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‘Shadow banking’ duo charged for laundering millions of dollars for cryptocurrency exchanges

May01
by on May 1, 2019 at 10:13 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


The US Attorney for the Southern District of New York has charged two people in connection with running an unlicensed money transfer business used to make deposits for cryptocurrency exchanges. Reginald Fowler and Ravid Yosef allegedly ran a shadow banking service that “processed hundreds of millions of dollars of unregulated transactions on behalf of cryptocurrency exchanges,” US Attorney Geoffrey Berman said in the announcement. Exactly how much they processed has not been disclosed. According to court documents, Fowler and Yosef’s business, called Crypto Companies, reportedly misled banks, claiming it was using the accounts for real estate investments. The company was…

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a couple of laughzillas on a blue diamond background

‘Shadow banking’ duo charged for laundering millions of dollars for cryptocurrency exchanges

May01
by on May 1, 2019 at 10:13 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


The US Attorney for the Southern District of New York has charged two people in connection with running an unlicensed money transfer business used to make deposits for cryptocurrency exchanges. Reginald Fowler and Ravid Yosef allegedly ran a shadow banking service that “processed hundreds of millions of dollars of unregulated transactions on behalf of cryptocurrency exchanges,” US Attorney Geoffrey Berman said in the announcement. Exactly how much they processed has not been disclosed. According to court documents, Fowler and Yosef’s business, called Crypto Companies, reportedly misled banks, claiming it was using the accounts for real estate investments. The company was…

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Amazon says AT&T, Accenture, and Nestle are all using its blockchain tools

May01
by on May 1, 2019 at 10:08 am
Posted In: Apps, Around the Web, blockchain, cryptocurrency, Hard Fork


Amazon is ramping up its blockchain services – and it’s already convinced giants like AT&T, Accenture and Nestle to use them. The company’s cloud solutions subsidiary, Amazon Web Services (AWS), announced its Amazon Managed Blockchain suite is now “generally available” (whatever that means). On first glimpse, it seems that AWS is simply opening up the service to anyone interested in building “decentralized” solutions – and willing to pay for it. (We’ve reached out to Amazon to ask what the company means by “general availability,” and we’ll update this post accordingly if we hear back.) It appears AWS is targeting businesses…

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Apple’s big services push is starting to pay off

May01
by on May 1, 2019 at 8:34 am
Posted In: Around the Web


Gone are the days when iPhones used to be the center stage of Apple’s quarterly results. Make no mistake, it is still the biggest money maker for the company, but the word “iPhone” appears just once in the Q2 earnings press release, as if it’s a mere afterthought. The reason? Smartphone revenues are no longer exciting as they used to be. iPhone sales slumped to $31.05 billion, but it was still big enough to account for over 53 percent of Apple’s total revenue, down from 61.4 percent YoY. Instead Apple chose to highlight its services division, which brought in revenues of $11.5 billion,…

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This AI generates ultra-realistic fashion models from head to toe

May01
by on May 1, 2019 at 7:26 am
Posted In: Around the Web, artificial intelligence


You’ve already seen how AI can be used to generate eerily realistic images of human faces, food, and even Airbnb homestays. Kyoto-based firm DataGrid is taking things a step further to creep you out with complete human bodies conjured afresh from images it’s gleaned. That’s right – according to the company, the models you’re looking at in the image above and the video clip below aren’t real people. Each image has been dreamed up by DataGrid’s neural network from scratch. DataGrid presented this demo without many details, but noted that its tech could find use in creating virtual models for…

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