Alice&Bob, a quantum computing startup, raises $30M to launch its first fault tolerant ‘cat qubit’ computers in 2023 – TechCrunch

Quantum computing has been something of a holy grail in the world of technology: in theory, it promises an unprecedented amount of processing power that could be used to solve the most complicated problems; in practice, most attempts at building the physical manifestation of the concept produce too many errors as a byproduct to make…

Chinese APT41 Hackers Broke into at Least 6 U.S. State Governments: Mandiant

APT41, the state-sponsored threat actor affiliated with China, breached at least six U.S. state government networks between May 2021 and February 2022 by retooling its attack vectors to take advantage of vulnerable internet-facing web applications. The exploited vulnerabilities included “a zero-day vulnerability in the USAHERDS application (CVE-2021-44207) as well as the now infamous zero-day in…

Notes, SAFEs, And The Case For Caps

The count is in—we know that last year, early stage funding in global startups reached $201 billion. That’s an incredible $100 billion more than the previous year, and almost $30 billion of it went to seed-stage startups. mohamed_hassan / Pixabay – Valuewalk Q4 2021 hedge fund letters, conferences and more While the comparison is slightly…

Hackers Abuse Mitel Devices to Amplify DDoS Attacks by 4 Billion Times

Threat actors have been observed abusing a high-impact reflection/amplification method to stage sustained distributed denial-of-service (DDoS) attacks for up to 14 hours with a record-breaking amplification ratio of 4,294,967,296 to 1. The attack vector – dubbed TP240PhoneHome (CVE-2022-26143) – has been weaponized to launch significant DDoS attacks targeting broadband access ISPs, financial institutions, logistics companies,…

Bitcoin Skyrockets After Biden Sign Executive Order to Regulate Crypto

One of the biggest criticisms of cryptocurrency at large (particularly the ever-popular Bitcoin) is that there’s no market regulation, which creates an extremely volatile market. Ting Shen/Bloomberg via Getty ImagesTing Shen/Bloomberg via Getty Images But Wednesday, U.S. President Joe Biden signed an executive order that calls for federal agencies to begin exploring regulatory practices for…