Tag: Insider

Dark web dealer made to forfeit millions in cryptocurrency gets 70 months in the slammer

A drug dealer ordered to forfeit millions of dollars in cryptocurrencies such as Bitcoin, Ethereum, and Monero, has been sentenced to 70 months in prison for distributing drugs including carfentanil and fentanyl. Sky Justin Gornik previously pled guilty to the charge and also admitted that he tried to launder drug proceeds using cryptocurrencies, which he […]

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Xiaomi, Oppo, and Vivo team up to create an AirDrop competitor

Three of China’s biggest phone makers – Xiaomi, Oppo, and Vivo – are teaming up to create a file-sharing system like Apple‘s AirDrop. Xiaomi announced this “inter-transfer alliance” through a post on WeChat. The new technology will use a combination of Bluetooth and Wi-Fi to transfer files between phones using Xiaomi MIUI, Oppo‘s ColorOS, and Vivo‘s FunTouchOS […]

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Lobbying group takes out full-page ads to prove Beyond Meat’s veggie burger is unhealthy — but it’s not

Beyond Meat has taken the world by storm. Its signature “bleeding” burger manages to resemble that of real meat and has become a menu item at a number of restaurants, from TGI Friday to Carl’s Jr. — its competitor, Impossible Burger, just rolled out nationwide at Burger King. Perhaps feeling the pressure, a group called […]

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Russia wants to boost transparency with blockchain – are you kidding me?

Russia, ruled by Vladimir Putin‘s arguably authoritarian regime, wants to leverage blockchain technology to host Moscow‘s administrative services and boost transparency. Essentially, the government is looking for a contractor to build an Ethereum-based system to host the issuance of property ownership documents, the allocation of slots at farmer markets, and wait for it: a voting platform […]

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Mired in debt, WeWork files for IPO

As many have long expected, WeWork, the preferred provider of office space for freelancers and startups alike, has filed to go public. Its prospectus, which highlights the strengths and weaknesses of the business, including the current state of its financials, is currently live on the SEC website. At its latest valuation, WeWork was worth an […]

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Amazon’s facial recognition mistakenly labels 26 California lawmakers as criminals

As government agencies continue to push for the deployment of facial recognition systems, you needn’t look far to see why that’s bad news. To illustrate the point, the ACLU conducted a test of Amazon’s Rekognition software — facial recognition tech currently being used by US law enforcement — in which it incorrectly identified 26 California […]

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Cryptocurrency scammers have netted $4.26B so far this year, report

Cryptocurrency scammers continued to swindle funds throughout Q2 2019, netting approximately $4.26 billion so far this year. According to CipherTrace latest report, insider thefts were by far the largest offenders, netting massive loses on investors and cryptocurrency exchange users. If things carry on the way they are, 2019 could go down in cryptocurrency history as […]

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