Day: April 24, 2023

Twitter High-Profile Accounts Getting Back Blue Ticks

The verification badges started returning to the profiles of celebrities, and many of them did not pay for a Twitter Blue subscription. However, their profiles are “verified” and have blue ticks back. Twitter Inc is giving back the blue ticks confirming a user’s verification for high-profile accounts with over one million followers. The initiative takes place just a few days after the platform removed the blue checks for users who are not subscribed to the verification. On April 1, Twitter started removing blue checkmarks that were earlier introduced to signal the…

SoftBank Group-backed Arm Announces Plans to Build Advanced Semiconductor

With the growth of artificial intelligence (AI) amid the booming blockchain technology Arm is assured of a growing semiconductor market. A subsidiary of SoftBank Group Corporation (LON: 0R15), Arm Ltd., is reportedly working on its advanced prototype semiconductor. In a bid to attract customers and investors ahead of its Initial Public Offering (IPO) later this year, Arm Ltd is developing its semiconductor to ostensibly showcase the capabilities of its products. According to a report by Financial Times, Arm anticipates teaming up with manufacturing partners to ramp up the production of…

How is artificial intelligence used in fraud detection?

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AI technologies have a vital role in fighting cybercrime by enhancing the most commonly used cybersecurity systems. AI and ML have a crucial role in online fraud detection, where algorithms detect fraudulent activities in online transactions, such as credit cards, online banking or e-commerce transactions. These algorithms can be applied in real-time to identify and flag suspicious activities.  A cybersecurity threat is any activity, event or situation that has the potential to cause harm to computer systems, networks or data. According to the Global Economic Crime and Fraud Survey 2022,…

WEF’s promo video shows Bitcoin mining, but it leaves out the B-word

The World Economic Forum (WEF) showcased the facilities and tech employed by a cryptocurrency mining firm and implied its operations were the “biggest winner” for the environment — but it never actually said it was mining crypto. Published on April 20, the WEF video promoted efforts towards reducing flaring — where large amounts of gas from oil production or from decomposition are wasted — by the Colorado-based Bitcoin (BTC) miner Crusoe Energy Systems. Prominent imagery of what appear to be cryptocurrency mining facilities are presented throughout the video; however, the…

WEF’s promo video shows Bitcoin mining, but leaves out the B-word

boss

The World Economic Forum (WEF) showcased the facilities and tech employed by a cryptocurrency mining firm and implied its operations were the “biggest winner” for the environment — but it never actually said it was mining crypto. Published on April 20, the WEF video promoted efforts toward reducing flaring — where large amounts of gas from oil production or from decomposition are wasted — by the Colorado-based Bitcoin (BTC) miner Crusoe Energy Systems. Prominent imagery of what appear to be cryptocurrency mining facilities are presented throughout the video; however, the…

US Revenue Collector IRS to Send Four Crypto Crime Investigation Agents Abroad – Bitcoin News

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The Internal Revenue Service (IRS) is planning to send investigators to four countries where they are expected to tackle the use of crypto and decentralized finance products in global financial and tax crimes. According to the tax collector’s spokesperson, the IRS will be able to determine the success of the pilot program by rating the investigators’ “ability to work cooperatively” with global law enforcement bodies. IRS to Help Foreign Law Enforcement Agencies The United States Internal Revenue Service (IRS) is set to send four agents specializing in cyber and crypto…

FIX Protocol Adds Support for Digital Token Identifier (DTI) ISO Standard

“Adding the DTI standard to the FIX Protocol was an easy decision as the DTI extends the existing functionality to the world of digital assets, which helps the market evolve to work with this asset class,” Jim Kaye, executive director at FIX, said in the press release. “We can see many benefits of adding the DTI, including making it easier for the industry to audit their transactions and increase transparency, thereby bringing more efficiencies to the market.” Source