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Fully Homomorphic Encryption (FHE) with silicon photonics the future of secure computing – Information Age

As data breaches and cyberattacks become increasingly sophisticated, traditional encryption methods face unprecedented threats.

The rise of quantum computing also poses a significant risk to current encryption methods, which could be rendered obsolete by the computational power of quantum. Additionally, the exponential growth in machine learning and artificial intelligence heightens the need for secure computing, as these technologies rely heavily on vast and high quality datasets.

If compromised data is fed into AI models, the resulting outputs will also be compromised, therefore, ensuring the quality, integrity and accuracy of data, in addition to its volume, is critical. Fully Homomorphic Encryption (FHE) offers a way forward, poised to transform how we handle and share sensitive data.

Data is often referred to as the most valuable global asset. However, its true value is only realised when used to make informed decisions be it improving operational efficiency, developing products or understanding societal trends. Organisations are increasingly seeking ways to optimise this value through new technologies such as AI, ML and data collaboration. However, valuable data often remains siloed within organisations and the most valuable data is usually the most sensitive.

Data breaches by criminal organisations can also have devastating consequences, not only for the organisation, but for the individuals whose personal data has been stolen. This data must be kept confidential and shared only with trusted parties. However, the need for collaboration introduces tension between the benefits of data sharing and the risks to confidentiality.

Encryption is typically applied to sensitive data only when data is being moved or stored. To process data, it typically needs to be decrypted first, exposing it to risks. This presents a dilemma protecting data and limiting its use or utilising the data and increasing exposure to breaches.

FHE resolves this tension by enabling encrypted data to be computationally processed. Data can be shared without ever being exposed or vulnerable, making it useless to attackers even if intercepted. FHE is ushering in a new era of secure computing and supporting the new data economy by allowing multiple parties to work on the data without ever actually accessing it.

Despite its immense potential, FHE has faced significant adoption challenges, primarily due to its substantial computing power requirements and the inefficiencies of traditional electronic processing systems. FHE requires specialist hardware and considerable amounts of processing power, leading to high energy consumption and increased costs. However, FHE enabled by silicon photonics using light to transmit data offers a solution that could make FHE more scalable and efficient.

Current electronic hardware solutions systems are reaching their limits, struggling to handle the large volumes of data and meet the demands of FHE. However, silicon photonics can significantly enhance data processing speed and efficiency, reduce energy consumption and lead to large-scale implementation of FHE. This can unlock numerous possibilities for data privacy across various sectors, including healthcare, finance and government, in areas such as AI, data collaboration and blockchain. This could potentially lead to significant progress in medical research, fraud detection and enable large scale collaboration across industries and geographies.

The Covid-19 pandemic highlighted the real-world outcomes when organisations collaborate effectively for a shared goal. Vaccine development, typically a lengthy process, was accelerated through big pharma companies working together. For example, the partnership between BioNTech, Fosun Pharma, and Pfizer led to the rapid development of the widely distributed Pfizer-BioNTech vaccine. This involved sharing large amounts of unique and valuable information, including biomedical data and trial results often without formal agreements in the early stages. However, this also highlighted the risk of compromising sensitive information and the need for better tools to ensure data security and confidentiality.

Privacy Enhancing Technologies (PETs) have traditionally been complex and challenging to deploy. However, FHE stands out by its ability to maintain full cryptographic security, which ensures data remains protected against unauthorised access during processing. This allows data scientists and developers to run data analysis tools on sensitive information without ever seeing or compromising sensitive data. While implementing FHE presents challenges for users without cryptographic skills, modern FHE software tools are making it increasingly accessible without requiring deep cryptographic knowledge. Additionally, regulatory environments are evolving to support widespread FHE adoption. Guidance from bodies like the Information Commissioners Office (ICO) and regulatory sandboxes in regions like Singapore are supporting the development of FHE. Its applications are vast, spanning government-level data protection, cross-border financial crime prevention, defence intelligence exchange, healthcare collaboration, and AI integration.

In healthcare, for example, FHE can enable secure analysis of patient data, supporting advanced research while ensuring patient data remains confidential. Financial institutions can perform secure computations on encrypted data for risk assessments, fraud detection, and personalised financial services. Government and defence companies can also enhance national security with secure communication and data processing in untrusted environments. Additionally, FHE allows for the secure training of machine learning models on encrypted data, combining AIs power with data privacy.

FHE is set to transform the future of secure computing and data security. By enabling computations on encrypted data, FHE offers new levels of protection for sensitive information, addressing critical challenges in privacy, cloud security, regulatory compliance, and data sharing. While technical challenges remain, advancements in FHE technology are paving the way for its widespread adoption.

As we continue to generate and rely on large amounts of sensitive data to solve some of societys biggest challenges, FHE enabled by silicon photonics provides a secure and efficient solution that ensures data can be used and remain confidential. The future of secure computing is one where organisations can do more with their data, either through secure sharing or processing unlocking its full potential without compromising privacy.

Nick New is the CEO and founder of Optalysys.

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Hardware encryption to be developed for Europe’s Future Combat Air System by Indra, IDBOTIC – Military Embedded Systems

News

July 19, 2024

Technology Editor

Military Embedded Systems

ALCOBENDAS, Spain. Indra has signed an agreement with Spanish startup IDBOTIC to enhance the NGWS/FCAS program, Europe's largest defense initiative aimed at developing the Future Combat Air Systems (FCAS), the company announced in a statement.

IDBOTIC, founded in 2019, specializes in hardware encryption and authentication of Internet of Things (IoT) communications. The company will work with Indra to develop technologies that provide a non-clonable identity for sensors and systems in the NGWS/FCAS program, the company says.

The collaboration will focus on three projects: ensuring hardware security, distributing private keys quickly, and integrating encryption and decryption processes resistant to post-quantum attacks, which aim to secure the communications within the combat cloud of the NGWS/FCAS, the statement reads.

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Cloud Encryption Software Market size is set to grow by USD 25.39 billion from 2024-2028, increasing use of in-built cloud encryption solutions boost…

NEW YORK, July 22, 2024 /PRNewswire/ --The globalcloud encryption software marketsize is estimated to grow by USD 25.39 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over60.8% during the forecast period. Increasing use of in-built cloud encryption solutionsis driving market growth,with a trend towardsincreasing adoption of BYOD.The strongest encryption software is generally considered to be OpenVPN using AES-256 encryption, alongside other advanced options like VeraCrypt for full-disk encryption, and PGP (Pretty Good Privacy) for securing emails. These solutions offer robust security and are widely trusted in the industry.

Get a detailed analysis on regions, market segments, customer landscape, and companies-View the snapshot of this report

Cloud Encryption Software Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 60.8%

Market growth 2024-2028

USD 25394 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

43.04

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 36%

Key countries

US, China, UK, Germany, and Japan

Key companies profiled

Alphabet Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Dell Technologies Inc., F Secure Corp., Forcepoint LLC, Hewlett Packard Enterprise Co., Hitachi Ltd., Intel Corp., International Business Machines Corp., Intuit Inc., Lookout Inc., McAfee LLC, Microsoft Corp., Netskope Inc., Proofpoint Inc., Secomba GmbH, Sophos Ltd., Thales Group, and Trend Micro Inc.

However,high capital investment for deployment poses a challenge. Key market players include Alphabet Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Dell Technologies Inc., F Secure Corp., Forcepoint LLC, Hewlett Packard Enterprise Co., Hitachi Ltd., Intel Corp., International Business Machines Corp., Intuit Inc., Lookout Inc., McAfee LLC, Microsoft Corp., Netskope Inc., Proofpoint Inc., Secomba GmbH, Sophos Ltd., Thales Group, and Trend Micro Inc..

Market Driver

The Bring Your Own Device (BYOD) trend allows employees to use their personal devices at work to access corporate information. This policy brings benefits such as reduced IT department workload and increased productivity, leading to operational cost savings for organizations. However, it also introduces security challenges. With employees sharing confidential information through social media and personal email accounts, monitoring cloud-based applications and social media platforms becomes difficult. The risk of security breaches increases, making cloud encryption software a necessary solution. This market is anticipated to grow due to the rising demand for securing sensitive data in the BYOD era.

The Cloud Encryption Software Market is experiencing significant growth due to increasing data security concerns across various industry verticals. Sectors like Life Sciences, Government, Automotive, Food Manufacturing, Consumer Goods, Electronics, Education, and IT & Telecom are investing heavily in data security services to protect sensitive information. With the rise of mobile technology and advancements in smartphones and cloud computing, data security has become a top priority. Encryption software is essential for securing intellectual property, preventing commercial espionage, and mitigating risks from theft & losses. Deployment options include on-premise and cloud-based solutions for email, DVDs, cloud storage, and disk encryption. Big data analytics, internet penetration, and cloud services are driving the demand for advanced data protection against cyber threats, including ransomware attacks, insider threats, and unauthorized access. Large enterprises in sectors like Healthcare, Aerospace & Defense, and Retail are particularly vulnerable to these risks and are turning to encryption software for advanced data protection. Quantum-safe encryption and quantum computing are emerging trends to counteract the increasing threat from cybercriminals.

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MarketChallenges

For more insights on driver and challenges-Request asample report!

Segment Overview

This cloud encryption software market report extensively covers market segmentation by

1.1BFSI- The Cloud Encryption Software market is growing as more businesses adopt cloud solutions for data storage. Encryption software provides an essential layer of security by encoding data before it is transmitted or stored in the cloud. This helps protect against data breaches and unauthorized access. Major players in this market include IBM, Microsoft, and Amazon Web Services, who offer robust encryption solutions to meet various business needs. These companies invest in research and development to provide advanced features, such as key management and multi-factor authentication, ensuring data security in the cloud environment.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) - Download a Sample Report

Learn and explore more about Technavio's in-depth research reports

The global Talent Management Software Market is experiencing robust growth due to increasing demand for employee engagement and retention solutions. Similarly, the global Software-Defined Storage (SDS) Market is expanding rapidly, driven by the need for cost-effective and scalable storage solutions. The global User Provisioning Market is also on the rise, fueled by the growing emphasis on security and compliance in user access management. These markets are set to witness significant advancements as organizations continue to adopt innovative technologies to enhance operational efficiency and data management.

Research Analysis

The Cloud Encryption Software market is witnessing significant growth due to the increasing adoption of cloud services and the resulting data security concerns. Cyber threats such as unauthorized access, ransomware attacks, and commercial espionage pose a major risk to individuals and organizations, making data encryption essential. Cloud encryption software provides quantum-safe encryption, ensuring data remains secure even against quantum computing attacks. Stakeholder information, regulatory standards, and critical data require the highest level of protection. Digital transformation methods, including mobile technology advancements in smartphones and hardware and software, necessitate robust encryption solutions. Performance, availability, and security are key considerations, with encryption ensuring data remains accessible and secure. Data security concerns continue to escalate, with theft & losses and sensitive data at risk. Cloud encryption software offers a vital solution, mitigating risks and safeguarding valuable information.

Market Research Overview

Cloud encryption is a critical component of advanced data protection in the digital age, as cloud services become increasingly popular for individuals and organizations. With the rise of cyber threats such as unauthorized access, ransomware attacks, insider threats, and fraud risk, the need for robust encryption solutions has never been greater. Quantum-safe encryption, a method that protects data from quantum computing attacks, is gaining traction as a key defense against advanced cyberattacks. Industries like healthcare, aerospace & defense, IT & telecom, retail, and the telecommunications sector are particularly vulnerable to data loss and cyberattacks. Regulatory standards, such as HIPAA and GDPR, impose stringent requirements for data protection. Encryption software providers offer solutions for end-to-end encryption, secure data transfer, and compliance with data security standards. Performance, availability, and security are top priorities for large enterprises, which are investing heavily in IT spending to address data security concerns. Mobile technology advancements, including smartphones and cloud computing, have expanded the attack surface for hackers, making encryption essential for protecting sensitive data. Budget restrictions and the need for consulting services and global technology and business services have led to a growing market for cybersecurity products and services, including encryption software, endpoint protection, network protection, mainframe security, application security, and data security services. Industry verticals like life sciences, government, automotive, food manufacturing, consumer goods, electronics, and education are all investing in encryption software to protect intellectual property, sensitive data, and critical infrastructure from cyber threats. The Indian government and internet intermediaries are also implementing national cybersecurity frameworks to address the growing threat landscape. Qualified cybersecurity professionals are in high demand to help organizations deploy encryption software and navigate the complex regulatory landscape. Consulting services and global financing offerings are available to help organizations overcome budget restrictions and implement effective encryption strategies.

Table of Contents:

1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation

7Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email:[emailprotected] Website:www.technavio.com/

SOURCE Technavio

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Trump shooter had 3 encrypted overseas accounts – Finbold – Finance in Bold

The failed Trump assassination attempt has proven to be fertile ground for theories and conspiracies, with every new step in the investigation apparently raising more questions than answers.

The latest development came during the Republican National Convention (RNC) on July 18 when Representative Mike Waltz stated during an interview that Thomas Matthew Crooks the would-be assassin has two mobile phones and 3 encrypted overseas accounts.

At the time of publication, the significance and details of the claims remain unclear, as the congressman simply stated that the FBI was pissed, requesting more resources, and conducting the investigation. He added that more information would be available after the Monday briefing.

The matter became somewhat less clear due to a follow-up comment that the servers holding the bank data are overseas and that the FBI would need support from its local agents and allies.

Additionally, the significance of the accounts being encrypted similarly remains unclear given that, in the age of digital banking, all bank accounts should have some encryption as protection.

Some commenters on social media X have also speculated that the accounts in question may be related to cryptocurrency exchanges such as Binance and Kraken.

Again, this speculation aligns with the nature of crypto exchanges, where high-level encryption and security measures are fundamental to their operations.

Given the rise of digital assets and the importance of encryption in protecting these holdings, it is plausible that the reference to encrypted accounts points towards involvement with cryptocurrency platforms.

Either way, the news came out at a time of heightened national sensitivity as the Secret Service is facing criticism for failing to properly secure Trump during the Pennsylvania rally, and with allegations of foreign and even domestic involvement running rampant.

Some of the most frequently mentioned theories concern the possible involvement of Iranian authorities.

Not only do Iran and the U.S. view each other as foes, but the first Trump administration carried out the assassination of the Iranian special forces general Qasem Soleimani, who is viewed as a hero domestically.

Some have even alleged possible involvement of Ukrainian authorities, as Trump is known for his admiration of President Putin and opposition to the aid sent to Ukraine.

On the domestic front, not only did President Bidens comments about putting Trump in the bulls eye draw criticism, but a massive short position later claimed to be a clerical error placed against Trump Media (NASDAQ: DJT) shortly before the attack fueled the theorists fires.

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Trump gunman had Michigan school shooter’s photo, foreign encrypted apps, FBI tells Congress – Just The News

While Secret Service Director Kimberly Cheatle frustrated lawmakers Monday with sparse details about the assassination attempt on Donald Trump, the FBI has disclosed to Congress that the shooter used three encrypted communications apps ostensibly tied to Germany, Brussels and New Zealand and also possessed an arrest photo of an earlier Michigan school shooter, Just the News has confirmed.

In multiple briefings, FBI leaders told lawmakers that the 20-year-old would-be assassin Thomas Matthew Crooks primary cell phone has become an important focal point of the probe, including some 14,000 images that were found on it, according to multiple sources familiar with the briefings. The FBI has not issued an update on their findings to the public since July 14.

That phone included an arrest photo and other information related to Ethan Crumbley, who was convicted in the deadly 2021 shooting at Oxford High School in Michigan, as well as information about Crumbleys parents, the sources said, speaking only on condition of anonymity.

The phone also included stock images of firearms and guns, articles regarding U.S. government figures as well as a screenshot of online live coverage of July 13 rally saved at 6:01pm, about 10 minutes before Crooks began shooting from a rooftop near the Butler, Pa., venue where Trump was speaking.

One of the most tantalizing pieces of evidence from the phone, according to the sources, was three foreign encrypted platforms used by Crooks that were apparently based in Germany, New Zealand, and Belgium. The encryption on the apps poses a significant challenge, according to one source.

The FBIs closed-door briefings also provided a far more detailed timeline about the events leading up to the shooting than Cheatle offered the House Oversight Committee, including that the Secret Service first conducted a site survey at the Butler event venue on July 8 that included the AGR industrial building that Crooks eventually used as a shooters nest, the sources said,

That survey was five days before the event, and resulted in a security plan that relied on three concentric rings of security around the podium, according to the sources.

Crooks visited the Butler Farms venue twice before the shooting, once on July 7 and again at 10:30 a.m. the morning of the shooting. He returned to retrieve a gun and then bought some ammunition before returning to the venue, the sources said,

The FBI also told lawmakers that the Secret Service was first notified at 5:51 p.m. ET on July 13 by the Pennsylvania State Police about a suspicious person at the speaking venue, and that information was relayed just a minute later to the Secret Service counter sniper team and response agents on the ground.

That means the Service had at least 9 minutes warning before Trump began speaking and 20 minutes before Crooks began shooting, the sources told Just The News.

One minute before the first shots were fired, the Secret Service sniper was alerted that there was a local police incident at the 3 p.m. position to where Trump was speaking. One of Trumps detail agents began inquiring what was going on just before the first shot was fired, the sources said.

The FBI said evidence that its agents recovered from Crooks body or nearby after a counter-sniper killed him included the AR-15 rifle he used, a remote transmitter, a receipt from Home Depot, and his primary cell phone. The bureau told lawmakers that evidence seized from his vehicle in the parking lot at the Butler venue included:

Evidence seized from his residence included:

Agents said the most startling finding thus far has been the complete absence of evidence revealing any political or ideological motive for Crooks' shooting, the sources said, recounting what the FBI told Congress.

On his laptop, Crooks visited websites about building explosive devices and left a message in an online gaming platform with his profile picture that read: July 13 will be my premiere.

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Top AI Altcoins: Transform $1K Into $100K With These Picks – The Crypto Basic

The crypto market sits in a calm before the storm, waiting for the next bull run. Altcoins are currently in a sweet spot for entry, showing promising signs of growth yet to come. Some of the most intriguing prospects lie in the domain of AI altcoins. These coins have shown remarkable potential and could transform a modest $1,000 investment into a life-changing $100,000. This article will uncover the top AI altcoin picks that are poised for significant growth. Discover which digital assets could yield astonishing returns as the market gears up for its next explosive phase.

Fresh off raising $8 million in its presale, BlastUP, the top launchpad on Blast, introduces another opportunity to get $BLASTUP tokens at the presale price with the launch of Blastbox V2. This loot box is a treasure chest brimming with perks, including $BLASTUP tokens and Booster Points. Buying BLASTUP tokens ahead of TGE offers a chance to make a smart investment, as experts are predicting potential returns of up to 1000%.

Blastbox V2 offers more than just valuable assets; its a gateway to exclusive privileges on BlastUP. Owners enjoy benefits such as NFT and token airdrops, membership in the BlastUP Club, and priority access to IDOs.

Discover the Full Potential of Blastbox V2

Obtaining Blastbox V2 is your last chance to secure early access to BlastUP at the best price. This launchpad is rapidly emerging as a powerhouse in the Blast blockchain, already making waves with four successful IDOs.

If you are still searching for the next big crypto treasure, look no further. With only 9999 Blastboxes V2 available at launch and packed with unmatched utility, these rare loot boxes are poised to fly off the shelves.

Grab Your Blastbox V2 Now, Before Theyre All Gone!

Injectives (INJ) price, moving between $23.31 and $29.87, shows mixed signals. Bulls and bears are in a tight battle, but recent positive trends hint at a potential breakout. With an RSI at 37.09 and Stochastic at 22.69, the coin is currently oversold, suggesting a bounce-back opportunity. INJs one-week price change of nearly 10%, and a monthly increase of over 20% indicate growing momentum. If it breaks the nearest resistance at $32.29, INJ could surge to $38.84, representing a solid growth of around 30% from current levels.

Render (RNDR) is currently trading within a range, with its nearest resistance level within close reach. Despite recent dips, its relative strength index suggests it is neither overbought nor oversold. Over the past month, RNDR has shown signs of consolidation, giving bulls hope for a breakout. Looking back at patterns from 2021, RNDR has the potential to rise by double-digit percentages if it can break through its current resistance levels. If momentum builds, RNDR could see gains of around 20-30%, challenging even higher targets. The market may be volatile, but the potential for a bullish surge remains strong for RNDR.

NEAR Protocol (NEAR) shows resilience despite the recent market downturn. Trading within the $5.64 to $6.77 range, bulls appear to be watching the $7.20 resistance level closely. With a 13.72% price increase over the past month and a staggering 119.63% rise in six months, NEARs potential for growth remains strong. If bulls break the $7.20 resistance, the next target is $8.33, which would mark a potential gain of around 38% from current prices. The Relative Strength Index (RSI) suggests the coin is oversold, hinting that a bullish trend could be imminent.

INJ, RNDR, and NEAR show potential but may not perform strongly in the short term. In contrast, BLASTUP stands out. Its promising concept and integration within the Blast ecosystem make it a top contender. This could lead to significant gains, offering the highest potential for transformation of an initial investment. The strong fundamentals and ecosystem support make BLASTUP a leading choice in the current market.

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Stock market slump trickles into todays Bitcoin and altcoin correction – Cointelegraph

The S&P 500 index experienced a 2.6% decline over the past two days, testing the 5,523 level on July 18. This correction erased gains from the previous two weeks but saw decent buying activity in the last trading hours after chipmaker Taiwan Semiconductor Manufacturing Company (TSM) reported earnings above market consensus.

Investor morale was negatively affected, which partially explains why Bitcoin (BTC) and Ether (ETH) traded down on July 18. Understanding the reasons behind the US stock market decline is essential to determine whether cryptocurrencies should sustain a positive correlation.

Fear of rising inflation due to unsustainable government debt might present a short-term negative impact but it also opens an opportunity as investors seek alternative scarce assets. However, if investors feel that the economy is worsening, especially in the job market, traders are likely to seek protection in cash and short-term government bonds.

On July 18, the US Department of Labor reported that continuing jobless claims increased to a seasonally adjusted 1.867 million during the week ending July 6, the highest level since November 2021.

This metric focuses on the number of people receiving benefits after an initial week of aid, thus serving as a proxy for hiring. This data is especially negative for the real estate market, which in turn puts the financial sector at risk.

Federal Reserve chair Jerome Powell told the US Senate Banking Committee on July 9 that the commercial real estate sector poses major risks, especially for small banks with concentrated exposure, according to CRE Daily. Powell stressed the importance of banks honestly assessing and managing their risks, as the commercial sectors challenges are expected to persist for years due to hybrid work.

Additionally, minutes from the June FOMC meeting revealed that credit quality deteriorated further in April and May, especially in the office, hotel, and retail sectors, with rising overdue delinquency rates.

This scenario partially explains the weakness in the banking sector on July 18, with JP Morgan (JPM) trading down 3.2%, Wells Fargo (WFC) down 2.8%, and Bank of America (BAC) declining 2%.

Meanwhile, US-listed tech stocks were negatively impacted after Bloomberg reported that the US is analyzing rules to control the exports of American technology, a lynchpin to artificial intelligence.

Although focused on curbing Chinas edge in chipmaking processes, such a move would curb billions of dollars in sales for these companies. Shares of Advanced Micro Devices (AMD) traded down 3.1%, while ASML Holding (ASML) declined 2%.

Jim Covello, head of equity research at Goldman Sachs, issued a warning that the artificial intelligence (AI) investment frenzy may lead to an economic bubble, as reported by Bloomberg.

Covello notes that AI investments have yielded modest returns, with Microsoft, Google, and Amazon attributing only 7% of cloud service sales growth to AI. Yet, Covello doesnt see this happening soon, as ongoing investments keep driving stocks like Nvidia.

Related: Meta wont launch new AI products in EU, citing regulatory uncertainty

David Bahnsen, founder and chief investment officer at the Bahnsen Group, echoes this caution, avoiding large tech stocks, fearing a repeat of the dot-com bust, and anticipating significant investor losses if they dont divest in time.

Bloomberg cites a survey conducted by Lucidworks, which shows that less than half of the companies investing in AI have yet to see a significant return.

Such analysis justifies the 2.5% decline in Amazon's (AMZN) stock and 2.2% in Google (GOOGL) and Apple's (AAPL) stock, which in turn spread pessimistic sentiment to other markets, including cryptocurrencies.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Ripple v. SEC Settlement Rumors Gain Strength, as XRP & RCO Finance (RCOF) Lead Altcoin Sector Rebound – DailyCoin

Ripple, XRP, and the entire Altcoin Sector are at a critical stage as speculation about a possible settlement between Ripple and the SEC grows. This has driven the XRP price up, sparking a general altcoin surge.

The ongoing legal hurdle between Ripple and the SEC has created tension for XRP and the broader altcoin market. Recent rumors of a potential settlement caused XRP to rally nearly 40% in days.

This surge benefits Ripple and signals optimism for other altcoins, suggesting regulators might be less oppressive than thought. Currently, XRP trades at around $0.60 with a market cap of over $33 billion. Such rises often influence the secondary market by prompting fund rotation.

Positive sentiment around XRP could boost trading volumes and prices for other altcoins, creating a ripple effect throughout the sector.

The altcoin market has faced pressure, with most tokens needing help to hold value amid regulations and market fluctuations. However, recent events involving Ripple and XRP products might be a turning point.

Altcoins like RCO Finance (RCOF), can take advantage of this situation through enhancing innovation and investment opportunities.

Among the altcoins that stand to benefit from the positive momentum in the altcoin market is RCO Finance (RCOF). This altcoin is native to the RCO Finance platform, an innovative DeFi platform that prioritizes the space revolution using crypto AI.

The token is gaining traction for its unique utility, enabling the trade of real-world and traditional assets like stocks, bonds, and perpetual derivatives. Additionally, token holders enjoy priority customer support, airdrops, passive income, governance rights, and up to 40% trading discounts.

The platform has also attracted the crypto community because of several features.

RCO Finance is leading the way in trading with its innovative AI-powered Robo Advisor. This advanced tool analyzes the traders financial goals, risk tolerance, and the fluctuating market to create a custom investment strategy just for the trader.

The robo advisor is all about matching traders investments with their unique aspirations. Plus, the robo-advisor adjusts in real-time, ensuring the portfolio remains aligned with the traders goals, no matter how the market changes.

Cutting the middlemen and advisors, the AI robo advisor leads to the reduction of trading fees and simplifications of trades. It also empowers traders with full and direct control and authority over their funds, which they can invest in based on their knowledge of market trends.

Diversification is key to a strong portfolio, and RCO Finance has more than 150,000 assets to select from. Whether you think of financial instruments such as stocks and bonds or investing in real estate and other alternatives, the platform is tailored to your risk profile and investment objectives. This variety helps you build a balanced portfolio that can withstand market changes.

With RCO Finance, you have full control over your assets without middlemen. The platform reduces counterparty risk and saves you money on fees. Thanks to blockchain technology, transaction costs are minimized, allowing you to keep more of your earnings.

The RCO Finance platform puts security first by using Fireblocks for system integration. Additionally, the RCOF altcoin smart contract is audited by SolidProof, a renowned name in blockchain security, to ensure asset safety. With a no KYC policy, RCO Finance respects user privacy by not collecting any personal information.

The ongoing presale for RCO Finance (RCOF) has caught the attention of many investors, with over 55 million tokens already sold. Currently priced at $0.0127, this presale offers a unique opportunity as the project gains momentum in the market.

RCOF is closing in on the $1 million milestone, and discerning investors are noticing the potential for remarkable returns. Projections suggest that the token could rise to $0.4 $0.6 upon listing.

Beyond that, RCOF is set to stand out in the upcoming altcoin resurgence thanks to its innovative technology, strong market positioning, and a favorable market environment.

For more information about the RCO Finance (RCOF) presale: Visit RCO Finance Presale Join The RCO Finance Community

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Maximize Your Gains: Best Altcoin Strategies Amid The Crypto Bull Run – The Crypto Basic

The crypto market is calm right now, poised for an anticipated bull run. Enthusiasts and investors are watching closely as altcoins are still at attractive entry points. Amid this brewing storm, investors seek the best strategies to maximize their gains. This article reveals which altcoins are primed for a surge, offering insights into potential winners in the rapidly approaching bull market. Stay tuned to discover the promising coins that could lead to significant returns in the near future.

BlastUP, the premier launchpad on the Blast blockchain, has unveiled Blastbox V2, fresh on the heels of an $8 million presale success. This launch offers investors another chance to get $BLASTUP tokens at presale prices, loaded with a host of perks including $BLASTUP tokens and Booster Points. As experts forecast potential returns of up to 1000%, early acquisition of BLASTUP tokens could prove to be a savvy investment.

Blastbox V2 is a gateway to exclusive privileges within the BlastUP ecosystem. Owners are set to enjoy benefits like NFT and token airdrops, membership in the exclusive BlastUP Club, and priority access to Initial DEX Offerings (IDOs).

Unlock the Full Potential of Blastbox V2

Securing a Blastbox V2 is the final opportunity to access BlastUP at the most advantageous price. The platform has already made a significant impact within the Blast blockchain, achieving 4 successful IDOs.

For those on the hunt for the next big crypto opportunity, Blastbox V2 is the answer. With only 9999 units available at launch and packed with unparalleled utility, these limited-edition loot boxes are set to sell out swiftly.

Act Now: Secure Your Blastbox V2 Before Theyre Sold Out!

LayerZero (ZRO) has been showing strong resilience with a current price range of $4.14 to $5.87. Despite recent market turmoil, the coin has surged 73% over the past month and a stunning 426% over six months. Bulls are showing strength as they push towards the nearest resistance level at $6.53. If breached, ZRO could aim for the second resistance level at $8.27, a potential rise of nearly 50% from its current range. Given its positive price movement and impressive growth rate, LayerZero holds a promising outlook for the upcoming altcoin season.

Mantle (MNT) has been trading between $0.77 and $0.96, indicating a tug-of-war between the bulls and the bears. Despite a slight bearish dip, the coin has seen a one-week price bump of almost 19%. The nearest resistance level is at $1.03, and breaking this could push it to $1.22, a possible 40% rise. The current RSI at 39.11 suggests its not yet overbought, giving room for growth. With both short-term and long-term moving averages at $0.87, Mantle might be gearing up for a breakout, marking a potential altcoin season rally.

Pyth Networks price is currently hovering between $0.33 and $0.39. Despite recent dips, the signs are promising. Nearest resistance is at $0.41, while support sits at $0.29. The coins recent 14.54% weekly gain signals recovering strength. Both the 10 and 100-day simple moving averages are steady at $0.36, indicating a stable trend. The RSI at 44.06 and Stochastic at 12.83 suggest room for growth. If bulls gain momentum, PYTH could target $0.48, a rise of over 40% from its lower range. With positive patterns repeating from 2021, Pyth Network might see significant increases ahead.

Polkadot (DOT) has been holding steady in the $6.10-$6.66 range, showing a promising resilience despite recent market hiccups. The bulls are not out of this race yet. With the nearest resistance at $6.88, a breakthrough could spark a climb to the next resistance at $7.44. Over the past month, DOT has seen almost a 12% rise. The Relative Strength Index (RSI) at 45.71 and Stochastic at 20.37 may indicate some overselling, hinting at potential for growth. If DOT breaches $6.88, it could rise by around 10-12%, setting sights on stronger resistance levels. This mirrors patterns from 2021, suggesting that a rebound is not far off.

The potential for ZRO, MNT, PYTH, and DOT seems limited in the short term. Among the options, BLASTUP stands out with the highest potential. Its strong concept and integration within the Blast ecosystem make it a compelling choice.

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Maximize Your Gains: Best Altcoin Strategies Amid The Crypto Bull Run - The Crypto Basic

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Why Capturing A Piece Of This $450B Industry Could See This New Altcoin Outperform PEPE and SHIB This Cycle – Crypto News Flash

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Why Capturing A Piece Of This $450B Industry Could See This New Altcoin Outperform PEPE and SHIB This Cycle - Crypto News Flash

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