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German data watchdog probing Worldcoin crypto project, official says
German data watchdog probing Worldcoin crypto project, official says
By Elizabeth Howcroft LONDON A German data watchdog has been investigating OpenAI CEO Sam Altman's Worldcoin project since
2023-07-31 20:46
Crypto investment fraud warning issued by major bank
Crypto investment fraud warning issued by major bank
A major bank has issued a warning about crypto investment scams, with victims standing to lose more than £10,000 on average and young adults often being particularly at risk. Lloyds Bank has recorded a 23% rise in reports of cryptocurrency investment scams by customers in its banking group (including Lloyds Bank, Halifax and Bank of Scotland) between January and September 2023, compared with the equivalent period last year. Victims are losing £10,741 on average, up from £7,010 last year, the bank said, with many of the scams it analysed originating on social media. The most common age range for crypto scam victims is 25 to 34 years old, Lloyds said. Would-be crypto investors typically make an average of three payments before they realise they have been scammed, taking around 100 days from the date of the first transaction before they report it to their bank, Lloyds added. Crypto is a highly risky asset class and remains largely unregulated, which makes it an attractive area for fraudsters to exploit Liz Ziegler, Lloyds Bank Fraudsters often pose as investment managers, promising that any payments made by the victim will be invested on their behalf, often with the promise of huge returns. Sometimes the victim will be shown a fake investment account, suggesting that the funds are already making a profit, or a small amount of money will be transferred back into their bank account. But often there is no genuine crypto holding and the fraudster will disappear. In some cases, there will be an actual investment account held in the victim’s own name and registered with a legitimate platform. But once funds have been deposited, victims may be tricked into handing over their account login details, or passing control of their digital wallet over to the fraudster. They might also be directed to transfer cryptocurrency from within their own account to another digital wallet, which is under the control of criminals. Liz Ziegler, fraud prevention director at Lloyds Bank, said: “Crypto is a highly risky asset class and remains largely unregulated, which makes it an attractive area for fraudsters to exploit. If something goes wrong, you’re unlikely to get your money back.” Here are Lloyds’ tips for protecting yourself from crypto fraudsters: – Criminals often put adverts for scam crypto investments on social media. They can also send offers by direct message. They will promise returns that you cannot get elsewhere or make claims about “guaranteed” profits. If you are contacted out of the blue about an investment, it is likely a scam. – Fraudsters can easily set up fake companies, social media profiles and websites to clone real firms. Use the Financial Conduct Authority (FCA) website to find genuine contact details for a company and check for warnings about fake firms. Always do your own research or seek professional financial advice. – Never share the log in details for your investment account or your private cryptocurrency keys with anyone else. A legitimate firm would never ask you for this. Remember, if you transfer funds to another account that is not in your name, you have lost control of your money. – Fraudsters may ask you to pay an account in a different name to the company you are meant to invest with. If the names do not match, it is a sign of a scam. Paying by card (rather than a bank transfer) may offer you more protection if something goes wrong. Read More Council investigating extent of cyber attack that affected website and systems Setback for Ireland as EU legal adviser recommends revisit of Apple tax case Smartphones ‘may be able to detect how drunk a person is with 98% accuracy’ Ireland and Apple await major development in long-running EU tax dispute Guidance urges parents not to buy smartphones for primary school children William ‘blown away’ by futuristic technology from Singapore start-ups
2023-11-10 08:28
The Best Rugged Laptops for 2023
The Best Rugged Laptops for 2023
Who's tougher, Dwayne Johnson or Jason Statham? The answer (obviously, Chuck Norris) is about as
2023-06-30 06:24
Asahi Kasei to Present Diversified Material Solutions for EV Batteries and Circular Economy at Fakuma 2023
Asahi Kasei to Present Diversified Material Solutions for EV Batteries and Circular Economy at Fakuma 2023
DÜSSELDORF, Germany--(BUSINESS WIRE)--Sep 6, 2023--
2023-09-06 23:48
New College of Florida graduates hold alternative commencement ceremony in protest against Gov. DeSantis' conservative takeover of the college
New College of Florida graduates hold alternative commencement ceremony in protest against Gov. DeSantis' conservative takeover of the college
Graduates at the New College of Florida held an alternative commencement ceremony Thursday evening in protest of Gov. Ron DeSantis' conservative takeover of the college earlier this year.
2023-05-19 11:57
The Apple 2020 MacBook Air is on sale for under £800 this Prime Day
The Apple 2020 MacBook Air is on sale for under £800 this Prime Day
TL;DR: The Apple 2020 MacBook Air is on sale for £779 this Prime Day. This
2023-07-11 12:22
Google hit with $15 million verdict in US trial over audio patents
Google hit with $15 million verdict in US trial over audio patents
By Blake Brittain Alphabet's Google must pay patent holding company Personal Audio LLC $15.1 million for infringing two
2023-06-22 00:17
Nvidia's dominance in AI chips deters funding for startups
Nvidia's dominance in AI chips deters funding for startups
By Max A. Cherney Nvidia's supremacy in building computer chips for artificial intelligence has chilled venture funding for
2023-09-11 18:23
A scientists found the oldest water on the planet and drank it
A scientists found the oldest water on the planet and drank it
If you found water that was more than two billion years old, would your first instinct be to drink it? One scientist did exactly that after finding the oldest water ever discovered on the planet. A team from the University of Toronto, led by Professor Barbara Sherwood Lollar, came across an incredible find while studying a Canadian mine in 2016. Tests showed that the water source they unearthed was between 1.5 billion and 2.64 billion years old. Given that it was completely isolated, it marked the oldest ever found on Earth. Sign up to our free Indy100 weekly newsletter Remarkably, the tests also uncovered that there was once life present in the water. Speaking to BBC News, professor Sherwood Lollar said: “When people think about this water they assume it must be some tiny amount of water trapped within the rock. “But in fact it’s very much bubbling right up out at you. These things are flowing at rates of litres per minute – the volume of the water is much larger than anyone anticipated.” Discussing the presence of life in the water, Sherwood Lollar added: “By looking at the sulphate in the water, we were able to see a fingerprint that’s indicative of the presence of life. And we were able to indicate that the signal we are seeing in the fluids has to have been produced by microbiology - and most importantly has to have been produced over a very long time scale. “The microbes that produced this signature couldn’t have done it overnight. This has to be an indication that organisms have been present in these fluids on a geological timescale.” The professor also revealed that she tried the water for herself – but how did it taste? “If you’re a geologist who works with rocks, you’ve probably licked a lot of rocks,” Sherwood Lollar told CNN. She revealed that the water was "very salty and bitter" and "much saltier than seawater." Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-06-19 22:55
'Where is the phone?' Huawei keeps quiet about Mate 60 Pro but takes aim at Tesla
'Where is the phone?' Huawei keeps quiet about Mate 60 Pro but takes aim at Tesla
Huawei has disappointed legions of fans — and US officials — eager to know more about its Mate 60 Pro smartphone, which has quickly become a symbol of the tech rivalry between the United States and China since it went on sale last month.
2023-09-25 21:29
Melania Trump hawks $50 NFTs to ‘celebrate our great nation’ ahead of July 4
Melania Trump hawks $50 NFTs to ‘celebrate our great nation’ ahead of July 4
Melania Trump is launching a collection of $50 non-fungible tokens (NFTs) featuring US landmarks in time for the 4th of July. The former first lady’s “1776 Collection” includes images of Mount Rushmore, the Statue of Liberty and the Liberty Bell, set to patriotic-themed music. Ms Trump’s office said in a statement that each NFT was designed to celebrate the “foundations of American ideals”. “The 1776 Collection of artwork draws inspiration from several iconic landmarks of our nation, which I had the privilege of visiting during the time I served as first lady,” Ms Trump said. “I am proud to celebrate our great nation and remain inspired by the words contained within the Declaration of Independence.” An NFT is a blockchain-based certificate verifying ownership. The 1776 Collection was created on the Solana blockchain, and went on sale on Thursday. Ms Trump’s office said a portion of the sale price would go to support foster children. The site did not immediately respond to a request for further details about what percentage of the proceeds would be donated. Ms Trump has previously dabbled in NFTs since leaving the White House. In 2021, she launched a digital watercolour painting of her eyes for $180 each. Then in 2022, Ms Trump faced accusations of bidding $185,000 in an auction for her “Head of State Collection 2022.” An analysis of Solana blockchain transactions by Bloomberg found the winning bid of 1800 SOL came from a wallet that belonged to the entity that originally listed the project for sale. Read More Trump news - live: DOJ prepares to hit Trump with new charges as ex-official cooperates in 2020 election probe Trump lashes out at ‘fake’ Jake Tapper after CNN host cuts away from arraigned ex-president meeting fans Meet Jesse Watters, the Fox News host helming Tucker Carlson’s primetime slot Prosecutors are prepared to hit Trump and his allies with new charges, sources say
2023-06-30 22:19
How to Tweak Your Investments for a More Normal Market
How to Tweak Your Investments for a More Normal Market
Interest rates are higher than they’ve been in years, and the economy is humming along. Here are the moves to make now.
2023-11-24 16:16