I'm considering moving this list over to Substack to modernize the production and offer additional discovery and interaction options. The format for readers will stay the same, except delivery would be from a @substack.com domain. If you have any strong feelings one way or the other about Substack, please feel free to share them directly with me and special thanks to the folks beta-testing Substack with me this week. This week on the Global Frequency...
ByBit hit with $1.5b crypto heist in one of the largest attacks ever. The fact that they will cover the losses with their own cash tells you everything you need to know about the amount of legitimate and illicit money flowing through the exchange. Early indicators this was DPRK. (Read More)
Citizens in the UK to be less secure as Apple withdraws advanced encryption protection over new UK requirement for a back door. (Read More)
The hottest job in the world is Gun for Hire. (Read More)
China warms on relationship and support for internal tech innovators. (Read More)
Increased activity from Ghost ransomware group prompts warning from USG. (Read More)
Reddit's battle to keep AI generated content off the platform. (Read More)
Microsoft claims quantum computing breakthrough. (Read More)
Quantum computing researchers really want to achieve teleportation (of data). (Read More)
Memecoin scandal rocks Argentina. (Read More)
Investigation into whether crypto entrepreneurs were deliberately de-banked. (Read More)
Japan looks to legalize active defense. (Read More)
How Israel is using AI in war. (Read More)
Russia exploiting Signal's Linked Device feature to spy on communications. (Read More)
How dirty money from fentanyl is flowing through China. (Read More)
Beware of Google Calendar malware. (Read More)
AI co-scientist solves mystery bug challenge in two days where traditional scientists took 10 years. (Read More)
Pro-Russia hackers take aim at Italy after contentious public remarks. (Read More)
Fact or Fiction:
"The Map and the Territory: Risk, Human Nature, and the Future of Forecasting" by Alan Greenspan is full of nuggets of knowledge on all sorts of complex financial and policy issues. The kind of knowledge that one can feed into an LLM, but can be a bit disjointed when consumed in book format. Written almost like a series of micro-blog posts and drawing from real-world circumstances and a vast and diverse experience base, Greenspan shares his observations and lessons learned on fiscal policy, investing, and broader corporate governance and risk issues. I'm glad I read this book and will likely reference it in the future, but can't say it was an enjoyable read or that it flowed in any meaningful way from topic to topic. (Amazon Link)
Quote of the Week:
"Risk exists only in the future." - Howard Marks
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