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Bitcoin con artists charged with $51M investment scam

Jan18
by on January 18, 2019 at 1:03 pm
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


In Taipei, a group of Bitcoin con artists have been charged with running an elaborate cryptocurrency scam that defrauded local and foreign investors out of millions of dollars. Authorities formally charged a 47-year-old man surnamed Lin, along with six accomplices, with violating Taiwan‘s Banking and Multi-Level Marketing Supervision acts with a fake Bitcoin investment scam, reports FocusTaiwan. Since October 2016, police say Lin and co. attracted $51 million from over 1,000 Taiwanese investors. The scammers are also charged with defrauding citizens of neighbouring China. Their Ponzi scheme promised returns of up to 355 percent after just one year of Bitcoin investment.…

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This scientist used facial recognition technology on birds

Jan18
by on January 18, 2019 at 11:47 am
Posted In: Around the Web, artificial intelligence, syndication


As a birder, I had heard that if you paid careful attention to the head feathers on the downy woodpeckers that visited your bird feeders, you could begin to recognize individual birds. This intrigued me. I even went so far as to try sketching birds at my own feeders and had found this to be true, up to a point. In the meantime, in my day job as a computer scientist, I knew that other researchers had used machine learning techniques to recognize individual faces in digital images with a high degree of accuracy. These projects got me thinking about…

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SAP’s new blockchain project helps weed out counterfeit drugs

Jan18
by on January 18, 2019 at 11:30 am
Posted In: Around the Web, blockchain, Hard Fork


SAP has launched a blockchain-based supply chain tracking system to allow drug wholesalers to authenticate pharmaceutical packaging returned by pharmacies and hospitals. That should help them weed out counterfeit drugs from their supply chain. SAP says it hopes to eventually expand the use of distributed ledger technology to cover a broader range of pharmaceutical supply chain processes. According to the company, its blockchain-based solution helps customers comply with the US Drug Supply Chain Security Act (DSCSA), which establishes that as of November 2019, wholesalers must verify prescription drugs that are returned and intended for resale. This piece of legislation is…

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a couple of laughzillas on a blue diamond background

SAP’s new blockchain project helps weed out counterfeit drugs

Jan18
by on January 18, 2019 at 11:30 am
Posted In: Around the Web, blockchain, Hard Fork


SAP has launched a blockchain-based supply chain tracking system to allow drug wholesalers to authenticate pharmaceutical packaging returned by pharmacies and hospitals. That should help them weed out counterfeit drugs from their supply chain. SAP says it hopes to eventually expand the use of distributed ledger technology to cover a broader range of pharmaceutical supply chain processes. According to the company, its blockchain-based solution helps customers comply with the US Drug Supply Chain Security Act (DSCSA), which establishes that as of November 2019, wholesalers must verify prescription drugs that are returned and intended for resale. This piece of legislation is…

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Facebook ousts hundreds of fake news accounts tied to Russia

Jan18
by on January 18, 2019 at 11:00 am
Posted In: Around the Web, Insider


Facebook today removed multiple accounts, Pages, groups, and Instagram profiles that were related to Russian networks. The accounts in question were masquerading as news organizations and interest pages to spread misinformation. The pages and accounts were linked to employees of defamed Russian state publication Sputnik, which was previously downranked by Google for spreading false information. These accounts ran seemingly legit news and general-interest pages related to topics like sports and travel to build sizable audiences, and later began adding propaganda posts from Sputnik into their mix of content. In a separate post, Facebook’s partner in detecting misinformation, DFRLab describes that…

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