Category: technology

Finance, technology1 Comment

Another billionaire jailed

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Binance founder Changpeng Zhao, nicknamed CZ, was a jailed for allowing money laundering after he pleaded guilty to breaching US anti-money laundering laws designed to prevent terrorist  financing and funds going to sanctioned countries. Zhao apologised before his sentencing at a court in Seattle saying: I failed here. I deeply regret my failure and I am sorry”. District judge Richard Jones told him: “You had the wherewithal, the finance capabilities, and the people power to make sure that every single regulation had to be complied with, and so you failed at that opportunity”. He is the second major crypto boss … Continue reading Another billionaire jailed

Books, technology1 Comment

Surveillance capitalism: How tech giants “capture” users

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Did you know in the complex world of modern capitalism, where technology giants reign supreme, from Google and Apple to Amazon and Tencent, these internet behemoths have reshaped the economic landscape, transforming capitalism as we know it.  Philipp Staab in Markets and Power in Digital Capitalism, takes us on a thought-provoking journey through the virtual realm, exploring how digital surveillance and evaluation practices have infiltrated every aspect of our lives. Big Tech companies operate a corporate monopoly with government blessing, a “privatised mercantilism” operating through “proprietary markets”.  Billions of users of digital technology greatly value often free services they get. … Continue reading Surveillance capitalism: How tech giants “capture” users

Books, Health and Safety, technology1 Comment

Smartphones, gaming, Sleep deprivation and addiction rewiring childhood

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Social psychologist, professor of ethical leadership at New York University’s Stern School of Business, Jonathan Haidt,  reveals why have rates of depression, anxiety, self-harm and suicide risen so sharply, more than doubling in many cases in recent years. Haidt’s International bestselling author of the Righteous Mind  (2012, looking at the role of emotion and reason in moral convictions) and The Coddling of the American Mind, (2018, co-written with Greg Lukianoff describing a culture of “Safetyism” in which helicopter parents and educators protect their young charges from potential har, including even thoughts), Haidt argues that the decline of free-play in childhood … Continue reading Smartphones, gaming, Sleep deprivation and addiction rewiring childhood

Finance, technology1 Comment

Crypto group Copper is reviewing its embarrassing sushi party

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Crypto currency had to stoop such low levels to get their message across. At the party guests were served food items from the bodies of partially naked models. Digital assets company chaired by Lord Philip Hammond had to apologise after embarrassment caused by the party. Copper’s pioneering technology including their security and speed of cryptocurrency transactions were belittled by partially clad sushi party at the Mandrake hotel, where sushi was served off models in swimsuits. Continue reading Crypto group Copper is reviewing its embarrassing sushi party

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Crypto- billionaire has been jailed for 25-years for biggest fraud of the century

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Former billionaire and Founder of now-bankrupt crypto firm FTX, Sam Bankman-Fried, has been jailed for 25 years for his role in the massive crypto fraud. A Jury found Bankman-Fried(32) guilty on November 2, 2023 on seven fraud and conspiracy counts stemming from FTX’s November 2022 collapse, according to prosecutors one of the biggest financial frauds in US history. Bankman-Fried stole $8 billion from customers of the now-bankrupt FTX Crypto currency exchange he founded,  the last step in the former billionaire wunderkind’s dramatic downfall. U.S. Judge Lewis Kaplan handed down the sentence at a Manhattan Court hearing after rejecting Bankman-Fried’s claim … Continue reading Crypto- billionaire has been jailed for 25-years for biggest fraud of the century

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India has applied for two deep-sea exploration licences

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India which has two deep-sea exploration licences in the Indian Ocean, has applied for two more amid increasing competition between major global powers to secure critical minerals including cobalt, nickel, copper and manganese that lie thousands of meters below the surface of oceans which could hold key to a cleaner future. These metals are used to produce renewable energy such as solar and wind power, electric vehicle batteries. The UN-affiliated International Seabed Authority (ISA) has issued 31 exploration licences so far, of which 30 are active. Its member countries are meeting in Jamaica this week to discuss regulations around giving … Continue reading India has applied for two deep-sea exploration licences

technology1 Comment

Nivdia focuses on AI dominance through their new chip

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Jensen Huang, CEO of Nvidia heralded the new era of computing, after unveiling their new Blackwell chip B200 GPU, the world’s most powerful chip  and software for running AI,  said, it would vastly boost the power driving large language models, as it has over 208 billion transistors compared with 80billion in last year’s H100. Hopper 100 is fantastic, but need even bigger GPUs, according to Huang. He delivers a keynote speech during the Nvidia GTC Artificial Intelligence Conference at SAP Centre on March 18, 2024, in San Jose, California. Mamvir Das the Nvidia enterprise VP in an interview said “ … Continue reading Nivdia focuses on AI dominance through their new chip

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Gold and Bitcoin soars all-time record

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The price of cryptocurrency soared more than 60 per cent this year since regulators approved its place in exchange traded funds hit $69, 200 yesterday. The price of Gold also surged to a record high driven by growing expecations of US interest rate cuts, investors hunting for haven assets and month sof prodigious buying by central banks and Chinese investors. The digital coin was dismissed by sceptics as a burst bubble that would not recover following the collpase of high profile crypto companies such as FTX. Spot Bitcoin ETFs issued by Wall Street stalwarts like Fidelity and Blackrock have spearheaded … Continue reading Gold and Bitcoin soars all-time record

Books, Finance, technology2 Comments

Freedom to live the life you want

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Tori Dunlap who was always good with monty, as a kid, watched her prudent parents balance their checkbook every month and learned to save for musical tickets by gathering pennies in an Altoids tin. According to her it’s not our fault, girls are siginificantly less likely to receive a holistic financial education and investigating this financial literacy and wealth gap, in Financial Feminist giving a step-by-step guide to mindful spending, earning and investing- without the overwhelm, shame, or jargon. Your thoughts, feelings, and mindset dictate your daily relationship with money. And then our feelings about money are intentionally weaponised. According … Continue reading Freedom to live the life you want

aviation, technology1 Comment

FAA considers stripping Boeing’s right to self inspect

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Two Boeing 737 Max 8s crashed Lion Air flight 610 crashed on October 29, 2018 and Ethiopian Airlines flight 302 on March 10 killing 346 people .Both crashes triggered by design flaws and the malfunctioning of flight control software MCAS designed to assist pilots. Last Friday in Oregon Boeing 737 Max 9s door blew out in midair. All these critical incidents prompted US regulator FAA to whether to strip Boeing’s own employees certify aircraft safety. Continue reading FAA considers stripping Boeing’s right to self inspect