Thanks to new policies from the Trump administration aimed at cracking down at Beijing’s access to strategic US technologies, China has all but halted investments in US-based tech startups, according to Reuters. Venture funding out of China peaked last year at a record $3 billion according to the Rhodium Group, a New York economic research firm. […]
The Economics of Cryptocurrency Pump and Dump Schemes…
The surge of interest in cryptocurrencies has been accompanied by a proliferation of fraud, largely in the form of pump and dump schemes. This column provides the first measure of the scope of such schemes across cryptocurrencies. The results suggest that the phenomenon is widespread and often quite profitable, and highlight the need for concerted […]
The Terrifying Rise of Financial Blacklisting…
It is the most totalitarian form of blacklisting: not just to be prevented from speaking on a university campus, or to be kicked off social media, but to be shut out of the entire financial system. That is the terrifying new threat to freedom that western societies must now contend with. Financial blacklisting doesn’t just […]
Apple’s ‘Darkest Day’ in iPhone Era Triggers Flood of Price Target Cuts by Analysts…
Shares of Apple Inc. tanked Thursday, after the technology giant’s revenue warning triggered an avalanche of price target cuts by Wall Street analysts. Half of the 41 analysts surveyed by FactSet cut their targets, some by as much as $100. That knocked the average target down by about 13% to $187.03, from $215.91 on Monday, […]
Chinese Schools Monitor Students With “Smart Uniforms”…
Education facilities in China have rolled out “intelligent uniforms” embedded with microchips to better monitor students’ attendance and whereabouts, said the Global Times. Eleven schools in Southwest China’s Guizhou Province and Guangxi Zhuang Autonomous Region have introduced smart uniforms, which are developed and manufactured by Guizhou Guanyu Technology…
How Much of the Internet Is Fake? Turns Out, a Lot of It, Actually…
In late November, the Justice Department unsealed indictments against eight people accused of fleecing advertisers of $36 million in two of the largest digital ad-fraud operations ever uncovered. Digital advertisers tend to want two things: people to look at their ads and “premium” websites — i.e., established and legitimate publications — on which to host […]
“Everything Is Fake”: Ex-Reddit CEO Confirms Internet Traffic Metrics Are Bullshit…
“It’s all true: Everything is fake,” tweeted Former Reddit CEO Ellen Pao regarding a Wednesday New York Magazine article which reveals that internet traffic metrics from some of the largest tech companies are overstated or fabricated. In other words; they’re bullshit. Pao was responding to a tweet by the Washington Post’s Aram Zucker-Schariff, quoting the […]
Apple to Build $1B Campus in Texas…
Apple is building a $1 billion campus in Austin, Texas, as well as three more smaller satellite locations on the west coast. The Austin campus is expected to employ 5,000 people working in engineering, research and development, operations, finance, sales, and computer support, the Associated Press reported. The Texas city is already the second largest […]
Children Who Are Spending 7 or More Hours on Smartphones or Tablets Brains Are Changing, Risking Lower IQs and Declining Memory, Cognitive Function…
Children who use screens for seven hours or more a day are showing signs that their brain cortex is thinning prematurely. The findings show that children are at risk of deteriorating memory function, perception skills and cognitive abilities, according to new major US study. The ongoing $300 million (£236mn) research is funded by the National […]
Former Canadian Diplomat Detained in China…
A former Canadian diplomat has been detained in China, two sources said on Tuesday, and his current employer, the International Crisis Group, said it was seeking his prompt and safe release. Michael Kovrig’s detention comes after police in Canada arrested the chief financial officer of China’s Huawei Technologies Co Ltd [HWT.UL] on Dec. 1 at […]
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