Archive for the ‘Economics’ Category

‘Grinch bots’ are stealing Christmas

“Bots come in and buy up all the toys and then charge ludicrous prices​ a​midst the holiday shopping bustle​,” the New York Democrat said on Sunday. “​Cyber bots ​— ​we call them ‘Grinch bots’ — ​are expanding their reach and​ ​unfairly scooping up the hottest toys your parents can’t even click buy.​”​​For example, Schumer said, […]

An Ethereum Startup (Confido) Just Vanished After People Invested $374K

Confido is a startup that pitched itself as a blockchain-based app for making payments and tracking shipments. It sold digital tokens to investors over the Ethereum blockchain in an ICO that ran from November 6 to 8. During the token sale, Confido sold people bespoke digital tokens that represent their investment in exchange for ether, […]

Ex-agent in Silk Road probe gets more prison time for bitcoin theft

Shaun Bridges, 35, was sentenced by U.S. District Court Judge Richard Seeborg in San Francisco after pleading guilty in August to money laundering in the second criminal case to be brought against the former agent, prosecutors said.Bridges, who served in the Secret Service’s Baltimore field office, was sentenced in 2015 to 71 months in prison […]

~$300m of Etherium accidentally lost forever by Parity due to bug

More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds, according to reports.Unlike most cryptocurrency hacks, however, the money wasn’t deliberately taken: it was effectively destroyed by accident. […] On Tuesday […]

Bitcoin Pioneer Says New Coin to Work on Many Blockchains

The mobility means that if one blockchain dies out as the result of infighting among developers or slackened use, metronome owners can move their holdings elsewhere. That should help the coins retain value, and ensure their longevity, Garzik, co-founder of startup Bloq that created metronome, said in a phone interview. It will be unveiled Tuesday […]

AMD sales soar, actually makes a profit, beats expectations, share price… decimated

Personal TechAMD sales soar, actually makes a profit, beats expectations, share price… decimatedIntel’s antitrust shield even loses when it winsBy Shaun Nichols in San Francisco 25 Oct 2017 at 00:0816 Reg comments SHARE ▼guitar player on shuttertsock photo of (sisyphus) man rolling a rock up a hill. photo by SHutterstock/PHOTOCREO Michal BednarekAMD revenues were up, […]

This Company Added the Word ‘Blockchain’ to Its Name and Saw Its Shares Surge 394%

n-line Plc jumped as much as 394 percent on Friday after announcing plans to change its name to On-line Blockchain Plc, following an initial climb of 19 percent on Thursday when it first announced the news. It’s the biggest one-day gain for the small-cap company since its December 1996 listing. The trading volume that reached […]

Amazon was tricked by a fake law firm into removing a hot product, costing this seller $200,000

Shortly before Amazon Prime Day in July, the owner of the Brushes4Less store on Amazon’s marketplace received a suspension notice for his best-selling product, a toothbrush head replacement. The email that landed in his inbox said the product was being delisted from the site because of an intellectual property violation. In order to resolve the […]

Make money with open source

Further on my preachings on making money from open source (see video), it turns out that there is a Fair Source license already available on Github Not open source. Not closed source. The Fair Source License allows everyone to see the source code and makes the software free to use for a limited number of […]

re:Work / Google best business practices

re:Work is organized around some of the biggest ways you can make an impact in your workplace. Each subject contains guides, with tools and insights, for addressing specific challenges. Source: re:Work They look at Hiring, managers, people analytics and unbiasing. A treasure trove of business data.

Bitcoin-accepting sites leave cookie trail that crumbles anonymity

Of the 130 sites the researchers checked: In total, 107 sites leaked some kind of transaction information; 31 allowed third-party scripts to access users’ Bitcoin addresses; 104 shared the non-BTC denominated price of a transaction; and 30 shared the transaction price in Bitcoin. It doesn’t help that even for someone running tracking protection, a substantial […]

US Secret Service agent Bridges broadcast Bitstamp Bitcoins to BTC-E besides Silk Road heist

Shaun Bridges, who is already serving a six-year sentence for nicking Bitcoins from the underground souk, pleaded guilty on Tuesday to stealing a further 1,600 Bitcoin (worth $359,005 at the time and approximately $6.6m today) during a separate investigation. According to court documents [PDF] Bridges, 35, was probing European Bitcoin trading firm Bitstamp, which led […]

Anthem to shell out $115m in largest-ever data theft settlement: 1/3rd goes to lawyers, 10% to Experian, much to taxes, leaves around 10% for victims. Shows you what use the Law is for justice.

If you were one of those hit by the intrusion, don’t expect a big payout. Plenty of others will be getting their cuts first. According to the terms of the settlement, a full third of the package ($37,950,000) has been earmarked to cover attorney fees. An additional $17m will be paid out to Experian, who […]

Inventory insurers in NL sneakily exclude smartphones

It turns out they won’t cover the cost of your smartphone breakages, because they are the most popular claims. And if they do cover your tablet, there are surcharges and other difficulties. Allrisk inboedelverzekeraars hebben zich gewapend tegen kwetsbare smartphones, zo blijkt uit onderzoek van financieel communicatiebureau SevenEight onder 23 grote allrisk inboedelverzekeraars. Source: Inboedelverzekeraar […]

Stock Stream – Worlds First Multiplayer Stock Market Game Using Real Money

Anyone can vote in the Stock Stream Twitch Channel on which stocks should be bought or sold. Trades are executed automatically using Robinhood. How much money is available? The account is funded with $50,000 though unfortunately, due to FINRA/SEC regulations, trading will halt if the account value falls below $25,000. Source: Stock Stream – Worlds […]

‘Do not tell Elon’: Ex-SpaceX man claims firm cut corners on NASA part tests

A fired SpaceX worker has accused the company of leaning on its employees to forge test records for parts destined for NASA. Jason Blasdell told his wrongful firing court hearing in California that although he complained to the HR department about being pressured into creating false test passes, the company ignored him – and he […]

Code.gov – US government open source repo

Code.gov is a platform designed to improve access to the federal government’s custom-developed software. Source: Code.gov The US Government is committing to open source in a big way. This is where to find it.

Wells Fargo fake accounts scandal appears far bigger than previously thought, attorneys say, may have opened 3.5 million accounts without customer consent

AN FRANCISCO — Wells Fargo may have opened as many as 3.5 million bogus bank accounts without its customers’ permission, attorneys for customers suing the bank have alleged in a court filing, suggesting the bank may have created far more fake accounts than previously indicated. The plaintiffs’ new estimate of bogus bank accounts is about […]

Congressmen taking huge wads of $$$ to vote for tracking US web history named and shamed on billboards

When Congress voted in March to block FCC privacy rules and let internet service providers sell users’ personal data, it was a coup for the telecom industry. Now, the nonprofit, pro-privacy group Fight for the Future is publicizing just how much the industry paid in an attempt to sway those votes. The group unveiled four […]

Harry Shearer: Why My ‘Spinal Tap’ Lawsuit Affects All Creators

Last fall, Shearer filed a $125 million lawsuit against Vivendi – the company that owns This Is Spinal Tap – for financial misappropriation and launched a website called Fairness Rocks explaining his lawsuit. He alleged that the company says the four creators between them have only earned $81 in merchandizing income and $98 for their […]

Kerala saves Rs 300 crore ($45m) as schools switch to open software

The Kerala government has made a saving of Rs 300 crore through introduction and adoption of Free & Open Source Software (FOSS) in the school education sector, said a state government official on Sunday. IT became a compulsory subject in Kerala schools from 2003, but it was in 2005 only that FOSS was introduced in […]

600 Goldman traders replaced by 200 computer engineers

Average compensation for staff in sales, trading, and research at the 12 largest global investment banks, of which Goldman is one, is $500,000 in salary and bonus, according to Coalition. Seventy-five percent of Wall Street compensation goes to these highly paid “front end” employees, says Amrit Shahani, head of research at Coalition. For the highly […]

71% NL population likes cash

Even though cash payments have decreased to 49% of our daily payments, people in the eurozone still think cash is important and shouldn’t be banned. DNBulletin: Contant betalen moet mogelijk blijven Source: DNBulletin: Contant betalen moet mogelijk blijven There has been a movement to try to shame cash payments, into creating a shady overtone to […]

Vendor comparison site: OutsmartBrands shows you cheap alternatives for the best

This site has a good list of items they link to on Amazon which are cheaper than the best item you could have gotten. It also compares the items on a few points they think are important, so you know why you are saving all the money. You don’t always need the best of the […]

Religion in US ‘worth more than Google and Apple combined’

Religion in the United States is worth $1.2tn a year, making it equivalent to the 15th largest national economy in the world, according to a study. The faith economy has a higher value than the combined revenues of the top 10 technology companies in the US, including Apple, Amazon and Google, says the analysis from […]

 
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