Hackaday Links: October 4, 2020

In case you hadn’t noticed, it was a bad week for system admins. Pennsylvania-based United Health Services, a company that owns and operates hospitals across the US and UK, was hit by a ransomware attack early in the week. The attack, which appears to be the Ryuk ransomware, shut down …read more

Continue reading Hackaday Links: October 4, 2020

Hedgefund Startup Powered By Crowdsourced Code

In the financial sector, everyone is looking for a new way to get ahead. Since the invention of the personal computer, and perhaps even before, large financial institutions have been using software to guide all manner of investment decisions. The turn of the century saw the rise of High Frequency Trading, or HFT, in which highly optimized bots make millions of split-second  transactions a day.

Recently, [Wired] reported on Numerai — a hedge fund founded on big data and crowdsourcing principles. The basic premise is thus — Numerai takes its transaction data, encrypts it in a manner that hides its …read more

Continue reading Hedgefund Startup Powered By Crowdsourced Code