Changes are coming to one of the Cybersecurity Maturity Model Certifications key documents. Eric Crusius, partner at Holland & Knight LLP, says what changes he thinks could benefit industry and what could benefit the Department of Defense.

Federal government law enforcement agencies have clawed back more than 30 million dollars in crypto currency North Korean hackers stole earlier this year.

Brian Capra, director of strategic applications for Chainalysis, explains the threat landscape presented by cryptocurrency and how the federal government can defend against it. This interview is underwritten by Chainalysis.

The end of the fiscal year is about two weeks away now and the White House is prepping agencies to get ready for another continuing resolution.

Gerard Badorrek, former chief financial officer at the General Services Administration and founder of the Federal RPA Community of Practice, discusses how agencies can get ready for a CR and how CFOs can help other parts of the organization prepare.

The Daily Scoop Podcast is available every weekday afternoon. Listen more here.

If you want to hear more of the latest from Washington, subscribe to The Daily Scoop Podcast on Apple Podcasts, Google Podcasts, Spotify and Stitcher. And if you like what you hear, please let us know in the comments.

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Changes coming to CMMC; The cryptocurrency threat landscape; Getting ready for a CR - FedScoop

Over the past 24 hours, Ethereum Classic's ETC/USD price has fallen 12.88% to $33.56. This continues its negative trend over the past week where it has experienced a 13.0% loss, moving from $39.06 to its current price.

The chart below compares the price movement and volatility for Ethereum Classic over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has decreased 2.0% over the past week, while the overall circulating supply of the coin has decreased 0.29% to over 136.91 million. This puts its current circulating supply at an estimated 64.98% of its max supply, which is 210.70 million. The current market cap ranking for ETC is #19 at $4.64 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Cryptocurrency Ethereum Classic Decreases More Than 12% Within 24 hours - Ethereum Classic (ETC/USD) - Benzinga

The primary objective of decentralised finance (DeFi) has been to simplify the exchange and trading of digital assets. This occasionally can be too technical for the average user, and it doesn't offer anything else that makes it appealing. Crypto fans are currently looking for alternatives that can provide significant gains in the future due to the current bear market. A lot of support and a quick increase in value is anticipated for cryptocurrencies in the presale stage. Although new to the market, Big Eyes Coin has had one of the most successful presales in the crypto market.

Addresses owning Ethereum (ETH) will receive an equivalent amount of ETHW on the branched blockchain after the cryptocurrency is forked.

Although miners are preparing a Proof-of-Work fork, Ethereum is transitioning to Proof-of-Stake. After the Merge next week, a group of anonymous developers with the backing of numerous significant Ethereum miners is anticipated to hard fork the Ethereum blockchain, maintaining a portion of the network using the current Proof-of-Work (PoW) consensus mechanism while the main blockchain switches to Proof-of-Stake (PoS).

The ETHPoW fork, which has the same transaction history as the main Ethereum network, will produce its own blocks upon activating the Merge update.

The pre-Merge state of the Ethereum network will be used as the starting point for the PoW split, meaning all token balances and smart contracts will also be carried over. As a result, everyone who now has ETH on-chain will end up with an identical amount of ETHW on the ETHPoW chain. Only the PoW fork will have native ETHW, which will be a distinct asset from the original ETH on Ethereum.

The PoS chain is now almost universally supported by DeFi, NFT, and network infrastructure protocols, which puts the PoW fork in a vulnerable position. Decentralised exchanges on the fork will probably stop operating when it launches, and centralised stablecoins like USDC and USDT will lose all of their value. This might lead to widespread liquidations and disrupt numerous DeFi protocols.

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Big Eyes Coin (BIG) wants to enter what it sees as a "billion-dollar market" by developing a unique mascot. The project team is fully aware of how crucial tangible evidence is to guaranteeing the project achieves a favourable response rate. BIG has had a very successful presale raising $1 million in the first week.

Big Eyes Coin (BIG) is a community-driven currency that will redistribute wealth within the decentralised financial ecosystem. Big Eyes intends to donate 5% of its profits to a non-profit organisation to safeguard sea life and its ecosystems.

One of Big Eyes Coin's most important advantages is the end of taxes! As the platform acquires more popularity, the capability will unquestionably attract more market future investors. The taxation system will initiate various automated changes, including purchasing the liquidity pool, the auto burn, and the marketing wallet. Big Eyes Coin (BIG) wants to provide an environment where its user base is actively encouraged to participate in daily activities.

Goals for its marketing strategy include the creation of a green, organic community and major contributions to the DeFi environment.

If interested, you can instantly buy the BIG Token online with a debit or credit card. Users can also use the USDT or ETH tokens from Tether or Ethereum to pay for it.

A MetaMask wallet must be installed on your browser, or you must use one of the wallets that Wallet Connect supports to proceed. When the public presale closes, users can claim the BIG Tokens on the claims website.

Learn more about BIG down below:

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Twitter: https://twitter.com/BigEyesCoin

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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Meme Coin Big Eyes Ready To Follow The Second Biggest Cryptocurrency Ethereum | Mint - Mint

Mini

Let's look at how digital assets can help the world's unbanked population.

As of July 2022, the world's unbanked population stood at 1.4 billion people, according to data from the world bank. These individuals either have no access to the banking system or choose not to participate. This disparity in financial inclusion results in the rich getting richer and the poor getting poorer.

Those who have access to the services of a bank have access to loans, credit cards, mortgages and more, leaving the unbanked heavily disadvantaged. Fortunately, cryptocurrency offers this section of the population a viable alternative to traditional banking and brings them into the financial fold.

Let's look at how digital assets can help the world's unbanked population.

Less documentation:

The poorest around the world have no proper documentation. They are either missing a birth certificate, do not have an Aadhaar card, never received an education certificate or applied for a passport. Without these documents, getting a bank account is next to impossible.

On the other hand, cryptocurrencies need no documentation. All that's required is a smartphone, the internet and a small learning curve. There are also plenty of online videos to guide people and help them set up their wallets and start transacting.

Accessibility: The cities are filled with bank branches, but the remote areas are often neglected. This is not the fault of the banks; it's just capitalism at work. Fortunately, cryptocurrencies need no bank branches; they only require a smartphone and the internet. Moreover, with smartphones becoming cheaper and internet connectivity spreading in leaps and bounds, cryptocurrencies have the potential to reach every nook and corner of the world.

No minimum balance: What might sound like a stretch for city dwellers is, in fact, a big problem for the poor of the country. They cannot maintain a minimum balance. Today, most savings accounts require a minimum balance of Rs 1,000, which goes up to Rs 25,000 for some accounts.

Most of the unbanked population do not have that kind of money or cannot afford to keep it just lying in the account. Plus, fines are also threatened if the account balance dips below the minimum requirement. All this chases people away from traditional banking. Crypto needs no minimum balance, you don't even need to use the wallet regularly to keep it activated.

Takes out human bias: The banking system is run by people. This allows room for intolerance and prejudice. For instance, there is always a chance of someone from a certain race or caste being denied banking services. However, with algorithms running the show, crypto doesn't care about your colour, caste, religion or creed; you are a number among numbers and will be treated that way. Indiscriminately.

What can the unbanked do with cryptocurrencies?

As mentioned earlier, anyone can create a crypto wallet. After setting up the wallet, one can send and receive payments in crypto. This allows individuals to transact without a bank account. They can quickly receive remittances from their relatives abroad without any paperwork or formalities. They can also store the crypto in their wallet and watch it grow over time. This allows them to beat the devaluing effect of inflation. It is much better than keeping physical cash at home, and in some cases, it also trumps money tucked away in a fixed deposit.

Conclusion

Right now, the hype around cryptocurrency is tied to incredible returns and investors making tons of money. However, when the buzz fizzles down, cryptos will stand out because they are quick, affordable and all-inclusive means of transacting. They cut out banks and intermediaries from the financial sector and make it easier for people to store, send and receive value.

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How Can Cryptocurrency Help The Unbanked? - CNBCTV18

Amid the continuous noise about cryptocurrencies, its often hard to pick out what really matters. However this month, if all goes to plan, the energy-hungry digital sector will undergo its biggest shake-up in years.

Ethereum, the worlds second largest cryptocurrency, is on Tuesday expected to start a technology changeover which, once complete, should cause its carbon emissions to plummet by 99%.

The rapid growth in cryptocurrencies in recent years has been staggering. Unfortunately, so too has been their contribution to climate change, due to the enormous amount of electricity used by computers that manage the buying and selling of crypto coins.

Take, for example, the worlds biggest cryptocurrency, Bitcoin. At a time when the world is desperately trying to reduce energy consumption, Bitcoin uses more energy each year than medium-sized nations such as Argentina. If the Ethereum switch succeeds, Bitcoin and other cryptocurrencies will be under immense pressure to deal with this problem.

Cryptocurrencies are digital currency systems in which people make direct online payments to each other.

Unlike traditional currencies, cryptocurrencies are not managed from a single location such as a central bank. Instead, theyre managed by a blockchain: a decentralised global network of high-powered computers. These computers are known as miners.

The Reserve Bank of Australia provides this simple explanation of how it all works (edited for brevity):

Suppose Alice wants to transfer one unit of cryptocurrency to Bob. Alice starts the transaction by sending an electronic message with her instructions to the network, where all users can see the message.

The transaction sits with a group of other recent transactions waiting to be compiled into a block (or group) of the most recent transactions. The information from the block is turned into a cryptographic code and miners compete to solve the code to add the new block of transactions to the blockchain.

Once a miner successfully solves the code, other users of the network check the solution and reach an agreement that its valid. The new block of transactions is added to the end of the blockchain, and Alices transaction is confirmed.

This process, used by most cryptocurrencies, is termed proof-of-work mining. The central design feature is the use of calculations which require a lot of computer time and huge amounts of electricity to perform.

Bitcoin alone consumes around 150 terawatt-hours of electricity each year. Producing that energy emits some 65 million tonnes of carbon dioxide into the atmosphere annually about the same emissions as Greece.

Research suggests Bitcoin last year produced emissions responsible for around 19,000 future deaths.

The proof-of-work approach intentionally wastes energy. The data in a blockchain has no inherent meaning. Its sole purpose is to record difficult, but pointless, calculations which provide a basis for allocating new crypto coins.

Cryptocurrency advocates have given a variety of excuses for the monstrous energy consumption, but none stand up to scrutiny.

Some, for example, seek to justify cryptocurrencys carbon footprint by saying some miners use renewable energy. That may be true, but in doing so they can displace other potential energy users some of whom will have to use coal- or gas-fired power.

But now, the most successful of Bitcoins rivals, Ethereum, is changing tack. This month it promises to switch its computing technology to something far less polluting.

Read more: Ethereum: the transformation that could see it overtake bitcoin

Ethereums project involves ditching the proof of work model for a new one called proof of stake.

Under this model, crypto transactions are validated by users, who stake substantial quantities of blockchain tokens (in this case, Ethereum coins) as collateral. If the users act dishonestly, they lose their stake.

Importantly, it will mean the vast network of supercomputers currently used to check transactions will no longer be required, because users themselves are doing the checking a relatively easy task. Doing away with the computer miners will lead to an estimated 99% drop in Ethereums electricity use.

Some smaller cryptocurrencies such as the Ada coin traded on the Cardano platform use proof of stake but its been confined to the margins to date.

For the past year, Ethereum has been running the new model on experimental blockchains. But this month, the model will be merged into the main platform.

So what does all this mean? The Ethereum experiment could fail if, say, some stakeholders find ways to manipulate the system. But if the switch does succeed, Bitcoin and other cryptocurrencies will be under pressure to abandon the proof-of-work model, or else shut down.

This pressure has already begun. Tesla founder Elon Musks last year announced his company would no longer accept Bitcoin payment for its electric cars, due to the currencys carbon footprint.

The New York state legislature in June passed a bill to ban some Bitcoin operations that use carbon-based power. (However, the decision requires sign off from New Yorks governor and may be vetoed).

And in March this year, the European parliament voted on a proposal to ban the proof-of-work model. The proposal was defeated. But as Europe heads into the cooler months, and grapples with an energy crisis triggered by sanctions on Russian gas supplies, energy-guzzling cryptocurrencies will remain in the firing line.

One thing is clear: as the need to slash global emissions becomes ever more pressing, cryptocurrencies will run out of excuses for their egregious energy use.

Read more: Tesla's Bitcoin about-face is a warning for cryptocurrencies that ignore climate change

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The most important cryptocurrency event in years is about to begin and the biggest windfall goes to the planet - The Conversation