In the 10 years since Chris Torres created Nyan Cat, an animated flying cat with a Pop-Tart body leaving a rainbow trail, the meme has been viewed and shared across the web hundreds of millions of times. On Thursday, he put a one-of-a-kind version of it up for sale on Foundation, a website for buying and selling digital goods. In the…
Tag: Gambling
Bill Gates Questions Societal Value of ‘GameStop’ Mania, Argues It’d Be ‘Good to Get Rid of’ Bitcoin
The price of bitcoin — now over $57,000 — has nearly doubled in the last 7 weeks. Even Elon Musk tweeted that its price seems high — though one analyst tells Bloomberg that Tesla has already made a profit of nearly $1 billion from its recent Bitcoin investment, more than it earned selling electric cars in all of 2020. Yet speaking…
270 Addresses Are Responsible for 55% of All Cryptocurrency Money Laundering
Criminals who keep their funds in cryptocurrency tend to launder funds through a small cluster of online services, blockchain investigations firm Chainalysis said in a report last week. From a report: This includes services like high-risk (low-reputation) crypto-exchange portals, online gambling platforms, cryptocurrency mixing services, and financial services that support cryptocurrency operations headquartered in high-risk jurisdictions. Criminal activity studied in this…
The Rich Got Richer: GameStop’s Trading Frenzy Benefited Wall Street’s Elite
While GameStop’s surge has been heralded as a victory for underdogs, “Growing evidence casts doubt on the idea that the episode mostly benefited small-time investors…” reports the Washington Post. (Alternate URLs here and here “And, in at least some cases, novice investors lost their shirts.” Giant mutual funds that own the largest stakes in GameStop saw the biggest gains in value….
Our study of gambling and its harms shows it’s time to intervene
Online gambling has exploded in recent years and we now have the fullest picture yet of its links to financial and social harm, say Naomi Muggleton and Neil Stewart Source: https://www.newscientist.com/article/2266799-our-study-of-gambling-and-its-harms-shows-its-time-to-intervene/?utm_campaign=RSS%7CNSNS&utm_source=NSNS&utm_medium=RSS&utm_content=home…
Google To Allow Gambling Apps In the Play Store
Android users in the U.S. will soon gain access to betting and gambling apps through the Play Store, Google announced Thursday. CNET reports: As of March 1, online casino games, sports betting, lotteries and daily fantasy sports apps will be allowed in certain states. You can see a complete list of what types of gambling apps are allowed in each state…
Google Will Let You Limit the Alcohol and Gambling Ads You See
On Thursday, Google announced a new setting that lets people limit the alcohol- and gambling-related ads they come across. Gizmodo reports: Per the announcement, the feature will first roll out for YouTube ads in the U.S., before globally expanding to ads across YouTube and Google search in “early 2021.” Countries that already have legal limitations on ads in these sorts of…
Addicted To Losing: How Casino-Like Apps Have Drained People of Millions
NBC News spoke to 21 people who said they were hooked on casino-style apps and had spent significant sums of money. The industry is almost entirely unregulated. From a report: Shellz, 37, a nurse from Houston, spends at least two hours a day with her husband playing a casino-style smartphone game called Jackpot Magic. The app offers a variety of typical…
How App Developers Manipulate Your Mood To Boost Ranking?
Higher ratings are the ‘lifeblood’ of the smartphone app world but what if they are inflated? From a report: Rating an iPhone app takes just a second, maybe two. “Enjoying Skype?” a prompt will ask, and you click on a 1-5 star rating. Millions of people respond to these requests, giving little thought to their fleeting whim. Behind the scenes, though,…
Obscure Indian Cyber Firm Spied On Politicians, Investors Worldwide
An anonymous reader quotes a report from Reuters: A little-known Indian IT firm offered its hacking services to help clients spy on more than 10,000 email accounts over a period of seven years. New Delhi-based BellTroX InfoTech Services targeted government officials in Europe, gambling tycoons in the Bahamas, and well-known investors in the United States including private equity giant KKR and…