This top tech investor says ‘the big crash’ in cryptocurrencies in inevitable and cautions those going ‘all-in’
Cryptocurrencies like bitcoin and ether have unleashed an investor frenzy – and a chorus of warnings that a speculative bubble is about to burst.
The latest warning comes from Fred Wilson, a venture capitalist and co-founder of Union Square Ventures.
His advice: diversify your bitcoin assets before it’s too late.
In a surprise move, The Pirate Bay decided to add a cryptocurrency miner to its website last weekend. The notorious torrent site wanted to see whether this could replace the ads on the site. A controversial idea, but how much money can a site like The Pirate Bay make through mining?
In recent years many pirate sites have struggled to make a decent income.
The week kicked off with news that CCleaner, a popular security software tool, had itself been compromised, distributing a backdoor to hundreds of thousands of users and highlighting software's serious supply-chain security issue. Just a few days later, it turned out that the CCleaner was designed instead to target nearly two dozen specific tech firms. That's... not good.
The breach of the credit monitoring firm Equifax, which exposed extensive personal data for 143 million people, is the worst corporate data breach to date. But, incredibly, the mistakes and the superlatives don’t end there. Three weeks since the company first publicly disclosed the situation, a steady stream of gaffes and revelations paint a picture of Equifax's deeply lacking response to catastrophe.
Many technology companies consider Section 230 of the Communications Decency Act to be a foundation of the Internet economy. The 1996 law gives website owners broad immunity for content submitted by users. Advocates say that allows websites to host a wide variety of user-generated content without worrying about getting sued.