The members of the fraud scheme also tried to access the online banking of the victims using remote control software. Those who eventually uncovered the deception were contacted by other representatives of the platform who asked them to make additional payments in order to recover the lost funds.
The operation was carried out between Dec. 13 and Dec. 15 and arrest warrants were issued against the main suspects, Eurojust revealed without providing details on any detentions. Police searched 13 addresses in Albania and confiscated over 160 electronic devices in both countries, including computers, servers, and video recorders.
Italy opened the criminal case with Eurojust in 2020 and the agency facilitated the cooperation between the national authorities involved in the investigation, including by setting up a coordination center for the operation to dismantle the scam network.
Under similar circumstances, Ukraine’s Cyberpolice exposed in November a crypto fraud scheme making €200 million a year from fake investments in crypto assets and securities. It had offices and call centers with thousands of employees across Europe. Several European countries, including Albania, supported the investigation against that organization.
What are your thoughts on the case of the crypto investment scam involving Italy and Albania? Let us know in the comments section below. 


Authorities in Italy and Albania have hit a fraud scheme enticing victims with promises of low-risk investments in cryptocurrencies. During an operation coordinated by Eurojust, investigators from the two countries searched a dozen locations and seized assets and computer equipment. Fraudsters Co...

Internet Computer price	$6.17
Low - High 24H	$6.01 - $6.28
Market cap	$1.76B
Volume 24H	$55.00M
All time high	$700.65 -99.12% May 10th 2021
All time low	$3.40 82.03% December 19th 2022
Genesis date	N/A

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