Chinese researchers have successfully cracked RSA encryption using a quantum computer, marking a significant threat to current cryptographic systems, including those used for secure web browsing, financial transactions, and encrypted messaging apps. This development accelerates the timeline for quantum computers to break widely used encryption methods, potentially compromising the security of sensitive data and impacting…
The recent TD Bank money laundering case highlights the stark hypocrisy and double standards in the financial system’s enforcement of anti-money laundering (AML) and know-your-customer (KYC) policies. Despite facilitating over $670 million in laundered funds and failing to monitor $18.3 trillion in customer transactions, TD Bank and its executives face minimal consequences, paying a symbolic…
The European Union’s stringent regulatory approach under the MiCA framework is stifling the development of digital assets, as seen in the delisting of Monero and Tether by Kraken and Coinbase. These measures, aimed at controlling privacy coins and stablecoins, undermine the foundational principles of cryptocurrency, which were built on decentralization, privacy, and financial freedom. By…
The recent breach of U.S. telecommunications networks by Chinese hackers highlights the dangers of government-mandated backdoors in digital systems. Despite being intended for lawful surveillance, these backdoors were exploited by bad actors, exposing sensitive communications and undermining national security. This incident underscores the flawed notion that backdoors can be secure, as any such vulnerability inevitably…
