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Furious Bitcoin scam victims torch alleged Ponzi mastermind’s house

Jul11
by on July 11, 2019 at 10:23 am
Posted In: Around the Web, cryptocurrency, Hard Fork


Angry victims have looted and torched the home of a man who reportedly operated an alleged Bitcoin Ponzi scheme in South Africa.  Firefighters in Ladysmith, approximately 365 kilometres south of Johannesburg, were called to Sphelele “Sgumza” Mbatha’s house on Wednesday afternoon after several angry citizens set the building on fire. An anonymous source told TimesLIVE that victims were taking the law into their own hands because Mbatha was unreachable. Mbatha operated Bitcoin Wallet, a company which reportedly enticed victims to invest in exchange for easy and big returns on investments.  Earlier this week, Mbatha told the Ladysmith Gazette that he didn’t have…

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Google Translate’s camera feature now detects and translates a whopping 88 languages

Jul11
by on July 11, 2019 at 9:54 am
Posted In: Apps, Around the Web


As someone who’s writing this from a foreign country, I know it’s often insanely hard for foreigners to navigate a town when every sign is written in a different language. At times like this, Google Translate app’s instant camera translate feature becomes really handy. Now, Google has updated it with faster on-device translation, support for 60 more languages, and automatic language detection. Earlier, you had to select the source language and the language you wanted to translate the text in manually. With the new update, you can point the camera to a sign, and the Translate app will automatically detect…

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Hey look, AI ruined Garfield

Jul11
by on July 11, 2019 at 9:08 am
Posted In: Around the Web, artificial intelligence, distract


AI can do a lot of things — it fuels our voice assistants, understands pizza, and might even steal our jobs! And you know what else it can do? Ruin my childhood, and possibly my subconscious. This was the realization I came to this morning when this was shared in our team Slack channel: At first glance, it seems like just the text is scrambled. But look closer at the images:   Absolutely chilling. We’re deep in the uncanny valley and I want out.  It’s trippiest if you consider that Garfield himself remains untouched in most of the frames, making it seem…

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North Korea launches an ebook to spread ideology among its people

Jul11
by on July 11, 2019 at 9:04 am
Posted In: Around the Web, Shareables


North Korea is bringing its political indoctrination tactics to the digital age. The self-proclaimed republic is developing software designed to teach ideology to party members and workers, North Korean party daily Rodong Sinmun reports. Dubbed Chongseo 1.0, the software is practically an encyclopedia-like ebook packed with writings by North Korea’s founder Kim Il-sung and his son Kim Jong-il, who also ruled the country between 1994 and 2011. The software is available for multiple operating systems, including Windows and North Korea’s own Linux-based Red Star. North Korea is looking to distribute the digital book nationwide. There are also plans to develop a new…

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Fraudsters fined $360,000 for running bogus Bitcoin trading ring, impersonating CFTC

Jul11
by on July 11, 2019 at 8:49 am
Posted In: Around the Web, cryptocurrency, Hard Fork


A Texas federal court has granted a motion for a default judgement against two individuals who solicited money by fraudulently representing the US Commodity Futures Trading Commission (CTFC) in a bid to extract Bitcoin from investors.  Defendants Morgan Hunt and Kim Hecroft were ordered to pay almost $400,000 in civil monetary penalties and restitution in connection with the lawsuit.  A US District Court found that Hunt, operating as Diamonds Trading Investment House, and Hecroft, operating as First Options Trading, ran a fraudulent program to solicit Bitcoin from citizens to invest in trading products including leveraged or margined foreign currency contracts,…

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