Bitcoin Fog founder sentenced to 12 years for laundering $400M in criminal proceeds using his darknet mixer.
A US bank is warning customers of a security “intrusion” that may have compromised Mastercard account numbers and other financial data.
Maryland-based Eagle Bank says it has received a notice from Mastercard, stating an unnamed US merchant allowed unauthorized access to account information between August 15th, 2023, and May 25th, 2024.
The bank revealed the breach in a filing with the Massachusetts state government.
He has frequently voiced concerns over the Biden administration’s approach to immigration and the economy, and claimed free speech would be at risk with another Democrat presidency.
As one of the president-elect’s most important backers, the tech billionaire donated more than $119m (£92m) to fund a Super PAC aimed at re-electing Trump.
He also spent the last weeks before election day running a get-out-the-vote effort in the battleground states, which included a daily giveaway of $1m to voters in those states.
The Dstat.cc DDoS review platform has been seized by law enforcement, and two suspects have been arrested after the service helped fuel distributed denial-of-service attacks for years.
The seizure and arrests were conducted as part of “Operation PowerOFF,” an ongoing international law enforcement operation that targets DDoS-for-hire platforms, aka “booters” or “stressers,” to seize infrastructure and arrest the operators.
These platforms are responsible for service disruptions to online services and can cause significant economic damages, as well as impact to the operation of critical services, such as healthcare.
Individuals born before 37 weeks of gestation, considered to be preterm infants, have, on average, lower employment income, university enrollment and educational attainment through age 28, according to a study publishing November 6, 2024 in the open-access journal PLOS ONE by Petros Pechlivanoglou of The Hospital for Sick Children, Toronto, Canada.
Preterm birth affects about 10% of all births worldwide and accounts for one in five deaths in children. Economic and lifestyle factors can affect a family’s access to therapies and supports, financial stability and quality of life.
Since the public release of OpenAI’s ChatGPT, artificial intelligence (AI) has quickly become a driving force in innovation and everyday life, sparking both excitement and concern. AI promises breakthroughs in fields like medicine, education, and energy, with the potential to solve some of society’s toughest challenges. But at the same time, fears around job displacement, privacy, and the spread of misinformation have led many to call for tighter government control.
Many are now seeking swift government intervention to regulate AI’s development in the waning “lame duck” session before the inauguration of the next Congress. These efforts have been led by tech giants, including OpenAI, Amazon, Google, and Microsoft, under the guise of securing “responsible development of advanced AI systems” from risks like misinformation and bias. Building on the Biden administration’s executive order to create the U.S. Artificial Intelligence Safety Institute (AISI) and mandate that AI “safety tests,” among other things, be reported to the government, the bipartisan negotiations would permanently authorize the AISI to act as the nation’s primary AI regulatory agency.
The problem is, the measures pushed by these lobbying campaigns favor large, entrenched corporations, sidelining smaller competitors and stifling innovation. If Congress moves forward with establishing a federal AI safety agency, even with the best of intentions, it risks cementing Big Tech’s dominance at the expense of startups. Rather than fostering competition, such regulation would likely serve the interests of the industry’s largest corporations, stifling entrepreneurship and limiting AI’s potential to transform America—and the world—for the better. The unintended consequences are serious: slower product improvement, fewer technological breakthroughs, and severe costs to the economy and consumers.
A comprehensive review of the economic impacts of nature-based solutions (NbS), led by the University of Oxford and published this week in PLOS Climate, concludes they can unlock prosperity by boosting local economies, increasing agricultural productivity and creating jobs.
New research from the University of Göttingen reveals that amethyst geodes in Uruguay formed at low temperatures from groundwater-like fluids, proposing a new model for their formation based on extensive geological surveys and innovative analytical methods.
Amethyst, the violet variety of quartz, has been used as a gemstone for centuries and is a key economic resource in northern Uruguay. Geodes are hollow rock formations often with quartz crystals, such as amethyst, inside.
In Uruguay, amethyst geodes have been found in cooled lava flows dating back to the original breakup of the supercontinent Gondwana approximately 134 million years ago. However, their formation has remained a mystery.
“Our vision is for chip designers and engineering students, not just suppliers and manufacturers, to co-locate here, to create a value added ecosystem beyond just what it takes to build chips, and that’s how we’re going to create more value in the Phoenix economy,” Mack said.
A further three plants are also planned for the Phoenix site, which could bring TSMC’s total investment in the area to over $120 billion. Tech giant Apple has announced it will buy semiconductors from the fabrication plants.
The plants are anticipated to create 10,000 permanent jobs, and another 80,000 are expected to be created in the surrounding development.
Viktoria Soltesz is the founder and CEO of PSP Angels Group, an independent payment consulting firm. PSP Angels is an independent payment and banking consultancy firm. In this interview leading up to the Fin+AI 2024 Conference we discuss a variety of topics related to moving money.
